Working Papers

from Federal Reserve Bank of Boston
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2008: Classroom peer effects and student achievement

Mary A. Burke and Tim R. Sass

2008: The value of risk: measuring the service output of U. S. commercial banks

Susanto Basu, Robert Inklaar and J. Christina Wang

2008: Blood donations and incentives: evidence from a field experiment

Lorenz Goette and Alois Stutzer

2008: Credit card debt and payment use

Charles Sprenger and Joanna Stavins

2008: Designing state aid formulas: the case of a new formula for distributing municipal aid in Massachusetts

Bo Zhao and Katharine Bradbury

2007: Doing good or doing well? Image motivation and monetary incentives in behaving prosocially

Dan Ariely, Anat Bracha and Stephan Meier

2007: Population aging, labor demand, and the structure of wages

Margarita Sapozhnikov and Robert K. Triest

2007: The effects of competition on price dispersion in the airline industry: a panel analysis

Kris Gerardi and Adam Hale Shapiro

2007: How strong is the case for downward real wage rigidity?

Steinar Holden and Fredrik Wulfsberg

2007: Minimally altruistic wages and unemployment in a matching model

Julio J. Rotemberg

2007: Debt and the effects of fiscal policy

Carlo Favero and Francesco Giavazzi

2007: Impatience and credit behavior: evidence from a field experiment

Stephan Meier and Charles Sprenger

2007: Using unexpected recalls to examine the long-term earnings effects of job displacement

Yolanda K. Kodrzycki

2007: Input and output inventories in general equilibrium

Matteo Iacoviello, Fabio Schiantarelli and Scott Schuh

2007: Subprime outcomes: risky mortgages, homeownership experiences, and foreclosures

Kristopher Gerardi, Adam Hale Shapiro and Paul S. Willen

2007: The effects of expectations on perception: experimental design issues and further evidence

Tyler Williams

2007: Active decisions and pro-social behavior

Alois Stutzer, Lorenz Goette and Michael Zehnder

2007: Social networks and vaccination decisions

Neel Rao, Markus M. Möbius and Tanya Rosenblat

2007: How much is a friend worth?: directed altruism and enforced reciprocity in social networks

Stephen Leider, Markus M. Möbius, Tanya Rosenblat and Quoc-Anh Do

2007: Space and time in macroeconomic panel data: young workers and state-level unemployment revisited

Christopher Lee Foote

2007: Measuring disparities in non-school costs and revenue capacity among Massachusetts cities and towns

Katharine Bradbury and Bo Zhao

2006: GARCH-based identification of triangular systems with an application to the CAPM: still living with the roll critique

Todd Prono

2006: Efficient expropriation: sustainable fiscal policy in a small open economy

Mark Aguiar, Manuel Amador and Gita Gopinath

2006: Do people behave in experiments as in the field?: evidence from donations

Matthias Benz and Stephan Meier

2006: The impact of group membership on cooperation and norm enforcement: evidence using random assignment to real social groups

Lorenz Goette, David Huffman and Stephan Meier

2006: A survey of economic theories and field evidence on pro-social behavior

Stephan Meier

2006: Cyclical wages in a search and bargaining model with large firms

Julio Rotemberg

2006: Dishonesty in everyday life and its policy implications

Nina Mazar and Dan Ariely

2006: Measuring trends in leisure: the allocation of time over five decades

Mark Aguiar and Erik Hurst

2006: Do subsidies increase charitable giving in the long run?: matching donations in a field experiment

Stephan Meier

2006: How small is zero price?: the true value of free products

Kristina Shampan'er and Dan Ariely

2006: Decomposing consumer wealth effects: evidence on the role of real estate assets following the wealth cycle of 1990-2002

Michael R. Donihue and Andriy Avramenko

2006: In noise we trust? Optimal monetary policy with random targets

Ethan Cohen-Cole and Bogdan Cosmaciuc

2006: A tale of tails: an empirical analysis of loss distribution models for estimating operational risk capital

Kabir Dutta and Jason Perry

2006: Minimally acceptable altruism and the ultimatum game

Julio Rotemberg

2006: Estimating the New Keynesian Phillips Curve: a vertical production chain approach

Adam Hale Shapiro

2006: Productivity and U.S. macroeconomic performance: interpreting the past and predicting the future with a two-sector real business cycle model

Peter Ireland and Scott Schuh

2005: Supply matters for asset prices: evidence from IPOs in emerging markets

Matias Braun and Borja Larrain

2005: The monetary transmission mechanism

Peter Ireland

2005: The roles of comovement and inventory investment in the reduction of output volatility

F. Owen Irvine and Scott Schuh

2005: Intrinsic and inherited inflation persistence

Jeffrey C. Fuhrer

2005: Borrowing costs and the demand for equity over the life cycle

Steven Davis, Felix Kubler and Paul Willen

2005: The stock market and cross country differences in relative prices

Borja Larrain

2005: Interest sensitivity and volatility reductions: cross-section evidence

F. Owen Irvine and Scott Schuh

2005: The liquidity trap, the real balance effect, and the Friedman rule

Peter Ireland

2005: Does firm value move too much to be justified by subsequent changes in cash flow?

Borja Larrain and Motohiro Yogo

2005: Contracts with social multipliers

Mary Alyssa Burke and Kislaya Prasad

2005: Heterogeneous beliefs and inflation dynamics: a general equilibrium approach

Fabià Gumbau-Brisa

2005: Testing economic hypotheses with state-level data: a comment on Donohue and Levitt (2001)

Christopher Lee Foote and Christopher F. Goetz

2005: Real wage rigidities and the New Keynesian model

Olivier Blanchard and Jordi Gali

2005: Changes in the Federal Reserve's inflation target: causes and consequences

Peter Ireland

2005: New approaches to ranking economics journals

Yolanda K. Kodrzycki and Pingkang Yu

2005: Large stakes and big mistakes

Dan Ariely, Uri Gneezy, George Loewenstein and Nina Mazar

2005: Tom Sawyer and the construction of value

Dan Ariely, George Loewenstein and Drazen Prelec