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Central Bank Research Hub - Philadelphia Fed Working Papers



Fraud Deterrence in Dynamic Mirrleesian Economies

by Roc Armenter10-7:
(Mar 2010)

 Full text

Expectations and Economic Fluctuations: An Analysis Using Survey Data

by Keith Sill10-6:
(Mar 2010)

 Full text

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

by 1005 name=100510-5:
(Feb 2010)

 Full text

Common Factors in Small Open Economies: Inference and Consequences

by Pablo A. Guerron-Quintana10-4:
(Feb 2010)

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Revisiting the Role of Home Production in Life-Cycle Labor Supply

by R. Jason Faberman10-3:
(Feb 2010)

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The Implications of Inflation in an Estimated New-Keynesian Model

by Pablo A. Guerron-Quintana10-2:
(Feb 2010)

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Insuring College Failure Risk

by Satyajit Chatterjee10-1:
(Feb 2010)

 Full text

2009

How Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systemically Important?

by 0934 name=093409-34
(Dec 2009)

 Full text

Worker Flows and Job Flows: A Quantitative Investigation (JEL E24, E32, J63, J64)

by Shigeru Fujita09-33
(Nov 2009)

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How Important Is the Currency Denomination of Exports in Open-Economy Models?

by Michael Dotsey09-32
(Nov 2009)

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Internal Capital Markets and Corporate Politics in a Banking Group

by Martijn Cremers09-31
(Nov 2009)

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Creditor Control of Free Cash Flow

by Rocco Huang09-30
(Nov 2009)

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Predictive Density Construction and Accuracy Testing with Multiple Possibly Misspecified Diffusion Models

by Valentina Corradi09-29
(Oct 2009)

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Real-Time Datasets Really Do Make a Difference: Definitional Change, Data Release, and Forecasting

by Andres Fernandez09-28
(Oct 2009)

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Monetary Policy Implementation Frameworks: A Comparative Analysis

by Antoine Martin09-27
(Oct 2009)

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Banking: A Mechanism Design Approach

by Cyril Monnet09-26
(Oct 2009)

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Rising Indebtedness and Hyperbolic Discounting: A Welfare Analysis (JEL D91, E21, E44, G18)

by Makoto Nakajima09-25
(Oct 2009)

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Why Do Markets Freeze?

by Philip Bond09-24
(Oct 2009)

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Time-Varying Capital Requirements in a General Equilibrium Model of Liquidity Dependence (JEL E32, G21, G28)

by Francisco Covas09-23
(Oct 2009)

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Foreclosures and House Price Dynamics: A Quantitative Analysis of the Mortgage Crisis and the Foreclosure Prevention Policy

by Satyajit Chatterjee09-22
(Sep 2009)

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Securitization and Mortgage Default: Reputation vs. Adverse Selection

by Ronel Elul09-21
(Sep 2009)

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Do Uncertainty and Technology Drive Exchange Rates?

by Pablo A. Guerron-Quintana09-20
(Sep 2009)

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How Much of South Korea's Growth Miracle Can Be Explained by Trade Policy? (JEL F4, O11, O4, O53)

by Michelle Connolly09-19
(Aug 2009)

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Money Talks (JEL D80, E40, E52)

by Marie Hoerova09-18
(Aug 2009)

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Technological Adaptation, Cities, and New Work (JEL J21, J24, O33, R12, R23)

by Jeffrey Lin09-17
(Aug 2009)

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The Geography of Research and Development Activity in the U.S. (JEL O31, R11)

by Kristy Buzard09-16
(Aug 2009)

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Economies of Scale and the Size of Exporters

by Roc Armenter09-15
(Aug 2009)

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The Establishment-Level Behavior of Vacancies and Hiring (JEL D21, E24, J60)

by Steven J. Davis09-14
(Aug 2009)

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Frequentist Inference in Weakly Identified DSGE Models (JEL C32, C52, E30, E50)

by Pablo Guerron-Quintana09-13
(Aug 2009)

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What Explains the Quantity and Quality of Local Inventive Activity? (JEL O31, R11)

by Gerald Carlino09-12
(Jun 2009)

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Intangible Assets and National Income Accounting: Measuring a Scientific Revolution

by Leonard I. Nakamura09-11
(May 2009)

