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Keywords:Economic stabilization 

Journal Article
A cost-benefit approach to labor market reform

Labor reforms in Latin America have been scarce compared with the pace of structural reforms aimed at liberalizing product and capital markets. Some analysts contend that without continued liberalization labor market performance will fail to improve, hindering Latin American economies? ability to compete in international markets. ; This article assesses labor market regulations in Latin America, documents their recent history, and assesses their costs and benefits. The author argues that existing regulatory systems, while generating costs in terms of labor market performance, constitute the ...
Economic Review , Volume 89 , Issue Q 2 , Pages 67 - 85

Journal Article
Monetary and fiscal actions: a test of their relative importance in economic stabilization

Review , Volume 50 , Issue Nov , Pages 11-23

Journal Article
Preface - rethinking structural reform in Latin America

The process of structural reform in Latin America has thus far been uneven, and various economic crises have raised doubts about reforms? effectiveness and have caused public support for further reforms to wane. To promote and highlight research exploring structural reform?s impact on economic growth and income distribution in Latin America, the Federal Reserve Bank of Atlanta and the Inter-American Development Bank (IDB) cosponsored the conference ?Rethinking Structural Reform in Latin America? in October 2003. ; This issue of the Economic Review contains four articles that were among the ...
Economic Review , Volume 89 , Issue Q 2 , Pages v - vi

Working Paper
Can financial innovation help to explain the reduced volatility of economic activity?

The stabilization of economic activity in the mid 1980s has received considerable attention. Research has focused primarily on the role played by milder economic shocks, improved inventory management, and better monetary policy. This paper explores another potential explanation: financial innovation. Examples of such innovation include developments in lending practices and loan markets that have enhanced the ability of households and firms to borrow and changes in government policy such as the demise of Regulation Q. We employ a variety of simple empirical techniques to identify links between ...
Finance and Economics Discussion Series , Paper 2005-54

Working Paper
Limited countercyclical policies: an exploratory study

Research Working Paper , Paper 86-05

Working Paper
Indeterminacy and stabilization policy

A demonstration of how an income tax schedule that exhibits a progressivity feature can ensure saddle-path stability in a one-sector, real business-cycle model with sufficient increasing returns in production, thereby shielding the economy against sunspot fluctuations.
Working Papers (Old Series) , Paper 9708

Speech
The U.S. economy and the employment challenge

Remarks at the Chattanooga Area Chamber of Commerce, Chattanooga, Tennessee, August 26, 2009
Speech , Paper 7

Journal Article
A late spring freeze

FRBSF Economic Letter

Journal Article
Influence of credit and monetary measures on economic stability

Federal Reserve Bulletin , Issue Mar

Journal Article
Proposals would broaden Fed's supervision of financial markets

In late March, U.S. Treasury Secretary Henry Paulson proposed changes to the regulation of the nation's financial markets. These changes would give the Federal Reserve broad oversight authority over the financial services industry.
Financial Update , Volume 21 , Issue 2

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