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Central Bank Research Hub - San Francisco Fed Working Papers



Sterilization, Monetary Policy, and Global Financial Integration (JEL F15, F21, F31)

by Glick, Aizenman2008-15
(Aug 2008)

 Full text

Loan Officers and Relationship Lending to SMEs (JEL D82, G21, L14)

by Uchida, Udell, Yamori2008-17
(Jul 2008)

 Full text

Climate Change and Asset Prices: Hedonic Estimates for North American Ski Resorts (JEL Q54, R21)

by Butsic, Hanak, Valletta2008-12
(Jul 2008)

 Full text

Monetary and Financial Integration in the EMU: Push or Pull? (JEL F15, F33, F34)

by Spiegel2008-11
(Jul 2008)

 Full text

Financial Globalization and Monetary Policy Discipline (JEL E5, E52, E58, F21, F36, F4)

by Spiegel2008-10
(Jul 2008)

 Full text

Imperfect Knowledge and the Pitfalls of Optimal Control Monetary Policy

by Orphanides, Williams2008-09
(Jul 2008)

 Full text

The Adjustment of Global External Balances: Does Partial Exchange Rate Pass-Through to Trade Prices Matter? (JEL F3, F41)

by Gust, Leduc, Sheets2008-16
(Jun 2008)

 Full text

Speculative Growth and Overreaction to Technology Shocks

by Lansing2008-08
(Jun 2008)

 Full text

An Arbitrage-Free Generalized Nelson-Siegel Term Structure Model

by Christensen, Diebold, Rudebusch2008-07
(May 2008)

 Full text

Capital-Labor Substitution, Equilibrium Indeterminacy, and the Cyclical Behavior of Labor Income (JEL E30, E32)

by Guo, Lansing2008-06
(May 2008)

 Full text

Learning, Expectations Formation and the Pitfalls of Optimal Control Monetary Policy (JEL E52)

by Orphanides, Williams2008-05
(Apr 2008)

 Full text

A Black Swan in the Money Market

by Taylor, Williams2008-04
(Apr 2008)

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Do Banks Price their Informational Monopoly? (JEL G24, G32)

by Hale, Santos2008-14
(Feb 2008)

 Full text

Understanding Changes in Exchange Rate Pass-Through (JEL E31, E52, F41)

by Takhtamanova2008-13
(Feb 2008)

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2007

Tax Competition among U.S. States: Racing to the Bottom or Riding on a Seesaw?

by Chirinko, Wilson2008-03
(Dec 2007)

 Full text

International Financial Remoteness and Macroeconomic Volatility (JEL E32, F32)

by Rose, Spiegel2008-01
(Nov 2007)

 Full text

Subprime Mortgage Delinquency Rates

by Doms, Furlong, Krainer2007-33
(Nov 2007)

 Full text

Capital Controls: Myth and Reality, A Portfolio Balance Approach to Capital Controls (JEL F30)

by Magud, Reinhart, Rogoff2007-31
(Nov 2007)

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Optimal Reserve Management and Sovereign Debt (JEL F32, F33, F34, F4)

by Alfaro, Kanczuk2007-29
(Nov 2007)

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Examining the Bond Premium Puzzle with a DSGE Model

by Rudebusch, Swanson2007-25
(Oct 2007)

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How Does Competition Impact Bank Risk-Taking? (JEL G21, L11)

by Jimenez, Lopez, Saurina2007-23
(Sep 2007)

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Determinants of Access to External Finance: Evidence from Spanish Firms (JEL E32, G18, G21)

by Lago Gonzales, Lopez, Saurina2007-22
(Sep 2007)

 Full text

Regional Economic Conditions and the Variability of Rates of Return in Commercial Banking

by Furlong, Krainer2007-21
(Sep 2007)

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The Affine Arbitrage-Free Class of Nelson-Siegel Term Structure Models

by Christensen, Diebold, Rudebusch2007-20
(Sep 2007)

 Full text

Imperfect Information, Self-Selection and the Market for Higher Education

by Regev2007-18
(Aug 2007)

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Convergence and Anchoring of Yield Curves in the Euro Area (JEL E52, E58)

by Ehrmann, Fratzscher, Gurkaynak, Swanson2007-24
(Jul 2007)

