Speech by Richard Clarida on “The Federal Reserve’s New Framework: Context and Consequences”
https://www.federalreserve.gov/newsevents/speech/clarida20210113a.htm
The “Beige Book” of the Fed. As always, many interesting observations from across the United States:
https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm
Do credits to so-called zombie firms lead to too much supply which dispresses prices? “Zombie Credit and (Dis-)Inflation: Evidence from Europe” by Viral V. Acharya, Matteo Crosignani, Tim Eisert, and Christian Eufinger:
https://www.newyorkfed.org/research/staff_reports/sr955.html
The macroprudential toolkit: effectiveness and interactions:
In the United States, industrial production advanced 1.6 percent in December 2020. This is a very positive number:
https://www.federalreserve.gov/releases/g17/current/default.htm
U.S. retail trade data for December 2020 are less positive…:
https://www.census.gov/retail/index.html
Hornstein-Kudlyak-Lange Non-Employment Index for the U.S. labor market (alternative to the official unemployment rate):
https://www.richmondfed.org/research/national_economy/non_employment_index
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