American Economic Association

Unlocking efficiency: optimal monetary policy when capital misallocation matters

Retrieved on: 
fredag, april 19, 2024
Commitment, Statistics, European Central Bank, Central bank, Face, Science, Grimm, ECB, Benigno, Journal, Policy, American Economic Journal, TFP, International Monetary Fund, American Economic Association, Business cycle, Fornaro, Interest, Princeton University Press, Directorate, American Economic Review, Literature, New Keynesian economics, Timeless, NBER

While “misallocation of capital” and its detrimental impact on productivity is traditionally beyond the scope of central banks, monetary policy can influence it through firms’ investment decisions.

Key Points: 
  • While “misallocation of capital” and its detrimental impact on productivity is traditionally beyond the scope of central banks, monetary policy can influence it through firms’ investment decisions.
  • Using a New Keynesian model and granular data on Spanish firms, our results show that expansionary monetary policy reduces capital misallocation.

Isabel Schnabel: The future of inflation (forecast) targeting

Retrieved on: 
torsdag, april 18, 2024
Reproduction, Exercise, Finance, Journal of Economic Perspectives, Calibration, Frankfurt, Empirical evidence, American Economic Association, Great Moderation, Interest, Inflation, Norges Bank, Policy, Bank, The Economic Journal, Speech, Employment, ECB, Risk, University of Chicago Press, Communication, Sveriges Riksbank, Debate, OECD, European Economic Review, Watcher, Economic Policy (journal), Goethe University Frankfurt, Federal Reserve Bank, Depression, Christian Social Union (UK), Climate change, Projection, IPhone, Intelligence, Agriculture, Bias, Journal, Research, Disinflation, Harvard Business School, University, Food, Business cycle, Bank of England, European Central Bank, The, American Economic Journal, Uncertainty, Attention, Finance Secretary (India), Conference, Forecasting, Growth, Rotation, Environment, Reserve Bank, Federal, COVID-19, Washington, D.C., Metal, HICP, Federal Reserve, Working paper, American Economic Review, Cryptocurrency

Stock market development and familiarity (language and distance) are considered key determinants for home bias.

Key Points: 
  • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
  • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

Central bank digital currency and monetary policy implementation

Retrieved on: 
torsdag, april 18, 2024
E41, Central bank digital currency, Atlantic Council, Research Papers in Economics, Remuneration, Norges Bank, People's Bank of China, Policy, Central Bank of Myanmar, Bank for International Settlements, Blog, Financial innovation, Sveriges Riksbank, Bank of Canada, Mechanics, Journal of Monetary Economics, Insurance, Bank of England, E42, Corridor, Quarterly Journal of Economics, Report card, Frankfurt, Appetite, American Economic Association, Digital rupee, Rosolin, RBI, PDF, Private, ECB, Committee, Inden, North Rhine-Westphalia, Bank, Canadian International Council, Social science, JEL, JMD, ECCB, Digital, Journal, Research, POC, European Central Bank, ENaira, M.A, Monetary economics, Section 5, Government, ISSN, The, Central bank, Finance, Buffer, Parliament, CBN, EONIA, Asset, ATM, Risk, International Monetary Fund, Interbank, Section 4, Ministry, Press release, Section 3, Human, Waterfall, Cryptocurrency, Economy, Swiss National Bank, PIB, Section 2, Conference, Reserve Bank, Reserve Bank of India, GBP, Progress, Road, American Economic Review, CBB, Digital currency, Agur, European Commission, International Settlement, Constraint, Money, Community business development corporation, City, Equivalence, Eligibility, Ministry of Finance, Report, Control, Civil service commission, EUR, Uncertainty, Eastern Caribbean Central Bank, Abadi, Rest, Reproduction, Fintech, IMF, Federal Reserve, LCR, Data
Key Points: 

    Restaurant365 Launches Tip Automation, Strengthening Payroll Accuracy & Efficiency

    Retrieved on: 
    torsdag, februari 29, 2024
    Coffee, American Economic Association, Restaurant, Mistake, Software, POS, Food delivery

    IRVINE, Calif., Feb. 29, 2024 /PRNewswire/ -- Restaurant365, the leading all-in-one restaurant enterprise management platform, today announced the release of its tip automation tool, empowering restaurant leaders to streamline this complicated but essential work while empowering them to refocus on the most important strategic initiatives.  

    Key Points: 
    • Automation empowers restaurant leaders to set customizable rules to streamline tip payouts, payroll, and compliance.
    • Restaurant365 Tip Automation bridges the gap between POS punches and the payroll system, eliminating the need for cumbersome data entry and auditing, while automating record keeping.
    • "Restaurant365 Tip Automation gives me four to five hours of my week back," said Chad Arnold, an Oklahoma-based Summer Moon Coffee franchisee and early adopter of the tool.
    • By moving the entire tip workflow to an automated system, restaurant leaders and employees get greater visibility into the entire process.

