Speech
Communicating about Monetary Policy: A speech at Central Bank Communications: Theory and Practice,” a conference hosted by the Federal Reserve Bank of Cleveland, Cleveland, Ohio., May 13, 2024
Jefferson, Philip N. (2024-05-13)
Speech

Speech
The Fed's Discount Window: 1990 to the Present: A speech at the Charlotte Economics Club, Charlotte, North Carolina., October 9, 2024
Jefferson, Philip N. (2024-10-09)
Speech

Speech
U.S. Economic Outlook and Monetary Policy Transmission: A speech Beyond the Business Cycle: Adapting to a New Global Paradigm" 65th Annual Meeting of the National Association for Business Economics, Dallas, Texas, October 09, 2023
Jefferson, Philip N. (2023-10-09)
Speech

Speech
Is This Time Different? Recent Monetary Policy Cycles in Retrospect: A speech at the Peterson Institute for International Economics, Washington, D.C., February 22, 2024
Jefferson, Philip N. (2024-02-22)
Speech

Speech
On the Assessment of Current Monetary Policy: A speech at the "How to Get Back on Track: A Policy Conference," Hoover Institution, Stanford, California, May 12th 2023
Jefferson, Philip N. (2023-05-12)
Speech

Speech
Technology’s Impact on the Post-Pandemic Economy: At “Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,” a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond October 4th 2022
Jefferson, Philip N. (2022-10-04)
Speech

Speech
Financial Stability and the U.S. Economy, A speech at the 22nd Annual International Conference on Policy Challenges for the Financial Sector, Washington, D.C., May 31st 2023
Jefferson, Philip N. (2023-05-31)
Speech

Speech
Research and Statistics Centennial Anniversary: Past, Present and Future: A Speech at A Look at the Past, Present, and Future," a conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, D.C., November 8, 2023
Jefferson, Philip N. (2023-11-08)
Speech

Speech
Discussion of the Paper "Managing Disinflations" by Stephen G. Cecchetti, Michael E. Feroli, Peter Hooper, Frederic S. Mishkin, and Kermit L. Schoenholtz: At the U.S. Monetary Policy Forum, New York, New York February 24, 2023
Jefferson, Philip N. (2023-02-24)
Speech

Working Paper
'Home' base and monetary base rules: elementary evidence from the 1980s and 1990s
Jefferson, Philip N. (1997)
This paper evaluates the quantitative importance of removing U.S. currency held abroad from the monetary base. We find that a simple macroeconometric model that uses home base has more explanatory power for changes in nominal income than a model using the total base. Moreover, proposed base rules for the conduct of monetary policy perform better when the model for home base is employed. The evidence from our elementary exercises suggests that accounting for foreign holdings of U.S. currency may also be important in other contexts.
Finance and Economics Discussion Series , Paper 1997-21