Working Paper (Federal Reserve Bank of Cleveland)
Working Papers are preliminary versions of technical papers containing the results and discussions of current research. Written for eventual publication in professional economics journals, these papers offer a draft-by-draft view of our research process over a wide range of economic topics.
- Working Papers (Federal Reserve Bank of Cleveland)
- 1970s
- 1980s
- 1990s
- The Determinants of Commercial Bank Holdings of Municipal Securities : 1985-1988, Working Paper 90-01
- On the Choice of the Exchange-Rate Regimes, Working Paper 90-02
- Failed Delivery and Daily Treasury Bill Returns, Working Paper 90-03
- Cross-Sectional Analysis of Public Infrastructure and Regional Productivity Growth, Working Paper 90-04
- In Defense of Zero Inflation, Working Paper 90-05
- Inflation and the Personal Tax Code : Assessing Indexation, Working Paper 90-06
- Optimal Financial Structure and Bank Capital Requirements : An Empirical Investigation, Working Paper 90-07
- Sticky Prices, Money, and Business Fluctuations, Working Paper 90-08
- Intervention and the Foreign Exchange Risk Premium : An Empirical Investigation of Daily Effects, Working Paper 90-09
- Consumption and Fractional Differencing : Old and New Anomalies, Working Paper 90-10
- Information and Voting Power in the Proxy Process, Working Paper 90-11
- The Effect of Subordinated Debt and Surety Bonds on Banks' Cost of Capital and on the Value of Federal Deposit Insurance, Working Paper 90-12
- What Does the Capital Income Tax Distort?, Working Paper 90-13
- Cointegration and Transformed Series, Working Paper 90-14
- Loan Commitments and Bank Risk Exposure, Working Paper 90-15
- Some Problems of Infinite Regress in Social-Choice Models : A Category Theory Solution, Working Paper 90-16
- An Insider's View of the Political Economy of the Too Big to Fail Doctrine, Working Paper 90-17
- Prointegrative Subsidies and Their Effect on Housing Markets : Do Race- Based Loans Work?, Working Paper 90-18
- Tastes and Technology in a Two-Country Model of the Business Cycle : Explaining International Co-Movements, Working Paper 90-19
- Risk-Based Capital and Deposit Insurance Reform, Working Paper 91-01
- Inflation, Personal Taxes, and Real Output : A Dynamic Analysis, Working Paper 91-02
- Generational Accounts : A Meaningful Alternative to Deficit Accounting, Working Paper 91-03
- On the Valuation of Deposit Institutions, Working Paper 91-04
- Magnification Effects and Acyclical Real Wages, Working Paper 91-05
- Principal-Agent Problems in Commercial-Bank Failure Decisions, Working Paper 91-06
- Generational Accounting : A New Approach for Understanding the Effects of Fiscal Policy on Saving, Working Paper 91-07
- Bracket Creep in the Age of Indexing : Have We Solved the Problem?, Working Paper 91-08
- The Risk Premium in Forward Foreign Exchange Markets and G-3 Central Bank Intervention : Evidence of Daily Effects, 1985-1990, Working Paper 91-09
- On Flexibility, Capital Structure, and Investment Decisions for the Insured Bank, Working Paper 91-10
- Optimal Bank Portfolio Choice Under Fixed-Rate Deposit Insurance, Working Paper 91-11
- Troubled Savings and Loan Institutions : Voluntary Restructuring Under Insolvency, Working Paper 91-12
- Zero Inflation : Transition Costs and Shoe-Leather Benefits, Working Paper 91-13
- Local Banking Markets and Firm Location, Working Paper 91-14
- On the Econometrics of World Business Cycles, Working Paper 91-15
- The Sources and Nature of Long-Term Memory in the Business Cycle, Working Paper 91-16
- Inefficiency and Productivity Growth in Banking : A Comparison of Stochastic Econometric and Thick Frontier Methods, Working Paper 91-17
- Risk Aversion, Performance Pay, and the Principal-Agent Problem, Working Paper 91-18
- Estimating a Firm's Age-Productivity Profile Using the Present Value of Workers' Earnings, Working Paper 91-19
- A Dynamic Analysis of Recent Changes in the Rate of Part-Time Employment, Working Paper 91-20
- Rising Inequality in a Salary Survey : Another Piece of the Puzzle, Working Paper 91-21
- A Different Kind of Money Illusion : The Case of Long and Variable Lags, Working Paper 91-22
- Binomial Approximation in Financial Models : Computational Simplicity and Convergence, Working Paper 92-01
- Wagner's Hypothesis : A Local Perspective, Working Paper 92-02
- Post-Louvre Intervention : Did Target Zones Stabilize the Dollar?, Working Paper 92-03
- Bank Performance and Regional Economic Growth : Evidence of a Regional Credit Channel, Working Paper 92-04