    Analog Devices Appoints Peter Henry to its Board of Directors

    Retrieved on: 
    torsdag, december 7, 2023
    Semiconductor, Hardware, Other Technology, Technology, Software, Citigroup, American Economic Association, Research, Mathematics, University of Oxford, Council, Chair, Analog Devices, National Science Foundation, Fellow, Student, Bangladesh Technical Education Board, Multimedia, Mentorship, Doctor of Philosophy, ADI, Stanford University, Kōnosuke Matsushita, Intelligence, Foreign policy, Hoover Institution, NIKE, Massachusetts Institute of Technology, University, International economics, Nike, Device, Management, Business, Economics

    Analog Devices, Inc. (Nasdaq: ADI ) today announced that its Board of Directors has appointed Dr. Peter B. Henry, a renowned international economist, as an independent director and member of the Board’s Audit Committee effective December 5, 2023.

    Key Points: 
    • Analog Devices, Inc. (Nasdaq: ADI ) today announced that its Board of Directors has appointed Dr. Peter B. Henry, a renowned international economist, as an independent director and member of the Board’s Audit Committee effective December 5, 2023.
    • Dr. Henry is also Dean Emeritus of New York University’s Leonard N. Stern School of Business.
    • View the full release here: https://www.businesswire.com/news/home/20231207206669/en/
      Analog Devices appoints Peter Henry to its Board of Directors (Photo: Business Wire)
      “We are delighted to welcome Peter to the ADI Board,” said Vincent Roche, ADI’s CEO and Chair.
    • Dr. Henry currently serves on the Boards of Directors of Citigroup and NIKE, Inc., and as Chair of the Board of the National Bureau of Economic Research.

    BentallGreenOak Appoints Ryan Severino as Chief Economist and Head of Research in the U.S.

    Retrieved on: 
    tisdag, maj 9, 2023
    Construction & Property, REIT, Columbia University, American Economic Association, CFA, AEA, BGO, The Wall Street Journal, JLL, Economist, Chartered, Risk management, Business economics, Multimedia, Research, Urban Land Institute, Georgetown University, Severino, Financial Times, CNBC, Starwood Capital Group, NABE, Bloomberg, National Council, The New York Times, CFA Institute, ULI, National Association, Economics, National Association for Business Economics, Real estate, New York University

    BentallGreenOak (BGO ), a leading, global real estate investment management advisor and a globally-recognized provider of real estate services, today announced the appointment of Ryan Severino to the newly-created role of Chief Economist and Head of Research for the firm’s U.S. business.

    Key Points: 
    • BentallGreenOak (BGO ), a leading, global real estate investment management advisor and a globally-recognized provider of real estate services, today announced the appointment of Ryan Severino to the newly-created role of Chief Economist and Head of Research for the firm’s U.S. business.
    • Severino will focus on global and regional economic research, analysis, and commentary, as well as supporting BGO’s investment and portfolio management teams through property market forecasting.
    • View the full release here: https://www.businesswire.com/news/home/20230509005177/en/
      Severino brings 25 years of economics, real estate, and investment research and analysis to his role at BGO.
    • He joins BGO from JLL where he served as Chief Economist and managed the economics team.

    Renowned MIT Economist Dr. Richard Schmalensee Joins BRG's Antitrust & Competition Policy Practice as Senior Advisor

    Retrieved on: 
    tisdag, april 18, 2023
    BRG, MIT Sloan School of Management, Executive, American Economic Association, Industrial organization, Justice, International Securities Exchange, U.S. Department of Defense Strategy for Operating in Cyberspace, New Economics, The New York Times, The Wall Street Journal, Berkeley Research Group, Econometric Society, Multisided record, Policy, National Council of Applied Economic Research, Economist, U.S. Department of Justice Office of Legislative Affairs, American Academy, Public policy, Handbook, MIT, Distinguished Fellow of the British Computer Society, Public sector, Future, Competition law, Council, Council of Economic Advisers, Center for Business and Economic Research, Science, National Bureau of Asian Research, Book, National academy, Management, Economics, Schmalensee

    BOSTON, April 18, 2023 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today the appointment of Dr. Richard "Dick" Schmalensee as a senior advisor to the firm's Antitrust & Competition Policy practice.

    Key Points: 
    • BOSTON, April 18, 2023 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today the appointment of Dr. Richard "Dick" Schmalensee as a senior advisor to the firm's Antitrust & Competition Policy practice.
    • Schmalensee joins BRG's world-leading antitrust and competition practice on the heels of high-profile appointments including renowned experts Dr. David S. Evans and Dr. Rosa M. Abrantes-Metz , and the September appointment of distinguished antitrust economist Dr. David Sunding .
    • Schmalensee is the Dean, Emeritus, of the MIT Sloan School of Management, and Howard W. Johnson Professor of Management and Professor of Economics, Emeritus, at MIT.
    • "Professor Schmalensee is one of the foremost academics in the application of economics to competition policy issues.

