Federal Reserve Bank of Philadelphia
Working Papers
Contact information of Federal Reserve Bank of Philadelphia:
Postal: 10 Independence Mall, Philadelphia, PA 19106-1574
Web page: http://www.philadelphiafed.org/
More information through EDIRC
Order information:
Email:
Web: http://www.phil.frb.org/econ/wps/index.html
For corrections or technical questions regarding this series, please contact
(Diane Rosenberger)
Series handle: repec:fip:fedpwp
Citations RSS feed: at CitEc
Impact factors:
Simple,
Recursive,
Discounted,
Recursive discounted,
H-Index,
Aggregate
Access and download statistics
Top item: By citations. By downloads (last 12 months).
More pages of listings: 0| 1| 2| 3
2013
- 13-20 Subsidizing price discovery
by Braz Camargo & Kyungmin (Teddy) Kim & Benjamin Lester - 13-19 Estimating dynamic equilibrium models with stochastic volatility
by Jesús Fernández-Villaverde & Pablo Guerrón-Quintana & Juan F. Rubio-Ramírez - 13-18 Dynamics of investment, debt, and default
by Grey Gordon & Pablo Guerrón-Quintana - 13-17 Competition in bank-provided payment services
by Wilko Bolt & David Humphrey - 13-16 Improving GDP measurement: a measurement-error perspective
by S. Boragan Aruoba & Francis X. Diebold & Jeremy Nalewaik & Frank Schorfheide & Dongho Song - 13-15 The cost of delay
by Larry Cordell & Liang Geng & Laurie Goodman & Lidan Yang - 13-14 Market run-ups, market freezes, inventories, and leverage
by Philip Bond & Yaron Leitner - 13-13 Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function
by Joseph P. Hughes & Loretta J. Mester - 13-12 Modeling the credit card revolution: the role of debt collection and informal bankruptcy
by Lukasz A. Drozd & Ricardo Serrano-Padial - 13-11 Local deficits and local jobs: can U.S. statess stabilize their own economies?
by Gerald Carlino & Robert Inman - 13-10 Risk, economic growth and the value of U.S. corporations
by Luigi Bocola & Nils Gornemann - 13-09 Worker flows and job flows: a quantitative investigation
by Shigeru Fujita & Makoto Nakajima - 13-08 Understanding and measuring risks in Agency CMOs
by Nicholas Arcidiacono & Larry Cordell & Andrew Davidson & Alex Levin - 13-07 Competing with asking prices
by Benjamin Lester & Ludo Visschers & Ronald Wolthoff
2012
- 13-06 Dichotomy between macroprudential policy and monetary policy on credit and inflation
by Hyunduk Suh - 13-05 Interest rates and prices in an inventory model of money with credit
by Michael Dotsey & Pablo Guerron-Quintana - 13-04 On the timing of monetary policy reform
by Roc Armenter - 13-03 Does junior inherit? Refinancing and the blocking power of second mortgages
by Philip Bond & Ronel Elul & Sharon Garyn-Tal & David K. Musto - 13-02 Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions
by Leonard Nakamura - 13-01 Regional resilience
by Jeffrey Lin - 12-30 Business cycle implications of internal consumption habit for new Keynesian models
by Takashi Kano & James M. Nason - 12-29 Should defaults be forgotten? Evidence from legally mandated removal
by Marieke Bos & Leonard Nakamura - 12-28 Macroprudential policy: its effects and relationship to monetary policy
by Hyunduk Suh - 12-27 Sequential Monte Carlo sampling for DSGE models
by Edward Herbst & Frank Schorfheide - 12-26 Estimating a dynamic equilibrium model of firm location choices in an urban economy
by Jeffrey Brinkman & Daniele Coen-Pirani & Holger Sieg - 12-25 A tractable circular city model with an application to the effects of development constraints on land rents
by Satyajit Chatterjee & Burcu Eyigungor - 12-24 Business cycles and financial crises: the roles of credit supply and demand shocks
by James M. Nason & Ellis W. Tallman - 12-23 A narrative analysis of post-World War II changes in federal aid
by Gerald Carlino & Robert Inman - 12-22 The agglomeration of R&D labs
by Gerald A. Carlino & Robert M. Hunt & Jake K. Carr & Tony E. Smith - 12-21 Monetary policy with heterogeneous agents
by Nils Gornemann & Keith Kuester & Makoto Nakajima - 12-20 Do falling iceberg costs explain recent U.S. export growth?
