Journal Article
Inflation and unemployment: a layperson's guide to the Phillips curve
Weinberg, John A.; Lacker, Jeffrey M. (2007-07)
Economic Quarterly , Volume 93 , Issue Sum , Pages 201-227

Journal Article
President's Message: What's It Like on the FOMC?
Lacker, Jeffrey M. (2014-10)
Econ Focus , Issue 4Q , Pages 1-1

Journal Article
Presidnent's Message: Rethinking the ‘Lender of Last Resort’
Lacker, Jeffrey M. (2013-10)
Econ Focus , Issue 4Q , Pages 1-1

Journal Article
President's message: Banking on credibility
Lacker, Jeffrey M. (2006-07)
Econ Focus , Volume 10 , Issue Sum , Pages 1

Journal Article
Noteworthy : Encouraging homeownership - at what cost?
Lacker, Jeffrey M. (2005-04)
Econ Focus , Volume 9 , Issue Spr , Pages 1

Journal Article
President's message : Don't I buy food or gasoline?
Lacker, Jeffrey M. (2011-01)
Econ Focus , Volume 15 , Issue 1Q , Pages 1

Journal Article
Should the Fed Have a Financial Stability Mandate? Lessons from the Fed's First 100 Years
Haltom, Renee Courtois; Lacker, Jeffrey M. (2015-01)
President Jeffrey Lacker and Research Publications Content Manager Renee Haltom explore the Fed's role in financial stability. Following the global financial crisis of 2007--08, the Fed has been given enhanced regulatory responsibilities to prevent future crises. However, most of the Fed's actions in pursuit of financial stability have historically come through emergency lending once crises are underway. The authors conclude that arguments in favor of emergency lending are based on erroneous readings of history. Instead, emergency lending may undermine financial stability, as well as the ...
Economic Quarterly , Issue 1Q , Pages 49-75

Working Paper
Money, trade credit and asset prices
Schreft, Stacey L.; Lacker, Jeffrey M. (1991)
We describe a stochastic economic environment in which the mix of money and trade credit used as means of payment is endogenous. The economy has an infinite horizon, spatial separation and a credit-related transaction cost, but no capital. We find that the equilibrium prices of arbitrary contingent claims to future currency differ from those from one-good cash-in-advance models. This anomaly is directly related to the endogeneity of the mix of media of exchange used. In particular, nominal interest rates affect the risk-free real rate of return. The model also has implications for some ...
Working Paper , Paper 91-04

Journal Article
President's message: Policy trumps luck
Lacker, Jeffrey M. (2007-01)
Econ Focus , Volume 11 , Issue Win , Pages 1

Journal Article
Does adverse selection justify government intervention in loan markets?
Lacker, Jeffrey M. (1994-01)
Economic Quarterly , Issue Win , Pages 61-95