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Series:Macro Bulletin 

Journal Article
Consumer debt dynamics : an update

Macro Bulletin

Journal Article
What Could Resurging U.S. Energy Production Mean for the U.S. Trade Deficit?

Macro Bulletin

Journal Article
Wage Leaders and Laggards: Decomposing the Growth in Average Hourly Earnings

Wage growth has accelerated gradually over the past two years, largely due to a pickup in wage growth in a few industries ? the wage leaders. {{p}} Another, larger group of industries ? the wage laggards ? has not contributed at all to the acceleration. But the wage laggards have seen relatively strong growth in hours worked over the past two years, indicating rising labor demand that could lead to a further acceleration in overall wage growth.
Macro Bulletin

Journal Article
Understanding Hawks and Doves

How do hawks and doves on the Federal Open Market Committee differ in their views of appropriate monetary policy and their related projections for inflation and unemployment? We find that hawks project higher inflation despite building tighter policy paths into their projections. Doves project lower inflation despite having easier policy paths, although their projections are somewhat closer to the median. In addition, hawks see a steeper inflation-unemployment tradeoff than doves up to a one-year horizon.
Macro Bulletin , Issue June 27, 2018 , Pages 1-4

Journal Article
Evolving market perceptions of Federal Reserve policy objectives

Macro Bulletin

Journal Article
Estimating the monetary policy rule perceived by forecasters

Brent Bundick examines whether the FOMC?s implicit monetary policy rule, as perceived by professional forecasters, changed when the federal funds rate reached its effective lower bound.
Macro Bulletin

Journal Article
China’s slowing housing market and GDP growth.

Macro Bulletin

Journal Article
The wage cycle and shadow labor supply

Macro Bulletin

Journal Article
Are longer-term inflation expectations stable?

Bundick and Hakkio use survey data to evaluate the stability of forecasters' long-term inflation expectations.
Macro Bulletin

Journal Article
The long-term outlook for U.S. residential construction

The recovery of U.S. housing construction paused during the first half of 2013. Stronger growth is likely to resume in the near term. But over the long term, home construction is likely to contract as aging baby boomers downsize.
Macro Bulletin

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