Working Papers

From Federal Reserve Bank of Philadelphia
Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().

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.

11-18: Private equity premium in a general equilibrium model of uninsurable investment risk

Francisco Covas and Shigeru Fujita

11-17: Limited and varying consumer attention: evidence from shocks to the salience of bank overdraft fees

Victor Stango and Jonathan Zinman

11-16: The long and large decline in state employment growth volatility

Gerald Carlino, Robert H. DeFina and Keith Sill

11-15: Home equity withdrawal in retirement

Makoto Nakajima and Irina Telyukova

11-14: Bankruptcy: is it enough to forgive or must we also forget?

Ronel Elul and Piero Gottardi

11-13: Credit cycle and adverse selection effects in consumer credit markets -- evidence from the HELOC market

Paul S. Calem, Matthew Cannon and Leonard Nakamura

11-12: Subprime mortgages and the housing bubble

Jan Brueckner, Paul S. Calem and Leonard Nakamura

11-11: Is technology-enhanced credit counseling as effective as in-person delivery?

John Barron and Michael E. Staten

11-10: UK World War I and interwar data for business cycle and growth analysis

James Nason and Shaun Vahey

11-9: Floats, pegs and the transmission of fiscal policy

Giancarlo Corsetti, Keith Kuester and Gernot Müller

11-8: A quantitative analysis of unemployment benefit extensions

Makoto Nakajima

11-7: Estimation and evaluation of DSGE models: progress and challenges

Frank Schorfheide

11-6: U.S. trade and inventory dynamics

George Alessandria, Joseph Kaboski and Virgiliu Midrigan

11-5: Evaluating DSGE model forecasts of comovements

Edward Herbst and Frank Schorfheide

11-4: Optimal monetary policy in a model of money and credit

Pedro Gomis-Porqueras and Daniel Sanches

11-3: Strategic default on first and second lien mortgages during the financial crisis

Julapa Jagtiani and William Lang

11-2: A dynamic model of unsecured credit

Daniel Sanches

11-1: Lessons from the latest data on U.S. productivity

Jan Jacobs and Simon van Norden

10-37: Consumption and time use over the life cycle

Michael Dotsey, Wenli Li and Fang Yang

10-36: Market run-ups, market freezes, and leverage

Philip Bond and Yaron Leitner

10-35: Effects of extended unemployment insurance benefits: evidence from the monthly CPS

Shigeru Fujita

10-34: An empirical analysis of on-the-job search and job-to-job transitions

Shigeru Fujita

10-33: The agglomeration of R&D labs

Gerald Carlino, Jake Carr, Robert Hunt and Tony E. Smith

10-32: Payday lending: new research and the big question

John Caskey

10-31: Insuring student loans against the risk of college failure

Satyajit Chatterjee and Felicia Ionescu

10-30: The emergence and future of central counterparties

Thorsten Koeppl and Cyril Monnet

10-29: Comment on Cavalcanti and Nosal's \"Counterfeiting as private money in mechanism design\"

Cyril Monnet

10-28: Inducing agents to report hidden trades: a theory of an intermediary

Yaron Leitner

10-27: Portage: path dependence and increasing returns in U.S. history

Hoyt Bleakley and Jeffrey Lin

10-26: Corporate governance structure and mergers

Elijah Brewer, William E. Jackson and Julapa Jagtiani

10-25: How committed are bank lines of credit? Experiences in the subprime mortgage crisis

Rocco Huang

10-24: Business cycles in the equilibrium model of labor market search and self-insurance

Makoto Nakajima

10-23: Pairwise credit and the initial cost of lending

Daniel Sanches

10-22: Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions

Leonard Nakamura

10-21: Credit ratings and bank monitoring ability

Leonard Nakamura and Kasper Roszbach

10-20: Sustainable monetary policy and inflation expectations

Roc Armenter

10-19: Evaluating real-time VAR forecasts with an informative democratic prior

Jonathan Wright

10-18: The great trade collapse of 2008-2009: an inventory adjustment?

George Alessandria, Joseph Kaboski and Virgiliu Midrigan

10-17: Can banks circumvent minimum capital requirements? The case of mortgage portfolios under Basel II

Chris Henderson and Julapa Jagtiani

10-16: Did bankruptcy reform cause mortgage default rates to rise?

Wenli Li, Michelle White and Ning Zhu

10-15: Reading the recent monetary history of the U.S., 1959-2007

Jesus Fernandez-Villaverde, Pablo Guerron and Juan F Rubio-Ramirez

10-14: Fortune or virtue: time-variant volatilities versus parameter drifting

Jesus Fernandez-Villaverde, Pablo Guerron and Juan F Rubio-Ramirez

10-13: What \"triggers\" mortgage default?

Souphala Chomsisengphet, Ronel Elul, Robert Hunt and Nicholas Souleles

10-12: Maturity, indebtedness, and default risk

Satyajit Chatterjee and Burcu Eyigungor

10-11: Optimal capital income taxation with housing

Makoto Nakajima

10-10: Do falling iceberg costs explain recent U.S. export growth?

George Alessandria and Horag Choi

10-9: A revenue-based frontier measure of banking competition

Santiago Carbó-Valverde, David B. Humphrey and Francisco Rodríguez-Fernández

10-8: \"Cream-skimming\" in subprime mortgage securitizations: which subprime mortgage loans were sold by depository institutions prior to the crisis of 2007?

Paul S. Calem, Chris Henderson and Jonathan Liles

10-7: Fraud deterrence in dynamic Mirrleesian economies

Roc Armenter and Thomas Mertens

10-6: Expectations and economic fluctuations: an analysis using survey data

Sylvain Leduc and Keith Sill