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.

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

16-35: A TRACTABLE MODEL OF THE DEMAND FOR RESERVES UNDER NONLINEAR REMUNERATION SCHEMES

Roc Armenter

16-34: Family Job Search and Wealth: The Added Worker Effect Revisited

J. Ignacio Garcia-Perez and Silvio Rendon

16-33: Excess Reserves and Monetary Policy Implementation

Roc Armenter and Benjamin Lester

16-32: Aggregate Liquidity Management

Todd Keister and Daniel Sanches

16-31: REGULATING A MODEL

Yaron Leitner and Bilge Yilmaz

16-30: The Perils of Nominal Targets

Roc Armenter

16-29: DECLINING TRENDS IN THE REAL INTEREST RATE AND INFLATION: THE ROLE OF AGING

Shigeru Fujita and Ippei Fujiwara

16-28: INFORMATION SPILLOVERS, GAINS FROM TRADE, AND INTERVENTIONS IN FROZEN MARKETS

Braz Camargo, Kyungmin (Teddy) Kim and Benjamin Lester

16-27: IDENTITY THEFT AS A TEACHABLE MOMENT

Nathan Blascak, Julia Cheney, Robert Hunt, Vyacheslav Mikhed, Dubravka Ritter and Michael Vogan

16-26: BORROWER CREDIT ACCESS AND CREDIT PERFORMANCE AFTER LOAN MODIFICATIONS

Lei Ding

16-25: LOCALIZED KNOWLEDGE SPILLOVERS: EVIDENCE FROM THE AGGLOMERATION OF AMERICAN R&D LABS AND PATENT DATA

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

16-24: Valuing \"Free\" Media in GDP: An Experimental Approach

Leonard Nakamura, Jon Samuels and Rachel Soloveichik

16-23: Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

Pablo D'Erasmo and Enrique Mendoza

16-22: The Consequences of Gentrification: A Focus on Residents’ Financial Health in Philadelphia

Lei Ding and Jackelyn Hwang

16-21: Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default

Makoto Nakajima

16-20: What Have We Learned About the Causes of Recent Gentrification?

Jackelyn Hwang and Jeffrey Lin

16-19: The Causes of Household Bankruptcy: The Interaction of Income Shocks and Balance Sheets

Vyacheslav Mikhed and Barry Scholnick

16-18: An Experiment on Information Use in College Student Loan Decisions

Rajeev Darolia

16-17: Do GDP Forecasts Respond Efficiently to Changes in Interest Rates?

Dean Croushore and Katherine Marsten

16-16: The Political Economy of Underfunded Municipal Pension

Jeffrey Brinkman, Daniele Coen-Pirani and Holger Sieg

16-15: Is Bigger Necessarily Better in Community Banking?

Joseph Hughes, Julapa Jagtiani and Loretta Mester

16-14: Credit Ratings, Private Information, and Bank Monitoring Ability

Leonard Nakamura and Kasper Roszbach

16-13: Congestion, Agglomeration, and the Structure of Cities

Jeffrey Brinkman

16-12: Can currency competition work?

Jesus Fernandez-Villaverde and Daniel Sanches

16-11: A narrative approach to a fiscal DSGE model

Thorsten Drautzburg

16-10: Screening and adverse selection in frictional markets

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

16-9: Term structures of inflation expectations and real interest rates

S. Boragan Aruoba

16-8: Small business lending: challenges and opportunities for community banks

Julapa Jagtiani and Catharine Lemieux