Inventories, Lumpy Trade, and Large Devaluations | by George Alessandria, Joseph Kaboski, and Virgiliu Midrigan | wp08-03 (Apr 2008) | Full text |
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Optimal Industrial Structure in Banking | by Loretta J. Mester | wp08-02 (Apr 2008) | Full text |
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Efficiency in Banking: Theory, Practice, and Evidence | by Joseph P. Hughes and Loretta J. Mester | wp08-01 (Apr 2008) | Full text |
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2007 |
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 , and Nicholas Souleles | wp07-34 (Dec 2007) | Full text |
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Net Worth and Housing Equity in Retirement | by Todd Sinai and Nicholas Souleles | wp07-33 (Dec 2007) | Full text |
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Payment Network Scale Economies, SEPA, and Cash Replacement | by Wilko Bolt and David Humphrey | wp07-32 (Nov 2007) | Full text |
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The Anatomy of U.S. Personal Bankruptcy Under Chapter 13 | by Hülya Eraslan, Wenli Li, and Pierre-Daniel Sarte | wp07-31 (Nov 2007) | Full text |
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Private Risk Premium and Aggregate Uncertainty in the Model of Uninsurable Investment Risk | by Francisco Covas and Shigeru Fujita | wp07-30 (Nov 2007) | Full text |
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Pricing-to-Market and the Failure of Absolute PPP | by George Alessandria and Joseph Kaboski | wp07-29 (Nov 2007) | Full text |
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Innovation Across U.S. Industries: The Effects of Local Economic Characteristics | by Gerald A. Carlino and Robert M. Hunt | wp07-28 (Oct 2007) | Full text |
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Interest Rate Versus Money Supply Instruments: On the Implementation of Markov-Perfect Optimal Monetary Policy | by Michael Dotsey and Andreas Hornstein | wp07-27 (Oct 2007) | Full text |
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Optimal Pricing of Payment Services When Cash Is An Alternative | by Cyril Monnet and William Roberds | wp07-26 (Oct 2007) | Full text |
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Innovation, Cities, and New Work | by Jeffrey Lin | wp07-25 (Oct 2007) | Full text |
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Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics | by Aubhik Khan and Julia K. Thomas | wp07-24 (Oct 2007) | Full text |
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Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities | by Hoyt Bleakley and Jeffrey Lin | wp07-23 (Oct 2007) | Full text |
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A Dynamic Model of the Payment System | by Thorsten Koeppl, Cyril Monnet, and Ted Temzelides | wp07-22 (Oct 2007) | Full text |
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Business Method Patents for U.S. Financial Services | by Robert M. Hunt | wp07-21 (Sep 2007) | Full text |
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Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area | by Robert M. Hunt, Samuli Simojoki, and Tuomas Takalo | wp07-20 (Sep 2007) | Full text |
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The Cyclicality of Separation and Job Finding Rates | by Shigeru Fujita and Garey Ramey | wp07-19 (Sep 2007) | Full text |
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The Relationship Between the Establishment Age Distribution and Urban Growth | by R. Jason Faberman | wp07-18 (Aug 2007) | Full text |
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Establishment Heterogeneity, Exporter Dynamics, and the Effects of Trade Liberalization | by George Alessandria and Horag Choi | wp07-17 (Aug 2007) | Full text |
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A Quantitative Theory of Unsecured Consumer Credit with Risk of Default | by Satyajit Chatterjee, Dean Corbae, Makoto Nakajima, and Jose-Victor Rios-Rull | wp07-16 (Jun 2007) | Full text |
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Spin-Offs and the Market for Ideas | by Satyajit Chatterjee and Esteban Rossi-Hansberg | wp07-15 (Jun 2007) | Full text |
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A Finite-Life Private-Information Theory of Unsecured Consumer Debt (JEL D82, D91, G19) | by Satyajit Chatterjee, Dean Corbae, and José-Víctor Ríos-Rull | wp07-14 (May 2007) | Full text |
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A Comparison of Poverty Trends and Policy Impacts for Working Families Using Different Poverty Indexes | by Robert H. DeFina | wp07-13 (May 2007) | Full text |
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Dynamics of Worker Flows and Vacancies: Evidence from the Agnostic Identification Approach (JEL C32, J63, J64) | by Shigeru Fujita | wp07-12 (May 2007) | Full text |
