Presentation to the SPUR Business Breakfast Series, San Francisco, CA, April 4, 2012. ; President Williams presented similar remarks to the University of San Diego School of Business Administration in San Diego, California, on April 3, 2012.

Presentation to the 2012 Santa Barbara County Economic Summit, Santa Barbara, CA, May 3, 2012

Presentation to the CFA Hawaii Seventh Annual Economic Forecast Dinner, Honolulu, Hawaii, March 1, 2012

Presentation to the University of San Diego School of Business Administration, San Diego, CA. April 3, 2012

Oil price shocks are thought to have played a prominent role in U.S. economic activity. In this paper, we employ Bayesian methods with a dynamic stochastic general equilibrium model of world economic activity to identify the various sources of oil price shocks and economic fluctuation and to...

The consumption behaviour of U.K., U.S. and Japanese households is examined and compared using a modern Ando-Modigliani style consumption function. The models incorporate income growth expectations, income uncertainty, housing collateral and other credit effects. These models therefore capture...

The recent softness in the economic data looks much more like a bump in the road of what we already thought would be a gradual recovery, rather than a swerve into the ditch. ; Presentation to community leaders' luncheon, Portland, Oregon, July 28, 2010

"As I sit at the FOMC table, I continue to fret more about inflation than I do about growth. While I am well aware of the risks to economic growth, the history of inverted yield curves, and the ever present possibility of exogenous shocks in a politically hazardous world, the 'balance of risk,'...

Remarks before the Greater San Antonio Chamber of Commerce, San Antonio, Texas, July 29, 2010 ; "In whatever realm and whatever form, excessive uncertainty is the enemy of economic growth. As Ben Bernanke wrote in 1980, the 'resolution of uncertainty' can lead to '[a business] investment boom.'...

Remarks before the Association for Financial Professionals, San Antonio, Texas, November 8, 2010 ; "In sum, I asked that the FOMC consider that we might be prescribing the wrong medicine for the ailment from which our economy is suffering. Liquidity and abundant money are not the binding...