-
-
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
-
-
-
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
-
-
-
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
-
-
-
We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
-
| 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 |
