Search Results
Working Paper
On the use of market-based probabilities for policy decisions
This paper seeks to delimit conditions so that market-based probabilities provide all the information the policymaker needs to arrive at the best possible decision. Although there are practical considerations regarding how to derive market-based probabilities from financial prices, the author confines the discussion to a theoretical analysis that assumes no impediment to obtaining the market-based probabilities.
Speech
Research, Policy, and the Zero Lower Bound
Remarks at Shadow Open Market Committee Spring Meeting, New York City.
Speech
Panel remarks at the Brookings Institution
Remarks at The Fed at a crossroads: Where to go next?, Brookings Institution, Washington, D.C.