Search Results

SORT BY: PREVIOUS / NEXT
Bank:Federal Reserve Bank of Minneapolis 

Journal Article
This little piggy restricted market access

Fedgazette , Volume 17 , Issue Sep , Pages 13

Journal Article
District exports: untold stories behind the data

Fedgazette , Volume 16 , Issue May , Pages 21-22

Journal Article
The untouchables

By quantifying the unmeasured, Fed economists shed light on the stock market, productivity and the development of economic theory
The Region , Volume 19 , Issue Dec , Pages 30-33, 52-57

Report
Sustainable plans

We propose a definition of time consistent policy for infinite horizon economies with competitive private agents. Allocations and policies are defined as functions of the history of past policies. A sustainable equilibrium is a sequence of history-contingent policies and allocations that satisfy certain sequential rationality conditions for the government and for private agents. We provide a complete characterization of the sustainable equilibrium outcomes for a variant of Fischer?s (1980) model of capital taxation. We also relate our work to recent developments in the theory of repeated ...
Staff Report , Paper 122

Working Paper
Optimal fiscal policy in a business cycle model (technical appendix)

Working Papers , Paper 567

Journal Article
The vanishing equity premium

The Region , Volume 15 , Issue Jun , Pages 6-7

Report
Optimal fiscal and monetary policy: some recent results

This paper studies the quantitative properties of fiscal and monetary policy in business cycle models. In terms of fiscal policy, optimal labor tax rates are virtually constant and optimal capital income tax rates are close to zero on average. In terms of monetary policy, the Friedman rule is optimal?nominal interest rates are zero?and optimal monetary policy is activist in the sense that it responds to shocks to the economy.
Staff Report , Paper 147

Working Paper
Deconstructing Delays in Sovereign Debt Restructuring

Negotiations to restructure sovereign debt are time consuming, taking almost a decade on average to resolve. In this paper, we analyze a class of widely used complete information models of delays in sovereign debt restructuring and show that, despite superficial similarities, there are major differences across models in the driving force for equilibrium delay, the circumstances in which delay occurs, and the efficiency of the debt restructuring process. We focus on three key assumptions. First, if delay has a permanent effect on economic activity in the defaulting country, equilibrium delay ...
Working Papers , Paper 753

Journal Article
Four funerals and a wedding: We're growing older and it won't be cheap

Fedgazette , Volume 16 , Issue Mar , Pages 2-5

Journal Article
How severe is the time-inconsistency problem in monetary policy?

This study analyzes two monetary economies, a cash-credit good model and a limited-participation model. In these models, monetary policy is made by a benevolent policymaker who cannot commit to future policies. The study defines and analyzes Markov equilibrium in these economies and shows that there is no time-inconsistency problem for a wide range of parameter values.
Quarterly Review , Volume 27 , Issue Sum , Pages 17-33

FILTER BY year

FILTER BY Bank

FILTER BY Content Type

Journal Article 1125 items

Report 697 items

Working Paper 476 items

Discussion Paper 202 items

Speech 192 items

Monograph 1 items

show more (1)

FILTER BY Author

Wirtz, Ronald A. 183 items

Kocherlakota, Narayana R. 147 items

Clement, Douglas 117 items

Kehoe, Patrick J. 115 items

Stern, Gary H. 114 items

McGrattan, Ellen R. 88 items

show more (495)

FILTER BY Jel Classification

E24 41 items

E52 38 items

E32 36 items

E21 35 items

E44 35 items

F41 27 items

show more (305)

FILTER BY Keywords

Federal Reserve District, 9th 482 items

Economic development 117 items

Monetary policy 103 items

Business cycles 94 items

Economists 73 items

Econometric models 66 items