Board of Governors of the Federal Reserve System

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• The Fed - On the Balance-of-Payments Effects of Direct Investment and the Efficacy of Controls: Comments on and Extensions of an Article by Peter H. Lindert

  Guy V.G. Stevens PDF: Full Paper Disclaimer: The economic research that

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-balance-of-payments-effects-of-direct-investment-and-the-efficacy-of-controls-comments-on-and-extensions-of-an-artic.htm
  



• The Fed - Modeling the International Influences on the U.S. Economy: A Multi-Country Approach

  Guy Stevens PDF: Full Paper Disclaimer: The economic research that is

  URL: https://www.federalreserve.gov/econres/ifdp/modeling-the-international-influences-on-the-us-economy-a-multi-country-approach.htm
  



• The Fed - Modeling Bilateral Exchange Rates in A Multi-Country Model

  Guy V.G. Stevens, Richard Berner, Peter Clark, Ernesto Hernandez-Cata,

  URL: https://www.federalreserve.gov/econres/ifdp/modeling-bilateral-exchange-rates-in-a-multi-country-model.htm
  



• The Fed - Monetary Policy Under Alternative Exchange-Rate Regimes: Simulations with Muliti-Country Model

  Guy Stevens, Richard Berner, and Peter Clark PDF: Full Paper Disclaimer

  URL: https://www.federalreserve.gov/econres/ifdp/monetary-policy-under-alternative-exchange-rate-regimes-simulations-with-muliti-country-model.htm
  



• The Fed - On the Inverse of the Covariance Matrix in Portfolio Analysis

  Guy V.G. Stevens Abstract: The goal of this study is the derivation and

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-inverse-of-the-covariance-matrix-in-portfolio-analysis.htm
  



• Enova - Applications and Public Exhibits - 1/16/2026

  Submission to the BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM AND FEDERAL RESERVE BANK OF CHICAGO By ENOVA INTERNATIONAL, INC. consisting

  URL: https://www.federalreserve.gov/foia/files/enova-applications-public-exhibits-20260116.pdf
  



• The Fed - Internal Funds and the Investment Function

  Guy V.G. Stevens Abstract: An extensive and increasingly persuasive body

  URL: https://www.federalreserve.gov/econres/ifdp/internal-funds-and-the-investment-function.htm
  



• The Fed - On Risk, Rational Expectations, and Efficient Asset Markets

  Guy V.G. Stevens and Dara Akbarian Abstract: The notion of asset market

  URL: https://www.federalreserve.gov/econres/ifdp/on-risk-rational-expectations-and-efficient-asset-markets.htm
  



• The Fed - Politics, Economics, and Investment: Explaining Plant and Equipment Spending by U.S. Direct Investors in Argentina, Brazil, and Mexico

  Guy V.G. Stevens Abstract: Few economists or laymen would deny that political

  URL: https://www.federalreserve.gov/econres/ifdp/politics-economics-and-investment-explaining-plant-and-equipment-spending-by-us-direct-investors-in-argentina-brazil-and-me.htm
  



• The Fed - The Adequacy of U. S. Direct Investment Data

  Guy V. G. Stevens Abstract: New questions dealing with the growth of foreign

  URL: https://www.federalreserve.gov/econres/ifdp/the-adequacy-of-u-s-direct-investment-data.htm
  

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