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Inducing Agents to Report Hidden Trades: A Theory of an Intermediary (JEL D82, G20)

by Yaron Leitner09-10
(May 2009)

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The Long and Large Decline in State Employment Growth Volatility

by Gerald Carlino09-9
(Apr 2009)

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Sticky Prices Versus Monetary Frictions: An Estimation of Policy Trade-offs (JEL C5, E4, E5)

by S. Boragan Aruoba09-8
(Apr 2009)

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Housing Over Time and Over the Life Cycle: A Structural Estimation (JEL E21, R21)

by Wenli Li09-7
(Mar 2009)

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Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications (JEL E24, E31, E32, J64)

by Keith Kuester09-6
(Mar 2009)

 Full text

Introduction to Price and Productivity Measurement for Housing

by Bert M. Balk09-5
(Mar 2009)

 Full text

Accounting for Housing in a CPI

by W. Erwin Diewert09-4
(Mar 2009)

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The Dark Side of Bank Wholesale Funding

by Rocco Huang09-3
(Mar 2009)

 Full text

Maturity, Indebtedness, and Default Risk (JEL F34, F41, G12, G33)

by Satyajit Chatterjee09-2
(Mar 2009)

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The Role of Labor Markets for Euro Area Monetary Policy (JEL C11, E32, E52, J64)

by Kai Christoffel09-1
(Mar 2009)

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2008

Efficient Institutions (JEL D31, D52, O11, O43)

by Thorsten Koeppl08-33
(Dec 2008)

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Restricting Consumer Credit Access: Household Survey Evidence on Effects Around the Oregon Rate Cap

by Jonathan Zinman08-32
(Dec 2008)

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The (Un)Importance of Unemployment Fluctuations for Welfare (JEL E24, E32, J64)

by Keith Kuester08-31
(Dec 2008)

 Full text

Can Multi-Stage Production Explain the Home Bias in Trade?

by Kei-Mu Yi08-12/R
(Dec 2008)

 Full text

On the Implementation of Markov-Perfect Interest Rate and Money Supply Rules: Global and Local Uniqueness

by Michael Dotsey08-30
(Dec 2008)

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Insurance Policies for Monetary Policy in the Euro Area

by Keith Kuester08-29
(Dec 2008)

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Rents Have Been Rising, Not Falling, in the Postwar Period

by Leonard I. Nakamura08-28
(Oct 2008)

 Full text

Information in the Revision Process of Real-Time Datasets

by Valentina Corradi08-27
(Oct 2008)

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Spinoffs and the Market for Ideas

by Satyajit Chatterjee08-26
(Oct 2008)

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Seeing Inside the Black Box: Using Diffusion Index Methodology to Construct Factor Proxies in Large Scale Macroeconomic Time Series Environments

by 082508-25
(Oct 2008)

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Predatory Mortgage Lending

by Philip Bond08-24
(Oct 2008)

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Intangible Assets and National Income Accounting

by Leonard I. Nakamura08-23
(Oct 2008)

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City Beautiful

by Gerald A. Carlino08-22
(Sep 2008)

 Full text

Firm Default and Aggregate Fluctuations

by Tor Jacobson08-21
(Sep 2008)

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The Effect of Monetary Tightening on Local Banks

by Rocco Huang08-20
(Sep 2008)

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Real-Time Measurement of Business Conditions

by S. Boragan Aruoba08-19
(Sep 2008)

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In Harm's Way? Payday Loan Access and Military Personnel Performance

by Scott Carrell08-18
(Sep 2008)

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DSGE Model-Based Forecasting of Non-Modelled Variables

by Frank Schorfheide08-17
(Sep 2008)

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Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets

by Francis X. Diebold08-16
(Sep 2008)

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The Elasticity of the Unemployment Rate with Respect to Benefits

by Keith Kuester08-15
(Sep 2008)

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The Homeownership Experience of Households in Bankruptcy

by Wenli Li08-14
(Sep 2008)

 Full text

Quits, Worker Recruitment, and Firm Growth: Theory and Evidence

by R. Jason Faberman08-13
(Sep 2008)

 Full text

Can Multi-Stage Production Explain the Home Bias in Trade?

by Kei-Mu Yi08-12
(Sep 2008)

