Remarks delivered by Sam Schulhofer-Wohl at the Federal Reserve Bank of Chicago Financial Markets Group Fall Conference.

Dallas Fed President Lorie Logan delivered these remarks on a visit to Davidson College. Thank you, Professor [Fred] Smith, ...

Abstract: We investigate how endogenous rigidities inhibit physical capital reallocation. We focus on the role of contract duration—a classic example of an adjustment rigidity. We argue that when ...

Abstract: This paper studies shortages of critical goods in an open economy with credit market frictions and the role of trade and industrial policy in mitigating them. We develop a dynamic model with ...

The Fort Worth economy weakened. Employment fell in the three months ending in September, with growth mixed across sectors. Wages and retail sales tax collections increased in September. Office and ...