At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Conference Announcement
Mortgage Contract Design: Implications for Households, Monetary Policy, and Financial Stability |
![]() |
May 20-21, 2015 |
![]() |
Overview |
The design of mortgage contracts varies strikingly across countries and through time, in terms of interest rate sensitivity, callability, maturity and other dimensions. For example, long‐term prepayable fixed‐rate mortgages predominate in the US and Denmark, while variable‐rate contracts tied to short‐term interest rates are popular in the UK, Canada, Australia and a number of other countries. These differences reflect a variety of factors ranging from household preferences to housing finance regulation, and have important implications for monetary policy transmission, financial stability, household finance and portfolio choice. |
![]() |
Sponsors The conference is sponsored by the Federal Reserve Bank of New York, in association with the NYU Stern School of Business Center for Real Estate Finance Research and the Journal of Financial Economics. |
![]() |
Audience The conference aims at bringing together financial economists, macroeconomists, practitioners and policy makers. The conference is by invitation only. |
![]() |
Agenda: Day 1>> / Day 2>> |
![]() |
Media This event is open to the media. Chatham House Rule will be in effect for all but the welcoming and keynote remarks; media may report on comments made during the event, but may not attribute remarks to individuals or organizations. To register, please contact Andrea Priest at the New York Fed, andrea.priest@ny.frb.org or (212) 720-6139. |
![]() |
Location |
Federal Reserve Bank of New York |
![]() |
Conference Organizers John Campbell, Harvard University |
![]() |
Academic Program Committee Arvind Krishnamurthy, Northwestern University |
![]() |
Contact Please address any questions to: mdesign.conference@ny.frb.org. |