 Full text

Job Flows, Jobless Recoveries, and the Great Moderation

by R. Jason Faberman08-11
(Sep 2008)

 Full text

Business Method Patents and U.S. Financial Services (JEL G20, O31, O34)

by Robert M. Hunt08-10
(Sep 2008)

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Core Measures of Inflation as Predictors of Total Inflation

by Loretta J. Mester08-9
(Sep 2008)

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Revisions to PCE Inflation Measures: Implications for Monetary Policy

by Dean Croushore08-8
(Sep 2008)

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Monetary Policy in a Channel System

by Cyril Monnet08-7
(Sep 2008)

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Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies

by 086 name=08608-6
(Sep 2008)

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Central Bank Institutional Structure and Effective Central Banking: Cross-Country Empirical Evidence

by Iftekhar Hasan08-5
(Sep 2008)

 Full text

Frontiers of Real-Time Data Analysis

by Dean Croushore08-4
(Sep 2008)

 Full text

Inventories, Lumpy Trade, and Large Devaluations

by George Alessandria08-3
(Sep 2008)

 Full text

Optimal Industrial Structure in Banking

by Loretta J. Mester08-2
(Sep 2008)

 Full text

Efficiency in Banking: Theory, Practice, and Evidence

by Loretta J. Mester08-1
(Sep 2008)

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Inventories, Lumpy Trade, and Large Devaluations

by George Alessandria, Joseph Kaboski, and Virgiliu Midriganwp08-03
(Apr 2008)

 Full text

Optimal Industrial Structure in Banking

by Loretta J. Mesterwp08-02
(Apr 2008)

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Efficiency in Banking: Theory, Practice, and Evidence

by Joseph P. Hughes and Loretta J. Mesterwp08-01
(Apr 2008)

 Full text

Business Method Patents and U.S. Financial Services

by Robert M. Hunt08-10/R
(Feb 2008)

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2007

The Reaction of Consumer Spending and Debt to Tax Rebates: Evidence from Consumer Credit Data

by Sumit Agarwal , Chunlin Liu , and Nicholas Souleleswp07-34
(Dec 2007)

 Full text

Net Worth and Housing Equity in Retirement

by Todd Sinai and Nicholas Souleleswp07-33
(Dec 2007)

 Full text

Payment Network Scale Economies, SEPA, and Cash Replacement

by Wilko Bolt and David Humphreywp07-32
(Nov 2007)

 Full text

The Anatomy of U.S. Personal Bankruptcy Under Chapter 13

by Hülya Eraslan, Wenli Li, and Pierre-Daniel Sartewp07-31
(Nov 2007)

 Full text

Private Risk Premium and Aggregate Uncertainty in the Model of Uninsurable Investment Risk

by Francisco Covas and Shigeru Fujitawp07-30
(Nov 2007)

 Full text

Pricing-to-Market and the Failure of Absolute PPP

by George Alessandria and Joseph Kaboskiwp07-29
(Nov 2007)

 Full text

Innovation Across U.S. Industries: The Effects of Local Economic Characteristics

by Gerald A. Carlino and Robert M. Huntwp07-28
(Oct 2007)

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Interest Rate Versus Money Supply Instruments: On the Implementation of Markov-Perfect Optimal Monetary Policy

by Michael Dotsey and Andreas Hornsteinwp07-27
(Oct 2007)

 Full text

Optimal Pricing of Payment Services When Cash Is An Alternative

by Cyril Monnet and William Roberdswp07-26
(Oct 2007)

 Full text

Innovation, Cities, and New Work

by Jeffrey Linwp07-25
(Oct 2007)

 Full text

Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics

by Aubhik Khan and Julia K. Thomaswp07-24
(Oct 2007)

 Full text

Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities

by Hoyt Bleakley and Jeffrey Linwp07-23
(Oct 2007)

 Full text

A Dynamic Model of the Payment System

by Thorsten Koeppl, Cyril Monnet, and Ted Temzelideswp07-22
(Oct 2007)

 Full text

Business Method Patents for U.S. Financial Services

by Robert M. Huntwp07-21
(Sep 2007)

 Full text

Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area

by Robert M. Hunt, Samuli Simojoki, and Tuomas Takalowp07-20
(Sep 2007)

