The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Housing Activity, Home Values, and Consumer Spending With Charles Steindel Innovations in Real Estate Markets: Risks, Rewards, and the Role of Regulation, Federal Reserve Bank of Chicago Annual Conference on Bank Structure and CompetitionMay 2006 34 pages
Are Home Prices the Next 'Bubble'? With Richard W. Peach FRBNY Economic Policy ReviewVolume 10, Number 3 (December 2004), 1-17
Investment Patterns by Type and Industry: What Do They Tell Us About the Boom and the Bust? FRBNY Current Issues In Economics and FinanceVolume 10, Number 6, May 2004
Capital Overhangs: Has Equipment Investment Spending Suffered from a Hangover? Business EconomicsVolume 38, Number 4 (October 2003), 20-27
Monetary Policy Transmission to Residential Investment With Richard W. Peach FRBNY Economic Policy ReviewVolume 8, Number 1 (May 2002), 139-158
Equipment Expenditures since 1995: The Boom and the Bust FRBNY Current Issues in Economics and FinanceVolume 7, Number 9, October 2001
National and Regional Factors in the New York Metropolitan Economy With Charles Steindel FRBNY Economic Policy ReviewVolume 3, No. 1 (February 1997), 5-19
Debt, Delinquencies, and Consumer Spending FRBNY Current Issues in Economics and FinanceVolume 3, Number 3, February 1997
Imperfect Insurance and Differing Propensities to Consume Across Households Journal of Monetary Economics36 (1995), 301-327
The Impact of Individual Retirement Accounts on Savings With Han N. Pham FRBNY Current Issues In Economics and FinanceVolume 1, Number 6, September 1995
Jonathan McCarthy's CVThe views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.