The Topology of the Federal Funds Market.
November 7th, 2008 piotr zukowskiMorten L. Bech and Enghin Atalay. The Topology of the Federal Funds Market. Federal Reserve Bank of New York Staff Reports Staff Report Number 354, November 2008.
Morten L. Bech and Enghin Atalay. The Topology of the Federal Funds Market. Federal Reserve Bank of New York Staff Reports Staff Report Number 354, November 2008.
Several studies have shown that, ex-post, the issuance of Treasury Inflation-Protected Securities (TIPS) has cost U.S. taxpayers money. We propose that evaluations of the TIPS program be more comprehensive and focus on the ex-ante costs of TIPS issuance versus nominal Treasury issuance and, especially when these costs are negligible, the more difficult-to-measure benefits of the program. Our study finds that the ex-ante costs of TIPS issuance versus nominal Treasury issuance are currently about equal and that TIPS provide meaningful benefits to investors and policymakers.
Gara M. Afonso and Hyun Song Shin. Systemic Risk and Liquidity in Payment Systems. Federal Reserve Bank of New York Staff Reports Staff Report Number 352, October 2008.
Fernando Ferreira, Joseph Gyourko, and Joseph Tracy. Housing Busts and Household Mobility. Federal Reserve Bank of New York Staff Reports Staff Report Number 350, October 2008.
Gara M. Afonso. Liquidity and Congestion. Federal Reserve Bank of New York Staff Reports Staff Report Number 349, October 2008.
Tobias Adrian and Markus Brunnermeier. CoVaR. Federal Reserve Bank of New York Staff Reports Staff Report Number 348 , September 2008.
Tobias Adrian and Hyun Song Shin. Financial Intermediaries, Financial Stability, and Monetary Policy. Federal Reserve Bank of New York Staff Reports Staff Report Number 346 , September 2008.
Leonardo Bartolini, Linda Goldberg, and Adam Sacarny. How Economic News Moves Markets. Federal Reserve Bank of New York Current Issues in Economics and Finance , Volume 14, Number 6 , August 2008.
James A. Kahn. What Drives Housing Prices?. Federal Reserve Bank of New York Staff Reports Staff Report Number 345 , September 2008.
Andrew Haughwout, Richard Peach, and Joseph Tracy. Juvenile Delinquent Mortgages: Bad Credit or Bad Economy?. Federal Reserve Bank of New York Staff Reports Staff Report Number 341 , August 2008.