Search Results
Journal Article
Activist monetary policy for good or evil? The new Keynesians vs. the new Classicals
Stark, Tom; Taylor, Herbert E.
(1991-03)
Business Review
, Issue Mar
, Pages 17-25
Speech
Welcoming remarks for the Women in Central Banking Workshop
Logan, Lorie
(2024-11-01)
Dallas Fed President Lorie K. Logan delivered these remarks at the Women in Central Banking Workshop hosted at the Dallas Fed in collaboration with Norges Bank.
Speeches and Essays
Discussion Paper
Temporal aggregation of ARCH processes and the distribution of asset returns
Diebold, Francis X.
(1986)
Special Studies Papers
, Paper 200
Journal Article
How the U.S. economy resembles a (very) big business
Campbell, Jeffrey R.
(2008-07)
This article presents basic tools for measuring different business lines? contributions to the U.S. economy?s business cycles, and it applies these to measure the exposure of a large conglomerate to macroeconomic risks.
Economic Perspectives
, Volume 32
, Issue Q III
, Pages 29-46
Report
On the equilibrium concept for overlapping generations organizations
Prescott, Edward C.; Ríos-Rull, José-Víctor
(2000)
A necessary feature for equilibrium is that beliefs about the behavior of other agents are rational. We argue that in stationary OLG environments this implies that any future generation in the same situation as the initial generation must do as well as the initial generation did in that situation. We conclude that the existing equilibrium concepts in the literature do not satisfy this condition. We then propose an alternative equilibrium concept, organizational equilibrium, that satisfies this condition. We show that equilibrium exists, it is unique, and it improves over autarky without ...
Staff Report
, Paper 282
Journal Article
Interview with Nancy Stokey
Rolnick, Arthur J.
(2000-12)
The Region
, Volume 14
, Issue Dec
, Pages 26-34
Working Paper
The simultaneous equations model with generalized autoregressive conditional heteroskedasticity: the SEM-GRACH model
Harmon, Richard
(1988)
In this paper I generalize the standard simultaneous equations model by allowing the innovations of the structural equations to exhibit Generalized Autoregressive Conditional Heteroskedasticity (GARCH). I refer to this new specification as the SEM-GARCH model. I develop two estimation strategies: LIM-GARCH, a limited information estimator, and FIM-GARCH, a full information estimator. I show that these estimators are consistent and asymptotically normal. Following Weiss (1986) I show that when the errors in the SEM-GARCH process are incorrectly assumed to be conditionally normal the likelihood ...
International Finance Discussion Papers
, Paper 322
Conference Paper
The use of economic models in banking
Moor, Roy E.
(1986)
Proceedings
, Paper 129
Discussion Paper
A computationally practical simulation estimator for panel data, with applications to labor supply and real wage movement over the business cycle
Keane, Michael P.
(1989)
Discussion Paper / Institute for Empirical Macroeconomics
, Paper 16
Working Paper
Theory of the firm: applied mechanism design
Townsend, Robert M.; Prescott, Edward Simpson
(1996)
This paper studies the question: Why are there Firms? Motivated by observations of a variety of economies, several distinct concepts of what it means to be a firm are identified and then analyzed with mechanism design models. In the first class of models, a group of individuals is a firm if they collude and share information. This model is analyzed and compared with the non-firm alternative. Conditions are provided in which firms are preferred to no firms and vice versa. Next, we show how an economy with multiple distinct groups of colluding individuals can be decentralized. ; In the next ...
Working Paper
, Paper 96-02
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