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ASSESSING FINANCIAL S TABILITY OVER THE CYCLE LAEL BRAINARD FEDERAL RESERVE BOARD DECEMBER 7, 2018 Presentation at the Peterson Institute for International Economics

A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,

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Page 1: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,

ASSESSING FINANCIAL STABILITY OVER THE CYCLE

LAEL BRAINARDFEDERAL RESERVE BOARD

DECEMBER 7, 2018

Presentation at the Peterson Institute for International Economics

Page 2: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 3: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 4: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 5: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 6: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 7: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 8: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 9: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 10: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,
Page 11: A FINANCIAL STABILITY OVER THE C - PIIE · 12/7/2018  · of five financial variables (the federal funds rate, the 10-year Treasury yield, the corporate BBB Treasury yields spread,