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April 2018, No. 18-11
Asset Pledgeability and Endogenously Leveraged BubblesJulien Bengui and Toan Phan
March 2018, No. 18-09
Temperature and Growth: A Panel Analysis of the United StatesRiccardo Colacito, Bridget Hoffman and Toan Phan
March 2018, No. 18-08
The Fed's Discount Window: An Overview of Recent DataFelix P. Ackon and Huberto M. Ennis
February 2018, No. 18-06
On the Measurement of Large Financial Firm ResolvabilityArantxa Jarque, John R. Walter and Jackson Evert
February 2018, No. 18-04
Regional Consumption Responses and the Aggregate Fiscal MultiplierBill Dupor, Marios Karabarbounis, Marianna Kudlyak and M. Saif Mehkari
February 2018, No. 18-03
The Costs of (sub)Sovereign Default Risk: Evidence from Puerto RicoAnusha Chari, Ryan Leary and Toan Phan
December 2017, No. 17-15
Understanding the Size of the Government Spending Multiplier: It's in the SignRegis Barnichon and Christian Matthes
November 2017, No. 17-14
The Persistence of Financial DistressKartik B. Athreya, Jose Mustre-del-Rio and Juan M. Sanchez
October 2017, No. 17-13
Asset Issuance in Over-the-Counter MarketsZachary Bethune, Bruno Sultanum and Nicholas Trachter
October 2017, No. 17-12
Global Dynamics in a Search and Matching Model of the Labor MarketNika Lazaryan and Thomas A. Lubik
October 2017, No. 17-11
Optimal Incentive Contracts with Job Destruction RiskBorys Grochulski, Russell Wong and Yuzhe Zhang
May 2017, No. 17-08
Real Rates and Consumption Smoothing in a Low Interest Rate Environment: The Case of JapanJonathon Lecznar and Thomas A. Lubik
May 2017, No. 17-07
An Estimated Structural Model of Entrepreneurial BehaviorJohn Bailey Jones and Sangeeta Pratap
April 2017, No. 17-06
A Tractable Model of Monetary Exchange with Ex-Post HeterogeneityGuillaume Rocheteau, Pierre-Olivier Weill and Russell Wong
March 2017, No. 17-05
Should Platforms be Allowed to Charge Ad Valorem Fees?Zhu Wang and Julian Wright
February 2017, No. 17-03
Health, Health Insurance, and Retirement: A SurveyEric French and John Bailey Jones
February 2017, No. 17-04
Rethinking DetroitRaymond E. Owens, Esteban Rossi-Hansberg and Pierre-Daniel G. Sarte
January 2017, No. 17-02R
The Effects of Collecting Income Taxes on Social Security Benefits (Revised September 2017)John Bailey Jones and Yue Li
December 2016, No. 16-16
Private Information in Over-the-Counter MarketsZachary Bethune, Bruno Sultanum and Nicholas Trachter
November 2016, No. 16-15
Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market DisruptionsRegis Barnichon, Christian Matthes and Alexander Ziegenbein
October 2016, No. 16-14R
Optimal Contracts with Reflection (Revised December 2017)Borys Grochulski and Yuzhe Zhang
October 2016, No. 16-13R
Estimating Matching Efficiency with Variable Search Effort (Revised December 2016)September 2016, No. 16-12
Bankruptcy and Delinquency in a Model of Unsecured DebtKartik B. Athreya, Juan M. Sanchez, Xuan S. Tam and Eric R. Young
September 2016, No. 16-11R
A Proposal to Clarify the Objectives and Strategy of Monetary Policy (Revised January 2017)August 2016, No. 16-09
Choosing Prior HyperparametersPooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang
July 2016, No. 16-08
Gaussian Mixture Approximations of Impulse Responses and the Nonlinear Effects of Monetary ShocksRegis Barnichon and Christian Matthes
June 2016, No. 16-07
In the Eye of a Storm: Manhattan's Money Center Banks during the International Financial Crisis of 1931Gary Richardson and Patrick Van Horn
June 2016, No. 16-06
Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve SystemCharles W. Calomiris, Matthew Jaremski, Haelim Park and Gary Richardson
March 2016, No. 16-05R
Revisiting the Behavior of Small and Large Firms during the 2008 Financial Crisis (Revised December 2016)March 2016, No. 16-03
Network Contagion and Interbank Amplification during the Great DepressionKris James Mitchener and Gary Richardson
January 2016, No. 16-02
Relative Price Dispersion: Evidence and TheoryGreg Kaplan, Guido Menzio, Leena Rudanko and Nicholas Trachter
January 2016, No. 16-01
Money, Banking, and Monetary Policy from the Formation of the Federal Reserve until TodayRobert L. Hetzel and Gary Richardson
November 2015, No. 15-15
On the Distribution of College Dropouts: Wealth and Uninsurable Idiosyncratic RiskAli K. Ozdagli and Nicholas Trachter
November 2015, No. 15-14R
