Remarks at the IIF Annual Meeting of Latin America Chief Executives, Santiago, Chile.

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

The dynamic stochastic general equilibrium (DSGE) models used to study business cycles typically assume that exogenous disturbances are independent first-order autoregressions. This paper relaxes this tight and arbitrary restriction by allowing for disturbances that have a rich contemporaneous...

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