Publication:
Staff Reports (Federal Reserve Bank of New York)
1995-2014
Technical working papers intended for publication in leading finance and economics journals. Current staff reports can be found at https://www.newyorkfed.org/research/staff_reports
- 1990s
- 2000s
- 2010s
- Monetary Cycles, Financial Cycles, and the Business Cycle, Staff Report 421
- Financial Intermediation, Asset Prices, and Macroeconomic Dynamics, Staff Report 422
- The Federal Reserve's Commercial Paper Funding Facility, Staff Report 423
- Policy Perspectives on OTC Derivatives Market Infrastructure, Staff Report 424
- The Measurement of Rent Inflation, Staff Report 425
- Repo Market Effects of the Term Securities Lending Facility, Staff Report 426
- Performance Maximization of Actively Managed Funds, Staff Report 427
- Macro Risk Premium and Intermediary Balance Sheet Quantities, Staff Report 428
- Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs, Staff Report 429
- Loss Aversion, Asymmetric Market Comovements, and the Home Bias, Staff Report 431
- Financial Amplification Mechanisms and the Federal Reserve's Supply of Liquidity during the Crisis, Staff Report 431
- Subprime Mortgage Lending in New York City : Prevalence and Performance, Staff Report 432
- The Paradox of Toil, Staff Report 433
- Correlated Disturbances and U.S. Business Cycles, Staff Report 434
- Labor-Dependent Capital Income Taxation That Encourages Work and Saving, Staff Report 435
- Social Security, Benefit Claiming, and Labor Force Participation : A Quantitative General Equilibrium Approach, Staff Report 436
- Stressed, Not Frozen : The Federal Funds Market in the Financial Crisis, Staff Report 437
- Liquidity-Saving Mechanisms in Collateral-Based RTGS Payment Systems, Staff Report 438
- The Changing Nature of Financial Intermediation and the Financial Crisis of 2007-09, Staff Report 439
- Productivity and the Density of Human Capital, Staff Report 440
- Large-Scale Asset Purchases by the Federal Reserve : Did They Work?, Staff Report 441
- Short-Run Fiscal Policy : Welfare, Redistribution, and Aggregate Effects in the Short and Long Run, Staff Report 442
- The Effect of Question Wording on Reported Expectations and Perceptions of Inflation, Staff Report 443
- Repo Runs, Staff Report 444
- Deferred Compensation, Risk, and Company Value : Investor Reactions to CEO Incentives, Staff Report 445
- Global Banks and International Shock Transmission : Evidence from the Crisis, Staff Report 446
- Quantifying the Benefits of a Liquidity-Saving Mechanism, Staff Report 447
- On the Design of Contingent Capital with Market Trigger, Staff Report 448
- MBS Ratings and the Mortgage Credit Boom, Staff Report 449
- Is Economics Coursework, or Majoring in Economics, Associated with Different Civic Behaviors?, Staff Report 450
- Subsidizing Job Creation in the Great Recession, Staff Report 451
- Bootstrapping Density-Weighted Average Derivatives, Staff Report 452
- Bayesian Social Learning, Conformity, and Stubbornness : Evidence from the AP Top 25, Staff Report 453
- Can Subjective Expectations Data Be Used in Choice Models : Evidence on Cognitive Biases, Staff Report 454
- State-Dependent Pricing under Infrequent Information : A Unified Framework, Staff Report 455
- Executive Compensation and Risk Taking, Staff Report 456
- Resolving Troubled Systemically Important Cross-Border Financial Institutions : Is a New Corporate Organizational Form Required?, Staff Report 457
- Shadow Banking, Staff Report 458 (February 2012 Version)
- Do Underwriters Matter : The Impact of the Near Loss of an Equity Underwriter, Staff Report 459
- The Information Value of the Stress Test and Bank Opacity, Staff Report 460
- Financial Amplification of Foreign Exchange Risk Premia, Staff Report 461
- Price Setting in an Innovative Market, Staff Report 462
- The Central-Bank Balance Sheet as an Instrument of Monetary Policy, Staff Report 463
- Financial Intermediaries and the Cross-Section of Asset Returns Previous title : "Broker-Dealer Leverage and the Cross-Section of Stock Returns", Staff Report 464
