Federal Reserve Bank of St Louis
Curbs on rehypothecation may boost welfare, St Louis Fed paper finds
Rehypothecation boosts welfare, but it best kept within limits
St. Louis Fed’s Bullard doubts zero lower bound
President still in favour of ‘lower-than-normal’ interest rates
Poll: Central bankers favour clampdown on bitcoin
St. Louis Fed economist warns it will be ‘like trying to slay the Hydra’
Massive stimulus saved China from ‘great recession'
St. Louis Fed economist argues US should have copied Chinese stimulus
Rosengren calls on FOMC to update forward guidance
Forward guidance should more closely reflect the FOMC's dual mandate
St Louis Fed research chief calls Bitcoin ‘stroke of genius'
David Andolfatto ‘welcomes competition' from crypto-currency
Dudley calls for global insurance mechanism to smooth taper tantrums
Fed president says new mechanism should be developed to smooth capital flows
Fed's Bullard wants more research into what drives labour market participation
St Louis Fed president concludes the existing literature suggests demographics are behind most of the decline in participation, but calls for more detailed work on household participation decisions
Bullard warns weak inflation may put brakes on QE tapering
Inflation may be pushed even lower by a decision to taper, raising risks of deflation, the St Louis Fed president notes; calls for press conference after each FOMC meeting
Bullard says US government should scrap CPI inflation targeting
The St Louis Fed president believes switching to the Fed's PCE measure would provide clarity to the public about which measure more accurately reflects consumer price inflation
Fed's monetary policy deviates from best practice, says Bullard
Fed monetary policy has deviated from central bank best practice and should be used ‘to meet policy objectives, not calendar objectives', says St Louis Fed president
St Louis Fed president launches new household financial stability research centre
James Bullard unveils new research centre that will focus on understanding links between household balance sheets, the overall performance of the US economy, and stability and upward mobility
Bullard says inflation must pick up before asset purchases can be slowed
St Louis Fed president says future of QE should depend on inflation developments; suggests FOMC is more likely to taper than increase asset purchases
Fed’s Bullard recommends QE for ECB's next move
St Louis Fed president and FOMC voter says quantitative easing has worked in the US and Japan, and could be made to work in Europe on a GDP-weighted basis
Central bank independence: more myth than reality?
Crisis responses are placing a heavy burden on many central banks. But there is no evidence showing that legally independent central banks have a better track record in monetary policy
Bullard slams Fed’s 2012 policy
St Louis Fed president criticises ‘relatively weak’ Federal Reserve policy in 2012, but says new measures have now stepped easing up a gear
Bullard revels in greater global certainty
St Louis Fed president says uncertainty is falling around the globe; should benefit growth in euro area, emerging markets and US
Fed’s Bullard blasts ‘fiscalisation’ of ECB
James Bullard defends central bank independence while criticising the European Central Bank for mixing monetary and fiscal policy in its outright monetary transactions
St Louis Fed research stresses importance of money
Working paper argues that money is essential in determining prices, despite monetary aggregates being largely ignored by central banks; says central banks have limited power over interest rates
St Louis Fed paper finds cause of slope changes in rates term structures
Federal Reserve Bank of St Louis working paper explores the links between total factor productivity news shocks and the slope of the term structure of interest rates, finding the two are closely related
Fed paper asks if affordable housing law led to subprime lending
Federal Reserve Bank of St Louis working paper asks whether affordable housing legislation in the US contributed to the subprime securities boom
Fed's new monetary policy strategy is "flexible inflation-targeting", says Bullard
Federal Reserve Bank of St Louis president James Bullard says putting an explicit inflation target together with a sensible stabilisation policy is flexible inflation-targeting
Inflation-targeting central banks should be dissuaded from dual mandate, says St Louis Fed paper
St Louis Federal Reserve study says how Federal Reserve should respond to aggregate supply shocks is unclear if it is to pursue inflation targeting under a dual mandate
Fiscal stabilisation policy is redundant, says Bullard
St Louis Federal Reserve study says fiscal policy is ill-suited as a stabilisation policy and that monetary policy, even at the zero bound, is a more effective tool