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The Long and Large Decline in State Employment Growth Volatility | by Gerald Carlino, Robert DeFina, and Keith Sill | wp07-11 (Mar 2007) | Full text |
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Bankruptcy: Is It Enough to Forgive or Must We Also Forget? (JEL D86, G33, K35) | by Ronel Elul and Piero Gottardi | wp07-10 (Mar 2007) | Full text |
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Competitive Effects of Basel II on U.S. Bank Credit Card Lending (JEL D43, G21, G28) | by William W. Lang, Loretta J. Mester, and Todd A. Vermilyea | wp07-09 (Mar 2007) | Full text |
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Mismeasured Personal Saving and the Permanent Income Hypothesis (JEL C82, E01, E21) | by Leonard I. Nakamura and Tom Stark | wp07-08 (Mar 2007) | Full text |
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Matching Externalities and Inventive Productivity (JEL O31, R11) | by Robert M. Hunt | wp07-07 (Mar 2007) | Full text |
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Economics and the Design of Patent Systems (JEL L1, O31, O34) | by Robert M. Hunt | wp07-06 (Jan 2007) | Full text |
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The Cyclicality of Worker Flows: New Evidence from the SIPP (JEL J63, J64) | by Shigeru Fujita, Christopher J. Nekarda, and Garey Ramey | wp07-05 (Jan 2007) | Full text |
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Capital and Macroeconomic Instability in a Discrete-Time Model with Forward-Looking Interest Rate Rules (JEL E12, E31, E52) | by Kevin X. D. Huang and Qinglai Meng | wp07-04 (Jan 2007) | Full text |
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Overconfidence in Financial Markets and Consumption Over the Life Cycle (JEL D91, E21) | by Frank Caliendo and Kevin X. D. Huang | wp07-03 (Jan 2007) | Full text |
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Reassessing the Shimer Facts (JEL J63, J64) | by Shigeru Fujita and Garey Ramey | wp07-02 (Jan 2007) | Full text |
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2006 |
An Evaluation of Inflation Forecasts from Surveys Using Real-Time Data | by Dean Croushore | wp06-19 (Oct 2006) | Full text |
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Capitalization of the Quality of Local Public Schools: What Do Home Buyers Value? | by Theodore M. Crone | wp06-15 (Aug 2006) | Full text |
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Urban Density and the Rate of Invention (JEL O31, R11) | by Gerald Carlino, Satyajit Chatterjee, and Robert Hunt | wp06-14 (Aug 2006) | Full text |
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Job Matching and Propagation (JEL E32, J63, J64) | by Shigeru Fujita and Garey Ramey | wp06-13 (Jul 2006) | Full text |
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Monetary and Financial Forces in the Great Depression | by Satyajit Chatterjee and Dean Corbae | wp06-12 (Jul 2006) | Full text |
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National Income Accounts (JEL A13, C82, N01) | by Leonard I. Nakamura | wp06-11 (Jun 2006) | Full text |
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Labor Supply and Personal Computer Adoption (JEL J41, O33) | by Mark Doms and Ethan Lewis | wp06-10 (2006) | Full text |
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Nontraded Goods, Market Segmentation, and Exchange Rates (JEL F3, F41) | by Michael Dotsey and Margarida Duarte | wp06-09 (2006) | Full text |
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A Phillips Curve with an Ss Foundation | by Mark Gertler and John Leahy | wp06-08 (2006) | Full text |
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The CPI for Rents: A Case of Understated Inflation (JEL C81, C82, E31, O47, R21, R31) | by Theodore M. Crone, Leonard I. Nakamura, and Richard Voith | wp06-07 (2006) | Full text |
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When Do More Patents Reduce R&D? | by Robert M. Hunt | wp06-06 (2006) | Full text |
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Bayesian Analysis of DSGE Models (JEL C11, C32, C51, C52) | by Sungbae An and Frank Schorfheide | wp06-05 (2006) | Full text |
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Monetary Policy Analysis with Potentially Misspecified Models (JEL C32) | by Marco Del Negro and Frank Schorfheide | wp06-04 (2006) | Full text |
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Non-Stationary Hours in a DSGE Model (JEL C32, E52, F41) | by Yongsung Chang, Taeyoung Doh, and Frank Schorfheide | wp06-03 (2006) | Full text |
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Predatory Lending in a Rational World | by Philip Bond, David K. Musto, and Bilge Yilmaz | wp06-02 (2006) | Full text |
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2005 |
Owner-Occupied Housing as a Hedge Against Rent Risk (JEL E21, G11, G12, J14, R21) | by Todd Sinai and Nicholas S. Souleles | wp05-10 (May 2005) | Full text |
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Consumer Search, Price Dispersion, and International Relative Price Volatility (JEL E31, F12) | by George Alessandria | wp05-09 (May 2005) | Full text |
