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Central Bank Research Hub - St Louis Fed Working Papers



Out-of-Sample Equity Premium Prediction: Economic Fundamentals vs. Moving-Average Rules

by Christopher J. Neely, David E. Rapach, Jun Tu, and Ge Zhou2010-008
(Mar 2010)
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Do Oil Shocks Drive Business Cycles? Some U.S. and International Evidence

by Kristie M. Engemann, Kevin L. Kliesen, and Michael T. Owyang2010-007
(Mar 2010)
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 Full text

Economic Freedom and Employment Growth in U.S. States

by Thomas A. Garrett, and Russell M. Rhine2010-006
(Mar 2010)
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 Full text

Dissecting Taylor Rules in a Structural VAR

by Woon Gyu Choi, and Yi Wen2010-005
(Jan 2010)
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Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

by Kris James Mitchener, and David C. Wheelock2010-004
(Jan 2010)
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1/N and Long Run Optimal Portfolios: Results for Mixed Asset Menus

by Carolina Fugazza, Massimo Guidolin, and Giovanna Nicodano2010-003
(Jan 2010)
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 Full text

Can VAR Models Capture Regime Shifts in Asset Returns? A Long-Horizon Strategic Asset Allocation Perspective

by Massimo Guidolin, and Stuart Hyde2010-002
(Jan 2010)
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 Full text

On the Social Cost of Transparency in Monetary Economies

by David Andolfatto2010-001
(Jan 2010)
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 Full text

2009

Forecast Disagreement Among FOMC Members

by Chanont Banternghansa, and Michael W. McCracken2009-059
(Dec 2009)
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 Full text

Spatial Heterogeneity and the Geographic Distribution of Airport Noise

by Jeffrey P. Cohen, and Cletus C. Coughlin2009-058
(Nov 2009)
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Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade

by Cletus C. Coughlin, and Dennis Novy2009-057
(Nov 2009)
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 Full text

Outside Versus Inside Bonds: A Modigliani-Miller type result for liquidity constrained economies

by Aleksander Berentsen, and Christopher J. Waller2009-056
(Oct 2009)
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Common Fluctuations in OECD Budget Balances

by Christopher J. Neely, and David E. Rapach2009-055
(Oct 2009)
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Are U.S. Banks too Large?

by David C. Wheelock, and Paul Wilson2009-054
(Oct 2009)
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 Full text

Biofuel Subsidies: An Open-Economy Analysis

by Subhayu Bandyopadhyay, Sumon Bhaumik, and Howard J. Wall2009-053
(Oct 2009)
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The Effects of Recessions Across Demographic Groups

by Kristie M. Engemann, and Howard J. Wall2009-052
(Oct 2009)
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In-Sample Tests of Predictive Ability: A New Approach

by Todd E. Clark, and Michael W. McCracken2009-051
(Oct 2009)
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Nested Forecast Model Comparisons: A New Approach to Testing Equal Accuracy

by Todd E. Clark, and Michael W. McCracken2009-050
(Oct 2009)
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Taylor-Type Rules and Permanent Shifts in Productivity Growth

by William T. Gavin, Benjamin D. Keen, and Michael R. Pakko2009-049
(Sep 2009)
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The Local Effects of Monetary Policy

by Neville Francis, Michael T. Owyang, and Tatevik Sekhposyan2009-048
(Sep 2009)
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Indirect Taxation and the Welfare Effects of Altruism on the Optimal Fiscal Policy

by Carlos Garriga, and Fernando Sánchez-Losada2009-047
(Sep 2009)
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 Full text

Money and Capital as Competing Media of Exchange in a News Economy

by David Andolfatto, and Fernando M. Martin2009-046
(Sep 2009)
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Saving and Growth under Borrowing Constraints Explaining the

by Yi Wen2009-045
(Sep 2009)
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Essential Interest-bearing Money

by David Andolfatto2009-044
(Sep 2009)
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The Role of Location in Evaluating Racial Wage Disparity

by Dan Black, Natalia Kolesnikova, Seth G. Sanders, and Lowell J. Taylor2009-043
(Sep 2009)
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What happened to the US stock market? Accounting for the last 50 years (JEL E25, G12)

by Michele Boldrin, and Adrian Peralta-Alva2009-042
(Aug 2009)
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Cross-Border Lobbying in Preferential Trading Agreements: Implications for External Tariffs (JEL F13)

by Subhayu Bandyopadhyay, Sajal Lahiri, and Howard J. Wall2009-041
(Aug 2009)
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Sources of Exchange Rate Fluctuations: Are They Real or Nominal? (JEL C30, F31, F41)

by Luciana Juvenal2009-040
(Aug 2009)
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Incidence of an Outsourcing Tax on Intermediate Inputs (JEL D3, F1)

by Subhayu Bandyopadhyay2009-039
(Aug 2009)
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How Did We Get to Inflation Targeting and Where Do We Go Now? A Perspective From the U.S. Experience (JEL E52, E58)

by Daniel L. Thornton2009-038
(Aug 2009)
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 Full text

The Identification of the Response of Interest Rates to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks (JEL E40, E52)

by Daniel L. Thornton2009-037
(Aug 2009)
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 Full text

Problems in the Numerical Simulation of Models with Heterogeneous Agents and Economic Distortions (JEL C6, D5, E2)

by Adrian Peralta-Alva, and Manuel S. Santos2009-036
(Aug 2009)
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Dynamic Taxation, Private Information and Money (JEL E40, H21)

by Christopher J. Waller2009-035
(Aug 2009)
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Random Matching and Money in the Neoclassical Growth Model: Some Analytical Results (JEL E20, E40, O42)

by Christopher J. Waller2009-034
(Aug 2009)
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 Full text

Price Level Targeting and Stabilization Policy (JEL E40, E50)

by Aleksander Berentsen, and Christopher J. Waller2009-033
(Aug 2009)
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Optimal Stabilization Policy with Endogenous Firm Entry (JEL E40, E50)

by Aleksander Berentsen, and Christopher J. Waller2009-032
(Aug 2009)
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Money and Capital: A Quantitative Analysis (JEL E40, E50)

by S. Boragan Aruoba, Christopher J. Waller, and Randall Wright2009-031
(Aug 2009)
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Does Money Matter in Inflation Forecasting? (JEL E31, E41, E47, E51)

by Jane M. Binner, Peter Tino, Jonathan Tepper, Richard G. Anderson, Barry Jones, and Graham Kendall2009-030
(Jun 2009)
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Speculative Bubbles and Financial Crisis (JEL E21, E22, E32, E44, E63)

by Pengfei Wang, and Yi Wen2009-029
(Jun 2009)
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Capital Misallocation and Aggregate Factor Productivity (JEL D90, E32, O47)

by Costas Azariadis, and Leo Kaas2009-028
(Jun 2009)
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Casino Revenue and the Illinois Smoking Ban (JEL D78, H11, I12)

by Thomas A. Garrett, and Michael R. Pakko2009-027
(Jun 2009)
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An Analytical Approach to Buffer-Stock Saving (JEL D91, E21)

by Yi Wen2009-026
(Jun 2009)
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Dynamics in Systematic Liquidity (JEL C02, G10)

by Björn Hagströmer, Richard G. Anderson, Jane M. Binner, and Birger Nilsson2009-025
(May 2009)
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When does Heterogeneity Matter? (JEL E12, E13, E31, E32, E41, E43, E51)

by Yi Wen2009-024
(May 2009)
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Does Democracy Reduce Terrorism in Developing Nations? (JEL D74, H56)

by Subhayu Bandyopadhyay, and Javed Younas2009-023
(May 2009)
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Financial Development and Economic Volatility: A Unified Explanation

by Pengfei Wang, and Yi Wen2009-022
(Apr 2009)
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Foreign Aid as Counterterrorism Policy (JEL D74, H40, O10)

by Subhayu Bandyopadhyay, Todd Sandler, and Javed Younas2009-021
(Apr 2009)
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A Simple Model of Trading and Pricing Risky Assets Under Ambiguity: Any Lessons for Policy-Makers?