by George Alessandria & Horag Choi - 12-19 On the inherent instability of private money
by Daniel R. Sanches - 12-18 Credit risk analysis of credit card portfolios under economic stress conditions
by Piu Banerjee & José J. Canals-Cerdá - 12-17 Building the Innovation Union: Lessons from the 2008 Financial Crisis
by Alice O. Nakamura & Leonard I. Nakamura & Masao Nakamura - 12-16 Trade wedges, inventories, and international business cycles
by George Alessandria & Joseph Kaboski & Virgiliu Midrigan - 12-15 Insuring student loans against the financial risk of failing to complete college
by Satyajit Chatterjee & Felicia Ionescu - 12-14 Debt dilution and seniority in a model of defaultable sovereign debt
by Satyajit Chatterjee & Burcu Eyigungor - 12-13 A primer on market discipline and governance of financial institutions for those in a state of shocked disbelief
by Joseph P. Hughes & Loretta J. Mester - 12-12 Getting rid of paper: savings from Check 21
by David B. Humphrey & Robert Hunt - 12-11 Private liquidity and banking regulation
by Cyril Monnet & Daniel R. Sanches - 12-10 Nonlinear adventures at the zero lower bound
by Jesús Fernández-Villaverde & Grey Gordon & Pablo Guerrón-Quintana & Juan F. Rubio-Ramírez - 12-9 Forecast bias in two dimensions
by Dean Croushore - 12-8 Market run-ups, market freezes, inventories, and leverage
by Philip Bond & Yaron Leitner - 12-7 The private premium in public bonds
by Anna Kovner & Chenyang Wei - 12-6 Financial globalization, inequality, and the raising of public debt
by Marina Azzimonti & Eva de Francisco & Vincenzo Quadrini - 12-5 Home production and Social Security reform
by Michael Dotsey & Wenli Li & Fang Yang - 12-4 Bayesian estimation of DSGE models
by Pablo A. Guerrón-Quintana & James M. Nason - 12-3 Common and idiosyncratic disturbances in developed small open economies
by Pablo A. Guerron-Quintana - 12-2 Exogenous vs. endogenous separation
by Shigeru Fujita & Garey Ramey
2011
- 12-1 The macroeconomics of firms' savings
by Roc Armenter & Viktoria Hnatkovska - 11-48 Optimal labor-market policy in recessions
by Philip Jung & Keith Kuester - 11-47 Supply-side policies and the zero lower bound
by Jesús Fernández-Villaverde & Pablo Guerrón-Quintana & Juan F. Rubio-Ramírez - 11-46 Large capital infusions, investor reactions, and the return and risk performance of financial institutions over the business cycle and recent finanical crisis
by Elyas Elyasiani & Loretta J. Mester & Michael S. Pagano - 11-45 On the network topology of variance decompositions: Measuring the connectedness of financial firms
by Francis X. Diebold & Kamil Yilmaz - 11-44 Declining labor turnover and turbulence
by Shigeru Fujita - 11-43 Soverign risk and the effects of fiscal retrenchment in deep recessions
by Giancarlo Corsetti & Keith Kuester & Andre Meier & Gernot J. Muller - 11-42 The agglomeration of R&D labs
by Gerald A. Carlino & Jake K. Carr & Robert M. Hunt & Tony E. Smith - 11-41 Improving GDP measurement: a forecast combination perspective
by S. Boragan Aruoba & Francis X. Diebold & Jeremy Nalewaik & Frank Schorfheide & Dongo Song - 11-40 Do Phillips curves conditionally help to forecast inflation?
