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.

03-20: On the welfare gains of eliminating a small likelihood of economic crises: A case for stabilization policies?

Satyajit Chatterjee and P. Dean Corbae

03-19: International risk-sharing and the transmission of productivity shocks

Giancarlo Corsetti, Luca Dedola and Sylvain Leduc

03-18: Postwar period changes in employment volatility: new evidence from state/industry panel data

Gerald Carlino, Robert H. DeFina and Keith Sill

03-17: An empirical look at software patents

James Bessen and Robert Hunt

03-16: Cost savings from electronic payments and ATMs in Europe

Goran Bergendahl, David B. Humphrey, Ted Lindblom and Magnus Willesson

03-15: Growth effects of progressive taxes

Wenli Li and Pierre Daniel Sarte

03-14: The macroeconomics of U.S. consumer bankruptcy choice: Chapter 7 or Chapter 13?

Wenli Li and Pierre Daniel Sarte

03-13: Applying efficiency measurement techniques to central banks

Loretta Mester

03-12: Immigration and housing rents in American cities

Albert Saiz

03-11: A note on global walfare in pharmaceutical patenting

F. M. Scherer

03-10: An introduction to the economics of payment card networks

Robert Hunt

03-9: Urban decline and housing reinvestment: the role of construction costs and the supply side

Joseph Gyourko and Albert Saiz

03-8: A short-term model of the Fed's portfolio choice

Dean Croushore

03-7: Credit card securitization and regulatory arbitrage

Charles Calomiris and Joseph R. Mason

03-6: What is the value of recourse to asset backed securities? A clinical study of credit card banks

Eric J. Higgins and Joseph R. Mason

03-5: How strong is co-movement in employment over the business cycle? Evidence from state/industry data

Gerald Carlino and Robert H. DeFina

03-4: Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability

Jess Benhabib, Stephanie Schmitt-Grohe and Martín Uribe

03-3: Non-exclusive contracts, collateralized trade, and a theory of an exchange

Yaron Leitner

03-2: The effects of a baby boom on stock prices and capital accumulation in the presence of Social Security

Andrew Abel

03-1: Data revisions and the identification of monetary policy shocks

Dean Croushore and Charles Evans

02-22: Collateral and competition

Mitchell Berlin and Alexander Butler

02-21: The development and regulation of consumer credit reporting in America

Robert Hunt

02-20: Inventories and the business cycle: an equilibrium analysis of (S,s) policies

Aubhik Khan and Julia Thomas

02-19: Optimal monetary policy

Aubhik Khan, Robert King and Alexander Wolman

02-18: Technology flows matrix estimation revisited

F. M. Scherer

02-17: Democracy to the road: the political economy of potholes

Albert Saiz

02-16: The returns to speaking a second language

Albert Saiz and Elena Zoido

02-15: Forecasting coin demand

Dean Croushore and Tom Stark

02-14: The cyclical behavior of state employment during the postwar period

Gerald Carlino, Robert H. DeFina and Keith Sill

02-13: Self-fulfilling expectations and the inflation of the 1970s: evidence from the Livingston Survey

Sylvain Leduc, Keith Sill and Tom Stark

02-12: Compensating differentials and the social benefits of the NFL

Gerald Carlino and N. Edward Coulson

02-11: Why are business cycles alike across exchange-rate regimes?

Luca Dedola and Sylvain Leduc

02-10: Why do households without children support local public schools? linking house price capitalization to school spending

Christian Hilber and Christopher Mayer

02-9: Financial networks: contagion, commitment, and private sector bailouts

Yaron Leitner

02-8: The impact of unemployment on alternative poverty measures

Robert H. DeFina

02-7: Consistent economic indexes for the 50 states

Theodore M. Crone

02-5: Enduring relationships in an economy with capital

Aubhik Khan and B Ravikumar

02-4: Check-cashing outlets in a changing financial system

John Caskey

02-3: Is macroeconomic research robust to alternative data sets?

Dean Croushore and Tom Stark

02-2: Do bankers sacrifice value to build empires? managerial incentives, industry consolidation, and financial performance

Joseph Hughes, William Lang, Loretta Mester, Choon-Geol Moon and Michael S. Pagano

02-1: An overall perspective on banking regulation

Xavier Freixas and Anthony M. Santomero

01-16: The pitfalls of discretionary monetary policy

Aubhik Khan, Robert King and Alexander Wolman

01-15: What is the U.S. gross investment in intangibles? (At least) one trillion dollars a year!

Leonard Nakamura

01-14: Knowledge spillovers and the new economy of cities

Gerald Carlino, Satyajit Chatterjee and Robert Hunt

01-13: Patentability, industry structure, and innovation

Robert Hunt

01-12: Expectations and the effects of monetary policy

Laurence Ball and Dean Croushore

01-11: A quantitative welfare analysis of the trade-off between the current regime and macroeconomic stabilization

Luca Dedola and Sylvain Leduc

01-10: Forecasting with a real-time data set for macroeconomists

Dean Croushore and Tom Stark

01-9: A quantitative analysis of oil-price shocks, systematic monetary policy, and economic downturns

Sylvain Leduc and Keith Sill

01-8: Measuring American rents: a revisionist history

Theodore M. Crone, Leonard Nakamura and Richard Voith