This paper investigates the effectiveness of one of the Federal Reserve’s unconventional monetary policy tools, the term auction facility (TAF). At issue is whether the TAF reduced the spread between the London interbank offered rate (LIBOR) rates and equivalent-term Treasury rates by reducing...

Introductory Remarks for the Panel Discussion Sponsored by the Heller-Hurwicz Economics Institute and the Economic Club of Minnesota at the University of Minnesota, Minneapolis.

Remarks at the Third Annual Connecticut Bank and Trust Company Economic Outlook Breakfast, Hartford, Connecticut.

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at the Reserve Bank of Australia's 50th Anniversary Symposium, Sydney, Australia.

Remarks at the Center for Economic Policy Studies (CEPS) Symposium, Princeton, New Jersey.

Remarks at the Reserve Bank of Australia's 50th Anniversary Symposium, Sydney, Australia.

Remarks at the Center for Economic Policy Studies (CEPS) Symposium, Princeton, New Jersey.

Remarks at the Third Annual Connecticut Bank and Trust Company Economic Outlook Breakfast, Hartford, Connecticut.

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.