Search Results
Journal Article
Capital controls by any other name
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.
Journal Article
Commodity price gains: speculation vs. fundamentals
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.
Journal Article
Speculation in the oil market
Disentangling the true drivers of oil prices is a critical first step for allocating resources and designing good policy.
Journal Article
Mexico's oportunidades program fails to make the grade in NYC
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.
Journal Article
Coming to America: covered bonds?
Ultimately, covered bonds and ABS are complements, not substitutes.
Journal Article
Unemployment and the role of monetary policy
On balance, the figure suggests that structural unemployment during economic downturns has increased since 1991.
Journal Article
Why health care matters and the current debt does not
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.
Journal Article
Food prices and inflation in emerging markets
The experience of the past decade illustrates the sensitivity of inflation in emerging markets to rapidly rising food prices.
Journal Article
Quantitative easing: lessons we've learned
Journal Article
Asset prices and their effect on the U.S. trade balance
Pronounced cycles and booms in asset prices have usually accompanied widening trade deficits.