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Series:FRBSF Economic Letter 

Journal Article
The Fed crosses the Rubicon

FRBSF Economic Letter

Journal Article
New limits for the New Year

FRBSF Economic Letter

Journal Article
Productivity growth: causes and consequences - conference summary

This Economic Letter summarizes the papers presented at the conference "Productivity Growth: Causes and Consequences" held at the Federal Reserve Bank of San Francisco on November 18-19, 2005, under the sponsorship of the Bank's Center for the Study of Innovation and Productivity.
FRBSF Economic Letter

Journal Article
The base money paradox

FRBSF Economic Letter

Journal Article
Early warning indicators of banking sector distress

FRBSF Economic Letter

Journal Article
The current strength of the U.S. banking sector

FRBSF Economic Letter

Journal Article
Does OPEC set oil prices?

FRBSF Economic Letter

Journal Article
Understanding the Social Security debate

FRBSF Economic Letter

Journal Article
A sick man of Europe

FRBSF Economic Letter

Journal Article
Worst-case scenarios and asset prices

Investors have a hard time accounting for uncertainty when calculating how much risk they are willing to bear. They can use economic models to project future earnings, but many models are misspecified along important dimensions. One method investors appear to use to protect against particularly damaging errors in their model is by projecting worst-case scenarios. The responses to such pessimistic predictions provide insights that can explain many of the puzzles about asset prices.
FRBSF Economic Letter

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