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Principal Economist

Macroeconomic and Quantitative Studies

Research and Statistics

Board of Governors of the Federal Reserve System

20th and Constitution Ave, NW

Washington, DC 20551

Tel: +1 202 452 2813

Email.: dpfajfar[at]gmail[dot]com


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"The views in this webpage are solely the responsibility of the author and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System."