Intergenerational Linkages in Household Credit (Revised December 2016)Andra C. Ghent and Marianna Kudlyak
November 2015, No. 15-13
Measurement Errors and Monetary Policy: Then and NowPooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang
September 2015, No. 15-12R
Optimal Liquidity Regulation With Shadow Banking (Revised November 2017)Borys Grochulski and Yuzhe Zhang
September 2015, No. 15-11
Tales of Transition Paths: Policy Uncertainty and Random WalksChristian Matthes and Josef Hollmayr
September 2015, No. 15-10
Approximating Time Varying Structural Models With Time Invariant StructuresFabio Canova, Filippo Ferroni and Christian Matthes
August 2015, No. 15-09
Learning About Consumer Uncertainty from Qualitative Surveys: As Uncertain As EverSantiago Pinto, Pierre-Daniel G. Sarte and Robert Sharp
June 2015, No. 15-08R
Innovation, Deregulation, and the Life Cycle of a Financial Service Industry (Revised March 2017)Fumiko Hayashi, Bin Grace Li and Zhu Wang
June 2015, No. 15-07R
Stock Market Participation: The Role of Human Capital (Revised February 2018)Kartik B. Athreya, Felicia Ionescu and Urvi Neelakantan
June 2015, No. 15-06
Optimal Banking Contracts and Financial FragilityHuberto M. Ennis and Todd Keister
May 2015, No. 15-05
Did the Financial Reforms of the Early 1990s Fail? A Comparison of Bank Failures and FDIC Losses in the 1986-92 and 2007-13 PeriodsMarch 2015, No. 15-03
Discussion on "Scarcity of Safe Assets, Inflation, and the Policy Trap" by Andolfatto and WilliamsonFebruary 2015, No. 15-02
Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental ExaminationDouglas Davis and Edward S. Prescott
January 2015, No. 15-01
Equilibrium Price Dispersion Across and Within StoresGuido Menzio and Nicholas Trachter
December 2014, No. 14-19
Modeling Labor Markets in Macroeconomics: Search and MatchingThomas A. Lubik and Michael U. Krause
October 2014, No. 14-18
Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status HistoriesMarianna Kudlyak and Fabian Lange
October 2014, No. 14-17
Price Dynamics with Customer MarketsLuigi Paciello, Andrea Pozzi and Nicholas Trachter
August 2014, No. 14-15
Learning and Life Cycle Patterns of Occupational TransitionsAspen Gorry, Devon Gorry and Nicholas Trachter
June 2014, No. 14-13R
Labor-Market Uncertainty and Portfolio Choice Puzzles (Revised July 2017)Yongsung Chang, Jay H. Hong and Marios Karabarbounis
May 2014, No. 14-12R
The Intensity of Job Search and Search Duration (Revised July 2016)R. Jason Faberman and Marianna Kudlyak
April 2014, No. 14-11R
Young Unskilled Women and the Earned Income Tax Credit: Insurance Without Disincentives? (Revised July 2014)Kartik B. Athreya, Devin Reilly and Nicole B. Simpson
April 2014, No. 14-10
Drifts, Volatilities, and Impulse Responses Over the Last CenturyPooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang
April 2014, No. 14-09R
Payment Choice and Currency Use: Insights from Two Billion Retail Transactions (Revised September 2016)March 2014, No. 14-08
Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential SearchGuido Menzio and Nicholas Trachter
March 2014, No. 14-07
Optimized Taylor Rules for Disinflation When Agents are LearningTimothy Cogley, Christian Matthes and Argia M. Sbordone
March 2014, No. 14-06R
What Inventory Behavior Tells Us About How Business Cycles Have Changed (Revised May 2015)March 2014, No. 14-05
Asset Trading and Valuation with Uncertain ExposureJuan Carlos Hatchondo, Per Krusell and Martin Schneider
March 2014, No. 14-04R
Does Redistribution Increase Output? The Centrality of Labor Supply (Revised December 2016)Kartik B. Athreya, Andrew Owens and Felipe F. Schwartzman
February 2014, No. 14-03
Stepping Stone and Option Value in a Model of Postsecondary EducationFebruary 2014, No. 14-02
Indeterminacy and Learning: An Analysis of Monetary Policy in the Great InflationJanuary 2014, No. 14-01
Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household DataOlivier Coibion, Yuriy Gorodnichenko, Marianna Kudlyak and John Mondragon
November 2013, No. 13-19R
mREITs and Their Risks (Revised December 2013)Sabrina R. Pellerin, Steven Sabol and John R. Walter
November 2013, No. 13-18R
The Benefits of Commitment to a Currency Peg: The Gold Standard, National Banks, and the 1896 U.S. Presidential Election (Revised March 2017)Scott Fulford and Felipe F. Schwartzman
October 2013, No. 13-17