by Massimo Guidolin, and Francesca Rinaldi2009-020
(Apr 2009)
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Liquidity and Welfare in a Heterogeneous-Agent Economy (JEL E12, E13, E31, E32, E41, E43, E51)

by Yi Wen2009-019
(Apr 2009)
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Numerical Simulation of Nonoptimal Dynamic Equilibrium Models (JEL C6, D5, E2)

by Zhigang Feng, Jianjun Miao, Adrian Peralta-Alva, and Manuel S. Santos2009-018
(Apr 2009)
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Milton Friedman and U.K. Economic Policy: 1938-1979 (JEL E31, E32, E51, E52)

by Edward Nelson2009-017
(Apr 2009)
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Toxic Exposure in America: Estimating Fetal and Infant Health Outcomes (JEL I19, Q51)

by Nikhil Agarwal, Chanont Banternghansa, and Linda T.M. Bui2009-016
(Apr 2009)
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The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes (JEL E31, E52, E58)

by Riccardo DiCecio, and Charles R. Nelson2009-015
(Apr 2009)
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Journal Rankings in Economics: Handle with Care (JEL A11, A11)

by Howard J. Wall2009-014
(Apr 2009)
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The Propagation of Regional Recessions

by James D. Hamilton, and Michael T. Owyang2009-013
(Apr 2009)
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Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model (JEL E32, E42, E52)

by Riccardo DiCecio, and Edward Nelson2009-012
(Mar 2009)
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U.S. Commercial Bank Lending through 2008:Q4: New Evidence from Gross Credit Flows (JEL E44, E51, G21)

by Silvio Contessi, and Johanna Francis2009-011
(Mar 2009)
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Inventory Accelerator in General Equilibrium (JEL E13, E20, E32)

by Pengfei Wang, and Yi Wen2009-010
(Mar 2009)
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Revisiting the Predictability of Bond Risk Premia (JEL E0, E4, G0, G1)

by Daniel L. Thornton, and Giorgio Valente2009-009
(Mar 2009)
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Robust, Dynamic Nonparametric Benchmarking: The Evolution of Cost-Productivity and Efficiency Among U.S. Credit Unions (JEL C13, C14, G21)

by David C. Wheelock, and Paul Wilson2009-008
(Mar 2009)
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Is Housing the Business Cycle? Evidence from U.S. Cities (JEL C32, E32, R11)

by Andra C. Ghent, and Michael T. Owyang2009-007
(Mar 2009)
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Who Benefits from Increased Government Spending? A State-Level Analysis (JEL C32, E62, R12)

by Michael T. Owyang, and Sarah Zubairy2009-006
(Mar 2009)
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Entry Costs, Misallocation, and Cross-Country Income and TFP Differences (JEL L16, O11, O40, O43, O47)

by Levon Barseghyan, and Riccardo DiCecio2009-005
(Feb 2009)
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Estate Taxation with Warm-Glow Altruism

by Carlos Garriga, and Fernando Sánchez-Losada2009-004
(Jan 2009)
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Generational Policy and the Macroeconomic Measurement of Tax Incidence

by Juan Carlos Conesa, and Carlos Garriga2009-003
(Jan 2009)
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Resolving the Unbiasedness Puzzle in the Foreign Exchange Market (JEL F31, G12, G15)

by Daniel L. Thornton2009-002
(Jan 2009)
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2008

Mexico's Integration into NAFTA Markets: A View from Sectoral Real Exchange Rates

by Rodolphe Blavy, and Luciana Juvenal2008-046
(Dec 2008)
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Inventories, Liquidity, and the Macroeconomy (JEL E13, E20, E32)

by Yi Wen2008-045
(Dec 2008)
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Dynamics of Externalities: A Second-Order Perspective (JEL C63, E0, E32)

by Huabin Wu2008-044
(Nov 2008)
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The Stability of Macroeconomic Systems with Bayesian Learners (JEL D83, D84, E00)

by James B. Bullard, and Jacek Suda2008-043
(Nov 2008)
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Do European Capital Flows Comove? (JEL F32, F34, F36)

by Silvio Contessi, and Pierangelo DePace2008-042
(Nov 2008)
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The Cyclical Properties of Disaggregated Capital Flows (JEL E32, F21, F32, F36)

by Silvio Contessi, Pierangelo DePace, and Johanna Francis2008-041
(Nov 2008)
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Are Children 'Normal'? (JEL J13, J40)

by Dan Black, Natalia Kolesnikova, Seth G. Sanders, and Lowell J. Taylor2008-040
(Oct 2008)
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Did Prepayments Sustain the Subprime Market? (JEL D82, D86, G21)

by Geetesh Bhardwaj, and Rajdeep Sengupta2008-039
(Oct 2008)
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Government Response to Home Mortgage Distress: Lessons from the Great Depression (JEL G21, G28, N22)

by David C. Wheelock2008-038
(Oct 2008)
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Combining Forecasts From Nested Models

by Todd E. Clark, and Michael W. McCracken2008-037
(Oct 2008)
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Where's the Smoking Gun? A Study of Underwriting Standards for US Subprime Mortgages (JEL D82, D86, G21)

by Geetesh Bhardwaj, and Rajdeep Sengupta2008-036
(Oct 2008)
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Macroeconometric Equivalence, Microeconomic Dissonance, and the Design of Monetary Policy (JEL E22, E30, E52)

by Andrew T. Levin, J. David López-Salido, Edward Nelson, and Tack Yun2008-035
(Oct 2008)
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The Interplay between Preemptive and Defensive Counterterrorism Measures: A Two-Stage Game (JEL D62, H40)

by Subhayu Bandyopadhyay, and Todd Sandler2008-034
(Oct 2008)
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Are Credit Unions Too Small? (JEL C12, C13, C14, G21, L11)

by David C. Wheelock, and Paul Wilson2008-033
(Sep 2008)
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The Great Inflation: Did The Shadow Know Better? (JEL B22, E31, E52, E58, N12)

by William Poole, Robert H. Rasche, and David C. Wheelock2008-032
(Sep 2008)
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Asset Prices, Exchange Rates and the Current Account (JEL C30, F32, F40)

by Marcel Fratzscher, Luciana Juvenal, and Lucio Sarno2008-031
(Aug 2008)
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Averaging Forecasts from VARs with Uncertain Instabilities (JEL C32, C53, E37)

by Todd E. Clark, and Michael W. McCracken2008-030
(Aug 2008)
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Tests of Equal Predictive Ability with Real-Time Data

by Todd E. Clark, and Michael W. McCracken2008-029
(Aug 2008)
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Improving Forecast Accuracy by Combining Recursive and Rolling Forecasts

by Todd E. Clark, and Michael W. McCracken2008-028
(Aug 2008)
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Threshold Adjustment in Deviations from the Law of One Price (JEL C22, F31, F41)

by Luciana Juvenal, and Mark P. Taylor2008-027
(Aug 2008)
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 Full text