- Jump-Robust Volatility Estimation using Nearest Neighbor Truncation, Staff Report 465
- A Private Lender Cooperative Model for Residential Mortgage Finance, Staff Report 466
- Tax Buyouts, Staff Report 467
- TBA Trading and Liquidity in the Agency MBS Market, Staff Report 468
- Caught between Scylla and Charybdis : Regulating Bank Leverage When There Is Rent Seeking and Risk Shifting, Staff Report 469
- Knowledge in Cities, Staff Report 470
- Effect of Constraints on Tiebout Competition : Evidence from a School Finance Reform in the United States, Staff Report 471
- Do Charter Schools Crowd Out Private School Enrollment : Evidence from Michigan, Staff Report 472
- Bailouts and Financial Fragility, Staff Report 473
- Firm Value and Cross-Listings : The Impact of Stock Market Prestige, Staff Report 474
- Equity Premium Predictions with Adaptive Macro Indexes, Staff Report 475
- Fitting Observed Inflation Expectations, Staff Report 476
- The Tri-Party Repo Market before the 2010 Reforms, Staff Report 477
- Double Majors : One for Me, One for the Parents?, Staff Report 478
- An Introduction to the New York Fed Consumer Credit Panel, Staff Report 479
- The Financial Crisis at the Kitchen Table : Trends in Household Debt and Credit, Staff Report 480
- Responses to the Financial Crisis, Treasury Debt, and the Impact on Short-Term Money Markets, Staff Report 481
- Household Debt and Saving during the 2007 Recession, Staff Report 482
- Discount Window Stigma during the 2007-2008 Financial Crisis, Staff Report 483
- Is There an S&P 500 Index Effect?, Staff Report 484
- BASEL III : Long-Term Impact on Economic Performance and Fluctuations, Staff Report 485
- Financial Stability Monitoring, Staff Report 601
- Vouchers, Responses, and the Test-Taking Population : Regression Discontinuity Evidence from Florida, Staff Report 486
- Central Bank Transparency and the Crowding Out of Private Information in an Experimental Asset Market, Staff Report 487
- Liquidity Hoarding, Staff Report 488
- Expectations of Inflation : The Biasing Effect of Thoughts about Specific Prices, Staff Report 489
- Robust Capital Regulation, Staff Report 490
- FOMC Communication Policy and the Accuracy of Fed Funds Futures, Staff Report 491
- Bank Capital Regulation and Structured Finance, Staff Report 492
- Are Credit Default Swaps Associated with Higher Corporate Defaults?, Staff Report 494
- Sectoral Price Facts in a Sticky-Price Model, Staff Report 495
- Central Bank Transparency, the Accuracy of Professional Forecasts, and Interest Rate Volatility, Staff Report 496
- Bank Lending in Times of Large Bank Reserves, Staff Report 497
- A Model of Liquidity Hoarding and Term Premia in Inter-Bank Markets, Staff Report 498
- Regression-Based Estimation of Dynamic Asset Pricing Models, Staff Report 493
- Global Bond Risk Premiums, Staff Report 499
- Determinants of College Major Choice : Identification Using an Information Experiment, Staff Report 500
- Stereotypes and Madrassas : Experimental Evidence from Pakistan, Staff Report 501
- Corporate Governance and Banks : What Have We Learned from the Financial Crisis?, Staff Report 502
- The Production Impact of "Cash-for-Clunkers" : Implications for Stabilization Policy, Staff Report 503
- The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions, Staff Report 504
- Sustainable Social Security : Four Options, Staff Report 505
- Repo Runs : Evidence from the Tri-Party Repo Market, Staff Report 506
- Mapping Change in the Federal Funds Market, Staff Report 507
- The Dynamics and Differentiation of Latin American Metal Exports, Staff Report 508
- Inflation Expectations and Behavior : Do Survey Respondents Act on Their Beliefs?, Staff Report 509
- Evaluating Interest Rate Rules in an Estimated DSGE Mode, Staff Report 510
- Liquidity Management of U.S. Global Banks : Internal Capital Markets in the Great Recession, Staff Report 511
- The Pre-FOMC Announcement Drift, Staff Report 512
- Decomposing Short-Term Return Reversal, Staff Report 513
