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Central Bank Research Hub - Federal Reserve Board FEDS series (Finance and Economics Discussion Series)



Imperfect Information and Monetary Models: Multiple Shocks and their Consequences

by Leon W. Berkelmans2008-58
(Nov 2008)
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School Desegregation, School Choice and Changes in Residential Location Patterns by Race

by Nathaniel Baum-Snow and Byron Lutz2008-57
(Nov 2008)
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Uncertainty and Disagreement in Economic Forecasting (JEL C53, E37, E47)

by Stefania D'Amico and Athanasios Orphanides2008-56
(Nov 2008)
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Specification Analysis of Structural Credit Risk Models (JEL C51, C52, G12, G13)

by Jing-zhi Huang and Hao Zhou2008-55
(Nov 2008)
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Does Credit Supply Affect Small-Firm Finance?

by Tara Rice and Philip E. Strahan2008-54
(Nov 2008)
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The Effect of Capital Gains Taxation on Home Sales: Evidence from the Taxpayer Relief Act of 1997 (JEL H24, H31, R21)

by Hui Shan2008-53
(Nov 2008)
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Research and development, profits and firm value: A structural estimation

by Missaka Warusawitharana2008-52
(Oct 2008)
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Property Taxes and Elderly Labor Supply (JEL H31, H71, J14, J22)

by Hui Shan2008-51
(Oct 2008)
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Property Taxes and Elderly Mobility (JEL H31, H71, R21)

by Hui Shan2008-50
(Oct 2008)
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Do Behavioral Biases Adversely Affect the Macro-Economy? (JEL E10, G11, G12)

by George M. Korniotis and Alok Kumar2008-49
(Oct 2008)
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The Connection Between House Price Appreciation and Property Tax Revenues

by Byron F. Lutz2008-48
(Oct 2008)
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Productivity, Aggregate Demand and Unemployment Fluctuations (JEL E32, E37, E52, J64)

by Regis Barnichon2008-47
(Oct 2008)
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Lowering the Anchor: How the Bank of England's Inflation-Targeting Policies have Shaped Inflation Expectations and Perceptions of Inflation Risk

by Meredith J. Beechey2008-44
(Sep 2008)
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The Incentives of Mortgage Servicers: Myths and Realities

by Larry Cordell, Karen Dynan, Andreas Lehnert, Nellie Liang, and Eileen Mauskopf2008-46
(Sep 2008)
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The use of alternative employment arrangements by small businesses: Evidence from the 2003 Survey of Small Business Finances

by Traci L. Mach and John A. Holmes2008-45
(Sep 2008)
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Distress in the Financial Sector and Economic Activity (JEL E44, E50, G20)

by Mark A. Carlson, Thomas B. King, and Kurt F. Lewis2008-43
(Sep 2008)
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Borrowing From Yourself: 401(k) Loans and Household Balance Sheets (JEL E21, G23, H24)

by Geng Li and Paul A. Smith2008-42
(Sep 2008)
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The Causes and Consequences of Economic Restructuring: Evidence from the Early 21st Century (JEL E24, E32, J24, J64)

by Andrew Figura and William Wascher2008-41
(Sep 2008)
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Effects of Liquidity on the Nondefault Component of Corporate Yield Spreads: Evidence from Intraday Transactions Data (JEL G12, G13, G14)

by Song Han and Hao Zhou2008-40
(Sep 2008)
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The High-Frequency Impact of News on Long-Term Yields and Forward Rates: Is It Real? (JEL E43, E52, G14)

by Meredith J. Beechey and Jonathan H. Wright2008-39
(Aug 2008)
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Estimating the common trend rate of inflation for consumer prices and consumer prices excluding food and energy prices

by Michael T. Kiley2008-38
(Aug 2008)
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Temporal Risk Aversion and Asset Prices

by Skander J. Van den Heuvel2008-37
(Aug 2008)
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Insider Rates vs. Outsider Rates in Lending (JEL C72, D44, D82, G21)

by Lamont K. Black2008-36
(Aug 2008)
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Banking Market Definition: Evidence from the Survey of Consumer Finances

by Dean F. Amel, Arthur B. Kennickell, and Kevin B. Moore2008-35
(Aug 2008)
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Does Distance Matter in Banking?