City Business Cycles and Crime (JEL K42, R10)

by Thomas A. Garrett, and Lesli S. Ott2008-026
(Aug 2008)
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 Full text

Is Inflation an International Phenomenon? (JEL C32, E31, E52, F42)

by Christopher J. Neely, and David E. Rapach2008-025
(Aug 2008)
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 Full text

Endogenous Productivity and Multiple Steady States (JEL L16, O11, O33, O40)

by Levon Barseghyan, and Riccardo DiCecio2008-023
(Jul 2008)
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The Loan Structure and Housing Tenure Decisions in an Equilibrium Model of Mortgage Choice

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2008-024
(Jun 2008)
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Enlargement and Common External Tariff in a Political-Economic Model of Customs Union (JEL F13)

by Subhayu Bandyopadhyay, Sajal Lahiri, and Suryadipta Roy2008-022
(Jun 2008)
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Real Interest Rate Persistence: Evidence and Implications (JEL C22, E21, E44, E52, E62, G12)

by Christopher J. Neely, and David E. Rapach2008-018
(Jun 2008)
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Institutional Causes of Macroeconomic Volatility

by Levon Barseghyan, and Riccardo DiCecio2008-021
(Jun 2008)
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Institutions and Government Growth: A Comparison of the 1890s and the 1930s

by Thomas A. Garrett, and Russell M. Rhine2008-020
(Jun 2008)
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Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74

by Sami Alpanda, and Adrian Peralta-Alva2008-019
(Jun 2008)
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A Macroeconomic Analysis of Obesity

by Pere Gomis-Porqueras, and Adrian Peralta-Alva2008-017
(Jun 2008)
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Local Price Variation and Labor Supply Behavior

by Dan Black, Natalia Kolesnikova, and Lowell J. Taylor2008-016
(Jun 2008)
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Optimal Monetary and Fiscal Policies in a Search Theoretic Model of Monetary Exchange

by Pere Gomis-Porqueras, and Adrian Peralta-Alva2008-015
(Jun 2008)
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Resuscitating the Credit Cycle (JEL E32, E44, E63)

by Patrick A. Pintus, and Yi Wen2008-014
(Jun 2008)
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Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique (JEL E43, E51, E52)

by Edward Nelson2008-013
(May 2008)

 Full text

Inflation, Monetary Policy and Stock Market Conditions (JEL E31, E52, G12, N12, N22)

by Michael D. Bordo, Michael J. Dueker, and David C. Wheelock2008-012
(May 2008)

 Full text

Monetary Policy: Why Money Matters and Interest Rates Don't (JEL E41, E43, E52)

by Daniel L. Thornton2008-011
(May 2008)

 Full text

Non-Linear Predictability in Stock and Bond Returns: When and Where Is It Exploitable? (JEL C32, C53, E44, G12)

by Massimo Guidolin, Stuart Hyde, David McMillan, and Sadayuki Ono2008-010
(Apr 2008)

 Full text

Oil and the U.S. Macroeconomy: An Update and a Simple Forecasting Exercise (JEL E37, E66, Q43)

by Kevin L. Kliesen2008-009
(Apr 2008)

 Full text

Input and Output Inventory Dynamics (JEL E13, E20, E32)

by Yi Wen2008-008
(Mar 2008)

 Full text

When Does Determinacy Imply Expectational Stability? (JEL D8, E3, E4)

by James B. Bullard, and Stefano Eusepi2008-007
(Feb 2008)

 Full text

The Dynamic Interaction of Order Flows and the CAD/USD Exchange Rate (JEL C32, F31, F37)

by Nikola Gradojevic, and Christopher J. Neely2008-006
(Feb 2008)

 Full text

Equity Portfolio Diversification under Time-Varying Predictability and Comovements: Evidence from Ireland, the US, and the UK (JEL C32, F30, G11, G15, M13)

by Massimo Guidolin, and Stuart Hyde2008-005
(Jan 2008)

 Full text

Offshoring, Economic Insecurity, and the Demand for Social Insurance (JEL F16, J31, J65)

by Richard G. Anderson, and Charles S. Gascon2008-003
(Jan 2008)

 Full text

Convergence in the United States: A Tale of Migration and Urbanization (JEL O51, R11, R23)

by Riccardo DiCecio, and Charles S. Gascon2008-002
(Jan 2008)

 Full text

Multivariate Markov Switching With Weighted Regime Determination: Giving France More Weight than Finland (JEL C22, C25, F42)

by Michael J. Dueker, and Martin Sola2008-001
(Jan 2008)

 Full text

2007

Comment on Harding and Pagan 'The Econometric Analysis of Some Constructed Binary Time Series' (JEL C35, E32, E37)

by Michael J. Dueker2007-054
(Dec 2007)

 Full text

The Tax Treatment of Homeowners and Landlords and the Progressivity of Income Taxation

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-053
(Dec 2007)

 Full text

The Microstructure of the U.S. Treasury Market (JEL D53, E43, E44, G12)

by Bruce Mizrach, and Christopher J. Neely2007-052
(Dec 2007)

 Full text

A General Equilibrium Theory of College with Education Subsidies, In-School Labor Supply, and Borrowing Constraints

by Carlos Garriga, and Mark P. Keightley2007-051
(Nov 2007)

 Full text

States and the Business Cycle (JEL E32, R12)

by Michael T. Owyang, David E. Rapach, and Howard J. Wall2007-050
(Nov 2007)

 Full text

Equilibrium Mortgage Choice and Housing Tenure Decisions with Refinancing

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-049
(Nov 2007)

 Full text

The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's 'Who Was Milton Friedman?' (JEL E31, E51, E58)

by Edward Nelson, and Anna J. Schwartz2007-048
(Oct 2007)

 Full text

Multivariate Forecast Evaluation and Rationality Testing (JEL C32, C53)

by Ivana Komunjer, and Michael T. Owyang2007-047
(Oct 2007)

 Full text

Urban Crime and Labor Mobility (JEL H73, K42, R23)

by Subhayu Bandyopadhyay, and Christopher H. Wheeler2007-046
(Oct 2007)

 Full text

Human Capital Externalities and Adult Mortality in the U.S. (JEL I10, I20, J10, R10)

by Christopher H. Wheeler2007-045
(Oct 2007)

 Full text

Lending to Uncreditworthy Borrowers (JEL D43, G21)

by Rajdeep Sengupta2007-044
(Oct 2007)

 Full text

The Labor Supply of Married Women: Why Does It Differ Across U.S. Cities? (JEL J21, J22, R23, R41)

by Natalia Kolesnikova2007-043
(Oct 2007)

