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Remarks at the Chapter 9 and Alternatives for Distressed Municipalities and States Workshop, Federal Reserve Bank of New York, New York City.
Persistent link: https://www.econbiz.de/10011254933
This paper explores liquidity movements in stock and Treasury bond markets over a period of more than 1800 trading days. Cross-market dynamics in liquidity are documented by estimating a vector autoregressive model for liquidity (that is, bid-ask spreads and depth), returns, volatility, and...
Persistent link: https://www.econbiz.de/10001752003
Persistent link: https://www.econbiz.de/10001495358
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...
Persistent link: https://www.econbiz.de/10002101549
Persistent link: https://www.econbiz.de/10001656395
This paper examines how the scale and composition of public debt can affect economies that implement a combination of “passive” monetary policy and “active” fiscal policy. This policy configuration is argued to be of both historical and contemporary interest in the cases of the U.S. and...
Persistent link: https://www.econbiz.de/10009320709
Remarks at the Japan Society, New York City.
Persistent link: https://www.econbiz.de/10010724938
Remarks at the Whitman School of Management at Syracuse University, Syracuse, New York.
Persistent link: https://www.econbiz.de/10010724941
Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Persistent link: https://www.econbiz.de/10010724943
Remarks at Queens College, Flushing, New York.
Persistent link: https://www.econbiz.de/10010724945