Working Paper
Estimating consumer import demand equations
Berner, Richard (1977)
International Finance Discussion Papers , Paper 105

Report
Climate Stress Testing
Acharya, Viral V.; Berner, Richard; Stroebel, Johannes; Zeng, Xuran; Jung, Hyeyoon; Zhao, Yihao; Engle, Robert (2023-04-01)
We explore the design of climate stress tests to assess and manage macroprudential risks from climate change in the financial sector. We review the climate stress scenarios currently employed by regulators, highlighting the need to (i) consider many transition risks as dynamic policy choices; (ii) better understand and incorporate feedback loops between climate change and the economy; and (iii) further explore “compound risk” scenarios in which climate risks co-occur with other risks. We discuss how the process of mapping climate stress scenarios into financial firm outcomes can ...
Staff Reports , Paper 1059

Working Paper
Monetary policy under alternative exchange-rate regimes: simulations with a multi-country model
Stevens, Guy V. G.; Clark, Peter K.; Berner, Richard; Kwack, Sung Y.; Howe, Howard; Hernandez-Cata, Ernesto (1979)
International Finance Discussion Papers , Paper 130

Working Paper
A multi-country model of the international influences on the U.S. economy: preliminary results
Stevens, Guy V. G.; Clark, Peter K.; Berner, Richard; Kwack, Sung Y.; Howe, Howard; Hernandez-Cata, Ernesto (1977)
International Finance Discussion Papers , Paper 115

Working Paper
Modeling the international influences on the U.S. economy: a multi- country approach
Stevens, Guy V. G.; Clark, Peter K.; Berner, Richard; Kwack, Sung Y.; Howe, Howard (1976)
International Finance Discussion Papers , Paper 93

Working Paper
International sources of domestic inflation
Lowrey, Barbara R.; Enzler, Jared J.; Clark, Peter K.; Berner, Richard (1974)
International Finance Discussion Papers , Paper 55

Working Paper
On testing the significance of a subset of coefficients in a set of seemingly unrelated regressions using mixed estimation
Swamy, P. A. V. B.; Berner, Richard (1977)
International Finance Discussion Papers , Paper 106

Working Paper
Simultaneous determination of the U.S. balance of payments and exchange rates: an exploratory report
Stevens, Guy V. G.; Clark, Peter K.; Berner, Richard; Kwack, Sung Y.; Howe, Howard (1975)
International Finance Discussion Papers , Paper 59

Working Paper
The goods market and the labor market of the multi-country model
Berner, Richard (1976)
International Finance Discussion Papers , Paper 97

Discussion Paper
Mitigating the Risk of Runs on Uninsured Deposits: the Minimum Balance at Risk
Holscher, Michael; Martin, Antoine; Cipriani, Marco; McCabe, Patrick E.; Berner, Richard (2023-04-14)
The incentives that drive bank runs have been well understood since the seminal work of Nobel laureates Douglas Diamond and Philip Dybvig (1983). When a bank is suspected to be insolvent, early withdrawers can get the full value of their deposits. If and when the bank runs out of funds, however, the bank cannot pay remaining depositors. As a result, all depositors have an incentive to run. The failures of Silicon Valley Bank and Signature Bank remind us that these incentives are still present for uninsured depositors, that is, those whose bank deposits are larger than deposit insurance ...
Liberty Street Economics , Paper 20230414