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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Words That Shake Traders Journal of Empirical Finance 18 (5), 915-934, 2011
The High-Frequency Response of Exchange Rates To Monetary Policy Actions and Statements Journal of Banking and Finance 35 (2), pp. 478-489, 2011
Talking Less and Moving the Market More: Evidence from the ECB and the Fed Scottish Journal of Political Economy 58 (1), pp. 51-81, 2011
The validity of the Event-Study Approach: Evidence from the Impact of the Fed’s Monetary Policy on U.S. and Foreign Asset Prices Economica, 78 (311), pp. 429-439
Forecasting the Direction of Policy Rate Changes: The Importance of ECB Words Economic Notes 38 (1-2), pp. 39–66, 2009
The Impact of Central Bank Announcements on Asset Prices in Real Time With Giovanni Verga International Journal of Central Banking 4 (2), pp. 175-217, 2008
On the Consistency and Effectiveness of Central Bank Communication: Evidence from the ECB With Giovanni Verga European Journal of Political Economy 23 (1), pp. 146-175, 2007
Carlo Rosa's CVThe views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.