AbstractThe following sections are included:Overview of the Macroprudential ApproachIdentifying and Addressing Structural Forms of Systemic RiskIdentifying and Addressing Cyclical Forms of Systemic RiskCurrent ChallengesConclusion

Hong Kong and China are recovering impressively from global recession thanks to effective stimulus programs. But authorities worry that expansionary U.S. monetary policy may fuel asset bubbles in their economies. In the long run, the recession may nudge China toward increased domestic...

The Federal Reserve has responded to a severe recession by developing programs to bolster the financial system and restore economic growth. The Fed has the tools to unwind these programs when appropriate, maintaining price stability. The following is adapted from a speech delivered by the...

Presentation to the Commonwealth Club of California, San Francisco CA, June 30, 2009

This Economic Letter is adapted from a speech delivered by Janet L. Yellen, president and CEO of the Federal Reserve Bank of San Francisco, to the 18th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies on April 16, 2009, in New York City.

Presentation to the Haas Business School, University of California, Berkeley, Berkeley, CA