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2015

15-9 Insider bank runs: community bank fragility and the financial crisis of 2007
by Henderson, Christopher & Lang, William W. & Jackson, William E.
15-8 Credit risk modeling in segmented portfolios: an application to credit cards
by Canals-Cerda, Jose J. & Kerr, Sougata
15-7 A seniority arrangement for sovereign debt
by Chatterjee, Satyajit & Eyigungor, Burcu
15-6 History and the sizes of cities
by Bleakley, Hoyt & Lin, Jeffrey
15-5 Weather-adjusting employment data
by Boldin, Michael D. & Wright, Jonathan H.
15-4 Housing over time and over the life cycle: a structural estimation
by Li, Wenli & Liu, Haiyong & Yang, Fang & Yao, Rui
15-3 Localized Knowledge Spillovers: Evidence from the Agglomeration of American R&D Labs and Patent Data
by Buzard, Kristy & Carlino, Gerald A. & Hunt, Robert M. & Carr, Jake & Smith, Tony E.
15-1 House-price expectations, alternative mortgage products, and default
by Brueckner, Jan K. & Calem, Paul S. & Nakamura, Leonard I.

2014

15-2 Recourse and residential mortgages: the case of Nevada
by Li, Wenli & Oswald, Florian
14-38 Understanding house price index revisions
by Elul, Ronel & Silverstein, Joseph M. & Stark, Tom
14-37 Banking panics and protracted recessions
by Sanches, Daniel R.
14-36 Enhancing prudential standards in financial regulations
by Allen, Franklin & Goldstein, Itay & Jagtiani, Julapa & Lang, William W.
14-35 Using bankruptcy to reduce foreclosures: does strip-down of mortgages affect the supply of mortgage credit?
by Li, Wenli & Tewari, Ishani & White, Michelle J.
14-34 Sourcing substitution and related price index biases
by Nakamura, Alice O. & Diewert, W. Erwin & Greenlees, John S. & Nakamura, Leonard I. & Reinsdorf, Marshall B.
14-33 An anatomy of u.s. Personal bankruptcy under chapter 13
by Eraslan, Hulya & Koşar, Gizem & Li, Wenli & Sarte, Pierre-Daniel G.
14-32 The supply and demand of skilled workers in cities and the role of industry composition
by Brinkman, Jeffrey
14-31 Credit, bankruptcy, and aggregate fluctuations
by Nakajima, Makoto & Rios-Rull, Jose-Victor
14-30 Microeconomic uncertainty, international trade, and aggregate fluctuations
by Alessandria, George & Choi, Horag & Kaboski, Joseph P. & Midrigan, Virgiliu
14-29 Analyzing data revisions with a dynamic stochastic general equilibrium model
by Croushore, Dean & Sill, Keith
14-28 Identity theft as a teachable moment
by Cheney, Julia S. & Hunt, Robert M. & Mikhed, Vyacheslav & Ritter, Dubravka & Vogan, Michael
14-27 Reverse mortgage loans: a quantitative analysis
by Nakajima, Makoto & Telyukova, Irina A.
14-26 Agglomeration and innovation
by Carlino, Gerald A. & Kerr, William R.
14-25 Credit access after consumer bankruptcy filing: new evidence
by Jagtiani, Julapa & Li, Wenli
14-24 Lliquidity, trends, and the great recession
by Guerron-Quintana, Pablo & Jinnai, Ryo
14-23 The impact of the home valuation code of conduct on appraisal and mortgage outcomes
by Ding, Lei & Nakamura, Leonard I.
14-22 Fiscal policy: ex ante and ex post
by Croushore, Dean & van Norden, Simon
14-21 Should defaults be forgotten? Evidence from variation in removal of negative consumer credit information
by Bos, Marieke & Nakamura, Leonard I.
14-20 Macro fiscal policy in economic unions: states as agents
by Carlino, Gerald A. & Inman, Robert P.
14-19 Partisan conflict
by Azzimonti-Renzo, Marina
14-18 Financial benefits, travel costs, and bankruptcy
by Mikhed, Vyacheslav & Scholnick, Barry
14-17 How do exogenous shocks cause bankruptcy? Balance sheet and income statement channels
by Mikhed, Vyacheslav & Scholnick, Barry
14-16 The evolution of u.s. Community banks and its impact on small business lending
by Jagtiani, Julapa & Kotliar, Ian & Maingi, Ramain Quinn
14-15 Meeting technologies and optimal trading mechanisms in competitive search markets
by Lester, Benjamin & Visschers, Ludo & Wolthoff, Ronald
14-14 Trade adjustment dynamics and the welfare gains from trade
by Alessandria, George & Choi, Horag & Ruhl, Kim J.
14-13 Capital requirements in a quantitative model of banking industry dynamics
by Corbae, Dean & D'Erasmo, Pablo
14-12 Market exposure and endogenous firm volatility over the business cycle
by Decker, Ryan & D'Erasmo, Pablo & Moscoso Boedo, Herman J.
14-11 Misallocation, informality, and human capital: understanding the role of institutions
by D'Erasmo, Pablo & Moscoso Boedo, Herman J. & Senkal, Asli
14-10 Forecasting credit card portfolio losses in the Great Recession: a study in model risk
by Canals-Cerda, Jose J. & Kerr, Sougata
14-9 Competing for order flow in OTC markets
by Lester, Benjamin & Rocheteau, Guillaume & Weill, Pierre-Olivier
14-8 Foreclosure delay and consumer credit performance
by Calem, Paul S. & Jagtiani, Julapa & Lang, William W.
14-7 The economics of debt collection: enforcement of consumer credit contracts
by Fedaseyeu, Viktar & Hunt, Robert M.
14-6 Continuous Markov equilibria with quasi-geometric discounting
by Chatterjee, Satyajit & Eyigungor, Burcu
14-5 The continuing power of the yield spread in forecasting recessions
by Croushore, Dean & Marsten, Katherine