 Full text

The Cyclicality of Separation and Job Finding Rates

by Shigeru Fujita and Garey Rameywp07-19
(Sep 2007)

 Full text

The Relationship Between the Establishment Age Distribution and Urban Growth

by R. Jason Fabermanwp07-18
(Aug 2007)

 Full text

Establishment Heterogeneity, Exporter Dynamics, and the Effects of Trade Liberalization

by George Alessandria and Horag Choiwp07-17
(Aug 2007)

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A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

by Satyajit Chatterjee, Dean Corbae, Makoto Nakajima, and Jose-Victor Rios-Rullwp07-16
(Jun 2007)

 Full text

Spin-Offs and the Market for Ideas

by Satyajit Chatterjee and Esteban Rossi-Hansbergwp07-15
(Jun 2007)

 Full text

A Finite-Life Private-Information Theory of Unsecured Consumer Debt

by Satyajit Chatterjee, Dean Corbae, and José-Víctor Ríos-Rullwp07-14
(May 2007)

 Full text

A Comparison of Poverty Trends and Policy Impacts for Working Families Using Different Poverty Indexes

by Robert H. DeFinawp07-13
(May 2007)

 Full text

Dynamics of Worker Flows and Vacancies: Evidence from the Agnostic Identification Approach

by Shigeru Fujitawp07-12
(May 2007)

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The Long and Large Decline in State Employment Growth Volatility

by Gerald Carlino, Robert DeFina, and Keith Sillwp07-11
(Mar 2007)

 Full text

Bankruptcy: Is It Enough to Forgive or Must We Also Forget?

by Ronel Elul and Piero Gottardiwp07-10
(Mar 2007)

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Competitive Effects of Basel II on U.S. Bank Credit Card Lending

by William W. Lang, Loretta J. Mester, and Todd A. Vermilyeawp07-09
(Mar 2007)

 Full text

Mismeasured Personal Saving and the Permanent Income Hypothesis

by Leonard I. Nakamura and Tom Starkwp07-08
(Mar 2007)

 Full text

Matching Externalities and Inventive Productivity

by Robert M. Huntwp07-07
(Mar 2007)

 Full text

Economics and the Design of Patent Systems

by Robert M. Huntwp07-06
(Jan 2007)

 Full text

The Cyclicality of Worker Flows: New Evidence from the SIPP

by Shigeru Fujita, Christopher J. Nekarda, and Garey Rameywp07-05
(Jan 2007)

 Full text

Capital and Macroeconomic Instability in a Discrete-Time Model with Forward-Looking Interest Rate Rules

by Kevin X. D. Huang and Qinglai Mengwp07-04
(Jan 2007)

 Full text

Overconfidence in Financial Markets and Consumption Over the Life Cycle

by Frank Caliendo and Kevin X. D. Huangwp07-03
(Jan 2007)

 Full text

Reassessing the Shimer Facts

by Shigeru Fujita and Garey Rameywp07-02
(Jan 2007)

 Full text

2006

An Evaluation of Inflation Forecasts from Surveys Using Real-Time Data

by Dean Croushorewp06-19
(Oct 2006)

 Full text

Capitalization of the Quality of Local Public Schools: What Do Home Buyers Value?

by Theodore M. Cronewp06-15
(Aug 2006)

 Full text

Urban Density and the Rate of Invention

by Gerald Carlino, Satyajit Chatterjee, and Robert Huntwp06-14
(Aug 2006)

 Full text

Job Matching and Propagation

by Shigeru Fujita and Garey Rameywp06-13
(Jul 2006)

 Full text

Monetary and Financial Forces in the Great Depression

by Satyajit Chatterjee and Dean Corbaewp06-12
(Jul 2006)

 Full text

National Income Accounts

by Leonard I. Nakamurawp06-11
(Jun 2006)

 Full text

Labor Supply and Personal Computer Adoption

by Mark Doms and Ethan Lewiswp06-10
(2006)

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Nontraded Goods, Market Segmentation, and Exchange Rates

by Michael Dotsey and Margarida Duartewp06-09
(2006)

 Full text

A Phillips Curve with an Ss Foundation

by Mark Gertler and John Leahywp06-08
(2006)