by Michael Dotsey & Shigeru Fujita & Tom Stark - 11-39 Rising indebtedness and temptation: a welfare analysis
by Makoto Nakajima - 11-38 Portage and path dependence
by Hoyt Bleakley & Jeffrey Lin - 11-37 How much did banks pay to become too-big-to-fail and to become systematically important?
by Elijah Brewer, III & Julapa Jagtiani - 11-36 Trading dynamics in decentralized markets with adverse selection
by Braz Camargo & Benjamin Lester - 11-35 Dealing with consumer default: bankruptcy vs. garnishment
by Satyajit Chatterjee & Grey Gordon - 11-34 Can oil prices forecast exchange rates?
by Domenico Ferraro & Ken Rogoff & Barbara Rossi - 11-33 Maturity, indebtedness, and default risk
by Satyajit Chatterjee & Burcu Eyigungor - 11-32 Fiscal volatility shocks and economic activity
by Jesus Fernandez-Villaverde & Pablo Guerron-Quintana & Keith Kuester & Juan Rubio-Ramirez - 11-31 Out-of-sample forecast tests robust to the choice of window size
by Barbara Rossi & Atsushi Inoue - 11-30 Collateral damage: Sizing and assessing the subprime CDO crisis
by Larry Cordell & Yilin Huang & Meredith Williams - 11-29 On the implementation of Markov-perfect monetary policy
by Michael Dotsey & Andreas Hornstein - 11-28 Optimal monetary policy in a model of money and credit
by Pedro Gomis-Porqueras & Daniel R. Sanches - 11-27 Who said large banks don't experience scale economies? Evidence from a risk-return-driven cost function
by Joseph P. Hughes & Loretta J. Mester - 11-26 A quantitative analysis of the U.S. housing and mortgage markets and the foreclosure crisis
by Satyajit Chatterjee & Burcu Eyigungor - 11-25 Real-time data and fiscal policy analysis: a survey of the literature
by Jacopo Cimadomo - 11-24 Core measures of inflation as predictors of total inflation
by Theodor M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak - 11-23 The dynamics of public investment under persistent electoral advantage
by Marina Azzimonti - 11-22 The trust preferred CDO market: from start to (expected) finish
by Larry Cordell & Michael Hopkins & Yilin Huang - 11-21 Partisan cycles and the consumption volatility puzzle
by Marina Azzimonti & Matthew Talbert - 11-20 Inference for VARs identified with sign restrictions
by Hyungsik Roger Moon & Frank Schorfheide & Eleonara Granziera & Mihye Lee - 11-19 Establishment heterogeneity, exporter dynamics, and the effects of trade liberalization
by George Alessandria & Horag Choi - 11-18 Private equity premium in a general equilibrium model of uninsurable investment risk
by Francisco Covas & Shigeru Fujita - 11-17 Limited and varying consumer attention: evidence from shocks to the salience of bank overdraft fees
by Victor Stango & Jonathan Zinman - 11-16 The long and large decline in state employment growth volatility
by Gerald Carlino & Robert DeFina & Keith Sill - 11-15 Home equity withdrawal in retirement
by Makoto Nakajima & Irina A. Telyukova - 11-14 Bankruptcy: is it enough to forgive or must we also forget?
by Ronel Elul & Piero Gottardi - 11-13 Credit cycle and adverse selection effects in consumer credit markets -- evidence from the HELOC market
by Paul Calem & Matthew Cannon & Leonard Nakamura - 11-12 Subprime mortgages and the housing bubble
by Jan K. Brueckner & Paul S. Calem & Leonard I. Nakamura - 11-11 Is technology-enhanced credit counseling as effective as in-person delivery?
