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Central Bank Research Hub - New York Fed Staff reports



The Changing Nature of Financial Intermediationand the Financial Crisis of 2007-09

by Tobias Adrian and Hyun Song Shin439
(Mar 2010)
 Abstract
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Liquidity-Saving Mechanisms in Collateral-Based RTGS Payment Systems

by Marius Jurgilas and Antoine Martin438
(Mar 2010)
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 Full text

Stressed, Not Frozen: The Federal Funds Marketin the Financial Crisis

by Gara Afonso, Anna Kovner, and Antoinette Schoar437
(Mar 2010)
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Social Security, Benefit Claiming, and Labor Force Participation: A Quantitative General Equilibrium Approach

by Selahattin Imrohoroglu and Sagiri Kitao436
(Mar 2010)
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Labor-Dependent Capital Income TaxationThat Encourages Work and Saving

by Sagiri Kitao435
(Feb 2010)
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 Full text

Correlated Disturbances and U.S. Business Cycles

by Vasco Cúrdia and Ricardo Reis434
(Feb 2010)
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The Paradox of Toil

by Gauti Eggertsson433
(Feb 2010)
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Subprime Mortgage Lending in New York City: Prevalence and Performance

by Ebiere Okah and James Orr432
(Feb 2010)
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Financial Amplification Mechanisms and the Federal Reserve's Supply of Liquidity during the Crisis

by Asani Sarkar and Jeffrey Shrader431
(Feb 2010)
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Loss Aversion, Asymmetric Market Comovements, and the Home Bias

by Kevin Amonlirdviman and Carlos Carvalho430
(Feb 2010)
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Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs

by Linda S. Goldberg, Craig Kennedy, and Jason Miu429
(Jan 2010)
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Macro Risk Premium and Intermediary Balance Sheet Quantities

by Tobias Adrian, Emanuel Moench, and Hyun Song Shin428
(Jan 2010)
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Performance Maximization of Actively Managed Funds

by Paolo Guasoni, Gur Huberman, and Zhenyu Wang427
(Jan 2010)
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 Full text

Repo Market Effects of the Term Securities Lending Facility (JEL E43, E52, E58, G12, G14)

by Michael J. Fleming, Warren B. Hrung, and Frank M. Keane426
(Jan 2010)
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The Measurement of Rent Inflation (JEL E31, R31)

by Jonathan McCarthy and Richard W. Peach425
(Jan 2010)
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Policy Perspectives on OTC Derivatives Market Infrastructure

by Darrell Duffie, Ada Li, and Theo Lubke424
(Jan 2010)
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The Federal Reserve's Commercial Paper Funding Facility (JEL E44, E58, G18)

by Tobias Adrian, Karin Kimbrough, and Dina Marchioni423
(Jan 2010)
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 Full text

Financial Intermediation, Asset Prices, and Macroeconomic Dynamics (JEL G10, G12)

by Tobias Adrian, Emanuel Moench, and Hyun Song Shin422
(Jan 2010)
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Monetary Cycles, Financial Cycles, and the Business Cycle (JEL E44, E50, E52, G18)

by Tobias Adrian, Arturo Estrella, and Hyun Song Shin421
(Jan 2010)
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2009

Real Time Underlying Inflation Gauges for Monetary Policymakers

by Marlene Amstad and Simon Potter420
(Dec 2009)
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Estimating the Cross-Sectional Distribution of Price Stickiness from Aggregate Data

by Carlos Carvalho and Niels Arne Dam419
(Dec 2009)
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The Homeownership Gap

by Andrew Haughwout, Richard Peach, and Joseph Tracy418
(Dec 2009)
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 Full text

Second Chances: Subprime Mortgage Modificationand Re-Default (JEL G21, R31)

by Andrew Haughwout, Ebiere Okah, and Joseph Tracy417
(Dec 2009)
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The Mechanics of a Graceful Exit: Interest on Reservesand Segmentation in the Federal Funds Market (JEL E4, E58, G21, G28)

by Morten L. Bech and Elizabeth Klee416
(Dec 2009)
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Measuring Consumer Uncertainty about Future Inflation (JEL C81, D12, E52)

by Wandi Bruine de Bruin, Charles F. Manski, Giorgio Topa, and Wilbert van der Klaauw415
(Dec 2009)
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The Microstructure of the TIPS Market (JEL G14)

by Michael J. Fleming and Neel Krishnan414
(Dec 2009)
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 Full text

Valuing the Treasury's Capital Assistance Program (JEL G01, G13, G21, G28)

by Paul Glasserman and Zhenyu Wang413
(Dec 2009)
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Dynamic Hierarchical Factor Models

by Emanuel Moench, Serena Ng, and Simon Potter412
(Dec 2009)
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Investment Shocks and the Relative Price of Investment (JEL C11, E22, E32)

by Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti411
(Dec 2009)
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Real-Time Search in the Laboratory and the Market (JEL C91, J64)

by Meta Brown, Christopher J. Flinn, and Andrew Schotter410
(Dec 2009)
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Macroprudential Supervision of Financial Institutions: Lessons from the SCAP (JEL G20, G21, G28)

by Beverly Hirtle, Til Schuermann, and Kevin Stiroh409
(Nov 2009)
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Implications of the Financial Crisis for Potential Growth: Past, Present, and Future

by Charles Steindel408
(Nov 2009)
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How Rigid Are Producer Prices?

by Pinelopi Koujianou Goldberg and Rebecca Hellerstein407
(Nov 2009)
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Broker-Dealer Risk Appetite and Commodity Returns

by Erkko Etula406
(Nov 2009)
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Micro, Macro, and Strategic Forces in InternationalTrade Invoicing (JEL F3, F4)

by Linda S. Goldberg and Cédric Tille405
(Nov 2009)
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Conventional and Unconventional Monetary Policy

by Vasco Cúrdia and Michael Woodford404
(Nov 2009)
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A Bayesian Approach to Estimating Tax and Spending Multipliers

by Matthew Denes and Gauti B. Eggertsson403
(Nov 2009)
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What Fiscal Policy Is Effective at Zero Interest Rates?

by Gauti B. Eggertsson402
(Nov 2009)
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Do Colleges and Universities Increase Their Region's Human Capital?