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The CPI for Rents: A Case of Understated Inflation

by Theodore M. Crone, Leonard I. Nakamura, and Richard Voithwp06-07
(2006)

 Full text

When Do More Patents Reduce R&D?

by Robert M. Huntwp06-06
(2006)

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Bayesian Analysis of DSGE Models

by Sungbae An and Frank Schorfheidewp06-05
(2006)

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Monetary Policy Analysis with Potentially Misspecified Models

by Marco Del Negro and Frank Schorfheidewp06-04
(2006)

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Non-Stationary Hours in a DSGE Model

by Yongsung Chang, Taeyoung Doh, and Frank Schorfheidewp06-03
(2006)

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Predatory Lending in a Rational World

by Philip Bond, David K. Musto, and Bilge Yilmazwp06-02
(2006)

 Full text

2005

Owner-Occupied Housing as a Hedge Against Rent Risk

by Todd Sinai and Nicholas S. Souleleswp05-10
(May 2005)

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Consumer Search, Price Dispersion, and International Relative Price Volatility

by George Alessandriawp05-09
(May 2005)

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Immigration, Skill Mix, and the Choice of Technique

by Ethan Lewiswp05-08
(May 2005)

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The Life-Cycle Effects of House Price Changes

by Wenli Li and Rui Yaowp05-07
(May 2005)

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Benchmark Revisions and the U.S. Personal Saving Rate

by Leonard I. Nakamura and Tom Starkwp05-06
(Apr 2005)

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Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?

by Yongsung Chang and Jay H. Hongwp05-05
(Mar 2005)

 Full text

Pricing, Production, and Persistence

by Michael Dotsey and Robert G. Kingwp05-04
(Mar 2005)

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Implications of State-Dependent Pricing for Dynamic Macroeconomic Models

by Michael Dotsey and Robert G. Kingwp05-02
(Feb 2005)

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Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement?

by M. Ayhan Kose and Kei-Mu Yiwp05-03
(Feb 2005)

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Schooling and the AFQT: Evidence from School Entry Laws

by Elizabeth Cascio and Ethan Lewiswp05-01
(Feb 2005)

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Advertising, Intangible Assets, and Unpriced Entertainment

by Leonard Nakamurawp05-11
(2005)

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A Century of Consumer Credit Reporting in America

by Robert M. Huntwp05-13
(2005)

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Vertical Production and Trade Interdependence and Welfare

by Kevin X.D. Huang and Zheng Liuwp05-15
(2005)

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Switching Costs and Adverse Selection in the Market for Credit Cards: New Evidence

by Paul S. Calem, Michael B. Gordy, and Loretta J. Mesterwp05-16
(2005)

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Banks in the Securities Business: Market-Based Risk Implications of Section 20 Subsidiaries

by Victoria Geyfmanwp05-17
(2005)

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A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

by Satyajit Chatterjee, Dean Corbae, Makoto Nakajima and Jose-Victor Rios-Rullwp05-18
(2005)

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Resolving the Puzzle of the Underissuance of National Bank Notes

by Charles Calomiris and Joseph R. Masonwp05-19
(2005)

 Full text

Do Sunk Costs of Exporting Matter for Net Export Dynamics?

by George Alessandria and Horag Choiwp05-20
(2005)

 Full text

Special Purpose Vehicles and Securitization

by Gorton and Nicholas Souleleswp05-21
(2005)

 Full text

The Dynamic Beveridge Curve

by Shigeru Fujita and Garey Rameywp05-22
(2005)

 Full text

Collateral, Credit History, and the Financial Decelerator

by Ronel Elulwp05-23
(2005)

 Full text

Vertical Specialization and the Border Effect Puzzle

by Kei-Mu Yiwp05-24
(2005)

 Full text

A Portfolio View of Consumer Credit

by David K. Musto and Nicholas Souleleswp05-25
(2005)

 Full text

Risk-Adjusted Performance Measures at Bank Holding Companies with Section 20 Subsidiaries

by Victoria Geyfmanwp05-26
(2005)

 Full text

The Effect of Transaction Pricing on the Adoption of Electronic Payments: A Cross-Country Comparison

by Wilko Bolt, David Humphrey and Roland Uittenbogaardwp05-28
(2005)

