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Inflation expectations and behavior: Do survey respondents act on their beliefs?

Armantier, Olivier; Bruin, Wändi Bruine de; Topa, Giorgio - Federal Reserve Bank of New York - 2011

We compare the inflation expectations reported by consumers in a survey with their behavior in a financially incentivized investment experiment designed such that future inflation affects payoffs. The inflation expectations survey is found to be informative in the sense that the beliefs reported...

Persistent link: https://www.econbiz.de/10009274483

Negative equity and housing investment

Haughwout, Andrew; Sutherland, Sarah; Tracy, Joseph - Federal Reserve Bank of New York - 2013

investments. Housing investment expenditures economy-wide are sizable, averaging 45 percent of the value of new home construction … investments by roughly 75 percent. The large increase in negative equity due to declining housing prices during the housing bust …

Persistent link: https://www.econbiz.de/10010699376

Heterogeneity and stability: bolster the strong, not the weak

Choi, Dong Beom - Federal Reserve Bank of New York - 2013

This paper provides a model of systemic panic among financial institutions with heterogeneous fragilities. Concerns about potential spillovers from each other generate strategic interaction among institutions, triggering a preemption game in which one tries to exit the market before the others...

Persistent link: https://www.econbiz.de/10010699383

Regulatory reform of the global financial system

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

Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong

Persistent link: https://www.econbiz.de/10010724984

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

Recent developments in key legal issues of international reserves investments

Thomas C. Baxter, Jr. - Federal Reserve Bank of New York - 2010

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.

Persistent link: https://www.econbiz.de/10010725008

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and central bank immunity in the United States

Thomas C. Baxter, Jr. - Federal Reserve Bank of New York - 2010

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.

Persistent link: https://www.econbiz.de/10010725029

Regulatory reform of the global financial system

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

Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.

Persistent link: https://www.econbiz.de/10010725049

No good deals—no bad models

Boyarchenko, Nina; Cerrato, Mario; Crosby, John; … - Federal Reserve Bank of New York - 2012

Faced with the problem of pricing complex contingent claims, investors seek to make their valuations robust to model uncertainty. We construct a notion of a model-uncertainty-induced utility function and show that model uncertainty increases investors’ effective risk aversion. Using this...

Persistent link: https://www.econbiz.de/10011027208

Doing well by doing good? Community development venture capital

Kovner, Anna; Lerner, Josh - Federal Reserve Bank of New York - 2012

This paper examines the investments and performance of community development venture capital (CDVC). We find … substantial differences between CDVC and traditional venture capital (VC) investments: CDVC investments are far more likely to be … earlier-stage investments and in industries outside the venture capital mainstream that have lower probabilities of successful …

Persistent link: https://www.econbiz.de/10010585872