Showing results 1 - 10 of 68
April 11, 2025, Opinion: "There can be little doubt that the 90-day pause on tariffs for most countries that Donald Trump announced abruptly on April 9th was driven by worries…
March 2025, Paper: "We build a simple model that shows how the incentives and constraints facing three key types of market players—broker-dealers, hedge funds, and asset managers…
January 2025, Book Chapter: "I will focus my remarks on the ongoing regulatory challenges associated with large, systemically important financial institutions, or SIFIs. In part,…
March 27, 2024, Paper: "Uninsured deposits should be subjected to tougher regulatory requirements to guard against the type of rapid runs that toppled three large regional banks…
March 1, 2024, Video: "Jeremy Stein, former Federal Reserve governor and Harvard University economics professor, joins 'The Exchange' with CNBC's Steve Liesman to discuss the…
August 2023, Paper: "We study supply-and-demand effects in the U.S. Treasury bill market by comparing the returns on T-bills to the administered policy rate on the Federal Reserve…
2023, Paper: "We develop a model in which specialized bond investors must absorb shocks to the supply and demand for long-term bonds in two currencies. Since long-term bonds and…
May 14, 2023, Audio: "This spring, Silicon Valley Bank and Signature Bank collapsed and First Republic Bank failed and was sold to J.P. Morgan Chase. The $532 billion in assets of…
December 2022, Paper: "This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than…
December 2022, Paper: "Recent research has found that monetary policy works in part by influencing the risk premiums on both traded financial-market securities and intermediated…