Cover and contents (PDF, 4 pages, 212 kb)
Basel II and the Risk Management of Basket Options with Time-Varying Correlations
by Amy S. K. Wong
Firm-Specific Labor and Firm-Specific Capital: Implications for the Euro-Data New Phillips Curve
by Julien Matheron
State-Dependent Stock Market Reactions to Monetary Policy
by Troy Davig and Jeffrey R. Gerlach
Monetary Policy Inertia: Fact or Fiction?
by Glenn D. Rudebusch
Expectations, Learning, and Discretionary Policymaking
by Christian Jensen
The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data
by Jonathan Kearns and Phil Manners