Finance and Economics Discussion Series

From Board of Governors of the Federal Reserve System (U.S.)
Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().

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.

2008-11: Paying to save: tax withholding and asset allocation among low- and moderate-income taxpayers

Michael S. Barr and Jane K. Dokko

2008-10: Does the NEA crowd out private charitable contributions to the arts?

Jane K. Dokko

2008-09: The human capital that matters: expected returns and the income of affluent households

Sean D. Campbell and George M. Korniotis

2008-08: The \"growing pains\" of TIPS issuance

Jennifer E. Roush

2008-07: Alternatives for distressed banks and the panics of the Great Depression

Mark Carlson

2008-06: Challenges in macro-finance modeling

Don H. Kim

2008-05: The TIPS yield curve and inflation compensation

Refet Gürkaynak, Brian P. Sack and Jonathan Wright

2008-04: Footnotes aren’t enough: the impact of pension accounting on stock values

Julia Lynn Coronado, Olivia Mitchell, S. Blake Nesbitt and Steven Sharpe

2008-03: Monetary policy actions and long-run inflation expectations

Michael Kiley

2008-02: Recent trends in the number and size of bank branches: an examination of likely determinants

Timothy Hannan and Gerald Hanweck

2008-01: The jumbo-conforming spread: a semiparametric approach

Shane Sherlund

2007-68: Continuous time extraction of a nonstationary signal with illustrations in continuous low-pass and band-pass filtering

Tucker McElroy and Thomas Trimbur

2007-67: Nominal mortgage contracts and the effects of inflation on portfolio allocation

Joseph B. Nichols

2007-66: Stability of risk preference

Claudia Sahm

2007-65: Bank core deposits and the mitigation of monetary policy

Lamont K. Black, Diana Hancock and Wayne Passmore

2007-64: Two pitfalls of linearization methods

Jinill Kim and Sunghyun Kim

2007-63: Explaining a productive decade

Stephen Oliner, Daniel Sichel and Kevin Stiroh

2007-62: Risk and concentration in payment and securities settlement systems

David Mills and Travis Nesmith

2007-61: The evolution of household income volatility

Karen E. Dynan, Douglas Elmendorf and Daniel Sichel

2007-60: Gauging the uncertainty of the economic outlook from historical forecasting errors

David L. Reifschneider and Peter Tulip

2007-59: Hyperbolic discounting and uniform savings floors

Benjamin Malin

2007-58: Imperfect monitoring and the discounting of inside money

David Mills

2007-57: Financial market perceptions of recession risk

Thomas King, Andrew Levin and Roberto Perli

2007-56: Welfare-maximizing monetary policy under parameter uncertainty

Rochelle Edge, Thomas Laubach and John Williams

2007-55: Implied interest rate skew, term premiums, and the \"conundrum\"

J. Benson Durham

2007-54: Reserve requirement systems in OECD countries

Yueh-Yun C. O'Brien

2007-53: Documentation of the Research and Statistics Division’s estimated DSGE model of the U.S. economy: 2006 version

Rochelle Edge, Michael Kiley and Jean-Philippe Laforte

2007-52: Do high debt payments hinder household consumption smoothing?

Kathleen W. Johnson and Geng Li

2007-51: The effects of past entry, market consolidation, and expansion by incumbents on the probability of entry

Robert M. Adams and Dean F. Amel

2007-50: Choice of mortgage contracts: evidence from the Survey of Consumer Finances

Brahima Coulibaly and Geng Li

2007-49: Operational problems and aggregate uncertainty in the federal funds market

Elizabeth Klee

2007-48: Habit persistence, non-separability between consumption and leisure, or rule-of thumb consumers: which accounts for the predictability of consumption growth?

Michael Kiley

2007-47: Credit derivatives and risk management

Michael S. Gibson

2007-46: Cracking the conundrum

David Backus and Jonathan Wright

2007-45: Does health affect portfolio choice?

David Love and Paul A. Smith

2007-44: Will monetary policy become more of a science?

Frederic Mishkin

2007-43: Combining forecasts from nested models

Todd Clark and Michael McCracken

2007-42: Averaging forecasts from VARs with uncertain instabilities

Todd Clark and Michael McCracken

2007-41: Forecasting with small macroeconomic VARs in the presence of instabilities

Todd Clark and Michael McCracken

2007-40: Housing and the monetary transmission mechanism

Frederic Mishkin

2007-39: An efficiency perspective on the gains from mergers and asset purchases

Sugata Ray and Missaka Warusawitharana

2007-38: Transaction costs and consumption

Geng Li

2007-37: The rise in U.S. household indebtedness: causes and consequences

Karen E. Dynan and Donald L. Kohn

2007-36: Why do firms offer risky defined benefit pension plans?

David Love, Paul A. Smith and David Wilcox

2007-35: Executive compensation: a new view from a long-term perspective, 1936-2005

Carola Frydman and Raven E. Saks

2007-34: News, noise, and estimates of the \"true\" unobserved state of the economy

Dennis Fixler and Jeremy J. Nalewaik

2007-33: Robust monetary policy with imperfect knowledge

Athanasios Orphanides and John Williams

2007-32: Labor reallocation over the business cycle: new evidence from internal migration

Raven E. Saks and Abigail Wozniak

2007-31: Federal Home Loan Bank advances and commercial bank portfolio composition

W Frame, Diana Hancock and Wayne Passmore

2007-30: Employer-to-employer flows in the United States: estimates using linked employer-employee data

