Recessions and recoveries associated with asset-price movements: what do we know? : a speech at the Stanford Institute for Economic Policy Research, Stanford, California, January 12, 2005, and the Real Estate Roundtable, Washington, D.C., January 27, 2005

Asset pricing ; Recessions

Understanding financial consolidation

Keynote address for a conference sponsored by the Federal Reserve Bank of New York entitled Financial Innovation and Monetary TransmissionFinancial modernization ; Bank mergers

Answering the challenges of creating economic opportunity

What can be done to promote economic opportunity for all citizens and help communities prosper? Roger W. Ferguson, Jr., vice chairman of the Board of Governors of the Federal Reserve System, discussed this issue when he addressed members of the Commercial Club and the Commonwealth Club in Cincinnati on October 10, 2002.Community development

General discussion : understanding the Greenspan standard

Greenspan, Alan ; Monetary policy ; Business cycles ; Economic conditions

General discussion : the end of large current account deficits : 1970-2002 : are there lessons for the United States?

Greenspan, Alan ; Interest rates ; Deficit financing

General discussion : separating the business cycle from other economic fluctuations

Greenspan, Alan ; Monetary policy ; Business cycles

Panel discussion II: safeguarding good policy practice

Monetary policy

Roger W. Ferguson Speech, On The Future of Financial Services - Revisited, At the Future of Financial Services Conference

This speech was held at the Future of Financial Services Conferenc

Cover crop productivity and subsequent soybean yield in the western Corn Belt

Cover crops (CC) in corn (Zea mays L.) and soybean [Glycine max (L.) Merr.] rotations may prevent N loss and provide other ecosystem services but CC productivity in the western Corn Belt is limited by the short growing season. Our objective was to assess CC treatment and planting practice effects on CC biomass, spring soil nitrate concentrations, and soybean yield at two rainfed sites in eastern and one irrigated site in south-central Nebraska over 4 yr. Cover crop treatments (cereal rye [Secale cereale L.] [RYE] and a mix of rye, legume, and brassica species [MIX]) were planted by broadcast interseeding into corn stands in September (pre-harvest broadcast) or drilling after corn harvest (post-harvest drilled) and terminated 2 wk before planting soybean. Cover crop biomass and N uptake varied between years, but generally at the eastern sites, pre-harvest broadcasting produced more biomass than post-harvest drilling (1.64 and 0.79 Mg ha−1, respectively) and had greater N uptake (37 and 24 kg ha−1, respectively). At the south-central site, post-harvest drilling produced more than pre-harvest broadcasting (1.44 and 1.20 Mg ha−1, respectively). RYE had more biomass than MIX (1.41 and 1.09 Mg ha−1, respectively), but the same N uptake. Soil nitrate reductions after CC were small. In 3 of 12 site-years, soybean yielded less after pre-harvest CC. Yield reductions were not correlated to CC biomass, but were likely due to greater weed pressure. High CC productivity is necessary for high N uptake, and requires site-specific selection of planting practice and CC treatments