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Full-Text Articles in Social and Behavioral Sciences
Investing In America's Workforce 2017, Brad J. Hershbein
Investing In America's Workforce 2017, Brad J. Hershbein
Brad J. Hershbein
From the Day 3 Plenary Lunch of the Fed's Capstone Conference in Austin, TX -- Expanding the Capacity to Invest: Policy, Transparency and Accountability. Investments for workforce development require a foundation of institutional supports that will ensure accountability. This panel, representing diverse perspectives from the public, private and nonprofit sectors, explored the institutions, policies and norms needed to establish, reinforce and facilitate new and increased investments.
Bank Lending Channel Effectiveness And Loan Sales In The Us, Sharmila K. King, Michael R. Jonas
Bank Lending Channel Effectiveness And Loan Sales In The Us, Sharmila K. King, Michael R. Jonas
Sharmila K. King
This paper examines whether banks that sell loans in the secondary market respond differently to a monetary policy innovation from those that do not engage in loan sales. We answer this question by measuring the policy response while controlling for loan sales activities. Using a simple theoretical model and U.S. bank-level Call Report longitudinal data for the period 1991Q1-2008 Q4, we conduct a dynamic panel regression analysis. We find that the long-run response to a typical policy shock is three times greater for mid-size banks engaging in loan sales. Given the increase in proportion of banks engaging in loan sales, …