Designing compensation schemes is complicated, because of the difficulties in measuring performance and tying it to the actions of employees.

According to estimates done by researchers at the Richmond Fed, the federal financial safety net covered $25 trillion in liabilities, or 59 percent ...

President Lacker speaks to the Institute for International Economic Policy and the International Monetary Fund Institute in Washington, D.C.

Legislative and regulatory actions taken in response to the financial turmoil which occurred between 2007 and 2009 expanded the extent to which fin ...

The financial crisis should lead us to think hard about incentives that financial institutions face.

A single regulator tasked with preventing threats to systemic stability would need to have considerable power and discretion. But creating such a ...

The heavy losses in bank asset portfolios do not reflect an inherent failure of markets to monitor risk adequately but rather the perverse incentiv ...

The rescue of Long-Term Capital Management.

President Lacker addresses the National Association for Business Economics at the 2009 Washington Economic Policy Conference

President Lacker speaks to the Maryland Bankers Association.