by Jaison R. Abel and Richard Deitz401
(Oct 2009)
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The Determinants of International Flows of U.S. Currency (JEL F24, F3, F31, F4, O17)

by Rebecca Hellerstein and William Ryan400
(Oct 2009)
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Labor Supply Heterogeneity and Macroeconomic Comovement (JEL E13, E24, E32)

by Stefano Eusepi and Bruce Preston399
(Oct 2009)
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Financial Intermediaries and Monetary Economics (JEL E00, E02, G28)

by Tobias Adrian and Hyun Song Shin398
(Oct 2009)
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Monetary Tightening Cycles and the Predictabilityof Economic Activity (JEL E44, E52, G17)

by Tobias Adrian and Arturo Estrella397
(Oct 2009)
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Prices and Quantities in the Monetary Policy Transmission Mechanism (JEL E02, E52, E59)

by Tobias Adrian and Hyun Song Shin396
(Oct 2009)
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Are Market Makers Uninformed and Passive? Signing Trades in the Absence of Quotes (JEL G10, G12, G14, G19)

by Michel van der Wel, Albert J. Menkveld, and Asani Sarkar395
(Sep 2009)
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The Dynamics of Automobile Expenditures

by Adam Copeland394
(Sep 2009)
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Capital Constraints, Counterparty Risk, and Deviationsfrom Covered Interest Rate Parity

by Niall Coffey, Warren B. Hrung, and Asani Sarkar393
(Sep 2009)
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Labor Market Pooling and Occupational Agglomeration

by Todd M. Gabe and Jaison R. Abel392
(Sep 2009)
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Price-Increasing Competition: The Curious Case of Overdraft versus Deferred Deposit Credit

by Brian T. Melzer and Donald P. Morgan391
(Sep 2009)
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Bank Capital and Value in the Cross Section

by Hamid Mehran and Anjan Thakor390
(Sep 2009)
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Liquidity Risk, Credit Risk, and the Federal Reserve's Responses to the Crisis

by Asani Sarkar389
(Sep 2009)
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Real-Time Inflation Forecasting in a Changing World

by Jan J. J. Groen, Richard Paap, and Francesco Ravazzolo388
(Aug 2009)
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Commodity Prices, Commodity Currencies,and Global Economic Developments

by Jan J. J. Groen and Paolo A. Pesenti387
(Aug 2009)
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 Full text

Parsimonious Estimation with Many Instruments

by Jan J. J. Groen and George Kapetanios386
(Aug 2009)
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Credit Spreads and Monetary Policy

by Vasco Cúrdia and Michael Woodford385
(Aug 2009)
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 Full text

Prestigious Stock Exchanges: A Network Analysisof International Financial Centers (JEL F39, G15, G19)

by Nicola Cetorelli and Stavros Peristiani384
(Aug 2009)
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 Full text

Gender and the Availability of Credit to Privately Held Firms: Evidence from the Surveys of Small Business Finances (JEL G2, G21, G32, J15, J16, L11, L26)

by Rebel A. Cole and Hamid Mehran383
(Aug 2009)
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The Shadow Banking System: Implications for Financial Regulation (JEL G18, G28, K20)

by Tobias Adrian and Hyun Song Shin382
(Jul 2009)
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The Microstructure of a U.S. Treasury ECN:The BrokerTec Platform (JEL C32, D4, G12, G14)

by Michael J. Fleming and Bruce Mizrach381
(Jul 2009)
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Why Are Banks Holding So Many Excess Reserves? (JEL E51, E58, G21)

by Todd Keister and James McAndrews380
(Jul 2009)
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Do Vouchers Lead to Sorting under Random Private-School Selection? Evidence from the Milwaukee Voucher Program (JEL H0, I21, I28)

by Rajashri Chakrabarti379
(Jul 2009)
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How Do College Students Form Expectations? (JEL D8, I2, J1, J7)

by Basit Zafar378
(Jul 2009)
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Globalized Banks: Lending to Emerging Markets in the Crisis (JEL E44, F36, G32)

by Nicola Cetorelli and Linda S. Goldberg377
(Jun 2009)
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Financial Visibility and the Decision to Go Private (JEL G00, G30)

by Hamid Mehran and Stavros Peristiani376
(Jun 2009)
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Credit Quantity and Credit Quality: Bank Competitionand Capital Accumulation (JEL G1, G2, L1, L2, O1, O4)

by Nicola Cetorelli and Pietro F. Peretto375
(Jun 2009)
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The Persistent Effects of a False News Shock (JEL G10, G14)

by Carlos Carvalho, Nicholas Klagge, and Emanuel Moench374
(May 2009)
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Barriers to Household Risk Management:Evidence from India (JEL D14, D81, G11, G22)

by Shawn Cole, Xavier Giné, Jeremy Tobacman, Petia Topalova, Robert Townsend, and James Vickery373
(May 2009)
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Credit Default Swap Auctions (JEL G10, G13, G33)

by Jean Helwege, Samuel Maurer, Asani Sarkar, and Yuan Wang372
(May 2009)
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Bank Liquidity, Interbank Markets, and Monetary Policy (JEL E43, E52, E58, G21)

by Xavier Freixas, Antoine Martin, and David Skeie371
(May 2009)
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Precautionary Reserves and the Interbank Market (JEL D53, E40, G10, G21)

by Adam Ashcraft, James McAndrews, and David Skeie370
(May 2009)
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 Full text

The Impact of Tax Law Changes on Bank Dividend Policy, Sell-offs, Organizational Form, and Industry Structure (JEL A12, G20, H25, K34)

by Hamid Mehran and Michael Suher369
(Apr 2009)
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Subprime Mortgage Pricing: The Impact of Race, Ethnicity, and Gender on the Cost of Borrowing (JEL D40, G21)

by Andrew Haughwout, Christopher Mayer, and Joseph Tracy368
(Apr 2009)
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CONDI: A Cost-of-Nominal-Distortions Index (JEL E31, E52, E58)

by Stefano Eusepi, Bart Hobijn, and Andrea Tambalotti367
(Mar 2009)
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Credit Market Competition and the Nature of Firms (JEL G20, L20)

by Nicola Cetorelli366
(Mar 2009)
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An Experimental Investigation of Why Individuals Conform

by Basit Zafar365
(Feb 2009)
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College Major Choice and the Gender Gap

by Basit Zafar364
(Feb 2009)
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Model Selection Criteria for Factor-Augmented Regressions (JEL C22, C52, E37)

by Jan J. J. Groen and George Kapetanios363
(Feb 2009)
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The Term Structure of Inflation Expectations (JEL G10, G12)

by Tobias Adrian and Hao Wu362
(Feb 2009)
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Global Liquidity and Exchange Rates (JEL F30, F31, G12, G24)

by Tobias Adrian, Erkko Etula, and Hyun Song Shin361
(Jan 2009)
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 Full text

Money, Liquidity, and Monetary Policy (JEL E50, G24)

by Tobias Adrian and Hyun Song Shin360
(Jan 2009)
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 Full text

