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The linkage between regional economic indexes and tax bases : evidence from New York
Bram, Jason; Haughwout, Andrew; Orr, James A.; Rich, … - 2004 - [Elektronische Ressource]
This paper examines the linkage between economic activity and tax revenues for New York State and New York City. Drawing upon the methodology of Stock and Watson, we use a dynamic single-factor model to estimate indexes of coincident economic indicators. We also construct measures of the sales...
Persistent link: https://www.econbiz.de/10002128506
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LIBOR: origins, economics, crisis, scandal, and reform
Skeie, David R.; Hou, David - Federal Reserve Bank of New York - 2014
The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....
Persistent link: https://www.econbiz.de/10010757406
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More resilient, better managed, less complex: strengthening FMUs and linkages in the system
Dahlgren, Sarah J. - Federal Reserve Bank of New York - 2014
Remarks at the Securities Industry and Financial Markets Association Conference, Boca Raton, Florida
Persistent link: https://www.econbiz.de/10010774309
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Compliance – some thoughts about reaching the next level
Baxter, Thomas C. - Federal Reserve Bank of New York - 2015
Remarks at the Fordham Journal of Corporate Counsel & Financial Law Symposium, Fordham Law School, New York City.
Persistent link: https://www.econbiz.de/10011165182
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The 2015 economic outlook and the implications for monetary policy
Dudley, William - Federal Reserve Bank of New York - 2014
Remarks at Bernard M. Baruch College, New York City.
Persistent link: https://www.econbiz.de/10011093777
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Simple and reliable way to compute option-based risk-neutral distributions
Malz, Allan M. - Federal Reserve Bank of New York - 2014
This paper describes a method for computing risk-neutral density functions based on the option-implied volatility smile …
Persistent link: https://www.econbiz.de/10010823096
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Anxiety, overconfidence, and excessive risk taking
Eisenbach, Thomas M.; Schmalz, Martin C. - Federal Reserve Bank of New York - 2015
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a … possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An “anxiety prone” agent, who is more … risk-averse to imminent than to distant risks, has an incentive to distort her future self’s beliefs toward underestimating …
Persistent link: https://www.econbiz.de/10011170309
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University choice: the role of expected earnings, non-pecuniary outcomes, and financial constraints
Delavande, Adeline; Zafar, Basit - Federal Reserve Bank of New York - 2014
We investigate the determinants of students’ university choice, with a focus on expected monetary returns, non-pecuniary factors enjoyed at school, and financial constraints, in the Pakistani context. To mitigate the identification problem concerning the separation of preferences,...
Persistent link: https://www.econbiz.de/10011027218
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Information heterogeneity and intended college enrollment
Zafar, Basit; Bleemer, Zachary - Federal Reserve Bank of New York - 2014
Despite a robust college premium, college attendance rates in the United States have remained stagnant and exhibit a substantial socioeconomic gradient. We focus on information gaps— specifically, incomplete information about college benefits and costs—as a potential explanation for these...
Persistent link: https://www.econbiz.de/10011027223
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Evaluating the riskiness of initial public offerings: 1980 - 2000
Peristiani, Stavros C. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001752009