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Series:Conference Series ; [Proceedings] 

Conference Paper
Is public infrastructure undersupplied?

Conference Series ; [Proceedings] , Volume 34 , Pages 113-142

Conference Paper
Regional and community supervision

Conference Series ; [Proceedings] , Issue Jun

Conference Paper
Which marbles?: comments on \\"Losing our marbles in the new century? The great rebalancing in historical perspective\\" by C. M. Meissner and A. N. Taylor

Meissner and Taylor do a splendid job of making the history of the last great globalization relevant to the current great rebalancing. In their admirably understated way, they have argued that there is no credible evidence supporting the status quo, and have shown that the savings and investment patterns that mark today?s US current account deficit pose more problems for adjustment than were faced when the offshoot countries reversed their current account deficits so painlessly a century ago. I agree with them on both counts, and have learned much from their evidence and explanations.
Conference Series ; [Proceedings] , Volume 51

Conference Paper
Transforming payment choices by doubling fees on the Illinois Tollway

On January 1, 2005, Illinois doubled the highway toll for travelers paying with cash, but kept the price unchanged for those paying electronically. This paper combines a theoretical model of payment choice with empirical analysis based on this rare natural experiment of differential pricing depending on the method of payment: cash versus electronic payment. An actual response to a price change allows the authors to estimate the sensitivity of consumer payment demand to prices.
Conference Series ; [Proceedings]

Conference Paper
Low inflation: the behavior of financial markets and institutions

This paper provides a broad overview of the potential impact of low inflation (deflation) on U.S. financial markets and institutions. It is argued that the contemporary experience of Japan and the historical experience of the United States in the 1920s and 1930s offer only limited insights into the potential impact of low inflation (deflation) on today's U.S. financial system. A number of potential implications are discussed including a decline in secondary market trading and a trend towards reintermediation. In addition, low inflation/deflation is likely to have a material effect on bank ...
Conference Series ; [Proceedings]

Conference Paper
The impact of demographic change on U. S. labor markets: discussion

I enjoyed reading this paper, particularly so because I was writing a paper on aging and its impacts on the German labor market at the very same time that Jane Little and Robert Triest were developing their paper. Their interesting, broad-based, and thoughtful analysis has a decidedly American point of view. My main duty as a discussant, therefore, is to compare their analysis and their projections with a European perspective.
Conference Series ; [Proceedings] , Volume 46

Conference Paper
International capital flows and emerging markets: amending the rules of the game?

Conference Series ; [Proceedings] , Volume 43 , Issue Jun , Pages 137-171

Conference Paper
Summary panel: Japan's experience with zero interest rates

The current policy stance of the BOJ has an automatic stabilizer element in it despite the fact that we have hit the zero rate bound. That is to say, the promise to "keep the zero rate until deflationary concerns are over" puts downward pressure on long-term interest rates when people see negative signs about the economy because they expect the zero rate to stay for a longer period of time. A similar thing will happen anyway. But the current commitment seems to have strengthened the effect.
Conference Series ; [Proceedings]

Conference Paper
Is globalization really to blame?

Conference Series ; [Proceedings] , Volume 43 , Issue Jun , Pages 243-250

Conference Paper
Perspective on financial crises

Conference Series ; [Proceedings] , Volume 43 , Issue Jun , Pages 264-268




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anonymous 42 items

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