Details about Joseph Haubrich

E-mail:
Homepage:	http://www.clevelandfed.org/Research/Economists/haubrich/index.htm
Phone:	(216) 579-2802
Postal address:	Research Department Federal Reserve Bank of Cleveland PO Box 6387 Cleveland, OH 44101-1387
Workplace:	Economic Research, Federal Reserve Bank of Cleveland, (more information at EDIRC)

Access statistics for papers by Joseph Haubrich.

Last updated 2009-10-06. Update your information in the RePEc Author Service.

Short-id: pha107

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Working Papers

2009

1. Credit Crises, Money and Contractions: an historical view
   NBER Working Papers, National Bureau of Economic Research, Inc

2008

2. Estimating real and nominal term structures using treasury yields, inflation, inflation forecasts, and inflation swap rates
   Working Paper, Federal Reserve Bank of Cleveland View citations

2006

3. Forecasting with the yield curve; level, slope, and output 1875-1997
   Working Paper, Federal Reserve Bank of Cleveland
   See also Journal Article in Economics Letters (2008)
4. Gross loan flows
   Working Paper, Federal Reserve Bank of Cleveland
   Also in Working Paper, Federal Reserve Bank of Cleveland (2000) View citations

2004

5. The Yield Curve, Recession and the Credibility of the Monetary Regime: long run evidence 1875-1997
   Econometric Society 2004 North American Summer Meetings, Econometric Society
   Also in Working Paper, Federal Reserve Bank of Cleveland (2004) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations

2003

6. Pricing kernels, inflation, and the term structure of interest rates
   Working Paper, Federal Reserve Bank of Cleveland

2002

7. Getting the most out of a mandatory subordinated debt requirement
   Working Paper, Federal Reserve Bank of Cleveland
   See also Journal Article in Journal of Financial Services Research (2003)

2001

8. Coalitions, power, and the FOMC
   Working Paper, Federal Reserve Bank of Cleveland

1999

9. Banking and Commerce: A Liquidity Approach
   Working Papers, London School of Economics - Centre for Labour Economics View citations
   Also in Working Paper, Federal Reserve Bank of Cleveland (1999)
   BIS Working Papers, Bank for International Settlements (1999)
   See also Journal Article in Journal of Banking & Finance (2005)
10. Committing and reneging: a dynamic model of policy regimes
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See also Journal Article in International Review of Economics & Finance (2004)

1998

11. Dynamic commitment and imperfect policy rules
    Working Papers, Federal Reserve Bank of St. Louis View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1996)
12. Large shareholders and market discipline in a regulated industry: a clinical study of Mellon Bank
    Working Paper, Federal Reserve Bank of Cleveland

1996

13. Commitment as investment under uncertainty
    Working Paper, Federal Reserve Bank of Cleveland
    Also in Working Papers, Federal Reserve Bank of St. Louis (1996)

1995

14. Imperfect state verification and financial contracting
    Working Paper, Federal Reserve Bank of Cleveland

1994

15. Bank diversification: laws and fallacies of large numbers
    Working Paper, Federal Reserve Bank of Cleveland
    See also Journal Article in Economic Review (1998)
16. Executive compensation: a calibration approach
    Working Paper, Federal Reserve Bank of Cleveland
    See also Journal Article in Economic Theory (1998)
17. Loan sales: Pacific Rim trade in nontradable assets
    Working Paper, Federal Reserve Bank of Cleveland

1993

18. Loan sales, implicit contracts, and bank structure
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Review of Quantitative Finance and Accounting (1996)
19. Sharing with a risk-neutral agent
    Working Paper, Federal Reserve Bank of Cleveland
    See also Journal Article in Economic Review (2001)

1992

20. Commitment as irreversible investment
    Working Paper, Federal Reserve Bank of Cleveland View citations

1991

21. Risk aversion, performance pay, and the principal-agent problem
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Journal of Political Economy (1994)
22. The sources and nature of long-term memory in the business cycle
    Working Paper, Federal Reserve Bank of Cleveland View citations
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations

1990

23. Consumption and fractional differencing: old and new anomalies
    Working Paper, Federal Reserve Bank of Cleveland View citations
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    See also Journal Article in The Review of Economics and Statistics (1993)
24. Sticky prices, money, and business fluctuations
    Working Paper, Federal Reserve Bank of Cleveland
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1983)
    See also Journal Article in Journal of Money, Credit and Banking (1991)