- Real Estate Investors, the Leverage Cycle, and the Housing Market Crisis, Staff Report 514
- Learning the Fiscal Theory of the Price Level : Some Consequences of Debt Management Policy, Staff Report 515
- How Do College Students Respond to Public Information about Earnings?, Staff Report 516
- An Analysis of CDS Transactions : Implications for Public Reporting., Staff Report 517
- Market Declines : Is Banning Short Selling the Solution?, Staff Report 518
- Expectations versus Fundamentals : Does the Cause of Banking Panics Matter for Prudential Policy?, Staff Report 519
- The Great Escape : A Quantitative Evaluation of the Fed's Liquidity Facilities, Staff Report 520
- Early Contract Renegotiation : An Analysis of U.S. Labor Contracts from 1970 to 1995, Staff Report 521
- The International Role of the Dollar : Does It Matter if This Changes?, Staff Report 522
- Do We Know What We Owe : A Comparison of Borrower- and Lender-Reported Consumer Debt, Staff Report 523
- Optimal Disinflation under Learning, Staff Report 524
- Incentives and Responses under No Child Left Behind : Credible Threats and the Role of Competition, Staff Report 525
- Housing Busts and Household Mobility : An Update, Staff Report 526
- The Macroeconomic Effects of Large-Scale Asset Purchase Programs, Staff Report 527
- Which Financial Frictions : Parsing the Evidence from the Financial Crisis of 2007-09, Staff Report 528
- Repo and Securities Lending, Staff Report 529
- What Do Drug Monopolies Cost Consumers in Developing Countries?, Staff Report 530
- Some Unpleasant General Equilibrium Implications of Executive Incentive Compensation Contracts, Staff Report 531
- Financial Intermediary Balance Sheet Management, Staff Report 532
- Dodd-Frank One Year On : Implications for Shadow Banking, Staff Report 533
- The Impact of the Great Recession on School District Finances : Evidence from New York, Staff Report 534
- Optimal Target Criteria for Stabilization Policy, Staff Report 535
- Heterogeneous Inflation Expectations and Learning, Staff Report 536
- Missing Import Price Changes and Low Exchange Rate Pass-Through, Staff Report 537
- Precarious Slopes : The Great Recession, Federal Stimulus, and New Jersey Schools, Staff Report 538
- Corporate Governance of Financial Institutions, Staff Report 539
- Is Increased Price Flexibility Stabilizing : Redux, Staff Report 540
- House Price Booms, Current Account Deficits, and Low Interest Rates, Staff Report 541
- Crime, House Prices, and Inequality : The Effect of UPPs in Rio, Staff Report 542
- The Price Is Right : Updating of Inflation Expectations in a Randomized Price Information Experiment, Staff Report 543
- Defaults and Losses on Commercial Real Estate Bonds during the Great Depression Era, Staff Report 544
- Follow the Money : Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession, Staff Report 545
- Optimal Interest Rate Rules and Inflation Stabilization versus Price-Level Stabilization, Staff Report 546
- Long-Term Debt Pricing and Monetary Policy Transmission under Imperfect Knowledge, Staff Report 547
- Leverage and Asset Prices : An Experiment, Staff Report 548
- An Empirical Study of Trade Dynamics in the Interbank Market, Staff Report 549
- An Empirical Study of Trade Dynamics in the Interbank Market, Staff Report 550
- Deficits, Public Debt Dynamics, and Tax and Spending Multipliers, Staff Report 551
- Workforce Skills across the Urban-Rural Hierarchy, Staff Report 552
- The Private Premium in Public Bonds, Staff Report 553
- DSGE Model-Based Forecasting, Staff Report 554
- Securities Lending, Staff Report 555
- The Supply Side of the Housing Boom and Bust of the 2000s, Staff Report 556
- An Analysis of OTC Interest Rate Derivatives Transactions : Implications for Public Reporting, Staff Report 557
- Shadow Banking Regulation, Staff Report 559
- How "Unconventional" Are Large-Scale Asset Purchases : The Impact of Monetary Policy on Asset Prices, Staff Report 560
- Estimating a Structural Model of Herd Behavior in Financial Markets, Staff Report 561
- Payment Changes and Default Risk : The Impact of Refinancing on Expected Credit Losses, Staff Report 562
