Working Papers

From Federal Reserve Bank of Cleveland
Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().

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.

23-24: Basic Facts on the Coverage of the Paycheck Protection Program

Angela Guo and Mark Schweitzer

23-23: Wage Adjustment in Efficient Long-Term Employment Relationships

Michael Elsby, Axel Gottfries, Pawel Krolikowski and Gary Solon

23-22: The Expectations of Others

Ezequiel Garcia-Lembergman, Ina Hajdini, John Leer, Mathieu Pedemonte and Raphael Schoenle

23-21: Estimating Duration Dependence on Re-employment Wages When Reservation Wages Are Binding

Richard Grice, Victor Hernandez Martinez and Kaixin Liu

23-20: The FOMC versus the Staff: Do Policymakers Add Value in Their Tales?

Ilias Filippou, James Mitchell and My T. Nguyen

23-19: Business Cycles and Low-Frequency Fluctuations in the US Unemployment Rate

Kurt Lunsford

23-18: Random Walk Forecasts of Stationary Processes Have Low Bias

Kurt Lunsford and Kenneth D. West

23-17: On the Origins of the Federal Reserve System and Its Structure

Owen Humpage

23-16: Childhood Exposure to Violence and Nurturing Relationships: The Long-Run Effects on Black Men

Dionissi Aliprantis and Kristen Tauber

2023-16: K–12 Schools in Ohio Are Separate and Unequal

Dionissi Aliprantis and Mukund Jayaram

23-15: Deep Neural Network Estimation in Panel Data Models

Ilias Chronopoulos, Katerina Chrysikou, George Kapetanios, James Mitchell and Aristeidis Raftapostolos

23-14: Estimates of Cost-Price Passthrough from Business Survey Data

Wändi Bruine de Bruin, Keshav Dogra, Sebastian Heise, Edward Knotek, Brent Meyer, Robert Rich, Raphael Schoenle, Giorgio Topa and Wilbert van der Klaauw

23-14: Estimates of Cost-Price Passthrough from Business Survey Data

Wändi Bruine de Bruin, Keshav Dogra, Sebastian Heise, Edward Knotek, Brent Meyer, Robert Rich, Raphael Schoenle, Giorgio Topa and Wilbert van der Klaauw

23-13: On the Essentiality of Credit and Banking at Zero Interest Rates

Paola Boel and Christopher Waller

23-12: Sticky Wages on the Layoff Margin

Steven Davis and Pawel Krolikowski

23-11: Nominal Rigidities and the Term Structures of Equity and Bond Returns

Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande

23-10: The Art of Temporal Approximation An Investigation into Numerical Solutions to Discrete and Continuous-Time Problems in Economics

Keyvan Eslami and Thomas Phelan

23-09: Incorporating Short Data into Large Mixed-Frequency VARs for Regional Nowcasting

Gary Koop, Gary Koop, Stuart McIntyre, James Mitchell, Aubrey Poon and Ping Wu

23-08: The Effect of Local Economic Shocks on Local and National Elections

Juan Herreño, Matias Morales and Mathieu Pedemonte

23-07R: Optimal Fiscal Reform with Many Taxes

Daniel Carroll, André Victor Doherty Luduvice and Eric Young

23-06R: Post-COVID Inflation Dynamics: Higher for Longer

Randal Verbrugge and Saeed Zaman

23-05: Bayesian Modeling of Time-Varying Parameters Using Regression Trees

Niko Hauzenberger, Florian Huber, Gary Koop and James Mitchell

23-04: Aggregate Implications of Heterogeneous Inflation Expectations: The Role of Individual Experience

Mathieu Pedemonte, Hiroshi Toma and Esteban Verdugo

23-03: The Hard Road to a Soft Landing: Evidence from a (Modestly) Nonlinear Structural Model

Randal Verbrugge and Saeed Zaman

23-01: The Transmission of International Monetary Policy Shocks on Firms' Expectations

Serafin Frache, Rodrigo Lluberas, Mathieu Pedemonte and Javier Turen

22-39: Corporate tax cuts and the decline of the manufacturing labor share

Baris Kaymak and Immo Schott

22-38R: Disentangling rent index differences: data, methods, and scope

Brian Adams, Lara Loewenstein, Hugh Montag and Randal Verbrugge

22-37: What is the Predictive Value of SPF Point and Density Forecasts?

Todd Clark, Gergely Ganics and Elmar Mertens

22-36R: Constructing Fan Charts from the Ragged Edge of SPF Forecasts

Todd Clark, Gergely Ganics and Elmar Mertens

22-36: Constructing Fan Charts from the Ragged Edge of SPF Forecasts

Todd Clark, Gergely Ganics and Elmar Mertens

22-35: Indirect Consumer Inflation Expectations: Theory and Evidence

Ina Hajdini, Edward Knotek, John Leer, Mathieu Pedemonte, Robert Rich and Raphael Schoenle

22-34: Sticky Information Versus Sticky Prices Revisited: A Bayesian VAR-GMM Approach

Takushi Kurozumi, Ryohei Oishi and Willem Van Zandweghe

22-33R: Oil Price Fluctuations, US Banks, and Macroprudential Policy

Paolo Gelain and Marco Lorusso

22-32: State Appropriations and Employment at Higher Education Institutions

Peter Hinrichs

22-31: The Hedgehog’s Curse: Knowledge Specialization and Displacement Loss

Victor Hernandez Martinez, Hans Holter and Roberto Pinheiro

22-30: A Spanner in the Works: Restricting Labor Mobility and the Inevitable Capital-Labor Substitution

Bharadwaj Kannan, Roberto Pinheiro and Harry Turtle

22-29: The financial accelerator mechanism: does frequency matter?

Claudia Foroni, Paolo Gelain and Massimiliano Marcellino

22-28: Accounting for Wealth Concentration in the United States

Baris Kaymak, David Leung and Markus Poschke

22-27: The Impact of the Age Distribution on Unemployment: Evidence from US States

Bruce Fallick and Christopher Foote

22-26: A Comment on 'Wealth Inequality and Endogenous Growth' by Byoungchan Lee

Shijun Gu and Chengcheng Jia

22-25: Specification Choices in Quantile Regression for Empirical Macroeconomics

Andrea Carriero, Todd Clark and Massimiliano Marcellino

22-24: The Effect of Minimum Wages on Consumer Bankruptcy

Diego Legal and Eric Young

22-23R: Improving Inflation Forecasts Using Robust Measures

Randal Verbrugge and Saeed Zaman

22-22: Heterogeneity and the Effects of Aggregation on Wage Growth

Robert Rich and Joseph Tracy

22-21R: Low Passthrough from Inflation Expectations to Income Growth Expectations: Why People Dislike Inflation

Ina Hajdini, Edward Knotek, John Leer, Mathieu Pedemonte, Robert Rich and Raphael Schoenle

22-20: Greater Than the Sum of the Parts: Aggregate vs. Aggregated Inflation Expectations

Alexander Dietrich, Edward Knotek, Kristian Ove R. Myrseth, Robert Rich, Raphael Schoenle and Michael Weber

22-19: The Lightning Network: Turning Bitcoin into Money

Anantha Divakaruni and Peter Zimmerman

22-18: Credit Availability for Minority Business Owners in an Evolving Credit Environment: Before and During the COVID-19 Pandemic

Brett Barkley and Mark Schweitzer

22-17: Labor Supply Shocks, Labor Force Entry, and Monetary Policy

Takushi Kurozumi and Willem Van Zandweghe

22-16: The Value of Unemployment Insurance: Liquidity vs. Insurance Value

Victor Hernandez Martinez and Kaixin Liu