Working Papers

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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

10-5: Real-time macroeconomic monitoring: real activity, inflation, and interactions

S. Boragan Aruoba and Francis Diebold

10-4: Common factors in small open economies: inference and consequences

Pablo Guerron

10-3: Revisiting the role of home production in life-cycle labor supply

Jason Faberman

10-2: The implications of inflation in an estimated New-Keynesian model

Pablo Guerron

10-1: Insuring college failure risk

Satyajit Chatterjee and Felicia Ionescu

09-34: How much did banks pay to become too-big-to-fail and to become systemically important?

Elijah Brewer and Julapa Jagtiani

09-33: Worker flows and job flows: a quantitative investigation

Shigeru Fujita and Makoto Nakajima

09-32: How important is the currency denomination of exports in open-economy models?

Michael Dotsey and Margarida Duarte

09-31: Internal capital markets and corporate politics in a banking group

Martijn Cremers, Rocco Huang and Zacharias Sautner

09-30: Creditor control of free cash flow

Rocco Huang

09-29: Predictive density construction and accuracy testing with multiple possibly misspecified diffusion models

Valentina Corradi and Norman Swanson

09-28: Real-time datasets really do make a difference: definitional change, data release, and forecasting

Andrés Fernández Martin and Norman Swanson