State Dependent Monetary PolicyNicholas Trachter, Francesco Lippi and Stefania Ragni
October 2013, No. 13-16
The Shifting and Twisting Beveridge Curve: An Aggregate PerspectiveOctober 2013, No. 13-15
Learning about Fiscal Policy and the Effects of Policy UncertaintyChristian Matthes and Josef Hollmayr
September 2013, No. 13-14R
The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy (Revised July 2017)Pierre-Daniel G. Sarte, Esteban Rossi-Hansberg, Fernando Parro and Lorenzo Caliendo
September 2013, No. 13-13R
A Road Map for Efficiently Taxing Heterogeneous Agents (Revised June 2015)August 2013, No. 13-11
Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector ModelDavid L. Fuller, Marianna Kudlyak and Damba Lkhagvasuren
August 2013, No. 13-10R
Internet Banking: An Exploration in Technology Diffusion and Impact (Revised November 2017)Richard Sullivan and Zhu Wang
August 2013, No. 13-09R
Are Young Borrowers Bad Borrowers? (Revised June 2014)Peter Debbaut, Andra C. Ghent and Marianna Kudlyak
July 2013, No. 13-08
Sudden Stops, Time Inconsistency, and the Duration of Sovereign DebtJuly 2013, No. 13-07R
Can Monetarists Explain Recession in the Eurozone? (Revised August 2015)May 2013, No. 13-06R
Price Cap Regulation in a Two-sided Market: Intended and Unintended Consequences (Revised December 2015)April 2013, No. 13-04R
Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry (Revised January 2018)Luis Cabral, Zhu Wang and Daniel Yi Xu
March 2013, No. 13-03
Banker Compensation and Bank Risk Taking: The Organizational Economics ViewMarch 2013, No. 13-02R
Risk, the College Premium, and Aggregate Human Capital Investment (Revised November 2016)Kartik B. Athreya and Janice Eberly
February 2013, No. 13-01R
International Reserves and Rollover RiskJavier Bianchi, Juan Carlos Hatchondo and Leonardo Martinez
December 2012, No. 12-09R
Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models (Revised September 2015)Carlos Carvalho and Felipe F. Schwartzman
November 2012, No. 12-08R
Ad-valorem platform fees, indirect taxes and efficient price discrimination (Revised August 2016)Zhu Wang and Julian Wright
October 2012, No. 12-06
The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and UsageJames McAndrews and Zhu Wang
August 2012, No. 12-05
Large Excess Reserves in the U.S.: A View from the Cross-Section of BanksJune 2012, No. 12-04
Accounting for Unemployment in the Great Recession: Nonparticipation MattersApril 2012, No. 12-03R
Systematic Job Search: New Evidence from Individual Job Application Data (Revised September 2014)Marianna Kudlyak, Damba Lkhagvasuren and Roman Sysuyev
April 2012, No. 12-02
Sales, Inventories, and Real Interest Rates: A Century of Stylized FactsLuca Benati and Thomas A. Lubik
March 2012, No. 12-01
Fiscal Rules and the Sovereign Default PremiumJuan Carlos Hatchondo, Leonardo Martinez and Francisco Roch
December 2011, No. 11-09
Loan Loss Reserves, Accounting Constraints, and Bank Ownership StructureEliana Balla and Morgan J. Rose
November 2011, No. 11-08
Deep Habits in the New Keynesian Phillips CurveThomas A. Lubik and Wing Leong Teo
October 2011, No. 11-06
Loan Guarantees for Consumer Credit MarketsKartik B. Athreya, Xuan S. Tam and Eric R. Young
September 2011, No. 11-05R
Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model (Revised February 2014)August 2011, No. 11-04R
Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea (Revised August 2013)June 2011, No. 11-03R
Discretionary Monetary Policy in the Calvo Model (Revised March 2017)Willem Van Zandweghe and Alexander L. Wolman
March 2011, No. 11-01R
An Experimental Analysis of Contingent Capital Triggering Mechanisms (Revised Oct. 2011)Douglas Davis, Edward S. Prescott and Oleg Korenok
October 2010, No. 10-16R
Deferred Pay for Bank Employees: Implications of Hidden Actions with Persistent Effects in Time (Revised September 2015)October 2010, No. 10-15R
Time to Produce and Emerging Market Crises (Revised July 2012)June 2010, No. 10-12
On the Job Search and the Cyclical Dynamics of the Labor MarketMichael U. Krause and Thomas A. Lubik
June 2010, No. 10-11
The Role of Non-Owner-Occupied Homes in the Current Housing and Foreclosure CycleBreck Robinson and Richard M. Todd
May 2010, No. 10-10
Housing Default: Theory Works and So Does PolicyAllen C. Goodman and Brent C Smith
May 2010, No. 10-09
Learning About Informational Rigidities from Sectoral Data and Diffusion IndicesMay 2010, No. 10-08R