Melissa Bjelland, Bruce Fallick, John Haltiwanger and Erika McEntarfer

2007-29: Bank commercial loan fair value practices

Michael Moise, James M. O'Brien, John Tschirhart and Emily Yang

2007-28: Racial dispersion in consumer credit interest rates

Wendy Edelberg

2007-27: Corporate asset purchases and sales: theory and evidence

Missaka Warusawitharana

2007-26: The rise and fall of U.S. inflation persistence

Meredith Beechey and Pär Österholm

2007-25: Estimating the long-run user cost elasticity for a small open economy: evidence using data from South Africa

Brahima Coulibaly and Jonathan N. Millar

2007-24: Sectoral productivity in the United States: recent developments and the role of IT

Eric Bartelsman, J. Joseph Beaulieu, Carol Corrado and Paul Lengermann

2007-23: Incorporating vintage differences and forecasts into Markov switching models

Jeremy J. Nalewaik

2007-22: Bond risk premia and realized jump volatility

Jonathan Wright and Hao Zhou

2007-21: The contribution of multinational corporations to U.S. productivity growth, 1977-2000

Carol Corrado, Paul Lengermann and Lawrence Slifman

2007-20: Sources and uses of equity extracted from homes

Alan Greenspan and James E. Kennedy

2007-19: The value of Medicare managed care plans and their prescription drug benefits

Anne E. Hall

2007-18: Taylor rules

Athanasios Orphanides

2007-17: Do households have enough wealth for retirement?

David Love, Lucy C. McNair and Paul A. Smith

2007-16: Studying consumption with the Panel Study of Income Dynamics: comparisons with the Consumer Expenditure Survey and an application to the intergenerational transmission of well-being

Kerwin Kofi Charles, Sheldon Danziger, Geng Li and Robert Schoeni

2007-15: Learning by investing--embodied technology and business cycles

Geng Li

2007-14: Diagnosing and treating bifurcations in perturbation analysis of dynamic macro models

Jinill Kim, Andrew Levin and Tack Yun

2007-13: A brief history of the 1987 stock market crash with a discussion of the Federal Reserve response

Mark Carlson

2007-12: Anchoring bias in consensus forecasts and its effect on market prices

Sean D. Campbell and Steven Sharpe

2007-11: Expected stock returns and variance risk premia

Tim Bollerslev and Hao Zhou

2007-10: Alternative methods of unit nonresponse weighting adjustments: an application from the 2003 Survey of Small Business Finances

Lieu N. Hazelwood, Traci L. Mach and John Wolken

2007-09: A cohort-based model of labor force participation

Bruce Fallick and Jonathan Pingle

2007-08: Natural rate measures in an estimated DSGE model of the U.S. economy

Rochelle Edge, Michael Kiley and Jean-Philippe Laforte

2007-07: Estimating probabilities of recession in real time using GDP and GDI

Jeremy J. Nalewaik

2007-06: A closer look at the sensitivity puzzle: the sensitivity of expected future short rates and term premia to macroeconomic news

Meredith Beechey

2007-05: Rounding and the impact of news: a simple test of market rationality

Meredith Beechey and Jonathan Wright

2007-04: Rational seasonality

Travis Nesmith

2007-03: Linear cointegration of nonlinear time series with an application to interest rate dynamics

Barry Jones and Travis Nesmith

2007-02: Measurement of monetary aggregates across countries

Yueh-Yun C. O'Brien

2007-01: A primer on the macroeconomic implications of population aging

Louise Sheiner, Daniel Sichel and Lawrence Slifman

2006-46: The competitive effects of risk-based bank capital regulation: an example from U.S. mortgage markets

Diana Hancock, Andreas Lehnert, Wayne Passmore and Shane Sherlund

2006-45: A quantitative comparison of sticky-price and sticky-information models of price setting

Michael Kiley

2006-44: Shifting trends in semiconductor prices and the pace of technological progress

Ana Aizcorbe, Stephen Oliner and Daniel Sichel

2006-43: Inflation measurement

David E. Lebow and Jeremy B. Rudd

2006-42: An estimate of the inflation risk premium using a three-factor affine term structure model

J. Benson Durham

2006-41: The profitability of small, single-market banks in an era of multimarket banking

Timothy Hannan and Robin A. Prager

2006-40: Acquisition targets and motives in the banking industry

Timothy Hannan and Steven J. Pilloff

2006-39: Incorporating judgement in fan charts

Pär Österholm

2006-38: A model in which outside and inside money are essential

David Mills

2006-37: Social Security's delayed retirement credit and the labor supply of older men

Jonathan Pingle

2006-36: Incompatibility and investment in ATM networks

Ron Borzekowski and Timothy Hannan

2006-35: Realized jumps on financial markets and predicting credit spreads

George Tauchen and Hao Zhou

2006-34: Requirements and prospects for a new time to payoff disclosure for open end credit under Truth in Lending

Thomas A. Durkin

2006-33: The relocation decisions of working couples

Jonathan Pingle

2006-32: What do financial asset prices say about the housing market?

J. Benson Durham

2006-31: Why are plant deaths countercyclical: reallocation timing or fragility?

Andrew Figura

2006-30: GSEs, mortgage rates, and secondary market activities

Andreas Lehnert, Wayne Passmore and Shane Sherlund

2006-29: A trend and variance decomposition of the rent-price ratio in housing markets

Sean D. Campbell, Morris Davis, Joshua H. Gallin and Robert Martin

2006-28: The U.S. Treasury yield curve: 1961 to the present

Refet Gürkaynak, Brian P. Sack and Jonathan Wright

2006-27: Are longer bankruptcies really more costly?

Daniel M. Covitz, Song Han and Beth Anne Wilson

2006-26: Solving linear rational expectations models: a horse race

Gary Anderson