In this paper, we use the 2006 Egypt Labor Market Panel Survey to gauge and compare the effects of parent-specific characteristics, namely the educational attainment and the contributions made by the mother and the father to marriage costs, on children's welfare, which we measure by the...

We establish the importance of government corruption and youth literacy for their effects on Youth Reproductive Health (YRH), with particularly strong effects on adolescent girls, in sub-Saharan Africa (SSA). We identify the magnitude of these previously unspecified factors in the reproductive...

Understanding the formation of consumer inflation expectations is considered crucial for managing monetary policy. This paper investigates how consumers form and update their inflation expectations using a unique information experiment embedded in a survey. We first elicit respondents'...

To conduct academic research on the federal funds (fed funds) market, historically one of the most important financial markets in the U.S., some empirical economists have used market level measures published by the Markets Group at the Federal Reserve Bank of New York (FRBNY). To obtain more...

During the Great Recession, the Federal Reserve implemented several novel programs to address adverse conditions in financial markets. Three of these temporary programs relied on an auction mechanism: the Term Auction Facility, the Term Securities Lending Facility, and the disposition of the...

The proposed 2008 TARP auction was intended to facilitate rapid purchases by the U.S. department of Treasury of a wide array of mortgage-backed securities in order to remove these “toxic assets” from the portfolios of financially stressed banks. The Treasury had selected a Reference Price...