Debt Dilution and Sovereign Default Risk (Revised February 2012)Juan Carlos Hatchondo, Leonardo Martinez and Cesar Sosa Padilla
April 2010, No. 10-07R
Over-the-Counter Loans, Adverse Selection, and Stigma in the Interbank Market (Revised February 2012)April 2010, No. 10-06
Assessing the Effectiveness of the Paulson "Teaser Freezer" Plan: Evidence from the ABX IndexEliana Balla, Robert E. Carpenter and Breck Robinson
April 2010, No. 10-05
Quantifying the Impact of Financial Development on Economic DevelopmentJeremy Greenwood, Juan M. Sanchez and Cheng Wang
March 2010, No. 10-04
Quantitative Properties of Sovereign Default Models: Solution Methods MatterJuan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
March 2010, No. 10-03R
How Large Has the Federal Financial Safety Net Become? (Revised February 2013)Nadezhda Malysheva and John R. Walter
March 2010, No. 10-02
Residential Mortgage Default: The Roles of House Price Volatility, Euphoria and the Borrower's Put OptionWayne R. Archer and Brent C Smith
February 2010, No. 10-01
Inventories, Inflation Dynamics, and the New Keynesian Phillips CurveThomas A. Lubik and Wing Leong Teo
October 2009, No. 09-13
On the Cyclicality of the Interest Rate in Emerging Economy Models: Solution Methods MatterJuan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
September 2009, No. 09-12R
The Cyclicality of the User Cost of Labor (Revised: March 2013)August 2009, No. 09-11
Are Harsh Penalties for Default Really Better?Kartik B. Athreya, Xuan S. Tam and Eric R. Young
July 2009, No. 09-10R
Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States (Revised June 2010)Andra C. Ghent and Marianna Kudlyak
June 2009, No. 09-9
Unemployment Insurance with a Hidden Labor MarketFernando Álvarez-Parra and Juan M. Sanchez
May 2009, No. 09-8
The Consolidation of Financial Market Regulation: Pros, Cons, and Implications for the United StatesSabrina R. Pellerin, John R. Walter and Patricia E. Wescott
April 2009, No. 09-7
Assessing the Effectiveness of the Paulson "Teaser Freezer" Plan: Evidence from the ABX IndexEliana Balla, Robert E. Carpenter and Breck Robinson
April 2009, No. 09-6R
On the Implementation of Markov-Perfect Monetary Policy (Revised August 2011)March 2009, No. 09-2
The Optimal Rate of Inflation with Trending Relative PricesFebruary 2009, No. 09-1
Fiscal Policy and Default Risk in Emerging MarketsGabriel Cuadra, Juan M. Sanchez and Horacio Sapriza
December 2008, No. 08-8R
Financing Development: The Role of Information Costs (Revised August 2009)Jeremy Greenwood, Juan M. Sanchez and Cheng Wang
November 2008, No. 08-7
Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial ProductionAndrew Foerster, Pierre-Daniel G. Sarte and Mark W. Watson
October 2008, No. 08-6R
A Quantitative Theory of Information and Unsecured Credit (Revised July 2011)Kartik B. Athreya, Xuan S. Tam and Eric R. Young
June 2008, No. 08-3
Housing Externalities: Evidence from Spatially Concentrated Urban Revitalization ProgramsEsteban Rossi-Hansberg, Pierre-Daniel G. Sarte and Raymond E. Owens
May 2008, No. 08-2R
Long-Duration Bonds and Sovereign Defaults (Revised July 2009)March 2008, No. 08-1
Inflation Dynamics with Search Frictions: A Structural Econometric AnalysisMichael U. Krause, David Lopez-Salido and Thomas A. Lubik
September 2007, No. 07-5
The Anatomy of U.S. Personal Bankruptcy under Chapter 13Hülya Eraslan, Wenli Li and Pierre-Daniel G. Sarte
August 2007, No. 07-4
Notes on the Inflation Dynamics of the New Keynesian Phillips CurveMarch 2007, No. 07-2
Bank Runs and Institutions: The Perils of InterventionHuberto M. Ennis and Todd Keister
March 2007, No. 07-1R
Heterogeneous Borrowers in Quantitative Models of Sovereign Default (Revised: Sep. 2008)Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
December 2006, No. 06-13
Risky Human Capital and Deferred Capital Income TaxationBorys Grochulski and Tomasz Piskorski
November 2006, No. 06-12
Market-Based Regulation and the Informational Content of PricesPhilip Bond, Itay Goldstein and Edward S. Prescott
December 2006, No. 06-11
Computing Business Cycles in Emerging Economy ModelsJuan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
November 2006, No. 06-10
Technology-Policy Interaction in Frictional Labor MarketsAndreas Hornstein, Per Krusell and Giovanni L. Violante
September 2006, No. 06-9
