Research

Working Papers

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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)
14-19
December 2014
Modeling Labor Markets in Macroeconomics: Search and Matching Thomas A. Lubik
Michael U. Krause
14-18
October 2014
Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories Marianna Kudlyak
Fabian Lange
14-17
October 2014
Price Dynamics with Customer Markets Luigi Paciello
Andrea Pozzi
Nicholas Trachter
14-16
September 2014
The Complexity of CEO Compensation Arantxa Jarque
14-15
August 2014
Learning and Life Cycle Patterns of Occupational Transitions Aspen Gorry
Devon Gorry
Nicholas Trachter
14-14
July 2014
A Simple General Equilibrium Model of Large Excess Reserves Huberto M. Ennis
14-13
June 2014
Labor-Market Uncertainty and Portfolio Choice Puzzles Yongsung Chang
Jay H. Hong
Marios Karabarbounis
14-12
May 2014
The Intensity of Job Search and Search Duration R. Jason Faberman
Marianna Kudlyak
14-11R
April 2014
Young Unskilled Women and the Earned Income Tax Credit: Insurance Without Disincentives? (Revised July 2014) Kartik B. Athreya
Devin Reilly
Nicole B. Simpson
14-10
April 2014
Drifts, Volatilities, and Impulse Responses Over the Last Century Pooyan Amir-Ahmadi
Christian Matthes
Mu-Chun Wang
14-09R
April 2014
Payment Choice and the Future of Currency: Insights from Two Billion Retail Transactions (Revised October 2014) Zhu Wang
Alexander L. Wolman
14-08
March 2014
Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search Guido Menzio
Nicholas Trachter
14-07
March 2014
Optimized Taylor Rules for Disinflation When Agents are Learning Timothy Cogley
Christian Matthes
Argia M. Sbordone
14-06R
March 2014
What Inventory Behavior Tells Us About How Business Cycles Have Changed (Revised August 2014) Thomas A. Lubik
Pierre-Daniel G. Sarte
Felipe Schwartzman
14-05
March 2014
Asset Trading and Valuation with Uncertain Exposure Juan Carlos Hatchondo
Per Krusell
Martin Schneider
14-04R
March 2014
Does Redistribution Increase Output? The Centrality of Labor Supply (Revised May 2015) Kartik B. Athreya
Andrew Owens
Felipe Schwartzman
14-03
February 2014
Stepping Stone and Option Value in a Model of Postsecondary Education Nicholas Trachter
14-02
February 2014
Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation Thomas A. Lubik
Christian Matthes
14-01
January 2014
Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data Olivier Coibion
Yuriy Gorodnichenko
Marianna Kudlyak
John Mondragon
Paper Title Author(s)
13-19R
November 2013
mREITs and Their Risks (Revised December 2013) Sabrina R. Pellerin
Steven Sabol
John R. Walter
13-18
November 2013
The Credibility of Exchange Rate Pegs and Bank Distress in Historical Perspective: Lessons from the National Banking Era Scott Fulford
Felipe Schwartzman
13-17
October 2013
State Dependent Monetary Policy Nicholas Trachter
Francesco Lippi
Stefania Ragni
13-16
October 2013
The Shifting and Twisting Beveridge Curve: An Aggregate Perspective Thomas A. Lubik
13-15
October 2013
Learning about Fiscal Policy and the Effects of Policy Uncertainty Christian Matthes
Josef Hollmayr
13-14R
September 2013
The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy (Revised November 2014) Pierre-Daniel G. Sarte
Esteban Rossi-Hansberg
Fernando Parro
Lorenzo Caliendo
13-13R
September 2013
A Road Map for Efficiently Taxing Heterogeneous Agents (Revised July 2014) Marios Karabarbounis
13-12
August 2013
The Time-Varying Beveridge Curve Luca Benati
Thomas A. Lubik
13-11
August 2013
Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model David L. Fuller
Marianna Kudlyak
Damba Lkhagvasuren
13-10R
August 2013
Internet Banking: An Exploration in Technology Diffusion and Impact (Revised August 2014) Richard Sullivan
Zhu Wang
13-09R
August 2013
Are Young Borrowers Bad Borrowers? (Revised June 2014) Peter Debbaut
Andra C. Ghent
Marianna Kudlyak
13-08
July 2013
Sudden Stops, Time Inconsistency, and the Duration of Sovereign Debt Juan Carlos Hatchondo
Leonardo Martinez
13-07R
July 2013
A Monetarist Critique of ECB Monetary Policy in the Great Recession (Revised February 2015) Robert L. Hetzel
13-06R
May 2013
Demand Externalities and Price Cap Regulation: Learning from the U.S. Debit Card Market (Revised July 2014) Zhu Wang
13-05R
May 2013
Market-based Incentives (Revised December 2013) Borys Grochulski
Yuzhe Zhang
13-04R
April 2013
Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry (Revised August 2014) Luis Cabral
Zhu Wang
Daniel Yi Xu
13-03
March 2013
Banker Compensation and Bank Risk Taking: The Organizational Economics View Arantxa Jarque
Edward S. Prescott
13-02R
March 2013
The College Premium, College Noncompletion, and Human Capital Investment Kartik B. Athreya
Janice Eberly
13-01R
February 2013
International Reserves and Rollover Risk Javier Bianchi
Juan Carlos Hatchondo
Leonardo Martinez
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