- Federal Reserve Liquidity Provision during the Financial Crisis of 2007-2009, Staff Report 563
- The Minimum Balance at Risk : A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds, Staff Report 564
- Information and Anti-American Attitudes, Staff Report 558
- Housing Markets and Residential Segregation : Impacts of the Michigan School Finance Reform on Inter- and Intra-District Sorting, Staff Report 565
- Mismatch Unemployment, Staff Report 566
- Intermediary Leverage Cycles and Financial Stability, Staff Report 567
- Do Informal Referrals Lead to Better Matches : Evidence from a Firm's Employee Referral System, Staff Report 568
- A New Look at Second Liens, Staff Report 569
- Decomposing Real and Nominal Yield Curves, Staff Report 570
- Information Acquisition and Financial Intermediation, Staff Report 571
- Doing Well by Doing Good : Community Development Venture Capital, Staff Report 572
- Abbott and Bacon Districts : Education Finances during the Great Recession, Staff Report 573
- The Forward Guidance Puzzle, Staff Report 574
- Assessing the Quality of "Furfine-based" Algorithms, Staff Report 575
- Banking across Borders, Staff Report 576
- On Bounding Credit Event Risk Premia, Staff Report 577
- Have Financial Markets Become More Informative?, Staff Report 578
- When Is There a Strong Transfer Risk from the Sovereigns to the Corporates : Property Rights Gaps and CDS Spreads, Staff Report 579
- Shadow Banking : A Review of the Literature, Staff Report 580
- Forecasting through the Rear-View Mirror : Data Revisions and Bond Return Predictability, Staff Report 581
- Payment Size, Negative Equity, and Mortgage Default, Staff Report 582
- Discussion of "An Integrated Framework for Multiple Financial Regulations", Staff Report 583
- Exchange Rate Pass-Through, Markups, and Inventories, Staff Report 584
- Rare Shocks, Great Recessions, Staff Report 585
- Importers, Exporters, and Exchange Rate Disconnect, Staff Report 586
- Agglomeration and Job Matching among College Graduates, Staff Report 587
- The Measurement and Behavior of Uncertainty : Evidence from the ECB Survey of Professional Forecasters, Staff Report 588
- No Good Deals—No Bad Models, Staff Report 589
- Liquidity and Volatility in the U.S. Treasury Market, Staff Report 590
- Chinese Exports and U.S. Import Prices, Staff Report 591
- A Boost in the Paycheck : Survey Evidence on Workers' Response to the 2011 Payroll Tax Cuts, Staff Report 592
- Gender Discrimination and Social Identity : Experimental Evidence from Urban Pakistan, Staff Report 593
- Securitization and the Fixed-Rate Mortgage, Staff Report 594
- Estimating the Impacts of the U.S. LSAPs on Emerging Market Economies' Local Currency Bond Markets, Staff Report 595
- A Sampling-Window Approach to Transactions-Based Libor Fixing, Staff Report 596
- Rollover Risk as Market Discipline : A Two-Sided Inefficiency, Staff Report 597
- The High-Frequency Response of Energy Prices to Monetary Policy : Understanding the Empirical Evidence, Staff Report 598
- Money Market Funds Intermediation and Bank Instability, Staff Report 599
- Capital Controls : A Normative Analysis, Staff Report 600
- Household Leveraging and Deleveraging, Staff Report 602
- Identifying Term Interbank Loans from Fedwire Payments Data, Staff Report 603
- How Much Do Bank Shocks Affect Investment : Evidence from Matched Bank-Firm Loan Data, Staff Report 604
- Geographical Reallocation and Unemployment during the Great Recession : The Role of the Housing Bust, Staff Report 605
- Buyout Activity : The Impact of Aggregate Discount Rates, Staff Report 606
- Risk-Neutral Systemic Risk Indicators, Staff Report 607
- The Inflation-Output Trade-Off Revisited, Staff Report 608
- Banking across Borders with Heterogeneous Banks, Staff Report 609
- Anxiety in the Face of Risk, Staff Report 610
- A Bargaining Theory of Trade Invoicing and Pricing, Staff Report 611
- Shared Knowledge and the Coagglomeration of Occupations, Staff Report 612
- The Gender Unemployment Gap, Staff Report 613
