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Central Bank Research Hub - Chicago Fed Working papers



Does It Pay to Read Your Junk Mail? Evidence of the Effect of Advertising on Home Equity Credit Choices

by Sumit Agarwal, Brent W. AmbroseWP-2008-09
(Nov 2008)
 Abstract
 Full text

School Vouchers and Student Achievement: Recent Evidence, Remaining Questions

by Lisa Barrow, Cecilia Elena RouseWP-2008-08
(Sep 2008)
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 Full text

Inventories, Lumpy Trade, and Large Devaluations (JEL E31, F12)

by George Alessandria, Joseph Kaboski, Virgiliu MidriganWP-2008-07
(Aug 2008)
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 Full text

Scale and the Origins of Structural Change

by Francisco J. Buera, Joseph KaboskiWP-2008-06
(Aug 2008)
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 Full text

Global Inflation

by Matteo Ciccarelli, Benoît MojonWP-2008-05
(Jul 2008)
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Bank Lending, Financing Constraints and SME Investment

by Santiago Carbó Valverde, Francisco Rodríguez-Fernández, Gregory F. UdellWP-2008-04
(Jun 2008)
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 Full text

BankCaR (Bank Capital-at-Risk): A credit risk model for US commercial bank charge-offs (JEL G21, G32, G38)

by Jon Frye, Eduard PelzWP-2008-03
(May 2008)
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Displacement, Asymmetric Information and Heterogeneous Human Capital (JEL J6, J7)

by Luojia Hu, Christopher TaberWP-2008-02
(May 2008)
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A Leverage-based Model of Speculative Bubbles

by Gadi BarlevyWP-2008-01
(May 2008)
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 Full text

2007

Labor Market Transitions and Self-Employment

by Ellen RissmanWP-2007-14
(Dec 2007)
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How the Credit Channel Works: Differentiating the Bank Lending Channel and the Balance Sheet Channel

by Lamont K. Black, Richard J. RosenWP-2007-13
(Dec 2007)
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 Full text

Nonparametric Analysis of Intergenerational Income Mobility with Application to the United States

by Debopam Bhattacharya, Bhashkar MazumderWP-2007-12
(Dec 2007)
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 Full text

Portfolio Choice over the Life-Cycle when the Stock and Labor Markets are Cointegrated

by Luca Benzoni, Pierre Collin-Dufresne, Robert S. GoldsteinWP-2007-11
(Nov 2007)
 Abstract
 Full text

The Reaction of Consumer Spending and Debt to Tax Rebates - Evidence from Consumer Credit Data (JEL D91, E21, E51, E62, G2, H31)

by Sumit Agarwal, Chunlin Liu, Nicholas S. SoulelesWP-2007-10
(Nov 2007)
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Conflict of Interest and Certification in the U.S. IPO Market

by Luca Benzoni, Carola SchenoneWP-2007-09
(Oct 2007)
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Estate Taxation, Entrepreneurship, and Wealth

by Marco Cagetti, Mariacristina De NardiWP-2007-08
(Aug 2007)
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Monetary Policy, Output Composition and the Great Moderation

by Benoît MojonWP-2007-07
(Jul 2007)
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Information Acquisition in Financial Markets: a Correction

by Gadi Barlevy, Pietro VeronesiWP-2007-06
(Jun 2007)
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The Age of Reason: Financial Decisions Over the Lifecycle (JEL D1, D8, G2, J14)

by Sumit Agarwal, John C. Driscoll, Xavier Gabaix, David LaibsonWP-2007-05
(Jun 2007)
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Debit Card and Cash Usage: A Cross-Country Analysis (JEL D23, E41, G21)

by Eugene Amromin, Sujit ChakravortiWP-2007-04
(Apr 2007)
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 Full text

Assessing a Decade of Interstate Bank Branching

by Christian A. Johnson, Tara RiceWP-2007-03
(Apr 2007)
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 Full text

Fast Micro and Slow Macro: Can Aggregation Explain the Persistence of Inflation? (JEL E31, E32)

by Filippo Altissimo, Benoît Mojon, Paolo ZaffaroniWP-2007-02
(Mar 2007)
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Risk Taking and the Quality of Informal Insurance: Gambling and Remittances in Thailand (JEL D8, G11, L83, O12)

by Douglas L. Miller, Anna PaulsonWP-2007-01
(Feb 2007)
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The Impact of Mexican Immigrants on U.S. Wage Structure (JEL J61, J62)

by Maude Toussaint-ComeauWP-2007-24
(Jan 2007)
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The Spending and Debt Responses to Minimum Wage Increases

by Daniel Aaronson, Sumit Agarwal, Eric FrenchWP-2007-23
(Jan 2007)
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Prenatal Nutrition and Adult Outcomes: The Effect of Maternal Fasting During Ramadan

by Douglas Almond, Bhashkar MazumderWP-2007-22
(Jan 2007)
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 Full text

Cyclical Dumping and US Antidumping Protection: 1980-2001 (JEL F12, F13)

by Meredith CrowleyWP-2007-21
(Jan 2007)
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 Full text

