Details about Joe Peek

Postal address:	Joe Peek Research Department, T-9 Federal Reserve Bank of Boston 600 Atlantic Avenue Boston, MA 02210
Workplace:	Economic Research, Federal Reserve Bank of Boston, (more information at EDIRC)

Access statistics for papers by Joe Peek.

Last updated 2024-04-15. Update your information in the RePEc Author Service.

Short-id: ppe90

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Working Papers

2024

1. Relationship Lending: That Ship Has Not Sailed for Community Banks
   Working Papers, Federal Reserve Bank of Boston

2019

2. The effects of changes in local-bank health on household consumption
   Working Papers, Federal Reserve Bank of Boston
   See also Journal Article The Effects of Changes in Local Bank Health on Household Consumption, The Review of Economics and Statistics, MIT Press (2021) (2021)

2018

3. Some unpleasant stabilization arithmetic: remarks at the Federal Reserve Bank of Boston's 62nd Economic Conference, \\"What are the Consequences of Long Spells of Low Interest Rates?\\", Boston, Massachusetts, September 8, 2018
   Speech, Federal Reserve Bank of Boston

2016

4. Does Fed policy reveal a ternary mandate?
   Working Papers, Federal Reserve Bank of Boston View citations (23)
5. Lending to unhealthy firms in Japan during the lost decade: distinguishing between technical and financial health
   Working Papers, Federal Reserve Bank of Boston

2015

6. Credit availability 20 years after Peek and Rosengren: panel discussion
   Speech, Federal Reserve Bank of Boston
7. Credit supply disruptions: from credit crunches to financial crisis
   Current Policy Perspectives, Federal Reserve Bank of Boston
   See also Journal Article Credit Supply Disruptions: From Credit Crunches to Financial Crisis*, Annual Review of Financial Economics, Annual Reviews (2016) View citations (5) (2016)
8. Global standards for liquidity regulation
   Current Policy Perspectives, Federal Reserve Bank of Boston

2013

9. The role of banks in the transmission of monetary policy
   Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (17)
10. The value to banks of small business lending
    Working Papers, Federal Reserve Bank of Boston View citations (2)

2012

11. Nice to be on the A-list
    Working Papers, Federal Reserve Bank of Boston View citations (1)

2010

12. Identifying the Macroeconomic Effect of Loan Supply Shocks
    EcoMod2003, EcoMod View citations (57)
    Also in Working Papers, Federal Reserve Bank of Boston (2000) View citations (22)
    See also Journal Article Identifying the Macroeconomic Effect of Loan Supply Shocks, Journal of Money, Credit and Banking, Blackwell Publishing (2003) View citations (76) (2003)

2006

13. Reciprocity and Network Coordination: Evidence from Japanese Banks
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (2)

2005

14. The importance of bank access to external funds for the transmissions of monetary policy
    Proceedings, Federal Reserve Bank of Chicago

2003

15. Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    See also Journal Article Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan, American Economic Review, American Economic Association (2005) View citations (557) (2005)

2001

16. Japanese Banking Problems: Implications For Southeast Asia
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
    Also in Working Papers, Federal Reserve Bank of Boston (1998) View citations (6)
    See also Chapter Japanese Banking Problems: Implications for Southeast Asia, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) View citations (1) (2002)

2000

17. Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Papers, Federal Reserve Bank of Boston (2000) View citations (6)
    See also Journal Article Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit, American Economic Review, American Economic Association (2002) View citations (176) (2002)

1999

18. Determinants of the Japan Premium: Actions Speak Louder Than Words
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Papers, Federal Reserve Bank of Boston (1998) View citations (15)
    See also Journal Article Determinants of the Japan premium: actions speak louder than words, Journal of International Economics, Elsevier (2001) View citations (50) (2001)
19. Does the Federal Reserve possess an exploitable informational advantage?
    Working Papers, Federal Reserve Bank of Boston View citations (2)
    See also Journal Article Does the federal reserve possess an exploitable informational advantage?, Journal of Monetary Economics, Elsevier (2003) View citations (40) (2003)
20. Factors affecting the Japanese premium
    Proceedings, Federal Reserve Bank of Chicago
21. Impact of greater bank disclosure amidst a banking crisis
    Working Papers, Federal Reserve Bank of Boston View citations (24)
22. International implications of disclosing supervisory information
    Proceedings, Federal Reserve Bank of Chicago
23. Is bank supervision central to central banking?
    Working Papers, Federal Reserve Bank of Boston View citations (134)
    See also Journal Article Is Bank Supervision Central to Central Banking?, The Quarterly Journal of Economics, President and Fellows of Harvard College (1999) View citations (160) (1999)