1984

25. Banking and Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1990)

Undated

26. Bank Deregulation, Credit Markets and the Control of Capital
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1987)
27. Financial Intermediation: Delegated Monitoring and Long-Term Relationships
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations
    See also Journal Article in Journal of Banking & Finance (1989)
28. Loan Sales, Recourse, and Reputation: An Analysis of Secondary Loan Participations
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
29. Mechanisms, Multi-Lateral Incentive Compatibility, and the Core
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
30. Monopolistic Competition and the Theory of Private Money
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
31. Optimal Financial Structure in Exchange Economies
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    See also Journal Article in International Economic Review (1988)
32. The Loan Sales Market
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations
33. The Optimal Non-Linear Bank
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

Journal Articles

2009

1. A conference on liquidity in frictional markets
   Policy Discussion Papers, 2009, (May)

2008

2. Forecasting with the yield curve; level, slope, and output 1875-1997
   Economics Letters, 2008, 99, (1), 48-50
   See also Working Paper (2006)
3. Identifying and resolving financial crises: a conference overview
   Policy Discussion Papers, 2008, (Aug)
4. The Yield Curve as a Predictor of Growth: Long-Run Evidence, 1875-1997
   The Review of Economics and Statistics, 2008, 90, (1), 182-185

2007

5. Central banks and crisis management
   Annual Report, 2007, 7-20
6. Credit spreads and subordinated debt
   Economic Commentary, 2007, (Mar 1)
7. Peak oil
   Economic Commentary, 2007, (Aug 15)
8. Some lessons on the rescue of Long-Term Capital Management
   Policy Discussion Papers, 2007, (Apr)
9. Who holds the toxic waste? An investigation of CMO holdings
   Policy Discussion Papers, 2007, (Jun)
   Also in Proceedings, 2006, 412-430 (2006)

2006

10. Does the yield curve signal recession?
    Economic Commentary, 2006, (Apr 15) View citations

2005

11. Banking and commerce: A liquidity approach
    Journal of Banking & Finance, 2005, 29, (2), 271-294 View citations
    See also Working Paper (1999)
12. Too much risk?
    Economic Commentary, 2005, (Mar 15) View citations
13. Umbrella supervision
    Economic Commentary, 2005, (Sep 15) View citations
14. Umbrella supervision and the role of the central bank
    Policy Discussion Papers, 2005, (Dec)

2004

15. Bank concentration and competition: an evolution in the making; a conference sponsored by the Federal Reserve Bank of Cleveland, May 21-23, 2003
    Proceedings, 2004, (Jun), 433-654
16. Committing and reneging: A dynamic model of policy regimes
    International Review of Economics & Finance, 2004, 13, (1), 1-18
    See also Working Paper (1999)
17. Interest rates, yield curves, and the monetary regime
    Economic Commentary, 2004, (Jun)
18. Introduction: Bank concentration and competition: an evolution in the making
    Proceedings, 2004, 433-451 View citations
19. Oil prices: backward to the future?
    Economic Commentary, 2004, (Dec) View citations

2003

20. Expensing stock options
    Economic Commentary, 2003, (Nov)
21. Getting the Most Out of a Mandatory Subordinated Debt Requirement
    Journal of Financial Services Research, 2003, 24, (2), 149-179 View citations
    Also in Proceedings, 2003, (May), 290-303 (2003) View citations
    See also Working Paper (2002)
22. Information and prices
    Economic Commentary, 2003, (May 1)

2002

23. A Conference Sponsored by the Federal Reserve Bank of Cleveland, October 24-26, 2001: Introduction
    Journal of Money, Credit and Banking, 2002, 34, (3), 701-06
24. Declining Treasury debt; a conference sponsored by the Federal Reserve Bank of Cleveland, October 24-26, 2001
    Proceedings, 2002, 701-966
25. Introduction
    Proceedings, 2002, 701-706 View citations

2001

26. Risk management and financial crises
    Economic Commentary, 2001, (Feb 1)
27. Sharing with a risk-neutral agent
    Economic Review, 2001, (Q I), 2-8
    See also Working Paper (1993)
28. Swaps and the swaps yield curve
    Economic Commentary, 2001, (Dec)
29. The sources and nature of long-term memory in aggregate output
    Economic Review, 2001, (Q II), 15-30 View citations

2000

30. Dynamic Commitment and Incomplete Policy Rules
    Journal of Money, Credit and Banking, 2000, 32, (4), 766-84 View citations
31. Productivity and the term structure
    Economic Review, 2000, (Q IV), 2-9
32. Waiting for policy rules
    Economic Commentary, 2000, (Jan 15)
33. What should central banks do?; a conference sponsored by the Federal Reserve Bank of Cleveland, Oct. 27-29, 1999
    Proceedings, 2000, (Aug), 443-705

