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Persistent link: https://www.econbiz.de/10003012064
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This paper introduces Heckscher-Ohlin trade features into a two-country dynamic stochastic general equilibrium model, and studies the international transmission of productivity shocks through trade in goods. This framework improves upon existing international real business cycle models in that...
Persistent link: https://www.econbiz.de/10004970364
This paper examines welfare-maximizing monetary policy in an estimated dynamic stochastic general equilibrium model of the U.S. economy where the policymaker faces uncertainty about the true values of model parameters. Uncertainty about parameters describing preferences and technology implies...
Persistent link: https://www.econbiz.de/10011082055
The U.S. economy is likely to reach the Federal Reserve’s maximum employment goal later this year. Although inflation has remained persistently low, it is expected to return to the Fed’s 2% target over the next few years. Due to the lags between monetary policy’s implementation and its...
Persistent link: https://www.econbiz.de/10011200272
A series of essays authored by San Francisco Fed President and CEO John C. Williams, Senior Vice President and Associate Director of Research Mary C. Daly, Research Associate Yifan Cao, and Senior Economic Education Manager Jody Hoff, argue that the answer to the questions 'Does college matter?'...
Persistent link: https://www.econbiz.de/10011240606
Presentation to the Conference on Asian Banking and Finance at the Federal Reserve Bank of San Francisco, San Francisco, CA, June 11, 2012
Persistent link: https://www.econbiz.de/10010724765
Presentation to the California Bankers Association, 121st Annual Convention, Dana Point, CA, May 4, 2012
Persistent link: https://www.econbiz.de/10010724766
Presentation to Seattle-Area community leaders, Bellevue, WA, June 6, 2012
Persistent link: https://www.econbiz.de/10010724768
Presentation at the Central Bank of Chile, Fourth Summit Meeting of Central Banks on Inflation Targeting, Santiago, Chile, November 18, 2011
Persistent link: https://www.econbiz.de/10010724769