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Journal Article
The search for a stable money demand equation
Duprey, James N.
(1980-07)
Quarterly Review
, Volume 4
, Issue Sum
Journal Article
Too big to fail: the hazards of bank bailouts
Feldman, Ron J.; Stern, Gary H.
(2008-05)
Excerpts from the 2004 book, ?Too Big To Fail: The Hazards of Bank Bailouts,? by Gary H. Stern and Ron J. Feldman.
The Region
, Volume 22
, Issue May
, Pages 12-17
Report
Application of weighted residual methods to dynamic economic models
McGrattan, Ellen R.
(1998)
Staff Report
, Paper 232
Journal Article
Have we only just begun? challenges in implementing the Gramm-Leach-Bliley regime
Feldman, Ron J.; Lyon, James M.; Willardson, Niel D.
(2000-03)
The Region
, Volume 14
, Issue Mar
, Pages 1-13, 54-55
Report
Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Schulhofer-Wohl, Sam; Dinkelman, Taryn
(2015-01-09)
The direct benefits of infrastructure in developing countries can be large, but if new infrastructure induces in-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household electrification in South Africa, we demonstrate the importance of accounting for migration when evaluating welfare gains of spatial programs. We also provide a practical approach to computing welfare gains that does not rely on land prices. We develop a location choice model that incorporates missing land markets and allows for congestion in local land. ...
Staff Report
, Paper 506
Working Paper
The time consistency of monetary and fiscal policies
Neumeyer, Pablo Andrés; Kehoe, Patrick J.; Alvarez, Fernando
(2002)
Are optimal monetary and fiscal policies time consistent in a monetary economy? Yes, but if and only if under commitment the Friedman rule of setting nominal interest rates to zero is optimal. This result is of applied interest because the Friedman rule is optimal for the standard preferences used in applied work, those consistent with the growth facts. (Replaced by Staff Report No: 305)
Working Papers
, Paper 616
Discussion Paper
Should We Worry About Excess Reserves?
Phelan, Christopher
(2015-11-03)
Banks in the United States have the potential to increase liquidity suddenly and significantly?from $12 trillion to $36 trillion in currency and easily accessed deposits?and could thereby cause sudden inflation. This is possible because the nation?s fractional banking system allows banks to convert excess reserves held at the Federal Reserve into bank loans at about a 10-to-1 ratio. Banks might engage in such conversion if they believe other banks are about to do so, in a manner similar to a bank run that generates a self-fulfilling prophecy. {{p}} Policymakers could guard against this ...
Economic Policy Paper
, Paper 15-8
Journal Article
Run over by gas
Jossi, Frank
(2009-03)
E85 is losing the battle with cheap gas, but promise for ethanol might lurk in other blends.
Fedgazette
, Volume 21
, Issue Mar
, Pages 12-14
Journal Article
A dynamic economy means churning employment
Grunewald, Rob
(2005-03)
Fedgazette
, Volume 17
, Issue Mar
, Pages 19
Working Paper
Re‐assessing the Spatial Mismatch Hypothesis
Card, David; Rothstein, Jesse; Yi, Moises
(2025-10-31)
We use detailed location information from the Longitudinal Employer‐Household Dynamics (LEHD) database to develop new evidence on the effects of spatial mismatch on the relative earnings of Black workers in large US cities. We classify workplaces by the size of the pay premiums they offer in a two‐way fixed effects model, providing a simple metric for defining “good” jobs. We show that: (a) Black workers earn nearly the same average wage premiums as whites; (b) in most cities Black workers live closer to jobs, and closer to good jobs, than do whites; (c) Black workers typically ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 116
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