    TIAA Institute Awards Christina H. Paxson with Hesburgh Award for Leadership Excellence in Higher Education

    Retrieved on: 
    måndag, april 17, 2023
    Association of American Universities, American Council on Education, Federal Reserve Bank, United States Commission on Civil Rights, Hesburgh Award, American Economic Association, Partnership, University, Education, Curriculum, American Academy, Research, American Council, Bangladesh Technical Education Board, Government, Science, Paxson, Student, TIAA, Federal Reserve Bank of Boston, ACE, Brown University, Diversity, Economic development, Faculty, Knowledge, Inclusion, Notre Dame, Health, Theodore Hesburgh, National academy, Nursing, Management, Brown

    NEW YORK, April 17, 2023 /PRNewswire/ -- After years of leading a university that has spurred economic development, created a more equitable campus community and developed new ways to support undocumented, low-income and first-generation college students, Brown University President Christina H. Paxson is the recipient of the 2023 TIAA Institute Hesburgh Award for Leadership Excellence.

    Key Points: 
    • It's presented to a current college or university president or chancellor for outstanding leadership of their institution and broad impact on higher education and society.
    • Paxson was honored for her leadership of Brown initiatives that have improved health, education and economic well-being for residents of Providence and throughout Rhode Island.
    • "I am honored to receive this award celebrating the legacy of Father Hesburgh and his commitment to education and service," Paxson said.
    • Established in 1993, the Hesburgh Award recognizes leadership and commitment to higher education and contributions to the greater good.

    SOFR Academy Welcomes Completion of PwC Review of Invesco Indexing Alignment With IOSCO Principles for Financial Benchmarks

    Retrieved on: 
    tisdag, december 6, 2022
    Finance, Public Relations, Investor Relations, Consulting, Banking, Accounting, Communications, Professional Services, Other Education, Asset Management, Education, Invesco, Maintenance, Security (finance), American Bankers Association, PricewaterhouseCoopers, CFA, International Swaps and Derivatives Association, Use, Management, Loan Syndications and Trading Association, ISDA, APLMA, Stanford Graduate School of Business, Systematic, U.S. Chamber of Commerce Building, Federal Reserve, FXI, Federal Reserve Bank, International Organization (journal), CPSS-IOSCO Principles for Financial Market Infrastructures, LSTA, NYSE, Bretton Woods Committee, Index, ABA, Structure of the Federal Reserve System, International Organization of Securities Commissions, AXI, USCC, BWC, SOFR, Asset-backed security, American Economic Association, Federal Reserve Bank of New York, Commerce, IOSCO, AEA, USD, Audit, Financial adviser, Bank, Insurance

    PwC assessed whether Invesco Indexing has implemented policies, processes, and control activities aligned with the IOSCO Principles.

    Key Points: 
    • PwC assessed whether Invesco Indexing has implemented policies, processes, and control activities aligned with the IOSCO Principles.
    • Invesco Indexing LLC is an independent index provider owned by global asset management firm Invesco Ltd (NYSE: IVZ).
    • Invesco Indexing was also one of the first third-country benchmark administrators to be approved under the EU Benchmarks Regulation and, since January 2021, the UK Benchmarks Regulation.
    • Invesco Indexing LLC is an indirect, wholly owned subsidiary of Invesco Ltd.
      SOFR Academy supports SOFR, and near risk-free rates.

    Howard University Announces Record $122 Million in Annual Research Funding; Creating New Opportunities for Students & Faculty

    Retrieved on: 
    fredag, oktober 21, 2022
    Racism, Ailsa Mellon Bruce, University of Pennsylvania Economics Department, Architecture, Voiland College of Engineering and Architecture, Machine learning, HBCU, Education, Alfred P. Sloan Foundation, Contract, MBA, Investment, Artificial intelligence, Student, Department, Health, Economics, Social media, Howard University, Faculty, College, Leadership, GLOBE, U.S. Department of Defense Strategy for Operating in Cyberspace, Historically black colleges and universities, Center, Defense, Alfred, School, Howard, American Economic Association, Management, Pharmaceutical industry, Medicine, Engineering, University, Black, Research

    Today, Howard surpassed that goal two years early by raising $122 million in Fiscal Year 2022, a record sum for any Historically Black College or University (HBCU).

    Key Points: 
    • Today, Howard surpassed that goal two years early by raising $122 million in Fiscal Year 2022, a record sum for any Historically Black College or University (HBCU).
    • With our new approach to research funding, we are creating more opportunities for leading Black scholars today, while training the next generation of leaders.
    • In 2018, President Frederick relaunched Howards Office of Research and recruited Dr. Bruce Jones, Ph.D. to lead the effort.
    • With this influx of funding, Howard University is on track to becoming an R1 Research University in the coming years, a recognition awarded to the top 3.5 percent of research universities.