Monetary Policy

Working Paper

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy

WP 12-21/R – We build a New Keynesian business-cycle model with rich household heterogeneity.

Featured Work

Monetary Policy

Article

The Graying of Household Debt in the U.S.

Economic Insights — Thanks to an aging population, continuously falling interest rates, and the Great Recession, more debt is held by older Americans today than ever before.

Monetary Policy Report: Using Rules for Benchmarking, June 2021

This special report highlights ongoing work to benchmark the stance of monetary policy using a range of policy rules that are widely employed in studies of monetary economics.

Monetary Policy

Working Paper

Measuring Disagreement in Probabilistic and Density Forecasts

WP 21-03 – In this paper, we introduce and study a class of disagreement measures for probability distribution forecasts based on the Wasserstein metric.