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Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and … internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the … responsibilities of the central bank as a lender of last resort. However, recent research by the authors has shown that confidential …
Persistent link: https://www.econbiz.de/10005428528
April 16, 2012. "Hawks, Doves, Bubbles, and Inflation Targets" Presented at the George S. Eccles Distinguished Lecture, Jon M. Huntsman School of Business, Utah State University.
Persistent link: https://www.econbiz.de/10010727321
April 16, 2012. "Hawks, Doves, Bubbles, and Inflation Targets" Presented at the George S. Eccles Distinguished Lecture, Jon M. Huntsman School of Business, Utah State University.
Persistent link: https://www.econbiz.de/10010551278
Remarks at the Fordham Corporate Law Center Lecture, New York.
Persistent link: https://www.econbiz.de/10010725005
Remarks at the Fordham Corporate Law Center Lecture, New York.
Persistent link: https://www.econbiz.de/10008635785
Persistent link: https://www.econbiz.de/10005419828
We build a summary measure of labor market pressure that captures the common movement among a variety of labor market series. Obtained as the labor market series’ first principal component, this measure explains a large portion of the variability of the underlying series. For this reason, it...
Persistent link: https://www.econbiz.de/10005420085
Persistent link: https://www.econbiz.de/10005420188
A 1977 amendment to the Federal Reserve Act states that the Fed’s mandate is “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” Moderate long-term interest rates require low and stable inflation. Monetary policymakers use...
Persistent link: https://www.econbiz.de/10008862178
Remarks at New York University's Stern School of Business, New York City.
Persistent link: https://www.econbiz.de/10008862192