13,558 research outputs found

    Closing remarks : the Greenspan era : lessons for the future

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    Greenspan, Alan ; Monetary policy

    Analysis of proposed air drying process

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    An air drying process has been analyzed which is intended to reduce the water vapor content of a stratospheric sample to below one part per million by weight, based upon the removal of the water as it passes through a phosphorous pentoxide absorber. The analysis indicates that the method is feasible. Dependence on ram pressure to maintain flow through the absorber appears questionable and consideration should be given to other means

    Opening remarks : the Greenspan era : lessons for the future

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    Greenspan, Alan ; Monetary policy

    The role of capital in optimal banking supervision and regulation

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    This paper was the keynote address at the conference "Financial services at the crossroads: capital regulation in the twenty-first century." The conference, held at the Federal Reserve Bank of New York on February 26-27, 1998, was designed to encourage a consensus between the public and private sectors on an agenda for capital regulation in the new century.Bank capital ; Bank supervision

    Central bank perspectives on stabilization policy

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    For some time, the use of monetary and fiscal policies to smooth business cycle fluctuations has taken a back seat to longer term objectives of restoring price stability and fiscal balance. More recently, however, weaker economic performance in some of the world’s economies, most notably in Japan and the United States, has led to renewed interest in the use of short-run stabilization policy. ; This year the bank’s economic policy symposium, “Rethinking Stabilization Policy,” explored the potential scope for stabilization policy in this new environment. The papers presented at the symposium and the ensuing discussion focused on a number of key issues including: reasons for the renewed interest in stabilization policy, the effectiveness and limitations of stabilization policy, and whether the use of short-run stabilization policy conflicts with the pursuit of longer term macroeconomic objectives. ; The articles included in this special issue of the Economic Review provide perspectives on stabilization policy from five prominent central bank officials: Alan Greenspan, Otmar Issing, Guillermo Ortiz, Yukata Yamaguchi, and David Dodge. As these articles suggest, policymakers in different countries clearly share a common set of core values that guide policy. At the same time, monetary policy decisions must also be tailored to the unique circumstances of individual countries. Viewed individually, each of these presentations is highly interesting and informative. Taken together, they provide a broad perspective on the challenges facing policymakers in a changing economic environment.Monetary policy ; Fiscal policy

    Address: job insecurity and technology

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    Technology ; Employment (Economic theory)

    The Crisis

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    macroeconomics, global bubble, reform, regulation, risk management, subprime mortgage, crisis, interest
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