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.

1998-06: Pricing the strategic value of poison put bonds

Alexander David

1998-05: Cleaning up the errors in the monthly \"Employment situation\" report: a multivariate state-space approach

Mark W. French

1998-04: Good news and bad news about share repurchases

George W. Fenn and J. Nellie Liang

1998-03: Monetary policy rules based on real-time data

Athanasios Orphanides

1998-02: Monetary policy in a stochastic equilibrium model with real and nominal rigidities

Jinill Kim

1998-01: Opportunistic and deliberate disinflation under imperfect credibility

Antulio Bomfim and Glenn Rudebusch

1997-59: Interest Rates and M2 in an Error-Correction Macro Model

William C. Whitesell

1997-58: The Subsidy Provided by the Federal Safety Net: Theory, Measurement, and Containment

Myron L. Kwast and Wayne Passmore

1997-57: The Wage Curve and the Phillips Curve

John Roberts

1997-56: Exploring the Robustness of the Oil Price-Macroeconomy Relationship

Mark A. Hooker

1997-55: Pensions, social security, and the distribution of wealth

Arthur B. Kennickell and Annika E. Sunden

1997-54: Unemployment and the durational structure of exit rates

Karl Whelan

1997-53: Inflation, taxes, and the durability of capital

Darrel Cohen and Kevin Hassett

1997-52: Market definition and the analysis of antitrust in banking

Myron L. Kwast, Martha Starr and John Wolken

1997-51: Wage curve vs. Phillips curve: are there macroeconomic implications?

Karl Whelan

1997-50: Consistency conditions for regulatory analysis of financial institutions: a comparison of frontier efficiency methods

Paul Bauer, Allen Berger, Gary Ferrier and David B. Humphrey

1997-49: Misspecification versus bubbles in hyperinflation data: Monte Carlo and interwar European evidence

Mark A. Hooker

1997-48: The sources of worker anxiety: evidence from the Michigan survey

Maria Ward Otoo

1997-47: Restraining the Leviathan: property tax limitations in Massachusetts

David Cutler, Douglas Elmendorf and Richard Zeckhauser

1997-46: Staggered price setting and real rigidities

Michael Kiley

1997-45: The supply of skilled labor and skill-based technological progress

Michael Kiley

1997-44: The effects of two-year college on the labor market and schooling experiences of young men

Brian J. Surette

1997-43: The GMM parameter normalization puzzle

Charles Fleischman

1997-42: Expectations, learning and the costs of disinflation: experiments using the FRB/US model

Antulio Bomfim, Robert Tetlow, Peter von zur Muehlen and John Williams

1997-41: Trading volume and information distribution in a market-clearing framework

Dominique Dupont

1997-40: Analyzing alternative intraday credit policies in real-time gross settlement systems

Craig H. Furfine and Jeff Stehm

1997-39: Internal capital markets and investment: do the cash flow constraints really bind?

Calvin Schnure

1997-38: The effects of interest rates and taxes on new car prices

Maura P. Doyle

1997-37: Risk, entrepreneurship and human capital accumulation

Murat Iyigun and Ann Owen

1997-36: A quantitative exploration of the opportunistic approach to disinflation

Athanasios Orphanides, David H. Small, Volker Wieland and David Wilcox

1997-35: Who uses electronic banking?

Arthur B. Kennickell and Myron L. Kwast

1997-34: Racial differences in short-run earnings stabilityand implications for credit markets

Raphael Bostic

1997-33: Premiums in private versus public bank branch sales

James A. Berkovec, John J. Mingo and Xuechun Zhang

1997-32: Social security privatization: what it can and cannot accomplish

Randall P. Mariger

1997-31: Asymmetric adjustments of price and output

Reva Krieger and Peter Tinsley

1997-30: Declining required reserves and the volatility of the federal funds rate

James A. Clouse and Douglas Elmendorf

1997-29: The Evolution of Macro Models at the Federal Reserve Board

Flint Brayton, Andrew Levin, Ralph W. Tryon and John Williams

1997-28: The effects of bank mergers and acquisitions on small business lending

Allen Berger, Anthony Saunders, Joseph M. Scalise and Gregory Udell

1997-27: Default correlation: an analytical result

Chunsheng Zhou

1997-26: Nonparametric density estimation and tests of continuous time interest rate models

Matthew Pritsker

1997-25: Small business lending by banks involved in mergers

Nicholas A. Walraven

1997-24: Efficiency wages, nominal rigidities, and the cyclical behavior of real wages and marginal cost

Michael Kiley

1997-23: Dynamic equilibrium economies: a framework for comparing models and data

Jeremy Berkowitz, Francis Diebold and Lee Ohanian

1997-22: Margin requirements, volatility, and market integrity: what have we learned since the crash?

Paul Kupiec

1997-21: 'Home' base and monetary base rules: elementary evidence from the 1980s and 1990s

Philip Jefferson

1997-20: Extracting information from trading volume

Dominique Dupont

1997-19: The effect of automated underwriting on the profitability of mortgage securitization

Wayne Passmore and Roger Sparks

1997-18: Three sources of increasing returns to scale

Jinill Kim

1997-17: Price level determinacy and monetary policy under a balanced-budget requirement

Stephanie Schmitt-Grohe and Martín Uribe

1997-16: Path-dependent option valuation when the underlying path is discontinuous

Chunsheng Zhou

1997-15: A jump-diffusion approach to modeling credit risk and valuing defaultable securities

Chunsheng Zhou

1997-14: The pre-commitment approach: using incentives to set market risk capital requirements

Paul Kupiec and James M. O'Brien

1997-13: Credit derivatives in banking: useful tools for managing risk?