 Full text

Potential Competitive Effects on U.S. Bank Credit Card Lending from the Proposed Bifurcated Application of Basel II

by William W. Lang, Loretta J. Mester and Todd A. Vermilyeawp05-29
(2005)

 Full text

2004

Financial Intermediaries, Markets, and Growth

by Falko Fechtwp04-24
(Dec 2004)

 Full text

Trade and the (Dis) Incentive to Reform Labor Markets: The Case of Reform in the European Union

by George Alessandria and Alain Delacroixwp04-18
(Oct 2004)

 Full text

Violating Purchasing Power Parity

by George Alessandria and Joseph Kaboskiwp04-19
(Oct 2004)

 Full text

Transactions Accounts and Loan Monitoring

by Loretta J. Mesterwp04-20
(Oct 2004)

 Full text

On the Stability of Employment Growth: A Postwar View from the U.S. States

by Gerald Carlinowp04-21
(Oct 2004)

 Full text

Hedonic Estimates of the Cost of Housing Services: Rental and Owner-Occupied Units

by Theodore P. Crone, Leonard I. Nakamura and Richard P. Voithwp04-22
(Oct 2004)

 Full text

Vacancy Persistence

by Shigeru Fujitawp04-23
(Oct 2004)

 Full text

Matching and Learning in Cities: Evidence from Patent Data

by Gerald Carlinowp04-16
(Oct 2004)

 Full text

The CPI for Rents: A Case of Understated Inflation

by Theodore M. Cronewp04-17
(Oct 2004)

 Full text

A Redefinition of Economic Regions in the U.S.

by Theodore M. Cronewp04-12
(Sep 2004)

 Full text

Modeling Inventories over the Business Cycle

by Aubhik Khan and Julia K. Thomaswp04-13
(Sep 2004)

 Full text

Bankruptcy Exemptions, Credit History, and the Mortgage Market

by Souphala Chomsisengphet and Ronel Elulwp04-14
(Sep 2004)

 Full text

Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics

by Aubhik Khan and Julia K. Thomaswp04-15
(Sep 2004)

 Full text

Specific Factors Meet Intermediate Inputs: Implications for Strategic Complementarities and Persistence

by Kevin X. D. Huangwp04-07
(Sep 2004)

 Full text

Multiple Stages of Processing and the Quantity Anomaly in International Business Cycle Models

by Kevin X. D. Huang and Zheng Liuwp04-08
(Sep 2004)

 Full text

Consistent Economic Indexes for the 50 States

by Theodore M. Crone and Alan Clayton-Matthewswp04-09
(Sep 2004)

 Full text

Life Insurance and Household Consumption

by Jay Hong and José-Victor Ríos-Rullwp04-10
(Sep 2004)

 Full text

Inventories and the Business Cycle: An Equilibrium Analysis of (S, s) Policies

by Aubhik Khan and Julia K. Thomaswp04-11
(Sep 2004)

 Full text

Inflation Targeting: What Inflation Rate to Target?

by Kevin X. D. Huang and Zheng Liuwp04-06
(Aug 2004)

 Full text

Fresh Start or Head Start? The Effect of Filing for Personal Bankruptcy on the Labor Supply

by Song Han and Wenli Liwp04-05
(Jul 2004)

 Full text

Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?

by Raphael Bergoeingwp04-04
(Apr 2004)

 Full text

How Did the Miami Labor Market Absorb the Mariel Immigrants?

by Ethan Lewiswp04-03
(Apr 2004)

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The Rise of the Skilled City

by Edward L. Glaeser and Albert Saizwp04-02
(Apr 2004)

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Local Open Economies Within the U.S.: How Do Industries Respond to Immigration?

by Ethan Lewiswp04-01
(Apr 2004)

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2003

On the Contribution of Agglomeration Economies to the Spatial Concentration of U.S. Employment

by Satyajit Chatterjeewp03-24
(2003)

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An Alternative Definition of Economic Regions in the U.S. Based on Similarities in State Business Cycles

by Theodore M. Cronewp03-23
(2003)

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Monetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility

by Sylvain Leduc and Keith Sillwp03-22
(2003)

 Full text

The Evolution of the Philadelphia Stock Exchange: 1964-2002

by John P. Caskeywp03-21
(2003)