2013

14-4 Shrinkage estimation of high-dimensional factor models with structural instabilities
by Cheng, Xu & Liao, Zhipeng & Schorfheide, Frank
14-3 Recall and unemployment
by Fujita, Shigeru & Moscarini, Giuseppe
14-2 The perils of nominal targets
by Armenter, Roc
14-1 A tale of two commitments: equilibrium default and temptation
by Nakajima, Makoto
13-49 Competition, syndication, and entry in the venture capital market
by Hong, Suting
13-48 Natural amenities, neighborhood dynamics, and persistence in the spatial distribution of income
by Lee, Sanghoon & Lin, Jeffrey
13-47 Assessing DSGE model nonlinearities
by S. Boragan Aruoba & Luigi Bocola & Frank Schorfheide
13-46 Fiscal stimulus and distortionary taxation
by Thorsten Drautzburg & Harald Uhlig
13-45 Entrepreneurial tail risk: implications for employment dynamics
by Thorsten Drautzburg
13-44 Polarized business cycles
by Marina Azzimonti
13-43 The dynamics of public investment under persistent electoral advantage
by Marina Azzimonti
13-42 Dynamic market participation and endogenous information aggregation
by Edison G. Yu
13-41 The political polarization index
by Marina Azzimonti
13-40 Macro fiscal policy in economic unions: states as agents
by Gerald Carlino & Robert P. Inman
13-39 Identifying long-run risks: a bayesian mixed-frequency approach
by Frank Schorfheide & Dongho Song & Amir Yaron
13-38 Debt collection agencies and the supply of consumer credit
by Viktar Fedaseyeu
13-37 Do supply restrictions raise the value of urban land? The (neglected) role of production externalities
by Satyajit Chatterjee & Burcu Eyigungor
13-36 House-price expectations, alternative mortgage products, and default
by Jan K. Brueckner & Paul S. Calem & Leonard I. Nakamura
13-35 Inflation and real activity with firm-level productivity shocks
by Michael Dotsey & Robert G. King & Alexander L. Wolman
13-34 Reverse Kalman filtering U.S. inflation with sticky professional forecasts
by James M. Nason & Gregor W. Smith
13-33 Export dynamics in large devaluations
by George Alessandria & Sangeeta Pratap & Vivian Yue
13-32 On the welfare properties of fractional reserve banking
by Daniel Sanches
13-31 Measuring the performance of banks: theory, practice, evidence, and some policy implications
by Joseph P. Hughes & Loretta J. Mester
13-30 Debt dilution and seniority in a model of defaultable sovereign debt
by Satyajit Chatterjee & Burcu Eyigungor
13-29 Macroeconomic dynamics near the ZLB: a tale of two equilibria
by S. Boragan Aruoba & Frank Schorfheide
13-28 Banking crises and the role of bank coalitions
by Daniel R. Sanches
13-27 Reverse mortgage loans: a quantitative analysis
by Makoto Nakajima & Irina A. Telyukova
13-26 Stress tests and information disclosure
by Itay Goldstein & Yaron Leitner
13-25 Congestion, agglomeration, and the structure of cities
by Jeffrey C. Brinkman
13-24 Credit access and credit performance after consumer bankruptcy filing: new evidence
by Julapa Jagtiani & Wenli Li
13-23 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
13-22 Trend-cycle decomposition: implications from an exact structural identification
by Mardi Dungey & Jan P.A.M. Jacobs & Jing Tian & Simon van Norden
13-21 Credit ratings and bank monitoring ability
by Leonard I. Nakamura & Kasper Roszbach.
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 Carlino, Gerald A. & Hunt, Robert M. & Carr, Jake K. & Smith, Tony E.
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 Carlino, Gerald A. & Carr, Jake K. & Hunt, Robert M. & Smith, Tony E.
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 Carlino, Gerald A. & Carr, Jake & Hunt, Robert M. & Smith, Tony E.
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

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