Publication
Working Paper (Federal Reserve Bank of Cleveland)
1976-2015
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
- 2000s
- Timing and Real Indeterminacy in Monetary Models, Working Paper 99-10R
- Designing Stabilization Policy in a Monetary Union, Working Paper 00-01
- How Much Should Americans Be Saving for Retirement?, Working Paper 00-02
- Anatomy of a Fair-Lending Exam : The Uses and Limitations of Statistics, Working Paper 00-03R
- The Expectations Trap Hypothesis, Working Paper 00-04
- Generalized Search-Theoretic Models of Monetary Exchange, Working Paper 00-05
- Protectionist Demands in Globalization, Working Paper 00-06
- Home Production Meets Time-To-Build, Working Paper 00-07R
- What Accounts For the Decline in Crime?, Working Paper 00-08
- Forward-Looking Versus Backward-Looking Taylor Rules, Working Paper 00-09
- Money Growth Rules and Price Level Determinacy, Working Paper 00-10
- Monetary Shocks, Agency Costs, and Business Cycles, Working Paper 00-11
- Implementing the Friedman Rule, Working Paper 00-12
- Relationship Loans and Information Exploitability in a Competitive Market : Loan Commitments vs. Spot Loans, Working Paper 00-13
- Gross Loan Flows, Working Paper 00-14
- On the Welfare Gains of Reducing the Likelihood of Economic Crises, Working Paper 00-15
- Is the Political Business Cycle for Real?, Working Paper 00-16
- Market- vs. Bank-Based Financial Systems : Do Investor Rights Really Matter?, Working Paper 01-01R
- Life-Cycle Saving, Limits on Contributions to DC Pension Plans, and Lifetime Tax Benefits, Working Paper 01-02
- Coalitions, Power, and the FOMC, Working Paper 01-03
- Marriage and Consumption Insurance : What's Love Got to Do With It?, Working Paper 01-04
- Efficient Investment in Children, Working Paper 01-05
- Maximum Likelihood in the Frequency Domain : The Importance of Time-to-Plan, Working Paper 01-06
- Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy, Working Paper 01-07
- Does Participating in a 401(k) Raise Your Lifetime Taxes?, Working Paper 01-08
- The Mismatch Between Life Insurance Holdings and Financial Vulnerabilities : Evidence from the Health and Retirement Survey, Working Paper 01-09
- Sterilized Intervention, Nonsterilized Intervention, and Monetary Policy, Working Paper 01-10
- PSAF, Economic Capital, and the New Basel Accord, Working Paper 01-11
- Federal Home Loan Bank Lending to Community Banks. Are Targeted Subsidies Necessary?, Working Paper 01-12
- Will the Valuation Ratios Revert to their Historical Means ?Some Evidence from Breakpoint Tests, Working Paper 01-13
- Who Gets Paid to Save?, Working Paper 01-14
- Monetary Policy in a World Without Perfect Capital Markets, Working Paper 01-15
- Taylor Rules in a Model that Satisfies the Natural Rate Hypothesis, Working Paper 01-16
- Learning and the Central Bank, Working Paper 01-17
- The U.S. Demographic Transition Perfect Capital Markets, Working Paper 01-18
- A Strategic Approach to Hedging and Contracting, Working Paper 01-19
- The Mismatch Between Life Insurance Holdings and Financial Vulnerabilities : Evidence from the Survey of Consumer Finances, Working Paper 02-01
- Does It Matter (for Equilibrium Determinacy) What Price Index the Central Bank Targets?, Working Paper 02-02
- Community Banks as Small Business Lenders : The Tough Road Ahead, Working Paper 02-03
- Monetary Policy in a Financial Crisis, Working Paper 02-04
- Imperfect Capital Markets and Nominal Wage Rigidities, Working Paper 02-05
- Does It Pay to Work?, Working Paper 02-06
- A Simple Search Model of Money with Heterogeneous Agents and Partial Acceptability, Working Paper 02-07
- Search, Money and Capital : A Neoclassical Dichotomy, Working Paper 02-08
- Price Setting, Price Dispersion, and the Value of Money — Or — The Law of Two Prices, Working Paper 02-09
- Dynamics, Cycles and Sunspot Equilibria in "Genuinely Dynamic, Fundamentally Disaggregative" Models of Money, Working Paper 02-10
- A Unified Framework for Monetary Theory And Policy Analysis, Working Paper 02-11
- Life Cycle Wage and Job Changes, Working Paper 02-12
- Scope and Scale Economies in Federal Reserve Payment Processing, Working Paper 02-13
- Getting the Most Out of a Mandatory Subordinated Debt Requirement, Working Paper 02-14
- Do Energy-Price Shocks Affect Core-Price Measures?, Working Paper 02-15
- Monitoring and Controlling Bank Risk: Does Risky Debt Serve any Purpose?, Working Paper 03-01
- How Amenities Affect Job and Wage Choices over the Life Cycle, Working Paper 03-02
- Ready, Willing, and Able? Measuring Labour Availability in the UK, Working Paper 03-03
- Nearsighted Justice, Working Paper 03-04
- Financial System Structure and Economic Development: Structure Matters, Working Paper 03-05
- A Deposit Insurance System for Armenia, Working Paper 03-06
