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Can a fiscal contraction strengthen a currency?: Some doubts about conventional Mundell-Fleming results
Cantor, Richard; Driskill, Robert - Federal Reserve Bank of New York - 1996
This article demonstrates that a fiscal expansion can induce both a short- and long-run depreciation of a currency and, by parallel arguments, fiscal contraction can induce short- and long-run appreciation. This possibility hinges on a country being a debtor with at least some of its debt...
Persistent link: https://www.econbiz.de/10005387242
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Monetary policy: why money matters, and interest rates don’t
Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2012
rate. Money’s role in monetary policy has been tertiary, at best. Indeed, several influential economists have suggested … that money is irrelevant for monetary policy. They suggest that central banks can control inflation by (i) controlling a … rate in order to exert greater control over longer-term rates. I offer an alternative perspective: namely, that money is …
Persistent link: https://www.econbiz.de/10010558739
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Opening remarks for the Transatlantic Economic Interdependence and Policy Challenges Conference
Dudley, William C. - Federal Reserve Bank of New York - 2013
Remarks at the Transatlantic Economic Interdependence and Policy Challenges Conference, Federal Reserve Bank of New York, New York City.
Persistent link: https://www.econbiz.de/10010724936
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Address to the New College class of 2010
Dudley, William - Federal Reserve Bank of New York - 2010
Remarks at the New College of Florida 44th Annual Commencement, Sarasota, Florida.
Persistent link: https://www.econbiz.de/10010725004
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What does interconnectedness imply for macroeconomic and financial cooperation?
Dudley, William C. - Federal Reserve Bank of New York - 2012
Remarks at the Swiss National Bank-International Monetary Fund Conference, Zurich, Switzerland.
Persistent link: https://www.econbiz.de/10010725045
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The role of monetary policy in the current macroeconomic environment
Poole, William - Federal Reserve Bank of St. Louis - 2001
Presentation to the National Association For Business Economics 43rd Annual Meeting, New York City - Sept. 10, 2001
Persistent link: https://www.econbiz.de/10011185077
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Coordinating monetary and macroprudential policies
Paoli, Bianca De; Paustian, Matthias - Federal Reserve Bank of New York - 2013
macroeconomic fluctuations. We do so in a model in which such costs are driven by nominal rigidities and credit constraints. We find …
Persistent link: https://www.econbiz.de/10011027201
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Central Bank Purchases of Private Assets
Williamson, Stephen D. - Federal Reserve Bank of St. Louis - 2014
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568
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Economic overview: Queens and the region
Dudley, William C. - Federal Reserve Bank of New York - 2011
Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Persistent link: https://www.econbiz.de/10010724943
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Challenges facing the U.S. economy and financial system
Checki, Terrence J. - Federal Reserve Bank of New York - 2010
Remarks at the Economic Club of New York, New York City.
Persistent link: https://www.econbiz.de/10010724951