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The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
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| Browse the Economic Policy Review: | |||
| Volume 8, Number 1 May 2002 |
|
Financial Innovation and Monetary Transmission |
Opening Remarks 3 pages / 41 kbWilliam J. McDonough |
| Distinguished Address Monetary Policy Transmission: Past and Future Challenges 5 pages / 75 kbPaul A. Volcker |
| Overview The Monetary Transmission Mechanism: Some Answers and Further Questions 12 pages / 145 kbKenneth N. Kuttner and Patricia C. Mosser |
| Session 1: The Reserves Market The Announcement Effect: Evidence from Open Market Desk Data 20 pages / 226 kbSelva Demiralp and Oscar Jordá |
| Commentary4 pages / 58 kb Charles L. Evans |
| Are U.S. Reserve Requirements Still Binding? 16 pages / 573 kb Paul Bennett and Stavros Peristiani View executive summary (HTML) |
| Commentary3 pages / 43 kb James A. Clouse |
| Roundtable Discussion—Monetary Policy in the New Millennium: The Evolution of Central Banks’ Operating Procedures and Practices |
| Recent Trends in Monetary Policy Implementation: A View from the Desk4 pages / 82 kb Sandra C. Krieger |
| Interest on Reserves and Monetary Policy 8 pages / 481 kb Marvin Goodfriend |
| Financial Market Efficiency and the Effectiveness of Monetary Policy10 pages / 130 kb Michael Woodford |
| Session 2: The Macroeconomic Environment Assessing Changes in the Monetary Transmission Mechanism: A VAR Approach 15 pages / 185 kbJean Boivin and Marc Giannoni View executive summary (HTML) |
| Commentary4 pages / 58 kb Mark W. Watson |
| Monetary Policy Transmission through the Consumption-Wealth Channel17 pages / 240 kb Sydney Ludvigson, Charles Steindel, and Martin Lettau View executive summary (HTML) |
| Commentary4 pages / 50 kb Stephen P. Zeldes |
| Monetary Policy Transmission to Residential Investment20 pages / 225 kb Jonathan McCarthy and Richard W. Peach View executive summary (HTML) |
| Commentary3 pages / 47 kb Christopher Mayer |
| Houses as Collateral: Has the Link between House Prices and Consumption in the U.K. Changed?15 pages / 188 kb Kosuke Aoki, James Proudman, and GertjanVlieghe |
| Commentary4 pages / 62 kb Simon Gilchrist |
| On the Causes of the Increased Stability of the U.S. Economy20 pages / 224 kb James A. Kahn, Margaret M. McConnell, and Gabriel Perez-Quiros View executive summary (HTML) |
| Commentary4 pages / 55 kb Spencer Krane |
| Keynote Address Understanding Financial Consolidation 5 pages / 68 kbRoger W. Ferguson, Jr. |
| Session 3: Financial Markets and Institutions Credit Effects in the Monetary Mechanism 19 pages / 273 kbCara S. Lown and Donald P. Morgan View executive summary (HTML) |
| Commentary5 pages / 72 kb John C. Driscoll |
| Securitization and the Efficacy of Monetary Policy 13 pages / 556 kb Arturo Estrella View executive summary (HTML) |
| Commentary2 pages / 37 kb Sonya W. Stanton |
| Does Bank Capital Matter for Monetary Transmission?7 pages / 100 kb Skander J. Van den Heuvel |
| Commentary4 pages / 55 kb Jeremy C. Stein |
| Financial Consolidation and Monetary Policy 14 pages / 154 kb William B. English |
| Commentary5 pages / 67 kb Ignazio Angeloni |
