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Article
Political Influence in the Fed Policymaking: The Case of Economic Forecast Bias
The federal reserve claims independence from political influence. The Fed’s economic forecast errors tell a different story.
Zhengyang (Robin) Chen
,
Clinton Jenkins
Embedding Rational Expectations in a Structural VAR: Internal and External Instruments for Set Identification
Rational expectations are now embedded in a structural VAR.
Zhengyang (Robin) Chen
,
Victor J. Valcarcel
Safety Premia, Treasury Duration and Safe Asset Aggregation
To properly aggregate the quantity of safe assets given the imperfect substitution among safe assets in different durations.
Zhengyang (Robin) Chen
,
Victor J. Valcarcel
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