- Information Gathering by a Principal, Working Paper 03-07
- Pricing Kernels, Inflation, and the Term Structure of Interest Rates, Working Paper 03-08
- An Analysis of Japanese Foreign Exchange Interventions, Working Paper 03-09
- A Theory of Money and Banking, Working Paper 03-10
- Currency Competition in a Fundamental Model of Money, Working Paper 03-11
- The Forecasting Performance of German Stock Option Densities, Working Paper 03-12
- The Empirical Performance of Option-Based Densities of Foreign Exchange, Working Paper 03-13
- On Credit Spread Slopes and Predicting Bank Risk, Working Paper 03-14
- Government Intervention in the Foreign Exchange Market, Working Paper 03-15
- Resolving the National Banking System Note-Issue Puzzle, Working Paper 03-16
- Inflation and Financial Market Performance: What Have We Learned in the Last Ten Years?, Working Paper 03-17
- The Great Depression and the Friedman-Schwartz Hypothesis, Working Paper 03-18
- Comments on Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability, Working Paper 03-19
- Investment and Interest Rate Policy: A Discrete Time Analysis, Working Paper 03-20
- Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note, Working Paper 03-21
- A Model of (the Threat of) Counterfeiting, Working Paper 04-01
- The Yield Curve, Recessions, and the Credibility of the Monetary Regime, Working Paper 04-02
- On SBA-Guaranteed Lending and Economic Growth, Working Paper 04-03
- The Business Cycle and the Life Cycle, Working Paper 04-04
- Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium, Working Paper 04-05
- Loggers vs. Campers: Compensation for the Taking of Property Rights, Working Paper 04-06
- Inflation, Output, and Welfare, Working Paper 04-07
- Friedman Meets Hosios: Efficiency in Search Models of Money, Working Paper 04-08
- The Forecast Ability of Risk-Neutral Densities of Foreign Exchange, Working Paper 04-09
- Thinking about Monetary Policy without Money: A Review of Three Books, Working Paper 04-10
- Monetary Policy, Endogenous Inattention, and the Volatility Trade-off, Working Paper 04-11
- The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-parametric Analysis, Working Paper 04-12
- Asset Prices, Nominal Rigidities, and Monetary Policy, Working Paper 04-13
- Bank Seasoned Equity Offers: Do Voluntary & Involuntary Offers Differ?, Working Paper 04-14
- Geographic Redistribution of U.S. Manufacturing and the Role of State Development Policy, Working Paper 04-15
- Firm-Specific Capital, Nominal Rigidities, and the Business Cycle, Working Paper 04-16
- Bargaining and the Value of Money, Working Paper 05-01
- Testing Near-Rationality Using Detailed Survey Data, Working Paper 05-02
- SBA-Loan Guarantees and Local Economic Growth, Working Paper 05-03
- State-Dependent Pricing, Inflation, and Welfare in Search Economies, Working Paper 05-04
- Theory, Measurement, and Calibration of Macroeconomic Models, Working Paper 05-05
- The Eurosystem Money Market Auctions: A Banking Perspective, Working Paper 05-06
- Recovering Market Expectations of FOMC Rate Changes with Options on Federal Funds Futures, Working Paper 05-07
- The Incidence of Nominal and Real Wage Rigidities in Great Britain: 1978-1998, Working Paper 05-08
- The Importance of Reallocations in Cyclical Productivity and Returns to Scale: Evidence from Plant-level Data, Working Paper 05-09
- Oil Prices, Monetary Policy, and Counterfactual Experiments, Working Paper 05-10
- Some Benefits of Cyclical Monetary Policy, Working Paper 05-11
- On the Recognizability of Money, Working Paper 05-12
- General Equilibrium with Nonconvexities, Sunspots, and Money, Working Paper 05-13
- Swedish Intervention and the Krona Float, 1993-2002, Working Paper 05-14
- Offer-Price Discount of Bank Seasoned Equity Offers: Do Voluntary and Involuntary Offers Convey Different Information?, Working Paper 05-15
- Small-Firm Credit Markets, SBA-Guaranteed Lending, and Economic Performance in Low-Income Areas, Working Paper 06-01
- Understanding the Determinants of Crime, Working Paper 06-02
- The Return to Capital and the Business Cycle, Working Paper 06-03
- Gross Loan Flows, Working Paper 06-04
- Dashboard Indicators for the Northeast Ohio Economy: Prepared for the Fund for Our Economic Future, Working Paper 06-05
- State Growth Empirics: The Long-Run Determinants of State Income Growth, Working Paper 06-06
- Search in Asset Markets, Working Paper 06-07
- Money and Capital as Competing Media of Exchange, Working Paper 06-08
- Bretton Woods and the U.S. Decision to Intervene in the Foreign-Exchange Market, 1957-1962, Working Paper 06-09
- Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy, Working Paper 06-10
- Forecasting with the Yield Curve: Level, Slope, and Output 1875-1997, Working Paper 06-11
