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Conference Paper
How should public infrastructure be financed?
Conference Paper
The future outlook for Social Security: address
Working Paper
Fiscal Federalism and European Integration: Implications for Fiscal and Monetary Policies
This paper examines European economic integration in light of standard thinking about fiscal federalism. We first describe the main features of European integration, analyzing how institutions in the European Union fit the prescriptions of a federal system. We find that in some areas the European Union has already developed arrangements that fit standard views of fiscal federalism, in other areas there is gradual movement toward prescribed arrangements, and in still other areas the European Union s unique historical path may suggest some interesting new departures in the federalism ...
Conference Paper
The Board's modeling work in the 1960s
Journal Article
The channels of monetary policy
Journal Article
The Federal Reserve-MIT economic model
Journal Article
Statement to Congress, July 21, 1999 (financial privacy issues)