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Keywords:Finance 

Recent Inflation Surges Have Modestly Affected Long-Term Expectations

Improvements in Federal Reserve credibility over the last 40 years have ensured that inflation expectations, particularly long-term inflation expectations, have so far remained well-anchored despite surging current inflation.
Dallas Fed Economics

Conference Paper
Raiders, junk bonds, and risk

Proceedings , Paper 241

Renewable Energy Projects Present Unique Lender Risks, Need for Oversight

A vigorous risk management program can mitigate potential problems facing banks and nonbank financial institutions engaged in financing these facilities—whether as agents, loan participants or direct lenders.
Dallas Fed Economics

Working Paper
Can feedback from the jumbo-CD market improve bank surveillance?

We examine the value of jumbo certificate-of-deposit (CD) signals in bank surveillance. To do so, we first construct proxies for default premiums and deposit runoffs and then rank banks based on these risk proxies. Next, we rank banks based on the output of a logit model typical of the econometric models used in off-site surveillance. Finally, we compare jumbo-CD rankings and surveillance-model rankings as tools for predicting financial distress. Our comparisons include eight out-of-sample test windows during the 1990s. We find that rankings obtained from jumbo-CD data would not have improved ...
Working Papers , Paper 2003-041

Journal Article
Opinion: A focused approach to financial literacy

Financial education could have substantial implications for individuals? well-being, even if the overall effects on the macroeconomy are not large.
Econ Focus , Volume 15 , Issue 3Q , Pages 56

Journal Article
The Federal Reserve chart book as an aid to bank management

Federal Reserve Bulletin , Issue Apr , Pages 382-390

Journal Article
The evolving roles of mission-focused financial intermediaries and mainstream financial institutions in community development finance

In 2005, the Federal Reserve System and the Aspen Institute?s Economic Opportunities Program launched a national conference series to explore the state of the community development finance industry. A further goal was to document lessons and practices primarily from the for-profit sector, and introduce organization, productand industry-level innovations to increase the impact of community development financial institutions (CDFIs) and other community development organizations. Prior research by Moy and others formed the basis for the series. This research showed that environmental changes ...
Profitwise , Issue May

Briefing
Rationalizing financial literacy policy

It is hard to argue against the need for greater financial literacy. But how can households learn to make better decisions and to what extent can public policy help?
Richmond Fed Economic Brief , Issue Mar

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