- The Gold Standard as a Rule, Working Paper 92-05
- Social Security and Medicare Policy From the Perspective of Generational Accounting, Working Paper 92-06
- New Results on the Impact of Central-Bank Intervention on Deviations From Uncovered Interest Parity, Working Paper 92-07
- Generational Accounting : The Case of Italy, Working Paper 92-08
- Capital Forbearance and Thrifts : An Ex Post Examination of Regulatory Gambling, Working Paper 92-09
- Debt, Collateral, and U.S. Manufacturing Investment : 1954-1980, Working Paper 92-10
- Dynamics of the Trade Balance and the Terms of Trade : The S-Curve, Working Paper 92-11
- The Efficiency and Welfare Effects of Tax Reform : Are Fewer Tax Brackets Better Than More?, Working Paper 92-12
- Relative Price Movements in Dynamic General Equilibrium Models of International Trade, Working Paper 92-13
- On Markovian Representations of the Term Structure, Working Paper 92-14
- Do Hostile Takeovers Reduce Extramarginal Wage Payments?, Working Paper 92-15
- U.S. Air Passenger Service : A Taxonomy of Route Networks, Hub Locations, and Competition, Working Paper 92-16
- Commitment as Irreversible Investment, Working Paper 92-17
- The Determinants of Airport Hub Locations, Service, and Competition, Working Paper 92-18
- Cross-Lender Variation in Home Mortgage Lending, Working Paper 92-19
- Sharing with a Risk-Neutral Agent, Working Paper 93-01
- HRM Policy and Increasing Inequality in a Salary Survey, Working Paper 93-02
- Regulatory Taxes, Investment, and Financing Decision for Insured Banks, Working Paper 93-03
- Monitoring Core Inflation, Working Paper 93-04
- Generational Accounting in Norway : Is the Nation Overconsuming Its Petroleum Wealth?, Working Paper 93-05
- The Evolving Legal Framework for Financial Services, Working Paper 93-06
- Loan Sales, Implicit Contracts, and Bank Structure, Working Paper 93-07
- Dynamic Optimal Fiscal and Monetary Policy in a Business Cycle Model with Income Redistribution, Working Paper 93-08
- Lender Consistency in Housing Credit Markets, Working Paper 93-09
- Accounting for Racial Differences in Housing Credit Markets, Working Paper 93-10
- The Equity of Social Services Provided to Children and Senior Citizens, Working Paper 93-11
- Business Cycles and Aggregate Labor-Market Fluctuations, Working Paper 93-12
- Loan Sales as a Response to Market-Based Capital Constraints, Working Paper 93-13
- Accounting for Earnings Inequality in a Diverse Work Force, Working Paper 93-14
- Exclusion in All-Pay Auctions, Working Paper 94-01
- Auctions with Budget-Constrained Buyers : A Nonequivalence Result, Working Paper 94-02
- Underlying Determinants of Closed-Bank Resolution Costs, Working Paper 94-03
- Depositor Preference and the Cost of Capital for Insured Depository Institutions, Working Paper 94-04
- The Federal Reserve Board before Marriner Eccles (1931-1934), Working Paper 94-05
- Optimal Fiscal Policy When Public Capital Is Productive : A Business- Cycle Perspective, Working Paper 94-06
- Anticipating Bailouts : The Incentive-Conflict Model and the Collapse of the Ohio Deposit Guarantee Fund, Working Paper 94-07
- The Impact of AFDC on Birth Decisions and Program Participation, Working Paper 94-08
- The Welfare Effects of Tax Simplification : A General-Equilibrium Analysis, Working Paper 94-09
- Tax Structure, Welfare, and the Stability of Equilibrium in a Model of Dynamic Optimal Fiscal Policy, Working Paper 94-10
- Similarities and Dissimilarities in the Collapses of Three State- Chartered Private Deposit Insurance Funds, Working Paper 94-11
- The Burden of German Unification : A Generational Accounting Approach, Working Paper 94-12
- The Annuitization of Americans' Resources : A Cohort Analysis, Working Paper 94-13
- Loan Sales : Pacific Rim Trade in Nontradable Assets, Working Paper 94-14
- Bankruptcy Rules and Debt Contracting : On the Relative Efficiency of Absolute Priority, Proportionate Priority, and First-Come, First-Served Rules, Working Paper 94-15
- Executive Compensation : A Calibration Approach, Working Paper 94-16
- Bank Diversification : Laws and Fallacies of Large Numbers, Working Paper 94-17
- The Effects of Inflation on Wage Adjustments in Firm-Level Data : Grease or Sand?, Working Paper 94-18
- Posted Rates as Signals in Mortgage Lending Markets, Working Paper 94-19
- The Computational Experiment : An Econometric Tool, Working Paper 94-20
- Underserved Mortgage Markets : Evidence From HMDA Data, Working Paper 94-21