The Political Economy of Labor SubsidiesMarina Azzimonti, Eva de Francisco and Per Krusell
September 2006, No. 06-8
Technical Appendix for "Frictional Wage Dispersion in Search Models: A Quantitative Assessment"Andreas Hornstein, Per Krusell and Giovanni L. Violante
September 2006, No. 06-7
Frictional Wage Dispersion in Search Models: A Quantitative AssessmentAndreas Hornstein, Per Krusell and Giovanni L. Violante
August 2006, No. 06-6
Understanding How Employment Responds to Productivity Shocks in a Model with InventoriesMay 2006, No. 06-5
The Lucas Critique and the Stability of Empirical ModelsThomas A. Lubik and Paolo Surico
May 2006, No. 06-3
Nontraded Goods, Market Segmentation, and Exchange RatesFebruary 2006, No. 06-2
On the Aggregate and Distributional Implications of Productivity Differences across CountriesAndrés Erosa, Tatyana Koreshkova and Diego Restuccia
January 2006, No. 06-1R
Reputation, Career Concerns, and Job Assignments (Revised Apr. 2009)
December 2005, No. 05-13
Optimal Wealth Taxes with Risky Human CapitalBorys Grochulski and Tomasz Piskorski
December 2005, No. 05-12
A Quantitative Study of the Role of Wealth Inequality on Asset PricesNovember 2005, No. 05-11
Firms as Clubs in Walrasian Markets with Private Information: Technical AppendixEdward S. Prescott and Robert Townsend
September 2005, No. 05-9
A Quantitative Theory of the Gender Gap in WagesAndrés Erosa, Luisa Fuster and Diego Restuccia
August 2005, No. 05-8
A General Equilibrium Analysis of Parental Leave PoliciesAndrés Erosa, Luisa Fuster and Diego Restuccia
September 2005, No. 05-7
Asymmetric Information and the Lack of International Portfolio DiversificationAugust 2005, No. 05-6
The Value of Information with Heterogeneous Agents and Partially Revealing PricesJuly 2005, No. 05-5
Should the FDIC Worry about the FHLB? The Impact of Federal Home Loan Bank Advances on the Bank Insurance FundRosalind L. Bennett, Mark D. Vaughan and Timothy J. Yeager
June 2005, No. 05-3
Firm Fragmentation and Urban PatternsEsteban Rossi-Hansberg, Pierre-Daniel G. Sarte and Raymond E. Owens
April 2005, No. 05-2
Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?Yongsung Chang and Jay H. Hong
April 2005, No. 05-1
The Replacement Problem in Frictional Economies: A Near-Equivalence ResultAndreas Hornstein, Per Krusell and Giovanni L. Violante
December 2004, No. 04-8
The Effects of Technical Change on Labor Market InequalitiesAndreas Hornstein, Per Krusell and Giovanni L. Violante
December 2004, No. 04-9
Productivity, Employment, and InventoriesAugust 2004, No. 04-6
The Output Gap, Expected Future Inflation and Inflation Dynamics: Another LookJune 2004, No. 04-5
Monetary Discretion, Pricing Complementarity, and Dynamic Multiple EquilibriaApril 2004, No. 04-4
An Inquiry into the Existence and Uniqueness of Equilibrium with State-Dependent PricingA. Andrew John and Alexander L. Wolman
February 2004, No. 04-2
State-Contingent Bank Regulation With Unobserved Actions and Unobserved CharacteristicsDavid A. Marshall and Edward S. Prescott
January 2004, No. 03-17
Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference ShiftsYongsung Chang and Sun-Bin Kim
December 2003, No. 03-16
Payment System Disruptions and the Federal Reserve Following September 11, 2001Jeffrey M. Lacker
December 2003, No. 03-15
Real Implications of the Zero Bound on Nominal Interest RatesNovember 2003, No. 03-14R
Unsecured Debt with Public Insurance: From Bad to Worse (Revised: Nov. 2004)Kartik B. Athreya and Nicole B. Simpson
August 2003, No. 03-11
Fiscal Policy and Regional Inflation in a Currency UnionAugust 2003, No. 03-10
Optimal Public Investment with and without Government CommitmentMarina Azzimonti, Pierre-Daniel G. Sarte and Jorge Soares
July 2003, No. 03-8
James Pennington, (1777-1862): Classical Banking, Monetary, and Trade Theorist and Economic Policy AdvisorJuly 2003, No. 03-7
Labor Supply Shifts and Economic FluctuationsYongsung Chang and Frank Schorfheide
July 2003, No. 03-6
On the Employment Effect of Technology: Evidence from U.S. Manufacturing for 1958-1996Yongsung Chang and Jay H. Hong
July 2003, No. 03-5
From Individual to Aggregate Labor Supply: A Quantitative Analysis based on a Heterogeneous Agent MacroeconomyYongsung Chang and Sun-Bin Kim
June 2003, No. 03-4
Aggregate Demand Management with Multiple EquilibriaHuberto M. Ennis and Todd Keister
November 2002, No. 02-4
Should Optimal Discretionary Monetary Policy Look at Money?August 2002, No. 02-3
