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The dollar and the federal funds rate
Working Paper
Money, sticky wages, and the Great Depression
This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States. The impulses to our analysis are money supply shocks. The Taylor contracts model is surprisingly successful in accounting for the behavior of major macroaggregates and real wages during the downturn phase of the Depression, i.e., from 1929:3 through mid-1933. Our analysis provides support for the hypothesis that a monetary contraction operating through a sticky wage channel played a ...
Working Paper
Seasonality and equilibrium business cycle theories
Speech
Economic Update
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Michigan Bankers Association, Dearborn, MI
Speech
Recurring Themes for the New Year
A speech delivered on January 15, 2014, at the Corridor Economic Forecast Luncheon in Coralville, IA.
Speech
Unprecedented Times in our Economy
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Fond du Lac Area Association of Commerce Fond du Lac, WI
Speech
IL Wesleyan University Associates Business Luncheon
Remarks for the IL Wesleyan University Associates Business Luncheon, May 14, 2010 Bloomington, IN
Speech
Economic Outlook and Policy
Remarks delivered by Charles Evans before the Evanston Civic Leaders Breakfast on October 19, 2010, in Evanston, Ill.