by John M. Barron & Michael E. Staten - 11-10 UK World War I and interwar data for business cycle and growth analysis
by James M. Nason & Shaun P. Vahey - 11-9 Floats, pegs and the transmission of fiscal policy
by Giancarlo Corsetti & Keith Kuester & Gernot J. Muller - 11-8 A quantitative analysis of unemployment benefit extensions
by Makoto Nakajima - 11-7 Estimation and evaluation of DSGE models: progress and challenges
by Frank Schorfheide - 11-6 U.S. trade and inventory dynamics
by George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan - 11-5 Evaluating DSGE model forecasts of comovements
by Edward Herbst & Frank Schorfheide - 10-35 Effects of extended unemployment insurance benefits: evidence from the monthly CPS
by Shigeru Fujita - 09-21 Securitization and mortgage default
by Ronel Elul
2010
- 11-4 Optimal monetary policy in a model of money and credit
by Pedro Gomis-Porqueras & Daniel R. Sanches - 11-3 Strategic default on first and second lien mortgages during the financial crisis
by Julapa Jagtiani & William W. Lang - 11-2 A dynamic model of unsecured credit
by Daniel R. Sanches - 11-1 Lessons from the latest data on U.S. productivity
by Jan P.A.M Jacobs & Simon van Norden - 10-37 Consumption and time use over the life cycle
by Michael Dotsey & Wenli Li & Fang Yang - 10-36 Market run-ups, market freezes, and leverage
by Philip Bond & Yaron Leitner - 10-34 Reality of on-the-job search
by Shigeru Fujita - 10-33 The agglomeration of R&D labs
by Gerald A. Carlino & Jake Carr & Robert M. Hunt & Tony E. Smith - 10-32 Payday lending: new research and the big question
by John P. Caskey - 10-31 Insuring student loans against the risk of college failure
by Satyajit Chatterjee & Felicia Ionescu - 10-30 The emergence and future of central counterparties
by Thorsten V. Koeppl & Cyril Monnet - 10-29 Comment on Cavalcanti and Nosal's "Counterfeiting as private money in mechanism design"
by Cyril Monnet - 10-28 Inducing agents to report hidden trades: a theory of an intermediary
by Yaron Leitner - 10-27 Portage: path dependence and increasing returns in U.S. history
by Hoyt Bleakley & Jeffrey Lin. - 10-26 Corporate governance structure and mergers
by Elijah Brewer, III & William E. Jackson, III & Julapa Jagtiani - 10-25 How committed are bank lines of credit? Experiences in the subprime mortgage crisis
by Rocco Huang - 10-24 Business cycles in the equilibrium model of labor market search and self-insurance
by Makoto Nakajima - 10-23 Pairwise credit and the initial cost of lending
by Daniel R. Sanches - 10-22 Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions
by Leonard I. Nakamura - 10-21 Credit ratings and bank monitoring ability
by Leonard I. Nakamura & Kasper Roszbach. - 10-20 Sustainable monetary policy and inflation expectations
by Roc Armenter - 10-19 Evaluating real-time VAR forecasts with an informative democratic prior
by Jonathan H. Wright - 10-18 The great trade collapse of 2008-2009: an inventory adjustment?
by George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan - 10-17 Can banks circumvent minimum capital requirements? The case of mortgage portfolios under Basel II
by Christopher Henderson & Julapa Jagtiani - 10-16 Did bankruptcy reform cause mortgage default rates to rise?
by Wenli Li & Michelle J. White & Ning Zhu - 10-15 Reading the recent monetary history of the U.S., 1959-2007
by Jesus Fernández-Villaverde & Pablo Guerrón-Quintana & Juan F. Rubio-Ramírez. - 10-14 Fortune or virtue: time-variant volatilities versus parameter drifting
by Jesus Fernández-Villaverde & Pablo Guerrón-Quintana & Juan F. Rubio-Ramírez - 10-13 What "triggers" mortgage default?
by Ronel Elul & Nicholas S. Souleles & Souphala Chomsisengphet & Dennis & Glennon & Robert Hunt - 10-12 Maturity, indebtedness, and default risk
by Satyajit Chatterjee & Burcu Eyigungor - 10-11 Optimal capital income taxation with housing
by Makoto Nakajima - 10-10 Do falling iceberg costs explain recent U.S. export growth?
by George Alessandria & Horag Choi - 10-9 A revenue-based frontier measure of banking competition
by Santiago Carbó & David Humphrey & Francisco Rodríguez - 10-8 "Cream-skimming" in subprime mortgage securitizations : which subprime mortgage loans were sold by depository institutions prior to the crisis of 2007?
