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Fiscal volatility shocks and economic activity
Fernandez-Villaverde, Jesus; Guerron-Quintana, Pablo; … - Federal Reserve Bank of Philadelphia - 2011
cycle model calibrated to the U.S. economy. The authors find that fiscal volatility shocks have an adverse effect on …
Persistent link: https://www.econbiz.de/10009216227
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Soverign risk and the effects of fiscal retrenchment in deep recessions
Corsetti, Giancarlo; Kuester, Keith; Meier, Andre; … - Federal Reserve Bank of Philadelphia - 2011
," through which sovereign default risk spills over to the rest of the economy, raising funding costs in the private sector. The … economy can become self-fulfilling. Under these conditions, fiscal retrenchment can limit the risk of macroeconomic …
Persistent link: https://www.econbiz.de/10009320690
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Restoring central banks after the crisis: Re-examining central bank orthodoxy for unorthodox times: Inaugural meeting of the Global Society of Fellows of the Global Interdependence...
Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2012
Presented at the Inaugural meeting of the Global Society of Fellows of the Global Interdependence Center, Banque de France, Paris, France, March 26, 2012
Persistent link: https://www.econbiz.de/10010727088
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Fiscal policy and monetary policy: restoring the boundaries - U.S. Monetary Policy Forum, The Initiative on Global Markets, University of Chicago Booth School of Business, New York...
Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2012
Presented at the U.S. Monetary Policy Forum, The Initiative on Global Markets University of Chicago Booth School of Business, New York, New York, February 24, 2012
Persistent link: https://www.econbiz.de/10010727106
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A perspective on the U.S. economic outlook and monetary policy
Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2013
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, SNS (Center for Business and Policy Studies) and SIFR (The Institute for Financial Research), Stockholm, Sweden
Persistent link: https://www.econbiz.de/10010727158
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A perspective on the U.S. economic outlook and monetary policy
Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2013
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Global Interdependence Center's Central Banking Series: Recovery 2013 — Strength or Stagnation?, Milan, Italy, May 16, 2013 ; Note: President Plosser presented similar remarks on May...
Persistent link: https://www.econbiz.de/10011026977
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Floats, pegs and the transmission of fiscal policy
Corsetti, Giancarlo; Kuester, Keith; Muller, Gernot J. - Federal Reserve Bank of Philadelphia - 2011
standard New Keynesian model of a small open economy. Because of the stronger emphasis on intertemporal optimization, the New …
Persistent link: https://www.econbiz.de/10008852842
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Macroeconomic dynamics near the ZLB: a tale of two equilibria
Aruoba, S. Boragan; Schorfheide, Frank - Federal Reserve Bank of Philadelphia - 2013
. We use the particle filter to estimate the state of the U.S. economy during and after the 2008-09 recession under the … assumptions that the U.S. economy has been in either the targeted-inflation or the sunspot equilibrium. We consider a combination …
Persistent link: https://www.econbiz.de/10010681653
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Perspectives on the U.S. economy and monetary policy
Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2014
the Fed faces a communications challenge with the economy so close to the unemployment threshold of 6.5 percent. He then …
Persistent link: https://www.econbiz.de/10010747507
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Perspectives on the U.S. economy and monetary policy
Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2014
the Fed faces a communications challenge with the economy so close to the unemployment threshold of 6.5 percent. He gave …
Persistent link: https://www.econbiz.de/10010752598