Content
2013
- 2013-008 The effect of underreporting on LIBOR rates
by Andrea Monticini & Daniel L. Thornton - 2013-007 Global dynamics at the zero lower bound
by William T. Gavin & Benjamin D. Keen & Alexander W. Richter & Nathaniel A. Throckmorton - 2013-005 How did the financial crisis alter the correlations of U.S. yield spreads?
by Silvio Contessi & Pierangelo De Pace & Massimo Guidolin - 2013-004 Are government spending multipliers greater during periods of slack? evidence from 20th century historical data
by Michael T. Owyang & Valerie A. Ramey & Sarah Zubairy - 2013-003 Financial development and long-run volatility trends
by Pengfei Wang & Yi Wen & Zhiwei Xu - 2013-002 Regionalization vs. globalization
by Hideaki Hirata & M. Ayhan Kose & Christopher Otrok - 2013-001 Investment and Bilateral Insurance
by Emilio Espino & Julian Kozlowski & Juan M. Sanchez - 2013-001 Too big to cheat: Efficiency and Investment in Partnerships
by Emilio Espino & Julian Kozlowski & Juan M. Sanchez - 2014-38 Bad Investments and Missed Opportunities? Capital Flows to Asia and Latin America, 1950-2007
by Lee E. Ohanian & Paulina Restrepo-Echavarria & Mark L. J. Wright - 2014-37 Endogenous Borrowing Constraints and Stagnation in Latin America
by Paulina Restrepo-Echavarria - 2014-35 Targeted Search in Matching Markets
by Anton A. Cheremukhin & Paulina Restrepo-Echavarria & Antonella Tutino - 2013-38 The stimulative effect of forward guidance
by William T. Gavin & Benjamin D. Keen & Alexander W. Richter & Nathaniel A. Throckmorton - 2013-37 Mortgages and monetary policy
by Carlos Garriga & Finn E. Kydland & Roman Šustek
2012
- 2013-006 Reconstructing the great recession
by Michele Boldrin & Carlos Garriga & Adrian Peralta-Alva & Juan M. Sanchez - 2012-063 How effective is central bank forward guidance?
by Clemens J. M. Kool & Daniel L. Thornton - 2012-062 Analysis of numerical errors
by Adrian Peralta-Alva & Manuel S. Santos - 2012-061 Possible Unintended Effects of Restrictions on Foreign Lobbying in a Customs Union
by Subhayu Bandyopadhyay & Sajal Lahiri - 2012-060 Multi-step ahead forecasting of vector time series
by Michael W. McCracken & Tucker S. McElroy - 2012-059 What inventories tell us about aggregate fluctuations -- a tractable approach to (S,s) policies
by Pengfei Wang & Yi Wen & Zhiwei Xu - 2012-058 Understanding the distributional impact of long-run inflation
by Gabriele Camera & YiLi Chien - 2012-057 Informal unemployment insurance and labor market dynamics
by Kyle F. Herkenhoff - 2012-056 The lender of last resort: lessons from the Fed’s first 100 years
by Mark A. Carlson & David C. Wheelock - 2012-055 Foreign firms and the diffusion of knowledge
by Alexander Monge-Naranjo - 2012-054 What do we know about the relationship between access to finance and international trade?
by Silvio Contessi & Francesca De Nicola - 2012-053 International trade, female labor, and entrepreneurship in MENA countries
by Silvio Contessi & Francesca De Nicola & Li Li - 2012-052 Interjurisdictional competition with adverse selection
by Ruben Hernandez-Murillo - 2012-051 Richer but more unequal? nutrition and caste gaps
by Maria E. Canon & Florencia Lopez Boo - 2012-050 The Federal Reserve’s response to the financial crisis: what it did and what it should have done
by Daniel L. Thornton - 2012-049 Asymptotic Inference for Performance Fees and the Predictability of Asset Returns
by Michael W. McCracken & Giorgio Valente - 2012-048 Endogenous credit limits with small default costs
by Costas Azariadis & Leo Kaas - 2012-047 Self-fulfilling credit cycles
by Costas Azariadis & Leo Kaas - 2012-046 Capital misallocation and aggregate factor productivity
by Costas Azariadis & Leo Kaas - 2012-045 A two-sector model of endogenous growth with leisure externalities
by Costas Azariadis & Been-Lon Chen & Chia-Hui Lu & Yin-Chi Wang - 2012-044 The optimal inflation target in an economy with limited enforcement
by Gaetano Antinolfi & Costas Azariadis & James B. Bullard - 2012-043 On the substitutability between foreign aid and international credit
by Subhayu Bandyopadhyay & Sajal Lahiri & Javed Younas - 2012-042 Bankruptcy and delinquency in a model of unsecured debt
by Kartik B. Athreya & Juan M. Sanchez & Xuan S. Tam & Eric Young - 2012-041 Optimal policy for macro-financial stability
by Gianluca Benigno & Huigang Chen & Christopher Otrok & Alessandro Rebucci & Eric Young - 2012-040 Why doesn’t technology flow from rich to poor countries?
