Research Paper

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9822: Paper tigers? A model of the Asian crisis

Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini

9821: How important is the stock market effect on consumption?

Sydney Ludvigson and Charles Steindel

9820: Information asymmetry, market segmentation, and the pricing of cross-listed shares: theory and evidence from Chinese A and B shares

Sugato Chakravarty, Asani Sarkar and Lifan Wu

9819: The rise and decline(?) of U.S. internal labor markets

Erica Groshen and David Levine

9818: Does exchange rate stability increase trade and capital flows?

Philippe Bacchetta and Eric van Wincoop

9817: What inventory behavior tells us about business cycles

Mark Bils and James Kahn

9816: Securities class actions, corporate governance and managerial agency problems

Philip E. Strahan

9815: Risk and the democratization of credit cards

Sandra Black and Donald Morgan

9814: Estimating the adverse selection and fixed costs of trading in markets with multiple informed traders

Sugato Chakravarty, Asani Sarkar and Lifan Wu

9813: An analysis of brokers' trading with applications to order flow internalization and off-exchange sales

Sugato Chakravarty and Asani Sarkar

9812: Can VARs describe monetary policy?

Charles Evans and Kenneth Kuttner

9811: The changing U.S. income distribution: facts, explanations, and unresolved issues

David A. Brauer

9810: Import demand under a foreign exchange constraint

Angelos Antzoulatos and Simone Peart

9809: Stock market crises in developed and emerging markets

Sandeep Patel and Asani Sarkar

9808: Risksharing within the United States: what have financial markets and fiscal federalism accomplished?

Stefano Athanasoulis and Eric van Wincoop

9807: Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan

Yasushi Hamao, Frank Packer and Jay Ritter

9806: Rethinking the role of NAIRU in monetary policy: implications of model formulation and uncertainty

Arturo Estrella and Frederic Mishkin

9805: Judging the risk of banks: what makes banks opaque?

Donald Morgan

9804: Modelling the instability of mortgage-backed prepayments

Stavros Peristiani

9803: Interbank interest rates as term structure indicators

Allan M. Malz

9802: Methods for evaluating value-at-risk estimates

Jose Lopez

9801: Asset market hangovers and economic growth: U.S. housing markets

Matthew Higgins and Carol Osler

9739: Aggregate supply and demand shocks: a natural rate approach

Arturo Estrella

9738: Skilled labor -- augmenting technical progress in U.S. manufacturing

James Kahn and Jong-Soo Lim

9737: Education, political instability, and growth

James Kahn

9736: Structural change in the mortgage market and the propensity to refinance

Paul Bennett, Richard Peach and Stavros Peristiani

9735: Output fluctuations in the United States: what has changed since the early 1980s?

Margaret M. McConnell and Gabriel Perez-Quiros

9734: Cross-country comparisons of industry total factor productivity: theory and evidence

James Harrigan

9733: Elasticities of substitution in real business cycle models with home production

John Campbell and Sydney Ludvigson

9732: Measuring economic activity and economic welfare: what are we missing?

Charles Steindel

9731: Information problems and deposit constraints at banks

Jith Jayaratne and Donald Morgan

9730: Is implied correlation worth calculating? Evidence from foreign exchange options and historical data

Jose Lopez and Christian Walter

9729: Do better schools matter? Parental valuation of elementary education

Sandra Black

9728: Macroeconomic forecasts under the prism of error-correction models

Angelos Antzoulatos

9727: Technology, trade and growth: some empirical findings

Michelle P. Connolly

9726: Non-linear consumption dynamics

Angelos Antzoulatos

9725: The slope of the credit yield curve for speculative-grade issuers

Jean Helwege and Christopher M. Turner

9724: Rational herding and the spatial clustering of bank branches: an empirical analysis

Angela E. Chang, Shubham Chaudhuri and Jith Jayaratne

9723: Is there an inflation puzzle?

Cara S. Lown and Robert Rich

9722: Retail inventories, internal finance, and aggregate fluctuations

Egon Zakrajšek

9721: Market liquidity and trader welfare in multiple dealer markets: evidence from dual trading restrictions

Peter Locke, Asani Sarkar and Lifan Wu

9720: The political economy of deregulation: evidence from the relaxation of bank branching restrictions in the United States

Randall S. Kroszner and Philip E. Strahan

9719: Interest rate options dealers' hedging in the US dollar fixed income market

John Kambhu

9718: The growth of world trade

Jun Ishii and Kei-Mu Yi

9717: Why do interest rates predict macro outcomes?: A unified theory of inflation, output, interest and policy

Arturo Estrella

9716: A new measure of fit for equations with dichotomous dependent variables

Arturo Estrella

9715: A general model of brokers' trading, with applications to order flow internalization, insider trading and off-exchange block sales

Sugato Chakravarty and Asani Sarkar

9714: Some comparative evidence on the effectiveness of inflation targeting

Thomas Laubach and Adam Posen

9713: Estimating the adverse selection cost in markets with multiple informed traders

Sugato Chakravarty, Asani Sarkar and Lifan Wu

9712: Approximation bias in linearized Euler equations

Sydney Ludvigson and Christina Paxson