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We document externalities of the civic unrest experienced in Ferguson, MO following the police shooting of an unarmed … black teenager. Difference-in-differences and synthetic control method estimates compare Ferguson-area schools to … absence increased by five percent in Ferguson-area schools. Impacts were concentrated in elementary schools and at the bottom …
Persistent link: https://www.econbiz.de/10011525022
We document externalities of the civic unrest experienced in Ferguson, MO following the police shooting of an unarmed … black teenager. Difference-in-differences and synthetic control method estimates compare Ferguson-area schools to … absence increased by five percent in Ferguson-area schools. Impacts were concentrated in elementary schools and at the bottom …
Persistent link: https://www.econbiz.de/10011517741
Persistent link: https://www.econbiz.de/10011944133
Includes descriptive metadata provided by producer in QuickTime movie file: "Politics, Economics and Social Issues - Video - Paul Volcker talks about the economic crisis." By Vanderbilt University. Paul A. Volcker, senior economic advisor to President Obama and former chairman of the Federal...
Persistent link: https://www.econbiz.de/10009431143
Persistent link: https://www.econbiz.de/10012010218
This paper investigates the discount rate policies of five Federal Reserve chairmen: Martin, Burns, Miller, Volcker and Greenspan. Both in terms of the reasons given for making discount rate changes and the frequency of discount rate changes, the discount rate policies of Martin and Greenspan...
Persistent link: https://www.econbiz.de/10005360594
If official interventions convey private information useful for price discovery in foreign-exchange markets, then they should have value as a forecast of near-term exchange-rate movements. Using a set of standard criteria, we show that approximately 60 percent of all U.S. foreign-exchange...
Persistent link: https://www.econbiz.de/10009292981
This paper reviews Allan H. Meltzer's "A History of the Federal Reserve, Volume 2." This two-book volume covers Federal Reserve policies from 1951 to 1986. The book represents an enormous achievement in synthesizing a great amount of archival information into a historical account grounded on...
Persistent link: https://www.econbiz.de/10009395281
Once the Federal Reserve Banks started providing par interbank funds transfers, their check collection service was unnecessary to bring nationwide par check collection in competitive banking markets. The survival of non-par banks probably reflected the absence of competition in the markets where...
Persistent link: https://www.econbiz.de/10005729008
The 1987 stock market crash was a major systemic shock. Not only did the prices of many financial assets tumble, but market functioning was severely impaired. This paper reviews the events surrounding the crash and discusses the response of the Federal Reserve, which responded in a number of...
Persistent link: https://www.econbiz.de/10005721157