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Working Paper

from Federal Reserve Bank of Richmond
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05-03: Firm fragmentation and urban patterns Downloads
Esteban Rossi-Hansberg, Pierre Daniel Sarte and Raymond E. Owens
05-02: Do technological improvements in the manufacturing sector raise or lower employment? Downloads
Yongsung Chang and Jay H. Hong
05-01: The replacement problem in frictional economies: a near equivalence result Downloads
Andreas Hornstein, Per Krusell and Giovanni Luca Violante
04-10: Alfred Marshall and the quantity theory of money Downloads
Thomas M. Humphrey
04-09: Productivity, employment, and inventories
Yongsung Chang, Andreas Hornstein and Pierre Daniel Sarte
04-08: The effects of technical change on labor market inequalities Downloads
Andreas Hornstein, Per Krussell and Giovanni Luca Violante
04-07: Whither North Carolina furniture manufacturing? Downloads
Robert L. Lacy
04-06: The output gap, expected future inflation and inflation dynamics: another look Downloads
Yash P. Mehra
04-05: Monetary discretion, pricing complementarity, and dynamic multiple equilibria Downloads
Robert King and Alexander L. Wolman
04-04: An inquiry into the existence and uniqueness of equilibrium with state-dependent pricing Downloads
A. Andrew John and Alexander L. Wolman
04-03: Bank runs and investment decisions revisited Downloads
Huberto M. Ennis and Todd Keister
04-02: State-contingent bank regulation with unobserved actions and unobserved characteristics Downloads
Edward Simpson Prescott
04-01: Price stability and Japanese monetary policy Downloads
Robert L. Hetzel
03-17: Heterogeneity and aggregation in the labor market: implications for aggregate preference shifts Downloads
Yongsung Chang and Sun-Bin Kim
03-16: Payment system disruptions and the Federal Reserve following September 11, 2001 Downloads
Jeffrey Lacker
03-15: Real implications of the zero bound on nominal interest rates Downloads
Alexander L. Wolman
03-14: Unsecured debt with public insurance: from bad to worse Downloads
Kartik Athreya and Nicole B. Simpson
03-13: Classical deflation theory Downloads
Thomas M. Humphrey
03-12: Shortages of small change in early Argentina Downloads
Huberto M. Ennis
03-11: Fiscal policy and regional inflation in a currency union Downloads
Margarida Duarte and Alexander L. Wolman
03-10: Optimal public investment with and without government commitment Downloads
Marina Azzimonti, Pierre Daniel Sarte and Jorge Soares
03-09: Mechanism design and assignment models Downloads
Edward Simpson Prescott and Robert M. Townsend
03-08: James Pennington, (1777-1862): classical banking, monetary, and trade theorist and economic policy advisor Downloads
Thomas M. Humphrey
03-07: Labor shifts and economic fluctuations Downloads
Yongsung Chang and Frank Schorfheide
03-06: On the employment effect of technology: evidence from U.S. manufacturing for 1958-1996 Downloads
Yongsung Chang and Jay H. Hong
03-05: From individual to aggregate labor supply: a quantitative analysis based on a heterogeneous agent macroeconomy Downloads
Yongsung Chang and Sun-Bin Kim
03-04: Aggregate demand management with multiple equilibria Downloads
Huberto M. Ennis and Todd Keister
03-03: Fresh start or head start? Uniform bankruptcy exemptions and welfare Downloads
Kartik Athreya
03-02: Risky higher education and subsidies Downloads
Ahmet Akyol and Kartik Artheya
03-01: Economic growth, liquidity, and bank runs Downloads
Huberto M. Ennis and Todd Keister
02-04: Should optimal discretionary monetary policy look at money? Downloads
Andreas Hornstein and Michael Dotsey
02-03: The Taylor principle, interest rate smoothing and Fed policy in the 1970s and 1980s Downloads
Yash P. Mehra
02-02: Vintage capital as an origin of inequalities
Andreas Hornstein, Per Krussell and Giovanni Luca Violante
02-01: The macroeconomics of U.S. consumer bankruptcy choice: chapter 7 or chapter 13? Downloads
Wenli Li and Pierre Daniel Sarte
01-09: Growth effects of progressive taxes Downloads
Wenli Li and Pierre Daniel Sarte
01-08: The pitfalls of monetary discretion Downloads
Aubhik Khan, Robert King and Alexander L. Wolman
01-07: The role of real wages, productivity, and fiscal policy in Germany's Great Depression, 1928-37 Downloads
Jonas Fisher and Andreas Hornstein
01-06: Sticky prices and inventories: production smoothing reconsidered
Andreas Hornstein and Pierre Daniel Sarte
01-05: The Taylor principle, interest rate smoothing and Fed policy in the 1970s and the 1980s
Yash P. Mehra
01-04: Macroeconomic fluctuations and bargaining Downloads
Huberto M. Ennis
01-03: Optimal policy with probabilistic equilibrium selection Downloads
Huberto M. Ennis and Todd Keister
01-02: The case for price stability Downloads
Marvin Goodfriend and Robert King
01-01: Financial stability, deflation, and monetary policy Downloads
Marvin Goodfriend
00-12: Banking and the political support for dollarization Downloads
Huberto M. Ennis
00-11: Incentives, communication, and payment instruments Downloads
Edward Simpson Prescott and John A. Weinberg
00-10: Optimal monetary policy Downloads
Aubhik Khan, Robert King and Alexander L. Wolman
00-09: Behavior of the real rate of interest over the business cycle Downloads
Michael Dotsey and Brian Scholl
00-08: Firms as clubs in Walrasian markets with private information Downloads
Edward Simpson Prescott and Robert M. Townsend
00-07: Monetary policy frameworks and indicators for the Federal Reserve in the 1920s Downloads
Thomas M. Humphrey
00-06: Medicine worse than the malady: cure rates, population shifts, and health insurance Downloads
Robert F. Graboyes
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