This paper explores how exogenous impulses to monetary policy affect the yield curve for nominally risk-free bonds. We identify monetary policy shocks using three distinct variants of the identified VAR methodology. All three approaches imply similar patterns for the effect of monetary policy...

We study the effect of different types of macroeconomic impulses on the nominal yield curve. We employ two distinct approaches to identifying economic shocks in VARs. Our first approach uses a structural VAR due to Galí (1992). Our second strategy identifies fundamental impulses from...

We present a model embodying moderate amounts of nominal rigidities which accounts for the observed inertia in inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after an expansionary shock to monetary policy. Of these...

A speech delivered on February 4, 2014, at the Detroit Economic Club in Detroit, MI.

Remarks by Charles L. Evans President and Chief Executive Officer Federal Reserve Bank of Chicago U.S. Monetary Policy Forum University Club of New York New York, New York

Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Conference Banque de France - Federal Reserve Bank of Chicago "Asset Price Bubbles and Monetary Policy" Paris, France

Remarks by Charles L. Evans, President and Chief Executive Officer,Federal Reserve Bank of Chicago Harper College Economic Forum Harper College Palatine, Illinois