Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at the 2011 Bretton Woods Committee International Council Meeting, Washington, D.C.>

Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.

We develop a dynamic factor model with Markov switching to examine secular and business cycle fluctuations in U.S. unemployment rates. We extract the common dynamics among unemployment rates disaggregated for seven age groups. The framework allows analysis of the contribution of demographic...

The U.S. business cycle expansion that started in March 1991 is the longest on record. This paper uses statistical techniques to examine whether this expansion is a onetime unique event or whether its length is a result of a change in the stability of the U.S. economy. Bayesian methods are used...

This paper proposes a flexible framework for analyzing the joint time series properties of the level and volatility of expected excess stock returns. An unobservable dynamic factor is constructed as a nonlinear proxy for the market risk premia with its first moment and conditional volatility...

Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.

Remarks at the Dutchess County Regional Chamber of Commerce, Fishkill, New York.