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The U.S. economy, globalization, and inflation measurement (with brief references to brawls, beer, and bikinis)

Fisher, Richard W. - Federal Reserve Bank of Dallas - 2007

complicated by globalization--the freer flow of goods, services, money, ideas and people across national borders. Its present …

Persistent link: https://www.econbiz.de/10010726003

Banking globalization and international business cycles

Ueda, Kozo - Federal Reserve Bank of Dallas - 2010

spread immediately throughout the world owing to the globalization of banking. In the model, financial intermediaries (FIs … their net worths matter. Our model reveals that under FIs' globalization, adverse shocks that hit one country affect the …' globalization, net worth shock, and credit constraints are key to understanding the recent financial crisis. …

Persistent link: https://www.econbiz.de/10008498898

International capital flows and the boom-bust cycle in Spain

in 't Veld, Jan; Kollmann, Robert; Ratto, Marco; … - Federal Reserve Bank of Dallas - 2014

We study the joint dynamics of foreign capital flows and real activity during the recent boom- bust cycle of the Spanish economy, using a three-country New Keynesian model with credit- constrained households and firms, a construction sector and a government. We estimate the model using...

Persistent link: https://www.econbiz.de/10010778838

The U.S., Mexican, and border economies

Fisher, Richard W. - Federal Reserve Bank of Dallas - 2007

Remarks before a Federal Reserve Bank of Dallas Community Luncheon, Laredo, Texas, September 10, 2007. ; "It is fair to say that I am encouraged by what I have heard against a background of constant negative speculation and the occasional discordant note, such as last week's employment numbers....

Persistent link: https://www.econbiz.de/10010723056

The egocentricity of the present (prefaced by the tale of Ruth and Emma)

Fisher, Richard W. - Federal Reserve Bank of Dallas - 2008

"In building the bridge to restore financial order and efficiency, my primary interest is to do the minimum necessary to get the job done. And no more. In so doing, my hope is that we restore the long-term faith of the millions of risk takers who make our economy so mighty." ; Remarks before a...

Persistent link: https://www.econbiz.de/10010723086

Where we go from here : the crisis and beyond (with reference to P.G. Wodehouse, John Kenneth Galbraith, Alan Greenspan and an unnamed Eller College student)

Fisher, Richard W. - Federal Reserve Bank of Dallas - 2010

Remarks before the Eller College of Management, University of Arizona, Tucson, Arizona, March 30, 2010 ; "Generally, the data indicate that we will move down the field this year at about a 3 percent clip. It is less than we had grown accustomed to in the heyday before the crisis, and it may not...

Persistent link: https://www.econbiz.de/10010723087

Some alternative perspectives on macroeconomic theory and some policy implications

White, William R. - Federal Reserve Bank of Dallas - 2010

The macroeconomic theories and models favoured by academics, as well as those used more commonly by policymakers, effectively rule out by assumption economic and financial crises of the sort we are living through. In particular, the longer run dangers posed by the rapid expansion of credit and...

Persistent link: https://www.econbiz.de/10008598684

Export shocks and the zero bound trap

Fujiwara, Ippei - Federal Reserve Bank of Dallas - 2010

When a small open economy experiences a sufficiently large negative export shock, it is vulnerable to falling into a zero bound trap. In addition, such a shock can have very large impact on the economy compared to the case when the zero bound is not a binding constraint. This could be one...

Persistent link: https://www.econbiz.de/10008690997

Monetary policy strategy in a global environment

Moutot, Philippe; Vitale, Giovanni - Federal Reserve Bank of Dallas - 2009

Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are probably not yet completely understood. The process of continuous integration in trade, production and financial markets across countries and economic regions—which is what is...

Persistent link: https://www.econbiz.de/10005498677

Financial globalization, governance, and the evolution of the home bias

Kho, Bong-Chan; Stulz, Rene M.; Warnock, Francis E. - Federal Reserve Bank of Dallas - 2008

Standard portfolio theories of the home bias are disconnected from corporate finance theories of insider ownership. We merge the two into what we call the optimal ownership theory of the home bias. The theory has the following components. In countries with poor governance, it is optimal for...

Persistent link: https://www.econbiz.de/10005498678