- More on the Differences Between Reported and Actual U.S. Central Bank Foreign Exchange Intervention, Working Paper 95-01
- The Changing Role of Banks and the Changing Value of Deposit Guarantees, Working Paper 95-02
- Computable General-Equilibrium Models and Monetary Policy Advice, Working Paper 95-03
- Interest Rate Rules Vs. Money Growth Rules : A Welfare Comparison in a Cash-In-Advance Economy, Working Paper 95-04
- Debt and Equity as Optimal Contracts, Working Paper 95-05
- Imperfect State Verification and Financial Contracting, Working Paper 95-06
- Optimal Fiscal Policy When Public Capital Is Productive : A Business Cycle Perspective, Working Paper 95-07
- Marginal Tax Rates and Income Inequality : A Quantitative-Theoretic Analysis, Working Paper 95-08
- Optimal Fiscal Policy, Public Capital, and the Productivity Slowdown, Working Paper 95-09
- Optimal Taxation of Capital Income in a Growth Model with Monopoly Profits, Working Paper 95-10
- Voting on Social Security : Evidence From OECD Countries, Working Paper 95-11
- The Role of Warrants in Corporate Reorganizations, Working Paper 95-12
- A Note on Absolute Priority Rule Violations, Credit Rationing, and Efficiency, Working Paper 95-13
- Defining the Monetary Base in a Deregulated Financial System, Working Paper 95-14
- Bank Capital and Equity Investment Regulations, Working Paper 95-15
- Fertility and Welfare Participation, Working Paper 95-16
- Some Monte Carlo Results on Nonparametric Changepoint Tests, Working Paper 95-17
- Understanding the Postwar Decline in United States Saving : A Cohort Analysis, Working Paper 95-18
- Does Means-Testing Welfare Discourage Saving? Evidence From the National Longitudinal Survey of Women, Working Paper 95-19
- Sectoral Wage Convergence : A Nonparametric Distributional Analysis, Working Paper 95-20
- Dynamic Commitment and Imperfect Policy Rules, Working Paper 96-01
- Agency Costs, Net Worth, and Business Fluctuations : A Computable General Equilibrium Analysis, Working Paper 96-02
- Demographic Change, Generational Accounts, and National Saving in the United States, Working Paper 96-03
- Bank Deposit Rate Clustering : Theory and Empirical Evidence, Working Paper 96-04
- Endogenous Money Supply and the Business Cycle, Working Paper 96-05
- Commitment as Investment Under Uncertainty, Working Paper 96-06
- Macro- and Microeconomic Consequences of Wage Rigidity, Working Paper 96-07
- U.S. Intervention : Assessing the Probability of Success, Working Paper 96-08
- On the Political Economy of Income Redistribution and Crime, Working Paper 96-09
- Commercial Banks in the Securities Business : A Review, Working Paper 96-10
- Sectoral Wage Convergence : A Nonparametric Distributional Analysis, Working Paper 96-11
- Rounding in Earnings Data, Working Paper 96-12
- Work Schedules, Wages, and Employment in a General Equilibrium Model With Team Production, Working Paper 96-13
- Welfare, Stabilization, or Growth : A Comparison of Different Fiscal Objectives, Working Paper 96-14
- Growth Effects of a Flat Tax, Working Paper 96-15
- Monitored Finance, Liquidity, and Institutional Investment Choice, Working Paper 96-16
- Inflation and Financial Market Performance, Working Paper 96-17
- Consequences of Means Testing Social Security : Evidence From the SSI Program, Working Paper 96-18
- Performance and Asset Management Effects of Bank Acquisitions, Working Paper 96-19
- Neighborhood Information and Home Mortgage Lending., Working Paper 96-20
- Marginal Tax Rates and Income Inequality in a Life-cycle Model, Working Paper 96-21
- Estimating the Cost of U.S. Indexed Bonds, Working Paper 97-01
- Credit Rationing, Bankruptcy Cost, and the Optimal Debt Contract for Small Business, Working Paper 97-02
- Social Security Privatization : A Simple Proposal, Working Paper 97-03
- Securities Activities in Banking Conglomerates : Should Their Location Be Regulated?, Working Paper 97-04
- Identifying Inflations Grease and Sand Effects in the Labor Market, Working Paper 97-05
- Trust and Investment Corporations in China, Working Paper 97-06
- Efficient Inflation Estimation, Working Paper 97-07
- Indeterminacy and Stabilization Policy, Working Paper 97-08
- A Note on Purifying Mixed Strategy Equilibria in the Search Model of Money, Working Paper 97-09
- Absolute Priority Rule Violations, Credit Rationing, and Efficiency, Working Paper 97-10
- Algorithms for Solving Dynamic Models With Occasionally Binding Constraints, Working Paper 97-11
- Simulating U.S. Tax Reform, Working Paper 97-12
- Expectations, Credibility, and Disinflation in a Small Macroeconomic Model, Working Paper 97-13