 Full text

Inter-temporal Differences in the Income Elasticity of Demand for Lottery Tickets (JEL H22, H71)

by Thomas A. Garrett, and Cletus C. Coughlin2007-042
(Oct 2007)

 Full text

Optimal Response to a Transitory Demographic Shock in Social Security Financing

by Juan Carlos Conesa, and Carlos Garriga2007-041
(Sep 2007)

 Full text

Mortgage Contracts and Housing Tenure Decisions

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-040
(Sep 2007)

 Full text

The Unusual Behavior of the Federal Funds and 10-Year Treasury Rates: A Conundrum or Goodhart's Law? (JEL E43, E52)

by Daniel L. Thornton2007-039
(Sep 2007)

 Full text

Political Asymmetry and Common External Tariff in a Customs Union (JEL F13)

by Subhayu Bandyopadhyay, Sajal Lahiri, and Suryadipta Roy2007-038
(Sep 2007)

 Full text

The Optimal Inflation Target in an Economy with Limited Enforcement (JEL E31, E42, E58)

by Gaetano Antinolfi, Costas Azariadis, and James B. Bullard2007-037
(Sep 2007)

 Full text

Optimal Taxation with Imperfect Competition and Aggregate Returns to Specialization

by Javier Coto-Martínez, Carlos Garriga, and Fernando Sánchez-Losada2007-036
(Aug 2007)

 Full text

Optimal Fiscal Policy in the Design of Social Security Reforms (JEL E62, H21)

by Juan Carlos Conesa, and Carlos Garriga2007-035
(Aug 2007)

 Full text

Accounting for Changes in the Homeownership Rate

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-034
(Aug 2007)

 Full text

Incomplete Information and Self-fulfilling Prophecies

by Pengfei Wang, and Yi Wen2007-033
(Aug 2007)

 Full text

Jumps, Cojumps and Macro Announcements

by Jérôme Lahaye, Sébastien Laurent, and Christopher J. Neely2007-032
(Aug 2007)

 Full text

Earnings Functions When Wages and Prices Vary by Location (JEL J24, J31, R23)

by Dan Black, Natalia Kolesnikova, and Lowell J. Taylor2007-031
(Aug 2007)

 Full text

Managing International Portfolios with Small Capitalization Stocks

by Massimo Guidolin, and Giovanna Nicodano2007-030
(Aug 2007)

 Full text

Global Indeterminacy in Locally Determinate RBC Models (JEL C62, E13, E32)

by Tarek Coury, and Yi Wen2007-029
(Aug 2007)

 Full text

Comments on Orphanides and Williams' (JEL D8, E0)

by James B. Bullard2007-028
(Jun 2007)

 Full text

Learning and the Great Moderation (JEL D8, E3)

by James B. Bullard, and Aarti Singh2007-027
(Jun 2007)

 Full text

A Defense of the RBC Theory: Understanding the Puzzling Effects of Technology Shocks (JEL E31, E32, E52)

by Pengfei Wang, and Yi Wen2007-026
(Jun 2007)

 Full text

Monetary Policy and Natural Disasters in a DSGE Model: How Should the Fed Have Responded to Hurricane Katrina? (JEL E31, E32, E42)

by Benjamin D. Keen, and Michael R. Pakko2007-025
(Jun 2007)

 Full text

Trade and Child Labor: A General Equilibrium Analysis

by Subhayu Bandyopadhyay, and Sudeshna C. Bandyopadhyay2007-024
(May 2007)

 Full text

Foreign Aid and Export Performance: A Panel Data Analysis of Developing Countries (JEL F35, O24)

by Jonathan Munemo, Subhayu Bandyopadhyay, and Arabinda Basistha2007-023
(May 2007)

 Full text

Corruption and Trade Protection: Evidence from Panel Data (JEL F13, O24)

by Subhayu Bandyopadhyay, and Suryadipta Roy2007-022
(May 2007)

 Full text

Nash Equilibrium Tariffs and Illegal Immigration: An Analysis of Preferential Trade Liberalization (JEL F11, F22)

by Subhayu Bandyopadhyay, and Ryo Takashima2007-021
(May 2007)

 Full text

Monetary Policy and Stock Market Booms and Busts in the 20th Century (JEL E30, E52, G18, N10, N20)

by Michael D. Bordo, Michael J. Dueker, and David C. Wheelock2007-020
(May 2007)

 Full text

Multivariate Contemporaneous Threshold Autoregressive Models (JEL C32, G12)

by Michael J. Dueker, Zacharias Psaradakis, Martin Sola, and Fabio Spagnolo2007-019
(May 2007)

 Full text

Understanding the Puzzling Effects of Technology Shocks (JEL E31, E32, E52)

by Pengfei Wang, and Yi Wen2007-018
(Apr 2007)

 Full text

Affiliated Mutual Funds and Analyst Optimism (JEL G20, G24, G30)

by Simona Mola, and Massimo Guidolin2007-017
(Apr 2007)

 Full text

Mean-Variance vs. Full-Scale Optimization: Broad Evidence for the UK (JEL G11)

by Björn Hagströmer, Richard G. Anderson, Jane M. Binner, Thomas Elger, and Birger Nilsson2007-016
(Apr 2007)

 Full text

Supply Shocks, Demand Shocks, and Labor Market Fluctuations (JEL C32, E24, E32, J63)

by Helge Braun, Reinout De Bock, and Riccardo DiCecio2007-015
(Apr 2007)

 Full text

2006

Is There Too Little Immigration? (JEL F22, J61)

by Subhayu Bandyopadhyay, and Howard J. Wall2006-062
(Dec 2006)

 Full text

The Expectation Hypothesis of the Term Structure of Very Short-Term Rates: Statistical Tests and Economic Value (JEL E43, G10)

by Pasquale Della Corte, Lucio Sarno, and Daniel L. Thornton2006-061
(Nov 2006)

 Full text

Oil Dependence and Economic Instability (JEL E13, E20, E30)

by Luís Aguiar-Conraria, and Yi Wen2006-060
(Nov 2006)

 Full text

The Economic and Statistical Value of Forecast Combinations under Regime Switching: An Application to Predictable US Returns (JEL C32, C53, E44, G12)

by Massimo Guidolin, and Carrie Fangzhou Na2006-059
(Oct 2006)

 Full text

Strategic Online-Banking Adoption (JEL C41, G21, L10, O31)

by Roberto Fuentes, Rubén Hernández-Murillo, and Gerard Llobet2006-058
(Oct 2006)

 Full text

Controlling for Geographic Dispersion When Estimating the Japanese Phillips Curve (JEL E2, J6)

by Hiroshi Fujiki, and Howard J. Wall2006-057
(Oct 2006)

 Full text

The Economic Performance of Cities: A Markov-Switching Approach (JEL R11)

by Michael T. Owyang, Jeremy M. Piger, Howard J. Wall, and Christopher H. Wheeler2006-056
(Oct 2006)

 Full text

Trends in the Distributions of Income and Human Capital within Metropolitan Areas: 1980-2000 (JEL D31, J10, R23)

by Christopher H. Wheeler, and Elizabeth A. La Jeunesse2006-055
(Oct 2006)

 Full text

Forecasting Inflation and Output: Comparing Data-Rich Models with Simple Rules (JEL C32, C53, E37)

by William T. Gavin, and Kevin L. Kliesen2006-054
(Sep 2006)

