Should Central Banks Care About Fiscal Rules? -- by Eric M. Leeper
This essay aims to explain the nature of monetary and fiscal policy interactions and how those interactions could inform the fiscal rules that countries choose to follow. It makes two points: (1)...
View ArticleTaxing the Rich More: Preliminary Evidence from the 2013 Tax Increase -- by...
This paper provides preliminary evidence on behavioral responses to taxation around the 2013 tax increase that raised top marginal tax rates on capital income by about 9.5 points and on labor income by...
View ArticleThe Mortality and Medical Costs of Air Pollution: Evidence from Changes in...
We estimate the effect of acute air pollution exposure on mortality, life-years lost, and health care utilization among the US elderly. We address endogeneity and measurement error using a novel...
View ArticleApplying Asset Pricing Theory to Calibrate the Price of Climate Risk -- by...
Pricing greenhouse gas emissions is a risk management problem. It involves making trade-offs between consumption today and unknown and potentially catastrophic damages in the (distant) future. The...
View ArticlePublic Debt as Private Liquidity: Optimal Policy -- by George-Marios...
We study the Ramsey policy problem in an economy in which public debt contributes to the supply of assets that private agents can use as buffer stock and collateral, or as a vehicle of liquidity....
View ArticleCommodities for the Long Run -- by Ari Levine, Yao Hua Ooi, Matthew Richardson
This paper analyzes a novel data set of commodity futures prices over a long sample period starting in 1877, which allows us to shed new light on several important and controversial questions. We...
View ArticleThe Effect of E-Cigarette Minimum Legal Sale Age Laws on Traditional...
We use United States birth record data to estimate the effect of e-cigarette minimum legal sale age laws on cigarette use and birth outcomes for pregnant teenagers. While these laws may have reduced...
View ArticleUpward Mobility and Discrimination: The Case of Asian Americans -- by...
Asian Americans are the only non-white US racial group to experience long-term, institutional discrimination yet today exhibit high income. I reexamine this puzzle. I focus on California, where most...
View ArticleJoint Statement On U.S.-EU Negotiations For A Bilateral Agreement On...
The United States and European Union today released the following joint statement on negotiations for a bilateral agreement on insurance and reinsurance measures:read more...
View ArticleOffice Of The Comptroller Of The Currency To Launch Web-Based System For...
The Office of the Comptroller of the Currency (OCC) will launch a web-based system for banks to file licensing and public welfare investment applications and notices beginning early next year.read more...
View ArticleSee New Trading Hours For The BM&F Segment Due To End Of Daylight Saving...
As of November 07, 2016, BM&FBOVESPA will have new trading hours for the BM&F segment (Futures, Options and Structured Transactions) due to the end of daylight saving time in the United States...
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United Kingdom Parliament Treasury Committee Update: Chair Comments On Tesco...
Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, comments on the news that Tesco Bank's IT systems have been attacked.read more...
View ArticleIntercontinental Exchange CFO Scott Hill To Present At JP Morgan Ultimate...
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Scott A. Hill, Chief Finance...
View ArticleIOSCO Consults oOn Other CRA Products And Their Use By Market Participants
The Board of the International Organization of Securities Commissions (IOSCO) today published a consultation report titled Other CRA Products, which seeks further insight into how market participants...
View ArticleIOSCO reports on implementation of G20/FSB recommendations to strengthen...
IOSCO/MR/26/2016read more...
View ArticleIOSCO consults on Other CRA Products and their use by market participants
IOSCO/MR/27/2016read more...
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