- Going Global : Markups and Product Quality in the Chinese Art Market, Staff Report 614
- Dynamic Effects of Credit Shocks in a Data-Rich Environment, Staff Report 615
- The Risk of Fire Sales in the Tri-Party Repo Market, Staff Report 616
- The Impact of Housing Markets on Consumer Debt : Credit Report Evidence from 1999 to 2012, Staff Report 617
- Inflation in the Great Recession and New Keynesian Models, Staff Report 618
- Time-Varying Structural Vector Autoregressions and Monetary Policy : A Corrigendum, Staff Report 619
- Trading Partners in the Interbank Lending Market, Staff Report 620
- Time-Varying Inflation Risk and Stock Returns, Staff Report 621
- The Microstructure of China's Government Bond Market, Staff Report 622
- How Do Global Banks Scramble for Liquidity : Evidence from the Asset-Backed Commercial Paper Freeze of 2007, Staff Report 623
- Price and Size Discovery in Financial Markets : Evidence from the U.S. Treasury Securities Market, Staff Report 624
- Dynamic Leverage Asset Pricing, Staff Report 625
- Time Variation in Asset Price Responses to Macro Announcements, Staff Report 626
- Preferences and Biases in Educational Choices and Labor Market Expectations : Shrinking the Black Box of Gender, Staff Report 627
- The Macroeconomics of Trend Inflation, Staff Report 628
- Evaluating the Quality of Fed Funds Lending Estimates Produced from Fedwire Payments Data, Staff Report 629
- The Fragility of Short-Term Secured Funding Markets, Staff Report 630
- The Long Road to Recovery : New York Schools in the Aftermath of the Great Recession, Staff Report 631
- Still Not Out of the Woods : New Jersey Schools during the Recession and Beyond, Staff Report 632
- International Trade, Risk and the Role of Banks, Staff Report 633
- Financial Education and the Debt Behavior of the Young, Staff Report 634
- Auctions Implemented by the Federal Reserve Bank of New York during the Great Recession, Staff Report 635
- Negative Equity and Housing Investment, Staff Report 636
- Heterogeneity and Stability : Bolster the Strong, Not the Weak, Staff Report 637
- Shadow Bank Monitoring, Staff Report 638
- Accounting for Breakout in Britain : The Industrial Revolution through a Malthusian Lens, Staff Report 639
- Banking Globalization, Transmission, and Monetary Policy Autonomy, Staff Report 640
- Merit Aid, Student Mobility, and the Role of College Selectivity, Staff Report 641
- Federal Reserve Tools for Managing Rates and Reserves, Staff Report 642
- Did Cuts in State Aid during the Great Recession Lead to Changes in Local Property Taxes?, Staff Report 643
- The Capital Structure and Governance of a Mortgage Securitization Utility, Staff Report 644
- Fire-Sale Spillovers and Systemic Risk, Staff Report 645
- Unemployment Benefits and Unemployment in the Great Recession : The Role of Equilibrium Effects, Staff Report 646
- The FRBNY DSGE Model, Staff Report 647
- The Effects of the Saving and Banking Glut on the U.S. Economy, Staff Report 648
- Fiscal Foundations of Inflation : Imperfect Knowledge, Staff Report 649
- Did Liquidity Providers Become Liquidity Seekers?, Staff Report 650
- Intermediary Balance Sheets, Staff Report 651
- The Effects of Policy Guidance on Perceptions of the Fed's Reaction Function, Staff Report 652
- Coordinating Monetary and Macroprudential Policies, Staff Report 653
- ECB Monetary Operations and the Interbank Repo Market, Staff Report 654
- Fundamental Disagreement, Staff Report 655
- Arbitrage-Free Models of Stocks and Bonds, Staff Report 656
- Momentum and the Term Structure of Interest Rates, Staff Report 657
- More on U.S. Treasury Term Premiums : Spot and Expected Measures, Staff Report 658
- No Guarantees, No Trade : How Banks Affect Export Patterns, Staff Report 659
- The Over-the-Counter Theory of the Fed Funds Market : A Primer, Staff Report 660
- Liquidity Policies and Systemic Risk, Staff Report 661
- World Welfare is Rising : Estimation Using Nonparametric Bounds on Welfare Measures, Staff Report 662
- Assessing Financial Stability : The Capital and Loss Assessment under Stress Scenarios (CLASS) Model, Number 663
