Federal Reserve Board's semiannual monetary policy report to the Congress: testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, February 16, 2005

By A. Greenspan. 2002

126 citations recorded by the source corpus.

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Citations in the corpus

NEW EVIDENCE ON THE INTEREST RATE EFFECTS OF BUDGET DEFICITS AND DEBT (2009, unknown): “This latter decline, which has sometimes been labelled a “conundrum” (Greenspan, 2005), has been attributed variously to a substantial decline in term premia over this period (Kim and Wright, 2005) or to a “global savings glut” depressing expectations of future equilibrium real interest rates…”
Why Do Corporate Managers Misstate Financial Statements? the Role of Option Compensation and Other Factors (2007, unknown): “In Senate testimony Greenspan (2002) linked recent accounting problems to poorly structured option contracts that ''perversely created incentives to artificially inflate reported earnings in order to keep stock prices high and rising.''”
Extracting inflation expectations and inflation risk premia from the term structure: a joint model of the UK nominal and real yield curves (2010, background): “…period, Risa does not shed much light on the impact of Bank of England independence on the term structure of interest rates and does not analyse the reasons for the period of unusually low long-term real interest rates christened the bond yield `conundrum' by Greenspan (2005) that began in 2004.”
Should the European Central Bank and the Federal Reserve Be Concerned About Fiscal Policy (2002, background): “See Greenspan (2001, 2002). economy and, to a lesser extent, expected inflation) as the cause of long-term interest rate developments in the Federal Reserve s two most recent semiannual monetary policy reports to the Congress.31 The effects of fiscal policy on long-term interest rates are also…”
The Process of Innovation Assimilation by Firms in Different Countries: A Technology Diffusion Perspective on E-Business (2006, background): “It has been widely noted that technological innovations such as the Internet are a primary driver of industrial productivity (Greenspan 2002), but if promising innovations cannot be widely adopted, the benefits resulting from their invention will be curtailed (Zhu et al. 2006a).”
Accrual-Based and Real Earnings Management Activities Around Seasoned Equity Offerings (2010, background): “Greenspan (2002) opines that “the highly desirable spread of shareholding and options among business managers perversely created incentives to artificially inflate earnings to keep stock prices high and rising.””
The Impact of Shareholder Activism on Financial Reporting and Compensation: The Case of Employee Stock Options Expensing (2009, background): “…argued that the favorable reporting treatment had led to an excessive use of option-based compensation (e.g., Bodie et al. 2003; Hall and Murphy 2003) that “perversely created incentives to artificially inflate reported earnings in order to keep stock prices high and rising” (Greenspan 2002).”
Monetary Cycles, Financial Cycles, and the Business Cycle (2010, unknown): “Alan Greenspan (2005) referred to this behavior of longer term yields as a conundrum for monetary policy makers.”
CEO Equity Incentives and Audit Fees (2015, background): “…among business managers perversely created incentives to artificially inflate reported earnings in order to keep stock prices high and rising” (Greenspan 2002). recent proposed auditing standard by the Public Company Accounting Oversight Board (PCAOB) calls for auditors to understand how a…”
Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes Oxley Periods (2008, background): “This suggests that option compensation provide managers with incentives to manipulate earnings upwards (Fuller and Jensen, 2002, Greenspan 2002, and Coffee 2003), and this effect was significantly higher during the period surrounding the corporate scandals.”
Post-Adoption Variations in Usage and Value of E-Business by Organizations: Cross-Country Evidence from the Retail Industry (2005, background): “Technological innovations are considered the primary driver of improvements in industrial productivity (Greenspan 2002).”