- Interest Rate Option Pricing With Volatility Humps, Working Paper 97-14
- Depositor Preference Legislation and Failed Banks' Resolution Costs, Working Paper 97-15
- Electronic Money, Working Paper 97-16
- Reducing Working Hours : A General Equilibrium Analysis, Working Paper 98-01
- Appointing the Median Voter of a Policy Board, Working Paper 98-02
- Large Shareholders and Market Discipline in a Regulated Industry : A Clinical Study of Mellon Bank, Working Paper 98-03
- Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients, Working Paper 98-04
- The FDICIA and Bank CEOs Pay-Performance Relationship : An Empirical Investigation, Working Paper 98-05
- Measuring the Rate of Technological Progress in Structures, Working Paper 98-06
- Money and Dynamic Arrangements with Private Information, Working Paper 98-07
- The Importance of Bank Seniority for Relationship Lending, Working Paper 98-08
- Self-Selection and Discrimination in Credit Markets, Working Paper 98-09
- Optimal Employment of Scale Economies in the Federal Reserve's Currency Infrastructure, Working Paper 98-10
- Simulating the Transmission of Wealth Inequality via Bequests, Working Paper 98-11
- Expectations, Credibility, and Time-Consistent Monetary Policy, Working Paper 98-12
- Monetary Aggregates and Output, Working Paper 98-13
- Earnings and Wealth Inequality and Income Taxation : Quantifying the Trade-Offs of Switching to a Proportional Income Tax in the U.S., Working Paper 98-14
- The Federal Reserve as an Informed Foreign-Exchange Trader, Working Paper 98-15
- Evolutionary Programming as a Solution Technique for the Bellman Equation, Working Paper 98-16
- Non-Par Banking : Competition and Monopoly in Markets for Payments Services, Working Paper 98-17
- Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions : The Problem with Inflation Targets, Working Paper 98-18
- Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions : The Problem with Inflation Targets, Working Paper 98-18R
- Price-Level and Interest-Rate Targeting in a Model with Sticky Prices, Working Paper 98-19
- Will Electronic Money be Adopted in the United States?, Working Paper 98-20
- Private Money Creation and the Suffolk Banking System, Working Paper 98-21
- Sources of Business Cycles in Korea and the United States, Working Paper 98-22
- Maximum Likelihood in the Frequency Domain : A Time to Build Example, Working Paper 99-01
- Taylor Rules in a Limited Participation Model, Working Paper 99-02
- A Method for Taking Models to the Data, Working Paper 99-03
- More on Marriage, Fertility, and the Distribution of Income, Working Paper 99-04
- Monetary Policy Regimes and Beliefs, Working Paper 99-05
- Monetary Policy Regimes and Beliefs, Working Paper 99-05R
- The Band Pass Filter, Working Paper 99-06
- Banking and Commerce : A Liquidity Approach, Working Paper 99-07
- Firms' Wage Adjustments : A Break from the Past?, Working Paper 99-08
- Protection for Whom? Creditor Conflicts in Bankruptcy, Working Paper 99-09
- Timing and Real Indeterminacy in Monetary Models, Working Paper 99-10
- Optimal Monetary Policy in a Small Open Economy : A General Equilibrium Analysis, Working Paper 99-11
- Social Security's Treatment of Postwar Americans : How Bad Can It Get?, Working Paper 99-12
- The Impact of Social Security and Other Factors on the Distribution of Wealth, Working Paper 99-13
- The Adequacy of Life Insurance Evidence from the Health and Retirement Survey, Working Paper 99-14
- Risk Sharing of Disaggregate Macroeconomic and Idiosyncratic Shocks, Working Paper 99-15
- Currency Portfolios and Nominal Exchange Rates in a Dual Currency Search Economy, Working Paper 99-16
- Results of a Study of the Stability of Cointegrating Relations Comprised of Broad Monetary Aggregates, Working Paper 99-17
- Intervention as Information : A Survey, Working Paper 99-18
- The Effects of Minimum Wages Throughout the Wage Distribution, Working Paper 99-19
- Central Bank Intervention and Overnight Uncovered Interest Rate Parity, Working Paper 98-23
- 2000s
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Current working papers available from https://www.clevelandfed.org/publications/working-paper
1976-2002
Federal Reserve Bank of Cleveland
Federal Reserve Bank of Cleveland
- lcc: HC101.W67
- oclc: 9302688
Federal Reserve Bank of Cleveland. Working Paper (Federal Reserve Bank of Cleveland). Cleveland, Ohio: Federal Reserve Bank of Cleveland, 1976-2002, https://fraser.stlouisfed.org/title/4494, accessed on December 6, 2024.