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Why did the average duration of unemployment become so much longer?

Mukoyama, Toshihiko (contributor); … - 2004 - [Elektronische Ressource]

"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty years. First we analyze whether changes in the demographic composition of the U.S. labor force, particularly the age and gender composition, can explain this increase. We then...

Persistent link: https://www.econbiz.de/10002521759

Learning about beta : a new look at CAPM tests

Adrian, Tobias (contributor); … - 2004 - [Elektronische Ressource]

"When risk-factor loadings are time-varying and unobservable, investors are forced to form beliefs about the levels of their loadings. The learning process involved in forming these beliefs has normative implications for asset-pricing tests. This paper develops an equilibrium model of learning...

Persistent link: https://www.econbiz.de/10002521758

Benefits and spillovers of greater competition in Europe : a macroeconomic assessment

Bayoumi, Tamim A. (contributor); Laxton, Douglas (contributor) - 2004 - [Elektronische Ressource]

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

Persistent link: https://www.econbiz.de/10002101549

The impact of competition on technology adoption: an apples-to-PCs analysis

Copeland, Adam; Shapiro, Adam Hale - Federal Reserve Bank of New York - 2010

industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the … predicts that competition is the key driver of the rate at which technology is adopted. …

Persistent link: https://www.econbiz.de/10008598716

Remarks at Panel Discussion on OTC Derivatives Reform and broader financial reforms agenda

Dudley, William C. - Federal Reserve Bank of New York - 2013

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

Persistent link: https://www.econbiz.de/10010724977

Beyond the crisis: reflections on the challenges

Checki, Terrence J. - Federal Reserve Bank of New York - 2009

Remarks at the Foreign Policy Association Corporate Dinner, New York City

Persistent link: https://www.econbiz.de/10010725011

Summary of the Report on the Competitiveness of Puerto Rico's Economy

McAndrews, James - Federal Reserve Bank of New York - 2012

Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.

Persistent link: https://www.econbiz.de/10010725015

Credit market competition and the nature of firms

Cetorelli, Nicola - Federal Reserve Bank of New York - 2009

Empirical studies show that competition in the credit markets has important effects on the entry and growth of firms in … barriers to entry in the banking industry, a development that resulted in significantly improved credit competition. The … environment. Credit market competition does lead to more entry and growth of firms, but also to complex dynamics experienced by …

Persistent link: https://www.econbiz.de/10004994127

Can competition between brokers mitigate agency conflicts with their customers?

Chakravarty, Sugato; Sarkar, Asani - Federal Reserve Bank of New York - 1997

We study competitive, but strategic, brokers executing trades for an informed trader in multi-period setting. The brokers can choose to (a) execute the order, as agents, first, and trade for themselves as dealers, afterwards; or (b) trade for themselves first and execute the order later. We show...

Persistent link: https://www.econbiz.de/10005387353

Investment and market power: evidence from the United States manufacturing sector

Worthington, Paula R. - Federal Reserve Bank of New York - 1990

Persistent link: https://www.econbiz.de/10005717184