A Conversation with 590 Nascent Entrepreneurs (JEL L26, M13)

by Jeffrey R. Campbell, Mariacristina De NardiWP-2007-20
(Jan 2007)
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 Full text

Demand Volatility and the Lag between the Growth of Temporary and Permanent Employment (JEL J01, R1)

by Sainan Jin, Yukako Ono, Qinghua ZhangWP-2007-19
(Jan 2007)
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 Full text

The Widow's Offering: Inheritance, Family Structure, and the Charitable Gifts of Women

by Leslie McGranahanWP-2007-18
(Jan 2007)
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 Full text

Technology's Edge: The Educational Benefits of Computer-Aided Instruction

by Lisa Barrow, Lisa Markham, Cecilia Elena RouseWP-2007-17
(Jan 2007)
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 Full text

Establishments Dynamics and Matching Frictions in Classical Competitive Equilibrium (JEL E32, J63, J64)

by Marcelo VeraciertoWP-2007-16
(Jan 2007)
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First-Time Home Buyers and Residential Investment Volatility (JEL E22, E32, J11, R21)

by Jonas D. M. Fisher, Martin GervaisWP-2007-15
(Jan 2007)
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 Full text

2006

Oligopoly Dynamics with Barriers to Entry (JEL L13, L41)

by Jaap H. Abbring, Jeffrey R. CampbellWP-2006-29
(Dec 2006)
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Last-In First-Out Oligopoly Dynamics (JEL L13)

by Jaap H. Abbring, Jeffrey R. CampbellWP-2006-28
(Dec 2006)
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Welfare Implications of the Transition to High Household Debt (JEL E44, E65)

by Jeffrey R. Campbell, Zvi HercowitzWP-2006-27
(Dec 2006)
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Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates? (JEL G21, L11)

by Evren Örs, Tara RiceWP-2006-26
(Dec 2006)
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What Can We Learn about Financial Access from U.S. Immigrants?

by Una Okonkwo Osili, Anna PaulsonWP-2006-25
(Dec 2006)
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Manufacturing Plants' Use of Temporary Workers: An Analysis Using Census Micro Data (JEL J2, J3)

by Yukako Ono, Daniel G. SullivanWP-2006-24
(Dec 2006)
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How Did Schooling Laws Improve Long-Term Health and Lower Mortality? (REVISED January, 2007)

by Bhashkar MazumderWP-2006-23
(Dec 2006)
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The Agreement on Subsidies and Countervailing Measures: Tying One's Hand through the WTO

by Meredith CrowleyWP-2006-22
(Dec 2006)
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Mortality, Mass-Layoffs, and Career Outcomes: An Analysis using Administrative Data (JEL I10, J65, J68)

by Daniel G. Sullivan, Till von WachterWP-2006-21
(Dec 2006)
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Evolving Agglomeration in the U.S. auto supplier industry (JEL L62, R15, R30)

by Thomas H. Klier, Daniel McMillenWP-2006-20
(Dec 2006)
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How Professional Forecasters View Shocks to GDP

by Spencer KraneWP-2006-19
(Dec 2006)
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Will Writing and Bequest Motives: Early 20th Century Irish Evidence

by Leslie McGranahanWP-2006-18
(Dec 2006)
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How Did the 2003 Dividend Tax Cut Affect Stock Prices?

by Eugene Amromin, Paul Harrison, Steven SharpeWP-2006-17
(Nov 2006)
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Transforming Payment Choices by Doubling Fees on the Illinois Tollway

by Eugene Amromin, Carrie Jankowski, Richard PorterWP-2006-16
(Nov 2006)
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Do Bonds Span Volatility Risk in the U.S. Treasury Market? A Specification Test for Affine Term Structure Models

by Torben G. Andersen, Luca BenzoniWP-2006-15
(Nov 2006)
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Eat or Be Eaten: A Theory of Mergers and Firm Size (JEL G34)

by Gary Gorton, Matthias Kahl, Richard J. RosenWP-2006-14
(Nov 2006)
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Female Offenders Use of Social Welfare Programs Before and After Jail and Prison: Does Prison Cause Welfare Dependency?

by Kristin Butcher, Robert J. LaLondeWP-2006-13
(Nov 2006)
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Chronicles of a Deflation Unforetold

by François VeldeWP-2006-12
(Nov 2006)
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Do Consumers Choose the Right Credit Contracts? (JEL E21, E51, G11, G21)

by Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Nicholas S. SoulelesWP-2006-11
(Nov 2006)
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Two Flaws In Business Cycle Accounting

by Lawrence J. Christiano, Joshua M. DavisWP-2006-10
(Nov 2006)
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Mergers and Risk

by Craig H. Furfine, Richard J. RosenWP-2006-09
(Sep 2006)
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A New Social Compact: How University Engagement Can Fuel Innovation

by Larry Isaak, Rick Mattoon, Laura MelleWP-2006-08
(Sep 2006)
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Taxation, Entrepreneurship, and Wealth

by Marco Cagetti, Mariacristina De NardiWP-2006-07
(Sep 2006)
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 Full text

Why are safeguards needed in a trade agreement?