 Full text

Regional Business Cycle Phases in Japan (JEL E32, R12)

by Howard J. Wall2006-053
(Sep 2006)

 Full text

The Great Inflation and Early Disinflation in Japan and Germany (JEL E52, E58, E64, E65)

by Edward Nelson2006-052
(Sep 2006)

 Full text

When Do Stock Market Booms Occur? The Macroeconomic and Policy Environments of 20th Century Booms (JEL E30, E52, G18, N10, N20)

by Michael D. Bordo, and David C. Wheelock2006-051
(Sep 2006)

 Full text

Analysis of Panel Vector Error Correction Models Using Maximum Likelihood, the Bootstrap, and Canonical-Correlation Estimators (JEL C13, C14, C15, C33)

by Richard G. Anderson, Hailong Qian, and Robert H. Rasche2006-050
(Aug 2006)

 Full text

Monetary Base (JEL A20, A30, E42)

by Richard G. Anderson2006-049
(Aug 2006)

 Full text

Are Traffic Tickets Countercyclical? (JEL D72, H72)

by Thomas A. Garrett, and Gary A. Wagner2006-048
(Aug 2006)

 Full text

Does Aggregate Relative Risk Aversion Change Countercyclically over Time? Evidence from the Stock Market (JEL C14, G12)

by Hui Guo, Zijun Wang, and Jian Yang2006-047
(Aug 2006)

 Full text

The Adaptive Markets Hypothesis: Evidence from the Foreign Exchange Market (JEL F31, G11, G14)

by Christopher J. Neely, Paul A. Weller, and Joshua M. Ulrich2006-046
(Aug 2006)

 Full text

Authorities' Beliefs about Foreign Exchange Intervention: Getting Back Under the Hood (JEL E58, F31, F42)

by Christopher J. Neely2006-045
(Jul 2006)

 Full text

Corporate Response to Distress: Evidence from the Asian Financial Crisis (JEL G33, G34)

by Mara Faccio, and Rajdeep Sengupta2006-044
(Jul 2006)

 Full text

Foreign Entry and Bank Competition (JEL D43, F36, G21)

by Rajdeep Sengupta2006-043
(Jul 2006)

 Full text

The Termination of Subprime Hybrid and Fixed Rate Mortgages (JEL D14, G21, R29)

by Anthony Pennington-Cross, and Giang Ho2006-042
(Jul 2006)

 Full text

Robust Non-parametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985-2004 (JEL C13, C14, G21)

by David C. Wheelock, and Paul Wilson2006-041
(Jun 2006)

 Full text

Worldwide Macroeconomic Stability and Monetary Policy Rules (JEL E52, F41, F42)

by James B. Bullard, and Aarti Singh2006-040
(Jun 2006)

 Full text

Neighborhood Income Inequality (JEL D31, J10, R23)

by Christopher H. Wheeler, and Elizabeth A. La Jeunesse2006-039
(Jun 2006)

 Full text

Monetary Policy, Determinacy, and Learnability in a Two-Block World Economy (JEL E58, E61, F31, F41)

by James B. Bullard, and Eric Schaling2006-038
(May 2006)

 Full text

Urban Decentralization and Income Inequality: Is Sprawl Associated with Rising Income Segregation Across Neighborhoods? (JEL D31, R11, R23)

by Christopher H. Wheeler2006-037
(May 2006)

 Full text

The Relation between Time-Series and Cross-Sectional Effects of Idiosyncratic Variance on Stock Returns in G7 Countries

by Hui Guo, and Robert Savickas2006-036
(May 2006)

 Full text

Inflation Risk and Optimal Monetary Policy (JEL E31, E32, E42)

by William T. Gavin, Benjamin D. Keen, and Michael R. Pakko2006-035
(May 2006)

 Full text

Why Do Analysts Continue to Provide Favorable Coverage for Seasoned Stocks? (JEL G20, G24, G30)

by Simona Mola, and Massimo Guidolin2006-034
(May 2006)

 Full text

Central Bank Intervention with Limited Arbitrage (JEL E58, F3, F31)

by Christopher J. Neely, and Paul A. Weller2006-033
(May 2006)

 Full text

Volatility, Growth, and Large Welfare Gains from Stabilization Policies (JEL E12, E32, O40)

by Pengfei Wang, and Yi Wen2006-032
(May 2006)

 Full text

Central Bank Intervention and Exchange Rate Volatility, Its Continuous and Jump Components

by Michel Beine, Jérôme Lahaye, Sébastien Laurent, Christopher J. Neely, and Franz C. Palm2006-031
(May 2006)

 Full text

U.K. Inflation Targeting and the Exchange Rate (JEL E31, E52, F41)

by Christopher Allsopp, Amit Kara, and Edward Nelson2006-030
(May 2006)

 Full text

Who Tames the Celtic Tiger? Portfolio Implications from a Multivariate Markov Switching Model

by Massimo Guidolin, and Stuart Hyde2006-029
(May 2006)

 Full text

Investing for the Long-Run in European Real Estate

by Carolina Fugazza, Massimo Guidolin, and Giovanna Nicodano2006-028
(May 2006)

 Full text

The Duration of Foreclosures in the Subprime Mortgage Market: A Competing Risks Model with Mixing

by Anthony Pennington-Cross2006-027
(Apr 2006)

 Full text

Spatial Hedonic Models of Airport Noise, Proximity, and Housing Prices

by Jeffrey P. Cohen, and Cletus C. Coughlin2006-026
(Apr 2006)

 Full text

Timing Transitions Between Determinate and Indeterminate Equilibria in an Empirical DSGE Model: Benefits and Implications

by Anatoliy Belaygorod, and Michael J. Dueker2006-025
(Apr 2006)

 Full text

Loan Servicer Heterogeneity and The Termination of Subprime Mortgages (JEL G12, G21, L23, L85)

by Anthony Pennington-Cross, and Giang Ho2006-024
(Apr 2006)

 Full text

Subprime Refinancing: Equity Extraction and Mortgage Termination (JEL D14, G21)

by Souphala Chomsisengphet, and Anthony Pennington-Cross2006-023
(Apr 2006)

 Full text

Predatory Lending Laws and the Cost of Credit (JEL C25, G21)

by Giang Ho, and Anthony Pennington-Cross2006-022
(Apr 2006)

 Full text

The Determinants of Aid in the Post-Cold War Era (JEL F35)

by Subhayu Bandyopadhyay, and Howard J. Wall2006-021
(Apr 2006)

 Full text

The Daily Liquidity Effect (JEL E40, E52)

by Daniel L. Thornton2006-020
(Apr 2006)

 Full text

Understanding Stock Return Predictability

by Hui Guo, and Robert Savickas2006-019
(Mar 2006)

 Full text

War and Pestilence as Labor Market Shocks: Manufacturing Wage Growth 1914-1919 (JEL I12, N32, N62, N92)

by Thomas A. Garrett2006-018
(Mar 2006)

 Full text

Imperfect Competition and Indeterminacy of Aggregate Output (JEL E31, E32)

by Pengfei Wang, and Yi Wen2006-017
(Mar 2006)