1998

24. Can bank supervisory information improve forecasts of variables critical to monetary policy?
    Proceedings, Federal Reserve Bank of Chicago
25. Does the Federal Reserve have an informational advantage? you can bank on it
    Working Papers, Federal Reserve Bank of Boston View citations (16)
26. The poor performance of foreign bank subsidiaries: were the problems acquired or created?
    Working Papers, Federal Reserve Bank of Boston View citations (4)
    See also Journal Article The poor performance of foreign bank subsidiaries: Were the problems acquired or created?, Journal of Banking & Finance, Elsevier (1999) View citations (72) (1999)

1997

27. Bank consolidation and small business lending: it's not just bank size that matters
    Working Papers, Federal Reserve Bank of Boston View citations (21)
    See also Journal Article Bank consolidation and small business lending: It's not just bank size that matters, Journal of Banking & Finance, Elsevier (1998) View citations (191) (1998)
28. Collateral damage: effects of the Japanese real estate collapse on credit availability and real activity in the United States
    Working Papers, Federal Reserve Bank of Boston View citations (16)
29. Is banking supervision central to central banking?
    Working Papers, Federal Reserve Bank of Boston View citations (4)

1996

30. Derivatives Activity at Troubled Banks
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (3)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (1996) View citations (1)
    Working Papers, Federal Reserve Bank of Boston (1996) View citations (1)
    See also Journal Article Derivatives Activity at Troubled Banks, Journal of Financial Services Research, Springer (1997) View citations (10) (1997)
31. The International Transmission of Financial Shocks: The Case of Japan
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)
    Also in Working Papers, Federal Reserve Bank of Boston (1996) View citations (13)
    See also Journal Article The International Transmission of Financial Shocks: The Case of Japan, American Economic Review, American Economic Association (1997) View citations (539) (1997)
32. Will Legislated Early Intervention Prevent the Next Banking Crisis?
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (5)
    Also in Working Papers, Federal Reserve Bank of Boston (1996) View citations (11)
    See also Journal Article Will Legislated Early Intervention Prevent the Next Banking Crisis?, Southern Economic Journal, John Wiley & Sons (1997) View citations (3) (1997)

1995

33. Bank regulatory agreements and real estate lending
    Working Papers, Federal Reserve Bank of Boston View citations (7)
    See also Journal Article Bank Regulatory Agreements and Real Estate Lending, Real Estate Economics, American Real Estate and Urban Economics Association (1996) View citations (17) (1996)
34. Banks and the availability of small business loans
    Working Papers, Federal Reserve Bank of Boston View citations (19)
35. Small business credit availability: how important is size of lender?
    Working Papers, Federal Reserve Bank of Boston View citations (39)
36. The effects of interstate branching on small business lending
    Proceedings, Federal Reserve Bank of Chicago View citations (3)

1993

37. Bank Real Estate And The New England Capital Crunch
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (4)
38. Bank regulation and the credit crunch
    Working Papers, Federal Reserve Bank of Boston View citations (12)
    See also Journal Article Bank regulation and the credit crunch, Journal of Banking & Finance, Elsevier (1995) View citations (248) (1995)
39. The Capital Crunch: Neither A Borrower Nor A Lender Be
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    Also in Working Papers, Federal Reserve Bank of Boston (1991) View citations (16)
    See also Journal Article The Capital Crunch: Neither a Borrower nor a Lender Be, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (305) (1995)

1992

40. Bank capital regulation and the New England credit crunch
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
41. The role of real estate in the New England credit crunch
    Working Papers, Federal Reserve Bank of Boston View citations (3)

1991

42. The measurement and determinants of single-family house prices
    Working Papers, Federal Reserve Bank of Boston View citations (45)
    See also Journal Article The Measurement and Determinants of Single‐Family House Prices, Real Estate Economics, American Real Estate and Urban Economics Association (1991) View citations (36) (1991)
43. Treasury bill rates in the 1970s and 1980s
    Working Papers, Federal Reserve Bank of Boston
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (2)
    See also Journal Article Treasury Bill Rates in the 1970s and 1980s, Journal of Money, Credit and Banking, Blackwell Publishing (1992) View citations (3) (1992)

