Board of Governors of the Federal Reserve System

Cover Memo: Liftoff Discussions at Upcoming FOMC Meeting (PDF)
  - Illustrative Approaches to Operationalize the FOMC’s Policy Normalization Principles and Plans Around the Time of Liftoff (PDF)
  - Technical Issues Associated with the Payment of Interest on Reserves (PDF)
  - Issues Concerning the Timing and Pace of Policy Firming (PDF)
  - FOMC Deliberations Prior to the Initial Tightening of Monetary Policy in 1994, 1999, and 2004 (PDF)
  - Foreign Experience with Liftoff from the Effective Lower Bound (PDF)
  - Stochastic Implications of Alternative Strategies for the Beginning of Policy Normalization (PDF)
  - Options for Evolving the Statement Language in Preparation for Liftoff (PDF)

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

Cover Memo: Recent Declines in Long-term Interest Rates: Causes and Possible Policy Implications (PDF)
  - Recent Declines in Long-Term Interest Rates: Causes and Potential Policy Implications (PDF)

Update to March Tealbook GDP Forecast (PDF)

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

Tealbook forecast update (PDF)

Cover Memo: Perspectives on the Government Sector and Aggregate Demand (PDF)
  - Perspectives on the Government Sector and Aggregate Demand (PDF)

Cover Memo: Reinvestments Considerations Memo and Discussion Questions (PDF)
  - Reinvestments Considerations (PDF)

Cover Memo: Factors Influencing the Demand for Reverse Repos (PDF)
  - Factors Influencing the Demand for Reverse Repos (PDF)

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

Cover Memo: Background Material for r* Discussion (PDF)
  - r*: Concepts, Measures, and Uses (PDF)
  - Real Interest Rates over the Long-Run (PDF)
  - Estimates of Short-Run r* from DSGE Models (PDF)
  - Monetary Policy at the Lower Bound with Imperfect Information about r* (PDF)

Cover Memo: Compensation and Labor Market Slack (PDF)
  - Compensation and Labor Market Slack (PDF)

Cover Memo: Effects of a change in the dollar on r* (PDF)
  - Implications of a Large, Temporary Appreciation of the Dollar, in Terms of r* (PDF)

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

Preliminary update to Tealbook forecast (PDF)

Tealbook forecast update (PDF)