Journal Article
Capital controls by any other name
Fawley, Brett W.; Juvenal, Luciana (2011)
The embrace of ad hoc capital controls to address temporary market inefficiencies on a case-by-case basis, while pragmatic, perpetuates the view that each capital crisis is an isolated example of failed financial institutions.
Economic Synopses

Journal Article
Commodity price gains: speculation vs. fundamentals
Juvenal, Luciana; Fawley, Brett W. (2011-07)
Commodities of all sorts have risen in price over the past few years. Some say that the prices reflect a bubble, driven by low interest rates and excessive speculation. Others say the price gains can be fully explained by supply and demand.
The Regional Economist , Issue July , Pages 4-9

Working Paper
Capital flows and Japanese asset volatility
Fawley, Brett W.; Neely, Christopher J. (2011)
Characterizing asset price volatility is an important goal for financial economists. The literature has shown that variables that proxy for the information arrival process can help explain and/or forecast volatility. Unfortunately, however, obtaining good measures of volume and/or order flow is expensive or difficult in decentralized markets such as foreign exchange. We investigate the extent that Japanese capital flows?which are released weekly?reflect information arrival that improves foreign exchange and equity volatility forecasts. We find that capital flows can help explain transitory ...
Working Papers , Paper 2011-034

Journal Article
Mexico's oportunidades program fails to make the grade in NYC
Juvenal, Luciana; Fawley, Brett W. (2010-07)
A program that pays poor, rural Mexican families to keep their children in school didn't translate well to New York City. The latter's version will end this summer.
The Regional Economist , Issue Jul , Pages 10-11

Journal Article
Coming to America: covered bonds?
Fawley, Brett W.; Juvenal, Luciana (2012)
Ultimately, covered bonds and ABS are complements, not substitutes.
Economic Synopses

Journal Article
The great Chinese housing boom
Wen, Yi; Fawley, Brett W. (2013)
Significant store-of-value demand for housing suggests a bubble that could burst, especially when both the household income growth rate and the savings rate start to decline and capital controls in China start to relax.
Economic Synopses

Journal Article
Unemployment and the role of monetary policy
Fawley, Brett W.; Juvenal, Luciana (2010)
On balance, the figure suggests that structural unemployment during economic downturns has increased since 1991.
Economic Synopses

Journal Article
Low inflation in a world of securitization
Wen, Yi; Fawley, Brett W. (2013)
Weak lending may still be the culprit behind low inflation, but monetary aggregates may no longer closely track credit conditions.
Economic Synopses

Newsletter
Exploiting exportation: why foreign exchange rates matter
Fawley, Brett W. (2010-04)
The emphasis on global economics is here to stay, but how does it affect the average citizen? The April 2010 Newsletter examines the links between foreign exchange rates and global trade and explains the effect on U.S. prices and import/export trading.
Liber8 Economic Information Newsletter , Issue April

Journal Article
Why health care matters and the current debt does not
Juvenal, Luciana; Fawley, Brett W. (2011-10)
All of the attention given to raising the debt ceiling this past summer might lead some to believe that spending by the federal government only recently became unsustainable. Hardly. We've been on this path a long time.
The Regional Economist , Issue Oct , Pages 4-5