Board of Governors of the Federal Reserve System

I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ...T Yannick Timmer Principal Economist Macro-Financial Analysis Monetary

I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ...T Charles S. Taragin Principal Economist Financial Structure Research

.3 The survey received nearly 10,000 responses in two waves in October....6 Changes in self-reported versus experienced inflation: We compare how

I loans, and other loans) (see table 3). Consumer and commercial products...I loans is 7.3 percent, the rates among firms with C&I loans vary from

i.e. respondents provide a probability distribution of expected inflation...t$$ is measured between month $$t-12$$ and month $$t$$, while expected

5 basis point technical adjustment to the overnight reverse repurchase

i.e. 1980, 1990, 2001, and 2007), we calculate the lagging three-year ...i) relatively slow employment growth, and (ii) a higher share of months

3 to 5 percent of GDP.5 Given the more rapid drawdown of excess savings...3.5 percent. GDP growth is typically higher, on average, and more volatile

3.11 -3.31 -6.33** 406 (4.36) (3.50) (3.39) (3.26) (2.49) No GFC -19.41...t}^{y-1}\times {MP}_t )+\epsilon_{i,t},\ (2)$$$$ where $$R_{i,t}-R_{t-

3) the government's ambiguous relationship with Fannie Mae and Freddie...6) the GSEs' implicit subsidy does not appear to have substantially increased