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.

18-5: Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit

Andrew Hertzberg, Andres Liberman and Daniel Paravisini

18-4: The Economics of Debt Collection: Enforcement of Consumer Credit Contracts

Viktar Fedaseyeu and Robert Hunt

18-3: Did the ACA's Dependent Coverage Mandate Reduce Financial Distress for Young Adults?

Nathan Blascak and Vyacheslav Mikhed

18-2: Redefault Risk in the Aftermath of the Mortgage Crisis: Why Did Modifications Improve More Than Self-Cures?

David Abell, Paul S. Calem, Julapa Jagtiani and Ramain Quinn Maingi

18-1: Greed as a Source of Polarization

Igor Livshits and Mark Wright

17-44: The Paper Trail of Knowledge Spillovers: Evidence from Patent Interferences [REVISED]

Ina Ganguli, Jeffrey Lin and Nicholas Reynolds

17-43: Incumbency Disadvantage in U.S. National Politics: The Role of Policy Inertia and Prospective Voting

Satyajit Chatterjee and Burcu Eyigungor

17-42: Long-Run Trade Elasticity and the Trade-Comovement Puzzle

Lukasz Drozd, Sergey Kolbin and Jaromir Nosal

17-41: MODEL SECRECY AND STRESS TESTS

Yaron Leitner and Basil Williams

17-40: The Aggregate Effects of Labor Market Frictions

Michael Elsby, Ryan Michaels and David Ratner

17-39: Stuck in Subprime? Examining the Barriers to Refinancing Mortgage Debt

Lauren Lambie-Hanson and Carolina Reid

17-38: Strategic Default Among Private Student Loan Debtors: Evidence from Bankruptcy Reform

Rajeev Darolia and Dubravka Ritter

17-37: Measuring the “Free” Digital Economy Within the GDP and Productivity Accounts

Leonard Nakamura, Jon Samuels and Rachel Soloveichik

17-36: First-Time Homebuyers: Toward a New Measure

Arthur Acolin, Paul S. Calem, Julapa Jagtiani and Susan Wachter

17-35: Screening and Adverse Selection in Frictional Markets

Benjamin Lester, Ali Shourideh, Venky Venkateswaran and Ariel Zetlin-Jones

17-34: Spatial Commitment Devices and Addictive Goods: Evidence from the Removal of Slot Machines from Bars

Hyungsuk Byun and Barry Scholnick

17-33: Land-Use Regulations, Property Values, and Rents: Decomposing the Effects of the California Coastal Act

Andrew Plantinga and Christopher Severen

17-32: Localized Knowledge Spillovers: Evidence from the Spatial Clustering of R&D Labs and Patent Citations

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

17-31: The Role of Startups for Local Labor Markets

Gerald Carlino and Thorsten Drautzburg

17-30: Do Non-Compete Covenants Influence State Startup Activity? Evidence from the Michigan Experiment

Gerald Carlino

17-29: Recall and Unemployment

Shigeru Fujita and Giuseppe Moscarini

17-28: Stress Tests and Information Disclosure

Itay Goldstein and Yaron Leitner

17-27: Credit Enforcement Cycles

Lukasz Drozd and Ricardo Serrano-Padial

17-26: Do Phillips Curves Conditionally Help to Forecast Inflation?

Michael Dotsey, Shigeru Fujita and Tom Stark

17-25: Political Distribution Risk and Aggregate Fluctuations

Thorsten Drautzburg, Jesus Fernandez-Villaverde and Pablo Guerron

17-24: Accounting for Growth in the Age of the Internet The Importance of Output-Saving Technical Change

Charles R. Hulten and Leonard Nakamura

17-23: Appraising Home Purchase Appraisals

Paul S. Calem, Lauren Lambie-Hanson and Leonard Nakamura

17-22: Concentration of Control Rights in Leveraged Loan Syndicates

Mitchell Berlin, Gregory P. Nini and Edison Yu

17-21: Household Credit and Local Economic Uncertainty

Marco DiMaggio, Amir Kermani, Rodney Ramcharan and Edison Yu

17-20: Banking Panics and Output Dynamics

Daniel Sanches

17-19: Not in My Backyard? Not So Fast. The Effect of Marijuana Legalization on Neighborhood Crime

Jeffrey Brinkman and David Mok-Lamme

17-18: The Agglomeration of American Research and Development Labs

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

17-17: Fintech Lending: Financial Inclusion, Risk Pricing, and Alternative Information

Julapa Jagtiani and Catharine Lemieux

17-16: POSITIVE TREND INFLATION AND DETERMINACY IN A MEDIUM-SIZED NEW KEYNESIAN MODEL

Jonas E. Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo

17-15: “Don't Know What You Got Till It’s Gone” — The Effects of the Community Reinvestment Act (CRA) on Mortgage Lending in the Philadelphia Market

Lei Ding and Leonard Nakamura

17-14: REORGANIZATION OR LIQUIDATION: BANKRUPTCY CHOICE AND FIRM DYNAMICS

P. Dean Corbae and Pablo D'Erasmo

17-13: FISCAL SURPRISES AT THE FOMC

Dean Croushore and Simon van Norden

17-12: WHERE DO STUDENTS GO WHEN FOR-PROFIT COLLEGES LOSE FEDERAL AID?

Stephanie Cellini, Rajeev Darolia and Lesley Turner

17-11: IDENTIFICATION THROUGH HETEROGENEITY

Pooyan Amir-Ahmadi and Thorsten Drautzburg

17-10: THE IMPACTS OF FINANCIAL REGULATIONS: SOLVENCY AND LIQUIDITY IN THE POST-CRISIS PERIOD

Colleen Baker, Christine M. Cumming and Julapa Jagtiani

17-9: ENDOGENOUS/EXOGENOUS SEGMENTATION IN THE A-IRB FRAMEWORK AND THE PRO-CYCLICALITY OF CAPITAL: AN APPLICATION TO MORTGAGE PORTFOLIOS

Jose J. Canals-Cerda

17-8: REGIME SHIFT AND THE POST-CRISIS WORLD OF MORTGAGE LOSS SEVERITIES

Xudong An and Lawrence R. Cordell

17-7: Self-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal

Mark Aguiar, Satyajit Chatterjee, Harold Cole and Zachary Stangebye

17-6: How Data Breaches Affect Consumer Credit

Vyacheslav Mikhed and Michael Vogan

17-5: Market Discipline in the Secondary Bond Market: The Case of Systemically Important Banks

Elyas Elyasiani and Jason Keegan

17-4: Optimal Domestic (and External) Sovereign Default

Pablo D'Erasmo and Enrique Mendoza

17-3: Natural Amenities, Neighborhood Dynamics, and Persistence in the Spatial Distribution of Income

Sanghoon Lee and Jeffrey Lin

17-2: Modeling the Revolving Revolution: The Debt Collection Channel

Lukasz Drozd and Ricardo Serrano-Padial

17-1: Endogenous Political Turnover and Fluctuations in Sovereign Default Risk

Satyajit Chatterjee and Burcu Eyigungor

16-36: Incumbency Disadvantage in U.S. National Politics

Satyajit Chatterjee and Burcu Eyigungor