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| Our economists research and analyze a range of issues involving asset pricing, market microstructure, and other financial market topics. |
| Features |
| Inflation-Indexed Securities and Inflation Risk Management A conference organized by the Federal Reserve Bank of New York. The conference brought together experts in inflation pricing and hedging, inflation-indexed issuer asset-liability management, and macroeconomics. |
| RECENT ARTICLES |
Financial Visibility and the Decision to Go PrivateThe authors argue that a primary reason behind the decision of IPO firms to abandon their public listing was a failure to attract a critical mass of financial visibility and investor interest. By Hamid Mehran and Stavros Peristiani, Staff Reports 376, June 2009 |
The Persistent Effects of a False News ShockIn September 2008, a six-year-old article about the 2002 bankruptcy of United Airlines’ parent company resurfaced on the Internet and was mistakenly believed to be reporting a new bankruptcy filing by the company. By Carlos Carvalho, Nicholas Klagge, and Emanuel Moench, Staff Reports 374, May 2009 |
Credit Default Swap AuctionsThis paper studies the functioning of the interbank lending market and the optimal policy of a central bank in response to both idiosyncratic and aggregate shocks. By Jean Helwege, Samuel Maurer, Asani Sarkar, and Yuan Wang, Staff Reports 372, May 2009 |
Bank Liquidity, Interbank Markets and Monetary PolicyThis paper studies the functioning of the interbank lending market and the optimal policy of a central bank in response to both idiosyncratic and aggregate shocks. By Xavier Freixas, Antoine Martin, and David Skeie, Staff Reports 371, May 2009 |
Credit Default Swap AuctionsThis paper studies the functioning of the interbank lending market and the optimal policy of a central bank in response to both idiosyncratic and aggregate shocks. By Jean Helwege, Samuel Maurer, Asani Sarkar, and Yuan Wang, Staff Reports 372, May 2009 |
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| CURRENT FINANCIAL INDICATORS |
| The Yield Curve as a Leading Indicator Research on the yield curve as a predictor of future real U.S. economic activity. |
| Business
Finance Bonds issued, corporate equity proceeds, seasonally-adjusted business loans and seasonally-adjusted nonfinancial commercial paper outstanding. 1 page / 23 kb |
| Household
Debt Statistics Household debt burden, debt service and borrowing rates. 1 page / 16 kb |
| Interest
Rates Short and long-term interest rates and Treasury yield curve. 1 page / 16 kb |
| Stock
Price Indexes and Valuation Ratios Stock price indexes, price-to-earnings ratio and dividend yield. 1 page / 23 kb |
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