Showing 1 - 10 of 61
The New York-New Jersey region entered a pronounced downturn in 2008, but the pace of decline eased considerably in spring 2009 and then leveled off in July, according to three key Federal Reserve Bank of New York economic indexes. These developments, in conjunction with a growing consensus that...
Persistent link: https://www.econbiz.de/10008627109
We study early default, defined as serious delinquency or foreclosure in the first year, among nonprime mortgages from the 2001 to 2007 vintages. After documenting a dramatic rise in such defaults and discussing their correlates, we examine two primary explanations: changes in underwriting...
Persistent link: https://www.econbiz.de/10005526316
This paper quantifies the welfare effects of a change in the nominal exchange rate using the example of the beer market. I estimate a structural econometric model that makes it possible to compute manufacturers' and retailers' pass-through of a nominal exchange-rate change, without observing...
Persistent link: https://www.econbiz.de/10005420580
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
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Persistent link: https://www.econbiz.de/10010724934
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724937
Remarks at the Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724940
Remarks at the Whitman School of Management at Syracuse University, Syracuse, New York.
Persistent link: https://www.econbiz.de/10010724941
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724942
Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Persistent link: https://www.econbiz.de/10010724943