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Fujita, Shigeru; Moscarini, Giuseppe - Federal Reserve Bank of Philadelphia - 2013

market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …

Persistent link: https://www.econbiz.de/10010732483

Economic outlook and challenges for monetary policy: a speech at the Philadelphia Chapter of the Risk Management Association, Philadelphia, PA, January 11, 2011

Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2011

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> The Philadelphia Chapter of the Risk Management Association, Philadelphia, PA, January 11, 2011

Persistent link: https://www.econbiz.de/10010727091

Economic prospects and monetary policy for the new year; 33rd Annual Economic Seminar, January 11, 2012, Rochester, New York

Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2012

Economic Prospects and Monetary Policy for the New Year> 33rd Annual Economic Seminar, January 11, 2012, Rochester, New York

Persistent link: https://www.econbiz.de/10010727157

Monetary policy with heterogeneous agents

Gornemann, Nils; Kuester, Keith; Nakajima, Makoto - Federal Reserve Bank of Philadelphia - 2012

We build a New Keynesian model in which heterogeneous workers differ with regard to their employment status due to search and matching frictions in the labor market, their potential labor income, and their amount of savings. We use this laboratory to quantitatively assess who stands to win or...

Persistent link: https://www.econbiz.de/10010570546

Monetary policy: decision-making, tools, and objectives

Anderson, Clay J. - 1961

Persistent link: https://www.econbiz.de/10002956434

Economic insights

Federal Reserve Bank of Philadelphia - Philadelphia, Pa. : Federal Reserve Bank of Philadelphia - Volume 1, issue 1 (1st quarter 2016)-

Persistent link: https://www.econbiz.de/10012207426

Trade adjustment dynamics and the welfare gains from trade

Alessandria, George; Choi, Horag; Ruhl, Kim J. - Federal Reserve Bank of Philadelphia - 2014

We build a micro-founded two-country dynamic general equilibrium model in which trade responds more to a cut in tariffs in the long run than in the short run. The model introduces a time element to the fixed-variable cost trade-off in a heterogeneous producer trade model. Thus, the dynamics of...

Persistent link: https://www.econbiz.de/10010762570

Sourcing substitution and related price index biases

Nakamura, Alice O.; Diewert, W. Erwin; Greenlees, John S.; … - Federal Reserve Bank of Philadelphia - 2014

We define a class of bias problems that arise when purchasers shift their expenditures among sellers charging different prices for units of precisely defined and interchangeable product items that are nevertheless regarded as different for the purposes of price measurement. For...

Persistent link: https://www.econbiz.de/10010961576

Microeconomic uncertainty, international trade, and aggregate fluctuations

Alessandria, George; Choi, Horag; Kaboski, Joseph P.; … - Federal Reserve Bank of Philadelphia - 2014

The extent and direction of causation between micro volatility and business cycles are debated. We examine, empirically and theoretically, the source and effects of fluctuations in the dispersion of producer-level sales and production over the business cycle. On the theoretical side, we study...

Persistent link: https://www.econbiz.de/10010941010

A quantitative analysis of the u.s. housing and mortgage markets and the foreclosure crisis

Chatterjee, Satyajit; Eyigungor, Burcu - Federal Reserve Bank of Philadelphia - 2015

mortgage interest payments were not tax deductible. Temporarily higher inflation might have lowered the foreclosure rate as …

Persistent link: https://www.econbiz.de/10011206262

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