Board of Governors of the Federal Reserve System

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• The Fed - How does the Federal Reserve cooperate with foreign policymakers to promote economic growth and financial stability?

  responses. U.S. banks also do business overseas, and developments in markets

  URL: https://www.federalreserve.gov/faqs/economy_12766.htm
  



• The Fed - Does Monetary Policy Keep Up with the Joneses? Optimal Interest-Rate Smoothing with Consumption Externalities

  responses continue to be gradual in the presence of capital and sticky

  URL: https://www.federalreserve.gov/econres/ifdp/does-monetary-policy-keep-up-with-the-joneses-optimal-interest-rate-smoothing-with-consumption-externalities.htm
  



• The Fed - Is There a Fiscal Free Lunch in a Liquidity Trap?

  responses of output and government debt. Original version (PDF) Original

  URL: https://www.federalreserve.gov/econres/ifdp/is-there-a-fiscal-free-lunch-in-a-liquidity-trap.htm
  



• The Fed - On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?

  response of the NX-GDP ratio to the NFA-GDP ratio that is largely homogeneous

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-solvency-of-nations-are-global-imbalances-consistent-with-intertemporal-budget-constraints.htm
  



• The Fed - Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q*

  responses of macro-aggregates to shocks. Because of precautionary saving

  URL: https://www.federalreserve.gov/econres/ifdp/sudden-stops-financial-crises-and-leverage-a-fisherian-deflation-of-tobin39s-q.htm
  



• The Fed - The Macroeconomic Effect of External Pressures on Monetary Policy

  response of central banks to such pressures and the resulting macroeconomic

  URL: https://www.federalreserve.gov/econres/ifdp/the-macroeconomic-effect-of-external-pressures-on-monetary-policy.htm
  



• The Fed - The Effect of Monetary Policy on Housing Tenure Choice as an Explanation for the Price Puzzle

  responses of prices to a monetary contraction shock more in line with

  URL: https://www.federalreserve.gov/econres/ifdp/the-effect-of-monetary-policy-on-housing-tenure-choice-as-an-explanation-for-the-price-puzzle.htm
  



• The Fed - Inflation Persistence and Optimal Monetary Policy in the Euro Area

  response to terms-of-trade shocks under four monetary policy rules: fully

  URL: https://www.federalreserve.gov/econres/ifdp/inflation-persistence-and-optimal-monetary-policy-in-the-euro-area.htm
  



• The Fed - Regional Inflation in a Currency Union: Fiscal Policy vs. Fundamentals

  response to shocks to productivity growth. Moreover, we show that regional

  URL: https://www.federalreserve.gov/econres/ifdp/regional-inflation-in-a-currency-union-fiscal-policy-vs-fundamentals.htm
  



• The Fed - International Competition and Inflation: A New Keynesian Perspective

  response to changes in competitive pressure from abroad. A parametric

  URL: https://www.federalreserve.gov/econres/ifdp/international-competition-and-inflation-a-new-keynesian-perspective.htm
  

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