 Full text

Ireland and Switzerland: The Jagged Edges of the Great Inflation (JEL E31, E52, E64)

by Edward Nelson2006-016
(Mar 2006)

 Full text

Imperfect Competition and Sunspots (JEL E31, E32)

by Pengfei Wang, and Yi Wen2006-015
(Mar 2006)

 Full text

Why People Choose Negative Expected Return Assets - An Empirical Examination of a Utility Theoretic Explanation (JEL D80, G11)

by Thomas A. Garrett, and Nalinaksha Bhattacharyya2006-014
(Mar 2006)

 Full text

Inflation: Do Expectations Trump the Gap? (JEL C32, E31)

by Jeremy M. Piger, and Robert H. Rasche2006-013
(Mar 2006)

 Full text

The Transition to Electronic Trading in the Secondary Treasury Market (JEL C32, D4, G12, G14)

by Bruce Mizrach, and Christopher J. Neely2006-012
(Mar 2006)

 Full text

Demand Shocks and Economic Fluctuations (JEL E12, E13, E21, E22, E32)

by Yi Wen2006-011
(Mar 2006)

 Full text

Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences

by Bennett T. McCallum, and Edward Nelson2006-010
(Feb 2006)

 Full text

The Impact of Local Predatory Lending Laws on the Flow of Subprime Credit (JEL C25, G21)

by Giang Ho, and Anthony Pennington-Cross2006-009
(Feb 2006)

 Full text

Evaluating State Tax Revenue Variability: A Portfolio Approach (JEL G11, H71)

by Thomas A. Garrett2006-008
(Feb 2006)

 Full text

Equity Market Volatility and Expected Risk Premium (JEL E44, G12)

by Long Chen, Hui Guo, and Lu Zhang2006-007
(Jan 2006)

 Full text

Investigating the Intertemporal Risk-Return Relation in International Stock Markets with the Component GARCH Model

by Hui Guo, and Christopher J. Neely2006-006
(Jan 2006)

 Full text

Beyond the Numbers: An Analysis of Optimistic and Pessimistic Language in Earnings Press Releases (JEL G14, L25, M41)

by Angela K. Davis, Jeremy M. Piger, and Lisa M. Sedor2006-005
(Jan 2006)

 Full text

Aggregate Shocks and Labor Market Fluctuations (JEL C32, E24, E32, J63, Q1)

by Helge Braun, Reinout De Bock, and Riccardo DiCecio2006-004
(Jan 2006)

 Full text

Solving Linear Difference Systems with Lagged Expectations by a Method of Undetermined Coefficients (JEL C63, C68, E30, E40)

by Pengfei Wang, and Yi Wen2006-003
(Jan 2006)

 Full text

Regional VARs and the Channels of Monetary Policy (JEL E52, R12)

by Michael T. Owyang, and Howard J. Wall2006-002
(Jan 2006)

 Full text

2005

Inflation and Money: A Puzzle

by Peng-fei Wang, and Yi Wen2005-076
(Dec 2005)

 Full text

Small Caps in International Equity Portfolios: The Effects of Variance Risk (JEL C32, F30, G11, G12)

by Massimo Guidolin, and Giovanna Nicodano2005-075
(Dec 2005)

 Full text

Oligopoly and Outsourcing

by Subhayu Bandyopadhyay, and Howard J. Wall2005-074
(Dec 2005)

 Full text

Market Timing with Aggregate and Idiosyncratic Stock Volatilities (JEL G10, G12)

by Hui Guo, and Jason Higbee2005-073
(Dec 2005)

 Full text

Information and Drug Prices: Evidence from the Medicare Discount Drug Card Program (JEL D43, D83, I11, I18, L11, L13, L50)

by Emin M. Dinlersoz, Han Li, Roger Sherman, and Rubén Hernández-Murillo2005-072
(Nov 2005)

 Full text

The Practice Boundaries of Advanced Practice Nurses: An Economic and Legal Analysis (JEL C15, C35, K31)

by Michael J. Dueker, Stephen J. Spurr, Ada K. Jacox, and David E. Kalist2005-071
(Nov 2005)

 Full text

The Microstructure of Bond Market Tatonnement (JEL C32, D4, G12, G14)

by Bruce Mizrach, and Christopher J. Neely2005-070
(Nov 2005)

 Full text

Ethnic Networks and U.S. Exports (JEL F10, R10)

by Subhayu Bandyopadhyay, Cletus C. Coughlin, and Howard J. Wall2005-069
(Oct 2005)

 Full text

Heterogeneous Firms, Productivity and Poverty Traps (JEL L16, O11, O33, O40)

by Levon Barseghyan, and Riccardo DiCecio2005-068
(Oct 2005)

 Full text

Productivity Measurement and Monetary Policymaking During the 1990s

by Richard G. Anderson, and Kevin L. Kliesen2005-067
(Oct 2005)

 Full text

The Economic Effects of Violent Conflict: Evidence from Asset Market Reactions (JEL G14, P16)

by Massimo Guidolin, and Eliana La Ferrara2005-066
(Oct 2005)

 Full text

Human Capital Growth in a Cross Section of US Metropolitan Areas (JEL J24, R11, R12, R23)

by Christopher H. Wheeler2005-065
(Sep 2005)

 Full text

Creating a Policy Environment for Entrepreneurs (JEL J23, R12)

by Thomas A. Garrett, and Howard J. Wall2005-064
(Sep 2005)

 Full text

Open Market Operations and the Federal Funds Rate (JEL E43, E52)

by Daniel L. Thornton2005-063
(Sep 2005)

 Full text

Recent Developments in Monetary Macroeconomics and U.S. Dollar Policy (JEL E52, F33)

by William T. Gavin2005-062
(Sep 2005)

 Full text

Regional Disparities in the Spatial Correlation of State Income Growth (JEL C23, G28, R10)

by Thomas A. Garrett, Gary A. Wagner, and David C. Wheelock2005-061
(Aug 2005)

 Full text

Airport-Related Noise, Proximity, and Housing Prices in Atlanta (JEL L93, Q51, Q53, R31)

by Jeffrey P. Cohen, and Cletus C. Coughlin2005-060
(Aug 2005)

 Full text

Forecasts of US Short-term Interest Rates: A Flexible Forecast Combination Approach

by Massimo Guidolin, and Allan Timmerman2005-059
(Aug 2005)

 Full text

Kalman Filtering with Truncated Normal State Variables for Bayesian Estimation of Macroeconomic Models (JEL C32, C35, E37)

by Michael J. Dueker2005-057
(Jul 2005)

 Full text

Are the Dynamic Linkages Between the Macroeconomy and Asset Prices Time-Varying? (JEL C32, C52, E44, G12)

by Massimo Guidolin, and Sadayuki Ono2005-056
(Jul 2005)

 Full text

Cities and the Growth of Wages Among Young Workers: Evidence from the NLSY (JEL J24, R23)

by Christopher H. Wheeler2005-055
(Jul 2005)

 Full text

No Smoking at the Slot Machines: The Effects of Smoke-Free Laws on Gaming Revenues (JEL I18, L83)

by Michael R. Pakko2005-054
(Jun 2005)

 Full text

The 2001 Recession and the States of the 8th District (JEL E32, R12)

by Michael T. Owyang, Jeremy M. Piger, and Howard J. Wall2005-053
(Jun 2005)