by Kenneth P. Brevoort and John D. Wolken2008-34
(Jul 2008)
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Monetary Policy in a Forward-Looking Input-Output Economy

by Brad E. Strum2008-33
(Jul 2008)
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Consumer Switching Costs and Firm Pricing: Evidence From Bank Pricing of Deposit Accounts

by Timothy H. Hannan2008-32
(Jul 2008)
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Zero Bound, Option-Implied PDFs, and Term Structure Models

by Don H. Kim2008-31
(Jun 2008)
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Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices

by Stefania D'Amico, Don H. Kim, and Min Wei2008-30
(Jun 2008)
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A Brief History of the 1987 Stock Market Crash

by Mark Carlson2008-29
(Jun 2008)
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Market Conditions and Hedge Fund Survival

by Mark Carlson and Jason Steinman2008-28
(Jun 2008)
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Lifecycle Dynamics of Income Uncertainty and Consumption (JEL E21)

by James Feigenbaum and Geng Li2008-27
(Jun 2008)
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Starting Small and Ending Big -- The Effect of Monetary Incentives on Response Rates in the 2003 Survey of Small Business Finances: An Observational Experiment

by Traci L. Mach, Lieu N. Hazelwood, and John D. Wolken2008-26
(Jun 2008)
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Term Premiums and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset

by Jonathan H. Wright2008-25
(May 2008)
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The Effect of Taxation on Lifecycle Labor Supply: Results from a Quasi-Experiment (JEL H2, J2)

by Jane K. Dokko2008-24
(May 2008)
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Are Long-Run Inflation Expectations Anchored More Firmly in the Euro Area than in the United States? (JEL E31, E52, E58)

by Meredith J. Beechey, Benjamin K. Johannsen, and Andrew T. Levin2008-23
(May 2008)
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Corporate Hedging, Investment and Value

by Jose M. Berrospide, Amiyatosh Purnanandam, and Uday Rajan2008-22
(May 2008)
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Nested Simulation in Portfolio Risk Measurement (JEL C15, G32)

by Michael B. Gordy and Sandeep Juneja2008-21
(Apr 2008)
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A New Look at the Wealth Adequacy of Older U.S. Households

by David A. Love, Paul A. Smith, and Lucy C. McNair2008-20
(Apr 2008)
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Happiness Maintenance and Asset Prices

by Antonio Falato2008-19
(Apr 2008)
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Exchange rates, Optimal Debt Composition, and Hedging in Small Open Economies

by Jose Berrospide2008-18
(Apr 2008)
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Expectations of risk and return among household investors: Are their Sharpe ratios countercyclical?

by Gene Amromin and Steven A. Sharpe2008-17
(Apr 2008)
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Corporate Hedging, Investment and Value

by Jose M. Berrospide, Amiyatosh Purnanandam, and Uday Rajan2008-16
(Apr 2008)
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Lack of Signal Error (LoSE) and Implications for OLS Regression: Measurement Error for Macro Data

by Jeremy J. Nalewaik2008-15
(Mar 2008)
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Firm Dynamics with Infrequent Adjustment and Learning

by Eugenio Pinto2008-14
(Mar 2008)
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The Trajectory of Wealth in Retirement

by David A. Love, Michael G. Palumbo, and Paul A. Smith2008-13
(Mar 2008)
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The Effect of Satellite Entry on Product Quality for Cable Television

by Chenghuan Sean Chu2008-12
(Mar 2008)
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Paying to Save: Tax Withholding and Asset Allocation Among Low- and Moderate-Income Taxpayers

by Michael S. Barr and Jane K. Dokko2008-11
(Mar 2008)
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Does the NEA Crowd Out Private Charitable Contributions to the Arts?

by Jane K. Dokko2008-10
(Mar 2008)
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The Human Capital That Matters: Expected Returns and the Income of Affluent Households

by Sean D. Campbell and George M. Korniotis2008-09
(Mar 2008)
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The "Growing Pains" of TIPS Issuance

by Jennifer E. Roush2008-08
(Feb 2008)
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Alternatives for Distressed Banks and the Panics of the Great Depression

by Mark Carlson2008-07
(Feb 2008)
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Challenges in Macro-Finance Modeling

by Don Kim2008-06
(Feb 2008)
 Abstract

The TIPS Yield Curve and Inflation Compensation

by Refet S. Gürkaynak, Brian Sack, and Jonathan H. Wright2008-05
(Feb 2008)
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Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values

by Julia Coronado, Olivia S. Mitchell, Steven A. Sharpe, and S. Blake Nesbitt2008-04
(Feb 2008)
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Monetary Policy Actions and Long-Run Inflation Expectations

by Michael T. Kiley2008-03
(Feb 2008)
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Recent Trends in the Number and Size of Bank Branches: An Examination of Likely Determinants

by Timothy H. Hannan and Gerald A. Hanweck2008-02
(Jan 2008)
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The Jumbo-Conforming Spread: A Semiparametric Approach

by Shane M. Sherlund2008-01
(Jan 2008)
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2007

