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Series:FEDS Notes 

Discussion Paper
The Persistent Urban Shortfall in Leisure and Hospitality Employment

As a high-contact service sector with limited capacity for remote work, the US leisure and hospitality sector—which includes restaurants, bars, hotels, museums, and movie theaters—was hit particularly hard by the COVID-19 pandemic. In the first two months of the pandemic, leisure and hospitality lost over 8 million jobs, nearly half its employment (Figure 1, solid red line).
FEDS Notes , Paper 2023-07-28-1

Discussion Paper
The Expected Real Interest Rate in the Long Run : Time Series Evidence with the Effective Lower Bound

In response to the global financial crisis, the Federal Open Market Committee lowered the target for the federal funds rate to a range of 0 to 25 basis points in December 2008, and maintained that target range until the end of 2015. Over that same period, longer-term interest rates in the United States were at historically low levels.
FEDS Notes , Paper 2016-02-09

Discussion Paper
U.S. Interest Rates and Emerging Market Currencies: Taking Stock 10 Years After the Taper Tantrum

In 2013, a shift in expectations of market participants for the timing of the tapering of the Federal Reserve's asset purchases, and its ramifications for normalization of U.S. monetary policy, led to sharp increases in longer-term U.S. Treasury yields and volatility in broader financial markets. The episode came to be known as the "taper tantrum" because the strong market reaction came in response to Federal Reserve communications that were largely consistent with market analysts' expectations.
FEDS Notes , Paper 2023-10-04

Discussion Paper
2nd Annual International Roles of the U.S. Dollar Conference

The U.S. dollar plays a central role in the global economy. In addition to being the most widely used currency in foreign exchange transactions, it represents the largest share in official reserves, international debt securities and loans, cross-border payments, and trade invoicing.
FEDS Notes , Paper 2023-06-23-4

Discussion Paper
Inflation Perceptions During the Covid Pandemic and Recovery

Since 2016, the Michigan Surveys of Consumers (MSC) have included questions on inflation perceptions—what people believe inflation to have been—that are worded symmetrically with their long-standing questions on inflation expectations. The questions on inflation perceptions are currently posed four times a year—in February, May, August, and November. Using available data at the time, Axelrod, Lebow, and Peneva (2018) concluded that inflation expectations and perceptions are very similar and that if perceptions were to change, expectations were likely to change as well.
FEDS Notes , Paper 2024-01-19-3

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Discussion Paper 1034 items

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Hannon, Simona 49 items

Flagg, Jessica N. 44 items

de Soyres, Francois 41 items

Palazzo, Berardino 35 items

Bord, Vitaly M. 34 items

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