2018 - Volume 50, Issue 2-3

Do Macroforecasters Herd?

MICHAEL P. CLEMENTS


The Government Spending Multiplier in a (Mis)Managed Liquidity Trap

JORDAN ROULLEAU-PASDELOUP


Cyclical Changes in Firm Volatility

EMMANUEL DE VEIRMAN,  ANDREW LEVIN


Time Aggregation and the Relationship between Inflation and Money Growth

JANICE BOUCHER BREUER,  JOHN MCDERMOTT,  WARREN E. WEBER


Durable Goods, Investment Shocks, and the Comovement Problem

BEEN-LON CHEN,  SHIAN-YU LIAO


High-Cost Credit and Consumption Smoothing

CHRISTINE L. DOBRIDGE


The Credit Channel at the Zero Lower Bound through the Lens of Equity Prices

WENBIN WU


Working Less and Bargain Hunting More: Macroimplications of Sales during Japan's Lost Decades

NAO SUDO,  KOZO UEDA,  KOTA WATANABE,  TSUTOMU WATANABE


Overaccumulation, Interest, and Prices

CHRISTOPHER M. GUNN


Greenspan's Conundrum and the Fed's Ability to Affect Long-Term Yields

DANIEL L. THORNTON


International Transmission Channels of U.S. Quantitative Easing: Evidence from Canada

TATJANA DAHLHAUS,  KRISTINA HESS,  ABEER REZA