Greg Duffee and Chunsheng Zhou

1997-12: Measuring the social return to R&D

Charles Jones and John Williams

1997-11: Efficiency of financial institutions: international survey and directions for future research

Allen Berger and David B. Humphrey

1997-10: Inside the black box: what explains differences in the efficiencies of financial institutions?

Allen Berger and Loretta Mester

1997-09: The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function

Jalal Akhavein, Allen Berger and David B. Humphrey

1997-9: The effects of megamergers on efficiency and prices: evidence from a bank profit function

Jalal Akhavein, Allen Berger and David B. Humphrey

1997-8: Problem loans and cost efficiency in commercial banks

Allen Berger and Robert DeYoung

1997-08: Problem Loans and Cost Efficiency in Commercial Banks

Allen Berger and Robert DeYoung

1997-07: The Community Reinvestment Act and the Profitability of Mortgage-Oriented Banks

Glenn B. Canner and Wayne Passmore

1997-7: The Community Reinvestment Act and the profitability of mortgage-oriented banks

Glenn B. Canner and Wayne Passmore

1997-6: Earnings forecasts and the predictability of stock returns: evidence from trading the S&P

Martha Douvogiannis, Joel Lander and Athanasios Orphanides

1997-06: Earnings Forecasts and the Predictability of Stock Returns: Evidence from Trading the S&P

Martha Douvogiannis, Joel Lander and Athanasios Orphanides

1997-05: Computationally Convenient Distributional Assumptions for Common Value Auctions

Michael Gordy

1997-5: Computationally convenient distributional assumptions for common value auctions

Michael Gordy

1997-04: Information Sharing and Competition in the Motor Vehicle Industry

Maura P. Doyle and Christopher Snyder

1997-4: Information sharing and competition in the motor vehicle industry

Maura P. Doyle and Christopher Snyder

1997-03: Estimating Dynamic Panel Data Models: A Practical Guide for Macroeconomists

Ruth A. Judson and Ann Owen

1997-3: Estimating dynamic panel data models: a practical guide for macroeconomists

Ruth A. Judson and Ann Owen

1997-02: The Role of Race in Mortgage Lending: Revisiting the Boston Fed Study

Raphael Bostic

1997-2: The role of race in mortgage lending: revisiting the Boston Fed study

Raphael Bostic

1997-1: Movements of wages over the business cycle: an intra-firm view

Beth Anne Wilson

1997-01: Movements of Wages over the Business Cycle: An Intra-Firm View

Beth Anne Wilson

1996-50: Smart systems and simple agents: industry pricing by parallel rules

Raymond Board and Peter Tinsley

1996-49: Off-farm labor supply and fertilizer use

Russell L. Lamb

1996-48: The endogeneity of employment adjustment costs: the tradeoff between efficiency and flexibility

Charles Fleischman

96-47: Moving endpoints and the internal consistency of agents' ex ante forecasts

Sharon Kozicki and Peter Tinsley

1996-46: Evidence on the Link between Firm-Level and Aggregate Inventory Behavior

Scott Schuh

96-46: Evidence on the link between firm-level and aggregate inventory behavior

Scott Schuh

96-45: Recent developments in bootstrapping time series

Jeremy Berkowitz and Lutz Kilian

1996-45: Recent Developments in Bootstrapping Time Series

Jeremy Berkowitz and Lutz Kilian

96-44: The effects of deficit-reduction laws on real interest rates

Douglas Elmendorf

1996-44: The Effect of Deficit-Reduction Laws on Real Interest Rates

Douglas Elmendorf

96-43: Investment and union certification

Bruce Fallick and Kevin Hassett

1996-43: Investment and Union Certification

Bruce Fallick and Kevin Hassett

96-42: A guide to FRB/US: a macroeconomic model of the United States

Flint Brayton and Peter Tinsley

96-41: \"Forecasting the forecasts of others.\" Expectational heterogeneity and aggregate dynamics

Antulio Bomfim

1996-41: \"Forecasting the Forecasts of Others:\" Expectational Heterogeneity and Aggregate Dynamics

Antulio Bomfim

1996-40: Motor Vehicle Stocks, Scrappage, and Sales

Darrel Cohen and Alan Greenspan

96-40: Motor vehicle stocks, scrappage, and sales

Darrel Cohen and Alan Greenspan

96-39: Long-horizon exchange rate predictability?

Jeremy Berkowitz and Lorenzo Giorgianni

1996-39: Long-Horizon Exchange Rate Predictability?

Jeremy Berkowitz and Lorenzo Giorgianni

1996-38: What's Good for GM...? Using Auto Industry Stock Returns to Forecast Business Cycles and Test the Q-Theory of Investment

Greg Duffee and Stephen D. Prowse

96-38: What's good for GM...? Using auto industry stock returns to forecast business cycles and test the Q-theory of investment

Greg Duffee and Stephen D. Prowse

96-37: Generalized spectral estimation

Jeremy Berkowitz

1996-37: Generalized Spectral Estimation

Jeremy Berkowitz

96-36: Debt maturity and the use of interest rate derivatives by non-financial firms

George W. Fenn, Mitchell A. Post and Steven Sharpe

96-35: Vehicle ownership, vehicle acquisitions and the growth of auto leasing: evidence from consumer surveys

Ana Aizcorbe and Martha Starr

1996-35: Vehicle Ownership, Vehicle Acquisitions, and the Growth of Auto Leasing: Evidence from Consumer Surveys

Ana Aizcorbe and Martha Starr