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Kovner, Anna; Wei, Chenyang - Federal Reserve Bank of New York - 2012

than are public bonds. They do not have worse secondary market performance or higher credit default swap spreads nor are … come only from the lack of a public market signal of asset quality, because very small public companies also pay high …

Persistent link: https://www.econbiz.de/10010551296

Inflation expectations and behavior: Do survey respondents act on their beliefs?

Armantier, Olivier; Bruin, Wändi Bruine de; Topa, Giorgio - Federal Reserve Bank of New York - 2011

We compare the inflation expectations reported by consumers in a survey with their behavior in a financially incentivized investment experiment designed such that future inflation affects payoffs. The inflation expectations survey is found to be informative in the sense that the beliefs reported...

Persistent link: https://www.econbiz.de/10009274483

Regulatory reform of the global financial system

Dudley, William C. - Federal Reserve Bank of New York - 2011

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

Persistent link: https://www.econbiz.de/10010724984

U.S.economic policy in a global context

Dudley, William C. - Federal Reserve Bank of New York - 2011

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

Persistent link: https://www.econbiz.de/10010724999

Recent developments in key legal issues of international reserves investments

Thomas C. Baxter, Jr. - Federal Reserve Bank of New York - 2010

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.

Persistent link: https://www.econbiz.de/10010725008

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and central bank immunity in the United States

Thomas C. Baxter, Jr. - Federal Reserve Bank of New York - 2010

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.

Persistent link: https://www.econbiz.de/10010725029

Regulatory reform of the global financial system

Dudley, William C. - Federal Reserve Bank of New York - 2011

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

Persistent link: https://www.econbiz.de/10010725049

Loss aversion, asymmetric market comovements, and the home bias

Amonlirdviman, Kevin; Carvalho, Carlos - Federal Reserve Bank of New York - 2010

comovements in international stock markets are asymmetric: Correlations are higher in market downturns than in upturns. This …

Persistent link: https://www.econbiz.de/10008636192

Up close it feels dangerous: 'anxiety' in the face of risk

Eisenbach, Thomas M.; Schmalz, Martin C. - Federal Reserve Bank of New York - 2013

Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent--one who is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features of 1) individual behavior, 2) equilibrium prices, and 3)...

Persistent link: https://www.econbiz.de/10010640517

How important is the stock market effect on consumption?

Ludvigson, Sydney; Steindel, Charles - Federal Reserve Bank of New York - 1998

The 1990s have seen astonishing growth in the stock market portfolios of Americans, which many have argued has been a … major force behind the growth of consumer spending. This paper reviews the relationship between the stock market and the … between aggregate consumer spending and changes in aggregate household wealth. While stock market gains have surely provided …

Persistent link: https://www.econbiz.de/10005717211