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Policy Hub provides two forums that draw on the expertise of Atlanta Fed economists and researchers to address issues of broad policy interest: Macroblog and Policy Hub Papers.

Policy Hub articles that are reprints or revisions of papers published elsewhere may not be reprinted without the written permission of the original publisher. All other Policy Hub articles may be reprinted without charge. If you reprint an article, please fully credit the Federal Reserve Bank of Atlanta as well as Policy Hub. For more information, read our disclaimer and terms of use.

In December 2020, our Real Estate Research blog and Notes from the Vault column became part of Policy Hub.

Policy Hub: Macroblog

Policy Hub: Macroblog provides concise commentary and analysis on economic topics by staff economists and analysts for a broad audience.

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Policy Hub Papers

Policy Hub Papers feature more detailed analyses of economic topics by staff economists and researchers for both academic and nonacademic audiences.

Jul 14, 2022

How Many Rate Hikes Does Quantitative Tightening Equal?

When the Fed shrinks its balance sheet, what is the effect on the fed funds rate? The author of this Policy Hub article quantifies how many interest rate hikes quantitative tightening equals and compares the effect of tightening during normal times versus during financial crises.

Jun 22, 2022

Should the United States Issue a Central Bank Digital Currency? Lessons from Abroad

This Policy Hub article explores four countries that have been at the forefront of discussion, research, or implementation of a central bank digital currency to help clarify possible implications of such a currency in the United States.

Jun 01, 2022

Should the US Issue a Central Bank Digital Currency?

Whether the United States should issue a central bank digital currency poses numerous thorny questions. This Policy Hub article wades into the debate to define the problems surrounding a CBDC and offer some answers.

Sep 24, 2021

The Term Structure of the Excess Bond Premium: Measures and Implications

The authors of this Policy Hub article construct a variety of ways to measure the excess bond premium (EBP). They find that the short-term EBP measure increased more dramatically at the peaks of the COVID-19 pandemic and the 2007–09 financial crisis.

May 17, 2021

Money Aggregates, Debt, Pent-Up Demand, and Inflation: Evidence from WWII

Just as the government mobilized a massive economic effort during WWII, the effort to manage the COVID-19 pandemic is enormous. What parallels can be drawn between then and now? This Policy Hub article looks at some economic implications to answer this question.