1999

34. Term structure economics from A to B
    Economic Review, 1999, (Q III), 2-9

1998

35. Bank diversification: laws and fallacies of large numbers
    Economic Review, 1998, (Q II), 2-9 View citations
    See also Working Paper (1994)
36. Banking and commerce: an approach based on liquidity synergies
    Proceedings, 1998, (May), 553-568
37. Comparative Financial Systems: Introduction
    Journal of Money, Credit and Banking, 1998, 30, (3), 421-25
38. Comparative financial systems: a conference sponsored by the Federal Reserve Bank of Cleveland, November 5-7, 1997
    Proceedings, 1998, (Aug), 421-655
39. Executive compensation: a calibration approach
    Economic Theory, 1998, 12, (3), 561-581 View citations
    See also Working Paper (1994)
40. Gold prices
    Economic Commentary, 1998, (Mar 1)
41. Subordinated debt: tough love for banks?
    Economic Commentary, 1998, (Dec)

1997

42. Stock market fundamentals
    Economic Commentary, 1997, (Jan 15)
43. The dark side of liquidity
    Economic Commentary, 1997, (Sep 15)

1996

44. Combining bank supervision and monetary policy
    Economic Commentary, 1996, (Nov) View citations
45. Derivatives and intermediation: a conference sponsored by the Federal Reserve Bank of Cleveland, November 1-3, 1995
    Proceedings, 1996
46. Loan Sales, Implicit Contracts, and Bank Structure
    Review of Quantitative Finance and Accounting, 1996, 7, (2), 137-62
    Also in Proceedings, 1993, (May), 321-334, 335-338 (1993) View citations
    See also Working Paper (1993)
47. Predicting real growth using the yield curve
    Economic Review, 1996, (Q I), 26-35 View citations

1995

48. Derivative mechanics: the CMO
    Economic Commentary, 1995, (Sep 1) View citations
49. Vagueness, credibility, and government policy
    Economic Review, 1995, (Q I), 13-19

1994

50. A conference on federal credit allocation
    Economic Review, 1994, (Q III), 2-13
51. Fear and loathing in executive pay
    Economic Commentary, 1994, (Nov 1)
52. Federal credit allocation: theory, evidence, and history; a conference sponsored by the Federal Reserve Bank of Cleveland, October 17-19, 1993
    Proceedings, 1994, (Aug), 517-756
53. Introduction
    Proceedings, 1994, 517-522 View citations
54. Risk Aversion, Performance Pay, and the Principal-Agent Problem
    Journal of Political Economy, 1994, 102, (2), 258-76 View citations
    See also Working Paper (1991)

1993

55. Capital requirements and shifts in commercial bank portfolios
    Economic Review, 1993, (Q III), 2-15 View citations
56. Consumption and Fractional Differencing: Old and New Anomalies
    The Review of Economics and Statistics, 1993, 75, (4), 767-72 View citations
    See also Working Paper (1990)
57. Contracting Costs, Inflation, and Relative Price Variability: Comment
    Journal of Money, Credit and Banking, 1993, 25, (3), 609-11 View citations
58. The evolving loan sales market
    Economic Commentary, 1993, (Jul 15)

1992

59. Gilt by association: uncovering expected inflation
    Economic Commentary, 1992, (Jun 1) View citations
60. Integrating business and personal income taxes
    Economic Commentary, 1992, (Oct 1)
61. Sluggish deposit rates: endogenous institutions and aggregate fluctuations
    Economic Review, 1992, (Q II), 23-35

1991

62. Do excess reserves reveal credit crunches?
    Economic Commentary, 1991, (Jul 15)
63. Financial efficiency and aggregate fluctuations: an exploration
    Economic Review, 1991, (Q IV), 25-36
64. Sticky Prices, Money, and Business Fluctuations
    Journal of Money, Credit and Banking, 1991, 23, (2), 243-59
    See also Working Paper (1990)

1990

65. Banking and insurance
    Journal of Monetary Economics, 1990, 26, (3), 361-386 View citations
    See also Working Paper (1984)
66. Nonmonetary effects of financial crises: Lessons from the great depression in Canada
    Journal of Monetary Economics, 1990, 25, (2), 223-252 View citations

1989

67. Financial intermediation: Delegated monitoring and long-term relationships
    Journal of Banking & Finance, 1989, 13, (1), 9-20 View citations
    See also Working Paper

1988

68. Optimal Financial Structure in Exchange Economies
    International Economic Review, 1988, 29, (2), 217-35 View citations
    See also Working Paper

1987

69. Assessing deregulation: Further considerations A reply to David Romer
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 345-348
70. Bank deregulation, credit markets, and the control of capital
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 289-333 View citations
    See also Working Paper
71. The paradox of loan sales
    Proceedings, 1987, 123-144 View citations

1986

72. Does the potency of monetary policy vary with capacity utilization? A comment
    Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), 333-337
73. Dynamic collusion in an open economy
    Economics Letters, 1986, 20, (1), 75-78 View citations