The Taylor Principle, Interest Rate Smoothing and Fed Policy in the 1970s and 1980sSeptember 2002, No. 02-1
The Macroeconomics of U.S. Consumer Bankruptcy Choice: Chapter 7 or Chapter 13?August 2002, No. 02-2
Vintage Capital as an Origin of InequalitiesGiovanni L. Violante, Per Krusell and Andreas Hornstein
October 2001, No. 01-8
The Pitfalls of Monetary DiscretionAubhik Khan, Robert G. King and Alexander L. Wolman
August 2001, No. 01-7
The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-37Jonas D.M. Fisher and Andreas Hornstein
August 2001, No. 01-5
The Taylor Principle, Interest Rate Smoothing and Fed Policy in the 1970s and 1980sJune 2001, No. 01-3
Optimal Policy with Probabilistic Equilibrium SelectionHuberto M. Ennis and Todd Keister
March 2001, No. 01-6
Sticky Prices and Inventories: Production Smoothing Reconsidered
November 2000, No. 00-11
Incentives, Communication, and Payment InstrumentsAugust 2000, No. 00-9
The Behavior of the Real Rate of Interest Over the Business CycleMichael Dotsey and Brian Scholl
September 2000, No. 00-8
Firms as Clubs in Walrasian Markets with Private InformationEdward S. Prescott and Robert Townsend
August 2000, No. 00-7
Monetary Policy Frameworks and Indicators for the Federal Reserve in the 1920sAugust 2000, No. 00-6
Medicine Worse than the Malady: Cure Rates, Population Shifts, and Health InsuranceRobert F. Graboyes
August 2000, No. 00-5
Getting Better, Feeling Worse: Cure Rates, Health Insurance, and WelfareRobert F. Graboyes
August 2000, No. 00-04
Our Money or Your Life: Indemnities vs. Deductibles in Health InsuranceRobert F. Graboyes
October 1999, No. 99-9
What is the Real Story for Interest Rate Volatility?Andreas Hornstein and Harald Uhlig
June 1999, No. 99-8
Analyzing Firm Location Decisions: Is Public Intervention Justified?September 1999, No. 99-7
Informality and Rent-Seeking Bureaucracies in a Model of Long-Run GrowthAugust 1999, No. 99-5
Does State-Dependent Pricing Imply Coordination Failure?A. Andrew John and Alexander L. Wolman
April 1999, No. 99-3
Firm-Specific Learning and the Investment Behavior of Large and Small FirmsMarch 1999, No. 99-2
Limited Commitment and Central Bank LendingMarvin Goodfriend and Jeffrey M. Lacker
January 1999, No. 99-1
Industrial Development and the Convergence QuestionMarvin Goodfriend and John McDermott
December 1998, No. 98-8
Staggered Prices and Inventories: Production Smoothing ReconsideredAugust 1998, No. 98-9
The Dynamic Effects of Government Spending Shocks on Employment and Work HoursMingwei Yuan and Wenli Li
July 1998, No. 98-7
Challenges and Choices in Post-Crisis East-Asia: Simulations of Investment Policy Reform in An Intertemporal Global ModelXinshen Diao, Wenli Li and Erinc Yeldan
June 1998, No. 98-6
Computing Moral Hazard Problems Using the Dantzig-Wolfe Decomposition AlgorithmJune 1997, No. 98-5
The New Neoclassical Synthesis and The Role of Monetary PolicyApril 1998, No. 98-3
Rent-Seeking Bureaucracies and Oversight in a Simple Growth ModelMarch 1998, No. 98-2
Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate? (Published: Apr. 1996; Revised: Jan. 1998)Andreas Hornstein and Mingwei Yuan
March 1998, No. 98-1
External vs. Internal Learning-by-Doing in an R&D Based Growth ModelAndreas Hornstein and Dan Peled
September 1997, No. 97-9
Entrepreneurship and Government Subsidies Under Capital Constraints: A General Equilibrium AnalysisJune 1997, No. 97-8
The Effects of Fiscal Policy in a Neoclassical Growth ModelMichael Dotsey and Ching-Sheng Mao
May 1997, No. 97-7 (Published Nov. 1994, Revised Feb. 1998)
(S,s) Inventory Policies in General EquilibriumJonas D.M. Fisher and Andreas Hornstein
May 1997, No. 97-6
Intermediate Inputs and Sectoral Comovement in the Business CycleAndreas Hornstein and Jack Praschnik
May 1997, No. 97-5
Inflation Uncertainty and Growth in a Simple Monetary ModelFebruary 1997, No. 97-2
State Dependent Pricing and Dynamics of Business Cycles
April 1996, No. 96-3
Stored Value Cards: Costly Private Substitutes for Government CurrencyJeffrey M. Lacker
June 1996, No. 96-2
Theory of the Firm: Applied Mechanism DesignEdward S. Prescott and Robert Townsend
December 1995, No. 95-5
The Adverse Selection Approach to Financial Intermediation: Some Characteristics of the Equilibrium Financial StructureSeptember 1995, No. 95-4
