Finance and Economics Discussion Series

from Board of Governors of the Federal Reserve System (U.S.)
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().

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1999-55: Tests for non-linear dynamics in systems of non-stationary economic time series: the case of short-term US interest rates

Barry Edward Jones and Travis Dean Nesmith

1999-54: Measurement error in general equilibrium: the aggregate effects of noisy economic indicators

Antulio N. Bomfim

1999-53: The causes of business cycles and the cyclicality of real wages

Charles Fleischman

1999-52: Measuring the cyclicality of real wages: how important is aggregation across industries?

Eric Thomas Swanson

1999-51: Optimal control of large, forward-looking models efficient solutions and two examples

Frederico S. Finan and Robert Tetlow

1999-50: Do noisy data exacerbate cyclical volatility?

Antulio N. Bomfim

1999-49: What's happened to the Phillips curve?

Flint Brayton, John M. Roberts and John C. Williams

1999-48: Monetary policy, parameter uncertainty and optimal learning

Volker Wieland

1999-47: Option prices with uncertain fundamentals theory and evidence on the dynamics of implied volatilities

Alexander David and Pietro Varonesi

1999-46: Minimum wage careers?

William J. Carrington and Bruce Fallick

1999-45: Errors in the measurement of the output gap and the design of monetary policy

Athanasios Orphanides, Richard D. Porter, David Reifschneider, Robert Tetlow and Frederico Finan

1999-44: Three lessons for monetary policy in a low inflation era

David Reifschneider and John C. Williams

1999-43: Oil and the macroeconomy revisited

Mark A. Hooker

1999-42: Optimal discretion

Yvan Lengwiler and Athanasios Orphanides

1999-41: The dynamics of market entry: the effects of mergers and acquisitions on do novo entry and small business lending in the banking industry

Allen N. Berger, Seth D. Bonime, Lawrence G. Goldberg and Lawrence J. White

1999-40: Conglomeration versus strategic focus: evidence from the insurance industry

Allen N. Berger, John Cummins, Mary A. Weiss and Hongmin Zi

1999-39: Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence

Brian Sack and Volker Wieland

1999-38: The reliability of output gap estimates in real time

Athanasios Orphanides and Simon van Norden

1999-37: Monitoring, moral hazard, and market power: a model of bank lending

Daniel Covitz and Erik Heitfield

1999-36: Computers and growth with costs of adjustment: will the future look like the past?

Michael Kiley

1999-35: Finance and growth: theory and new evidence

Paul Harrison, Oren Sussman and Joseph Zeira

1999-34: The banking industry and the safety net subsidy

Andreas Lehnert and Wayne Passmore

1999-33: Pricing systemic crises: monetary and fiscal policy when savers are uncertain

Andreas Lehnert and Wayne Passmore

1999-32: Recent trends in compensation practices

David Lebow, Louise Sheiner, Larry Slifman and Martha Starr

1999-31: Downward nominal wage rigidity: evidence from the employment cost index

David E. Lebow, Raven E. Saks and Beth Anne Wilson

1999-30: Intra-household allocation and the mental health of children: structural estimation analysis

Morris Davis and E. Michael Foster

1999-29: A coherent framework for stress-testing

Jeremy Berkowitz

1999-28: Why are bank profits so persistent: the roles of product market competition, informational opacity, and regional/macroeconomic shocks

Allen N. Berger, Seth D. Bonime, Daniel M. Covitz and Diana Hancock

1999-27: Investment behavior, observable expectations, and internal funds

Jason Cummins, Kevin Allen Hassett and Stephen D. Oliner

1999-26: An analysis of government spending in the frequency domain

Darrel Cohen

1999-25: Competition, small business financing, and discrimination: evidence from a new survey

Ken Cavalluzzo, Linda Cavalluzzo and John David Wolken

1999-24: Consumption smoothing among working-class American families before social insurance

Michael G. Palumbo, John A. James and Mark Thomas

1999-23: Corporate payout policy and managerial stock incentives

George W. Fenn and Nellie Liang

1999-22: Wage rigidity: a look inside the firm

Beth Anne Wilson

1999-21: Tax incentives, material inputs, and the supply curve for capital equipment

Karl T. Whelan

1999-20: Demographics and medical care spending: standard and non-standard effects

David M. Cutler and Louise Sheiner

1999-19: Health care costs, wages, and aging

Louise Sheiner

1999-18: The geography of Medicare

David M. Cutler and Louise Sheiner

1999-17: The measurement of consumer expectations using survey data

Martha Starr

1999-16: Net migration and state labor market dynamics

Joshua Hojvat Gallin

1999-15: Unemployment risk and precautionary wealth: evidence from households' balance sheets

Christopher Carroll, Karen E. Dynan and Spencer D. Krane

1999-14: Short rate expectations, term premiums, and central bank use of derivatives to reduce policy uncertainty

Peter Tinsley

1999-13: What explains the dramatic changes in cost and profit performance of the U.S. banking industry?

Allen N. Berger and Loretta J. Mester

1999-12: Simple rules for monetary policy

John C. Williams

1999-11: Evaluating the forecasts of risk models

Jeremy Berkowitz

1999-10: Simplicity versus optimality the choice of monetary policy rules when agents must learn

Robert Tetlow and Peter von zur Muehlen

1999-09: Asymmetric information in the labor market: new evidence on layoffs, recalls, and unemployment

Núria Rodriguez-Planas

1999-08: The aggregate change in shares and the level of stock prices

William R. Nelson

1999-07: Why does the change in shares predict stock returns?

William R. Nelson

1999-06: Evidence of excess returns on firms that issue or repurchase equity

William R. Nelson