Search Results
Showing results 1 to 10 of approximately 19.
(refine search)
Discussion Paper
Hanging on Every Word : Semantic Analysis of the FOMC's Postmeeting Statement
The Federal Open Market Committee's (FOMC or "Committee") postmeeting statements constitute one of the key vehicles through which the Committee communicates its assessment of the economy, its policy actions, and its thinking about future policy.
Discussion Paper
Changes in Women's Representation in Economics: New Data from the AEA Papers and Proceedings
The shortage of women and historically underrepresented racial and ethnic groups in the economics profession has received considerable public attention in the past several years. The American Economic Association (AEA), the professional organization for economists, has been taking steps to address criticism that the economics discipline is unwelcoming to women and underrepresented minorities.
Discussion Paper
What Happened in Money Markets after the Fed's December Rate Increase?
At its December 2015 meeting, the Fed's policymaking committee, the Federal Open Market Committee (FOMC), announced an increase in the target range for the federal funds rate of 25 basis points, the first increase in the policy rate since June 2006.
Journal Article
U.S. international transactions in 1988
Working Paper
Using external sustainability to forecast the dollar
The sizable run-up in U.S. external debt over the 1980s has prompted many to ask whether continued current account deficits of the magnitude witnessed can be sustained. In several recent papers, different authors have concluded that a given path of the dollar is unsustainable. The conclusion drawn in these earlier papers does not allow for the substantial uncertainty that surrounds this issue, however. There is uncertainty about the estimated model of the U.S. current account that is used to generate the net demand for foreign assets for a given path of the dollar, about the preferences of ...
Conference Paper
Monetary integration in East Asia
Working Paper
Computers and the trade deficit: the case of the falling prices
This paper investigates two issues related to international trade in computers: measurement and prediction. Because of the rapid technological advancement in the computer industry, the Bureau of Economic Analysis (BEA) measures computer prices using techniques that adjust for quality change. The constructed hedonic index is essentially a domestic price measure, but the BEA uses it for the deflation of international sales and purchases of computers. This paper begins with a review of the theory behind hedonic price indexes, and then proceeds to discuss the concerns that arise when a domestic ...
Discussion Paper
The FOMC Meeting Minutes: An Update of Counting Words
An earlier Feds note provided information about the structure of the FOMC meeting minutes and the use of "quantitative" or "counting" words to characterize the number of policymakers aligned with particular views. This note extends that analysis through 2016.
Working Paper
Regional influences on U.S. monetary policy: some implications for Europe
This paper looks at the monetary policy decisions of the U.S. Federal Reserve and asks whether those decisions have been influenced solely by national concerns, or whether regional factors have played a role. All of the Federal Reserve's policymakers have some regional identity, i.e., either their positions explicitly carry some regional affiliation or their region of origin is a factor that must be considered in the selection process. This research is relevant for the Fed, and it may also be relevant for Europe's fledgling central bank in Frankfurt. Critics have asserted that ECB ...
Journal Article
Exchange rates, adjustment, and the J-curve