by Harold L. Cole & Jeremy Greenwood & Juan M. Sanchez - 2012-039 Sentiments and aggregate demand fluctuations
by Jess Benhabib & Pengfei Wang & Yi Wen - 2012-038 Housing prices and the high Chinese saving rate puzzle
by Xin Wang & Yi Wen - 2012-037 Liquidity and welfare
by Yi Wen - 2012-036 Greenspan’s conundrum and the Fed’s ability to affect long-term yields
by Daniel L. Thornton - 2012-035 The case against patents
by Michele Boldrin & David K. Levine - 2012-034 An approximate dual-self model and paradoxes of choice under risk
by Drew Fudenberg & David K. Levine & Zacharias Maniadis - 2012-033 Evolving to the impatience trap: the example of the farmer-sheriff game
by David K. Levine & Salvatore Modica & Federico Weinschelbaum & Felipe Zurita - 2012-032 Conflict and the evolution of societies
by David K. Levine & Salvatore Modica - 2012-031 Codes of conduct, private information, and repeated games
by Juan I. Block & David K. Levine - 2012-030 Comment on \"Taylor rule exchange rate forecasting during the financial crisis\"
by Michael W. McCracken - 2012-029 Consistent testing for structural change at the ends of the sample
by Michael W. McCracken - 2012-028 International channels of the Fed’s unconventional monetary policy
by Michael D. Bauer & Christopher J. Neely - 2012-027 Loan regulation and child labor in rural India
by Basab Dasgupta & Christian Zimmermann - 2012-026 The zero lower bound and the dual mandate
by William T. Gavin & Benjamin D. Keen - 2012-025 Capital controls or exchange rate policy? a pecuniary externality perspective
by Gianluca Benigno & Huigang Chen & Christopher Otrok & Alessandro Rebucci & Eric Young - 2012-024 Unemployment insurance fraud and optimal monitoring
by David L. Fuller & B. Ravikumar & Yuzhe Zhang - 2012-023 Academic rankings with RePEc
by Christian Zimmermann - 2012-022 A model of price swings in the housing market
by Carlos Garriga & Rodolfo E. Manuelli & Adrian Peralta-Alva - 2012-021 Did housing policies cause the postwar boom in homeownership?
by Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf - 2012-020 Monetary policy: why money matters, and interest rates don’t
by Daniel L. Thornton - 2012-019 U.S. monetary policy: a view from macro theory
by William T. Gavin & Benjamin D. Keen - 2012-018 Author identification in economics, ... and beyond
by Thomas Krichel & Christian Zimmermann - 2012-017 Foreclosure delay and U.S. unemployment
by Kyle F. Herkenhoff & Lee E. Ohanian - 2012-016 Two-way capital flows and global imbalances: a neoclassical approach
by Pengfei Wang & Yi Wen & Zhiwei Xu - 2012-015 Evidence on the portfolio balance channel of quantitative easing
by Daniel L. Thornton - 2012-014 An endogenously clustered factor approach to international business cycles
by Neville Francis & Michael T. Owyang & Özge Savascin - 2012-013 Forecasting national recessions using state level data
by Michael T. Owyang & Jeremy M. Piger & Howard J. Wall - 2012-012 Information disclosure and exchange media
by David Andolfatto & Fernando M. Martin - 2012-011 News shocks and the slope of the term structure of interest rates
by Andre Kurmann & Christopher Otrok - 2012-010 Price equalization does not imply free trade
by Piyusha Mutreja & B. Ravikumar & Raymond Riezman & Michael Sposi - 2012-009 The risk premium and long-run global imbalances
by YiLi Chien & Kanda Naknoi - 2012-008 Econometric modeling of exchange rate volatility and jumps
by Deniz Erdemlioglu & Sebastien Laurent & Christopher J. Neely - 2012-007 Foreign aid, illegal immigration, and host country welfare
by Subhayu Bandyopadhyay & Dustin Chambers & Jonathan Munemo - 2012-006 Federal Reserve lending to troubled banks during the financial crisis, 2007-10
by R. Alton Gilbert & Kevin L. Kliesen & Andrew P. Meyer & David C. Wheelock - 2012-005 Did affordable housing legislation contribute to the subprime securities boom?
