Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.

Related link : http://www.richmondfed.org/publications/research/region_focus/2009/winter/feature2_weblinks.cfm

A common view in the literature is that the effect of energy price shocks on macroeconomic aggregates is asymmetric in energy price increases and decreases. We show that widely used asymmetric vector autoregressive models of the transmission of energy price shocks are misspecified, resulting in...

Anadarko Petroleum Corp. Chief Executive Jim Hackett, who has been chairman of the Dallas Fed's board of directors since 2007, discusses some of the key issues facing the energy industry.

The Obama administration recently moved up the schedule for achieving the fuel efficiency standards set forth by Congress in the 2007 Energy Independence and Security Act. The deadline for meeting these standards is now vehicle model year 2016 instead of 2020.

Oil can be derived from oil sands and oil shale, but the job is both economically and environmentally costly. How high must the price of oil be in order to make these alternatives cost-effective?

Offsetting greenhouse-gas emissions is a burgeoning district industry with an uncertain future

To address global warming, most economists favor a focus on prices, not quantities.

In a stylized DSGE model with an energy sector, the optimal policy response to an adverse energy supply shock implies a rise in core inflation, a larger rise in headline inflation, and a decline in wage inflation. The optimal policy is well-approximated by policies that stabilize the output gap,...