Narrow search
Showing 1 - 10 of 85
Cover Image
Liquidity policies and systemic risk
Adrian, Tobias; Boyarchenko, Nina - Federal Reserve Bank of New York - 2014
stochastic general equilibrium model in which liquidity and capital regulations interact with the supply of risk-free assets. In … cycle, influencing the pricing of risk and the level of risk in the economy. Our analysis focuses on liquidity policies … addition, we find that intermediate ranges of risk-free asset supply achieve higher welfare. …
Persistent link: https://www.econbiz.de/10010751386
Cover Image
The macroeconomic effects of large-scale asset purchase programs
Chen, Han; Cúrdia, Vasco; Ferrero, Andrea - Federal Reserve Bank of New York - 2011
after simulating the impact of the Federal Reserve’s second large-scale asset purchase program (LSAP II) in a DSGE model … risk premium to the amount of debt in private-sector hands is substantially smaller than that reported in the recent …
Persistent link: https://www.econbiz.de/10009395290
Cover Image
Equity premium predictions with adaptive macro indexes
Bai, Jennie - Federal Reserve Bank of New York - 2010
Fundamental economic conditions are crucial determinants of equity premia. However, commonly used predictors do not adequately capture the changing nature of economic conditions and hence have limited power in forecasting equity returns. To address the inadequacy, this paper constructs macro...
Persistent link: https://www.econbiz.de/10008679732
Cover Image
Leverage asset pricing
Adrian, Tobias; Moench, Emanuel; Shin, Hyun Song - Federal Reserve Bank of New York - 2013
intermediary leverage as the relevant state variable. A parsimonious model that uses detrended dealer leverage as a price-of-risk …
Persistent link: https://www.econbiz.de/10010690279
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Coordinating monetary and macroprudential policies
Paoli, Bianca De; Paustian, Matthias - Federal Reserve Bank of New York - 2013
The financial crisis has prompted macroeconomists to think of new policy instruments that could help ensure financial stability. Policymakers are interested in understanding how these should be set in conjunction with monetary policy. We contribute to this debate by analyzing how monetary and...
Persistent link: https://www.econbiz.de/10011027201
Cover Image
Forecasting through the rear-view mirror: data revisions and bond return predictability
Ghysels, Eric; Horan, Casidhe; Moench, Emanuel - Federal Reserve Bank of New York - 2012
Real-time macroeconomic data reflect the information available to market participants, whereas final data—containing revisions and released with a delay—overstate the information set available to them. We document that the in-sample and out-of-sample Treasury return predictability is...
Persistent link: https://www.econbiz.de/10011027221
Cover Image
Which financial frictions? Parsing the evidence from the financial crisis of 2007-09
Adrian, Tobias; Colla, Paolo; Shin, Hyun Song - Federal Reserve Bank of New York - 2011
(sec lending) markets for the purposes of informing policymakers and researchers about firm-level and systemic risk. We …
Persistent link: https://www.econbiz.de/10009421388