Conference Paper
The evolution of monetary policy and the Federal Reserve System over the past thirty years : a conference in honor of Frank E. Morris, October 2000
anonymous (2000-10)
Conference Series ; [Proceedings] , Volume 45 , Issue Oct

Conference Paper
The evolution of monetary policy and the Federal Reserve System over the past thirty years: an overview
Browne, Lynn E. (2000-10)
Conference Series ; [Proceedings] , Volume 45 , Issue Oct , Pages 1-11

Journal Article
Domestic nonfinancial debt: after three years of monitoring
Carlson, John B. (1986-07)
An examination of the historical and current behavior of domestic nonfinancial debt, with a discussion of B.M. Friedman's theories and an analysis of the recent unexpected surge in debt and its policy implications.
Economic Commentary , Issue Jul

Working Paper
Tobin lives: integrating evolving credit market architecture into flow of funds based macro-models
Muellbauer, John N.; Duca, John V. (2013)
After the global financial crisis, there is greater awareness of the need to understand the interactions between the financial sector and the real economy and hence the potential for financial instability. Data from the financial flow of funds, previously relatively neglected, are now seen as crucial to the data monitoring carried out by central banks. This paper revisits earlier efforts to understand financial-real linkages, such those of Tobin and the Yale School, and proposes a modeling framework for analysing the household flow of funds jointly with consumption. The consumption function ...
Working Papers , Paper 1307

Working Paper
Financial literacy and mortgage equity withdrawals
Kumar, Anil; Duca, John V. (2011)
The recent U.S. consumption boom and the subsequent surge in mortgage defaults have been linked to mortgage equity withdrawals (MEWs). MEWs are correlated with covariates consistent with a permanent income framework augmented for credit-constraints. Nevertheless, many households are financially illiterate. We assess the unexplored linkages between ?active MEW? and measures of financial literacy using panel data from the Health and Retirement Study (HRS). Findings indicate that declines in mortgage interest rates encouraged MEWs. Nevertheless, financially illiterate households were ...
Working Papers , Paper 1110

Journal Article
Curbing the boom
Burke, William (1973)
FRBSF Economic Letter

Journal Article
Allocating credit
Johnston, Verle (1974)
FRBSF Economic Letter

Journal Article
The credit crunch and the real bills doctrine
Walsh, Carl E. (1991)
FRBSF Economic Letter

Journal Article
Tightening
Burke, William (1973)
FRBSF Economic Letter

Journal Article
The great discovery
Johnston, Verle (1986)
FRBSF Economic Letter