Board of Governors of the Federal Reserve System

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• The Fed - A Promised Value Approach to Optimal Monetary Policy

  rates--we show that the proposed formulation sheds new light on the nature

  URL: https://www.federalreserve.gov/econres/feds/a-promised-value-approach-to-optimal-monetary-policy.htm
  



• The Fed - Designing a Main Street Lending Facility

  rates to businesses. Both the multi-tier and flat structures deliver welfare

  URL: https://www.federalreserve.gov/econres/feds/designing-a-main-street-lending-facility.htm
  



• The Fed - Speed Limit Policy and Liquidity Traps

  rates makes speed limit policies (SLPs)--policies aimed at stabilizing

  URL: https://www.federalreserve.gov/econres/feds/speed-limit-policy-and-liquidity-traps.htm
  



• The Fed - The Impact of House Prices on Consumer Credit: Evidence From an Internet Bank

  rates and greater rationing of credit, while also becoming delinquent

  URL: https://www.federalreserve.gov/econres/feds/the-impact-of-house-prices-on-consumer-credit-evidence-from-an-internet-bank.htm
  



• The Fed - Bank Failure, Relationship Lending, and Local Economic Performance

  rates, and lower employment. Additionally, I find that the structure of

  URL: https://www.federalreserve.gov/econres/feds/bank-failure-relationship-lending-and-local-economic-performance.htm
  



• The Fed - Central banks as lender of last resort: experiences during the 2007-2010 crisis and lessons for the future

  rate. But there were many exceptions to these rules. Those exceptions

  URL: https://www.federalreserve.gov/econres/feds/central-banks-as-lender-of-last-resort-experiences-during-the-2007-2010-crisis-and-lessons-for-the-future.htm
  



• The Fed - Monetary Policy, Self-Fulfilling Expectations and the U.S. Business Cycle

  rate policy accommodated fundamental productivity and cost shocks that

  URL: https://www.federalreserve.gov/econres/feds/monetary-policy-self-fulfilling-expectations-and-the-us-business-cycle.htm
  



• The Fed - Optimal Inflation Target with Expectations-Driven Liquidity Traps

  rates, we find that even a very small probability of falling into an expectations-driven

  URL: https://www.federalreserve.gov/econres/feds/optimal-inflation-target-with-expectations-driven-liquidity-traps.htm
  



• The Fed - Optimal Monetary Policy with State-Dependent Pricing

  rate of inflation has no effect on firms' profits and therefore it has

  URL: https://www.federalreserve.gov/econres/feds/optimal-monetary-policy-with-state-dependent-pricing.htm
  



• The Fed - Taylor Rules

  rate policy instrument in a systematic manner in response to developments

  URL: https://www.federalreserve.gov/econres/feds/taylor-rules.htm
  

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