Board of Governors of the Federal Reserve System

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• The Fed - U.S. Monetary Policy and Econometric Modeling: Tales from the FOMC Transcripts 1984-1991

  response of the economy to policy changes. Models also evolve to recognize

  URL: https://www.federalreserve.gov/econres/ifdp/us-monetary-policy-and-econometric-modeling-tales-from-the-fomc-transcripts-1984-1991.htm
  



• The Fed - Alternative Procedures for Estimating Vector Autoregressions Identified with Long-Run Restrictions

  response functions. In our examples, the alternative procedures have better

  URL: https://www.federalreserve.gov/econres/ifdp/alternative-procedures-for-estimating-vector-autoregressions-identified-with-long-run-restrictions.htm
  



• The Fed - Debt Overhang and the Retail Apocalypse

  response to negative shocks, reducing the business activity of their remaining

  URL: https://www.federalreserve.gov/econres/ifdp/debt-overhang-and-the-retail-apocalypse.htm
  



• The Fed - Trade policies and fiscal devaluations

  response to VP in 2007. These findings cast doubt on fiscal devaluations

  URL: https://www.federalreserve.gov/econres/ifdp/trade-policies-and-fiscal-devaluations.htm
  



• The Fed - Whom can we Trust to Run the FED? Theoretical Support for the Founders' Views

  response to public conflict over inflation's redistributive powers. This

  URL: https://www.federalreserve.gov/econres/ifdp/whom-can-we-trust-to-run-the-fed-theoretical-support-for-the-founders39-views.htm
  



• The Fed - Managing Capital Flows in the Presence of External Risks

  response to these shocks. In the model, collateral constraints create

  URL: https://www.federalreserve.gov/econres/ifdp/managing-capital-flows-in-the-presence-of-external-risks.htm
  



• The Fed - Limited Participation in Equity Markets and Business Cycles

  response of consumption to monetary policy shocks. Accessible materials

  URL: https://www.federalreserve.gov/econres/feds/limited-participation-in-equity-markets-and-business-cycles.htm
  



• The Fed - Better Bunching, Nicer Notching

  response to changes in slope (kink) or intercept (notch) of a schedule

  URL: https://www.federalreserve.gov/econres/feds/better-bunching-nicer-notching.htm
  



• The Fed - Financial Market Shocks during the Great Depression

  response, VAR PDF: Full Paper Disclaimer: The economic research that is

  URL: https://www.federalreserve.gov/econres/feds/financial-market-shocks-during-the-great-depression.htm
  



• The Fed - State and Local Finances and the Macroeconomy: The High-Employment Budget and Fiscal Impetus

  response of taxes and expenditures. State and local budget policies are

  URL: https://www.federalreserve.gov/econres/feds/state-and-local-finances-and-the-macroeconomy-the-high-employment-budget-and-fiscal-impetus.htm
  

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