| Home |
 |
|
|
| Our economists produce publications and working papers of interest to policymakers, academics, business and banking professionals, and the general public. More » |
|
Features |
|
| 2008 Money and Payments Workshop: Implementing Monetary Policy This year’s annual Money and Payments Workshop will focus on monetary policy implementation, that is, the process by which central banks affect interest rates and, ultimately, the level of prices and general economic activity. The purpose of the workshop is to bring together academics and other researchers this issue and other new developments in monetary and payments economics. The submission deadline is August 1, 2008. |
| Featured Economist |
|
 Linda GoldbergLinda Goldberg is a Vice President of International Research at the Federal Reserve Bank of New York, and a Research Associate of the NBER. Main research interests are in international macroeconomics, on exchange rates and real economic activity, on the international role of the dollar, and international banking. Linda has a PhD in Economics from Princeton University (awarded 1988), and a B.A. in Mathematics and Economics, from Queens College, City University of New York, where she graduated with the Honors of Phi Beta Kappa and Summa Cum Laude. Linda is graduate of the Bronx High School of Science. | |
|
Recent Articles
|
|
 The Welfare Effects of a Liquidity-Saving MechanismThis paper considers the welfare effect of introducing a liquidity-saving mechanism (LSM) in a real-time gross settlement (RTGS) payment system. We study the planner’s problem to get a better understanding of the economic role of an LSM and find that an LSM can achieve the planner’s allocation for some parameter values. By Enghin Atalay, Antoine Martin, and James McAndrews, Staff Reports 331, June 2008 |
|
|
|
| Corporate Performance, Board Structure, and Their Determinants in the Banking Industry The subprime crisis highlights how little we know about the governance of banks. This paper addresses a long-standing gap in the literature by analyzing board governance using a sample of banking firm data that spans forty years. By Renee B. Adams and Hamid Mehran, Staff Reports 330, June 2008 |
|
|
|
 Why the U.S. Treasury Began Auctioning Treasury Bills
in 1929This article explains that the Treasury began auctioning bills to mitigate flaws in the structure of its financing operations that had become apparent during the 1920s. By Kenneth D. Garbade, Economic Policy Review, Forthcoming |
|
|
|
| Inflation Dynamics in a Small Open-Economy Model under Inflation Targeting: Some Evidence from Chile This paper estimates a small open-economy dynamic stochastic general equilibrium (DSGE) model, specified along the lines of Galí and Monacelli (2005) and Lubik and Schorfheide (2007), using Chilean data for the full inflation-targeting period of 1999 to 2007. By Marco Del Negro and Frank Schorfheide, Staff Reports 329, June 2008 |
|
|
|
| Global Trends in Large-Value Payments
This article presents ten major long-range trends in the settlement of large-value payments worldwide. By Morten L. Bech, Christine Preisig, and Kimmo Soramäki, Economic Policy Review, Forthcoming |
|
|
|
| Liquidity and Leverage The authors present evidence that marked-to-market leverage is strongly procyclical and argue that such behavior has aggregate consequences. By Tobias Adrian and Hyun Song Shin, Staff Reports 328, May 2008 |
|
|
|
| An Economic Perspective on the Enforcement of Credit Arrangements: The Case of Daylight Overdrafts in Fedwire This article discusses how the Federal Reserve manages its credit risk exposure associated with daylight overdrafts. By Antoine Martin and David C. Mills, Economic Policy Review, Forthcoming |
|
|
|
| More » |
RSS Feed