Search Results

Showing results 1 to 2 of approximately 2.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Bae, Jaeheung 

Journal Article
Tracking U.S. GDP in Real Time
Measuring the current state of the U.S. economy in real time is an important but challenging task for monetary policymakers. The most comprehensive measure of the state of the economy?real gross domestic product?is available at a relatively low frequency (quarterly) and with a significant delay (one month). To obtain more timely assessments of the state of the economy, the Federal Reserve Bank of Kansas City has developed a GDP tracking model that combines new econometric methods with two conventional approaches to estimating GDP. {{p}} Taeyoung Doh and Jaeheung Bae review the Kansas City Fed model?s underlying details and illustrate its performance by comparing the model?s tracking estimates to those from other real-time tracking models. Their results suggest the Kansas City Fed model provides a useful tool for policymakers by combining estimates and forecasts from factor and accounting-based models.
AUTHORS: Doh, Taeyoung; Bae, Jaeheung
DATE: 2019

Journal Article
The Fiscal Stance of U.S. States
We study the fiscal stance of U.S. states through the lens of state reserve funds. We find that the overall rainy day and unemployment insurance funds have largely recovered since the start of the Great Recession but at an uneven pace across states. More importantly, we find that states are better prepared to meet their own budgetary shortfalls in the event of a downturn than the shortfalls of households.
AUTHORS: Bae, Jaeheung; Bi, Huixin
DATE: 2018-Nov

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

C50 1 items

E23 1 items

E60 1 items

PREVIOUS / NEXT