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Global Perspectives: Tom Luce on Public Service, Education Reform

Luce and Dallas Fed President Rob Kaplan discussed his career in law and public service, his decision to become a lawyer and the key challenges facing the U.S. education system.
Dallas Fed Economics

Fed’s Mortgage-Backed Securities Purchases Sought Calm, Accommodation During Pandemic

We explore the Federal Reserve’s purchases of agency MBS—mortgage bonds guaranteed by Ginnie Mae, Fannie Mae and Freddie Mac—and related market dynamics during the pandemic, including why mortgage rates fell to historic lows.
Dallas Fed Economics

Don’t Look to Oil Companies to Lower High Retail Gasoline Prices

While U.S. retail gasoline prices in many regions have remained stubbornly high since March, this situation reflects frictions in the retail gasoline market rather than the supply of oil or the price of oil.
Dallas Fed Economics

Journal Article
Revitalizing the American dream

Economics Update , Issue Apr , Pages 4, 10

Journal Article
Does income equality spur growth?

Economics Update , Issue Jan , Pages 4

Conference Paper
America's industrial renaissance

Proceedings

Conference Paper
The merger boom: an overview

Conference Series ; [Proceedings] , Volume 31 , Pages 1-16

Journal Article
Do New England's public schools need finance reform? (Accountability and education reform, part 1)

Fiscal Facts , Issue Fall , Pages 1-5

Journal Article
Monetary policy and the behavior of long-term real interest rates

A time-honored description of the "monetary transmission channel" suggests that the Fed controls the federal funds rate, which affects the rates on longer-term credit market instruments, which affect the expected real (inflation-adjusted) rates on longer-term instruments, which affect real spending on interest-sensitive goods, which affects unemployment and inflation. And yet one key link in the chain, the expected real long-term interest rate, is not observable.> This article explores the link between the behavior of monetary policy and inferences about the behavior of the expected ...
New England Economic Review , Issue Sep , Pages 39-52

Speech
Challenges in resolving systemically important financial institutions.

Presentation by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The Institute of Regulation and Risk North Asia, Hong Kong, May 5, 2009
Speech , Paper 26

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