In this paper we study whether policy makers should wait to intervene until a financial crisis strikes or rather act in a preemptive manner. We study this question in a relatively simple dynamic stochastic general equilibrium model in which crises are endogenous events induced by the presence of...

In the aftermath of the global nancial crisis, a new policy paradigm has emerged in which old-fashioned policies such as capital controls and other government distor- tions have become part of the standard policy toolkit (the so-called macro-prudential policies). On the wave of this seemingly...

The American European Community Association, Brussels, Belgium, April 16, 2007

Presentation to the Missouri Bankers Association Senior Bank Management Conference, Acapulco, Mexico - Jan. 15, 2001

Global Interdependence Center, Annual Black Tie Gala in Celebration of Greece, Philadelphia, Penn., July 25, 2007

Remarks prepared for 16th Annual Monetary Conference, Cato Institute, Washington, D.C. - Oct. 22, 1998

Presentation at the University of Missouri-Columbia - Nov. 4, 1999

European Economics & Financial Centre Conference, London, Sept. 6, 2007

Presentation at the Annual Global Student Investment Forum - R.I.S.E. VI (Redefining Investment Strategy Education) University of Dayton, Dayton, Ohio, March 30, 2006

Presentation to the Money Marketeers of New York University, New York City - Sept. 21, 1999