2008

Rethinking the Measurement of Household Inflation Expectations: Preliminary Findings (JEL C81, E31, E60, E66)

by Wilbert van der Klaauw, Wändi Bruine de Bruin, Giorgio Topa, Simon Potter, and Michael Bryan359
(Dec 2008)
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 Full text

Seismic Effects of the Bankruptcy Reform (JEL G21, G33, K35)

by Donald P. Morgan, Benjamin Iverson, and Matthew Botsch358
(Nov 2008)
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 Full text

The Federal Home Loan Bank System:The Lender of Next-to-Last Resort? (JEL E40, E59, G21, G28)

by Adam B. Ashcraft, Morten L. Bech, and W. Scott Frame357
(Nov 2008)
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Which Bank Is the "Central" Bank?An Application of Markov Theory to the CanadianLarge Value Transfer System (JEL C11, E50, G20)

by Morten L. Bech356
(Nov 2008)
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Imperfectly Credible Disinflation under EndogenousTime-Dependent Pricing (JEL E31, E52)

by Marco Bonomo and Carlos Carvalho355
(Nov 2008)
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The Topology of the Federal Funds Market (JEL E40, E58, E59, G10)

by Morten L. Bech and Enghin Atalay354
(Nov 2008)
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Systemic Risk and Liquidity in Payment Systems (JEL D85, E44, E58, G21)

by Gara M. Afonso and Hyun Song Shin352
(Oct 2008)
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The Case for TIPS: An Examination of the Costsand Benefits (JEL E6, G10, H63)

by Jennifer Roush, William Dudley, and Michelle Steinberg Ezer353
(Oct 2008)
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Aggregation and the PPP Puzzle in a Sticky-Price Model (JEL E00, F30, F41)

by Carlos Carvalho and Fernanda Nechio351
(Oct 2008)
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Housing Busts and Household Mobility (JEL R21, R23, R51)

by Fernando Ferreira, Joseph Gyourko, and Joseph Tracy350
(Oct 2008)
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Liquidity and Congestion (JEL D40, G12)

by Gara M. Afonso349
(Oct 2008)
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 Full text

CoVaR (JEL G10, G18, G20)

by Tobias Adrian and Markus K. Brunnermeier348
(Sep 2008)
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 Full text

ESOP Fables: The Impact of Employee Stock Ownership Plans on Labor Disputes (JEL C78, D82, J52)

by Peter Cramton, Hamid Mehran, and Joseph Tracy347
(Sep 2008)
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 Full text

Financial Intermediaries, Financial Stability,and Monetary Policy (JEL E50, G20)

by Tobias Adrian and Hyun Song Shin346
(Sep 2008)
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 Full text

What Drives Housing Prices? (JEL E22, E32, O41, O51)

by James A. Kahn345
(Sep 2008)
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Stabilizing Expectations under Monetary and FiscalPolicy Coordination (JEL D83, D84, E52)

by Stefano Eusepi and Bruce Preston343
(Sep 2008)
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 Full text

Have Amenities Become Relatively More Important Than Firm Productivity Advantages in Metropolitan Areas? (JEL R23, R30)

by Richard Deitz and Jaison R. Abel344
(Sep 2008)
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Central Bank Transparency and Nonlinear Learning Dynamics (JEL D83, D84, E52, E58)

by Stefano Eusepi342
(Sep 2008)
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Pricing the Term Structure with Linear Regressions (JEL G10, G12)

by Tobias Adrian and Emanuel Moench340
(Aug 2008)
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 Full text

Juvenile Delinquent Mortgages: Bad Credit or Bad Economy? (JEL G21, R21)

by Andrew Haughwout, Richard Peach, and Joseph Tracy341
(Aug 2008)
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The Advantage of Flexible Targeting Rules (JEL E61, E63)

by Andrea Ferrero339
(Jul 2008)
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Financial Intermediary Leverage and Value-at-Risk (JEL D02, G20, G32)

by Tobias Adrian and Hyun Song Shin338
(Jul 2008)
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 Full text

Should There Be Intraday Money Markets? (JEL E44, E58)

by Antoine Martin and James McAndrews337
(Jul 2008)
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 Full text

A Study of Competing Designs for a Liquidity-Saving Mechanism (JEL E42, E58, G21)

by Antoine Martin and James McAndrews336
(Jul 2008)
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Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels (JEL E20, E32)

by Steven J. Davis and James A. Kahn334
(Jul 2008)
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The Effect of the Term Auction Facilityon the London Inter-Bank Offered Rate (JEL G10, G12, G18, G19)

by James McAndrews, Asani Sarkar, and Zhenyu Wang335
(Jul 2008)
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 Full text

Banking Globalization, Monetary Transmission,and the Lending Channel

by Nicola Cetorelli and Linda S. Goldberg333
(Jul 2008)
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Human Capital and Economic Activity in Urban America (JEL J24, O40, R11)

by Jaison R. Abel and Todd M. Gabe332
(Jul 2008)
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The Welfare Effects of a Liquidity-Saving Mechanism (JEL E42, E58, G21)

by Enghin Atalay, Antoine Martin, and James McAndrews331
(Jun 2008)
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Corporate Performance, Board Structure, and Their Determinants in the Banking Industry (JEL G21, G34, J41, L22)

by Renée B. Adams and Hamid Mehran330
(Jun 2008)
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Inflation Dynamics in a Small Open-Economy Model under Inflation Targeting: Some Evidence from Chile (JEL C11, C32, E52, F41)

by Marco Del Negro and Frank Schorfheide329
(Jun 2008)
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Liquidity and Leverage (JEL E32, E44, G10, G20)

by Tobias Adrian and Hyun Song Shin328
(May 2008)
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Dynamic Factor Models with Time-Varying Parameters: Measuring Changes in International Business Cycles (JEL C11, C32, F02)

by Marco Del Negro and Christopher Otrok326
(May 2008)
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Revisiting Useful Approaches to Data-Rich Macroeconomic Forecasting (JEL C22, C53, E37, E47)

by Jan J. J. Groen and George Kapetanios327
(May 2008)
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Durable Goods Inventories and the Great Moderation (JEL D21, E20, N12)

by James A. Kahn325
(May 2008)
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Globalization and Inflation Dynamics: The Impact of Increased Competition (JEL E31)

by Argia M. Sbordone324
(Apr 2008)
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Optimal Monetary Policy under Sudden Stops (JEL E52, F30, F41)

by Vasco Cúrdia323
(Apr 2008)
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 Full text

Monetary Policy Analysis with Potentially Misspecified Models (JEL C32)

by Marco Del Negro and Frank Schorfheide321
(Mar 2008)
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 Full text

