This testimony before the Subcommittee on Monetary Policy and Trade of the United States House of Representatives reviews the conduct of the Federal Reserve before, during, and after the 2008 financial crisis.

This testimony before the Legislative Finance Committee of the New Mexico Legislature discusses the educational attainment of students in New Mexico and the research containing the development of human capital through education.

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future...

This review examines a collection of lectures given by Ben Bernanke on the Federal Reserve's actions during the 2008 financial crisis.

This paper argues that failure resolution cannot yet be safely applied to certain firms that operate key financial market infrastructures used for clearing over-the-counter derivatives or tri-party repurchase agreements.

We use an extensive data set of bilateral exposures on credit default swap (CDS) to estimate the impact on collateral demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers into several key components, including the "velocity...

This paper updates estimations of labor-market returns to human capital by re-examining traditional measures that rely exclusively on school attainment and put too much weight on early-career earnings by incorporating adult skills over full lifecycle earnings in 22 countries.

Recently, we evaluated a fiscal consolidation strategy for the United States that would bring the government budget into balance by gradually reducing government spending relative to GDP to the ratio that prevailed prior to the crisis (Cogan et al, JEDC 2013). Specifically, we published an...

This paper examines explanations of the low inflation and slow growth of the economic recovery after the 2008 financial crisis.

This testimony reviews my analysis and evaluation of the legislation, "Requirements for Policy Rules for the Federal Open Market Committee" (Section 2 of The Federal Reserve Accountability and Transparency Act). The legislation takes account of research on the practical experiences with monetary...