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The Economic Letter is adapted from remarks by Janet L. Yellen, President and CEO of the Federal Reserve Bank of San Francisco, delivered to the Los Angeles Chapter of the National Association of Business Economists in Los Angeles on January 19, 2006
Persistent link: https://www.econbiz.de/10005490537
This Economic Letter is adapted from a speech delivered by Janet L. Yellen, president and CEO of the Federal Reserve Bank of San Francisco, on January 4, 2009, to the Andrew Brimmer Policy Forum during the IBEFA/ASSA meeting held in San Francisco.
Persistent link: https://www.econbiz.de/10005490692
This Economic Letter is adapted from speeches delivered by Janet L. Yellen, president and CEO of the Federal Reserve Bank of San Francisco, on September 4 and 5, 2008, to a group of community leaders in Salt Lake City, Utah, and to the Rotary Club of Los Angeles, respectively.
Persistent link: https://www.econbiz.de/10005490715
Presentation to the Fourth Annual Haas Gala, San Francisco, CA, October 21, 2005
Persistent link: https://www.econbiz.de/10005490754
Speech to the annual Washington Policy Conference sponsored by the National Association for Business Economics (NABE), March 13, 2006
Persistent link: https://www.econbiz.de/10005490757
Presentation to a San Diego community leaders’ luncheon, San Diego, California, September 8, 2005
Persistent link: https://www.econbiz.de/10005490758
Using New Keynesian models, we compare Friedman’s k-percent money supply rule to optimal interest rate setting, with respect to determinacy, stability under learning and optimality. We first review the recent literature. Open-loop interest rate rules are subject to indeterminacy and...
Persistent link: https://www.econbiz.de/10005423681
Persistent link: https://www.econbiz.de/10005415439
We examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia. Indeterminacy remains prevalent, stable sunspots abound, and inertia in IS and AS relations do not significantly impact the policy region containing stable sunspots.
Persistent link: https://www.econbiz.de/10005464106
This paper investigates whether changes in the monetary transmission mechanism as captured by the interest rate respond to variations in asset returns. We distinguish between low-volatility (bull) and high-volatility (bear) markets and employ a TVP-VAR approach with stochastic volatility to...
Persistent link: https://www.econbiz.de/10011204523