1990

44. Pitfalls in Fisher Model Building: Interest Rates and Inflation in the Interwar Period
    Research Program in Finance Working Papers, University of California at Berkeley
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (1988)

1989

45. Interest Rates in the Reagan Years
    NBER Working Papers, National Bureau of Economic Research, Inc

1987

46. Private Saving in the United States: 1950-85
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (1987) View citations (6)

1985

47. Taxable and Tax-Exempt Interest Rates: The Role of Personal and Corporate Tax Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Research Program in Finance Working Papers, University of California at Berkeley (1985) View citations (1)

1984

48. Household Saving: An Econometric Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
49. The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates, American Economic Review, American Economic Association (1984) View citations (9) (1984)
50. The Reaction of Reduced-Form Coefficients to Regime Changes: The Case of Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc

1982

51. The Postwar Stability of the Fisher Effect
    Research Program in Finance Working Papers, University of California at Berkeley
    See also Journal Article The Postwar Stability of the Fisher Effect, Journal of Finance, American Finance Association (1983) View citations (11) (1983)

Journal Articles

2021

1. The Effects of Changes in Local Bank Health on Household Consumption
   The Review of Economics and Statistics, 2021, 103, (4), 711-724
   See also Working Paper The effects of changes in local-bank health on household consumption, Working Papers (2019) (2019)

2020

2. Discussion of Choi, Holcomb, and Morgan
   Journal of Money, Credit and Banking, 2020, 52, (S1), 267-272

2018

3. Comments on “The Interplay between Regulations and Financial Stability”
   Journal of Financial Services Research, 2018, 53, (2), 249-254

2016

4. Credit Supply Disruptions: From Credit Crunches to Financial Crisis*
   Annual Review of Financial Economics, 2016, 8, (1), 81-95 View citations (5)
   See also Working Paper Credit supply disruptions: from credit crunches to financial crisis, Current Policy Perspectives (2015) (2015)

2014

5. Discussion of Aiyar, Calomiris, and Wieladek
   Journal of Money, Credit and Banking, 2014, 46, (s1), 215-218

2013

6. Cliff notes: the effects of the 2013 debt-ceiling crisis
   Public Policy Brief, 2013 View citations (2)
7. Special Issue Editors' Introduction
   Journal of Money, Credit and Banking, 2013, 45, (s1), 1-1
   Also in Journal of Money, Credit and Banking, 2013, 45, 1-1 (2013)

2010

8. Capital Constraints, Asymmetric Information, and Internal Capital Markets in Banking: New Evidence
   Journal of Money, Credit and Banking, 2010, 42, (5), 879-906 View citations (24)
   Also in Journal of Money, Credit and Banking, 2010, 42, (5), 879-906 (2010) View citations (11)

2008

9. Credit Availability and the Structure of the Homebuilding Industry
   Real Estate Economics, 2008, 36, (4), 659-692 View citations (9)

2007

10. Asymmetric information and liquidity constraints: A new test
    Journal of Banking & Finance, 2007, 31, (8), 2425-2451 View citations (27)

2006

11. Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment
    American Economic Review, 2006, 96, (2), 135-140 View citations (32)

2005

12. Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
    American Economic Review, 2005, 95, (4), 1144-1166 View citations (557)
    See also Working Paper Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan, NBER Working Papers (2003) View citations (43) (2003)

2003

13. Does the federal reserve possess an exploitable informational advantage?
    Journal of Monetary Economics, 2003, 50, (4), 817-839 View citations (40)
    See also Working Paper Does the Federal Reserve possess an exploitable informational advantage?, Working Papers (1999) View citations (2) (1999)
14. Identifying the Macroeconomic Effect of Loan Supply Shocks
    Journal of Money, Credit and Banking, 2003, 35, (6), 931-46 View citations (76)
    See also Working Paper Identifying the Macroeconomic Effect of Loan Supply Shocks, EcoMod2003 (2010) View citations (57) (2010)

2002

15. Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
    American Economic Review, 2002, 92, (3), 664-682 View citations (176)
    See also Working Paper Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit, NBER Working Papers (2000) View citations (9) (2000)

2001

16. Determinants of the Japan premium: actions speak louder than words
    Journal of International Economics, 2001, 53, (2), 283-305 View citations (50)
    See also Working Paper Determinants of the Japan Premium: Actions Speak Louder Than Words, NBER Working Papers (1999) View citations (4) (1999)

