Search Results
Journal Article
The 2001 recession and the Chicago Fed National Index: identifying business cycle turning points
The initial release of the Chicago Fed National Activity Index (CFNAI) in early 2001 pointed to the very real possibility that the U.S. economy was teetering on the brink of recession. This article quantifies the statistical ability of the CFNAI to act as an early warning indicator of economic recessions. In simulation experiments, the CFNAI performed virtually as well as the statistical model's ideal measure of the business cycle.
Speech
Among Opposing Forces
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago McLean County Chamber of Commerce, Bloomington, Illinois
Speech
The Great Inflation 2.0 Debate
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Council on Foreign Relations New York, NY
Journal Article
Interest rate shocks and the dollar
Working Paper
Economic determinants of the nominal treasury yield curve
We study the effect of different types of macroeconomic impulses on the nominal yield curve. We employ two distinct approaches to identifying economic shocks in VARs. Our first approach uses a structural VAR due to Gal (1992). Our second strategy identifies fundamental impulses from alternative empirical measures of economic shocks proposed in the literature. We find that most of the long-run variability of interest rates of all maturities is driven by macroeconomic impulses. Shocks to preferences for current consumption consistently induce large, persistent, and statistically significant ...
Speech
Should Monetary Policy Prevent Bubbles
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Conference Banque de France - Federal Reserve Bank of Chicago "Asset Price Bubbles and Monetary Policy" Paris, France
Speech
Challenges that the Recent Financial Market Turmoil Places on our Macroeconomic Toolkit
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Swiss National Bank Research Conference Zurich, Switzerland
Speech
Economic Outlook and Policy
Remarks delivered by Charles Evans before the Evanston Civic Leaders Breakfast on October 19, 2010, in Evanston, Ill.
Speech
Bank of Korea International Conference Panel Comments
Remarks for the Bank of Korea International Conference 2010, June 1, 2010 Seoul, Korea
Speech
Recurring Themes for the New Year
A speech delivered on January 15, 2014, at the Corridor Economic Forecast Luncheon in Coralville, IA.