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Dynamic prediction pools: an investigation of financial frictions and forecasting performance

Del Negro, Marco; Schorfheide, Frank; Hasegawa, Raiden B. - Federal Reserve Bank of New York - 2014

pools, and use it to investigate the relative forecasting performance of dynamic stochastic general equilibrium (DSGE …

Persistent link: https://www.econbiz.de/10010938565

An investigation of the gains from commitment in monetary policy

Schaumburg, Ernst (contributor); … - 2003 - [Elektronische Ressource]

This paper proposes a simple framework for analyzing a continuum of monetary policy rules characterized by differing degrees of credibility, in which commitment and discretion become special cases of what we call quasi commitment. The monetary policy authority is assumed to formulate optimal...

Persistent link: https://www.econbiz.de/10001783067

Comments on 'Financial Conditions Indexes: A New Look after the Financial Crisis'

Dudley, William - Federal Reserve Bank of New York - 2010

Remarks at the University of Chicago Booth School of Business Annual U.S. Monetary Policy Forum, New York City.

Persistent link: https://www.econbiz.de/10010724932

Asset bubbles and the implications for central bank policy

Dudley, William - Federal Reserve Bank of New York - 2010

Remarks at The Economic Club of New York, New York City.

Persistent link: https://www.econbiz.de/10010725001

Monetary cycles, financial cycles, and the business cycle

Adrian, Tobias; Estrella, Arturo; Shin, Hyun Song - Federal Reserve Bank of New York - 2010

activity. The economic rationale for this forecasting power usually appeals to expectations of future interest rates, which …One of the most robust stylized facts in macroeconomics is the forecasting power of the term spread for future real … affect the slope of the term structure. In this paper, we propose a possible causal mechanism for the forecasting power of …

Persistent link: https://www.econbiz.de/10008636190

Observations on the global economy and financial system

Checki, Terrence J. - Federal Reserve Bank of New York - 2013

Remarks at the IIF Annual Meeting of Latin America Chief Executives, Santiago, Chile.

Persistent link: https://www.econbiz.de/10010724988

U.S.economic policy in a global context

Dudley, William C. - Federal Reserve Bank of New York - 2011

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

Persistent link: https://www.econbiz.de/10010724999

What predicts U.S. recessions?

Moench, Emanuel; Liu, Weiling - Federal Reserve Bank of New York - 2014

We reassess the predictability of U.S. recessions at horizons from three months to two years ahead for a large number of previously proposed leading-indicator variables. We employ an efficient probit estimator for partially missing data and assess relative model performance based on the receiver...

Persistent link: https://www.econbiz.de/10010892319

Overnight RRP operations as a monetary policy tool: some design considerations

Martin, Antoine; Remache, Julie Ann; Frost, Joshua; … - Federal Reserve Bank of New York - 2015

We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors,...

Persistent link: https://www.econbiz.de/10011184286

The execution of monetary policy : a tale of two central banks

Bartolini, Leonardo (contributor); … - 2003 - [Elektronische Ressource]

The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...

Persistent link: https://www.econbiz.de/10001752004