2020 - Volume 52, Issue 1

The Local Aggregate Effects of Minimum Wage Increases

DANIEL COOPER,  MARÍA JOSÉ LUENGO-PRADO,  JONATHAN A. PARKER


Nominal GDP Targeting with Heterogeneous Labor Supply

JAMES BULLARD,  AARTI SINGH


Financial Dampening

JOHANNES F. WIELAND,  MU-JEUNG YANG


U.S. Banking Sector Operational Losses and the Macroeconomic Environment

AZAMAT ABDYMOMUNOV,  FILIPPO CURTI,  ATANAS MIHOV


Seven Fallacies Concerning Milton Friedman's “The Role of Monetary Policy”

EDWARD NELSON


Employment in the Great Recession: How Important Were Household Credit Supply Shocks?

DANIEL GARCÍA


Asymmetry, Complementarities, and State Dependence in Federal Reserve Forecasts

JULIETA CAUNEDO,  RICCARDO DICECIO,  IVANA KOMUNJER,  MICHAEL T. OWYANG


Fiscal Requirements for Dynamic and Real Determinacies in Economies with Private Provision of Liquidity: A Monetarist Assessment

PEDRO GOMIS-PORQUERAS


Nominal GDP Targeting and the Taylor Rule on an Even Playing Field

DAVID BECKWORTH,  JOSHUA R. HENDRICKSON