Customer Flows, Countercyclical Markups, and the Persistent Effects of Monetary Shocks
August 1994, No. 94-10
The Effects of Open Market Operations a Model of Intermediation and GrowthStacey L. Schreft and Bruce D. Smith
July 1994, No. 94-9 (Revised Sep. 1995)
The Coalition-Proof Core in Adverse Selection EconomiesJeffrey M. Lacker and John A. Weinberg
June 1994, No. 94-7
Money and the Gain from Enduring Relationships in the Turnpike ModelMay 1994, No. 94-6
Commercial Real Estate Overbuilding in the 1980's: Beyond the Hog CycleMarch 1994, No. 94-4
The Welfare Cost of Inflation in General EquilibriumFebruary 1994, No. 94-3
The Effects of Fiscal Policy in a Neoclassical Growth ModelMichael Dotsey and Ching-Sheng Mao
February 1994, No. 94-1
Variance Properties of Solow's Productivity Residual and Their Cyclical ImplicationsMary G. Finn
February 1993, No. 93-1
Liquidity Effects and Transactions Technologies
May 1991, No. 91-5
Survey Evidence of Tighter Credit Conditions: What Does It Mean?February 1991, No. 91-4
Money, Trade Credit and Asset PricesJeffrey M. Lacker and Stacey L. Schreft
February 1991, No. 91-3
Scope Economies: Fixed Costs, Complementarity, and Functional FormLawrence B. Pulley and David B. Humphrey
November 1990, No. 91-2
External Increasing Returns, Short-Lived Agents and Long-Lived WasteA. Andrew John, R. Pecchenino, D. Schimmelpfennig and Stacey L. Schreft
November 1990, No. 90-12
Hypothesis Testing and Finite Sample Properties of Generalized Method of Moments Estimators: A Monte Carlo StudyChing-Sheng Mao
November 1990, No. 90-11
How Well Do Linear Approximation Methods Work? Results for Suboptimal Dynamic EquilibriaMichael Dotsey and Ching-Sheng Mao
November 1990, No. 90-10
Liquidity Constraints in Commercial Loan Markets with Imperfect Information and Imperfect CompetitionAnne P. Villamil
November 1990, No. 90-8
A 'Coalition Proof' Equilibrium for a Private Information Credit EconomyJeffrey M. Lacker and John A. Weinberg
March 1990, No. 90-4
The Competitiveness of Rural County Manufacturing During a Period of Dollar AppreciationDan M. Bechter and Christine Chmura
November 1989, No. 90-3R2
Collateralized Debt as the Optimal Contract (Revised: Feb. 1991)Jeffrey M. Lacker
August 1989, No. 90-2 (Revised Dec. 1989)
Limited Commitment and Costly EnforcementJeffrey M. Lacker
February 1990, No. 90-1
Interest Rate Rules and Nominal DeterminacyJohn H. Boyd, III and Michael Dotsey
December 1989, No. 89-5
The Credibility of THE WALL STREET JOURNAL in Reporting the Timing and Details of Monetary Policy EventsTimothy Q. Cook and Thomas K. Hahn
October 1989, No. 89-4
The Feasibility of Market Value Accounting for Commercial BanksDavid L. Mengle
August 1988, No. 88-8
An Analysis of the Determinants of the Yield on Individual Municipal SecuritiesJuly 1988, No. 88-4
The Effect of Changes in the Federal Funds Rate Target on Market Interest Rates in the 1970sTimothy Q. Cook and Thomas K. Hahn
June 1988, No. 88-3
Fifth District Indexes of Manufacturing OutputDan M. Bechter, Christine Chmura and Richard K. Ko
May 1988, No. 88-2
Legal and Regulatory Reform in Electronic Payments: An Evaluation of Finality of Payment RulesDavid L. Mengle
April 1988, No. 88-1
Financial Deregulation, Monetary Policy, and Central Banking
October 1987, No. 87-6
Aggregate Fluctuations and Economic Growth: A Case of Random-Walk HypothesisChing-Sheng Mao
October 1987, No. 87-4
The Economic Effects of Corporate Taxes in a Stochastic Growth Model
September 1986, No. 86-5
The Information Content of Discount Rate Announcements and Their Effect on Market Interest RatesTimothy Q. Cook and Thomas K. Hahn
July 1986, No. 86-3
Theoretical Analysis of the Demand for Money
November 1985, No. 85-5
The Effect of Second Generation Rent Controls on the Quality of Rental HousingDavid L. Mengle
November 1985, No. 85-3
The Recent Financial Deregulation and the Interest Elasticity of the Simple M1 Demand Function: An Empirical NoteJanuary 1985, No. 85-2
Financial Innovation in the United States -- Background, Current Status and Prospects
September 1984, No. 84-8
Informational Implications of Interest Rate RulesOctober 1984, No. 84-6
Defining and Improving the Accuracy of Macroeconomic Forecasts: Contributions From a VAR ModelWilliam M. Lupoletti and Roy H. Webb
September 1984, No. 84-5
Fisher, Thornton and the Analysis of the Inflation PremiumWilliam Beranek, Thomas M. Humphrey and Richard H. Timberlake, Jr.
