2012 Memos
January 13

Request for January Projections (PDF)

January 13

DSGE Models Update (PDF)

January 18

Supporting Documents for DSGE Models Update (PDF)

March 3

Cover Memo: Memos on Issues Related to Policy Rules (PDF)
  - Interpreting Interest Rate Policy Rule Prescriptions in the Presence of LSAPs (PDF)
  - Simple Rules and Optimal Policies in Staff Models (PDF)

April 6

Cover Memo: Staff memo on attenuation of the effects of monetary policy (PDF)
  - Are the Real Effects of Monetary Policy Currently Smaller than Usual? (PDF)

April 16

Request for April Projections (PDF)

April 16

DSGE Models Update (PDF)

April 18

Supporting Documents for DSGE Models Update (PDF)

June 8

Request for June Projections (PDF)

June 11

DSGE Models Update (PDF)
Supporting Documents for DSGE Models Update (PDF)

July 18

Cover Memo: Background Material for Special Topic on Simple Policy Rules (PDF)
  - An Overview of Simple Policy Rules and their Use in Policymaking in Normal Times and Under Current Conditions (PDF)
  - Further Analysis of Simple Policy Rules in the Current Environment (PDF)

August 28

Cover Memo: Background Memo on Flow-Based Balance Sheet Policies (PDF)
  - Flow-Based Balance Sheet Policies: Communication Issues and Macroeconomic Effects (PDF)

August 28

Cover Memo: Staff memo on estimating economic slack (PDF)
  - The Staff's Assessment of Economic Slack (PDF)

August 28

Cover Memo: Additional Memos on Balance Sheet Policies (PDF)
  - Options for an Additional LSAP Program (PDF)
  - The effect of an additional $1 trillion LSAP on the exit strategy (PDF)

August 31

Request for September Projections (PDF)

August 31

DSGE Models Update (PDF)
Supporting Documents for DSGE Models Update (PDF)

September 6

Cover Memo: Background Memo on Reducing the Interest Rate Paid on Excess Reserves (PDF)
  - Reducing the Interest Rate Paid on Excess Reserves (PDF)

October 16

Using Thresholds to Clarify the Conditionality in the Committee's Forward Guidance for the Federal Funds Rate (PDF)

November 30

Request for December Projections (PDF)

November 30

Cover Memo: Background Memo on Assessing Conditions in the Labor Market (PDF)
  - Assessing Conditions in the Labor Market (PDF)

November 30

Cover Memo: Background Memo on Options for Continuation of Open-Ended Asset Purchases in 2013 (PDF)
  - Options for Continuation of Open-Ended Asset Purchases in 2013 (PDF)

December 3

DSGE Memos (PDF)
Supporting Documents for DSGE Models Update (PDF)

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Last Update: July 08, 2020