 Full text

Another Look at Sticky Prices and Output Persistence (JEL E32, E41, E52)

by Peng-fei Wang, and Yi Wen2005-051
(Jun 2005)

 Full text

The Impact of Local Predatory Lending Laws (JEL C25, G21)

by Giang Ho, and Anthony Pennington-Cross2005-049
(Jun 2005)

 Full text

The Effectiveness of Monetary Policy (JEL E52)

by Robert H. Rasche, and Marcela M. Williams2005-048
(Jun 2005)

 Full text

Durable Good Inventories and the Volatility of Production: Explaining the Less Volatile U.S. Economy (JEL E22, E23, E32)

by Yi Wen2005-047
(Jun 2005)

 Full text

The Multiplier: A General Equilibrium Analysis of Multi-Stage-Fabrication Economy with Inventories (JEL E22, E23, E32)

by Yi Wen2005-046
(Jun 2005)

 Full text

Uniform Working Hours and Structural Unemployment (JEL E0, J6)

by Haoming Liu, Yi Wen, and Lijing Zhu2005-045
(Jun 2005)

 Full text

Production and Inventory Behavior of Capital (JEL E22, E23, E32)

by Yi Wen2005-044
(Jun 2005)

 Full text

By Force of Demand: Explaining International Comovements and the Saving-Investment Correlation Puzzle (JEL E13, E20, E32)

by Yi Wen2005-043
(Jun 2005)

 Full text

Understanding the Impact of Oil Shocks (JEL E22, E32, E37)

by Luís Aguiar-Conraria, and Yi Wen2005-042
(Jun 2005)

 Full text

Foreign Trade and Equilibrium Indeterminacy (JEL E13, E20, E30)

by Luís Aguiar-Conraria, and Yi Wen2005-041
(Jun 2005)

 Full text

On the Optimal Volume of Labor Hoarding (JEL E22, E24, E32)

by Yi Wen2005-040
(Jun 2005)

 Full text

Where's the Beef? The Trivial Dynamics of Real Business Cycle Models (JEL E13, E32)

by Yi Wen2005-039
(Jun 2005)

 Full text

Optimal Monetary Policy, Endogenous Sticky Prices and Multiplicity of Equilibria (JEL E52, E61)

by Levon Barseghyan, and Riccardo DiCecio2005-036
(Jun 2005)

 Full text

Comovement: it's not a puzzle. (JEL E20, E32, O41, O42)

by Riccardo DiCecio2005-035
(Jun 2005)

 Full text

International Asset Allocation under Regime Switching, Skew and Kurtosis Preferences (JEL C32, F30, G12)

by Massimo Guidolin, and Allan Timmerman2005-034
(Jun 2005)

 Full text

Local Market Scale and the Pattern of Job Changes Among Young Men (JEL J24, R23)

by Christopher H. Wheeler2005-033
(Jun 2005)

 Full text

A New Federal Funds Rate Target Series: September 27, 1982 - December 31, 1993 (JEL E40, E52)

by Daniel L. Thornton2005-032
(May 2005)

 Full text

A Dynamic Look at Subprime Loan Performance (JEL C25, G21)

by Michelle A. Danis, and Anthony Pennington-Cross2005-029
(May 2005)

 Full text

Smoke-free Law Did Affect Revenue From Gaming in Delaware (JEL I18, L83)

by Michael R. Pakko2005-028
(May 2005)

 Full text

Non-parametric, Unconditional Quantile Estimation for Efficiency Analysis with An Application to Federal Reserve Check Processing Operations

by David C. Wheelock, and Paul Wilson2005-027
(Apr 2005)

 Full text

Is Value Premium a Proxy for Time-Varying Investment Opportunities: Some Time Series Evidence (JEL G1)

by Hui Guo, Robert Savickas, Zijun Wang, and Jian Yang2005-026
(Apr 2005)

 Full text

A Specialized Inventory Problem in Banks: Optimizing Retail Sweeps (JEL D20, G21)

by Suresh K. Nair, and Richard G. Anderson2005-023
(Apr 2005)

 Full text

The U.K.'s Rocky Road to Stability (JEL E51, E52, E60, E65)

by Nicoletta Batini, and Edward Nelson2005-020
(Mar 2005)

 Full text

The Delinquency of Subprime Mortgages (JEL C25, G21)

by Michelle A. Danis, and Anthony Pennington-Cross2005-022
(Mar 2005)

 Full text

A Comparison of the Real-Time Performance of Business Cycle Dating Methods (JEL C22, E32)

by Marcelle Chauvet, and Jeremy M. Piger2005-021
(Mar 2005)

 Full text

Do Casinos Export Bankruptcy? (JEL D12, L83, R10)

by Thomas A. Garrett, and Mark W. Nichols2005-019
(Mar 2005)

 Full text

Sticky-Price Models and the Natural Rate Hypothesis

by Javier Andrés, J. David López-Salido, and Edward Nelson2005-018
(Mar 2005)

 Full text

Job Flows and Productivity Dynamics: Evidence from U.S. Manufacturing

by Christopher H. Wheeler2005-017
(Feb 2005)

 Full text

Technology and Industrial Agglomeration: Evidence from Computer Usage (JEL R11)

by Christopher H. Wheeler2005-016
(Feb 2005)

 Full text

Do Localization Economies Derive from Human Capital Externalities? (JEL R11)

by Christopher H. Wheeler2005-015
(Feb 2005)

 Full text

The Role of Data & Program Code Archives in the Future of Economic Research (JEL B4, C8)

by Richard G. Anderson, William H. Greene, Bruce D. McCullough, and H. D. Vinod2005-014
(Feb 2005)

 Full text

Home Bias and High Turnover in an Overlapping Generations Model with Learning (JEL D83, F3, G11)

by Massimo Guidolin2005-012
(Jan 2005)

 Full text

High Equity Premia and Crash Fears. Rational Foundations (JEL D83, G12)

by Massimo Guidolin2005-011
(Jan 2005)

 Full text

Predictable Dynamics in the S&P 500 Index Options Implied Volatility Surface (JEL G12, G13)

by Silvia Goncalves, and Massimo Guidolin2005-010
(Jan 2005)

 Full text

Properties of Equilibrium Asset Prices under Alternative Learning Schemes (JEL D83, G12)

by Massimo Guidolin, and Allan Timmerman2005-009
(Jan 2005)

 Full text

Modelling the MIB30 Implied Volatility Surface. Does Efficiency Matter? (JEL G12, G13)

by Gianluca Cassesse, and Massimo Guidolin2005-008
(Jan 2005)

 Full text

Size and Value Anomalies under Regime Shifts (JEL G12)

by Massimo Guidolin, and Allan Timmerman2005-007
(Jan 2005)

 Full text

Optimal Portfolio Choice under Regime Switching, Skew and Kurtosis Preferences (JEL G12)

by Massimo Guidolin2005-006
(Jan 2005)

 Full text

Pessimistic Beliefs under Rational Learning: Quantitative Implications for the Equity Premium Puzzle (JEL D83, G12)

by Massimo Guidolin2005-005
(Jan 2005)

 Full text

Diamonds Are Forever, Wars Are Not. Is Conflict Bad for Private Firms?