 Full text

On the Welfare Gains of Eliminating a Small Likelihood of Economic Crises: A Case for Stabilization Policies?

by Satyajit Chatterjee and Dean Corbaewp03-20
(2003)

 Full text

International Risk-Sharing and the Transmission of Productivity Shocks

by Giancarlo Corsettiwp03-19
(2003)

 Full text

Postwar Period Changes in Employment Volatility: New Evidence from State/Industry Panel Data

by Gerald Carlinowp03-18
(2003)

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An Empirical Look At Software Patents

by James Bessen and Robert M. Huntwp03-17
(2003)

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Cost Savings From Electronic Payments and ATMS in Europe

by David Humphreywp03-16
(2003)

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Growth Effects of Progressive Taxes

by Wenli Li and Pierre-Daniel Sartewp03-15
(2003)

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The Macroeconomics of U.S. Consumer Bankruptcy Choice: Chapter 7 or Chapter 13?

by Wenli Li and Pierre-Daniel Sartewp03-14
(2003)

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Applying Efficiency Measurement Techniques to Central Banks

by Loretta J. Mesterwp03-13
(2003)

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Immigration and Housing Rents in American Cities

by Albert Saizwp03-12
(2003)

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A Note on Global Welfare in Pharmaceutical Patenting

by F.M. Schererwp03-11
(2003)

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Urban Decline and Housing Reinvestment: The Role of Construction Costs and the Supply Side

by Joseph Gyourko and Albert Saizwp03-09
(2003)

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A Short-Term Model of the Fed's Portfolio Choice

by Dean Croushorewp03-08
(2003)

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Credit Card Securitization and Regulatory Arbitrage

by Charles W. Calomiris and Joseph R. Masonwp03-07
(2003)

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What Is the Value of Recourse to Asset Backed Securities? A Clinical Study of Credit Card Banks

by Eric J. Higgins and Joseph R. Masonwp03-06
(2003)

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How Strong Is Co-Movement in Employment Over the Business Cycle? Evidence from State/Industry Data

by Gerald A. Carlino and Robert H. DeFinawp03-05
(2003)

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Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

by Jess Benhabibwp03-04
(2003)

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Non-Exclusive Contracts, Collateralized Trade, and a Theory of an Exchange

by Yaron Leitnerwp03-03
(2003)

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The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

by Andrew B. Abelwp03-02
(2003)

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Data Revisions and the Identification of Monetary Policy Shocks

by Dean Croushore and Charles L. Evanswp03-01
(2003)

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2002

Collateral and Competition

by Mitchell Berlin and Alexander W. Butlerwp02-22
(2002)

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The Development and Regulation of Consumer Credit Reporting in America

by Robert M. Huntwp02-21
(2002)

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Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies

by Aubhik Khan and Julia K. Thomaswp02-20
(2002)

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Optimal Monetary Policy

by Aubhik Khanwp02-19
(2002)

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Technology Flows Matrix Estimation Revisited

by F. M. Schererwp02-18
(2002)

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Democracy to the Road: The Political Economy of Potholes

by Albert Saizwp02-17
(2002)

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The Returns to Speaking a Second Language

by Albert Saiz and Elena Zoidowp02-16
(2002)

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The Cyclical Behavior of State Employment During the Postwar Period

by Gerald Carlinowp02-14
(2002)

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Why Are Business Cycles Alike Across Exchange-Rate Regimes?

by Luca Dedola and Sylvain Leducwp02-11
(2002)

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Why Do Households Without Children Support Local Public Schools? Linking House Price Capitalization to School Spending

by Christian A. L. Hilber and Christopher J. Mayerwp02-10
(2002)

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The Impact of Unemployment on Alternative Poverty Measures

by Robert H. DeFinawp02-08
(2002)

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A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

by Satyajit Chatterjeewp02-06
(2002)

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Check-Cashing Outlets in a Changing Financial System

by John P. Caskeywp02-04
(2002)

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Is Macroeconomic Research Robust to Alternative Data Sets?

by Dean Croushore and Tom Starkwp02-03
(2002)

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Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation, and Financial Performance

by Joseph P. Hugheswp02-02
(2002)

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An Overall Perspective on Banking Regulation

by Xavier Freixas and Anthony M. Santomerowp02-01
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