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Working Paper

From Federal Reserve Bank of Richmond
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19-19: Debt Limits and Credit Bubbles in General Equilibrium Downloads
V. Filipe Martins-da-Rocha, Toan Phan and Yiannis Vailakis
19-18: What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs Downloads
Christoph Görtz, Christopher Gunn and Thomas Lubik
19-17: Indeterminacy and Imperfect Information Downloads
Thomas Lubik, Christian Matthes and Elmar Mertens
19-16: Cognitive Hubs and Spatial Redistribution Downloads
Esteban Rossi-Hansberg, Pierre Daniel Sarte and Felipe Schwartzman
19-15: Efficient Computation with Taste Shocks Downloads
Grey Gordon
19-14: Survey Data and Subjective Beliefs in Business Cycle Models Downloads
Anmol Bhandari, Jaroslav Borovička and Paul Ho
19-13: Consumption in the Great Recession: The Financial Distress Channel Downloads
Kartik Athreya, Ryan Mather, Jose Mustre-del-Rio and Juan Sanchez
19-12: An Information-Based Theory of Financial Intermediation Downloads
Zachary Bethune, Bruno Sultanum and Nicholas Trachter
19-11: Aggregate Implications of Changing Sectoral Trends Downloads
Andrew Foerster, Andreas Hornstein, Pierre Daniel Sarte and Mark Watson
19-10: Assessing Macroeconomic Tail Risk Downloads
Francesca Loria, Christian Matthes and Donghai Zhang
19-09: What Do Sectoral Dynamics Tell Us About the Origins of Business Cycles? Downloads
Christian Matthes and Felipe Schwartzman
19-08: Aggregate Labor Force Participation and Unemployment and Demographic Trends Downloads
Andreas Hornstein and Marianna Kudlyak
19-07: The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse Downloads
Saroj Bhattarai, Felipe Schwartzman and Choongryul Yang
19-06: Assessing U.S. Aggregate Fluctuations Across Time and Frequencies Downloads
Thomas Lubik, Christian Matthes and Fabio Verona
19-05: Who Values Access to College? Downloads
Kartik Athreya, Felicia Ionescu, Urvi Neelakantan and Ivan Vidangos
19-04: On Regional Borrowing, Default, and Migration Downloads
Grey Gordon and Pablo Guerron
19-03: Two-sided Market, R&D and Payments System Evolution Downloads
Bin Grace Li, James McAndrews and Zhu Wang
19-02: Playing with Money Downloads
Douglas Davis, Oleg Korenok, Peter Norman, Bruno Sultanum and Randall Wright
19-01: Misallocation and Credit Market Constraints: the Role of Long-Term Financing Downloads
Marios Karabarbounis and Patrick Macnamara
18-18: End-of-Life Medical Expenses Downloads
Eric French, John Jones, Elaine Kelly and Jeremy McCauley
18-17: Contingent Debt and Performance Pricing in an Optimal Capital Structure Model with Financial Distress and Reorganization Downloads
Borys Grochulski and Russell Wong
18-16: Distance and Decline: The Case of Petersburg, Virginia Downloads
Raymond Owens and Santiago Pinto
18-15: Diverging Trends in National and Local Concentration Downloads
Esteban Rossi-Hansberg, Pierre Daniel Sarte and Nicholas Trachter
18-14: Monetary Policy across Space and Time Downloads
Laura Liu, Christian Matthes and Katerina Petrova
18-13: Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries Downloads
Yongsung Chang, Andreas Hornstein and Marios Karabarbounis
18-12: A Composite Likelihood Approach for Dynamic Structural Models Downloads
Fabio Canova and Christian Matthes
18-11: Asset Pledgeability and Endogenously Leveraged Bubbles Downloads
Julien Bengui and Toan Phan
18-10: Regressive Welfare Effects of Housing Bubbles Downloads
Andrew Graczyk and Toan Phan
18-09: Temperature and Growth: A Panel Analysis of the United States Downloads
Riccardo Colacito, Bridget Hoffman and Toan Phan
18-08: The Fed's Discount Window: An Overview of Recent Data Downloads
Felix P. Ackon and Huberto Ennis
18-07: Asset Bubbles and Global Imbalances Downloads
Daisuke Ikeda and Toan Phan
18-06: On the Measurement of Large Financial Firm Resolvability Downloads
Jackson Evert, Arantxa Jarque and John Walter
18-05: Bubbly Recessions Downloads
Siddhartha Biswas, Andrew Hanson and Toan Phan
18-04: Regional Consumption Responses and the Aggregate Fiscal Multiplier Downloads
Bill Dupor, Marios Karabarbounis, Marianna Kudlyak and M. Saif Mehkari
18-03: The Costs of (sub)Sovereign Default Risk: Evidence from Puerto Rico Downloads
Anusha Chari, Ryan Leary and Toan Phan
18-02: Allan Meltzer: How He Underestimated His Own Contribution to the Modern Concept of a Central Bank Downloads
Robert L. Hetzel
18-01: The Evolution of U.S. Monetary Policy Downloads
Robert L. Hetzel
17-15: Understanding the Size of the Government Spending Multiplier: It's in the Sign Downloads
Régis Barnichon and Christian Matthes
17-14: The Persistence of Financial Distress Downloads
Kartik Athreya, Jose Mustre-del-Rio and Juan Sanchez
17-13: Asset Issuance in Over-the-Counter Markets Downloads
Zachary Bethune, Bruno Sultanum and Nicholas Trachter
17-12: Global Dynamics in a Search and Matching Model of the Labor Market Downloads
Nika Lazaryan and Thomas Lubik
17-11: Optimal Incentive Contracts with Job Destruction Risk Downloads
Borys Grochulski, Russell Wong and Yuzhe Zhang
17-10: Urban Transportation and Inter-Jurisdictional Competition Downloads
Santiago Pinto
17-09: What Remains of Milton Friedman's Monetarism? Downloads
Robert L. Hetzel
17-08: Real Rates and Consumption Smoothing in a Low Interest Rate Environment: The Case of Japan Downloads
Jonathan Lecznar and Thomas Lubik
17-07: An Estimated Structural Model of Entrepreneurial Behavior Downloads
John Jones and Sangeeta Pratap
17-06: A Tractable Model of Monetary Exchange with Ex-Post Heterogeneity Downloads
Guillaume Rocheteau, Pierre-Olivier Weill and Russell Wong
17-05: Should Platforms be Allowed to Charge Ad Valorem Fees? Downloads
Zhu Wang and Julian Wright
17-04: Rethinking Detroit Downloads
Raymond Owens, Esteban Rossi-Hansberg and Pierre Daniel Sarte
17-03: Health, Health Insurance, and Retirement: A Survey Downloads
Eric French and John Jones
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