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Uniform working hours and structural unemployment

Liu, Haoming (contributor); Wen, Yi (contributor); … - 2005

working schedules. This simple model can generate unemployment, even if wages adjust instantaneously, firms are perfectly … alternative explanation for why unskilled workers are a primary source of structural unemployment"--Federal Reserve Bank of St …

Persistent link: https://www.econbiz.de/10002956728

A Bayesian approach to counterfactual analysis of structural change

Kim, Chang-jin (contributor); Morley, James C. (contributor) - 2004 - [Elektronische Ressource], rev.

Persistent link: https://www.econbiz.de/10002496905

Some problems with current price indexes

Cukierman, Alex; Santoni, G. J. - Federal Reserve Bank of St. Louis - 1987

Persistent link: https://www.econbiz.de/10005352855

Connectionist-based rules describing the pass-through of individual goods prices into trend inflation in the United States

Anderson, Richard G.; Binner, Jane M.; Schmidt, Vincent A. - Federal Reserve Bank of St. Louis - 2011

This paper examines the inflation "pass-through" problem in American monetary policy, defined as the relationship …

Persistent link: https://www.econbiz.de/10008852831

Who benefits from increased government spending? a state-level analysis

Owyang, Michael T.; Zubairy, Sarah - Federal Reserve Bank of St. Louis - 2009

We simultaneously identify two government spending shocks: military spending shocks as defined by Ramey (2008) and federal spending shocks as defined by Perotti (2008). We analyze the effect of these shocks on state-level personal income and employment. We find regional patterns in the manner in...

Persistent link: https://www.econbiz.de/10004973900

The microstructure of treasury market tatonnement

Mizrach, Bruce Marshall (contributor); … - 2005 - rev.

Persistent link: https://www.econbiz.de/10003344895

Inflation: do expectations trump the gap?

Piger, Jeremy M.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2006

” variables, and long-horizon inflation forecasts for explaining the U.S. inflation rate in the post-war period. For alternative … specifications for the inflation driving process and measures of inflation and the gap we reach a similar conclusion: the … contribution of changes in long-horizon inflation forecasts dominates that for the gap and supply shock variables. Put another way …

Persistent link: https://www.econbiz.de/10005360551

The microstructure of the U.S. treasury market

Mizrach, Bruce; Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2007

This article discusses the microstructure of the U.S. Treasury securities market. Treasury securities are nominally riskless debt instruments issued by the U.S. government. Microstructural analysis is a field of economics/finance that examines the roles played by heterogenous agents,...

Persistent link: https://www.econbiz.de/10005707700

The unusual behavior of the federal funds and 10-year Treasury rates: a conundrum or Goodhart’s Law?

Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2008

In February 2005, former Chairman Alan Greenspan referred to the decline in long-term rates in the wake of the Fed increasing the target for the federal funds rate by 150 basis points as a “conundrum.” Greenspan’s remarks generated considerable interest and research. I show that the...

Persistent link: https://www.econbiz.de/10005490923

Business cycle phases in U.S. states

Owyang, Michael T. (contributor); … - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001979872