 Full text

Learning and Optimal Monetary Policy (JEL E31, E52, E58)

by Dennis, Ravenna2007-19
(Jul 2007)

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Forecasting Recessions: The Puzzle of the Enduring Power of the Yield Curve

by Rudebusch, Williams2007-16
(Jul 2007)

 Full text

Real Wage Cyclicality in the PSID

by Swanson2007-15
(Jul 2007)

 Full text

Empirical Analysis of Corporate Credit Lines (JEL E32, G18, M21)

by Jimenez, Lopez, Saurina2007-14
(Jun 2007)

 Full text

Productivity and the Dollar (JEL F32, F41, F42)

by Corsetti, Dedola, Leduc2007-27
(May 2007)

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Pricing-to-Market, Trade Costs, and International Relative Prices

by Atkeson, Burstein2007-26
(May 2007)

 Full text

Do Countries Default in "Bad Times"?

by Tomz, Wright2007-17
(May 2007)

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The Composition of Capital Inflows When Emerging Market Firms Face Financing Constraints (JEL F32, F34, F41, G15)

by Smith, Valderrama2007-13
(May 2007)

 Full text

Takeoffs

by Aizenman, Spiegel2008-02
(Apr 2007)

 Full text

Financial Integration in East Asia (JEL F33, F36)

by Fujiki, Terada-Hagiwara2007-30
(Apr 2007)

 Full text

Relative Status and Well-Being: Evidence from U.S. Suicide Deaths (JEL D6, H0, I31, J0)

by Daly, Wilson, Johnson2007-12
(Apr 2007)

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Welfare-Maximizing Monetary Policy under Parameter Uncertainty (JEL E5)

by Edge, Laubach, Williams2007-11
(Apr 2007)

 Full text

Rational and Near-Rational Bubbles without Drift (JEL E44, G12)

by Lansing2007-10
(Apr 2007)

 Full text

Model Uncertainty and Monetary Policy (JEL C61, E52, E62)

by Dennis2007-09
(Apr 2007)

 Full text

Robust Monetary Policy with Imperfect Knowledge (JEL E52)

by Orphanides, Williams2007-08
(Apr 2007)

 Full text

Innovations in Mortgage Markets and Increased Spending on Housing

by Doms, Krainer2007-05
(Feb 2007)

 Full text

Marriage and Divorce: Changes and Their Driving Forces (JEL D1, H31, I3, J1, K36, N3)

by Stevenson, Wolfers2007-03
(Feb 2007)

 Full text

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

by Horioka, Wan2007-28
(Jan 2007)

 Full text

Productivity Shocks in a Model with Vintage Capital and Heterogeous Labor

by Marquis, Trehan2007-06
(Jan 2007)

 Full text

Currency Crises and Foreign Credit in Emerging Markets: Credit Crunch or Demand Effect? (JEL F32, F34, G32)

by Hale, Arteta2007-02
(Jan 2007)

 Full text

Wealth Effects out of Financial and Housing Wealth: Cross Country and Age Group Comparisons (JEL D1, J1)

by Sierminska, Takhtamanova2007-01
(Jan 2007)

 Full text

2006

Global Price Dispersion: Are Prices Converging or Diverging? (JEL F4)

by Bergin, Glick2006-50
(Dec 2006)

 Full text

Unemployment Insurance and the Uninsured

by Regev2006-48
(Dec 2006)

 Full text

State Investment Tax Incentives: A Zero-Sum Game? (JEL H25, H32, H71, H77)

by Chirinko, Wilson2006-47
(Dec 2006)

 Full text

Capital Account Liberalization: Theory, Evidence, and Speculation (JEL E6, F3, F4, G15, O16)

by Henry2007-32
(Nov 2006)

 Full text

Market Power and Relationships in Small Business Lending (JEL D82, G21, L11)

by Laderman2007-07
(Nov 2006)

 Full text

Monetary Policy in a Small Open Economy with a Preference for Robustness (JEL E52, E61, F41)

by Dennis, Leitemo, Soderstrom2007-04
(Nov 2006)

 Full text

State Investment Tax Incentives: What Are the Facts?

by Chirinko, Wilson2006-49
(Nov 2006)