- Two Flaws in Business Cycle Dating, Working Paper 06-12
- Small Firm Credit Market Discrimination, SBA-Guaranteed Lending, and Local Market Economic Performance, Working Paper 06-13
- Co-Movement in Sticky Price Models with Durable Goods, Working Paper 06-14
- The Role of Independence in the Green-Lin Diamond-Dybvig Model, Working Paper 06-15
- Bank Branch Presence and Access to Credit in Low-to-Moderate Income Neighborhoods, Working Paper 06-16
- Foreclosures: Relationship Lending in the Consumer Market and its Aftermath, Working Paper 06-17
- Option Prices, Exchange Market Intervention, and the Higher Moment Expectations Channel: A Users Guide, Working Paper 06-18
- Jump Starting GARCH: Pricing and Hedging Options with Jumps in Returns and Volatilities, Working Paper 06-19
- How Wages Change: Micro Evidence from the International Wage Flexibility Project, Working Paper 06-20
- Central Bank Independence and Inflation: A Note, Working Paper 06-21
- National Bank Notes and Silver Certificates, Working Paper 06-22
- Moral Hazard in the Diamond-Dybvig Model of Banking, Working Paper 06-23
- Relocation Patterns in U.S. Manufacturing, Working Paper 06-24
- Search in Asset Markets: Market Structure, Liquidity, and Welfare, Working Paper 07-01
- On Government Intervention in the Small-Firm Credit Market and Its Effect on Economic Performance, Working Paper 07-02
- Limited Liability and the Development of Capital Markets, Working Paper 07-03
- Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation, Working Paper 07-04
- On Forecasting the Term Structure of Credit Spreads, Working Paper 07-05
- Liquidity in Asset Markets with Search Frictions, Working Paper 07-06
- On the Cyclicality of R&D: Disaggregated Evidence, Working Paper 07-07
- Crashes and Recoveries in Illiquid Markets, Working Paper 07-08
- Incomplete Markets and Households' Exposure to Interest Rate and Inflation Risk: Implications for the Monetary Policy Maker, Working Paper 07-09
- Inflation-Output Gap Trade-off with a Dominant Oil Supplier, Working Paper 07-10
- A Model of Money and Credit, with Application to the Credit Card Debt Puzzle, Working Paper 07-11
- The Dynamics of Market Structure and Market Size in Two Health Services Industries, Working Paper 07-12
- Private Takings, Working Paper 07-13
- Money and Capital, Working Paper 07-14
- Crime and the Labor Market: A Search Model With Optimal Contracts, Working Paper 07-15
- Counterfeiting as Private Money in Mechanism Design, Working Paper 07-16
- Oil and the Great Moderation, Working Paper 07-17
- Entry, Exit, and Plant-Level Dynamics over the Business Cycle, Working Paper 07-18R
- Inflation Persistence, Inflation Targeting, and the Great Moderation, Working Paper 07-21
- Foreclosures in Ohio: Does Lender Type Matter?, Working Paper 07-24
- On-the-Job Search and Labor Market Real location, Working Paper 07-25
- Positive and Normative Effects of a Minimum Wage, Working Paper 08-01
- Money and Competing Assets under Private Information, Working Paper 08-02
- Do Financial Education Programs Work?, Working Paper 08-03
- Liquidity in Asset Markets with Search Frictions, Working Paper 08-04
- Investment Spikes and Uncertainty in the Petroleum Refining Industry, Working Paper 08-05
- Bank Mergers and the Dynamics of Deposit Interest Rates, Working Paper 08-06R
- Historical Review of Umbrella Supervision by the Board of Governors of the Federal Reserve System, Working Paper 08-07
- Reconsidering the Application of the Holder in Due Course Rule to Home Mortgage Notes, Working Paper 08-08
- On the Threat of Counterfeiting, Working Paper 08-09
- Estimating Real and Nominal Term Structures using Treasury Yields Inflation Forecasts and Inflation Swap Rates, Working Paper 08-10
- An Analysis of Foreclosure Rate Differentials in Soft Markets, Working Paper 08-11
- Cross-Sectoral Variation in Firm-Level Idiosyncratic Risk, Working Paper 08-12
- A Monetary Approach to Asset Liquidity, Working Paper 09-01
- Information and Liquidity: A Discussion, Working Paper 09-02
- Financial Crises and Bank Failures: A Review of Prediction Methods, Working Paper 09-04R
- A Note on Sunspots with Heterogeneous Agents, Working Paper 09-06
- Entry, Exit and the Determinants of Market Structure, Working Paper 09-07
- Credit Crises, Money, and Contractions: A Historical View, Working Paper 09-08
- Job Separations, Heterogeneity, and Earnings Inequality, Working Paper 09-10
- The Long Run Effects of Changes in Tax Progressivity, Working Paper 09-13
- 2010s
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Current working papers available from https://www.clevelandfed.org/publications/working-paper
1976-2015
Federal Reserve Bank of Cleveland
Federal Reserve Bank of Cleveland
- lcc: HC101.W67
- oclc: 9302688
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