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Immigration, Skill Mix, and the Choice of Technique (JEL F1, J2, O3) | by Ethan Lewis | wp05-08 (May 2005) | Full text |
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The Life-Cycle Effects of House Price Changes (JEL E21, R21) | by Wenli Li and Rui Yao | wp05-07 (May 2005) | Full text |
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Benchmark Revisions and the U.S. Personal Saving Rate | by Leonard I. Nakamura and Tom Stark | wp05-06 (Apr 2005) | Full text |
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Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment? (JEL E24, E32) | by Yongsung Chang and Jay H. Hong | wp05-05 (Mar 2005) | Full text |
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Pricing, Production, and Persistence (JEL E0, E3) | by Michael Dotsey and Robert G. King | wp05-04 (Mar 2005) | Full text |
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Implications of State-Dependent Pricing for Dynamic Macroeconomic Models | by Michael Dotsey and Robert G. King | wp05-02 (Feb 2005) | Full text |
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Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement? (JEL F4) | by M. Ayhan Kose and Kei-Mu Yi | wp05-03 (Feb 2005) | Full text |
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Schooling and the AFQT: Evidence from School Entry Laws (JEL I2, J2) | by Elizabeth Cascio and Ethan Lewis | wp05-01 (Feb 2005) | Full text |
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Advertising, Intangible Assets, and Unpriced Entertainment (JEL E01, L82, M37) | by Leonard Nakamura | wp05-11 (2005) | Full text |
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A Century of Consumer Credit Reporting in America (JEL D18, G18, L88, N22) | by Robert M. Hunt | wp05-13 (2005) | Full text |
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Vertical Production and Trade Interdependence and Welfare (JEL E32, F31, F41) | by Kevin X.D. Huang and Zheng Liu | wp05-15 (2005) | Full text |
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Switching Costs and Adverse Selection in the Market for Credit Cards: New Evidence (JEL D82, G2) | by Paul S. Calem, Michael B. Gordy, and Loretta J. Mester | wp05-16 (2005) | Full text |
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Banks in the Securities Business: Market-Based Risk Implications of Section 20 Subsidiaries (JEL G21, G24, G28) | by Victoria Geyfman | wp05-17 (2005) | Full text |
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A Quantitative Theory of Unsecured Consumer Credit with Risk of Default | by Satyajit Chatterjee, Dean Corbae, Makoto Nakajima and Jose-Victor Rios-Rull | wp05-18 (2005) | Full text |
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Resolving the Puzzle of the Underissuance of National Bank Notes | by Charles Calomiris and Joseph R. Mason | wp05-19 (2005) | Full text |
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Do Sunk Costs of Exporting Matter for Net Export Dynamics? (JEL E31, F12) | by George Alessandria and Horag Choi | wp05-20 (2005) | Full text |
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Special Purpose Vehicles and Securitization (JEL E51, G2, G3, K2) | by Gorton and Nicholas Souleles | wp05-21 (2005) | Full text |
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The Dynamic Beveridge Curve (JEL E32, J63, J64) | by Shigeru Fujita and Garey Ramey | wp05-22 (2005) | Full text |
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Collateral, Credit History, and the Financial Decelerator (JEL D52, E44, G12, G21, G33) | by Ronel Elul | wp05-23 (2005) | Full text |
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Vertical Specialization and the Border Effect Puzzle (JEL F1) | by Kei-Mu Yi | wp05-24 (2005) | Full text |
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A Portfolio View of Consumer Credit (JEL E21, E51, G21) | by David K. Musto and Nicholas Souleles | wp05-25 (2005) | Full text |
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Risk-Adjusted Performance Measures at Bank Holding Companies with Section 20 Subsidiaries (JEL G21, G24, G28) | by Victoria Geyfman | wp05-26 (2005) | Full text |
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The Effect of Transaction Pricing on the Adoption of Electronic Payments: A Cross-Country Comparison (JEL D12, G21) | by Wilko Bolt, David Humphrey and Roland Uittenbogaard | wp05-28 (2005) | Full text |
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Potential Competitive Effects on U.S. Bank Credit Card Lending from the Proposed Bifurcated Application of Basel II | by William W. Lang, Loretta J. Mester and Todd A. Vermilyea | wp05-29 (2005) | Full text |
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2004 |
Financial Intermediaries, Markets, and Growth (JEL E44, G10, G20) | by Falko Fecht | wp04-24 (Dec 2004) | Full text |
