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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
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Loss aversion, asymmetric market comovements, and the home bias
Amonlirdviman, Kevin; Carvalho, Carlos - Federal Reserve Bank of New York - 2010
Loss aversion has been used to explain why a high equity premium might be consistent with plausible levels of risk … similarly to investors with high risk aversion. But if so, should these agents not perceive larger gains from international … diversification than standard expected-utility preference agents with plausible levels of risk aversion? They might not, because …
Persistent link: https://www.econbiz.de/10008636192
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The private premium in public bonds
Kovner, Anna; Wei, Chenyang - Federal Reserve Bank of New York - 2012
This paper is the first to document the presence of a private premium in public bonds. We find that spreads are 31 basis points higher for public bonds of private companies than for bonds of public companies, even after controlling for observable differences, including rating, financial...
Persistent link: https://www.econbiz.de/10010551296
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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
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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
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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
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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
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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
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Up close it feels dangerous: 'anxiety' in the face of risk
Eisenbach, Thomas M.; Schmalz, Martin C. - Federal Reserve Bank of New York - 2013
Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent--one who … is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features … structure of risk premia, which are found empirically. Since such preferences can lead to dynamic inconsistencies with respect …
Persistent link: https://www.econbiz.de/10010640517
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How important is the stock market effect on consumption?
Ludvigson, Sydney; Steindel, Charles - Federal Reserve Bank of New York - 1998
The 1990s have seen astonishing growth in the stock market portfolios of Americans, which many have argued has been a major force behind the growth of consumer spending. This paper reviews the relationship between the stock market and the consumer. Using a variety of econometric techniques and...
Persistent link: https://www.econbiz.de/10005717211