Which Federal Reserve Bank presidents vote on the US monetary policy committee
depends on a mechanical, yearly rotation scheme. Rotation is without exclusion: nonvoting …

I provide empirical evidence that Fed officials use their speeches to guide short-term
interest rate expectations. Measures of misalignment between market and central bankers' …

Fed Presidents usually dissent for tighter policy During the period covered in the paper,
1993-2013• Fed presidents have dissented 64 times, 87% for tighter policy• Board members …

We provide a long-run perspective on neutral interest rates with new estimates for 16 advanced
economies since the 1870s using the Laubach and Williams approach. Our estimates …

The overnight money market plays an important role in the implementation and transmission
of monetary policy in the euro area. Money market fragmentation is a sign of impairment in …

This thesis comprises three essays on monetary policy and financial markets. The research
uses micro data and textual analysis to answer questions in the intersection between finance …

Most of the Reserve Bank presidents of the Federal Open Market Committee of the US
Federal Reserve System have rotating voting rights. This column discusses new evidence that …

Disagreement over future nominal interest rates is currently high, creating challenges for
central banks. This column argues that the real neutral rate of interest has a slow-moving, long-…

Market liquidity is of value to both investors and issuers of securities, and is therefore a
crucial factor in asset pricing. For the important asset class of Eurobonds, significant feedback …

A widely accepted principle in finance is that good corporate governance is associated with
higher firm value. However, what is “good governance” and whether the same set of good …