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Speech
The national and regional economy
Dudley, William (2015-04-06)
Remarks at the New Jersey Performing Arts Center, Newark, New Jersey.
Speech , Paper 161

Speech
The regional economic outlook
Dudley, William (2015-08-26)
Remarks by William C. Dudley, President and Chief Executive Officer, New York, New York.
Speech , Paper 178

Journal Article
Industrial Production and Capacity Utilization: Annual Revision and 1997 Developments
Raddock, Richard D. (1998-02)
In December 1997, the Board of Governors published the results of an annual revision of its measures of industrial production and capacity utilization, which cover the nation's manufacturing, mining, and electric and gas utilities industries. The revision entailed primarily the incorporation of new and more comprehensive source data, the most important of which were annual figures on industry real output in 1995 and survey information on industry utilization rates for the fourth quarters of 1995 and 1996. The revised measures show stronger growth of production and capacity and lower rates of ...
Federal Reserve Bulletin , Volume 84 , Issue 2 , Pages pp. 77-91

Briefing
The Michigan Surveys of Consumers and consumer spending
Olivei, Giovanni P.; Barnes, Michelle L. (2013)
We provide summary measures for a broad set of questions from the Michigan Surveys of Consumers. These measures summarize consumers' attitudes and expectations with respect to income, wealth, prices, and interest rates. They contain information that goes beyond the information captured by the Michigan Index of Consumer Sentiment, which is constructed from five questions in the same survey. We show that the summary measures have some explanatory power for aggregate consumption behavior over the period from 1987 to the present, even when controlling for economic fundamentals. The explanatory ...
Public Policy Brief

Speech
Beyond the macroeconomy
Dudley, William (2015-11-04)
Remarks at the Economic Press Briefing, Federal Reserve Bank of New York, New York City.
Speech , Paper 183

Journal Article
Fiscal Relief during the COVID-19 Pandemic
Bi, Huixin; Gulati, Chaitri (2021-07-08)
In response to the sharp economic downturn during the COVID-19 pandemic, Congress passed unprecedented policy relief measures to support households, businesses, and the broader economy. Compared with previous fiscal stimulus responses, these relief programs have been unmatched in size and scope, speed of response, and novelty of design.Huixin Bi and Chaitri Gulati review recent empirical research on three fiscal relief programs—stimulus checks, augmented unemployment insurance (UI) benefits, and the Paycheck Protection Program (PPP)—to understand their effects on the broader economy as ...
Economic Review , Volume 106 , Issue no.2 , Pages 5-24

Discussion Paper
Tracking the COVID-19 Economy with the Weekly Economic Index (WEI)
Mertens, Karel; Lewis, Daniel J.; Stock, James H. (2020-08-04)
At the end of March, we launched the Weekly Economic Index (WEI) as a tool to monitor changes in real activity during the pandemic. The rapid deterioration in economic conditions made it important to assess developments as soon as possible, rather than waiting for monthly and quarterly data to be released. In this post, we describe how the WEI has measured the effects of COVID-19. So far in 2020, the WEI has synthesized daily and weekly data to measure GDP growth remarkably well. We document this performance, and we offer some guidance on evaluating the WEI’s forecasting abilities based on ...
Liberty Street Economics , Paper 20200804

Speech
Is the active use of macroprudential tools institutionally realistic?
Dudley, William (2015-10-03)
Panel remarks at the Macroprudential Monetary Policy Conference, Federal Reserve Bank of Boston, Boston, Massachusetts.
Speech , Paper 180

Speech
The U.S. economy and financial system in an international context
Musalem, Alberto G. (2015-06-24)
Remarks at the Institute of International Bankers Annual General Meeting, New York City.
Speech , Paper 174

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