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The economy at a crossroads
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Stabilization policy: a reconsideration
Yellen, Janet L.
-
Federal Reserve Bank of San Francisco
-
2004
This paper forms the basis for Janet Yellen's Presidential address to the Western Economic Association International, delivered July 1, 2004, in Vancouver, British Columbia.
Persistent link: https://www.econbiz.de/10010724825
Saved in:
2
The
economy
, fiscal policy, and monetary policy
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
Presentation to the Financial Women’s Association of San Francisco, San Francisco, CA, October 15, 2012
Persistent link: https://www.econbiz.de/10010724858
Saved in:
3
Measuring the effect of the zero lower bound on medium- and longer-term interest rates
Swanson, Eric T.
;
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
The zero lower bound on nominal interest rates has constrained the Federal Reserve’s setting of the overnight federal funds rate for over three years running. According to many macroeconomic models, such an extended period of being stuck at the zero bound has important implications for the...
Persistent link: https://www.econbiz.de/10010551214
Saved in:
4
Heeding Daedalus: Optimal inflation and the zero lower bound
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2009
This paper reexamines the implications of the zero lower bound on interest rates for monetary policy and the optimal choice of steady-state inflation in light of the experience of the recent global recession. There are two main findings. First, the zero lower bound did not materially contribute...
Persistent link: https://www.econbiz.de/10008603769
Saved in:
5
The role of monetary policy in bolstering economic growth
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2012
Presentation to the University of San Francisco Center for the Pacific Rim, San Francisco, California, November 14, 2012
Persistent link: https://www.econbiz.de/10010724856
Saved in:
6
Growth effects of shifting from a progressive tax system to a flat tax
Cassou, Stephen P.
;
Lansing, Kevin J.
-
Federal Reserve Bank of San Francisco
-
2002
.S. tax schedule and other features of the U.S.
economy
, we compute the growth and level effects of adopting a revenue …
Persistent link: https://www.econbiz.de/10010702214
Saved in:
7
Comments on "The Revival of Fiscal Policy"
Yellen, Janet L.
-
Federal Reserve Bank of San Francisco
-
2009
Presentation to the Annual AEA/ASSA Conference, San Francisco, CA, January 4, 2009
Persistent link: https://www.econbiz.de/10010724789
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8
The time for austerity: estimating the average treatment effect of fiscal policy
Jordà, Òscar
;
Taylor, Alan M.
-
Federal Reserve Bank of San Francisco
-
2013
Elevated government debt levels in advanced economies have risen rapidly as sovereigns absorbed private sector losses and cyclical deficits blew up in the Global Financial Crisis and subsequent slump. A rush to fiscal austerity followed but its justifications and impacts have been heavily...
Persistent link: https://www.econbiz.de/10011026926
Saved in:
9
Should transportation spending be included in a stimulus program? a review of the literature
Leduc, Sylvain
;
Wilson, Daniel J.
-
Federal Reserve Bank of San Francisco
-
2012
Transportation spending often plays a prominent role in government efforts to stimulate the
economy
during downturns … the
economy
only slowly over time? This paper reviews the empirical findings in the literature for the United States and …
Persistent link: https://www.econbiz.de/10010576001
Saved in:
10
Let’s twist again: a high-frequency event-study analysis of operation twist and its implications for QE2
Swanson, Eric T.
-
Federal Reserve Bank of San Francisco
-
2011
This paper undertakes a modern event-study analysis of Operation Twist and compares its effects to those that should be expected for the recent quantitative policy announced by the Federal Reserve, dubbed "QE2". We first show that Operation Twist and QE2 are similar in magnitude. We identify six...
Persistent link: https://www.econbiz.de/10008862181
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