 Full text

Macroeconomic Implications of Changes in the Term Premium

by Rudebusch, Sack, Swanson2006-46
(Nov 2006)

 Full text

Foreign Bank Lending and Bond Underwriting in Japan During the Lost Decade

by Lopez, Spiegel2006-45
(Nov 2006)

 Full text

Computer Use and the U.S. Wage Distribution, 1984-2003 (JEL J31)

by Valletta2006-34
(Oct 2006)

 Full text

Non-Economic Engagement and International Exchange: The Case of Environmental Treaties (JEL F02, F10, F34)

by Rose, Spiegel2006-33
(Oct 2006)

 Full text

Moderate Inflation and the Deflation-Depression Link (JEL E3, E31, E42, E5, E52, E58, E6, E65)

by Benhabib, Spiegel2006-32
(Oct 2006)

 Full text

Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections (JEL E43, E52)

by Rudebusch, Williams2006-31
(Oct 2006)

 Full text

Evidence on the Costs and Benefits of Bond IPOs (JEL G24, G32)

by Hale, Santos2006-42
(Sep 2006)

 Full text

Monetary Policy in a Low Inflation Economy with Learning

by Williams2006-30
(Sep 2006)

 Full text

Information and Communications Technology as a General-Purpose Technology: Evidence from U.S Industry Data

by Basu, Fernald2006-29
(Sep 2006)

 Full text

Measuring Oil-Price Shocks Using Market-Based Information

by Cavallo, Wu2006-28
(Sep 2006)

 Full text

Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement (JEL D82, E32)

by Veldkamp, Wolfers2006-26
(Sep 2006)

 Full text

Safe and Sound Banking, 20 Years Later: What Was Proposed and What Has Been Adopted

by Furlong, Kwan2006-27
(Aug 2006)

 Full text

Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution (JEL E13, J30, O33)

by Beaudry, Doms, Lewis2006-24
(Aug 2006)

 Full text

Futures Prices as Risk-Adjusted Forecasts of Monetary Policy

by Piazzesi, Swanson2006-23
(Aug 2006)

 Full text

The Frequency of Price Adjustment and New Keynesian Business Cycle Dynamics (JEL C11, C52, E31, E52)

by Dennis2006-22
(Aug 2006)

 Full text

The Impact of Divorce Laws on Marriage-Specific Capital

by Stevenson2006-43
(Jul 2006)

 Full text

Sovereign Debt Crises and Credit to the Private Sector (JEL F32, F34, G32)

by Arteta, Hale2006-21
(Jul 2006)

 Full text

Quantitative Easing and Japanese Bank Equity Values (JEL E44, G18, G21)

by Kobayashi, Spiegel, Yamori2006-19
(Jul 2006)

 Full text

Incomplete Information Processing: A Solution to the Forward Discount Puzzle

by Bacchetta, van Wincoop2006-35
(Jun 2006)

 Full text

The Relative Price and Relative Productivity Channels for Aggregate Fluctuations (JEL E32, E37, O47)

by Swanson2006-20
(Jun 2006)

 Full text

Labor Supply and Personal Computer Adoption (JEL J41, O33)

by Doms, Lewis2006-18
(Jun 2006)

 Full text

Exchange-Rate Effects on China's Trade: An Interim Report (JEL C51, C52, F41)

by Marquez, Schindler2006-41
(May 2006)

 Full text

Global Current Account Adjustment: A Decomposition

by Devereux, Lahiri, Pang2006-40
(May 2006)

 Full text

Saving and Interest Rates in Japan: Why They Have Fallen and Why They Will Remain Low

by Braun, Ikeda, Joines2006-39
(May 2006)

 Full text

A Quantitative Analysis of China's Structural Transformation (JEL O41, O53)

by Dekle, Vandenbroucke2006-37
(May 2006)

 Full text

Measuring the Miracle: Market Imperfections and Asia's Growth Experience

by Fernald, Neiman2006-17
(May 2006)

 Full text

The Bond Yield "Conundrum" from a Macro-Finance Perspective

by Rudebusch, Swanson, Wu2006-16
(May 2006)

 Full text

Firm Ownership and FDI Spillovers in China (JEL F23, L33, O17)

by Hale, Long2006-25
(Apr 2006)

