Search Results
Documents are displayed in order of relevance.
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The Fed - Sticky Leverage: Comment
equilibrium model of Gomes, Jermann, and Schmid (2016, henceforth GJS)...equilibrium in which nominal long-term debt is systematically mispriced
URL: https://www.federalreserve.gov/econres/feds/sticky-leverage-comment.htm
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The Fed - Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation
equilibrium model with incomplete asset markets. We investigate the possibility...equilibrium and the cooperative equilibrium. Unlike the conventional wisdom
URL: https://www.federalreserve.gov/econres/feds/welfare-effects-of-tax-policy-in-open-economies-stabilization-and-cooperation.htm
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The Fed - On Default and Uniqueness of Monetary Equilibria
equilibrium price level and allocations. Our model features trade in fiat...equilibrium, there is indeterminacy. Positive default in every state of
URL: https://www.federalreserve.gov/econres/feds/on-default-and-uniqueness-of-monetary-equilibria.htm
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The Fed - Taxation and the Taylor Principle
equilibrium. When depreciation is treated as a charge against taxable ...equilibrium. These results have obvious implications for assessing the
URL: https://www.federalreserve.gov/econres/feds/taxation-and-the-taylor-principle.htm
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Monetary Policy Strategy and the Anchoring of Long-Run Inflation Expectations
dynamic-stochastic-general-equilibrium models include Chung, Herbst, and...equilibrium real interest rate and persistent disinflation since the 1990s
URL: https://www.federalreserve.gov/econres/feds/files/2025027pap.pdf
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The Fed - Central Bank Digital Currency: A Literature Review
equilibrium, raises the equilibrium deposit rate to be equal to the interest...equilibrium allocation. They show that if households' deposits are exchanged
URL: https://www.federalreserve.gov/econres/notes/feds-notes/central-bank-digital-currency-a-literature-review-20201109.html
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The Fed - The Timing of Consumer Arrivals in Edgeworth's Duopoly Model
equilibrium in prices. One feature of Edgeworth's model is that consumers...equilibrium. It turns out that the existence of Nash equilibrium in prices
URL: https://www.federalreserve.gov/econres/ifdp/the-timing-of-consumer-arrivals-in-edgeworth39s-duopoly-model.htm
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The Fed - Learning Dynamics with Private and Public Signals
equilibrium can differ significantly from that under a planner. In particular...equilibrium and thus firms under the planner generate more information
URL: https://www.federalreserve.gov/econres/feds/learning-dynamics-with-private-and-public-signals.htm
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The Fed - The Usefulness of P* Measures for Japan and Germany
equilibrium price levels (P*) for Japan and Germany following the approach...equilibrium velocity, and the amount of money in the economy. Constructing
URL: https://www.federalreserve.gov/econres/ifdp/the-usefulness-of-p-measures-for-japan-and-germany.htm
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Speech by Vice Chairman Fischer on low interest rates - Federal Reserve Board
equilibrium or natural rate of interest. Knut Wicksell, the great Swedish...equilibrium level of interest rates in his influential work. In his 1898
URL: https://www.federalreserve.gov/newsevents/speech/fischer20161005a.htm
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