Stephen M. Miller uses money multiplier models to calculate the impact Edlin and Jaffee's proposal to sharply reduce excess banking reserves would have on the total supply of credit.

Approaching monetary policy as a principal-agent problem provides a useful framework for interpreting alternative delegation schemes. In this paper, we consider the effectiveness of central banker incentive schemes when the principal delegates monetary policy through contracts but remains...

We develop a Bayesian Vector Autoregressive Model (BVAR) to forecast home sales in Connecticut. In addition to home prices and mortgage interest rates, we also include measures of current and future economic conditions to see if these variables provide useful information with which to forecast...