Working Papers (Federal Reserve Bank of Richmond)
These papers are written by Richmond Fed economists, in some cases in collaboration with outside economists. They represent work prepared for later publication or presentation to professional meetings.
- 1970s
- 1980s
- 1990s
- 2000s
- 2010s
- Inventories, Inflation Dynamics, and the New Keynesian Phillips Curve, Working Paper 10-01
- Residential Mortgage Default : The Roles of House Price Volatility, Euphoria and the Borrower's Put Option, Working Paper 10-02
- How Large Has the Federal Financial Safety Net Become?, Working Paper 10-03R
- Quantitative Properties of Sovereign Default Models : Solution Methods Matter, Working Paper 10-04
- Quantifying the Impact of Financial Development on Economic Development, Working Paper 10-05
- Assessing the Effectiveness of the Paulson "Teaser Freezer" Plan : Evidence From the ABX Index, Working Paper 10-06
- Over-The-Counter Loans, Adverse Selection, and Stigma in the Interbank Market, Working Paper 10-07R
- Debt Dilution and Sovereign Default Risk, Working Paper 10-08R
- Learning About Informational Rigidities From Sectoral Data and Diffusion Indices, Working Paper 10-09
- Housing Default : Theory Works and So Does Policy, Working Paper 10-10
- The Role of Non-Owner-Occupied Homes in the Current Housing and Foreclosure Cycle, Working Paper 10-11
- On-The-Job Search and the Cyclical Dynamics of the Labor Market, Working Paper 10-12
- The Cyclical Price of Labor When Wages Are Smoothed, Working Paper 10-13
- On the Optimality of Ramsey Taxes in Mirless Economies, Working Paper 10-14
- Time to Produce and Emerging Market Crises, Working Paper 10-15R
- Deferred Pay for Bank Employees : Implications of Hidden Actions With Persistent Effects in Time, Working Paper 10-16R
- An Experimental Analysis of Contingent Capital Triggering Mechanisms, Working Paper 11-01R
- Aggregate Labor Market Dynamics in Hong Kong, Working Paper 11-02
- Transition Dynamics in the Neoclassical Growth Model : The Case of South Korea, Working Paper 11-04R
- Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model, Working Paper 11-05R
- Loan Guarantees for Consumer Credit Markets, Working Paper 11-06
- Contingent Capital : The Trigger Problem, Working Paper 11-07
- Deep Habits in the New Keynesian Phillips Curve, Working Paper 11-08
- Loan Loss Reserves, Accounting Constraints, and Bank Ownership Structure, Working Paper 11-09
- Discretionary Monetary Policy in the Calvo Model, Working Paper 11-03R
- Fiscal Rules and the Sovereign Default Premium, Working Paper 12-01
- Sales, Inventories, and Real Interest Rates : A Century of Stylized Facts, Working Paper 12-02
- Systematic Job Search : New Evidence from Individual Job Application Data, Working Paper 12-03R
- Accounting for Unemployment in the Great Recession : Nonparticipation Matters, Working Paper 12-04
- Large Excess Reserves in the U.S. : A View From the Cross-Section of Banks, Working Paper 12-05
- The Economics of Two-Sided Payment Card Markets : Pricing, Adoption and Usage, Working Paper 12-06
- Accounting for Unemployment : The Long and Short of It, Working Paper 12-07
- Ad-Valorem Platform Fees, Indirect Taxes and Efficient Price Discrimination, Working Paper 12-08R
- Ad-Valorem Platform Fees, Indirect Taxes and Efficient Price Discrimination : Supplementary Appendix
- Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models, Working Paper 12-09R
- International Reserves and Rollover Risk, Working Paper 13-01R
- The Supply of College-Educated Workers : The Roles of College Premia, College Costs, and Risk, Working Paper 13-02
- Banker Compensation and Bank Risk Taking : The Organizational Economics View, Working Paper 13-03
- Competitors, Complementors, Parents and Places : Explaining Regional Agglomeration in the U.S. Auto Industry, Working Paper 13-04R
- Market-Based Incentives, Working Paper 13-05
- Demand Externalitites and Price Cap Regulation : Learning From a Two-Sided Market, Working Paper 13-06R
- A Monetarist Critique of ECB Monetary Policy in the Great Recession, Working Paper 13-07R
- Sudden Stops, Time Inconsistency, and the Duration of Sovereign Debt, Working Paper 13-08
- Are Young Borrowers Bad Borrowers? Evidence From the Credit Card Act of 2009, Working Paper 13-09R
- Internet Banking : An Exploration in Technology Diffusion and Impact, Working Paper 13-10R
