Speech
An Economic Outlook
Harker, Patrick T. (2016-04-12)
President Patrick T. Harker presents his economic outlook at the Greater Philadelphia Chamber of Commerce?s Region on the Rise event about the city?s construction and real estate development. He also offers his views on monetary policy.
Speech , Paper 120

Report
The End of Privilege: A Reexamination of the Net Foreign Asset Position of the United States
Atkeson, Andrew; Heathcote, Jonathan; Perri, Fabrizio (2022-04-25)
The US net foreign asset position has deteriorated sharply since 2007 and is currently negative 65 percent of US GDP. This deterioration primarily reflects changes in the relative values of large gross international equity positions, as opposed to net new borrowing. In particular, a sharp increase in equity prices that has been US-specific has inflated the value of US foreign liabilities. We develop an international macro finance model to interpret these trends, and we argue that the rise in equity prices in the United States likely reflects rising profitability of domestic firms rather than ...
Staff Report , Paper 639

Speech
An economic outlook
Harker, Patrick T. (2016-02-16)
President Patrick T. Harker gives his economic outlook at the 2016 Economic Forecast hosted by the Lyons Companies and the Lerner College Center for Economic Education & Entrepreneurship at the University of Delaware. He also presents his views on monetary policy.
Speech , Paper 116