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Bank:Federal Reserve Bank of Richmond 

Journal Article
Marshallian Cross Diagrams and Their Uses Before Alfred Marshall : The Origins of Supply and Demand Geometry

Economic Review , Volume 78 , Issue Mar , Pages 3-23

Journal Article
Fuzzy math : public pensions are underfunded - how bad is it?

Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2010/q3/cover_weblinks.cfm
Econ Focus , Volume 14 , Issue 3Q , Pages 14-17

Journal Article
Grundy moves on : town relocates to avoid floods

Econ Focus , Volume 8 , Issue Fall , Pages 10-11

Working Paper
Labor-Market Uncertainty and Portfolio Choice Puzzles

The standard theory of household-portfolio choice is hard to reconcile with the following facts: (i) Households hold a small amount of equity despite the higher average rate of return. (ii) The share of risky assets increases with the age of the household. (iii) The share of risky assets is disproportionately larger for richer households. We develop a life-cycle model with age-dependent unemployment risk and gradual learning about the income profile that can address all three puzzles. Young workers, on average asset poor, face larger labor-market uncertainty because of high unemployment risk ...
Working Paper , Paper 14-13

Journal Article
Niche banks and CRA

Cross Sections , Issue Win , Pages 10-11

Journal Article
ACH: getting paid and making payments automatically

Cross Sections , Issue Sum , Pages 4-5

Journal Article
On hold : Fifth District call centers are shedding workers due to technological improvements and globalization

Econ Focus , Volume 8 , Issue Win , Pages 27-29

Speech
VCU School of Business Commencement

Dean Sesnowitz; distinguished members of the faculty; proud parents and other family members; guests; and, of course most importantly, members of the Virginia Commonwealth University School of Business Class of 2004: thank you for your welcome and the privilege of sharing a few reflections with you this afternoon on this very special occasion. As accomplished students of business, you know that when a firm determines that a particular approach to some aspect of its business works in practice, it's a good idea to stick with the approach. The same is true in life more broadly. Sometime ago, the ...
Speech

Journal Article
Living Wills: A Tool for Curbing Too Big to Fail

Economist Arantxa Jarque and senior editor David A. Price explore an innovation of the Dodd-Frank Act of 2010, which requires the largest and most complex financial institutions to create resolution plans to follow if the institutions fall into severe financial distress. In these plans, or "living wills," the institutions must give regulators a roadmap for resolving them via the bankruptcy process -- without disrupting the financial system or resorting to public bailouts. Jarque and Price argue that living wills are a tool that regulators can use to curb the "too big to fail" problem ...
Economic Quarterly , Issue 1Q , Pages 77-94

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