Search Results
Showing results 1 to 3 of approximately 3.
(refine search)
Speech
The Economy in the Time of Coronavirus
Remarks at the Buffalo Niagara Partnership, the Greater Rochester Chamber of Commerce, and CenterState CEO (delivered via videoconference).
Discussion Paper
The New York Fed DSGE Model Perspective on the Lagged Effect of Monetary Policy
This post uses the New York Fed DSGE model to ask the question: What would have happened to interest rates, output, and inflation had the Federal Reserve been following an average inflation targeting (AIT)-type reaction function since 2021:Q2, when inflation began to rise—as opposed to keeping the federal funds rate at the zero lower bound (ZLB) until March 2022, and then raising it aggressively thereafter? We show that actual policy was more accommodative in 2021 than implied by the AIT reaction function and then more contractionary in 2022 and beyond. On net, the lagged effect of monetary ...
Speech
The Gold Beneath Our Feet
Remarks at the GARP Global Risk Forum, Federal Reserve Bank of New York, New York City.