Understanding the Securitization of SubprimeMortgage Credit (JEL G24, G28)

by Adam B. Ashcraft and Til Schuermann318
(Mar 2008)
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Investment Shocks and Business Cycles (JEL C11, E22, E30)

by Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti322
(Mar 2008)
 Abstract
 Full text

Forming Priors for DSGE Models (and How It Affectsthe Assessment of Nominal Rigidities) (JEL C32, E30)

by Marco Del Negro and Frank Schorfheide320
(Mar 2008)
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 Full text

Settlement Delays in the Money Market (JEL C78, G21, L14)

by Leonardo Bartolini, Spence Hilton, and James McAndrews319
(Mar 2008)
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Macroeconomic Interdependence and the International Role of the Dollar (JEL F41, F42)

by Linda Goldberg and Cédric Tille316
(Feb 2008)
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Forecasting Economic and Financial Variableswith Global VARs (JEL C32, C51, C53)

by M. Hashem Pesaran, Til Schuermann, and L. Vanessa Smith317
(Feb 2008)
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Impact of Voucher Design on Public School Performance: Evidence from Florida and Milwaukee Voucher Programs (JEL H40, I21, I28)

by Rajashri Chakrabarti315
(Jan 2008)
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What Can We Learn from Privately Held Firms about Executive Compensation? (JEL G32, H24, H25, J33)

by Rebel A. Cole and Hamid Mehran314
(Jan 2008)
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 Full text

Investment Principles and Practices of the Federal Reserve's Domestic Securities Portfolio (JEL E52, E58)

by Jerry H. Tempelman313
(Jan 2008)
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Run Equilibria in a Model of Financial Intermediation (JEL D82, D84, G21)

by Huberto M. Ennis and Todd Keister312
(Jan 2008)
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2007

Is There Still an Added-Worker Effect? (JEL C1, E2, J0)

by Chinhui Juhn and Simon Potter310
(Dec 2007)
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The Effect of Employee Stock Options on Bank Investment Choice, Borrowing, and Capital (JEL G21, G28, G32, J33, M41)

by Hamid Mehran and Joshua Rosenberg305
(Oct 2007)
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Buybacks in Treasury Cash and Debt Management (JEL G2, H6)

by Kenneth D. Garbade and Matthew Rutherford304
(Oct 2007)
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The Microstructure of Cross-Autocorrelations (JEL G10, G14)

by Tarun Chordia, Asani Sarkar, and Avanidhar Subrahmanyam303
(Sep 2007)
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Patterns of Rainfall Insurance Participation in Rural India (JEL G2, G22, O10, O16)

by Xavier Giné, Robert Townsend, and James Vickery302
(Sep 2007)
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 Full text

Can Increasing Private School Participation and Monetary Loss in a Voucher Program Affect Public School Performance? Evidence from Milwaukee (JEL H4, I21, I28)

by Rajashri Chakrabarti300
(Sep 2007)
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How Do Treasury Dealers Manage Their Positions? (JEL G12, G20, G24)

by Michael J. Fleming and Joshua V. Rosenberg299
(Aug 2007)
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 Full text

Job-Finding and Separation Rates in the OECD (JEL C78, D21, E24, J6, L26)

by Bart Hobijn and Aysegül Sahin298
(Aug 2007)
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Vesting and Control in Venture Capital Contracts (JEL D23, G24, G32, J33, M52)

by David R. Skeie297
(Aug 2007)
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The Long-Run Determinants of U.S. External Imbalances (JEL F21, F32, F41)

by Andrea Ferrero295
(Jul 2007)
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Monetary Regime Change and Business Cycles (JEL C1, C5, E5, F4)

by Vasco Cúrdia and Daria Finocchiaro294
(Jul 2007)
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Public Disclosure, Risk, and Performance at Bank Holding Companies

by Beverly Hirtle293
(Jul 2007)
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Market Sidedness: Insights into Motives for Trade Initiation (JEL G10, G14, G34)

by Asani Sarkar and Robert A. Schwartz292
(Jul 2007)
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Hedge Funds, Financial Intermediation, and Systemic Risk (JEL G12, G21)

by John Kambhu, Til Schuermann, and Kevin J. Stiroh291
(Jul 2007)
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Has the Credit Derivative Swap MarketLowered the Cost of Corporate Debt? (JEL G24, G32)

by Adam B. Ashcraft and Joăo A. C. Santos290
(Jul 2007)
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Extracting Business Cycle Fluctuations:What Do Time Series Filters Really Do? (JEL C22, E32)

by Arturo Estrella289
(Jun 2007)
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 Full text

Generalized Canonical Regression (JEL C22, C51)

by Arturo Estrella288
(Jun 2007)
 Abstract
 Full text

A Framework for Identifying the Sources of Local Currency Price Stability with an Empirical Application (JEL E30, F10, F30, L10)

by Pinelopi K. Goldberg and Rebecca Hellerstein287
(Jun 2007)
 Abstract
 Full text

Inflation Persistence: Alternative Interpretations and Policy Implications (JEL E31, E52)

by Argia M. Sbordone286
(May 2007)
 Abstract
 Full text

A Flexible Approach to Parametric Inference in Nonlinear Time Series Models (JEL C11, C22, E17)

by Gary Koop and Simon Potter285
(May 2007)
 Abstract
 Full text

Reserve Levels and Intraday Federal Funds Rate Behavior (JEL E5, G21)

by Spence Hilton and Warren B. Hrung284
(May 2007)
 Abstract
 Full text

Why Are Switzerland's Foreign Assets so Low? The Growing Financial Exposure of a Small Open Economy (JEL F32, F33, F36)

by Nicolas Stoffels and Cédric Tille283
(Apr 2007)
 Abstract
 Full text

Liquidity-Saving Mechanisms (JEL E42, E58, G21)

by Antoine Martin and James McAndrews282
(Apr 2007)
 Abstract
 Full text

Why Does Overnight Liquidity Cost More Than Intraday Liquidity? (JEL E31, E51, E58)

by Joydeep Bhattacharya, Joseph H. Haslag, and Antoine Martin281
(Apr 2007)
 Abstract
 Full text

International Capital Flows (JEL F32, F36, F41)

by Cédric Tille and Eric van Wincoop280
(Mar 2007)
 Abstract
 Full text

The Bankruptcy Abuse Prevention and Consumer Protection Act: Means-Testing or Mean Spirited? (JEL G33, K35)

by Adam B. Ashcraft, Astrid A. Dick, and Donald P. Morgan279
(Mar 2007)
 Abstract
 Full text

Monetary Policy under Sudden Stops (JEL E5, F3, F4)

by Vasco Cúrdia278
(Mar 2007)
 Abstract
 Full text

A Retrospective Look at the U.S. Productivity Growth Resurgence (JEL O3, O4)

by Dale W. Jorgenson, Mun S. Ho, and Kevin J. Stiroh277
(Feb 2007)
 Abstract
 Full text

