Search Results
Working Paper
Understanding productivity: lessons from longitudinal microdata
This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the persistence of productivity differentials, the consequences of entry and exit, and the contribution of resource reallocation across firms to aggregate productivity growth. The research also reveals important factors correlated with productivity growth, such as managerial ability, technology use, human capital, and regulation. The more advanced literature in ...
Conference Paper
Educating managers and employees
Journal Article
Who should be in charge?
Speech
A new era of bank supervision
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Conference Paper
Succeeding by anticipating trends
Journal Article
The new risk management: the good, the bad, and the ugly
At one time, risk management was limited to insurance and the avoidance of lawsuits and accidents. The new risk management also includes using tools developed for pricing financial options for the management of financial risks within the firm. Trading in financial markets based on these tools can insulate companies from the risk of changes in interest rates, input prices, or currency fluctuations. In this article Philip H. Dybvig and William J. Marshall introduce the new risk management and the policy choices firms should be considering.
Speech
A Microprudential Perspective on the Financial Risks of Climate Change
Remarks at the 2020 Climate Risk Symposium, Global Association of Risk Professionals (delivered via videoconference).
Conference Paper
People are the key to success
Conference Paper
Optimizing the decentralized approach