2000

17. Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States
    American Economic Review, 2000, 90, (1), 30-45 View citations (809)
18. Implications of the globalization of the banking sector: the Latin American experience
    New England Economic Review, 2000, (Sep), 45-62 View citations (100)
    Also in Conference Series ; [Proceedings], 2000, 44, (Jun), 145-185 (2000) View citations (93)
19. The Market Reaction to the Disclosure of Supervisory Actions: Implications for Bank Transparency
    Journal of Financial Intermediation, 2000, 9, (3), 298-319 View citations (63)

1999

20. Is Bank Supervision Central to Central Banking?
    The Quarterly Journal of Economics, 1999, 114, (2), 629-653 View citations (160)
    See also Working Paper Is bank supervision central to central banking?, Working Papers (1999) View citations (134) (1999)
21. Japanese banking problems: implications for lending in the United States
    New England Economic Review, 1999, (Jan), 25-36 View citations (2)
22. The poor performance of foreign bank subsidiaries: Were the problems acquired or created?
    Journal of Banking & Finance, 1999, 23, (2-4), 579-604 View citations (72)
    See also Working Paper The poor performance of foreign bank subsidiaries: were the problems acquired or created?, Working Papers (1998) View citations (4) (1998)
23. Using bank supervisory data to improve macroeconomic forecasts
    New England Economic Review, 1999, (Sep), 21-32 View citations (3)

1998

24. Bank consolidation and small business lending: It's not just bank size that matters
    Journal of Banking & Finance, 1998, 22, (6-8), 799-819 View citations (191)
    See also Working Paper Bank consolidation and small business lending: it's not just bank size that matters, Working Papers (1997) View citations (21) (1997)
25. The evolution of bank lending to small business
    New England Economic Review, 1998, (Mar), 27-36 View citations (5)

1997

26. Derivatives Activity at Troubled Banks
    Journal of Financial Services Research, 1997, 12, (2), 287-302 View citations (10)
    See also Working Paper Derivatives Activity at Troubled Banks, Center for Financial Institutions Working Papers (1996) View citations (3) (1996)
27. Have borrower concentration limits encouraged bank consolidation?
    New England Economic Review, 1997, (Jan), 37-47 View citations (1)
28. How well capitalized are well-capitalized banks?
    New England Economic Review, 1997, (Sep), 41-50 View citations (13)
29. The International Transmission of Financial Shocks: The Case of Japan
    American Economic Review, 1997, 87, (4), 495-505 View citations (539)
    See also Working Paper The International Transmission of Financial Shocks: The Case of Japan, Boston College Working Papers in Economics (1996) View citations (3) (1996)
30. Will Legislated Early Intervention Prevent the Next Banking Crisis?
    Southern Economic Journal, 1997, 64, (1), 268-280 View citations (3)
    See also Working Paper Will Legislated Early Intervention Prevent the Next Banking Crisis?, Boston College Working Papers in Economics (1996) View citations (5) (1996)

1996

31. Bank Regulatory Agreements and Real Estate Lending
    Real Estate Economics, 1996, 24, (1), 55-73 View citations (17)
    See also Working Paper Bank regulatory agreements and real estate lending, Working Papers (1995) View citations (7) (1995)
32. The use of capital ratios to trigger intervention in problem banks: too little, too late
    New England Economic Review, 1996, (Sep), 49-58 View citations (16)

1995

33. Bank lending and the transmission of monetary policy
    Conference Series ; [Proceedings], 1995, 39, 47-79 View citations (54)
34. Bank regulation and the credit crunch
    Journal of Banking & Finance, 1995, 19, (3-4), 679-692 View citations (248)
    See also Working Paper Bank regulation and the credit crunch, Working Papers (1993) View citations (12) (1993)
35. Bank regulatory agreements in New England
    New England Economic Review, 1995, (May), 15-24 View citations (18)
36. Is bank lending important for the transmission of monetary policy: an overview
    Conference Series ; [Proceedings], 1995, 39, 1-14 View citations (79)
    Also in New England Economic Review, 1995, (Nov), 3-11 (1995) View citations (59)
37. Is bank lending important for the transmission of monetary policy? proceedings of a conference held in June 1995
    Conference Series ; [Proceedings], 1995, 39, (Jun) View citations (11)
38. The Capital Crunch: Neither a Borrower nor a Lender Be
    Journal of Money, Credit and Banking, 1995, 27, (3), 625-38 View citations (305)
    See also Working Paper The Capital Crunch: Neither A Borrower Nor A Lender Be, Boston College Working Papers in Economics (1993) View citations (2) (1993)