Credit Derivatives and Bank Credit Supply (JEL G21, G32)

by Beverly Hirtle276
(Feb 2007)
 Abstract
 Full text

How Wages Change: Micro Evidence from the International Wage Flexibility Project (JEL E3, J3, J5)

by William T. Dickens, Lorenz Goette, Erica L. Groshen, Steinar Holden, Julian Messina, and Mark E. Schweitzer275
(Feb 2007)
 Abstract
 Full text

Commitment and Equilibrium Bank Runs (JEL E61, G21, G28)

by Huberto M. Ennis and Todd Keister274
(Jan 2007)
 Abstract
 Full text

Defining and Detecting Predatory Lending (JEL D14, D18, D82, G18, G21)

by Donald P. Morgan273
(Jan 2007)
 Abstract
 Full text

Personal Bankruptcy and Credit Market Competition (JEL G2, K3, L1)

by Astrid Dick and Andreas Lehnert272
(Jan 2007)
 Abstract
 Full text

2006

Trend Inflation and Inflation Persistence in the New Keynesian Phillips Curve (JEL E31)

by Timothy Cogley and Argia M. Sbordone270
(Dec 2006)
 Abstract
 Full text

Borrowing without Debt? Understanding the U.S. International Investment Position (JEL F32, F34, F36, F41)

by Matthew Higgins, Thomas Klitgaard, and Cédric Tille271
(Dec 2006)
 Abstract
 Full text

Disagreement and Learning in a Dynamic Contracting Model (JEL D0, D8, G0)

by Tobias Adrian and Mark M. Westerfield269
(Dec 2006)
 Abstract
 Full text

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis (JEL E66, F32, F47)

by Hamid Faruqee, Douglas Laxton, Dirk Muir, and Paolo Pesenti268
(Dec 2006)
 Abstract
 Full text

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis (JEL E17, E52, F41)

by Douglas Laxton, PapaDiaye, and Paolo Pesenti267
(Dec 2006)
 Abstract
 Full text

Y2K Options and the Liquidity Premium in TreasuryBond Markets (JEL G1, G13, G18)

by Suresh Sundaresan and Zhenyu Wang266
(Nov 2006)
 Abstract
 Full text

Empirical Evaluation of Asset Pricing Models:Arbitrage and Pricing Errors over Contingent Claims (JEL G1, G12)

by Zhenyu Wang and Xiaoyan Zhang265
(Oct 2006)
 Abstract
 Full text

Was the New Deal Contractionary? (JEL E52, E62, E65, N12)

by Gauti B. Eggertsson264
(Oct 2006)
 Abstract
 Full text

Payment Networks in a Search Model of Money (JEL E59, G29, L14)

by Antoine Martin, Michael Orlando, and David Skeie263
(Oct 2006)
 Abstract
 Full text

Price Discovery in the Foreign Currency Futuresand Spot Market (JEL F31, G13, G15)

by Joshua V. Rosenberg and Leah G. Traub262
(Oct 2006)
 Abstract
 Full text

Pass-Through of Exchange Rates to Consumption Prices: What Has Changed and Why (JEL F3, F4)

by José Manuel Campa and Linda S. Goldberg261
(Sep 2006)
 Abstract
 Full text

Technology Diffusion within Central Banking: The Case of Real-Time Gross Settlement (JEL C72, E58, O19)

by Morten L. Bech and Bart Hobijn260
(Sep 2006)
 Abstract
 Full text

Congestion and Cascades in Payment Systems (JEL C50, G20)

by Walter E. Beyeler, Robert J. Glass, Morten Bech, and Kimmo Soramäki259
(Sep 2006)
 Abstract
 Full text

Endogenous Productivity and Development Accounting (JEL F43, O11, O33, O41)

by Roc Armenter and Amartya Lahiri258
(Aug 2006)
 Abstract
 Full text

On the Market Discipline of Informationally Opaque Firms:Evidence from Bank Borrowers in the Federal Funds Market (JEL G14, G18, G21)

by Adam Ashcraft and Hoyt Bleakley257
(Aug 2006)
 Abstract
 Full text

U.S. Wage and Price Dynamics: A Limited Information Approach (JEL C32, C52, E32)

by Argia M. Sbordone256
(Aug 2006)
 Abstract
 Full text

The Internationalization of the Dollar and Trade Balance Adjustment (JEL F3, F4)

by Linda Goldberg and Cédric Tille255
(Aug 2006)
 Abstract
 Full text

Stock Returns and Volatility: Pricing the Short-Run and Long-Run Components of Market Risk (JEL G10, G12)

by Tobias Adrian and Joshua Rosenberg254
(Jul 2006)
 Abstract
 Full text

The Relationship between Expected Inflation, Disagreement, and Uncertainty: Evidence from Matched Point and Density Forecasts (JEL C12, C22, E37)

by Robert Rich and Joseph Tracy253
(Jul 2006)
 Abstract
 Full text

Visible and Hidden Risk Factors for Banks (JEL G12, G21)

by Til Schuermann and Kevin J. Stiroh252
(May 2006)
 Abstract
 Full text

Arm's-Length Transactions as a Source of Incomplete Cross-Border Transmission: The Case of Autos (JEL F1, F3, F4)

by Rebecca Hellerstein and Sofia Berto Villas-Boas251
(Apr 2006)
 Abstract
 Full text

A Decomposition of the Sources of Incomplete Cross-Border Transmission (JEL F14, F3, F4)

by Rebecca Hellerstein250
(Apr 2006)
 Abstract
 Full text

Expectations and Contagion in Self-Fulfilling Currency Attacks (JEL D82, F31, G15)

by Todd Keister249
(Apr 2006)
 Abstract
 Full text

Three Decades of Financial Sector Risk (JEL F3, F4)

by Joel F. Houston and Kevin J. Stiroh248
(Apr 2006)
 Abstract
 Full text

Distribution Margins, Imported Inputs, and the Sensitivity of the CPI to Exchange Rates (JEL F3, F4)

by José Manuel Campa and Linda S. Goldberg247
(Apr 2006)
 Abstract
 Full text

Two-Sided Markets and Intertemporal Trade Clustering: Insights into Trading Motives (JEL G10, G14)

by Asani Sarkar and Robert A. Schwartz246
(Apr 2006)
 Abstract
 Full text

Volatility Accounting: A Production Perspective on Increased Economic Stability (JEL E32, O4)

by Kevin J. Stiroh245
(Apr 2006)
 Abstract
 Full text

Does the Market Discipline Banks? New Evidence from the Regulatory Capital Mix (JEL G21, G28, G32, G38)

by Adam B. Ashcraft244
(Mar 2006)
 Abstract
 Full text

The Topology of Interbank Payment Flows (JEL E58, E59, G1)

by Kimmo Soramäki, Morten L. Bech, Jeffrey Arnold, Robert J. Glass, and Walter E. Beyeler243
(Mar 2006)
 Abstract
 Full text

