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| Our economists produce publications and working papers of interest to policymakers, academics, business and banking professionals, and the general public. More » |
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Features |
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| The Role of Money Markets On May 29-30,2008, Columbia Business School and the Federal Reserve Bank of New York will cosponsor a conference that brings together scholars and policymakers interested in the theoretical and applied aspects of money markets, including cross-country comparative analysis. |
| Featured Economist |
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 Kenneth GarbadeKenneth Garbade is the author of Discretionary Control of Aggregate Economic Activity (Lexington Books, 1975), Securities Markets (McGraw Hill, 1982), Fixed Income Analytics (MIT Press, 1996), and Pricing Corporate Securities as Contingent Claims (MIT Press, 2001), as well as articles in scholarly journals. He graduated from the California Institute of Technology in 1968 with a Bachelor of Science in physics and history and from Princeton University in 1975 with a Ph.D in economics. | |
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Recent Articles
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 The Price of Land in the New York Metropolitan AreaThe authors rely on a unique data set to calculate and analyze the price of vacant land in the New York metro area between 1999 and mid-2006. By Andrew Haughwout, James Orr, and David Bedoll, Current Issues in Economics and Finance Second District Highlights (14) 3, April/May 2008 |
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 Globalization and Inflation Dynamics: The Impact of Increased CompetitionThis paper analyzes the potential effect of global market competition on inflation dynamics. By Argia M. Sbordone, Staff Reports 324, April 2008 |
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| Optimal Monetary Policy under Sudden Stops Emerging market economies often face sudden stops in capital inflows or reduced access to the international capital market. By Vasco Cúrdia, Staff Reports 323, April 2008 |
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| Trends and Developments in the Economy of Puerto Rico The authors present an overview of Puerto Rico’s economy, examining its basic characteristics, long-term industry and labor trends, and prospects for growth. By Jason Bram, Francisco E. Martínez, and Charles Steindel, Current Issues in Economics and Finance Second District Highlights (14) 2, March 2008 |
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 An Economic Analysis of Liquidity-Saving MechanismsThis article analyzes the performance of RTGS systems with and without the addition of an LSM. By Antoine Martin and James McAndrews, Economic Policy Review, Forthcoming |
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