3

Risk Appetite and Monetary Transmission
We construct a new high-frequency measure of risk appetite shifts around Federal Open Market Committee (FOMC) meetings, the common …
Cite PDF FRBSF WP
Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database
This paper introduces the U.S. Monetary Policy Event-Study Database (USMPD), a novel, public, and regularly updated dataset of …
Cite PDF Online Appendix FRBSF WP CEPR DP USMPD
Prices and Monetary Policy: The Role of Financial Constraints
Firm heterogeneity in financial constraints is a quantitatively important driver of how monetary policy transmits to inflation. Using …
Cite PDF FRBSF WP CEPR DP
Accounting for Uncertainty and Risks in Monetary Policy
This paper discusses the measurement, assessment, and communication of risks and uncertainty that are relevant for monetary policy. It …
Cite FEDS Paper Framework Statement Chair Powell Speech Framework Review Roadmap