Money and Modern Banking without Bank Runs (JEL E42, G21, G28)

by David R. Skeie242
(Mar 2006)
 Abstract
 Full text

Fiscal Multipliers and Policy Coordination (JEL E52, E63)

by Gauti B. Eggertsson241
(Mar 2006)
 Abstract
 Full text

Risks in U.S. Bank International Exposures (JEL F3, G2)

by Nicola Cetorelli and Linda Goldberg240
(Mar 2006)
 Abstract
 Full text

Illiquidity in the Interbank Payment System following Wide-Scale Disruptions (JEL C72, E58)

by Morten L. Bech and Rod Garratt239
(Mar 2006)
 Abstract
 Full text

Turbulent Firms, Turbulent Wages? (JEL J3, J5)

by Diego Comin, Erica L. Groshen, and Bess Rabin238
(Feb 2006)
 Abstract
 Full text

Could Capital Gains Smooth a Current Account Rebalancing? (JEL F31, F32, F41)

by Michele Cavallo and Cédric Tille237
(Jan 2006)
 Abstract
 Full text

2005

A Review of Core Inflation and an Evaluationof Its Measures (JEL C53, E31, E52)

by Robert Rich and Charles Steindel236
(Dec 2005)
 Abstract
 Full text

Optimal Monetary and Fiscal Policy under Discretionin the New Keynesian Model: A Technical Appendix to "Great Expectations and the End of the Depression" (JEL E52, E63)

by Gauti B. Eggertsson235
(Dec 2005)
 Abstract
 Full text

Great Expectations and the End of the Depression (JEL E52, E63)

by Gauti B. Eggertsson234
(Dec 2005)
 Abstract
 Full text

The Return to Retail and the Performance of U.S. Banks (JEL G21, G32, L21)

by Beverly J. Hirtle and Kevin J. Stiroh233
(Dec 2005)
 Abstract
 Full text

One-Sided Test for an Unknown Breakpoint: Theory, Computation, and Application to Monetary Theory (JEL C12, C22, E52)

by Arturo Estrella and Anthony P. Rodrigues232
(Nov 2005)
 Abstract
 Full text

Establishing Credibility: Evolving Perceptions ofthe European Central Bank (JEL E5, E6, F3)

by Linda S. Goldberg and Michael W. Klein231
(Nov 2005)
 Abstract
 Full text

Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse Than You Think? (JEL E33, E61, F41)

by Roc Armenter and Martin Bodenstein230
(Nov 2005)
 Abstract
 Full text

Can U.S. Monetary Policy Fall (Again) into an Expectation Trap? (JEL E31, E52, E58)

by Roc Armenter and Martin Bodenstein229
(Nov 2005)
 Abstract
 Full text

Time-Varying Pass-Through from Import Prices to Consumer Prices: Evidence from an Event Study with Real-Time Data (JEL E52, E58)

by Marlene Amstad and Andreas M. Fischer228
(Nov 2005)
 Abstract
 Full text

Money Market Integration (JEL E43, E44, E52)

by Leonardo Bartolini, Spence Hilton, and Alessandro Prati227
(Oct 2005)
 Abstract
 Full text

Financial Integration and the Wealth Effect of Exchange Rate Fluctuations (JEL F31, F41, F42)

by Cédric Tille226
(Oct 2005)
 Abstract
 Full text

Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation (JEL E52, E58, H21)

by Joseph H. Haslag and Antoine Martin225
(Oct 2005)
 Abstract
 Full text

The Tobin Effect and the Friedman Rule (JEL E31, E51, E58)

by Joydeep Bhattacharya, Joseph Haslag, and Antoine Martin224
(Oct 2005)
 Abstract
 Full text

Why Is the U.S. Treasury Contemplating Becoming a Lender of Last Resort for Treasury Securities? (JEL G18, H63)

by Kenneth D. Garbade and John E. Kambhu223
(Oct 2005)
 Abstract
 Full text

Trade Invoicing in the Accession Countries:Are They Suited to the Euro? (JEL F3, F4)

by Linda S. Goldberg222
(Oct 2005)
 Abstract
 Full text

Barriers to Network-Specific Innovation (JEL E59, F29, L14)

by Antoine Martin and Michael J. Orlando221
(Sep 2005)
 Abstract
 Full text

Too Big to Fail after All These Years (JEL G2, G3, N2)

by Donald P. Morgan and Kevin J. Stiroh220
(Sep 2005)
 Abstract
 Full text

Exchange Rate Pass-Through to Import Pricesin the Euro Area (JEL F3, F4)

by José Manuel Campa, Linda S. Goldberg,219
(Sep 2005)
 Abstract
 Full text

Assessing High House Prices: Bubbles, Fundamentals,and Misperceptions (JEL G10, R21, R31)

by Charles Himmelberg, Christopher Mayer, and Todd Sinai218
(Sep 2005)
 Abstract
 Full text

Reconciling Bagehot with the Fed's Response to September 11 (JEL E4, E5, G2)

by Antoine Martin217
(Aug 2005)
 Abstract
 Full text

Arbitrage Pricing Theory (JEL G12)

by Gur Huberman and Zhenyu Wang216
(Aug 2005)
 Abstract
 Full text

How and Why Do Small Firms Manage Interest Rate Risk?Evidence from Commercial Loans (JEL G21, G30)

by James Vickery215
(Aug 2005)
 Abstract
 Full text

The Cost of Business Cycles for Unskilled Workers (JEL E24, E32, E61)

by Toshihiko Mukoyama and Aysegül Sahin214
(Jul 2005)
 Abstract
 Full text

Selection Bias, Demographic Effects, and Ability Effectsin Common Value Auction Experiments (JEL C24, C9, D44, J16)

by Marco Casari, John C. Ham, and John H. Kagel213
(Jun 2005)
 Abstract
 Full text

Propensity Score Matching, a Distance-Based Measureof Migration, and the Wage Growth of Young Men (JEL C4, J3, J6)

by John C. Ham, Xianghong Li, and Patricia B. Reagan212
(Jun 2005)
 Abstract
 Full text