- Financial Stability Policies for Shadow Banking, Number 664
- Arbitrage-Free Affine Models of the Forward Price of Foreign Currency, Number 665
- Bank Holding Company Dividends and Repurchases during the Financial Crisis, Number 666
- LIBOR: Origins, Economics, Crisis, Scandal, and Reform, Number 667
- Measuring Student Debt and Its Performance, Number 668
- Lights, Camera,...Income! : Estimating Poverty Using National Accounts, Survey Means, and Lights, Number 669
- Gates, Fees, and Preemptive Runs, Number 670
- A Primer on the GCF Repo® Service, Number 671
- The FRBNY Staff Underlying Inflation Gauge: UIG, Number 672
- Dealer Financial Conditions and Lender-of-Last-Resort Facilities, Number 673
- Understanding Mortgage Spreads, Number 674
- International Banking and Liquidity Risk Transmission : Lessons from across Countries, Number 675
- Liquidity Risk and U.S. Bank Lending at Home and Abroad, Number 676
- A Simple and Reliable Way to Compute Option-Based Risk-Neutral Distributions, Number 677
- The Revolving Door and Worker Flows in Banking Regulation, Number 678
- The Effect of State Pension Cut Legislation on Bank Values, Number 679
- Central Bank Macroeconomic Forecasting during the Global Financial Crisis : The European Central Bank and Federal Reserve Bank of New York Experiences, Number 680
- What Determines the Composition of International Bank Flows?, Number 681
- Educational Assortative Mating and Household Income Inequality, Number 682
- University Choice : The Role of Expected Earnings, Non-pecuniary Outcomes, and Financial Constraints, Number 683
- Direct Purchases of U.S. Treasury Securities by Federal Reserve Banks, Number 684
- Information Heterogeneity and Intended College Enrollment, Number 685
- Africa Is on Time, Number 686
- Shifts in the Beveridge Curve, Number 687
- A Leverage-Based Measure of Financial Instability, Number 688
- Job Search Behavior over the Business Cycle, Number 689
- Monetary Policy, Financial Conditions, and Financial Stability, Number 690
- What Predicts U.S. Recessions?, Number 691
- How Does Risk Management Influence Production Decisions? : Evidence from a Field Experiment, Number 692
- Bank Heterogeneity and Capital Allocation : Evidence from "Fracking" Shocks, Number 693
- Counterparty Risk in Material Supply Contracts, Number 694
- Dynamic Prediction Pools : An Investigation of Financial Frictions and Forecasting Performance, Number 695
- Supervisory Stress Tests, Number 696
- CDS and Equity Market Reactions to Stock Issuances in the U.S. Financial Industry : Evidence from the 2002-13 Period, Number 697
- Costly Information, Planning Complementarities and the Phillips Curve, Number 698
- Population Aging, Migration Spillovers, and the Decline in Interstate Migration, Number 699
- Tuition, Jobs, or Housing : What's Keeping Millennials at Home?, Number 700
- When Does a Central Bank's Balance Sheet Require Fiscal Support?, Number 701
- The Sensitivity of Housing Demand to Financing Conditions : Evidence from a Survey, Number 702
- Horizon-Dependent Risk Aversion and the Timing and Pricing of Uncertainty, Number 703
- Banks' Incentives and the Quality of Internal Risk Models, Number 704
- Hybrid Intermediaries, Number 705
- Option-Implied Term Structures, Number 706
- Grown-Up Business Cycles, Number 707
Select a resource to view.
In order to aid in the retrieval of information from this publication, significant tables, charts, and/or articles have been extracted and can be viewed individually or across a span of issues.
/
0
More Information
less
Although some items are missing and numbering may not be sequential, the full collection for 1996-2013 from the Federal Reserve Bank of New York archives has been added to FRASER. A small number of reports are currently unavailable in digital format. In addition, SR 273 (2007) was withdrawn from the series at the request of the author prior to posting on FRASER.
1995-2014
Federal Reserve Bank of New York
Federal Reserve Bank of New York
Save & Share
less
