Board of Governors of the Federal Reserve System

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• The Fed - On the optimal design of transfers and income-tax progressivity

  tax-and-transfer functions. Transfers should be larger than currently ...key to implement higher progressivity in average than in marginal tax-and-transfer

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-optimal-design-of-transfers-and-income-tax-progressivity.htm
  



• The Fed - Measuring the Natural Rate of Interest

  key variable for the conduct of monetary policy is the natural rate of...one-for-one with changes in the trend growth rate. We show that policymakers

  URL: https://www.federalreserve.gov/econres/feds/measuring-the-natural-rate-of-interest.htm
  



• The Fed - Sacrifice Ratios and Monetary Policy Credibility: Do Smaller Budget Deficits, Inflation-Indexed Debt, and Inflation Targets Lower Disinflation Costs?

  key fiscal and monetary policy practices that arguably affect policymaking...and flow) of government debt, the issuance of inflation-indexed bonds,

  URL: https://www.federalreserve.gov/econres/feds/sacrifice-ratios-and-monetary-policy-credibility-do-smaller-budget-deficits-inflation-indexed-debt-and-inflation-targets-lo.htm
  



• The Fed - Stock Market Participation, Portfolio Choice and Pensions over the Life-Cycle

  key financial statistics. Full paper (Screen Reader Version) Keywords:

  URL: https://www.federalreserve.gov/econres/feds/stock-market-participation-portfolio-choice-and-pensions-over-the-life-cycle.htm
  



• The Fed - Interest-Rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence

  key macroeconomic variables, and uncertainty regarding relevant structural

  URL: https://www.federalreserve.gov/econres/feds/interest-rate-smoothing-and-optimal-monetary-policy-a-review-of-recent-empirical-evidence.htm
  



• The Fed - Lining Up: Survey and Administrative Data Estimates of Wealth Concentration

  key part of the SCF wealth index. Such an approach has appeal as a way

  URL: https://www.federalreserve.gov/econres/feds/lining-up-survey-and-administrative-data-estimates-of-wealth-concentration.htm
  



• The Fed - Measurement Error in General Equilibrium: The Aggregate Effects of Noisy Economic Indicators

  key economic indicators would lead to considerably less cyclical volatility

  URL: https://www.federalreserve.gov/econres/feds/measurement-error-in-general-equilibrium-the-aggregate-effects-of-noisy-economic-indicators.htm
  



• The Fed - How Biased are Measures of Cyclical Movements in Productivity and Hours?

  key parameters in macroeconomics. Unfortunately, the available data on

  URL: https://www.federalreserve.gov/econres/feds/how-biased-are-measures-of-cyclical-movements-in-productivity-and-hours.htm
  



• The Fed - Using Structural Shocks to Identify Models of Investment

  key issues, including the nature of adjustment costs and investment's

  URL: https://www.federalreserve.gov/econres/feds/using-structural-shocks-to-identify-models-of-investment.htm
  



• The Fed - Debt Flexibility

  key contractual terms, such as interest and maturity, occur at least once

  URL: https://www.federalreserve.gov/econres/feds/debt-flexibility.htm
  

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