The Impact of Network Size on Bank Branch Performance (JEL G21, G28, L11, L89)

by Beverly Hirtle211
(Jun 2005)
 Abstract
 Full text

Banking, Markets, and Efficiency (JEL E44, G10, G21)

by Falko Fecht and Antoine Martin210
(Jun 2005)
 Abstract
 Full text

The Simple Geometry of Transmission and Stabilizationin Closed and Open Economies (JEL E31, E52, F42)

by Giancarlo Corsetti and Paolo Pesenti209
(May 2005)
 Abstract
 Full text

Who Is Afraid of the Friedman Rule? (JEL E31, E51, E58)

by Joydeep Bhattacharya, Joseph Haslag, Antoine Martin, and Rajesh Singh208
(May 2005)
 Abstract
 Full text

The Joint Dynamics of Liquidity, Returns, and Volatility across Small and Large Firms (JEL G10, G14)

by Tarun Chordia, Asani Sarkar, and Avanidhar Subrahmanyam207
(Apr 2005)
 Abstract
 Full text

Shock Identification of Macroeconomic ForecastsBased on Daily Panels (JEL E37, E52, E58)

by Marlene Amstad and Andreas M. Fischer206
(Apr 2005)
 Abstract
 Full text

The Politics of Central Bank Independence: A Theory of Pandering and Learning in Government (JEL E58, E61, H11, J45)

by Gauti Eggertsson and Eric Le Borgne205
(Mar 2005)
 Abstract
 Full text

Do Expected Future Marginal Costs Drive Inflation Dynamics? (JEL E31, E32)

by Argia M. Sbordone204
(Mar 2005)
 Abstract
 Full text

A Search for a Structural Phillips Curve (JEL E31)

by Timothy Cogley and Argia M. Sbordone203
(Mar 2005)
 Abstract
 Full text

Reexamining the Consumption-Wealth Relationship:The Role of Model Uncertainty (JEL C11, E21)

by Gary Koop, Simon M. Potter, and Rodney W. Strachan202
(Mar 2005)
 Abstract
 Full text

Productivity Spillovers, Terms of Trade, and the "Home Market Effect" (JEL F32, F41)

by Giancarlo Corsetti, Philippe Martin, and Paolo Pesenti201
(Feb 2005)
 Abstract
 Full text

Vehicle Currency Use in International Trade (JEL F3, F4)

by Linda S. Goldberg and Cédric Tille200
(Jan 2005)
 Abstract
 Full text

Central Bank Transparency under Model Uncertainty (JEL E31, E52, E63)

by Stefano Eusepi199
(Jan 2005)
 Abstract
 Full text

Comparing Forecast-Based and Backward-Looking Taylor Rules: A "Global" Analysis (JEL D83, E32, E52, E58)

by Stefano Eusepi198
(Jan 2005)
 Abstract
 Full text

2004

Prior Elicitation in Multiple Change-Point Models (JEL C11, C22, E17)

by Gary M. Koop and Simon M. Potter197
(Dec 2004)
 Abstract
 Full text

Forecasting and Estimating Multiple Change-Point Models with an Unknown Number of Change Points (JEL C11, C22, E17)

by Gary M. Koop and Simon M. Potter196
(Dec 2004)
 Abstract
 Full text

Menu Costs at Work: Restaurant Prices and the Introduction of the Euro (JEL E31, E63, L89)

by Bart Hobijn, Federico Ravenna, and Andrea Tambalotti195
(Oct 2004)
 Abstract
 Full text

Why Did the Average Duration of Unemployment Become So Much Longer? (JEL E24, J64)

by Aysegül Sahin194
(Sep 2004)
 Abstract
 Full text

Learning about Beta: A New Look at CAPM Tests (JEL C11, G12)

by Tobias Adrian and Francesco Franzoni193
(Sep 2004)
 Abstract
 Full text

The Incentive Effects of Higher Education Subsidies on Student Effort (JEL D64, D82, I21, I28)

by Aysegül Sahin192
(Aug 2004)
 Abstract
 Full text

Why Use Debit Instead of Credit? Consumer Choicein a Trillion-Dollar Market (JEL D14, D91, E41, G29)

by Jonathan Zinman191
(Jul 2004)
 Abstract
 Full text

Estimating Probabilities of Default (JEL C16, G21, G28)

by Til Schuermann and Samuel Hanson190
(Jul 2004)
 Abstract
 Full text

Are Bank Holding Companies a Source of Strength to Their Banking Subsidiaries? (JEL G21, G28, G32)

by Adam B. Ashcraft189
(Jun 2004)
 Abstract
 Full text

The Linkage between Regional Economic Indexes and Tax Bases: Evidence from New York (JEL C32, E32, H71)

by Jason Bram, Andrew Haughwout, James Orr, Robert Rich,188
(Jun 2004)
 Abstract
 Full text

Inference, Arbitrage, and Asset Price Volatility (JEL G10, G12, G14)

by Tobias Adrian187
(May 2004)
 Abstract
 Full text

How Should Suburbs Help Their Central Cities? (JEL H7, R3)

by Andrew F. Haughwout and Robert P. Inman186
(May 2004)
 Abstract
 Full text

A General Approach to Integrated Risk Management with Skewed, Fat-Tailed Risk (JEL C16, G10, G20, G28)

by Joshua V. Rosenberg and Til Schuermann185
(May 2004)
 Abstract
 Full text

Anomalous Bidding in Short-Term Treasury Bill Auctions (JEL G14, H63)

by Michael J. Fleming, Kenneth D. Garbade, and Frank Keane184
(May 2004)
 Abstract
 Full text

Financial-Sector Foreign Direct Investment and Host Countries: New and Old Lessons (JEL F3, F4)

by Linda Goldberg183
(Apr 2004)
 Abstract
 Full text

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment (JEL C51, E31, E52)

by Tamim Bayoumi, Douglas Laxton, and Paolo Pesenti182
(Apr 2004)
 Abstract
 Full text

Time-Varying Consumption Correlation and the Dynamics of the Equity Premium: Evidence from the G-7 Countries (JEL G12, G15)

by Asani Sarkar and Lingjia Zhang181
(Apr 2004)
 Abstract
 Full text

Globalization and the Gains from Variety (JEL F0, F1, F4)

by Christian Broda and David Weinstein180
(Mar 2004)
 Abstract
 Full text

Who Bears the Cost of a Change in the Exchange Rate? The Case of Imported Beer (JEL D40, F14, F3, F4, L16, L60)

by Rebecca Hellerstein179
(Feb 2004)
 Abstract
 Full text

Trading Risk and Volatility in Interest Rate Swap Spreads (JEL G12, G14, G24)

by John Kambhu178
(Feb 2004)
 Abstract
 Full text

Do Stock Price Bubbles Influence Corporate Investment? (JEL D92, E22, G31, G32)

by Simon Gilchrist, Charles P. Himmelberg, and Gur Huberman177
(Feb 2004)
 Abstract
 Full text

