This paper examines the magnitude and persistence of the mortgage rate pass-through in response to U.S. monetary policy surprises. The policy surprises are measured by both the surprise changes to the target federal funds rate (the target factor) and surprises in the future direction of the...

This study examines whether bank risk is a factor influenced by chief executive officer (CEO) power and equity incentives and the interaction between these factors during 2005 through 2009 which marks the unraveling of the financial crisis. CEO power is measured with an index comprised of five...