Board of Governors of the Federal Reserve System

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• The Fed - Do Mortgage Subsidies Help or Hurt Borrowers?

  rates and increasing house prices. I show analytically the role of mortgage

  URL: https://www.federalreserve.gov/econres/feds/do-mortgage-subsidies-help-or-hurt-borrowers.htm
  



• The Fed - The Risk-Adjusted Monetary Policy Rule

  rate to which inflation will eventually converge---which can be undesirable

  URL: https://www.federalreserve.gov/econres/feds/the-risk-adjusted-monetary-policy-rule.htm
  



• The Fed - Limited Market Participation and Asset Prices in the Presence of Earnings Management

  rates in the recent years. Full paper (screen reader version) Keywords

  URL: https://www.federalreserve.gov/econres/ifdp/limited-market-participation-and-asset-prices-in-the-presence-of-earnings-management.htm
  



• The Fed - Why has Trade Grown Faster than Income?

  rates are associated with growth in the ratio. There are important differences

  URL: https://www.federalreserve.gov/econres/ifdp/why-has-trade-grown-faster-than-income.htm
  



• The Fed - Hysteresis in a Simple Model of Currency Substitution

  rate of inflation can drive the economy to a dollarized equilibrium in

  URL: https://www.federalreserve.gov/econres/ifdp/hysteresis-in-a-simple-model-of-currency-substitution.htm
  



• The Fed - Forecast Uncertainty in Economic Modeling

  rate help clarify the issues involved. Full paper (1319 KB Postscript)

  URL: https://www.federalreserve.gov/econres/ifdp/forecast-uncertainty-in-economic-modeling.htm
  



• The Fed - Long Memory in Emerging Market Stock Returns

  rate returns. This paper applies the log-periodogram regression to a wide

  URL: https://www.federalreserve.gov/econres/ifdp/long-memory-in-emerging-market-stock-returns.htm
  



• The Fed - Understanding the Great Recession

  rate. Our model does a good job of accounting for the joint behavior of

  URL: https://www.federalreserve.gov/econres/ifdp/understanding-the-great-recession.htm
  



• The Fed - The scarcity value of Treasury collateral: Repo market effects of security-specific supply and demand factors

  rates of all outstanding U.S. Treasury securities. We find an economically

  URL: https://www.federalreserve.gov/econres/feds/the-scarcity-value-of-treasury-collateral-repo-market-effects-of-security-specific-supply-and-demand-factors.htm
  



• The Fed - Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective

  rates across all survey responses during a mass layoff, the paper finds

  URL: https://www.federalreserve.gov/econres/feds/reconsidering-the-consequences-of-worker-displacements-firm-versus-worker-perspective.htm
  

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