2003

Are Banks Really Special? New Evidence from the FDIC-Induced Failure of Healthy Banks (JEL E5, G18, G33)

by Adam B. Ashcraft176
(Dec 2003)
 Abstract
 Full text

Cross-Country Differences in Monetary Policy Execution and Money Market Rates' Volatility (JEL E43, E44, E52)

by Leonardo Bartolini and Alessandro Prati175
(Oct 2003)
 Abstract
 Full text

What Explains the Stock Market's Reaction to Federal Reserve Policy? (JEL E44, G12)

by Ben S. Bernanke and Kenneth N. Kuttner174
(Oct 2003)
 Abstract
 Full text

Inflation Inequality in the United States (JEL C43, D12, D39)

by Bart Hobijn and David Lagakos173
(Oct 2003)
 Abstract
 Full text

Tariffs and the Great Depression Revisited (JEL E3, F4, N1)

by Mario J. Crucini and James Kahn172
(Sep 2003)
 Abstract
 Full text

An Investigation of the Gains from Commitment in Monetary Policy (JEL E52, E58, E61)

by Ernst Schaumburg and Andrea Tambalotti171
(Aug 2003)
 Abstract
 Full text

Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs (JEL G21, G28, G38)

by Beverly Hirtle170
(Jul 2003)
 Abstract
 Full text

Cross-Country Technology Adoption: Making the Theories Face the Facts (JEL N10, O30, O57)

by Diego Comin and Bart Hobijn169
(Jun 2003)
 Abstract
 Full text

Using Home Maintenance and Repairs to Smooth Variable Earnings (JEL D12, E21, R21)

by Joseph Gyourko and Joseph Tracy168
(May 2003)
 Abstract
 Full text

Evaluating the Riskiness of Initial Public Offerings: 1980-2000 (JEL G24, G3)

by Stavros Peristiani167
(May 2003)
 Abstract
 Full text

The Impact of CEO Turnover on Equity Volatility (JEL G14, G34)

by Matthew J. Clayton, Jay C. Hartzell, and Joshua V. Rosenberg166
(May 2003)
 Abstract
 Full text

The Execution of Monetary Policy: A Tale of Two Central Banks (JEL E43, E52, E58)

by Leonardo Bartolini and Alessandro Prati165
(Apr 2003)
 Abstract
 Full text

An Empirical Analysis of Stock and Bond Market Liquidity (JEL E52, G10, G14, G23)

by Tarun Chordia, Asani Sarkar, and Avanidhar Subrahmanyam164
(Mar 2003)
 Abstract
 Full text

Forecasting in Large Macroeconomic Panels Using Bayesian Model Averaging (JEL C11, C53, E37)

by Gary Koop and Simon Potter163
(Mar 2003)
 Abstract
 Full text

Nonparametric Pricing of Multivariate Contingent Claims (JEL C13, G14)

by Joshua V. Rosenberg162
(Mar 2003)
 Abstract
 Full text

Modeling Uncertainty: Predictive Accuracy as a Proxy for Predictive Confidence (JEL C12, C22, E37)

by Robert Rich and Joseph Tracy161
(Feb 2003)
 Abstract
 Full text

Endogenous Deposit Dollarization (JEL F31, G11, G21)

by Christian Broda and Eduardo Levy Yeyati160
(Feb 2003)
 Abstract
 Full text

Tracking the New Economy: Using Growth Theory to Detect Changes in Trend Productivity (JEL C32, O4, O51)

by James A. Kahn and Robert Rich159
(Jan 2003)
 Abstract
 Full text

Fifteen Minutes of Fame? The Market Impact of Internet Stock Picks (JEL G10, G14)

by Peter Antunovich and Asani Sarkar158
(Jan 2003)
 Abstract
 Full text

2002

On Both Sides of the Quality Bias in Price Indexes (JEL C43, D11, D43, L13)

by Bart Hobijn157
(Dec 2002)
 Abstract
 Full text

Inventory Dynamics and Business Cycles: What Has Changed? (JEL D24, E22, E32)

by Jonathan McCarthy and Egon Zakrajšek156
(Dec 2002)
 Abstract
 Full text

The Trade Comovement Problem in International Macroeconomics (JEL F4)

by M. Ayhan Kose and Kei-Mu Yi155
(Dec 2002)
 Abstract
 Full text

Diversification in Banking: Is Noninterest Income the Answer? (JEL G2)

by Kevin J. Stiroh154
(Sep 2002)
 Abstract
 Full text

Borrowers' Financial Constraints and the Transmission of Monetary Policy: Evidence from Financial Conglomerates (JEL E50, E51, G22)

by Adam B. Ashcraft and Murillo Campello153
(Aug 2002)
 Abstract
 Full text

Self-Validating Optimum Currency Areas (JEL E5, F4)

by Giancarlo Corsetti and Paolo Pesenti152
(Aug 2002)
 Abstract
 Full text

Uncertainty, Exchange Rate Regimes, and National Price Levels (JEL E52, F33, F41)

by Christian Broda151
(Aug 2002)
 Abstract
 Full text

Stop-Loss Orders and Price Cascades in Currency Markets (JEL F1, G3)

by C. L. Osler150
(Jul 2002)
 Abstract
 Full text

Exchange Rate Pass-Through into Import Prices: A Macro or Micro Phenomenon? (JEL F3, F4)

by José Manuel Campa and Linda S. Goldberg149
(May 2002)
 Abstract
 Full text

Terms of Trade and Exchange Rate Regimes in Developing Countries (JEL E30, F31, F33, F41)

by Christian Broda148
(Mar 2002)
 Abstract
 Full text

How Valuable Is Exchange Rate Flexibility? Optimal Monetary Policy under Sectoral Shocks (JEL F31, F41, F42)

by Cédric Tille147
(Mar 2002)
 Abstract
 Full text

On the Distributional Effects of Exchange Rate Fluctuations (JEL F31, F41, F42)

by Cédric Tille146
(Mar 2002)
 Abstract
 Full text

Are Larger Treasury Issues More Liquid? Evidence from Bill Reopenings (JEL G12, G14, H63)

by Michael J. Fleming145
(Mar 2002)
 Abstract
 Full text

Has Monetary Policy Become Less Powerful? (JEL C32, E3, E52)

by Jean Boivin and Marc Giannoni144
(Mar 2002)
 Abstract
 Full text

The Role of Bank Advisors in Mergers and Acquisitions (JEL G21)

by Linda Allen, Julapa Jagtiani, Stavros Peristiani, and Anthony Saunders143
(Feb 2002)
 Abstract
 Full text

 


 
 
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