2017 Memos
March 3

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

March 3

Cover Memo: Background Memos for FOMC Discussion of Reinvestment Issues (PDF)
  - The Macroeconomic Effects of State-Contingent Ending of Reinvestment (PDF)
  - Changing the FOMC’s Reinvestment Policy: Approaches and Considerations (PDF)

April 21

Cover Memo: Background Memos for FOMC Discussion of Reinvestment Issues (PDF)
  - Reinvestment Proposal (PDF)
  - Communicating a Plan for Ceasing or Phasing Out Reinvestment (PDF)

April 28

Cover Memo: Revised staff proposal for reinvestment policy  (PDF)
  - Revised Plan for Reinvestments (PDF)

June 5

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

July 11

Cover Memo: Explanations for Recent Low Inflation (PDF)
  - Explanations for Recent Low Inflation  (PDF)

July 12

Cover Memo: Background notes on r* and conditional variation in confidence intervals (PDF)
  - Long Run Value for the Equilibrium Rate of Interest  (PDF)
  - Time variation in upside and downside risks to the staff baseline forecast  (PDF)

July 14

Cover Memo: Background memo on longer-term interest rates  (PDF)
  - Recent Movements in Longer-Term Treasury Yields: Causes and Potential Policy Implications (PDF)

September 11

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

October 26

Cover Memo: Some Implications of Uncertainty and Misperception for Monetary Policy (PDF)
  - Some Implications of Uncertainty and Misperception for Monetary Policy (PDF)

December 4

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

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Last Update: January 13, 2023