Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Discussion Paper
Herd Behavior in Financial Markets
Cipriani, Marco; Guarino, Antonio (2015-03-09)
Over the last twenty-five years, there has been a lot of interest in herd behavior in financial markets—that is, a trader’s decision to disregard her private information to follow the behavior of the crowd. A large theoretical literature has identified abstract mechanisms through which herding can arise, even in a world where people are fully rational. Until now, however, the empirical work on herding has been completely disconnected from this theoretical analysis; it simply looked for statistical evidence of trade clustering and, when that evidence was present, interpreted the clustering ...
Liberty Street Economics , Paper 20150309

Speech
Preparing for the Unknown
Williams, John C. (2021-11-17)
Remarks at the 2021 U.S. Treasury Market Conference (delivered via videoconference).
Speech

Speech
Welcoming Remarks: Thirteenth Annual International Banking Conference
Evans, Charles L. (2010-09-23)
Welcoming remarks delivered by Charles Evans before the Thirteenth Annual International Banking Conference on September 23, 2010, in Chicago, IL.
Speech , Paper 46

Working Paper
Cash-in-the-Market Pricing in a Model with Money and Over-the-Counter Financial Markets
Nosal, Ed; Mattesini, Fabrizio (2011-11-13)
Entrepreneurs need cash to finance their real investments. Since cash is costly to hold, entrepreneurs will underinvest. If entrepreneurs can access financial markets prior to learning about an investment opportunity, they can sell some of their less liquid assets for cash and, as a result, invest at a higher level. When financial markets are over-the-counter, the price that the entrepreneur receives for the assets that he sells depends on the amount of liquidity (cash) that is in the OTC market: Greater levels of liquidity lead to higher asset prices. Since asset prices are linked to ...
Working Paper Series , Paper WP-2013-24

Speech
Transcript of Lorie Logan on the Macro Musings Podcast
Logan, Lorie (2022-01-10)
A closer look at monetary policy operations, the Fed’s new Standing Repo Facility, and the future of the Fed’s balance sheet.
Speech

Report
Trading by Professional Traders: An Experiment
Cipriani, Marco; http://fedora:8080/fcrepo/rest/objects/authors/; De Filippis, Roberta; Guarino, Antonio (2020-08-01)
We examine how professional traders behave in two ﬁnancial market experiments; we contrast professional traders’ behavior to that of undergraduate students, the typical experimental subject pool. In our first experiment, both sets of participants trade an asset over multiple periods after receiving private information about its value. Second, participants play the Guessing Game. Finally, they play a novel, individual-level version of the Guessing Game and we collect data on their cognitive abilities, risk preferences, and conﬁdence levels. We ﬁnd three diﬀerences between traders and ...
Staff Reports , Paper 939

Speech
Weighing the risks to the economic outlook: remarks at a meeting of The Breakfast Group, Boston, Massachusetts, September 4, 2019
Rosengren, Eric S. (2019-09-04)
Speech , Paper 148

Discussion Paper
At the N.Y. Fed: The Transatlantic Economy: Convergence or Divergence?
Rouxel-Laxton, Valérie; Rey, Helene; Bertoldi, Moreno; Pesenti, Paolo (2016-06-03)
On April 18, 2016, the New York Fed hosted a conference on current and future policy directions for the linked economies of Europe and the United States. “The Transatlantic Economy: Convergence or Divergence?”—organized jointly with the Centre for Economic Policy Research and the European Commission—brought together U.S. and Europe-based policymakers, regulators, and academics to discuss a series of important issues: Are the economies of the euro area and the United States on a convergent or divergent path? Are financial regulatory reforms making the banking and financial structures ...
Liberty Street Economics , Paper 20160603

Working Paper
Deposit Convexity, Monetary Policy and Financial Stability
Greenwald, Emily; Schulhofer-Wohl, Sam; Younger, Josh (2023-10-10)
In principle, bank deposits can be withdrawn on demand. In practice, depositors tend to maintain stable balances for long periods, allowing banks to fund long-dated assets. Nevertheless, the cost of deposit funding influences banks’ capacity for maturity transformation. Banks and researchers conventionally model the response of deposit interest rates to market interest rates as constant, implying that deposits have nearly constant duration. Contrary to this standard assumption, we show empirically that the “beta” of deposit rates to market rates increases as market rates rise, causing ...
Working Papers , Paper 2315

Financial Market Volatility in the Spring of 2025
Neely, Christopher J. (2025-06-20)
In April 2025, U.S. financial markets experienced a sharp, temporary rise in volatility. How did this level of volatility compare with the levels seen in other periods since 1990?
On the Economy

show more (1)

show more (31)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords