Zobrazeno 1 - 10
of 23
pro vyhledávání: '"David Reifschneider"'
Autor:
Flint Brayton, David Reifschneider
Publikováno v:
Finance and Economics Discussion Series. :1-41
FRB/US, a large-scale, nonlinear macroeconomic model of the U.S., has been in use at the Federal Reserve Board for 25 years. For nearly as long, the FRB/US “project” has included a linear version of the model known as LINVER. A key reason that LI
Autor:
David W. Wilcox, David Reifschneider
Publikováno v:
SSRN Electronic Journal.
If the Federal Reserve does not decisively change the way it conducts monetary policy, it will probably not be capable of fighting recessions in the future as effectively as it fought them in the past. This reality helped motivate the Fed to undertak
Autor:
David Reifschneider
Publikováno v:
Finance and Economics Discussion Series. 2016:1-26
Current forecasts suggest that the federal funds rate in the future is likely to level out at a rather low level by historical standards. If so, then the FOMC will have less ability than in the past to cut short-term interest rates in response to a f
Publikováno v:
Finance and Economics Discussion Series. 2015:1-54
After reaching the effective lower bound for the federal funds rate in late 2008, the Federal Reserve turned to two unconventional policy tools -- quantitative easing and increasingly explicit and forward-leaning guidance for the future path of the f
Autor:
David Reifschneider, Peter Tulip
Publikováno v:
Finance and Economics Discussion Series. 2017
Since November 2007, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve has regularly published participants’ qualitative assessments of the uncertainty attending their individual forecasts of real activity and inflation, expresse
Publikováno v:
Journal of Money, Credit and Banking. 44:47-82
Prior to the financial crisis, most economists probably did not view the zero lower bound (ZLB) as a major problem for central banks. Using a range of structural and statistical models, we find that previous research understated the ZLB threat by ign
Autor:
David Reifschneider, Peter Tulip
Publikováno v:
Finance and Economics Discussion Series. 2007:1-40
Participants in meetings of the Federal Open Market Committee (FOMC) regularly produce individual projections of real activity and inflation that are published in summary form. These summaries indicate participants' views about the most likely course
Autor:
David Reifschneider, John M. Roberts
Publikováno v:
Journal of the Japanese and International Economies. 20:314-337
We use simulations of the Federal Reserve's FRB/US model to examine the efficacy of a number of proposals for reducing the consequences of the zero bound on nominal interest rates. Among the proposals are: a more aggressive monetary policy; promises
Autor:
David Reifschneider, John M. Roberts
Publikováno v:
Finance and Economics Discussion Series. 2005:1-36
We use simulations of the Federal Reserve's FRB/US model to examine the efficacy of a number of proposals for reducing the consequences of the zero bound on nominal interest rates. Among the proposals are: a more aggressive monetary policy; promises
Publikováno v:
National Tax Journal. 55:357-386
We explore the short-run effects of fiscal policy using simulations of an empirical, rational-expectations, open-economy macromodel developed at the Federal Reserve Board. Based on this model, we find that tax cuts and spending increases generally st