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Author:Weinberg, John A. 

Journal Article
Opinion: Moral Hazard and Measurement Hazard

Econ Focus , Issue 2Q , Pages 44-44

Journal Article
Accounting for corporate behavior

Economic Quarterly , Volume 89 , Issue Sum , Pages 1-20

Journal Article
The Pursuit of Financial Stability: Essays from the Federal Reserve Bank of Richmond Annual Reports

These essays reflect much of the thinking we have done, some of it well before the financial crisis, on the sources of financial instability and the means by which public policy can promote stability. A unifying theme is that government interventions that protect creditors weaken the market discipline that might otherwise help to control risks in the financial system. This leaves us with recourse only to regulatory discipline. But as diligent and conscientious as we are in implementing financial regulation, our financial system will continue to face risks as financial market participants ...
Economic Quarterly , Issue 1Q , Pages 1-4

Journal Article
Inflation and unemployment: a layperson's guide to the Phillips curve

Economic Quarterly , Volume 93 , Issue Sum , Pages 201-227

Journal Article
Selling Federal Reserve payment services: one price fits all?

Economic Quarterly , Issue Fall , Pages 1-24

Working Paper
The adverse selection approach to financial intermediation: some characteristics of the equilibrium financial structure

This paper examines an adverse selection economy in which efficient resource allocation is supported by intermediary contracts (coalitions). Agents differ along an ex ante publicly observable dimension, so that the equilibrium arrangement yields a diverse set of financial arrangements among borrowers, lenders and intermediaries. Loans made by intermediaries would appear to be mispriced relative to a naive benchmark that ignores the (unobservable) adverse selection aspects of the environment. The model also yields an equilibrium mix of intermediated and direct finance which is broadly ...
Working Paper , Paper 95-05

Journal Article
The organization of private payment networks

Economic Quarterly , Issue Spr , Pages 25-44

Journal Article
Opinion : How many kinds of unemployment?

Econ Focus , Volume 14 , Issue 4Q , Pages 44

Journal Article
Cycles in lending standards?

Economic Quarterly , Issue Sum , Pages 1-18

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