Search Results

SORT BY: PREVIOUS / NEXT
Keywords:R-star 

Speech
'Normal' monetary policy in words and deeds: remarks at Columbia University, School of International and Public Affairs, New York City

Remarks at Columbia University, School of International and Public Affairs, New York City.
Speech , Paper 292

Speech
The Theory of Average Inflation Targeting

Remarks at Bank of Israel/CEPR Conference on “Inflation: Dynamics, Expectations, and Targeting” (delivered via videoconference).
Speech

Working Paper
Climate Policy and the Long-Run Interest Rate: Insights from a Simple Growth Model

We study the impact of climate policy on the long-run real interest rate in a tractable climate-economy model based on the work of Golosov et al. (2014). When the growth rate of the carbon tax exceeds the growth rate of the price of at least one type of fossil energy, the tax reduces the long-run growth rates of consumption and investment, pushing the interest rate up. We find that if fossil energy prices are constant, a carbon tax that grows at 3.5 percent per year decreases the long-run interest by over 50 basis points. This carbon tax growth rate achieves net zero emissions at the lowest ...
Working Paper Series , Paper 2024-37

Speech
The economic outlook: the ‘new normal’ is now: remarks at The Economic Club of New York, New York City

Remarks at The Economic Club of New York, New York City.
Speech , Paper 310

Speech
Remarks at the 42nd Annual Central Banking Seminar, Federal Reserve Bank of New York, New York City

Remarks at the 42nd Annual Central Banking Seminar, Federal Reserve Bank of New York, New York City.
Speech , Paper 293

Speech
Moving toward 'normal' U.S. monetary policy: remarks at the Joint Bank Indonesia-Federal Reserve Bank of New York Central Banking Forum, Nusa Dua, Indonesia

Remarks at the Joint Bank Indonesia-Federal Reserve Bank of New York Central Banking Forum, Nusa Dua, Indonesia.
Speech , Paper 296

PREVIOUS / NEXT