Research
- Greenspan's Connundrum and The Fed's Affect on Long-Term Yields
- The Effectiveness of Quantitative Easing August 20, 2016
- Understanding the Predictability of Excess Returns
- Monetary policy: Why money matters (and interest rates don't)
- The Fed's Response to the Financial Crisis What It Did and What It Should Have Done
- The Federal Reserve's operating procedure, nonborrowed reserves, borrowed reserves and the liquidity effect
- When Did the FOMC Begin Targeting the Federal Funds Rate? What the Verbatim Transcripts Tell Us
- Federal Funds Rate Prediction
- The Information Content of the Federal Funds Rate: Is It Unique?
- MP Mischief and the Credit Trap
- Open Market Operations and the Funds Rate
- Predictions of Short-Term Rates and the Expectations Hypothesis
- The Effect of Underreporting on LIBOR Rates
- Money in a Theory of Exchange
- The Effectiveness of QE: An Assessment of the Event Study Evidence
- Monetary Policy Transparency: Transparent About What?
- Tests of the Expectations Hypothesis: Resolving the Anomalies when the Short-Term Rate is the Federal Funds Rate
- A Note on the Expectations Hypothesis at the Founding of the Fed
- Identifying the Liquidity Effect at the Daily Frequency
- Tests of the Expectations Hypothesis: Resolving the Campbell-Shiller Paradox
- The Financial Crisis What Caused It and When and Why It Ended
- Further Evidence on Greenspan's Conundrum