We discuss specification of regression models for using migration data to infer the living standards of different regions, and for observing how much of the standard of living is determined by economic opportunities versus non-pecuniary amenities. We estimate a regression using Canadian data...

This article deals with using panel data to infer regime changes that are common to all of the cross section. The methods presented here apply to Markov switching vector autoregressions, dynamic factor models with Markov switching and other multivariate Markov switching models. The key feature...

February 21, 2013. Presentation. "Perspectives on the Current Stance of Monetary Policy." NYU Stern Center for Global Economy and Business, New York, N.Y.

June 29, 2012. Presentation. "U.S. Monetary Policy: Still Appropriate." Presented at Dialogue with the Fed, Little Rock, Arkansas.

February 14, 2013. Presentation. "U.S. Monetary Policy: Easier Than You Think It Is." Mississippi State University, Starkville, Mississippi

October 2, 2013. Opening Remarks. Given at the Federal Reserve/CSBS Community Banking Research Conference, Community Banking in the 21st Century, St. Louis

April 11, 2013. Opening Remarks. Given at the 2013 Federal Reserve System Community Development Research Conference, Resilience and Rebuilding for Low-Income Communities: Research to Inform Policy and Practice, Washington, D.C.