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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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1997-32: Social security privatization: what it can and cannot accomplish
Randall P. Mariger
1997-31: Asymmetric adjustments of price and output
Peter Tinsley and Reva Krieger
1997-30: Declining required reserves and the volatility of the federal funds rate
James A. Clouse and Douglas Elmendorf
1997-28: The effects of bank mergers and acquisitions on small business lending
Allen N. Berger , Anthony Saunders , Joseph M. Scalise and Gregory Udell
1997-27: Default correlation: an analytical result
Chunsheng Zhou
1997-26: Nonparametric density estimation and tests of continuous time interest rate models
Matt Pritsker
1997-25: Small business lending by banks involved in mergers
Nicholas Walraven
1997-24: Efficiency wages, nominal rigidities, and the cyclical behavior of real wages and marginal cost
Michael Kiley
1997-23: Dynamic equilibrium economies: a framework for comparing models and data
Francis Diebold , Lee Edward Ohanian and Jeremy Berkowitz
1997-22: Margin requirements, volatility, and market integrity: what have we learned since the crash?
Paul H. Kupiec
1997-21: 'Home' base and monetary base rules: elementary evidence from the 1980s and 1990s
Philip N. Jefferson
1997-20: Extracting information from trading volume
Dominique Dupont
1997-19: The effect of automated underwriting on the profitability of mortgage securitization
Wayne Passmore and Roger Sparks
1997-18: Three sources of increasing returns to scale
Jinill Kim
1997-17: Price level determinacy and monetary policy under a balanced-budget requirement
Stephanie Schmitt-Grohe and Martin Uribe
1997-16: Path-dependent option valuation when the underlying path is discontinuous
Chunsheng Zhou
1997-15: A jump-diffusion approach to modeling credit risk and valuing defaultable securities
Chunsheng Zhou
1997-14: The pre-commitment approach: using incentives to set market risk capital requirements
Paul H. Kupiec and James M. O'Brien
1997-13: Credit derivatives in banking: useful tools for managing risk?
Gregory R. Duffee and Chunsheng Zhou
1997-12: Measuring the social return to R&D
Charles I. Jones and John C. Williams
1997-11: Efficiency of financial institutions: international survey and directions for future research
Allen N. Berger and David B. Humphrey
1997-10: Inside the black box: what explains differences in the efficiencies of financial institutions?
Allen N. Berger and Loretta J. Mester
1997-9: The effects of megamergers on efficiency and prices: evidence from a bank profit function
Jalal Akhavein , Allen N. Berger and David B. Humphrey
1997-8: Problem loans and cost efficiency in commercial banks
Allen N. Berger and Robert DeYoung
1997-7: The Community Reinvestment Act and the profitability of mortgage-oriented banks
Glenn Canner and Wayne Passmore
1997-6: Earnings forecasts and the predictability of stock returns: evidence from trading the S&P
Joel Lander , Athanasios Orphanides and Martha Douvogiannis
1997-5: Computationally convenient distributional assumptions for common value auctions
Michael Gordy
1997-4: Information sharing and competition in the motor vehicle industry
Maura P. Doyle and Christopher M. Snyder
1997-3: Estimating dynamic panel data models: a practical guide for macroeconomists
Ruth A. Judson and Ann L. Owen
1997-2: The role of race in mortgage lending: revisiting the Boston Fed study
Raphael W. Bostic
1997-1: Movements of wages over the business cycle: an intra-firm view
Beth Anne Wilson
1996-50: Smart systems and simple agents: industry pricing by parallel rules
Raymond Board and Peter Tinsley
1996-49: Off-farm labor supply and fertilizer use
Russell L. Lamb
1996-48: The endogeneity of employment adjustment costs: the tradeoff between efficiency and flexibility
Charles Fleischman
96-47: Moving endpoints and the internal consistency of agents' ex ante forecasts
Sharon Kozicki and Peter Tinsley
96-46: Evidence on the link between firm-level and aggregate inventory behavior
Scott Schuh
96-45: Recent developments in bootstrapping time series
Jeremy Berkowitz and Lutz Kilian
96-44: The effects of deficit-reduction laws on real interest rates
Douglas Elmendorf
96-43: Investment and union certification
Bruce Fallick and Kevin Allen Hassett
96-42: A guide to FRB/US: a macroeconomic model of the United States
F. Brayton and Peter Tinsley
96-41: "Forecasting the forecasts of others." Expectational heterogeneity and aggregate dynamics
Antulio N. Bomfim
96-40: Motor vehicle stocks, scrappage, and sales
Alan Greenspan and Darrel Cohen
96-39: Long-horizon exchange rate predictability?
Jeremy Berkowitz and Lorenzo Giorgianni
96-38: What's good for GM...? Using auto industry stock returns to forecast business cycles and test the Q-theory of investment
Gregory R. Duffee and Steven D. Prowse
96-37: Generalized spectral estimation
Jeremy Berkowitz
96-36: Debt maturity and the use of interest rate derivatives by non-financial firms
George W. Fenn , Mitch Post and Steven Sharpe
96-35: Vehicle ownership, vehicle acquisitions and the growth of auto leasing: evidence from consumer surveys
Ana Aizcorbe and Martha Starr
96-34: Initial public offerings in hot and cold markets
Jean Helwege and Nellie Liang
96-33: The lead of output over inflation in sticky price models
Michael Kiley
96-32: Taxation of labor income and the demand for risky assets
Douglas Elmendorf and Miles Spencer Kimball