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Trade and the (Dis) Incentive to Reform Labor Markets: The Case of Reform in the European Union (JEL D78, J65) | by George Alessandria and Alain Delacroix | wp04-18 (Oct 2004) | Full text |
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Violating Purchasing Power Parity (JEL E31, F12) | by George Alessandria and Joseph Kaboski | wp04-19 (Oct 2004) | Full text |
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Transactions Accounts and Loan Monitoring (JEL G10, G20, G21) | by Loretta J. Mester | wp04-20 (Oct 2004) | Full text |
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On the Stability of Employment Growth: A Postwar View from the U.S. States | by Gerald Carlino | wp04-21 (Oct 2004) | Full text |
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Hedonic Estimates of the Cost of Housing Services: Rental and Owner-Occupied Units (JEL C43, E31, R21) | by Theodore P. Crone, Leonard I. Nakamura and Richard P. Voith | wp04-22 (Oct 2004) | Full text |
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Vacancy Persistence (JEL E24, J63, J64) | by Shigeru Fujita | wp04-23 (Oct 2004) | Full text |
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Matching and Learning in Cities: Evidence from Patent Data (JEL O31, R11) | by Gerald Carlino | wp04-16 (Oct 2004) | Full text |
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The CPI for Rents: A Case of Understated Inflation (JEL C81, C82, E31, O47, R21, R31) | by Theodore M. Crone | wp04-17 (Oct 2004) | Full text |
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A Redefinition of Economic Regions in the U.S. (JEL E32, R12) | by Theodore M. Crone | wp04-12 (Sep 2004) | Full text |
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Modeling Inventories over the Business Cycle (JEL E22, E32) | by Aubhik Khan and Julia K. Thomas | wp04-13 (Sep 2004) | Full text |
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Bankruptcy Exemptions, Credit History, and the Mortgage Market (JEL G33, J41, K12, O57) | by Souphala Chomsisengphet and Ronel Elul | wp04-14 (Sep 2004) | Full text |
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Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics (JEL E22, E32) | by Aubhik Khan and Julia K. Thomas | wp04-15 (Sep 2004) | Full text |
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Specific Factors Meet Intermediate Inputs: Implications for Strategic Complementarities and Persistence (JEL E24, E32, E52) | by Kevin X. D. Huang | wp04-07 (Sep 2004) | Full text |
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Multiple Stages of Processing and the Quantity Anomaly in International Business Cycle Models (JEL E32, F31, F41) | by Kevin X. D. Huang and Zheng Liu | wp04-08 (Sep 2004) | Full text |
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Consistent Economic Indexes for the 50 States (JEL C43, R1) | by Theodore M. Crone and Alan Clayton-Matthews | wp04-09 (Sep 2004) | Full text |
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Life Insurance and Household Consumption (JEL D12, D64, D91, J10) | by Jay Hong and José-Victor Ríos-Rull | wp04-10 (Sep 2004) | Full text |
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Inventories and the Business Cycle: An Equilibrium Analysis of (S, s) Policies (JEL E22, E32) | by Aubhik Khan and Julia K. Thomas | wp04-11 (Sep 2004) | Full text |
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Inflation Targeting: What Inflation Rate to Target? (JEL E31, E32, E52) | by Kevin X. D. Huang and Zheng Liu | wp04-06 (Aug 2004) | Full text |
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Fresh Start or Head Start? The Effect of Filing for Personal Bankruptcy on the Labor Supply (JEL D14, J22, K35) | by Song Han and Wenli Li | wp04-05 (Jul 2004) | Full text |
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Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling? (JEL F1, F4) | by Raphael Bergoeing | wp04-04 (Apr 2004) | Full text |
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How Did the Miami Labor Market Absorb the Mariel Immigrants? (JEL F1, J2, O3) | by Ethan Lewis | wp04-03 (Apr 2004) | Full text |
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The Rise of the Skilled City | by Edward L. Glaeser and Albert Saiz | wp04-02 (Apr 2004) | Full text |
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Local Open Economies Within the U.S.: How Do Industries Respond to Immigration? (JEL F1, J2, O3) | by Ethan Lewis | wp04-01 (Apr 2004) | Full text |
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2003 |
On the Contribution of Agglomeration Economies to the Spatial Concentration of U.S. Employment | by Satyajit Chatterjee | wp03-24 (2003) | Full text |
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An Alternative Definition of Economic Regions in the U.S. Based on Similarities in State Business Cycles (JEL E32, R12) | by Theodore M. Crone | wp03-23 (2003) | Full text |
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Monetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility | by Sylvain |