Research

Working Papers

The following papers were written by Richmond Fed economists, in some cases in collaboration with outside economists. They represent work prepared for later publication or presentation to professional meetings. They are circulated in this series for purposes of discussion and comment only.

 
Paper Title Author(s)
09-13
October 2009
On the Cyclicality of the Interest Rate in Emerging Economy Models: Solution Methods Matter Juan Carlos Hatchondo
Leonardo Martinez
Horacio Sapriza
09-12
September 2009
The Cyclicality of the User Cost of Labor with Search and Matching Marianna Kudlyak
09-11
August 2009
Are Harsh Penalties for Default Really Better? Kartik B. Athreya
Xuan S. Tam
Eric R. Young
09-10
July 2009
Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States Andra C. Ghent
Marianna Kudlyak
09-9
June 2009
Unemployment Insurance with a Hidden Labor Market Fernando Álvarez-Parra
Juan M. Sanchez
09-8
May 2009
The Consolidation of Financial Market Regulation: Pros, Cons, and Implications for the United States Sabrina R. Pellerin
John R. Walter
Patricia E. Wescott
09-7
April 2009
Assessing the Effectiveness of the Paulson "Teaser Freezer" Plan: Evidence from the ABX Index Eliana Balla
Robert E. Carpenter
Breck Robinson
09-6
April 2009
On the Implementation of Markov-Perfect Interest Rate and Money Supply Rules: Global and Local Uniqueness Michael Dotsey
Andreas Hornstein
09-5
April 2009
Credit and Self-Employment Kartik B. Athreya
Ahmet Akyol
09-4
April 2009
The Role of Information in the Rise in Consumer Bankruptcies Juan M. Sanchez
09-3
April 2009
Notes on Collateral Constraints in a Simple Model of Housing Andreas Hornstein
09-2
March 2009
The Optimal Rate of Inflation with Trending Relative Prices Alexander L. Wolman
09-1
February 2009
Fiscal Policy and Default Risk in Emerging Markets Gabriel Cuadra
Juan M. Sanchez
Horacio Sapriza
Paper Title Author(s)
06-13
December 2006
Risky Human Capital and Deferred Capital Income Taxation Borys Grochulski
Tomasz Piskorski
06-12
November 2006
Market-Based Regulation and the Informational Content of Prices Philip Bond
Itay Goldstein
Edward S. Prescott
06-11
December 2006
Computing Business Cycles in Emerging Economy Models Juan Carlos Hatchondo
Leonardo Martinez
Horacio Sapriza
06-10
November 2006
Technology-Policy Interaction in Frictional Labor Markets Andreas Hornstein
Per Krusell
Giovanni L. Violante
06-9
September 2006
The Political Economy of Labor Subsidies Marina Azzimonti
Eva de Francisco
Per Krusell
06-8
September 2006
Technical Appendix for "Frictional Wage Dispersion in Search Models: A Quantitative Assessment" Andreas Hornstein
Per Krusell
Giovanni L. Violante
06-7
September 2006
Frictional Wage Dispersion in Search Models: A Quantitative Assessment Andreas Hornstein
Per Krusell
Giovanni L. Violante
06-6
August 2006
Understanding How Employment Responds to Productivity Shocks in a Model with Inventories Yongsung Chang
Andreas Hornstein
Pierre-Daniel G. Sarte
06-5
May 2006
The Lucas Critique and the Stability of Empirical Models Thomas A. Lubik
Paolo Surico
06-4
May 2006
Home Production Yongsung Chang
Andreas Hornstein
06-3
May 2006
Nontraded Goods, Market Segmentation, and Exchange Rates Michael Dotsey
Margarida Duarte
06-2
February 2006
On the Aggregate and Distributional Implications of Productivity Differences across Countries Andrés Erosa
Tatyana Koreshkova
Diego Restuccia
06-1R
January 2006
Reputation, Career Concerns, and Job Assignments (Revised Apr. 2009) Leonardo Martinez
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