by Andra C. Ghent & Ruben Hernandez-Murillo & Michael T. Owyang - 2012-004 Lifetime labor supply and human capital investment
by Rodolfo E. Manuelli & Ananth Seshadri & Yongseok Shin - 2012-003 Capital, finance, and trade collapse
by Yang Jiao & Yi Wen - 2012-002 Extensive and intensive trade margins: a state-by-state view
by Cletus C. Coughlin - 2012-001 Optimal disclosure policy and undue diligence
by David Andolfatto & Aleksander Berentsen & Christopher J. Waller
2011
- 2011-042 Basel Accord and financial intermediation: the impact of policy
by Martin Berka & Christian Zimmermann - 2011-041 How does the FOMC learn about economic revolutions? evidence from the New Economy Era, 1994-2001
by Richard G. Anderson & Kevin L. Kliesen - 2011-040 Credit scoring and loan default
by Geetesh Bhardwaj & Rajdeep Sengupta - 2011-039 What do happiness and health satisfaction data tell us about relative risk aversion?
by Nestor Gandelman & Ruben Hernandez-Murillo - 2011-038 The simple analytics of money and credit in a quasi-linear environment
by David Andolfatto - 2011-037 The (non-)resiliency of foreign direct investment in the United States during the 2007-2009 financial crisis
by Silvio Contessi & Pierangelo De Pace - 2011-036 The effect of neighborhood contagion on mortgage selection
by Ruben Hernandez-Murillo & Rajdeep Sengupta - 2011-035 The effects of female labor force participation on obesity
by Pedro Gomis-Porqueras & Oscar A. Mitnik & Adrian Peralta-Alva & Maximilian D. Schmeiser - 2011-034 Capital flows and Japanese asset volatility
by Brett W. Fawley & Christopher J. Neely - 2011-033 Differences in subprime loan pricing across races and neighborhoods
by Andra C. Ghent & Ruben Hernandez-Murillo & Michael T. Owyang - 2011-032 Why do education vouchers fail at the ballot box?
by Peter Bearse & Buly A. Cardak & Gerhard Glomm & B. Ravikumar - 2011-031 Policy and welfare effects of within-period commitment
by Fernando M. Martin - 2011-030 Markov-Perfect Risk Sharing, Moral Hazard and Limited Commitment
by Alexander K. Karaivanov & Fernando M. Martin - 2011-029 Dynamic optimal insurance and lack of commitment
by Alexander K. Karaivanov & Fernando M. Martin - 2011-028 Government policy response to war-expenditure shocks
by Fernando M. Martin - 2011-027 Speculation in the oil market
by Luciana Juvenal & Ivan Petrella - 2011-026 Government policy in monetary economies
by Fernando M. Martin - 2011-025 Advances in forecast evaluation
by Todd E. Clark & Michael W. McCracken - 2011-024 Tests of equal forecast accuracy for overlapping models
by Todd E. Clark & Michael W. McCracken - 2011-023 Should easier access to international credit replace foreign aid?
