Board of Governors of the Federal Reserve System

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• The Fed - Cheap Talk and the Efficacy of the ECB's Securities Market Programme: Did Bond Purchases Matter?

  rates, recession, European Central Bank, asset purchases, euro area DOI

  URL: https://www.federalreserve.gov/econres/ifdp/cheap-talk-and-the-efficacy-of-the-ecb39s-securities-market-programme-did-bond-purchases-matter.htm
  



• The Fed - Global Financial Integration: A Collection of New Research

  rates, emerging market finance PDF: Full Paper Disclaimer: The economic

  URL: https://www.federalreserve.gov/econres/ifdp/global-financial-integration-a-collection-of-new-research.htm
  



• The Fed - Is The Corporate Loan Market Globally Integrated? A Pricing Puzzle

  rate spreads on syndicated loans to corporate borrowers are economically

  URL: https://www.federalreserve.gov/econres/ifdp/is-the-corporate-loan-market-globally-integrated-a-pricing-puzzle.htm
  



• Report to Congress Government-Administered, General-Use Prepaid Cards

  federal, state, or local government office is not the source of funds ...rates for each program with issuers. Government offices also often restrict

  URL: https://www.federalreserve.gov/publications/files/government-prepaid-report-202110.pdf
  



• The Fed - When Uncertainty and Volatility Are Disconnected: Implications for Asset Pricing and Portfolio Performance

  rate in equilibrium. Our empirical analysis shows that the equity premium

  URL: https://www.federalreserve.gov/econres/feds/when-uncertainty-and-volatility-are-disconnected.htm
  



• The Fed - On Returns Differentials

  rate effects. While each decomposition informs thinking about returns

  URL: https://www.federalreserve.gov/econres/ifdp/on-returns-differentials.htm
  



• The Fed - Changes in the Distribution of After-Tax Wealth: Has Income Tax Policy Increased Wealth Inequality?

  rate is the primary reason for the muted effectiveness of the income tax

  URL: https://www.federalreserve.gov/econres/feds/changes-in-the-distribution-of-after-tax-wealth-has-income-tax-policy-increased-wealth-inequality.htm
  



• The Fed - Determining the Motives for a Positive Optimal Tax on Capital

  rate from ordinary capital income. The main finding of this paper is that

  URL: https://www.federalreserve.gov/econres/feds/determining-the-motives-for-a-positive-optimal-tax-on-capital.htm
  



• The Fed - On the Application of Automatic Differentiation to the Likelihood Function for Dynamic General Equilibrium Models

  rate of our optimization algorithm can increase substantially when we

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-application-of-automatic-differentiation-to-the-likelihood-function-for-dynamic-general-equilibrium-models.htm
  



• The Fed - Monetary Policy and the Cyclicality of Risk

  rate, and in line with empirical evidence generates a decline in the equity

  URL: https://www.federalreserve.gov/econres/ifdp/monetary-policy-and-the-cyclicality-of-risk.htm
  

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