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Drudi, Francesco; Giordano, Raffaela - 1997

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Sentiment of the FOMC : unscripted

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The President versus the Senate : appointments in the American system of separated powers and the Federal Reserve

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A bargaining model of partisan appointments to the central bank

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Adjustment is much slower than you think

Caballero, Ricardo J.; Engel, Eduardo - 2003

holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …

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