by Subhayu Bandyopadhyay & Sajal Lahiri & Javed Younas - 2011-022 Out-of-school suspensions and parental involvement in children’s education
by Maria E. Canon - 2011-021 Lessons from the evolution of foreign exchange trading strategies
by Christopher J. Neely & Paul A. Weller - 2011-020 Optimal auditing and insurance in a dynamic model of tax compliance
by B. Ravikumar & Yuzhe Zhang - 2011-019 Mortgage defaults
by Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sanchez - 2011-018 Making sense of China’s astronomical foreign reserves
by Yi Wen - 2011-017 Sectoral shocks, reallocation frictions, and optimal government spending
by Rodolfo E. Manuelli & Adrian Peralta-Alva - 2011-016 Where is an oil shock?
by Kristie M. Engemann & Michael T. Owyang & Howard J. Wall - 2011-015 Quantifying the shadow economy: measurement with theory
by Pedro Gomis-Porqueras & Adrian Peralta-Alva & Christopher J. Waller - 2011-014 When do inventories destabilize the economy? an analytical approach to (S,s) policies
by Pengfei Wang & Yi Wen & Zhiwei Xu - 2011-013 OPEC’s oil exporting strategy and macroeconomic (in)stability
by Luis Aguiar-Conraria & Yi Wen - 2011-012 Immigration policy and counterterrorism
by Subhayu Bandyopadhyay & Todd Sandler - 2011-011 Inflation in the G7: mind the gap(s)?
by James Morley & Jeremy M. Piger & Robert H. Rasche - 2011-010 A closer look at the tax incidence of instant lottery games: an analysis by price point
by Thomas A. Garrett - 2011-009 The low-frequency impact of daily monetary policy shocks
by Neville Francis & Eric Ghysels & Michael T. Owyang - 2011-008 Input and output inventory dynamics
by Yi Wen - 2011-007 Connectionist-based rules describing the pass-through of individual goods prices into trend inflation in the United States
by Richard G. Anderson & Jane M. Binner & Vincent A. Schmidt - 2011-006 Making sense of China’s excessive foreign reserves
by Yi Wen - 2011-004 Foreign direct investment, aid, and terrorism: an analysis of developing countries
by Subhayu Bandyopadhyay & Todd Sandler & Javed Younas - 2011-003 A Bayesian multi-factor model of instability in prices and quantities of risk in U.S. financial markets
by Massimo Guidolin & Francesco Ravazzolo & Andrea Donato Tortora - 2011-002 Did doubling reserve requirements cause the recession of 1937-1938? a microeconomic approach
by Charles W. Calomiris & Joseph R. Mason & David C. Wheelock - 2011-001 Technical analysis in the foreign exchange market
by Christopher J. Neely & Paul A. Weller - 2009-023 Poverty, political freedom, and the roots of terrorism in developing countries: An empirical assessment
by Subhayu Bandyopadhyay & Javed Younas
2010
- 2010-049 Channel systems: Why is there a positive spread?
by Aleksander Berentsen & Alessandro Marchesiani & Christopher J. Waller - 2010-048 Can rising housing prices explain China’s high household saving rate?
by Xin Wang & Yi Wen - 2010-047 Understanding permanent black-white earnings inequality
by Alejandro Badel - 2010-046 Interpreting life-cycle inequality patterns as an efficient allocation: mission impossible?
by Alejandro Badel & Mark Huggett - 2010-045 Decomposing the gender wage gap with sample selection adjustment: evidence from Colombia
by Alejandro Badel & Ximena Peña - 2010-044 The effectiveness of unconventional monetary policy: the term auction facility
by Daniel L. Thornton - 2010-043 Multinational Firms' Entry and Productivity: Some Aggregate Implications of Firm-level Heterogeneity
by Silvio Contessi - 2010-042 The role of schools in the production of achievement
by Maria E. Canon - 2010-041 How does multinational production change international comovement?
