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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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We work to support a safe and sound financial system and foster an efficient and accessible payments system.
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We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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We share research, data and resources and regularly engage regional leaders and policymakers to understand and address community‑specific economic issues.
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Working Papers

December 2005, No. 05-13

Optimal Wealth Taxes with Risky Human Capital

Borys Grochulski and Tomasz Piskorski

December 2005, No. 05-12

A Quantitative Study of the Role of Wealth Inequality on Asset Prices

Juan Carlos Hatchondo

November 2005, No. 05-11

Firms as Clubs in Walrasian Markets with Private Information: Technical Appendix

Edward S. Prescott and Robert Townsend

October 2005, No. 05-10

Avoiding the Inflation Tax

Huberto M. Ennis

September 2005, No. 05-9

A Quantitative Theory of the Gender Gap in Wages

Andrés Erosa, Luisa Fuster and Diego Restuccia

August 2005, No. 05-8

A General Equilibrium Analysis of Parental Leave Policies

Andrés Erosa, Luisa Fuster and Diego Restuccia

September 2005, No. 05-7

Asymmetric Information and the Lack of International Portfolio Diversification

Juan Carlos Hatchondo

August 2005, No. 05-6

The Value of Information with Heterogeneous Agents and Partially Revealing Prices

Juan Carlos Hatchondo

July 2005, No. 05-5

Should the FDIC Worry about the FHLB? The Impact of Federal Home Loan Bank Advances on the Bank Insurance Fund

Rosalind L. Bennett, Mark D. Vaughan and Timothy J. Yeager

July 2005, No. 05-4R

A Theory of Political Cycles (Revised: Dec. 2008)

Leonardo Martinez

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