Similar Search Results

How well does the Beige Book reflect economic activity? Evaluating qualitative information quantitatively

Balke, Nathan S.; D'Ann Petersen - Federal Reserve Bank of Dallas - 1998

Eight times a year, approximately two weeks before every FOMC meeting, the Federal Reserve releases a description of economic conditions in the twelve Federal Reserve districts. Called the Beige Book, this description relies primarily on surveys and anecdotal evidence gathered by the twelve...

Persistent link: https://www.econbiz.de/10005346073

The policy sensitivity of industries and regions

Taylor, Lori L.; Yücel, Mine K. - Federal Reserve Bank of Dallas - 1996

Persistent link: https://www.econbiz.de/10005346103

Energy prices and aggregate economic activity: an interpretive survey

Brown, Stephen P. A.; Yücel, Mine K. - Federal Reserve Bank of Dallas - 2001

In this paper, we survey the theory and evidence linking fluctuations in energy prices to aggregate economic activity. We then briefly examine the implications of this research for both monetary policy and energy policy in response to oil price shocks. Research seems to provide relatively...

Persistent link: https://www.econbiz.de/10005346117

Has monetary policy become less effective?

Haslag, Joseph H. - Federal Reserve Bank of Dallas - 1999

High-powered money has been declining relative to nominal GDP in the United States. Does the ability of monetary policy to affect aggregate activity decline as the money-income ratio falls? In this paper, I specify simple model economy, examining the effects that monetary policy actions and...

Persistent link: https://www.econbiz.de/10005346128

Revenue-maximizing monetary policy

Haslag, Joseph H.; Young, Eric R. - Federal Reserve Bank of Dallas - 1998

is bank deposits against which reserves must be held and the other is a nonbank intermediary. Thus, growth-rate effects …

Persistent link: https://www.econbiz.de/10005346141

The monetary policy effects on seigniorage revenue in a simple growth model.

Haslag, Joseph H. - Federal Reserve Bank of Dallas - 1996

Persistent link: https://www.econbiz.de/10005346142

Optimal monetary policy under financial sector risk

Davis, Scott; Huang, Kevin X.D. - Federal Reserve Bank of Dallas - 2011

We consider whether or not a central bank should respond directly to financial market conditions when setting monetary … policy. Specifically, should a central bank put weight on interbank lending spreads in its Taylor rule policy function … and the Effects of Risk in the both the Real and Financial Sectors" Federal Reserve Bank of Dallas, Globalization and …

Persistent link: https://www.econbiz.de/10009292919

Monetary policy, capital inflows, and the housing boom

Sá, Filipa; Wieladek, Tomasz - Federal Reserve Bank of Dallas - 2011

We estimate an open economy VAR model to quantify the effect of monetary policy and capital inflows shocks on the US housing market. The shocks are identified with sign restrictions derived from a standard DSGE model. We find that monetary policy shocks have a limited effect on house prices and...

Persistent link: https://www.econbiz.de/10009292920

Welfare costs of inflation and the circulation of U. S. currency abroad

Calza, Alessandro; Zaghini, Andrea - Federal Reserve Bank of Dallas - 2011

Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using monetary data adjusted for U.S. dollars abroad, we show that the...

Persistent link: https://www.econbiz.de/10009292921

Do banking shocks matter for the U.S. economy?

Hirakata, Naohisa; Sudo, Nao; Ueda, Kozo - Federal Reserve Bank of Dallas - 2011

The quantitative significance of shocks to the financial intermediary (FI) has not received much attention up to now. We estimate a DSGE model with what we describe as chained credit contracts, using Bayesian technique. In the model, credit-constrained FIs intermediate funds from investors to...

Persistent link: https://www.econbiz.de/10009292923