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Remarks at the Institute of International Bankers Annual Washington Conference, Washington, D.C., March 7, 2011 ; "I argued against the $600 billion extension [buying U.S. Treasuries] the voters on the FOMC approved last November. And I remain doubtful enough as to its efficacy that if at any...
Persistent link: https://www.econbiz.de/10010726004
existence, the size of the vehicle currency economy, and the monetary policy followed by the vehicle currency's government. We …
Persistent link: https://www.econbiz.de/10005367962
The effects of oil shocks on output volatility through international transport costs are investigated in an open-economy ….S. economy by a Bayesian approach for moving windows of ten years. For model selection, the posterior odds ratios of the two …
Persistent link: https://www.econbiz.de/10009292928
it entirely reasonable to expect the economy to maintain an average pace of 3 percent growth for the year. And, if we at …
Persistent link: https://www.econbiz.de/10010723052
in Mexico is a loss for the entire border economy, where so much of our growth is linked to expansion on the more …
Persistent link: https://www.econbiz.de/10010723078
"The problem that has been ailing capital markets and, by extension, the economy has not been the fed funds rate. It …
Persistent link: https://www.econbiz.de/10010726006
Remarks at a Community Luncheon hosted by the Federal Reserve Bank of Dallas, San Antonio Branch, Corpus Christi, Texas, June 14, 2006 ; "Against the background of sustained high prices for oil and gasoline and the inevitable propensity of sellers of goods and services to try to pass on cost...
Persistent link: https://www.econbiz.de/10010726024
Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are …
Persistent link: https://www.econbiz.de/10005498677
answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … accumulation is subject to adjustment costs. We demonstrate that, although this economy can generate persistent current account …
Persistent link: https://www.econbiz.de/10008465685