Journal Article
Capital controls by any other name
Fawley, Brett W.; Juvenal, Luciana (2011)
The embrace of ad hoc capital controls to address temporary market inefficiencies on a case-by-case basis, while pragmatic, perpetuates the view that each capital crisis is an isolated example of failed financial institutions.
Economic Synopses

Journal Article
Commodity price gains: speculation vs. fundamentals
Juvenal, Luciana; Fawley, Brett W. (2011-07)
Commodities of all sorts have risen in price over the past few years. Some say that the prices reflect a bubble, driven by low interest rates and excessive speculation. Others say the price gains can be fully explained by supply and demand.
The Regional Economist , Issue July , Pages 4-9

Journal Article
Mexico's oportunidades program fails to make the grade in NYC
Juvenal, Luciana; Fawley, Brett W. (2010-07)
A program that pays poor, rural Mexican families to keep their children in school didn't translate well to New York City. The latter's version will end this summer.
The Regional Economist , Issue Jul , Pages 10-11

Journal Article
Four stories of quantitative easing
Fawley, Brett W.; Neely, Christopher J. (2013-01)
This article describes the circumstances of and motivations for the quantitative easing programs of the Federal Reserve, Bank of England, European Central Bank, and Bank of Japan during the recent financial crisis and recovery. The programs initially attempted to alleviate financial market distress, but this pur- pose soon broadened to include achieving inflation targets, stimulating the real economy, and containing the European sovereign debt crisis. The European Central Bank and Bank of Japan focused their programs on direct lending to banks?reflecting the bank-centric structure of their ...
Review , Issue Jan , Pages 51-88

Journal Article
Coming to America: covered bonds?
Fawley, Brett W.; Juvenal, Luciana (2012)
Ultimately, covered bonds and ABS are complements, not substitutes.
Economic Synopses

Journal Article
The evolution of Federal Reserve policy and the impact of monetary policy surprises on asset prices
Fawley, Brett W.; Neely, Christopher J. (2014)
This article describes the joint evolution of Federal Reserve policy and the study of the impact of monetary policy surprises on high-frequency asset prices. Since the 1970s, the Federal Open Market Committee has clarified its objectives and modified its procedures to become more transparent and predictable. Researchers have had to account for these changes to procedures and perceived objectives in developing methods to study the effects of monetary surprises. Unexpected changes to the Committee?s federal funds target and postmeeting statements strongly and consistently affect asset prices, ...
Review , Volume 96 , Issue 1 , Pages 73-109

Journal Article
The great Chinese housing boom
Wen, Yi; Fawley, Brett W. (2013)
Significant store-of-value demand for housing suggests a bubble that could burst, especially when both the household income growth rate and the savings rate start to decline and capital controls in China start to relax.
Economic Synopses

Journal Article
Unemployment and the role of monetary policy
Fawley, Brett W.; Juvenal, Luciana (2010)
On balance, the figure suggests that structural unemployment during economic downturns has increased since 1991.
Economic Synopses

Journal Article
Low inflation in a world of securitization
Wen, Yi; Fawley, Brett W. (2013)
Weak lending may still be the culprit behind low inflation, but monetary aggregates may no longer closely track credit conditions.
Economic Synopses

Newsletter
Exploiting exportation: why foreign exchange rates matter
Fawley, Brett W. (2010-04)
The emphasis on global economics is here to stay, but how does it affect the average citizen? The April 2010 Newsletter examines the links between foreign exchange rates and global trade and explains the effect on U.S. prices and import/export trading.
Liber8 Economic Information Newsletter , Issue April