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Journal Article
Financial regulatory reform: a progress report
The 2007-09 financial and economic crisis was the result of a lack of effective regulation. The author addresses the problems with regulations in effect at the time of the crisis and offers proposals for regulation reform to address future crises. He notes that reforms should be based on solid principles, including reduction of system risk and contagion and increased transparency to promote investor protection. Any new financial regulatory structure must be able to achieve these goals, while acknowledging and managing trade-offs between enhancing accountability and mitigating systemic risk ...
Conference Paper
Financial factors in business fluctuations
Conference Paper
Globalization and global disinflation : commentary
Conference Paper
Is there a \"credit channel\" for monetary policy?
Journal Article
Is there a \\"credit channel\\" for monetary policy?
Conference Paper
Commentary: activist fiscal policy to stabilize economic activity