by Paul Calem & Christopher Henderson & Jonathan Liles - 10-7 Fraud deterrence in dynamic Mirrleesian economies
by Roc Armenter & Thomas M. Mertens - 10-6 Expectations and economic fluctuations: an analysis using survey data
by Sylvain Leduc & Keith Sill - 10-5 Real-time macroeconomic monitoring: real activity, inflation, and interactions
by S. Boragan Aruoba & Francis X. Diebold - 10-4 Common factors in small open economies: inference and consequences
by Pablo A. Guerron-Quintana - 10-3 Revisiting the role of home production in life-cycle labor supply
by R. Jason Faberman - 10-2 The implications of inflation in an estimated New-Keynesian model
by Pablo A. Guerron-Quintana - 10-1 Insuring college failure risk
by Satyajit Chatterjee & Felicia Ionescu
2009
- 09-34 How much did banks pay to become too-big-to-fail and to become systemically important?
by Elijah Brewer, III & Julapa Jagtiani - 09-33 Worker flows and job flows: a quantitative investigation
by Shigeru Fujita & Makoto Nakajima - 09-32 How important is the currency denomination of exports in open-economy models?
by Michael Dotsey & Margarida Duarte - 09-31 Internal capital markets and corporate politics in a banking group
by Martijn Cremers & Rocco Huang & Zacharias Sautner - 09-30 Creditor control of free cash flow
by Rocco Huang - 09-29 Predictive density construction and accuracy testing with multiple possibly misspecified diffusion models
by Valentina Corradi & Norman R. Swanson - 09-28 Real-time datasets really do make a difference: definitional change, data release, and forecasting
by Andres Fernandez & Norman R. Swanson - 09-27 Monetary policy implementation frameworks: a comparative analysis
by Antoine Martin & Cyril Monnet - 09-26 Banking: a mechanism design approach
by Fabrizio Mattesini & Cyril Monnet & Randall Wright - 09-25 Rising indebtedness and hyperbolic discounting: a welfare analysis
by Makoto Nakajima - 09-24 Why do markets freeze?
by Philip Bond & Yaron Leitner - 09-23 Time-varying capital requirements in a general equilibrium model of liquidity dependence
by Francisco Covas & Shigeru Fujita - 09-22 Foreclosures and house price dynamics: a quantitative analysis of the mortgage crisis and the foreclosure prevention policy
by Satyajit Chatterjee & Burcu Eyigungor - 09-20 Do uncertainty and technology drive exchange rates?
by Pablo A. Guerron-Quintana - 09-19 How much of South Korea's growth miracle can be explained by trade policy?
by Michelle Connolly & Kei-Mu Yi - 09-18 Money talks
by Marie Hoerova & Cyril Monnet & Ted Temzelides - 09-17 Technological adaptation, cities and new work
by Jeffrey Lin - 09-16 The geography of research and development activity in the U.S
by Kristy Buzard & Gerald Carlino - 09-15 Economies of scale and the size of exporters
by Roc Armenter & Miklos Koren - 09-14 The establishment-level behavior of vacancies and hiring
by Steven J. Davis & R. Jason Faberman & John C. Haltiwanger - 09-13 Frequentist inference in weakly identified DSGE models
by Pablo Guerron-Quintana & Atsushi Inoue & Lutz Kilian - 09-12 What explains the quantity and quality of local inventive activity?