September 1984, No. 84-4
A Weekly Perfect Foresight Model of the Nonborrowed Reserve Operating ProcedureMarvin Goodfriend, Gary Anderson, Anil Kashyap, George Moore and Richard D. Porter
June 1984, No. 84-3
The Lender of Last Resort: A Historical PerspectiveThomas M. Humphrey and Robert E. Keleher
December 1983, No. 83-4
The Behavior of the Spread Between Treasury Bill Rates and Private Money Market Rates Since 1978Timothy Q. Cook and Thomas A. Lawler
March 1983, No. 83-3
Measurement Error and a Reinterpretation of the Conventional Money Demand RegressionJanuary 1983, No. 83-2
The Effects of Cash Management Practices on the Demand for Demand DepositsJanuary 1983, No. 83-1
A Historical Assessment of the Rationales and Functions of Reserve RequirementsMarvin Goodfriend and Monica Hargraves
September 1979, No. 79-5
An Alternate Method of Estimating the Cagan Money Demand Function in Hyperinflation Under Rational ExpectationsSeptember 1979, No. 79-4 (Revised Apr. 1980)
Determinants of the Spread Between Treasury Bill and Private Sector Money Market RatesApril 1979, No. 79-3
The Determinants of Labor Force Participation: An Empirical AnalysisMarch 1979, No. 79-2
A Note on the Neutrality of Temporary Monetary DisturbancesMarch 1979, No. 79-1 (Revised Nov. 1979)
Determinants of Correspondent Banking Relationships with the Federal Reserve SystemBruce J. Summers and John P. Segala
October 1974, No. 78-4
Measuring the Default Risk of Bonds Using Yields to MaturityThomas A. Lawler
April 1978, No. 78-3
Required Reserves, Correspondent Balances and Cash Asset Positions of Member and Non-Member Banks: Evidence from the Fifth Federal Reserve DistrictBruce J. Summers
February 1978, No. 78-2
Uncertain Inflation, Systematic Risk, and the Capital Asset Pricing ModelThomas A. Lawler
January 1978, No. 78-1
Federal Reserve Policy Strategy and Interest Rate SeasonalityThomas A. Lawler
December 1977, No. 77-3
The Risk-Free U.S. Bond Rate: Errors in Construction and Use in Econometric WorkPatric H. Hendershott and Timothy Q. Cook
December 1977, No. 77-2
Interest Rate Expectations and the Demand for Short-Term Business CreditBruce J. Summers
July 1976, No. 76-1
Bank Management, Competition, and Interest Rates: A Portfolio Model of Discount Window ActivityWilliam D. Jackson
July 1975, No. 75-2
Interest Rates, Expectations, and the Wicksellian Policy Rule
September 1974, No. 74-5
Commercial Banking Performance and Structure: A Factor Analysis ApproachWilliam D. Jackson
June 1974, No. 74-4
Alternate Reserve Concepts as Operating Targets in Monetary Policy Implementation: Specification of the Structural ModelJoseph M. Crews and Glenn C. Picou
June 1974, No. 74-3
An Employment Pressure Index as an Alternative Measure of Labor Market ConditionsApril 1974, No. 74-2
Alternative Optimal Open Market Strategies: A Classical Optimization Certainty Equivalence ApproachJoseph M. Crews
January 1974, No. 74-1
Thrift Institution Competition With Commercial Banks: Empirical EvidenceWilliam D. Jackson
November 1973, No. 73-3
The Cost of Capital, the Desired Capital Stock, and a Variable Investment Tax Credit as a Stabilization ToolRoger N. Waud and Glenn C. Picou
October 1973, No. 73-2
Monetary Policy, Bank Credit, and Total Credit: A Preliminary AnalysisMay 1973, No. 73-1
Simulations of Marginal Reserve Requirements on Large Denomination Certificates of Deposit in the FRB ModelPhilip H. Davidson
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