by Silvio Contessi - 2010-040 Regime shifts in mean-variance efficient frontiers: some international evidence
by Massimo Guidolin & Federica Ria - 2010-039 Does the macroeconomy predict U.K. asset returns in a nonlinear fashion? comprehensive out-of-sample evidence
by Massimo Guidolin & Stuart Hyde & David McMillan & Sadayuki Ono - 2010-038 Pricing-to-market and business cycle synchronization
by Luciana Juvenal & Paulo Santos Monteiro - 2010-037 Hayashi meets Kiyotaki and Moore: a theory of capital adjustment costs
by Pengfei Wang & Yi Wen - 2010-036 The promise and performance of the Federal Reserve as lender of last resort 1914-1933
by Michael D. Bordo & David C. Wheelock - 2010-035 Local price variation and the tax incidence of state lotteries
by Thomas A. Garrett & Natalia A. Kolesnikova - 2010-034 Predicting bond excess returns with forward rates: an asset-allocation perspective
by Daniel L. Thornton & Giorgio Valente - 2010-033 Real-time forecast averaging with ALFRED
by Chanont Banternghansa & Michael W. McCracken - 2010-032 Reality checks and nested forecast model comparisons
by Todd E. Clark & Michael W. McCracken - 2010-031 Testing for unconditional predictive ability
by Todd E. Clark & Michael W. McCracken - 2010-030 An evaluation of the employment effects of barriers to outsourcing
by Subhayu Bandyopadhyay & Sugata Marjit & Lei Yang - 2010-029 A Time-Varying Threshold STAR Model with Applications
by Michael J. Dueker & Laura E. Jackson & Michael T. Owyang & Martin Sola - 2010-028 Ambiguity in asset pricing and portfolio choice: a review of the literature
by Massimo Guidolin & Francesca Rinaldi - 2010-027 Leveraged borrowing and boom-bust cycles
by Patrick A. Pintus & Yi Wen - 2010-026 A yield spread perspective on the great financial crisis: break-point test evidence
by Massimo Guidolin & Yu Man Tam - 2010-025 Identifying technology shocks in the frequency domain
by Riccardo DiCecio & Michael T. Owyang - 2010-024 Financing development: the role of information costs
by Jeremy Greenwood & Juan M. Sanchez & Cheng Wang - 2010-023 Quantifying the impact of financial development on economic development
by Jeremy Greenwood & Juan M. Sanchez & Cheng Wang - 2010-022 The IT revolution and the unsecured credit market
by Juan M. Sanchez - 2010-021 Cross-country income convergence revisited
by Levon Barseghyan & Riccardo DiCecio - 2010-020 Changes in the second-moment properties of disaggregated capital flows
by Silvio Contessi & Pierangelo De Pace & Johanna L. Francis - 2010-019 Discordant city employment cycles
by Michael T. Owyang & Jeremy M. Piger & Howard J. Wall - 2010-018 The large scale asset purchases had large international effects
by Christopher J. Neely - 2010-017 The Phillips curve and US monetary policy: what the FOMC transcripts tell us
by Ellen E. Meade & Daniel L. Thornton - 2010-016 Ethnic networks and trade: intensive vs. extensive margins
by Cletus C. Coughlin & Howard J. Wall - 2010-015 African-American economic progress in urban areas: a tale of 14 American cities
by Dan A. Black & Natalia A. Kolesnikova & Lowell J. Taylor - 2010-014 Optimal money demand in a heterogeneous-agent cash-in-advance economy
by Yi Wen - 2010-013 Predictions of short-term rates and the expectations hypothesis
by Massimo Guidolin & Daniel L. Thornton - 2010-012 Financial integration and risk-adjusted growth opportunities: a global perspective
by Gianni De Nicolo & Luciana Juvenal - 2010-011 Crime and arrests: deterrence or resource reallocation?
