Federal Reserve Bank of San Francisco: 'Evaluating Macroeconomic Outcomes Under Asymmetries: Expectations Matter'
September 11, 2025
September 11, 2025
SAN FRANCISCO, California, Sept. 11 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2025-17) on September 5, 2025, by Brent Bundick, Isabel Cairo, and Nicolas Petrosky-Nadeau entitled "Evaluating Macroeconomic Outcomes Under Asymmetries: Expectations Matter."
Here are excerpts:
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Asymmetries play an important role in many macroeconomic models. We show that assumptions on household and firm expectati . . .
Here are excerpts:
* * *
Asymmetries play an important role in many macroeconomic models. We show that assumptions on household and firm expectati . . .