by Massimo Guidolin, and Eliana La Ferrara2005-004
(Jan 2005)

 Full text

An Econometric Model of Nonlinear Dynamics in the Joint Distribution of Stock and Bond Returns

by Massimo Guidolin, and Allan Timmerman2005-003
(Jan 2005)

 Full text

2004

Using Extraneous Information to Analyze Monetary Policy in Transition Economies (JEL C32, C33, E52, F41)

by William T. Gavin, and David M. Kemme2004-034
(Dec 2004)

 Full text

The Reform of October 1979: How It Happened and Why (JEL E52, E58, E61, E65)

by David E. Lindsey, Athanasios Orphanides, and Robert H. Rasche2004-033
(Dec 2004)

 Full text

The Importance of Nonlinearity in Reproducing Business Cycle Features (JEL E32, E37)

by James Morley and Jeremy M. Piger2004-032
(Nov 2004)

 Full text

The Case for Foreign Exchange Intervention: The Government as a Long-term Speculator

by Christopher J. Neely2004-031
(Nov 2004)

 Full text

Non-Markovian Regime Switching with Endogenous States and Time-Varying State Strengths (JEL C22, C25, F42)

by Siddhartha Chib and Michael J. Dueker2004-030
(Nov 2004)

 Full text

Is Foreign Exchange Delta Hedging Risk Priced? (JEL F31, G15)

by Hui Guo and Christopher J. Neely2004-029
(Nov 2004)

 Full text

International Transmission of Inflation among G-7 Countries: A Data-Determined VAR Analysis (JEL C32, G15)

by Jian Yang, Hui Guo and Zijun Wang2004-028
(Nov 2004)

 Full text

Aggregate Idiosyncratic Volatility in G7 Countries (JEL G1)

by Hui Guo and Robert Savickas2004-027
(Nov 2004)

 Full text

The Monetary Instrument Matters (JEL E31, E32, E42)

by William T. Gavin, Benjamin D. Keen and Michael R. Pakko2004-026
(Nov 2004)

 Full text

Near-Rational Exuberance (JEL E52, E61)

by James B. Bullard, George W. Evans and Seppo Honkapohja2004-025
(Oct 2004)

 Full text

Productivity and the Geographic Concentration of Industry: The Role of Plant Scale (JEL J31, R12, R23)

by Christopher H. Wheeler2004-024
(Sep 2004)

 Full text

Industry Localization and Earnings Inequality: Evidence from U.S. Manufacturing (JEL J31, R11)

by Christopher H. Wheeler2004-023
(Sep 2004)

 Full text

The Value of Foreclosed Property (JEL D83, G21, R31)

by Anthony Pennington-Cross2004-022
(Sep 2004)

 Full text

Worker Turnover, Industry Localization, and Producer Size

by Christopher H. Wheeler2004-021
(Sep 2004)

 Full text

Cities, Skills, and Inequality (JEL J31, R23)

by Christopher H. Wheeler2004-020
(Sep 2004)

 Full text

Do Productivity Growth, Budget Deficits, And Monetary Policy Actions Affect Real Interest Rates? Evidence From Macroeconomic Announcement Data (JEL E43, E52, E62)

by Kevin L. Kliesen and Frank A. Schmid2004-019
(Sep 2004)

 Full text

Monetary Policy Actions and the Incentive to Invest

by William R. Emmons and Frank A. Schmid2004-018
(Aug 2004)

 Full text

Monetary Policy, Taxes and the Business Cycle (JEL E31, E32, E42)

by William T. Gavin, Finn E. Kydland and Michael R. Pakko2004-017
(Aug 2004)

 Full text

Learning and Structural Change in Macroeconomic Data (JEL E2, E3)

by James B. Bullard and John Duffy2004-016
(Aug 2004)

 Full text

When Did the FOMC Begin Targeting the Federal Funds Rate? What the Verbatim Transcripts Tell Us (JEL E40, E52)

by Daniel L. Thornton2004-015
(Aug 2004)

 Full text

A Bayesian Approach to Counterfactual Analysis with an Application to the Volatility Reduction in U.S. Real GDP (JEL C11, C32, E32)

by Chang-Jin Kim, James Morley and Jeremy M. Piger2004-014
(Jul 2004)

 Full text

A Dynamic Factor Analysis of the Response of U. S. Interest Rates to News

by Marco Lippi and Daniel L. Thornton2004-013
(Jul 2004)

 Full text

Racial Profiling or Racist Policing?: Bounds Tests in Aggregate Data (JEL C14, D10, K42)

by Rubén Hernández-Murillo and John Knowles2004-012
(Jun 2004)

 Full text

Targeting vs. Instrument Rules for Monetary Policy

by Bennett T. McCallum and Edward Nelson2004-011
(Jun 2004)

 Full text

Predictions of Short-Term Rates and the Expectations Hypothesis of the Term Structure of Interest Rates (JEL E40, E52)

by Daniel L. Thornton2004-010
(Jun 2004)

 Full text

The Diffusion of Electronic Business in the U.S.

by Emin M. Dinlersoz and Rubén Hernández-Murillo2004-009
(Jun 2004)

 Full text

Monetary Policy Neglect and the Great Inflation in Canada, Australia, and New Zealand (JEL E31, E52, E58, E64)

by Edward Nelson2004-008
(Apr 2004)

 Full text

Inflation-Targeting, Price-Path Targeting and Indeterminacy (JEL C62, E52)

by Robert Dittmar and William T. Gavin2004-007
(Mar 2004)

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A Steady-State Approach to Trend/Cycle Decomposition (JEL C15, C22, E32)

by James Morley and Jeremy M. Piger2004-006
(Mar 2004)

 Full text

The Information Content of Regional Employment Data for Forecasting Aggregate Conditions (JEL C21, C53)

by Rubén Hernández-Murillo and Michael T. Owyang2004-005
(Mar 2004)

 Full text

When For-Profits and Not-For-Profits Compete: Theory and Empirical Evidence from Retail Banking (JEL G21, L13, L31)

by William R. Emmons and Frank A. Schmid2004-004
(Feb 2004)

 Full text

Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium

by Javier Andrés, J. David López-Salido and Edward Nelson2004-003
(Feb 2004)

 Full text

What Explains the Varying Monetary Response to Technology Shocks in G-7 Countries? (JEL C32, E2, E52)

by Neville Francis, Michael T. Owyang and Athena T. Theodorou2004-002
(Feb 2004)

 Full text

The Great Inflation of the Seventies: What Really Happened?

by Edward Nelson2004-001
(Jan 2004)

 Full text

2003

A Spatial Analysis of State Banking Regulation (JEL C23, G28, R10)

by Thomas A. Garrett, Gary A. Wagner and David C. Wheelock2003-044
(Dec 2003)

 Full text

Nonlinear Hedonics and the Search for School District Quality (JEL C21, I20, R21)

by Abbigail Chiodo, Rubén Hernández-Murillo and Michael T. Owyang2003-039
(Nov 2003)

 Full text

Searching For Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage (JEL E24, J32, J41, J63, J64)

by Leora Friedberg, Michael T. Owyang and Tara M. Sinclair2003-038
(Nov 2003)

 Full text

 


 
 
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