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2019 / No. 5
Posted 2019-02-08

A Closer Look at China’s Supposed Misappropriation of U.S. Intellectual Property

by Ana Maria Santacreu and Makenzie Peake

China has significantly increased its payments for the use of U.S. intellectual property.

2019 / No. 4
Posted 2019-02-01

The Global Decline of the Natural Rate of Interest and Implications for Monetary Policy

by Sungki Hong and Hannah G. Shell

A low natural rate of interest in normal times may call for unconventional policy in recessions. 

2019 / No. 2
Posted 2019-01-15

Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 1

by Kevin L. Kliesen

The Taylor rule indicates the current federal funds target rate should be higher.

2019 / No. 3
Posted 2019-01-15

Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 2

by Kevin L. Kliesen

The past period’s policy rate is extraordinarily important for setting the current period’s policy rate in the modernized Taylor rule.

2019 / No. 1
Posted 2019-01-11

Whither the Price of Bitcoin?

by David Andolfatto and Andrew Spewak

The total value of Bitcoin has declined as a share of all cryptocurrencies.


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