Search Results
Journal Article
How positive are recent employment and labor market trends?
Assessing the state of the economy requires estimates of trends in employment and the labor force. Large monthly fluctuations make it difficult to infer these from monthly data.
Journal Article
The first U.S. quantitative easing: the 1930s
During 1932, with congressional support, the Fed purchased approximately $1 billion in Treasury securities.
Journal Article
Inflation's economic cost: how large? how certain?
Central bankers believe that low inflation and long-term economic growth go hand in hand. The evidence about the costs of inflation, however, is not as clear-cut.
Journal Article
A closer look: assistance programs in the wake of the crisis
An unprecedented amount of aid was extended by the Treasury, Fed and FDIC to companies, agencies and individuals. This aid was necessary and, in many cases, will return a profit to taxpayers.
Journal Article
Japan as a role model?
Some analysts, noting Japan's continued slow deflation, assert that Japan is trapped in a slow-growth, deflationary equilibrium. Former Governor Shirakawa argued that Japan had "gotten out"?at least when judged by the growth of real GDP.>
Journal Article
Bagehot on the financial crises of 1825...and 2008
Conference Paper
Mutual funds and monetary aggregates - introduction
Journal Article
The financial services sector: boom and recession
The fluctuations in home construction (and prices) have been widely discussed, but swings in the financial services sector also are important elements of economic activity within U.S. states.
Working Paper
Productivity measurement and monetary policymaking during the 1990s
The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of the decade and a major topic of debate among Federal Reserve policymakers. A key aspect of the debate was the conflict between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which hinted at an acceleration. Some FOMC members feared an overheating economy and higher inflation; others, including the Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely ...