Details about Eric Rosengren

E-mail:
Workplace:	Federal Reserve Bank of Boston, (more information at EDIRC)

Access statistics for papers by Eric Rosengren.

Last updated 2014-02-03. Update your information in the RePEc Author Service.

Short-id: pro88

---

Jump to Journal Articles Books Chapters

Working Papers

2021

1. A Fireside Chat on Current Economic Conditions
   Speech, Federal Reserve Bank of Boston
2. Official Monetary and Financial Institutions Forum Fed Week Financial Stability Session
   Speech, Federal Reserve Bank of Boston
3. Pandemic Ebbs and Flows: Economic Data, Inflation Concerns, and Policymaking
   Speech, Federal Reserve Bank of Boston
   Also in Speech, Federal Reserve Bank of Boston (2021)
   Speech, Federal Reserve Bank of Boston (2021)
4. Perspectives on the Eventual Economic Recovery
   Speech, Federal Reserve Bank of Boston
5. Remarks at the Panel Discussion, “Central Bank Perspectives on Central Bank Digital Currencies”
   Speech, Federal Reserve Bank of Boston
6. Taking Stock of the Economic Recovery and the Opportunities to Bolster Financial Stability
   Speech, Federal Reserve Bank of Boston
7. The Economic Outlook – Optimism Despite the Challenges Ahead
   Speech, Federal Reserve Bank of Boston

2020

8. Addressing the Economic Effects of the COVID-19 Pandemic
   Speech, Federal Reserve Bank of Boston
9. An Update on the Economy and the Main Street Lending Program
   Speech, Federal Reserve Bank of Boston
10. Economic Fragility: Implications for Recovery from the Pandemic
    Speech, Federal Reserve Bank of Boston
    Also in Speech, Federal Reserve Bank of Boston (2020)
11. Financial Stability Factors and the Severity of the Current Recession [Annual Robert Glauber Lecture]
    Speech, Federal Reserve Bank of Boston
12. Financial Stability Factors and the Severity of the Current Recession [UBS European Virtual Conference]
    Speech, Federal Reserve Bank of Boston
13. Observations on Monetary Policy and the Zero Lower Bound: Remarks for a Panel Discussion at the 2020 Spring Meeting of the Shadow Open Market Committee: “Current Monetary Policy: The Influence of Marvin Goodfriend”
    Speech, Federal Reserve Bank of Boston
14. Prepared Testimony for the Congressional Oversight Commission
    Speech, Federal Reserve Bank of Boston
15. The COVID-19 Pandemic, the Economic Outlook, and the Main Street Lending Program
    Speech, Federal Reserve Bank of Boston
16. The Economic Outlook – and Two Risks to the Forecast that are Worth Watching
    Speech, Federal Reserve Bank of Boston
17. The Economy’s Outlook, Challenges, and Way Forward
    Speech, Federal Reserve Bank of Boston
    Also in Speech, Federal Reserve Bank of Boston (2020)
18. The Main Street Lending Program and Other Federal Reserve Actions
    Speech, Federal Reserve Bank of Boston
    Also in Speech, Federal Reserve Bank of Boston (2020)

2019

19. A House Divided: Geographic Disparities in 21st Century America
    Speech, Federal Reserve Bank of Boston
20. Assessing economic conditions and risks to financial stability: remarks at the Stern School of Business, Salomon Center for the Study of Financial Institutions, New York University, New York, New York, September 20, 2019
    Speech, Federal Reserve Bank of Boston
21. Central bank balance sheets: misconceptions and realities: remarks at the Credit Suisse Asian Investment Conference, Hong Kong, China, March 26, 2019
    Speech, Federal Reserve Bank of Boston
22. Central bank independence: what it is, what it isn’t – and the importance of accountability: remarks at the 2019 Annual Meeting of the Central Bank Research Association, Columbia University, New York, New York, July 19, 2019
    Speech, Federal Reserve Bank of Boston
23. Exploring Economic Conditions and the Implications for Monetary Policy
    Speech, Federal Reserve Bank of Boston
    Also in Speech, Federal Reserve Bank of Boston (2019)
24. Financial Stability and Regulatory Policy in a Low Interest Rate Environment
    Speech, Federal Reserve Bank of Boston
25. Monetary policy in a low inflation and low unemployment economy: remarks at the Economic Club of New York, New York, New York, May 21, 2019
    Speech, Federal Reserve Bank of Boston
26. Monetary policymaking in today’s environment: finding “policy space” in a low-rate world: remarks at the 33rd Annual Cornelson Distinguished Lecture at Davidson College, Davidson, North Carolina, April 15, 2019
    Speech, Federal Reserve Bank of Boston
27. Perspectives on monetary policy and market volatility: remarks to The Boston Economic Club, Federal Reserve Bank of Boston, Boston, Massachusetts, January 9, 2019
    Speech, Federal Reserve Bank of Boston
28. Perspectives on the U.S. Economic Outlook
    Speech, Federal Reserve Bank of Boston
29. Risk management in monetary policymaking: remarks to the National Association of Corporate Directors, New England Chapter, Boston, Massachusetts, March 5, 2019
    Speech, Federal Reserve Bank of Boston
30. The macroprudential implications of the 1990s Japanese financial crisis: remarks at the 5th Annual Macroprudential Conference, Eltville, Germany, June 21, 2019
    Speech, Federal Reserve Bank of Boston
31. Weighing the risks to the economic outlook: remarks at The Leo J. Meehan School of Business, Stonehill College, Easton, Massachusetts, September 3, 2019
    Speech, Federal Reserve Bank of Boston
32. Weighing the risks to the economic outlook: remarks at a meeting of The Breakfast Group, Boston, Massachusetts, September 4, 2019
    Speech, Federal Reserve Bank of Boston

2018

33. Comments on “A skeptical view of the impact of the Fed’s balance sheet”: remarks delivered at the 2018 U.S. Monetary Policy Forum, New York, New York, February 23, 2018
    Speech, Federal Reserve Bank of Boston
34. Considering alternative monetary policy frameworks: an inflation range with an adjustable inflation target: remarks at the Money, Models, & Digital Innovation Conference, Global Interdependence Center, San Diego, California January 12, 2018
    Speech, Federal Reserve Bank of Boston View citations (3)
35. Ethics and economics: making cyclical downturns less severe: remarks at the Fourth Annual O. John Olcay Lecture on Ethics and Economics, Peterson Institute for International Economics, Washington, D.C., June 27, 2018
    Speech, Federal Reserve Bank of Boston View citations (1)
36. Exploring current economic conditions and the implications for monetary policy: remarks at 1Berkshire Economic Outlook Luncheon, Dalton, Massachusetts, October 26, 2018
    Speech, Federal Reserve Bank of Boston
37. Exploring current economic conditions and the implications for monetary policy: remarks at the National Association for Business Economics (NABE) 60th Annual Meeting, Boston, Massachusetts, October 1, 2018
    Speech, Federal Reserve Bank of Boston
38. Monetary, fiscal, and financial stability policy tools: are we equipped for the next recession?: remarks at the 2018 Economics Department Grossman Lecture, Colby College, Waterville, Maine, April 18, 2018
    Speech, Federal Reserve Bank of Boston
39. Monetary, fiscal, and financial stability policy tools: are we equipped for the next recession?: remarks at the Tenth Conference of the International Research Forum on Monetary Policy, Washington, D.C., March 23, 2018
    Speech, Federal Reserve Bank of Boston
40. Perspectives on the economy and Fed policy: why continuing to remove monetary accommodation is appropriate: remarks at the Springfield Regional Chamber Outlook 2018, Springfield, Massachusetts, March 9, 2018
    Speech, Federal Reserve Bank of Boston
41. Reviewing monetary policy frameworks: remarks at a Forum on the Federal Reserve’s Inflation Target, the Hutchins Center on Fiscal and Monetary Policy, the Brookings Institution, Washington, D.C., January 8, 2018
    Speech, Federal Reserve Bank of Boston
42. Revitalizing New England cities: remarks at The Governor's Academy Tenth Annual Boston Business Leaders Luncheon in Boston, Massachusetts, April 10, 2018
    Speech, Federal Reserve Bank of Boston
43. Should the Fed regularly evaluate its monetary policy framework?
    Working Papers, Federal Reserve Bank of Boston View citations (2)
44. Should the Fed regularly evaluate its monetary policy framework?: remarks at the Fall 2018 Conference, Brookings Papers on Economic Activity, Brookings Institution, Washington D.C., September 14, 2018
    Speech, Federal Reserve Bank of Boston View citations (1)
45. Some unpleasant stabilization arithmetic: remarks at the Federal Reserve Bank of Boston's 62nd Economic Conference, \\"What are the Consequences of Long Spells of Low Interest Rates?\\", Boston, Massachusetts, September 8, 2018
    Speech, Federal Reserve Bank of Boston
46. The U. S. economy: an optimistic outlook, but with some important risks: remarks at the Greater Boston Chamber of Commerce Economic Outlook Breakfast, Boston, Massachusetts, April 13, 2018
    Speech, Federal Reserve Bank of Boston
47. Welcome and opening remarks: comments at the Federal Reserve Bank of Boston’s 62nd Economic Conference, titled \"What Are the Consequences of Long Spells of Low Interest Rates?\", Boston, Massachusetts, September 7, 2018
    Speech, Federal Reserve Bank of Boston
48. Working Cities Challenge: remarks at the MetroHartford Alliance breakfast event \"Working Cities, Thriving Communities: How Cross-Sector Collaboration Helps Our Communities Thrive\", Hartford, Connecticut, August 8, 2018
    Speech, Federal Reserve Bank of Boston

2017

49. Current economic conditions and the implications for monetary policy: remarks at the Connecticut Business & Industry Association and the MetroHartford Alliance Economic Summit & Outlook 2017, Hartford, Connecticut, January 9, 2017
    Speech, Federal Reserve Bank of Boston
50. Estimating key economic variables: the policy implications: remarks at the 84th International Atlantic Economic Conference, International Atlantic Economic Society, Montreal, Canada, October 7, 2017
    Speech, Federal Reserve Bank of Boston
51. Exploring the economy’s recent progress, and the implications for policy: remarks at the Lake Champlain Regional Chamber of Commerce and the Central Vermont Chamber of Commerce, South Burlington, Vermont, May 10, 2017
    Speech, Federal Reserve Bank of Boston
52. Financial stability in a low interest rate environment: remarks at De Nederlandsche Bank & Sveriges Riksbank Macroprudential Conference Series, Amsterdam, The Netherlands, June 20, 2017
    Speech, Federal Reserve Bank of Boston
53. Financial stability: the role of real estate values: remarks at the Asia-Pacific High Level Meeting on Banking Supervision, Bali, Indonesia, March 22, 2017
    Speech, Federal Reserve Bank of Boston View citations (1)
54. Following a balanced approach: remarks at The Economic Policy Forum Fall 2017, Department of Economics, Northeastern University, Boston, Massachusetts, November 15, 2017
    Speech, Federal Reserve Bank of Boston
55. Making monetary policy: rules, benchmarks, guidelines, and discretion: remarks at the Federal Reserve Bank of Boston's 61st Economic Conference, Boston, Massachusetts, October 13, 2017
    Speech, Federal Reserve Bank of Boston
56. Monetary policy as the economy approaches the Fed’s dual mandate: remarks at the New York Association for Business Economics, New York, New York, February 15, 2017
    Speech, Federal Reserve Bank of Boston
57. The Federal Reserve balance sheet and monetary policy: remarks at the 26th Annual Hyman P. Minsky Conference, Levy Economics Institute of Bard College, Annandale-On-Hudson, New York, April 19, 2017
    Speech, Federal Reserve Bank of Boston
58. The case for gradual but regular monetary policy normalization: remarks to The Boston Economic Club, Federal Reserve Bank of Boston, Boston, Massachusetts, March 29, 2017
    Speech, Federal Reserve Bank of Boston
59. Trends and transitory shocks: remarks to the Money Marketeers of New York University, New York, New York, September 27, 2017
    Speech, Federal Reserve Bank of Boston
60. Trends in commercial real estate: remarks at the Risk Management for Commercial Real Estate Financial Markets Conference, New York University Stern School of Business, New York, New York, May 9, 2017
    Speech, Federal Reserve Bank of Boston

2016

61. After the Great Recession, a not-so-great recovery: remarks at the Federal Reserve Bank of Boston's 60th Economic Conference, Boston, Massachusetts, October 14, 2016
    Speech, Federal Reserve Bank of Boston
62. Are financial markets too pessimistic about the economy?: remarks as part of Central Connecticut State University's Distinguished Banking Lecture Series, April 18, 2016
    Speech, Federal Reserve Bank of Boston
63. Assessing the economy's recent progress: remarks at the Portland Regional Chamber of Commerce, Portland, Maine, November 15, 2016
    Speech, Federal Reserve Bank of Boston
64. Does Fed policy reveal a ternary mandate?
    Working Papers, Federal Reserve Bank of Boston View citations (23)
65. Early observations on gradual monetary policy normalization
    Speech, Federal Reserve Bank of Boston View citations (1)
66. Exploring the economy's progress and outlook: remarks at the Greater Concord Chamber of Commerce, Concord, New Hampshire, May 12, 2016
    Speech, Federal Reserve Bank of Boston
67. Exploring the economy's progress and outlook: remarks at the South Shore Chamber of Commerce, Quincy, Massachusetts, September 9, 2016
    Speech, Federal Reserve Bank of Boston
68. Observations on defining the objectives and goals of supervision: remarks at the Federal Reserve Bank of New York's Conference, \"Supervising Large, Complex Financial Institutions: Defining Objectives and Measuring Effectiveness\", March 18, 2016
    Speech, Federal Reserve Bank of Boston
69. Observations on financial stability concerns for monetary policymakers: remarks at the Shanghai Advanced Institute of Science, Beijing, China, August 31, 2016
    Speech, Federal Reserve Bank of Boston
70. Perspectives on quantitative easing in the United States: remarks at the Global Interdependence Center’s Central Banking Series, House of the Estates, Helsinki, Finland, June 6, 2016
    Speech, Federal Reserve Bank of Boston
71. Perspectives on risks: both economic and cyber: remarks at the Federal Reserve Bank of Boston's 2016 Cybersecurity Conference, April 4, 2016
    Speech, Federal Reserve Bank of Boston
72. Progress on addressing \"Too Big To Fail\": remarks at the BCBS-FSI High-level Meeting for Africa on Strengthening Financial Sector Supervision and Current Regulatory Priorities: February 4, 2016
    Speech, Federal Reserve Bank of Boston
73. Prospects for returning to more conventional monetary policy: remarks at Colby College, Waterville, Maine, February 16, 2016
    Speech, Federal Reserve Bank of Boston

2015

74. Assessing the economy's progress
    Speech, Federal Reserve Bank of Boston View citations (1)
75. Changing economic relationships: implications for monetary policy and simple monetary policy rules
    Speech, Federal Reserve Bank of Boston View citations (2)
76. Credit availability 20 years after Peek and Rosengren: panel discussion
    Speech, Federal Reserve Bank of Boston
77. Credit supply disruptions: from credit crunches to financial crisis
    Current Policy Perspectives, Federal Reserve Bank of Boston
78. Cyber security and financial stability
    Speech, Federal Reserve Bank of Boston
79. Economic uncertainty: the implications for monetary policy
    Speech, Federal Reserve Bank of Boston
80. Lessons from the U.S. experience with quantitative easing
    Speech, Federal Reserve Bank of Boston View citations (1)
81. Monetary policy normalization: graceful exit or bumpy ride?
    Speech, Federal Reserve Bank of Boston
82. Municipal strategies for financial empowerment
    Speech, Federal Reserve Bank of Boston
83. One policymaker’s wait for better economic data
    Speech, Federal Reserve Bank of Boston
84. Remarks at a panel discussion on “Monetary policy normalization: graceful exit or bumpy ride?”
    Speech, Federal Reserve Bank of Boston
85. This time is different: lessons from past tightening cycles
    Speech, Federal Reserve Bank of Boston View citations (1)

2014

86. Broker-dealer finance and financial stability
    Speech, Federal Reserve Bank of Boston View citations (7)
87. Can economic opportunity flourish when communities do not?
    Speech, Federal Reserve Bank of Boston
88. Implications of low inflation rates for monetary policy
    Speech, Federal Reserve Bank of Boston
89. Labor market slack and monetary policy
    Speech, Federal Reserve Bank of Boston View citations (2)
90. Monetary policy and forward guidance
    Speech, Federal Reserve Bank of Boston
91. New monetary policy tools: what have we learned?
    Speech, Federal Reserve Bank of Boston View citations (1)
92. Observations on labor markets
    Speech, Federal Reserve Bank of Boston
93. Policymaking with a diversity of views
    Speech, Federal Reserve Bank of Boston
94. Short-term wholesale funding risks
    Speech, Federal Reserve Bank of Boston
95. The economic outlook
    Speech, Federal Reserve Bank of Boston
    Also in Speech, Federal Reserve Bank of Boston (2013)
96. Underutilization in U.S. labor markets
    Speech, Federal Reserve Bank of Boston

2013

97. Assessing the economic recovery
    Speech, Federal Reserve Bank of Boston
98. Bank capital: lessons from the U. S. financial crisis
    Speech, Federal Reserve Bank of Boston View citations (4)
99. Comments on the paper “Crunch time: fiscal crises and the role of monetary policy”
    Speech, Federal Reserve Bank of Boston View citations (4)
100. Communicating monetary policy at the zero bound
     Speech, Federal Reserve Bank of Boston
101. Educational attainment and economic outcomes
     Speech, Federal Reserve Bank of Boston
102. Implications of fiscal austerity for U. S. monetary policy
     Speech, Federal Reserve Bank of Boston
103. Monetary policy and financial stability
     Speech, Federal Reserve Bank of Boston
104. Money market mutual funds and stable funding
     Speech, Federal Reserve Bank of Boston
105. Risk of financial runs: implications for financial stability
     Speech, Federal Reserve Bank of Boston View citations (2)
106. Should full employment be a mandate for central banks?
     Speech, Federal Reserve Bank of Boston View citations (6)
107. Simplicity and complexity in capital regulation
     Speech, Federal Reserve Bank of Boston
108. The economic outlook and economic policymaking
     Speech, Federal Reserve Bank of Boston
109. The economic outlook and monetary policy
     Speech, Federal Reserve Bank of Boston
110. The role of banks in the transmission of monetary policy
     Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (17)

2012

111. Acting to avoid a \"great stagflation\"
     Speech, Federal Reserve Bank of Boston
112. Avoiding complacency: the U.S. economic outlook, and financial stability
     Speech, Federal Reserve Bank of Boston
113. Financial crises, and the future of global and Asian banking
     Speech, Federal Reserve Bank of Boston
114. Monetary policy and the mortgage market
     Speech, Federal Reserve Bank of Boston
115. Money market mutual funds and financial stability
     Speech, Federal Reserve Bank of Boston View citations (1)
116. Our financial structures: are they prepared for financial instability?
     Speech, Federal Reserve Bank of Boston
     See also Journal Article Our Financial Structures—Are They Prepared for Financial Instability?, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (3) (2014)
117. Remarks for a panel discussion of the global outlook and risks
     Speech, Federal Reserve Bank of Boston
118. Small business funding and the economic recovery
     Speech, Federal Reserve Bank of Boston
119. Strengthening New England’s smaller cities
     Speech, Federal Reserve Bank of Boston
120. The economic outlook and its policy implications
     Speech, Federal Reserve Bank of Boston
121. The economic outlook and unconventional monetary policy
     Speech, Federal Reserve Bank of Boston

2011

122. A U.S. perspective on strengthening financial stability
     Speech, Federal Reserve Bank of Boston View citations (2)
123. A look inside a key economic debate: how should monetary policy respond to price increases driven by supply shocks?
     Speech, Federal Reserve Bank of Boston View citations (1)
124. Defining financial stability, and some policy implications of applying the definition
     Speech, Federal Reserve Bank of Boston View citations (3)
125. Economic update
     Speech, Federal Reserve Bank of Boston
126. Four common misconceptions about the Federal Reserve
     Speech, Federal Reserve Bank of Boston
127. Global financial intermediaries: lessons and continuing challenges
     Speech, Federal Reserve Bank of Boston
128. Higher education and the economy
     Speech, Federal Reserve Bank of Boston
129. Housing and economic recovery
     Speech, Federal Reserve Bank of Boston
130. Remarks at a forum on opportunities and challenges facing New England's smaller industrial cities
     Speech, Federal Reserve Bank of Boston
131. The role of 'financial myths' in financial crises
     Speech, Federal Reserve Bank of Boston
132. Towards greater financial stability in short-term credit markets
     Speech, Federal Reserve Bank of Boston View citations (1)
133. Two key questions about the economic recovery
     Speech, Federal Reserve Bank of Boston

2010

134. Asset bubbles and systemic risk
     Speech, Federal Reserve Bank of Boston View citations (1)
135. Considering the routes to a policy destination
     Speech, Federal Reserve Bank of Boston
136. Dividend policy and capital retention: a systemic “first response”
     Speech, Federal Reserve Bank of Boston View citations (2)
137. Five questions about current monetary policy
     Speech, Federal Reserve Bank of Boston View citations (1)
138. How effective were the Federal Reserve emergency liquidity facilities?: evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
     Supervisory Research and Analysis Working Papers, Federal Reserve Bank of Boston View citations (13)
     See also Journal Article How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, Journal of Finance, American Finance Association (2013) View citations (94) (2013)
139. How should monetary policy respond to a slow recovery?
     Speech, Federal Reserve Bank of Boston
140. Observations on macroprudential supervision
     Speech, Federal Reserve Bank of Boston
141. Prospects for employment: evidence from prior recoveries
     Speech, Federal Reserve Bank of Boston
142. Remarks at the Federal Reserve Conference on REO and Vacant Property Strategies for Neighborhood Stabilization
     Speech, Federal Reserve Bank of Boston
143. Revisiting monetary policy in a low inflation environment
     Speech, Federal Reserve Bank of Boston View citations (1)
144. Understanding the housing collapse: what is to blame and what can be done?
     Speech, Federal Reserve Bank of Boston

2009

145. Addressing the credit crisis and restructuring the financial regulatory system: lessons from Japan
     Speech, Federal Reserve Bank of Boston View citations (2)
146. Can we ensure that global banks do not create global problems?
     Speech, Federal Reserve Bank of Boston
147. Challenges in resolving systemically important financial institutions
     Speech, Federal Reserve Bank of Boston View citations (3)
148. Could a systemic regulator have seen the current crisis?
     Speech, Federal Reserve Bank of Boston View citations (1)
149. Housing and the economy: perspectives and possibilities
     Speech, Federal Reserve Bank of Boston
150. Inflation and monetary policy in extraordinary times
     Speech, Federal Reserve Bank of Boston
151. Lessons for the future from the financial crisis
     Speech, Federal Reserve Bank of Boston
152. Making monetary policy during a financial crisis
     Speech, Federal Reserve Bank of Boston View citations (1)
153. Prevention, containment, and policy change – lessons from history
     Speech, Federal Reserve Bank of Boston
154. Prospects for an economic recovery
     Speech, Federal Reserve Bank of Boston
155. Testimony at the field hearing of the Committee on Financial Services of the U.S. House of Representatives, “Seeking Solutions – Finding Credit for Small and Mid-Size Businesses in Massachusetts”
     Speech, Federal Reserve Bank of Boston
156. The impact of liquidity, securitization, and banks on the real economy
     Speech, Federal Reserve Bank of Boston
     See also Journal Article The Impact of Liquidity, Securitization, and Banks on the Real Economy, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (6) (2010)
157. The roles and responsibilities of a systemic regulator
     Speech, Federal Reserve Bank of Boston

2008

158. A historical perspective on housing downturns
     Speech, Federal Reserve Bank of Boston
     Also in Speech, Federal Reserve Bank of Boston (2008)
159. Bank supervision and central banking: understanding credit during a time of financial turmoil
     Speech, Federal Reserve Bank of Boston View citations (2)
     See also Chapter Bank supervision and central banking: understanding credit during a time of financial turmoil, BIS Papers chapters, Bank for International Settlements (2009) (2009)
160. Current challenges in housing and home loans: complicating factors and the implications for policymakers
     Speech, Federal Reserve Bank of Boston View citations (2)
161. Early lessons from recent financial turmoil
     Speech, Federal Reserve Bank of Boston View citations (1)
162. Empirical questions in modeling inflation and understanding the implications for policy
     Speech, Federal Reserve Bank of Boston
163. Implications of a credit crunch
     Speech, Federal Reserve Bank of Boston View citations (3)
164. Liquidity and systemic risk
     Speech, Federal Reserve Bank of Boston
165. Observations on housing, lending, and foreclosure prevention
     Speech, Federal Reserve Bank of Boston
166. Risk-management lessons from recent financial turmoil
     Speech, Federal Reserve Bank of Boston
167. Some principles to consider in future regulatory reform
     Speech, Federal Reserve Bank of Boston
168. The economy and markets
     Speech, Federal Reserve Bank of Boston View citations (2)
169. The impact of financial institutions and financial markets on the real economy: implications of a 'liquidity lock'
     Speech, Federal Reserve Bank of Boston View citations (2)
170. The mortgage meltdown: implications for credit availability
     Speech, Federal Reserve Bank of Boston

2007

171. Recent developments in real estate, financial markets, and the economy: a speech at the Portland Regional Chamber of Commerce, Portland, Maine, October 10, 2007
     Speech, Federal Reserve Bank of Boston
172. Remarks at the launch of the Mortgage Relief Fund
     Speech, Federal Reserve Bank of Boston
173. Subprime mortgage problems: research, opportunities, and policy considerations
     Speech, Federal Reserve Bank of Boston View citations (5)

2005

174. Implications of Alternative Operational Risk Modeling Techniques
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     Also in Working Papers, Federal Reserve Bank of Boston (2004) View citations (9)
     See also Chapter Implications of Alternative Operational Risk Modeling Techniques, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (6) (2007)
175. The potential impact of explicit Basel II operational risk capital charges on the competitive environment of processing banks in the United States
     Basel II White Paper, Board of Governors of the Federal Reserve System (U.S.)

2003

176. Capital and risk: new evidence on implications of large operational losses
     Working Papers, Federal Reserve Bank of Boston View citations (4)
     See also Journal Article Capital and Risk: New Evidence on Implications of Large Operational Losses, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (38) (2006)
177. Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
     See also Journal Article Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan, American Economic Review, American Economic Association (2005) View citations (571) (2005)

2002

178. Quantification of operational risk
     Proceedings, Federal Reserve Bank of Chicago

2001

179. Japanese Banking Problems: Implications For Southeast Asia
     Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
     Also in Working Papers, Federal Reserve Bank of Boston (1998) View citations (6)
     See also Chapter Japanese Banking Problems: Implications for Southeast Asia, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) View citations (1) (2002)

2000

180. Identifying the macroeconomic effect of loan supply shocks
     Working Papers, Federal Reserve Bank of Boston View citations (22)
     See also Journal Article Identifying the Macroeconomic Effect of Loan Supply Shocks, Journal of Money, Credit and Banking, Blackwell Publishing (2003) View citations (78) (2003)
181. Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
     Also in Working Papers, Federal Reserve Bank of Boston (2000) View citations (6)
     See also Journal Article Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit, American Economic Review, American Economic Association (2002) View citations (179) (2002)

1999

182. Determinants of the Japan Premium: Actions Speak Louder Than Words
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     Also in Working Papers, Federal Reserve Bank of Boston (1998) View citations (15)
     See also Journal Article Determinants of the Japan premium: actions speak louder than words, Journal of International Economics, Elsevier (2001) View citations (50) (2001)
183. Does the Federal Reserve possess an exploitable informational advantage?
     Working Papers, Federal Reserve Bank of Boston View citations (2)
     See also Journal Article Does the federal reserve possess an exploitable informational advantage?, Journal of Monetary Economics, Elsevier (2003) View citations (41) (2003)
184. Factors affecting the Japanese premium
     Proceedings, Federal Reserve Bank of Chicago
185. Impact of greater bank disclosure amidst a banking crisis
     Working Papers, Federal Reserve Bank of Boston View citations (24)
186. International implications of disclosing supervisory information
     Proceedings, Federal Reserve Bank of Chicago
187. Is bank supervision central to central banking?
     Working Papers, Federal Reserve Bank of Boston View citations (132)

1998

188. Can bank supervisory information improve forecasts of variables critical to monetary policy?
     Proceedings, Federal Reserve Bank of Chicago
189. Does the Federal Reserve have an informational advantage? you can bank on it
     Working Papers, Federal Reserve Bank of Boston View citations (16)
190. The poor performance of foreign bank subsidiaries: were the problems acquired or created?
     Working Papers, Federal Reserve Bank of Boston View citations (4)
     See also Journal Article The poor performance of foreign bank subsidiaries: Were the problems acquired or created?, Journal of Banking & Finance, Elsevier (1999) View citations (72) (1999)
191. Will greater disclosure and transparency prevent the next banking crisis?
     Working Papers, Federal Reserve Bank of Boston View citations (9)

1997

192. Bank consolidation and small business lending: it's not just bank size that matters
     Working Papers, Federal Reserve Bank of Boston View citations (21)
     See also Journal Article Bank consolidation and small business lending: It's not just bank size that matters, Journal of Banking & Finance, Elsevier (1998) View citations (191) (1998)
193. Collateral damage: effects of the Japanese real estate collapse on credit availability and real activity in the United States
     Working Papers, Federal Reserve Bank of Boston View citations (16)
194. Is banking supervision central to central banking?
     Working Papers, Federal Reserve Bank of Boston View citations (4)

1996

195. Derivatives Activity at Troubled Banks
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (3)
     Also in Boston College Working Papers in Economics, Boston College Department of Economics (1996) View citations (1)
     Working Papers, Federal Reserve Bank of Boston (1996) View citations (1)
     See also Journal Article Derivatives Activity at Troubled Banks, Journal of Financial Services Research, Springer (1997) View citations (10) (1997)
196. The International Transmission of Financial Shocks: The Case of Japan
     Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)
     Also in Working Papers, Federal Reserve Bank of Boston (1996) View citations (13)
     See also Journal Article The International Transmission of Financial Shocks: The Case of Japan, American Economic Review, American Economic Association (1997) View citations (545) (1997)
197. Will Legislated Early Intervention Prevent the Next Banking Crisis?
     Boston College Working Papers in Economics, Boston College Department of Economics View citations (5)
     Also in Working Papers, Federal Reserve Bank of Boston (1996) View citations (10)

1995

198. Bank regulatory agreements and real estate lending
     Working Papers, Federal Reserve Bank of Boston View citations (7)
     See also Journal Article Bank Regulatory Agreements and Real Estate Lending, Real Estate Economics, American Real Estate and Urban Economics Association (1996) View citations (17) (1996)
199. Banks and the availability of small business loans
     Working Papers, Federal Reserve Bank of Boston View citations (19)
200. Small business credit availability: how important is size of lender?
     Working Papers, Federal Reserve Bank of Boston View citations (39)
201. The effects of interstate branching on small business lending
     Proceedings, Federal Reserve Bank of Chicago View citations (3)

1993

202. Bank Real Estate And The New England Capital Crunch
     Boston College Working Papers in Economics, Boston College Department of Economics View citations (4)
203. Bank regulation and the credit crunch
     Working Papers, Federal Reserve Bank of Boston View citations (13)
     See also Journal Article Bank regulation and the credit crunch, Journal of Banking & Finance, Elsevier (1995) View citations (250) (1995)
204. Empirical evidence on vertical foreclosure
     Working Papers, Federal Reserve Bank of Boston View citations (1)
     See also Journal Article Empirical Evidence on Vertical Foreclosure, Economic Inquiry, Western Economic Association International (1994) View citations (17) (1994)
205. The Capital Crunch: Neither A Borrower Nor A Lender Be
     Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
     Also in Working Papers, Federal Reserve Bank of Boston (1991) View citations (16)
     See also Journal Article The Capital Crunch: Neither a Borrower nor a Lender Be, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (314) (1995)

1992

206. Bank capital regulation and the New England credit crunch
     Proceedings, Federal Reserve Bank of Chicago View citations (2)
207. Defaults of original issue high-yield convertible bonds
     Working Papers, Federal Reserve Bank of Boston
     See also Journal Article Defaults of Original Issue High-Yield Convertible Bonds, Journal of Finance, American Finance Association (1993) View citations (4) (1993)
208. Failed bank resolution and the collateral crunch: the advantages of adopting transferable puts
     Working Papers, Federal Reserve Bank of Boston View citations (2)
     See also Journal Article Failed Bank Resolution and the Collateral Crunch: The Advantages of Adopting Transferable Puts, Real Estate Economics, American Real Estate and Urban Economics Association (1994) View citations (5) (1994)
209. The Real Exchange Rate and Foreign Direct Investment in the United States: Relative Wealth vs. Relative Wage Effects
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
     Also in Working Papers, Federal Reserve Bank of Boston (1992) View citations (7)
     See also Journal Article The real exchange rate and foreign direct investment in the United States: Relative wealth vs. relative wage effects, Journal of International Economics, Elsevier (1994) View citations (173) (1994)
210. The role of real estate in the New England credit crunch
     Working Papers, Federal Reserve Bank of Boston View citations (3)

Journal Articles

2014

1. Our Financial Structures—Are They Prepared for Financial Instability?
   Journal of Money, Credit and Banking, 2014, 46, (s1), 143-156 View citations (3)
   See also Working Paper Our financial structures: are they prepared for financial instability?, Speech (2012) (2012)

2013

2. How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
   Journal of Finance, 2013, 68, (2), 715-737 View citations (94)
   See also Working Paper How effective were the Federal Reserve emergency liquidity facilities?: evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, Supervisory Research and Analysis Working Papers (2010) View citations (13) (2010)

2012

3. Revisiting Monetary Policy in a Low-Inflation Environment: Remarks at the Federal Reserve Bank of Boston's 55th Economic Conference
   Journal of Money, Credit and Banking, 2012, 44, 165-174

2010

4. The Impact of Liquidity, Securitization, and Banks on the Real Economy
   Journal of Money, Credit and Banking, 2010, 42, (s1), 221-228 View citations (6)
   See also Working Paper The impact of liquidity, securitization, and banks on the real economy, Speech (2009) (2009)

2007

5. Market and risk management innovations: implications for safe and sound banking
   Economic Review, 2007, (Q1-2), 36 - 39 View citations (1)

2006

6. Capital and Risk: New Evidence on Implications of Large Operational Losses
   Journal of Money, Credit and Banking, 2006, 38, (7), 1819-1846 View citations (38)
   See also Working Paper Capital and risk: new evidence on implications of large operational losses, Working Papers (2003) View citations (4) (2003)

2005

7. Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
   American Economic Review, 2005, 95, (4), 1144-1166 View citations (571)
   See also Working Paper Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan, NBER Working Papers (2003) View citations (43) (2003)

2004

8. Commentary on \\"Disclosure, volatility, and transparency: an empirical investigation into the value of bank disclosure.\\"
   Economic Policy Review, 2004, (Sep), 49-51

2003

9. Does the federal reserve possess an exploitable informational advantage?
   Journal of Monetary Economics, 2003, 50, (4), 817-839 View citations (41)
   See also Working Paper Does the Federal Reserve possess an exploitable informational advantage?, Working Papers (1999) View citations (2) (1999)
10. Identifying the Macroeconomic Effect of Loan Supply Shocks
    Journal of Money, Credit and Banking, 2003, 35, (6), 931-46 View citations (78)
    See also Working Paper Identifying the macroeconomic effect of loan supply shocks, Working Papers (2000) View citations (22) (2000)
11. The impact of economic slowdowns on financial institutions and their regulators: an overview
    Journal of Financial Intermediation, 2003, 12, (2), 150-152

2002

12. Economic cycles and bank health
    Conference Series ; [Proceedings], 2002 View citations (3)
13. Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
    American Economic Review, 2002, 92, (3), 664-682 View citations (179)
    See also Working Paper Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit, NBER Working Papers (2000) View citations (9) (2000)

2001

14. Capital allocation for operational risk: implementation challenges for bank supervisors
    Conference Series ; [Proceedings], 2001
15. Determinants of the Japan premium: actions speak louder than words
    Journal of International Economics, 2001, 53, (2), 283-305 View citations (50)
    See also Working Paper Determinants of the Japan Premium: Actions Speak Louder Than Words, NBER Working Papers (1999) View citations (4) (1999)

2000

16. Building an infrastructure for financial stability: an overview
    Conference Series ; [Proceedings], 2000, (jun), 1-18 View citations (1)
    Also in New England Economic Review, 2000, (Nov), 3-16 (2000) View citations (1)
17. Building an infrastructure for financial stability: proceedings of a conference June 2000
    Conference Series ; [Proceedings], 2000, 44, (Jun)
18. Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States
    American Economic Review, 2000, 90, (1), 30-45 View citations (819)
19. Implications of the globalization of the banking sector: the Latin American experience
    New England Economic Review, 2000, (Sep), 45-62 View citations (103)
    Also in Conference Series ; [Proceedings], 2000, 44, (Jun), 145-185 (2000) View citations (93)
20. The Market Reaction to the Disclosure of Supervisory Actions: Implications for Bank Transparency
    Journal of Financial Intermediation, 2000, 9, (3), 298-319 View citations (63)

1999

21. Japanese banking problems: implications for lending in the United States
    New England Economic Review, 1999, (Jan), 25-36 View citations (2)
22. Modernizing Financial Regulation: Implications for Bank Supervision
    Journal of Financial Services Research, 1999, 16, (2), 117-123 View citations (1)
23. The poor performance of foreign bank subsidiaries: Were the problems acquired or created?
    Journal of Banking & Finance, 1999, 23, (2-4), 579-604 View citations (72)
    See also Working Paper The poor performance of foreign bank subsidiaries: were the problems acquired or created?, Working Papers (1998) View citations (4) (1998)
24. Using bank supervisory data to improve macroeconomic forecasts
    New England Economic Review, 1999, (Sep), 21-32 View citations (3)

1998

25. Bank consolidation and small business lending: It's not just bank size that matters
    Journal of Banking & Finance, 1998, 22, (6-8), 799-819 View citations (191)
    See also Working Paper Bank consolidation and small business lending: it's not just bank size that matters, Working Papers (1997) View citations (21) (1997)
26. The evolution of bank lending to small business
    New England Economic Review, 1998, (Mar), 27-36 View citations (5)

1997

27. Derivatives Activity at Troubled Banks
    Journal of Financial Services Research, 1997, 12, (2), 287-302 View citations (10)
    See also Working Paper Derivatives Activity at Troubled Banks, Center for Financial Institutions Working Papers (1996) View citations (3) (1996)
28. Have borrower concentration limits encouraged bank consolidation?
    New England Economic Review, 1997, (Jan), 37-47 View citations (1)
29. How well capitalized are well-capitalized banks?
    New England Economic Review, 1997, (Sep), 41-50 View citations (13)
30. The International Transmission of Financial Shocks: The Case of Japan
    American Economic Review, 1997, 87, (4), 495-505 View citations (545)
    See also Working Paper The International Transmission of Financial Shocks: The Case of Japan, Boston College Working Papers in Economics (1996) View citations (3) (1996)

1996

31. Are consumer delinquencies a problem for New England banks?
    New England Banking Trends, 1996, (Spr), 3-5 View citations (1)
32. Bank Regulatory Agreements and Real Estate Lending
    Real Estate Economics, 1996, 24, (1), 55-73 View citations (17)
    See also Working Paper Bank regulatory agreements and real estate lending, Working Papers (1995) View citations (7) (1995)
33. The use of capital ratios to trigger intervention in problem banks: too little, too late
    New England Economic Review, 1996, (Sep), 49-58 View citations (16)

1995

34. Antitrust policy and vertical mergers
    New England Economic Review, 1995, (Sep), 27-38
35. Bank lending and the transmission of monetary policy
    Conference Series ; [Proceedings], 1995, 39, 47-79 View citations (54)
36. Bank regulation and the credit crunch
    Journal of Banking & Finance, 1995, 19, (3-4), 679-692 View citations (250)
    See also Working Paper Bank regulation and the credit crunch, Working Papers (1993) View citations (13) (1993)
37. Bank regulatory agreements in New England
    New England Economic Review, 1995, (May), 15-24 View citations (18)
38. Is bank lending important for the transmission of monetary policy: an overview
    Conference Series ; [Proceedings], 1995, 39, 1-14 View citations (77)
    Also in New England Economic Review, 1995, (Nov), 3-11 (1995) View citations (60)
39. Is bank lending important for the transmission of monetary policy? proceedings of a conference held in June 1995
    Conference Series ; [Proceedings], 1995, 39, (Jun) View citations (11)
40. Terminations of formal regulatory actions at New England banks
    New England Banking Trends, 1995, (Win), 3-5
41. The Capital Crunch: Neither a Borrower nor a Lender Be
    Journal of Money, Credit and Banking, 1995, 27, (3), 625-38 View citations (314)
    See also Working Paper The Capital Crunch: Neither A Borrower Nor A Lender Be, Boston College Working Papers in Economics (1993) View citations (2) (1993)

