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Series:Conference Series ; [Proceedings]  Bank:Federal Reserve Bank of Boston 

Conference Paper
The merger boom: an overview

Conference Series ; [Proceedings] , Volume 31 , Pages 1-16

Conference Paper
Improving education outcomes: in colleges, universities, and beyond: panel discussion

While most of the attention of the public, the policymakers, and this conference is on improving our K -12 education system, our higher education also needs attention. Higher education is undergoing dramatic changes that have to be considered in conjunction with the demands on and the changes in the K -12 system. Similarly, there are common needs of the two systems, and lessons from higher education should be considered in any K -12 reform proposal.
Conference Series ; [Proceedings]

Conference Paper
Job reallocation and the business cycle: new facts for an old debate

Conference Series ; [Proceedings] , Volume 42 , Issue Jun , Pages 271-357

Conference Paper
Libertarian paternalism is not an oxymoron

The idea of libertarian paternalism might seem to be an oxymoron, but it is both possible and legitimate for private and public institutions to affect behavior while also respecting freedom of choice. Often people's preferences are ill-formed, and their choices will inevitably be influenced by default rules, framing effects, and starting points. In these circumstances, a form of paternalism cannot be avoided. Equipped with an understanding of behavioral findings of bounded rationality and bounded self-control, libertarian paternalists should attempt to steer people's choices in ...
Conference Series ; [Proceedings] , Volume 48 , Issue Jun

Conference Paper
The fiscal impact of population change

Population aging, and changing population age distributions, affect the fiscal situation through multiple channels, including the following: ; 1. Changing age distributions alter the per worker cost of providing a given age-vector of per capita benefits. For example, population aging will dramatically increase the costs of providing even existing benefits for Social Security and Medicare. ; 2. As a qualification to point 1, we note that fluctuations in population age distribution, for example, as caused by the baby boom in the United States, and transitional changes in age distribution, for ...
Conference Series ; [Proceedings] , Volume 46

Conference Paper
The impact of economic slowdowns on financial institutions and their regulators; a symposium jointly sponsored by the Federal Reserve Bank of Boston and the Journal of Financial Intermediation April 17-19, 2002

The 1990 recession had a significant impact on the financial landscape both in the United States and in the rest of the world. Large numbers of financial institutions failed, problems in the financial sector reduced credit availability to the real economy, and the recovery from the recession was unusually slow. Are future economic slowdowns likely to have a similar impact on the financial services industry? How are economic slowdowns likely to affect bank financial condition, bank risk management, and bank and financial holding company supervision?
Conference Series ; [Proceedings]

Conference Paper
Economic cycles and bank health

Over the past two decades the United States has experienced substantial increases in the number of bank failures, however, surprisingly few banks have failed during the 2001 recession. This paper explores the relationship between economic cycles and bank health. We find that economic forecasts provide little additional information over bank-specific financial data during prosperous times, possibly because bank problems during these times are likely to be idiosyncratic to individual management decisions. However, economic forecasts become relevant during troubled economic periods, with poor ...
Conference Series ; [Proceedings]

Conference Paper
The evolution of monetary policy and the Federal Reserve System over the past thirty years: an overview

Conference Series ; [Proceedings] , Volume 45 , Issue Oct , Pages 1-11

Conference Paper
The impact of demographic change on U. S. labor markets: discussion

As its title indicates, the paper by Jane Little and Robert Triest deals with the impact of some upcoming demographic changes on the U. S. labor market. The two changes highlighted are the well-documented population aging and immigration. According to the paper, the challenges raised by these changes are rising and high old-age dependency ratios because of declining numbers of workers to retirees, and slower productivity growth, since migrants tend to have less education than the native-born. ; I would only have quibbles, not quarrels, with their clear and balanced description of these future ...
Conference Series ; [Proceedings] , Volume 46

Conference Paper
Summary panel: monetary policy at the zero lower bound: balancing the risks

Among the many unusual aspects of life in a very-low-inflation economy that might have been discussed, attention here has focussed on the zero lower bound on nominal interest rates. That was a wise choice, I think, for the conduct of monetary policy at or near zero nominal interest rates raises many questions which economists have not thought much about. Fundamentally, the issue is this: Does an economy with a zero nominal interest rate follow more or less the same economic laws as it does in normal times--except that one variable is stuck at zero? Or is the situation more akin to physics at ...
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