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Roadblocks to recovery (with apologies to W. H. Auden and Gershon Bleichroder)
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2010
"While it appears urgent, if not agreeable, to use massive public spending to stimulate an economy under duress, an … economy cannot sustain long-term growth under the weight of significant fiscal burdens." ; Remarks before the World Affairs …
Persistent link: https://www.econbiz.de/10010723088
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Vehicle currency
Devereux, Michael B.; Shi, Shouyong - Federal Reserve Bank of Dallas - 2008
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
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Oil shocks through international transport costs: evidence from U.S. business cycles
Yilmazkuday, Hakan - Federal Reserve Bank of Dallas - 2011
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
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Defending central bank independence
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2008
"Monetary policy acts with a lag. I liken it to a good single malt whiskey or perhaps truly great tequila: It takes time before you feel its full effect. The Fed has to be very careful now to add just the right amount of stimulus to the punchbowl without mixing in the potential to juice up...
Persistent link: https://www.econbiz.de/10010723032
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A perspective on Mexico
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2006
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
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Minsky moments and financial regulatory reform
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2010
Remarks before the 19th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies, New York City, April 14, 2010. ; "I think the disagreeable but sound thing to do regarding institutions that are TBTF is to dismantle them over time into institutions that can be prudently...
Persistent link: https://www.econbiz.de/10010726026
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Monetary policy strategy in a global environment
Moutot, Philippe; Vitale, Giovanni - Federal Reserve Bank of Dallas - 2009
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
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Financial globalization, financial frictions and optimal monetary policy
Faia, Ester; Iliopulos, Eleni - Federal Reserve Bank of Dallas - 2010
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