Board of Governors of the Federal Reserve System

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• The Fed - HANK Comes of Age: Monetary Policy with Heterogeneous Overlapping Generations

  key state variable that links multiple dimensions of heterogeneity: young

  URL: https://www.federalreserve.gov/econres/feds/hank-comes-of-age.htm
  



• Trade Uncertainty and U.S. Bank Lending

  key mechanisms through which banks’ exposure to trade uncertainty affects...key measure of bank exposure to trade uncertainty by combining loan exposures

  URL: https://www.federalreserve.gov/econres/ifdp/files/ifdp1383.pdf
  



• The Fed - A Solution to the Default Risk-Business Cycle Disconnect

  key for these results: (1) working capital loans pay for imported inputs

  URL: https://www.federalreserve.gov/econres/ifdp/a-solution-to-the-default-risk-business-cycle-disconnect.htm
  



• The Fed - Uncertainty Over Models and Data: The Rise and Fall of American Inflation

  key point is that the data uncertainty is amplified by the nonlinearity

  URL: https://www.federalreserve.gov/econres/ifdp/uncertainty-over-models-and-data-the-rise-and-fall-of-american-inflation.htm
  



• The Fed - Monetary Policy Independence in the ERM: Was There Any?

  key exchange rates have become fashionable. One proposal, for example,

  URL: https://www.federalreserve.gov/econres/ifdp/monetary-policy-independence-in-the-erm-was-there-any.htm
  



• The Fed - Exchange Rate Disconnect and the Trade Balance

  parity—the primary source of exchange rate fluctuations in the literature—account...key to properly identifying the determinants of the exchange rate. Thus

  URL: https://www.federalreserve.gov/econres/ifdp/exchange-rate-disconnect-and-the-trade-balance.htm
  



• The Fed - Financial Intergration in the European Community

  Key Abstract: The EC program to complete the internal market is designed

  URL: https://www.federalreserve.gov/econres/ifdp/financial-intergration-in-the-european-community.htm
  



• The Fed - General-to-specific Modeling: An Overview and Selected Bibliography

  key to the development of general-to-specific modeling. Full paper (screen

  URL: https://www.federalreserve.gov/econres/ifdp/general-to-specific-modeling-an-overview-and-selected-bibliography.htm
  



• The Fed - Devaluation, Exchange Controls, and Black Markets for Foreign Exchange in Developing Countries

  key external balance indicators to anticipated devaluations. The model

  URL: https://www.federalreserve.gov/econres/ifdp/devaluation-exchange-controls-and-black-markets-for-foreign-exchange-in-developing-countries.htm
  



• The Fed - Credit Default Swaps

  key indicators of investors’ attitudes toward credit risk--and briefly

  URL: https://www.federalreserve.gov/econres/feds/credit-default-swaps.htm
  

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