by Gerald Carlino & Robert Hunt - 09-11 Intangible assets and national income accounting: measuring a scientific revolution
by Leonard I. Nakamura - 09-10 Inducing agents to report hidden trades: a theory of an intermediary
by Yaron Leitner - 09-9 The long and large decline in state employment growth volatility
by Gerald Carlino & Robert DeFina & Keith Sill - 09-8 Sticky prices versus monetary frictions: an estimation of policy trade-offs
by S. Boragan Aruoba & Frank Schorfheide - 09-7 Housing over time and over the life cycle: a structural estimation
by Wenli Li & Haiyong Liu & Rui Yao - 09-6 Inflation dynamics with labour market matching: assessing alternative specifications
by Kai Christoffel & James Costain & Gregory de Walque & Keith Kuester & Tobias Linzert & Stephen Millard & Olivier Pierrard - 09-5 Introduction to price and productivity measurement for housing
by Bert M. Balk & W. Erwin Diewert & Alice O. Nakamura - 09-4 Accounting for housing in a CPI
by W. Erwin Diewert & Alice O. Nakamura - 09-3 The dark side of bank wholesale funding
by Rocco Huang & Lev Ratnovski - 09-2 Maturity, indebtedness, and default risk
by Satyajit Chatterjee & Burcu Eyigungor - 09-1 The role of labor markets for Euro area monetary policy
by Kai Christoffel & Keith Kuester & Tobias Linzert - 07-12 Dynamics of worker flows and vacancies: evidence from the sign restriction approach
by Shigeru Fujita
2008
- 08-33 Efficient institutions
by Thorsten Koeppl & Cyril Monnet & Erwan Quintin - 08-32 Restricting consumer credit access: household survey evidence on effects around the Oregon rate cap
by Jonathan Zinman - 08-31 The (un)importance of unemployment fluctuations for welfare
by Philip Jung & Keith Kuester - 08-30 On the implementation of Markov-perfect interest rate and money supply rules: global and local uniqueness
by Michael Dotsey & Andreas Hornstein - 08-29 Insurance policies for monetary policy in the euro area
by Keith Kuester & Volker Wieland - 08-28 Rents have been rising, not falling, in the postwar period
by Theodore Crone & Leonard I. Nakamura & Richard Voith - 08-27 Information in the revision process of real-time datasets
by Valentina Corradi & Andres Fernandez & Norman Swanson - 08-26 Spinoffs and the market for ideas
by Satyajit Chatterjee & Esteban Rossi-Hansberg - 08-25 Seeing inside the black box: Using diffusion index methodology to construct factor proxies in large scale macroeconomic time series environments
by Nii Ayi Armah & Norman R. Swanson - 08-24 Predatory mortgage lending
by Philip Bond & David K. Musto & Bilge Yilmaz - 08-23 Intangible assets and national income accounting
by Leonard I. Nakamura - 08-22 City Beautiful
by Gerald A. Carlino & Albert Saiz - 08-21 Firm default and aggregate fluctuations
by Tor Jacobson & Rikard Kindell & Jesper Linde & Kasper Roszbach - 08-20 The effect of monetary tightening on local banks
by Rocco Huang - 08-19 Real-time measurement of business conditions
by S. Boragan Aruoba & Francis X. Diebold & Chiara Scotti - 08-18 In harm’s way? Payday loan access and military personnel performance
by Scott Carrell & Jonathan Zinman - 08-17 DSGE model-based forecasting of non-modelled variables
by Frank Schorfheide & Keith Sill & Maxym Kryshko - 08-16 Measuring financial asset return and volatility spillovers, with application to global equity markets
by Francis X. Diebold & Kamil Yilmaz - 08-15 The elasticity of the unemployment rate with respect to benefits
by Kai Christoffel & Keith Kuester - 08-14 The homeownership experience of households in bankruptcy
by Sarah W. Carroll & Wenli Li - 08-13 Quits, worker recruitment, and firm growth: theory and evidence
by R. Jason Faberman & Eva Nagypal - 08-12 Can multi-stage production explain the home bias in trade?
by Kei-Mu Yi - 08-11 Job flows, jobless recoveries, and the Great Moderation
by R. Jason Faberman - 08-10 Business method patents and U.S. financial services
by Robert M. Hunt - 08-9 Core measures of inflation as predictors of total inflation
by Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak - 08-8 Revisions to PCE inflation measures: implications for monetary policy
by Dean Croushore - 08-7 Monetary policy in a channel system
by Aleksander Berentsen & Cyril Monnet - 08-6 Specific capital and vintage effects on the dynamics of unemployment and vacancies
by Burcu Eyigungor - 08-5 Central bank institutional structure and effective central banking: cross-country empirical evidence
by Iftekhar Hasan & Loretta J. Mester - 08-4 Frontiers of real-time data analysis
by Dean Croushore