Presentation to the Greater Phoenix Chamber of Commerce, Phoenix, AZ, November 15, 2011

Presented at CFA Society of St. Louis. November 15, 2011.

Is uncertainty causing small business owners to behave in ways that are hindering the recovery? That question is at the center of an intense public debate. Though reasonable arguments have been presented on both sides, there is not much empirical evidence to draw on. To contribute some to the...

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...

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.'...