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Machines vs. Machines: High Frequency Trading and Hard Information

Huh, Yesol - Federal Reserve Board (Board of Governors of the … - 2014

In today's markets where high frequency traders (HFTs) act as both liquidity providers and takers, I argue that information asymmetry induced by liquidity-taking HFTs' use of machine-readable information is important. This particular type of information asymmetry arises because some machines may...

Persistent link: https://www.econbiz.de/10010784161

Factor intensity and price rigidity: evidence and theory

Peneva, Ekaterina V. - Federal Reserve Board (Board of Governors of the … - 2009

-intensive sectors asymmetrically: prices of labor-intensive goods change less than do prices of capital-intensive goods. In addition …, when prices are costly to adjust, more firms in the capital-intensive sectors optimally choose to update their prices than …

Persistent link: https://www.econbiz.de/10004965415

Reset price inflation and the impact of monetary policy shocks

Bils, Mark; Klenow, Peter J.; Malin, Benjamin A. - Federal Reserve Board (Board of Governors of the … - 2009

price inflation." Reset price inflation is the rate of change of all desired prices (including for goods that have not …

Persistent link: https://www.econbiz.de/10004967549

Asset prices and the conduct of monetary policy : proceedings of the Monetary Affairs Workshop

Porter, Richard D. - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005721001

Why and when do spot prices of crude oil revert to futures price levels?

French, Mark W. - Federal Reserve Board (Board of Governors of the … - 2005

spot-futures spread), confirming that spot prices mean-revert and normally exceed discounted futures. However, these …. In addition, I find reversion of spot to futures prices only when backwardation is severe. Convenience yield behaves … prices only when spot prices substantially exceed futures. …

Persistent link: https://www.econbiz.de/10005721061