 Full text

Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve

by Lansing2006-15
(Apr 2006)

 Full text

Inflation Targeting under Imperfect Knowledge

by Orphanides, Williams2006-14
(Apr 2006)

 Full text

What Determines Technological Spillovers of Foreign Direct Investment: Evidence from China

by Hale, Long2006-13
(Apr 2006)

 Full text

Keeping Up with the Joneses and Staying Ahead of the Smiths: Evidence from Suicide Data

by Daly, Wilson2006-12
(Apr 2006)

 Full text

Interpreting Prediction Market Prices as Probabilities

by Wolfers, Zitzewitz2006-11
(Apr 2006)

 Full text

Beyond the Classroom: Using Title IX to Measure the Return to High School Sports

by Stevenson2006-44
(Mar 2006)

 Full text

The U.S. Current Account Deficit and the Expected Share of World Output (JEL F32, F41)

by Engel, Rogers2006-38
(Mar 2006)

 Full text

Methods for Robust Control (JEL C61, E52, E58)

by Dennis, Leitemo, Soderstrom2006-10
(Mar 2006)

 Full text

Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the U.S., U.K., and Sweden (JEL E31, E52, E58)

by Gurkaynak, Levin, Swanson2006-09
(Mar 2006)

 Full text

Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections (JEL D72, E3, E6, G13, G14, H6)

by Snowberg, Wolfers, Zitzewitz2006-08
(Feb 2006)

 Full text

Five Open Questions about Prediction Markets (JEL C9, D7, D8, G1, M2)

by Wolfers, Zitzewitz2006-06
(Jan 2006)

 Full text

Market-Based Mesaures of Monetary Policy Expectations

by Gurkaynak, Sack, Swanson2006-04
(Jan 2006)

 Full text

Could Capital Gains Smooth a Current Account Rebalancing?

by Cavallo, Tille2006-03
(Jan 2006)

 Full text

Higher-Order Perturbation Solutions to Dynamic, Discrete-Time Rational Expectations Models (JEL C61, C63, E37)

by Swanson, Anderson, Levin2006-01
(Jan 2006)

 Full text

2005

Why Has the U.S. Beveridge Curve Shifted Back? New Evidence Using Regional Data

by Valletta2005-25
(Dec 2005)

 Full text

Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior

by Swanson2005-24
(Dec 2005)

Markov Perfect Industry Dynamics with Many Firms (JEL C63, C73, L11, L13)

by Weintraub, Benkard, Van Roy2005-23
(Nov 2005)

 Full text

Empirical Analysis of the Average Asset Correlation for Real Estate Investment Trusts

by Lopez2005-22
(Oct 2005)

 Full text

Trend Breaks, Long-Run Restrictions, and the Contractionary Effects of Technology Improvements (JEL E24, E32, O47)

by Fernald2005-21
(Oct 2005)

 Full text

Monetary Policy with Imperfect Knowledge (JEL E52)

by Orphanides, Williams2005-17
(Oct 2005)

 Full text

Dual Labor Markets and Business Cycles (JEL F3, F4)

by Cook, Nosaka2006-36
(Sep 2005)

 Full text

Pegged Exchange Rate Regimes -- A Trap? (JEL F15, F31, F43)

by Aizenman, Glick2006-07
(Sep 2005)

 Full text

Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk

by Gurkaynak, Wolfers2005-26
(Sep 2005)

 Full text

Accounting for the Secular "Decline" of U.S. Manufacturing

by Marquis, Trehan2005-18
(Sep 2005)

 Full text

Government Employment and the Dynamic Effects of Fiscal Policy Shocks

by Cavallo2005-16
(Sep 2005)

 Full text

Tradability, Productivity, and Understanding International Economic Integration (JEL F4)

by Bergin, Glick2005-13
(Sep 2005)

 Full text

Monetary Policy Shocks, Inventory Dynamics, and Price-setting Behavior (JEL E22, E30, E52)

by Jung, Yun2006-02
(Aug 2005)

 Full text

Collateral Damage: Trade Disruption and the Economic Impact of War

by Glick, Taylor2005-11
(Aug 2005)

 Full text

Robust Control with Commitment: A Modification to Hansen-Sargent (JEL C61, C73, E52)

by Dennis2005-20
(Jul 2005)