Results 1 - 30 of 34 for Federal Funds Rate [Author: Kevin L. Kliesen]
Macroeconomic News and Real Interest Rates - Review
Economic news affects the perceptions of investors, forecasters, and policymakers about the economy. The authors evaluate the responses of the yield of 10-year TIIS to nearly 3 dozen macroeconomic announcements and find that the real long-term interest rate responds to surprises in a handful of key macroeconomic indicators (e.g., labor productivity growth).
research.stlouisfed.org/.../review/2006/03/01/macroeconomic-news-and-real-interest-rates
Recession Signals: The Yield Curve vs. Unemployment Rate Troughs - Economic Synopses
Both the yield curve and the unemployment rate tend to reliably predict recessions.
research.stlouisfed.org/.../06/01/recession-signals-the-yield-curve-vs-unemployment-rate-troughs/
The Federal Debt: Too Little Revenue or Too Much Spending - Economic Synopses
The rise in the national debt... is entirely a consequence of the federal government’s increase of expenditures without an offsetting increase in revenues.
research.stlouisfed.org/.../2011/07/07/the-federal-debt-too-little-revenue-or-too-much-spending
Federal Reserve Lending to Troubled Banks During the Financial Crisis, 2007-2010 - Review
Numerous commentaries have questioned both the legality and appropriateness of Federal Reserve lending to banks during the recent financial crisis. This article addresses two questions motivated by such commentary: Did the Federal Reserve violate either the letter or spirit of the law by lending to undercapitalized banks? Did Federal Reserve credit constitute a large fraction of the deposit liabilities of failed banks during their last year before failure?
Bad Medicine? Federal Debt and Deficits after COVID-19 - Economic Synopses
The government’s response to stem the pandemic has resulted in an erosion in public finances.
research.stlouisfed.org/.../2020/05/26/bad-medicine-federal-debt-and-deficits-after-covid-19
When the government runs a deficit, it can borrow from the public—that is, it can create debt. Conversely, when the government runs a surplus, it can retire that debt. For the past three years, the federal government has recorded budget surpluses, and both the White House Office of Management and Budget and the Congressional Budget Office project that these surpluses will increase for at least the next decade.
Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 1 - Economic Synopses
The Taylor rule indicates the current federal funds target rate should be higher.
research.stlouisfed.org/.../is-the-fed-following-a-modernized-version-of-the-taylor-rule-part-1/
Living Standards in St. Louis and the Eighth Federal Reserve District: Let’s Get Real - Review
Recently, the Bureau of Economic Analysis (BEA) has developed the Regional Price Parities (RPPs), spatial price indexes that allow for comparison of cost of living differences across various geographic areas. By construction, RPPs compare the average price level for a region with the national average.
Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 2 - Economic Synopses
The past period’s policy rate is extraordinarily important for setting the current period’s policy rate in the modernized Taylor rule.
research.stlouisfed.org/.../15/is-the-fed-following-a-modernized-version-of-the-taylor-rule-part-2
Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations - Review
This article analyzes how announced surprises in monetary policy actions and macroeconomic data releases affect the average rate of inflation that economic agents expect to prevail over the 10-year period following the surprise.
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Kevin L. Kliesen 34 items
Daniel L. Thornton 3 items
David C. Wheelock 3 items
Brian Levine 2 items
Christopher J. Waller 2 items
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publications 34 items
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