Search Results
Journal Article
Why Does Wealth Vary Among College Graduates?
Campbell, Angelyque
(2017)
The author describes the topic as one of great interest to the Board of Governors of the Federal Reserve System: Throughout the period of financial unrest that we now refer to as the Great Recession, the Board endeavored to better understand the effects of the financial crisis and the significant erosion of housing wealth experienced by communities of color when house prices plummeted.
Review
, Volume 99
, Issue 1
, Pages 41-43
Journal Article
The Changing Role of Family Income in College Selection and Beyond
Leukhina, Oksana
(2023-07-14)
Previous literature has established that the role of family income has grown substantially at predicting college entry decisions when comparing the 1979 and 1997 National Longitudinal Surveys of Youth (e.g., Belley and Lochner (2007)). In this article, I further examine the changing role of family income as a determinant of college quality choice, degree attainment, and post-schooling earnings. I document that the role of family income has remained important and relatively stable at explaining college quality choice, its importance increasing only for the choice of four- over two-year ...
Review
, Volume 105
, Issue 3
, Pages 198-222
Journal Article
Are contemporary central banks transparent about economic models and objectives and what difference does it make?
Cukierman, Alex
(2002-07)
Review
, Volume 84
, Issue Jul
Journal Article
Real output in Switzerland: new estimates for 1914-47
Williams, Marcela M.; Andrist, Felix; Anderson, Richard G.
(2000-05)
In this article, Felix A, Andrist, Richard G. Anderson, and Marcela Williams provide, for the first time, an estimate of the real gross domestic product of Switzerland between 1914 and 1947. The estimate is obtained from published data on three other measures of Swiss economic activity during this period: net national product, industrial production, and the transport volume of Swiss railroads. These underlying series closely represent the economic growth of Switzerland; but, they also seem unreasonably volatile as proxy measures of total production, and hence, are filtered by moving averages. ...
Review
, Volume 82
, Issue May
, Pages 43-70
Journal Article
Recent monetary actions
anonymous
(1968-05)
Review
, Volume 50
, Issue May
, Pages 2-5
Journal Article
The link between M1 and the monetary base in the 198O's
Thornton, Daniel L.; Garfinkel, Michelle R.
(1989-09)
Review
, Issue Sep
, Pages 35-52
Journal Article
Intertemporal discounting and policy selection
Conesa, Juan Carlos; Garriga, Carlos
(2013-03)
The choice of the intertemporal discount rate affects the measurement of the tax burden of different age cohorts. Small changes in the discount rate affect not only the magnitude of the measured changes, but also the ranking of policies using that metric. The authors illustrate this problem in the context of neutral Social Security reforms. By construction, these policies do not change allocations; hence, they also do not change welfare. However, depending on the choice of the discount rate, one could reach different (and possibly opposite) conclusions regarding the desirability of such ...
Review
, Issue Mar
, Pages 165-180
Journal Article
Measuring systematic monetary policy (commentary)
Ramey, Valerie A.
(2001-07)
Review
, Volume 83
, Issue Jul
, Pages 113-144
Journal Article
Testing the expectations hypothesis: some new evidence for Japan
Thornton, Daniel L.
(2004-09)
The deregulation of the Japanese financial markets and the adoption of an interest rate policy instrument by the Bank of Japan prompted a number of empirical investigations of the expectation hypothesis (EH) of the term structures of interest rates in Japan. This paper is a continuation of this research. It deviates from the previous work on the EH in Japan in two respects. First, it tests the EH by estimating a general vector autoregression (VAR) of the long-term and short-term rates and testing the restrictions implied by the EH on the VAR using a Lagrange multiplier test. Second, the issue ...
Review
, Volume 86
, Issue Sep
Journal Article
Membership structure, competition, and occupational credit union deposit rates
Schmid, Frank A.; Emmons, William R.
(2001-01)
How do occupational credit unions set deposit rates? This article shows that the answer to this question will depend on (i) who actually makes business decisions in credit unions (who is in control), and (ii) whether local deposit market competition is important. It is not obvious who controls occupational credit unions. If the sponsor (the employer) is in control, then loans and deposits are priced to maximize the surplus received by all of the credit union?s current and potential members (those eligible to join). If members are in control, then a group of members with a majority can ...
Review
, Volume 83
, Issue Jan
, Pages 41-50
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money 2 items
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aggregate hours worked 1 items
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ample reserves regime 1 items
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