2014 Memos
January 1

Federal Reserve Tools for Managing Rates and Reserves (PDF)

January 17

Cover Memo: The Staff's Outlook for Price Inflation  (PDF)
  - The Staff’s Outlook for Price Inflation (PDF)

March 7

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

March 11

Cover Memo: Assessing the downward pressure on price and wage inflation: Does the distinction between long-term versus short-term unemployment matter?  (PDF)
  - Inflation and Long- and Short-term Unemployment  (PDF)

April 18

Cover Memo: Staff memo on the Tealbook forecast of business investment  (PDF)
  - Perspectives on the Recent Weakness in Business Investment  (PDF)

April 18

The Demand for Safe and Short-Term Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies (PDF)

June 6

Cover Memo: How Asymmetric are the Risks in the Macroeconomic Outlook? (PDF)
  - How Asymmetric are the Risks in the Macroeconomic Outlook?  (PDF)

June 9

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

July 18

Cover Memo: Housing in the Tealbook Forecast  (PDF)
  - Recent Weakness in Housing Activity and the Staff Outlook for the Housing Sector  (PDF)

September 5

Cover Memo: Background Memo on Long-term Inflation Expectations and Risks to the Inflation Outlook  (PDF)
  - Long-term Inflation Expectations and Risks to the Inflation Outlook (PDF)

September 5

Cover Memo: Background Memo on Potential Implications of Alternative Approaches to the Timing and Pace of Tightening  (PDF)
  - Potential Implications of Alternative Approaches to the Timing and Pace of Tightening (PDF)

September 9

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

October 15

Cover Memo: Upcoming Discussion of the Statement on Longer-Run Goals and Monetary Policy Strategy (the "Consensus Statement")  (PDF)
  - On Possible Changes to the Consensus Statement (PDF)

December 5

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

December 5

Cover Memo: Two notes on issues related to the labor market and cyclical dynamics  (PDF)
  - How Much Slack Remains in Resource Utilization? Comparing the Staff's Unemployment Rate Gap with Alternative Measures  (PDF)
  - The relationship between unemployment rate rises and recessions (PDF)

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Last Update: September 03, 2020