1994

42. Bank Real Estate Lending and the New England Capital Crunch
    Real Estate Economics, 1994, 22, (1), 33-58 View citations (44)
43. Empirical Evidence on Vertical Foreclosure
    Economic Inquiry, 1994, 32, (2), 303-17 View citations (17)
    See also Working Paper Empirical evidence on vertical foreclosure, Working Papers (1993) View citations (1) (1993)
44. Failed Bank Resolution and the Collateral Crunch: The Advantages of Adopting Transferable Puts
    Real Estate Economics, 1994, 22, (1), 135-147 View citations (5)
    See also Working Paper Failed bank resolution and the collateral crunch: the advantages of adopting transferable puts, Working Papers (1992) View citations (2) (1992)
45. Lending to small business in New England
    New England Banking Trends, 1994, (Fall), 3-8
46. Small business lending in New England
    New England Banking Trends, 1994, (Sum), 3-8
47. The real exchange rate and foreign direct investment in the United States: Relative wealth vs. relative wage effects
    Journal of International Economics, 1994, 36, (3-4), 373-389 View citations (173)
    See also Working Paper The Real Exchange Rate and Foreign Direct Investment in the United States: Relative Wealth vs. Relative Wage Effects, NBER Working Papers (1992) View citations (8) (1992)

1993

48. Business failures in New England
    New England Economic Review, 1993, (Nov), 33-44 View citations (3)
49. Defaults of Original Issue High-Yield Convertible Bonds
    Journal of Finance, 1993, 48, (1), 345-62 View citations (4)
    See also Working Paper Defaults of original issue high-yield convertible bonds, Working Papers (1992) (1992)
50. Lessons from the Rhode Island banking crisis
    New England Economic Review, 1993, (May), 3-12 View citations (7)
51. Real estate and the credit crunch: proceedings of a conference held in September 1992
    Conference Series ; [Proceedings], 1993, 36, (Jun)

1992

52. Crunching the recovery: bank capital and the role of bank credit
    Conference Series ; [Proceedings], 1992, 36, 151-186 View citations (10)
53. Real estate and the credit crunch: an overview
    New England Economic Review, 1992, (Nov), 25-36 View citations (5)
54. The advantages of \"transferrable puts\" for loans at failed banks
    New England Economic Review, 1992, (Mar), 3-11
55. The capital crunch in New England
    New England Economic Review, 1992, (May), 21-31 View citations (20)
56. The outlook for New England banking
    Annual Report, 1992, 6-13

1991

57. Foreign exchange intervention as a signal of monetary policy
    New England Economic Review, 1991, (May), 39-50 View citations (29)

1990

58. Are the distinctions between debt and equity disappearing? An overview
    New England Economic Review, 1990, (Mar), 3-10 View citations (5)
    Also in Conference Series ; [Proceedings], 1989, 33, 1-11 (1989)
59. Are the distinctions between debt and equity disappearing? proceedings of a conference held October 1989
    Conference Series ; [Proceedings], 1990, 33, (Oct) View citations (3)
60. How diversified is New England?
    New England Economic Review, 1990, (Nov), 3-16 View citations (6)
61. The case for junk bonds
    New England Economic Review, 1990, (May), 40-49 View citations (2)

1989

62. Regulation of debt and equity
    Conference Series ; [Proceedings], 1989, 33, 173-220 View citations (1)

1988

63. Is the United States for sale? Foreign acquisitions of U.S. companies
    New England Economic Review, 1988, (Nov), 47-56 View citations (1)
64. State anti-takeover statutes
    New England Economic Indicators, 1988, (Q IV), iv-xi
65. The merger boom: an overview
    New England Economic Review, 1988, (Mar), 22-32
    Also in Conference Series ; [Proceedings], 1987, 31, 1-16 (1987) View citations (2)
66. The merger boom: proceedings of a conference held October 1987
    Conference Series ; [Proceedings], 1988, 31, (Oct)
67. The stock market and economic activity
    New England Economic Review, 1988, (May), 39-50 View citations (6)

1987

68. Are hostile takeovers different?
    Conference Series ; [Proceedings], 1987, 31, 199-242 View citations (2)
69. Forecasting changes in inflation using the Treasury bill futures market
    New England Economic Review, 1987, (Mar), 41-48 View citations (1)
70. Should states restrict takeovers?
    New England Economic Review, 1987, (Jul), 13-21

1986

71. Is there a need for regulation in the government securities market?
    New England Economic Review, 1986, (Sep), 29-40 View citations (4)

1981

72. The Australian Road Freight Industry: Is There a Need for Government Regulation?
    Australian Economic Papers, 1981, 20, (37), 299-308 View citations (1)

Books

2009

1. Revisiting the CRA - foreword
   Monograph, Federal Reserve Bank of San Francisco

Chapters

2009

1. Bank supervision and central banking: understanding credit during a time of financial turmoil
   A chapter in Household debt: implications for monetary policy and financial stability, 2009, vol. 46, pp 6-16
   See also Working Paper Bank supervision and central banking: understanding credit during a time of financial turmoil, Federal Reserve Bank of Boston (2008) View citations (2) (2008)

2007

2. Implications of Alternative Operational Risk Modeling Techniques
   A chapter in The Risks of Financial Institutions, 2007, pp 475-505 View citations (6)
   See also Working Paper Implications of Alternative Operational Risk Modeling Techniques, National Bureau of Economic Research, Inc (2005) View citations (3) (2005)

2002

3. Japanese Banking Problems: Implications for Southeast Asia
   Chapter 10 in Banking, Financial Integration, and International Crises, 2002, vol. 3, pp 303-332 View citations (1)
   See also Working Paper Japanese Banking Problems: Implications For Southeast Asia, Central Bank of Chile (2001) View citations (1) (2001)

2001

4. Synergies between Bank Supervision and Monetary Policy: Implications for the Design of Bank Regulatory Structure
   A chapter in Prudential Supervision: What Works and What Doesn't, 2001, pp 273-300 View citations (4)