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 ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

2003-65: The responses of wages and prices to technology shocks

Rochelle Edge, Thomas Laubach and John C. Williams

2003-64: The GSE implicit subsidy and value of government ambiguity

Wayne Passmore

2003-63: Cash balance pension plan conversions and the new economy

Julia Lynn Coronado and Phillip C. Copeland

2003-62: Risk-based pricing of interest rates in household loan markets

Wendy Edelberg

2003-61: Calculating and using second order accurate solutions of discrete time dynamic equilibrium models

Jinill Kim, Sunghyun Henry Kim, Ernst Schaumburg and Christopher Sims

2003-60: Asset prices and rents in a GE model with imperfect competition

Pierre Lafourcade

2003-59: Forecasting exogenous fiscal variables in the United States

Darrel Cohen and Glenn Follette

2003-58: Getting bad news out early: does it really help stock prices?

Chris Downing and Steven Sharpe

2003-57: What if welfare had no work requirements? the age of youngest child exemption and the rise in employment of single mothers

Jonathan Pingle

2003-56: The effect of restructuring on unemployment

Andrew Figura

2003-55: Central bank talk: does it matter and why?

Donald L. Kohn and Brian P. Sack

2003-54: Capital flows among the G-7 nations: a demographic perspective

Michael Feroli

2003-53: Bank risk ratings and the pricing of agricultural loans

Nick Walraven and Peter Barry

2003-52: Estimating the worldwide volume of counterfeit U.S. currency: data and extrapolation

Ruth Judson and Richard Porter

2003-51: Welfare effects of tax policy in open economies: stabilization and cooperation

Jinill Kim and Sunghyun Henry Kim

2003-50: The excess sensitivity of long-term interest rates: evidence and implications for macroeconomic models

Refet S. Gürkaynak, Brian Sack and Eric Thomas Swanson

2003-49: Does mortgage hedging amplify movements in long-term interest rates?

Roberto Perli and Brian Sack

2003-48: Modeling aggregate investment: a fundamentalist approach

John M. Roberts

2003-47: Further evidence on the link between finance and growth: an international analysis of community banking and economic performance

Allen N. Berger, Iftekhar Hasan and Leora F. Klapper

2003-46: Can rational expectations sticky-price models explain inflation dynamics?

Jeremy Rudd and Karl T. Whelan

2003-45: Interest rates as options: assessing the markets' view of the liquidity trap

Antulio N. Bomfim

2003-44: The replacement demand for motor vehicles: evidence from the Survey of Consumer Finances

Ana Aizcorbe, Martha Starr and James T Hickman

2003-43: Inflation targets, credibility, and persistence in a simple sticky-price framework

Jeremy Rudd and Karl T. Whelan

2003-42: An empirical test of a two-factor mortgage valuation model: how much do house prices matter?

Chris Downing, Richard Stanton and Nancy Wallace

2003-41: Inflation scares and forecast-based monetary policy

Athanasios Orphanides and John C. Williams

2003-40: Volatility puzzles: a unified framework for gauging return-volatility regressions

Tim Bollerslev and Hao Zhou

2003-39: Economic and regulatory capital allocation for revolving retail exposures

Roberto Perli and William I. Nayda

2003-38: Did pension plan accounting contribute to a stock market bubble?

Julia Lynn Coronado and Steven Sharpe

2003-37: Do banks strategically time public bond issuance because of the accompanying disclosure, due diligence, and investor scrutiny?

Daniel M. Covitz and Paul Harrison

2003-36: Historical monetary policy analysis and the Taylor rule

Athanasios Orphanides

2003-35: Nationwide branching and its impact on market structure, quality and bank performance

Astrid A. Dick

2003-34: Coordination, fair treatment and inflation persistence

John Driscoll and Steinar Holden

2003-33: Firm specific human capital vs. job matching: a new test

Erwan Quintin and John Stevens

2003-32: Itô conditional moment generator and the estimation of short rate processes

Hao Zhou

2003-31: Does bank lending affect output? evidence from the U.S. states

John Driscoll

2003-30: Sticky prices, coordination and enforcement

John Driscoll and Harumi Ito

2003-29: Inflation persistence and relative contracting

John Driscoll and Steinar Holden

2003-28: Tunnels and reserves in monetary policy implementation

William Whitesell

2003-27: Declining required reserves, funds rate volatility, and open market operations

Selva Demiralp & Dennis Farley

2003-26: Inventory dynamics and business cycles: what has changed?

Jonathan McCarthy & Egon Zakrajsek (Jonathan McCarthy)

2003-25: What did the credit market expect of Argentina default? Evidence from default swap data

Frank X. Zhang

2003-24: A rolling tide: changes in the distribution of wealth in the U.S., 1989-2001

Arthur B. Kennickell

2003-23: Minimum wages, labor market institutions, and youth employment: a cross-national analysis

David Naumark & William Wascher (David Neumark)

2003-22: The recall and new job search of laid-off workers: a bivariate proportional hazard model with unobserved heterogeneity

Bruce Fallick and Keunkwan Ryu

2003-21: Regime-shifts, risk premiums in the term structure, and the business cycle

Ravi Bansal and George Tauchen & Hao Zhou (Hao Zhou and George Tauchen)

2003-20: Wealth effects and the consumption of leisure: retirement decisions during the stock market boom of the 1900s

Julia Lynn Coronado & Maria Perozek

2003-19: Estimates of the term premium on near-dated federal funds futures contracts

J. Benson Durham

2003-18: The effects of war risk on U.S. financial markets

Roberto Rigobon and Brian Sack

2003-17: The long-run relationship between house prices and income: evidence from local housing markets

Joshua Gallin

2003-16: Foreclosing on opportunity: state laws and mortgage credit

Karen M. Pence