Working Papers

From Federal Reserve Bank of St. Louis
Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().

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.

2010-008: Out-of-sample equity premium prediction: economic fundamentals vs. moving-average rules

Christopher Neely, David E. Rapach, Jun Tu and Guofu Zhou

2010-007: Do oil shocks drive business cycles? some U.S. and international evidence

Kristie Engemann, Kevin Kliesen and Michael Owyang

2010-006: Economic freedom and employment growth in U.S. states

Thomas Garrett and Russell M. Rhine

2010-005: Dissecting Taylor rules in a structural VAR

Woon Gyu Choi and Yi Wen

2010-004: Does the structure of banking markets affect economic growth? evidence from U.S. state banking markets

Kris James Mitchener and David Wheelock

2010-003: 1/N and long run optimal portfolios: results for mixed asset menus

Carolina Fugazza, Massimo Guidolin and Giovanna Nicodano

2010-002: Can VAR models capture regime shifts in asset returns? a long-horizon strategic asset allocation perspective

Massimo Guidolin and Stuart Hyde

2010-001: On the social cost of transparency in monetary economies

David Andolfatto

2009-059: Forecast disagreement among FOMC members

Chanont Banternghansa and Michael McCracken

2009-058: Spatial heterogeneity and the geographic distribution of airport noise

Jeffrey Cohen and Cletus Coughlin

2009-057: Is the international border effect larger than the domestic border effect? evidence from U.S. trade

Cletus Coughlin and Dennis Novy

2009-056: Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies

Aleksander Berentsen and Christopher Waller

2009-055: Common fluctuations in OECD budget balances

Christopher Neely and David E. Rapach

2009-054: Are U.S. banks too large?

David Wheelock and Paul Wilson

2009-053: Biofuel subsidies: an open-economy analysis

Subhayu Bandyopadhyay, Sumon Bhaumik and Howard Wall

2009-052: The effects of recessions across demographic groups

Kristie Engemann and Howard Wall

2009-051: In-sample tests of predictive ability: a new approach

Todd Clark and Michael McCracken

2009-050: Nested forecast model comparisons: a new approach to testing equal accuracy

Todd Clark and Michael McCracken

2009-049: Taylor-type rules and permanent shifts in productivity growth

William Gavin, Benjamin Keen and Michael Pakko

2009-048: The local effects of monetary policy

Neville Francis, Michael Owyang and Tatevik Sekhposyan

2009-047: Indirect taxation and the welfare effects of altruism on the optimal fiscal policy

Carlos Garriga and Fernando Sánchez-Losada

2009-046: Money and capital as competing media of exchange in a news economy

David Andolfatto and Fernando Martin

2009-045: Saving and growth under borrowing constraints explaining the \"high saving rate\" puzzle

Yi Wen

2009-044: Essential interest-bearing money

David Andolfatto

2009-043: The role of location in evaluating racial wage disparity

Dan Black, Natalia Kolesnikova, Seth G. Sanders and Lowell Taylor

2009-042: What happened to the US stock market? Accounting for the last 50 years

Michele Boldrin and Adrian Peralta-Alva

2009-041: Cross-border lobbying in preferential trading agreements: implications for external tariffs

Subhayu Bandyopadhyay, Sajal Lahiri and Howard Wall

2009-040: Sources of exchange rate fluctuations: are they real or nominal?

Luciana Juvenal

2009-039: Incidence of an outsourcing tax on intermediate inputs

Subhayu Bandyopadhyay

2009-038: How did we get to inflation targeting and where do we go now? a perspective from the U.S. experience

Daniel Thornton

2009-037: The identification of the response of interest rates to monetary policy actions using market-based measures of monetary policy shocks

Daniel Thornton

2009-036: Problems in the numerical simulation of models with heterogeneous agents and economic distortions

Adrian Peralta-Alva and Manuel Santos

2009-035: Dynamic taxation, private information and money

Christopher Waller

2009-034: Random matching and money in the neoclassical growth model: some analytical results

Christopher Waller

2009-033: Price level targeting and stabilization policy

Aleksander Berentsen and Christopher Waller

2009-032: Optimal stabilization policy with endogenous firm entry

Aleksander Berentsen and Christopher Waller

2009-031: Money and capital: a quantitative analysis

S. Boragan Aruoba, Christopher Waller and Randall Wright

2009-030: Does money matter in inflation forecasting?

Richard Anderson, Jane M. Binner, Barry Jones, Graham Kendall, Jonathan Tepper and Peter Tino

2009-029: Speculative bubbles and financial crisis

Pengfei Wang and Yi Wen

2009-028: Capital misallocation and aggregate factor productivity

Costas Azariadis and Leo Kaas

2009-027: Casino revenue and the Illinois smoking ban

Thomas Garrett and Michael Pakko

2009-026: An analytical approach to buffer-stock saving under borrowing constraints

Yi Wen

2009-025: Dynamics in systematic liquidity

Richard Anderson, Jane M. Binner, Björn Hagströmer and Birger Nilsson

2009-024: When does heterogeneity matter?

Yi Wen

2009-023: Poverty, political freedom, and the roots of terrorism in developing countries: An empirical assessment

Subhayu Bandyopadhyay and Javed Younas

2009-022: Financial development and economic volatility: a unified explanation

Pengfei Wang and Yi Wen

2009-021: Foreign aid as counterterrorism policy

Subhayu Bandyopadhyay, Todd Sandler and Javed Younas

2009-020: A simple model of trading and pricing risky assets under ambiguity: any lessons for policy-makers?

Massimo Guidolin and Francesca Rinaldi

2009-019: Liquidity and welfare in a heterogeneous-agent economy

Yi Wen

2009-018: Numerical simulation of nonoptimal dynamic equilibrium models

Zhigang Feng, Jianjun Miao, Adrian Peralta-Alva and Manuel Santos