Continuous Time Extraction of a Nonstationary Signal with Illustrations in Continuous Low-pass and Band-pass Filtering

by Tucker S. McElroy and Thomas M. Trimbur2007-68
(Dec 2007)
 Abstract

Nominal Mortgage Contracts and the Effects of Inflation on Portfolio Allocation

by Joseph B. Nichols2007-67
(Dec 2007)
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Stability of Risk Preference

by Claudia R. Sahm2007-66
(Dec 2007)
 Abstract

Bank Core Deposits and the Mitigation of Monetary Policy

by Lamont Black, Diana Hancock, and Wayne Passmore2007-65
(Dec 2007)
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Two Pitfalls of Linearization Methods

by Jinill Kim and Sunghyun Henry Kim2007-64
(Dec 2007)
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Explaining a Productive Decade

by Stephen D. Oliner, Daniel E. Sichel, and Kevin J. Stiroh2007-63
(Dec 2007)
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Risk and Concentration in Payment and Securities Settlement Systems

by David C. Mills, Jr. and Travis D. Nesmith2007-62
(Dec 2007)
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The Evolution of Household Income Volatility

by Karen E. Dynan, Douglas W. Elmendorf, and Daniel E. Sichel2007-61
(Nov 2007)
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Hyperbolic Discounting and Uniform Savings Floors

by Benjamin A. Malin2007-59
(Nov 2007)
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Gauging the Uncertainty of the Economic Outlook from Historical Forecasting Errors

by David Reifschneider and Peter Tulip2007-60
(Nov 2007)
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Imperfect Monitoring and the Discounting of Inside Money

by David C. Mills, Jr.2007-58
(Nov 2007)
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Financial Market Perceptions of Recession Risk

by Thomas B. King, Andrew T. Levin, and Roberto Perli2007-57
(Oct 2007)
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Welfare-Maximizing Monetary Policy under Parameter Uncertainty

by Rochelle M. Edge, Thomas Laubach, and John C. Williams2007-56
(Oct 2007)
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Implied Interest Rate Skew, Term Premiums, and the "Conundrum"

by J. Benson Durham2007-55
(Oct 2007)
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Reserve Requirement Systems in OECD Countries

by Yueh-Yun C. O’Brien2007-54
(Oct 2007)
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Documentation of the Research and Statistics Division's Estimated DSGE Model of the U.S. Economy: 2006 Version

by Rochelle M. Edge, Michael T. Kiley, and Jean-Philippe Laforte2007-53
(Oct 2007)
 Abstract

Do High Debt Payments Hinder Household Consumption Smoothing?

by Kathleen W. Johnson and Geng Li2007-52
(Oct 2007)
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The Effects of Past Entry, Market Consolidation, and Expansion by Incumbents on the Probability of Entry

by Robert M. Adams and Dean F. Amel2007-51
(Oct 2007)
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Choice of Mortgage Contracts: Evidence from the Survey of Consumer Finances

by Brahima Coulibaly and Geng Li2007-50
(Oct 2007)
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Operational Problems and Aggregate Uncertainty in the Federal Funds Market

by Elizabeth Klee2007-49
(Oct 2007)
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Habit Persistence, Non-separability Between Consumption and Leisure, or Rule-of-Thumb Consumers: Which Accounts for the Predictability of Consumption Growth?

by Michael T. Kiley2007-48
(Oct 2007)
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Credit Derivatives and Risk Management

by Michael S. Gibson2007-47
(Oct 2007)
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Cracking the Conundrum

by David Backus and Jonathan H. Wright2007-46
(Oct 2007)
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Does Health Affect Portfolio Choice?

by Paul Smith and David Love2007-45
(Oct 2007)
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Will Monetary Policy Become More of a Science?

by Frederic S. Mishkin2007-44
(Sep 2007)
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Combining Forecasts From Nested Models (JEL C52, C53)

by Todd E. Clark and Michael W. McCracken2007-43
(Sep 2007)
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Averaging Forecasts from VARs with Uncertain Instabilities (JEL C32, C53, E37)

by Todd E. Clark and Michael W. McCracken2007-42
(Sep 2007)
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Forecasting with Small Macroeconomic VARs in the Presence of Instabilities (JEL C53, E17, E37)

by Todd E. Clark and Michael W. McCracken2007-41
(Sep 2007)
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Housing and the Monetary Transmission Mechanism

by Frederic S. Mishkin2007-40
(Sep 2007)
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An Efficiency Perspective on the Gains from Mergers and Asset Purchases

by Sugata Ray and Missaka Warusawitharana2007-39
(Aug 2007)
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Transaction Costs and Consumption

by Geng Li2007-38
(Aug 2007)
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The Rise in U.S. Household Indebtedness: Causes and Consequences

by Karen E. Dynan and Donald L. Kohn2007-37
(Aug 2007)
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Why Do Firms Offer Risky Defined Benefit Pension Plans?

by David A. Love, Paul A. Smith, and David Wilcox2007-36
(Aug 2007)
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Executive Compensation: A New View from a Long-Term Perspective, 1936-2005

by Carola Frydman and Raven E. Saks2007-35
(Aug 2007)
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News, Noise, and Estimates of the "True" Unobserved State of the Economy

by Dennis J. Fixler and Jeremy J. Nalewaik2007-34
(Aug 2007)
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Robust Monetary Policy with Imperfect Knowledge (JEL E52)

by Athanasios Orphanides and John C. Williams2007-33
(Aug 2007)
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Labor Reallocation over the Business Cycle: New Evidence from Internal Migration

by Raven E. Saks and Abigail Wozniak2007-32
(Aug 2007)
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