Standard sticky information pricing models successfully capture the sluggish movement of aggregate prices in response to monetary policy shocks but fail at matching the magnitude and frequency of price changes at the micro level. This paper shows that in a setting where firms choose when to...

This paper examines the over-the-counter (OTC) interest rate derivatives (IRD) market in order to inform the design of post-trade price reporting. Our analysis uses a novel transaction-level data set to examine trading activity, the composition of market participants, levels of product...

Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.

Remarks at the Third Annual Connecticut Bank and Trust Company Economic Outlook Breakfast, Hartford, Connecticut.

Remarks at the Harvard Law School's Symposium on Building the Financial System of the 21st Century, Armonk, New York.

Remarks at the Clearing House's Second Annual Business Meeting and Conference, New York City.

Remarks at the 2013 OTC Derivatives Conference, Paris, France.

Remarks at 2013 Resolution Conference: Planning for the Orderly Resolution of a Global Systemically Important Bank, Washington, D.C.

Remarks at the 2010 Institute of International Finance Annual Membership Meeting, Washington, D.C.

Remarks at the Reserve Bank of Australia's 50th Anniversary Symposium, Sydney, Australia.