by Thomas A. Garrett & Lesli S. Ott - 2010-010 Personal-bankruptcy cycles
by Thomas A. Garrett & Howard J. Wall - 2010-009 Liquidity demand and welfare in a heterogeneous-agent economy
by Yi Wen - 2010-008 Out-of-sample equity premium prediction: economic fundamentals vs. moving-average rules
by Christopher J. Neely & David E. Rapach & Jun Tu & Guofu Zhou - 2010-007 Do oil shocks drive business cycles? some U.S. and international evidence
by Kristie M. Engemann & Kevin L. Kliesen & Michael T. Owyang - 2010-006 Economic freedom and employment growth in U.S. states
by Thomas A. Garrett & Russell M. Rhine - 2010-005 Dissecting Taylor rules in a structural VAR
by Woon Gyu Choi & Yi Wen - 2010-004 Does the structure of banking markets affect economic growth? evidence from U.S. state banking markets
by Kris James Mitchener & David C. Wheelock - 2010-003 1/N and long run optimal portfolios: results for mixed asset menus
by Carolina Fugazza & Massimo Guidolin & Giovanna Nicodano - 2010-002 Can VAR models capture regime shifts in asset returns? a long-horizon strategic asset allocation perspective
by Massimo Guidolin & Stuart Hyde - 2010-001 On the social cost of transparency in monetary economies
by David Andolfatto - 2005-024 A flexible finite-horizon alternative to long-run restrictions with an application to technology shock
by Riccardo DiCecio & Neville Francis & Michael T. Owyang & Jennifer E. Roush
2009
- 2009-059 Forecast disagreement among FOMC members
by Chanont Banternghansa & Michael W. McCracken - 2009-058 Spatial heterogeneity and the geographic distribution of airport noise
by Jeffrey P. Cohen & Cletus C. Coughlin - 2009-057 Is the international border effect larger than the domestic border effect? evidence from U.S. trade
by Cletus C. Coughlin & Dennis Novy - 2009-056 Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
by Aleksander Berentsen & Christopher J. Waller - 2009-055 Common fluctuations in OECD budget balances
by Christopher J. Neely & David E. Rapach - 2009-054 Are U.S. banks too large?
by David C. Wheelock & Paul W. Wilson - 2009-053 Biofuel subsidies: an open-economy analysis
by Subhayu Bandyopadhyay & Sumon Bhaumik & Howard J. Wall - 2009-052 The effects of recessions across demographic groups
by Kristie M. Engemann & Howard J. Wall - 2009-051 In-sample tests of predictive ability: a new approach
by Todd E. Clark & Michael W. McCracken - 2009-050 Nested forecast model comparisons: a new approach to testing equal accuracy
by Todd E. Clark & Michael W. McCracken - 2009-049 Taylor-type rules and permanent shifts in productivity growth
by William T. Gavin & Benjamin D. Keen & Michael R. Pakko - 2009-048 The local effects of monetary policy
by Neville Francis & Michael T. Owyang & Tatevik Sekhposyan - 2009-047 Indirect taxation and the welfare effects of altruism on the optimal fiscal policy
by Carlos Garriga & Fernando Sanchez-Losada - 2009-046 Money and capital as competing media of exchange in a news economy
by David Andolfatto & Fernando M. Martin - 2009-045 Saving and growth under borrowing constraints explaining the \"high saving rate\" puzzle
by Yi Wen - 2009-044 Essential interest-bearing money
by David Andolfatto - 2009-043 The role of location in evaluating racial wage disparity
by Dan A. Black & Natalia A. Kolesnikova & Seth G. Sanders & Lowell J. Taylor - 2009-042 What happened to the US stock market? Accounting for the last 50 years
by Michele Boldrin & Adrian Peralta-Alva - 2009-041 Cross-border lobbying in preferential trading agreements: implications for external tariffs
by Subhayu Bandyopadhyay & Sajal Lahiri & Howard J. Wall - 2009-040 Sources of exchange rate fluctuations: are they real or nominal?
by Luciana Juvenal - 2009-039 Incidence of an outsourcing tax on intermediate inputs
by Subhayu Bandyopadhyay - 2009-038 How did we get to inflation targeting and where do we go now? a perspective from the U.S. experience
by Daniel L. Thornton - 2009-037 The identification of the response of interest rates to monetary policy actions using market-based measures of monetary policy shocks
by Daniel L. Thornton - 2009-036 Problems in the numerical simulation of models with heterogeneous agents and economic distortions
by Adrian Peralta-Alva & Manuel S. Santos - 2009-035 Dynamic taxation, private information and money
by Christopher J. Waller - 2009-034 Random matching and money in the neoclassical growth model: some analytical results
by Christopher J. Waller - 2009-033 Price level targeting and stabilization policy
by Aleksander Berentsen & Christopher J. Waller - 2009-032 Optimal stabilization policy with endogenous firm entry
by Aleksander Berentsen & Christopher J. Waller - 2009-031 Money and capital: a quantitative analysis
by S. Boragan Aruoba & Christopher J. Waller & Randall Wright