by Meredith CrowleyWP-2006-06
(Jul 2006)
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The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings

by Eugene Amromin, Jennifer Huang, Clemens SialmWP-2006-05
(Jul 2006)
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Tax Riots

by Marco Bassetto, Christopher PhelanWP-2006-04
(May 2006)
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Identification of Search Models with Initial Condition Problems

by Gadi Barlevy, H. N. NagarajaWP-2006-03
(Mar 2006)
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 Full text

Redistribution, Taxes, and the Median Voter (JEL H21, H23)

by Marco Bassetto, Jess BenhabibWP-2006-02
(Feb 2006)
 Abstract
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U.S. Corporate and Bank Insolvency Regimes: An Economic Comparison and Evaluation (JEL G21, G33, K23)

by Robert R. Bliss, George KaufmanWP-2006-01
(Jan 2006)
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2005

The Changing Pattern of Wage Growth for Low Skilled Workers

by Eric French, Bhashkar Mazumder, Christopher TaberWP-2005-24
(Dec 2005)
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 Full text

Do Enclaves Matter in Immigrants' Self-Employment Decision? (JEL A13, F15, J23, J61, O15)

by Maude Toussaint-ComeauWP-2005-23
(Dec 2005)
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Supplier Switching and Outsourcing (JEL L10, L14, L24)

by Yukako Ono, Victor StangoWP-2005-22
(Dec 2005)
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 Full text

Universal Access, Cost Recovery, and Payment Services (JEL D72, E58, G28, H42)

by Sujit Chakravorti, Jeffery W. Gunther, Robert R. MooreWP-2005-21
(Dec 2005)
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The Incidence of Inflation: Inflation Experiences by Demographic Group: 1981-2004

by Leslie McGranahan, Anna PaulsonWP-2005-20
(Dec 2005)
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 Full text

Why are Immigrants' Incarceration Rates So Low? Evidence on Selective Immigration, Deterrence, and Deportation

by Kristin Butcher, Anne Morrison PiehlWP-2005-19
(Dec 2005)
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 Full text

Clustering of Auto Supplier Plants in the U.S.: GMM Spatial Logit for Large Samples (JEL L62, R15, R30)

by Thomas H. Klier, Dan McMillenWP-2005-18
(Dec 2005)
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Why Do Firms Go Public? Evidence from the Banking Industry (JEL G21, G32, G34)

by Richard J. Rosen, Scott B. Smart, Chad J. ZutterWP-2005-17
(Dec 2005)
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Competition in Large Markets (JEL L11, L81)

by Jeffrey R. CampbellWP-2005-16
(Dec 2005)
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 Full text

Causality, Causality, Causality: The View of Education Inputs and Outputs from Economics

by Lisa Barrow, Cecilia Elena RouseWP-2005-15
(Dec 2005)
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Fixed Term Employment Contracts in an Equilibrium Search Model

by Fernando Alvarez, Marcelo VeraciertoWP-2005-14
(Dec 2005)
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Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles

by Mariacristina De Nardi, Eric French, John Bailey JonesWP-2005-13
(Dec 2005)
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Intergenerational Economic Mobility in the U.S., 1940 to 2000 (JEL D3, J0, J62)

by Daniel Aaronson, Bhashkar MazumderWP-2005-12
(Nov 2005)
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 Full text

What Determines Bilateral Trade Flows? (JEL C23, F10)

by Marianne Baxter, Michael KouparitsasWP-2005-11
(Nov 2005)
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Wealth inequality: data and models

by Marco Cagetti, Mariacristina De NardiWP-2005-10
(Oct 2005)
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 Full text

Entrepreneurship, Frictions, and Wealth

by Marco Cagetti, Mariacristina De NardiWP-2005-09
(Oct 2005)
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Rigid Prices: Evidence from U.S. Scanner Data (JEL E31, L16, L81)

by Jeffrey R. Campbell, Benjamin EdenWP-2005-08
(Oct 2005)
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Politics and Efficiency of Separating Capital and Ordinary Government Budgets

by Marco Bassetto, Thomas J. SargentWP-2005-07
(Oct 2005)
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Price discovery in a market under stress: the U.S. Treasury market in fall 1998

by Craig H. Furfine, Eli M. RemolonaWP-2005-06
(Oct 2005)
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Characterizations in a random record model with a non-identically distributed initial record

by Gadi Barlevy, H. N. NagarajaWP-2005-05
(Sep 2005)
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 Full text

Risk Overhang and Loan Portfolio Decisions (JEL G11, G21)

by Robert DeYoung, Anne Gron, Andrew WintonWP-2005-04
(Aug 2005)
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Derivatives and Systemic Risk: Netting, Collateral, and Closeout (JEL G18, G28, G33)

by Robert Bliss, George KaufmanWP-2005-03
(May 2005)
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 Full text

Do Returns to Schooling Differ by Race and Ethnicity?

by Lisa Barrow, Cecilia Elena RouseWP-2005-02
(Feb 2005)
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 Full text

Firm-Specific Capital, Nominal Rigidities and the Business Cycle (JEL E3, E4, E5)

by David Altig, Lawrence J. Christiano, Martin Eichenbaum, Jesper LindeWP-2005-01
(Feb 2005)
 Abstract