1994

39. Bank Real Estate Lending and the New England Capital Crunch
    Real Estate Economics, 1994, 22, (1), 33-58 View citations (44)

1993

40. Business failures in New England
    New England Economic Review, 1993, (Nov), 33-44 View citations (2)

1992

41. Crunching the recovery: bank capital and the role of bank credit
    Conference Series ; [Proceedings], 1992, 36, 151-186 View citations (10)
42. The capital crunch in New England
    New England Economic Review, 1992, (May), 21-31 View citations (20)
43. Treasury Bill Rates in the 1970s and 1980s
    Journal of Money, Credit and Banking, 1992, 24, (2), 195-214 View citations (3)
    See also Working Paper Treasury bill rates in the 1970s and 1980s, Working Papers (1991) (1991)

1991

44. A real, affordable mortgage
    New England Economic Review, 1991, (Jan), 51-66 View citations (3)
45. The Measurement and Determinants of Single‐Family House Prices
    Real Estate Economics, 1991, 19, (3), 353-382 View citations (36)
    See also Working Paper The measurement and determinants of single-family house prices, Working Papers (1991) View citations (45) (1991)
46. The baby boom, \\"pent-up demand\\" and future house prices
    Proceedings, 1991, (Nov) View citations (1)

1990

47. A call to ARMs: adjustable rate mortgages in the 1980s
    New England Economic Review, 1990, (Mar), 47-61 View citations (2)

1989

48. Household Saving in the United States: Measurement and Behavior
    Journal of Business & Economic Statistics, 1989, 7, (1), 11-19 View citations (3)

1988

49. Inflation and the excess taxation of personal interest income
    New England Economic Review, 1988, (Mar), 46-52
50. The stock market and economic activity
    New England Economic Review, 1988, (May), 39-50 View citations (6)

1987

51. Monetary Policy Regimes and the Reduced Form for Interest Rates
    Journal of Money, Credit and Banking, 1987, 19, (3), 273-91 View citations (7)
52. The distorting effects of the inflation premium on personal income and expenditures
    New England Economic Review, 1987, (Sep), 10-24

1986

53. An Ex Ante View of Household Portfolio Choice: The Role of Expected Capital Gains
    The Review of Economics and Statistics, 1986, 68, (2), 207-16 View citations (1)
54. Household wealth composition: the impact of capital gains
    New England Economic Review, 1986, (Nov), 26-39 View citations (6)
55. Tax rate effects on interest rates
    Economics Letters, 1986, 20, (2), 183-186 View citations (2)
56. Tax rates and interest rates on tax-exempt securities
    New England Economic Review, 1986, (Jan), 29-41 View citations (5)

1984

57. The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates
    American Economic Review, 1984, 74, (5), 1061-66 View citations (9)
    See also Working Paper The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates, NBER Working Papers (1984) View citations (9) (1984)

1983

58. Capital Gains and Personal Saving Behavior
    Journal of Money, Credit and Banking, 1983, 15, (1), 1-23 View citations (37)
59. The Postwar Stability of the Fisher Effect
    Journal of Finance, 1983, 38, (4), 1111-24 View citations (11)
    See also Working Paper The Postwar Stability of the Fisher Effect, Research Program in Finance Working Papers (1982) (1982)

1982

60. Interest Rates, Income Taxes, and Anticipated Inflation
    American Economic Review, 1982, 72, (5), 980-91 View citations (13)
61. Personal Saving and the Measurement of Income Tax Liabilities
    The Review of Economics and Statistics, 1982, 64, (1), 143-47 View citations (2)

Chapters

2002

1. Japanese Banking Problems: Implications for Southeast Asia
   Chapter 10 in Banking, Financial Integration, and International Crises, 2002, vol. 3, pp 303-332 View citations (1)
   See also Working Paper Japanese Banking Problems: Implications For Southeast Asia, Central Bank of Chile (2001) View citations (1) (2001)

2001

2. Synergies between Bank Supervision and Monetary Policy: Implications for the Design of Bank Regulatory Structure
   A chapter in Prudential Supervision: What Works and What Doesn't, 2001, pp 273-300 View citations (4)

1989

3. Aggregate U.S. Private Saving: Conceptual Measures
   A chapter in The Measurement of Saving, Investment, and Wealth, 1989, pp 185-226 View citations (4)