- Productivity Insurance : The Role of Unemployment Benefits in a Multi-Sector Model, Working Paper 13-11
- The Time-Varying Beveridge Curve, Working Paper 13-12
- A Road Map for Efficiently Taxing Heterogeneous Agents, Working Paper 13-13R
- The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy, Working Paper 13-14R
- Learning About Fiscal Policy and the Effects of Policy Uncertainty, Working Paper 13-15
- The Shifting and Twisting Beveridge Curve : An Aggregate Perspective, Working Paper 13-16
- State Dependent Monetary Policy, Working Paper 13-17
- The Credibility of Exchange Rate Pegs and Bank Distress in Historical Perspective : Lessons From the National Banking Era, Working Paper 13-18
- mREITs and Their Risks, Working Paper 13-19R
- Does Greater Inequality Lead to More Household Borrowing? : New Evidence From Household Data, Working Paper 14-01
- Indeterminacy and Learning : An Analysis of Monetary Policy in the Great Inflation, Working Paper 14-02
- Stepping Stone and Option Value in a Model of Postsecondary Education, Working Paper 14-03
- Does Redistribution Increase Output? : The Centrality of Labor Supply, Working Paper 14-04R
- Asset Trading and Valuation with Uncertain Exposure, Working Paper 14-05
- What Inventory Behavior Tells Us About How Business Cycles Have Changed, Working Paper 14-06R
- Optimized Taylor Rules for Disinflation When Agents Are Learning, Working Paper 14-07
- Large and Small Sellers : A Theory of Equilibrium Price Dispersion with Sequential Search, Working Paper 14-08
- Payment Choice and the Future of Currency : Insights From Two Billion Retail Transactions, Working Paper 14-09R
- Drifts, Volatilities, and Impulse Responses Over the Last Century, Working Paper 14-10
- Young Unskilled Women and the Earned Income Tax Credit : Insurance Without Disincentives?, Working Paper 14-11R
- The Intensity of Job Search and Search Duration, Working Paper 14-12
- Labor-Market Uncertainty and Portfolio Choice Puzzles, Working Paper 14-13
- A Simple General Equilibrium Model of Large Excess Reserves, Working Paper 14-14
- Learning and Life Cycle Patterns of Occupational Transitions, Working Paper 14-15
- The Complexity of CEO Compensation, Working Paper 14-16
- Price Dynamics with Customer Markets, Working Paper 14-17
- Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories, Working Paper 14-18
- Modeling Labor Markets in Macroeconomics : Search and Matching, Working Paper 14-19
- Equilibrium Price Dispersion Across and Within Stores, Working Paper 15-01
- Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion : An Experimental Examination, Working Paper 15-02
- Discussion on "Scarcity of Safe Assets, Inflation, and the Policy Trap" by Andolfatto and Williamson, Working Paper 15-03
- Should Greece Remain in the Eurozone?, Working Paper 15-04R
- Did the Financial Reforms of the Early 1990s Fail? A Comparison of Bank Failures and FDIC Losses in the 1986-92 and 2007-13 Periods, Working Paper 15-05
- Optimal Banking Contracts and Financial Fragility, Working Paper 15-06
- Stock Market Investment : The Role of Human Capital, Working Paper 15-07
- Innovation, Deregulation, and the Life Cycle of a Financial Service Industry, Working Paper 15-08
- Learning About Consumer Uncertainty from Qualitative Surveys : As Uncertain as Ever, Working Paper 15-09
- Approximating Time Varying Structural Models with Time Invariant Structures, Working Paper 15-10
- Tales of Transition Paths : Policy Uncertainty and Random Walks, Working Paper 15-11
- Optimal Liquidity Regulation with Shadow Banking, Working Paper 15-12r
- Measurement Errors and Monetary Policy : Then and Now, Working Paper 15-13
- Intergenerational Linkages in Household Credit, Working Paper 15-14
- On the Distribution of College Dropouts : Wealth and Uninsurable Idiosyncratic Risk, Working Paper 15-15
- What is the Monetary Standard?, Working Paper 15-16
- Money, Banking, and Monetary Policy from the Formation of the Federal Reserve Until Today, Working Paper 16-01
- Relative Price Dispersion : Evidence and Theory, Working Paper 16-02
- Network Contagion and Interbank Amplification During the Great Depression, Working Paper 16-03
- Financial Fragility and Over-the-Counter Markets, Working Paper 16-04
- Revisiting Gertler-Gilchrist Evidence on the Behavior of Small and Large Firms, Working Paper 16-05
- Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System, Working Paper 16-06
- In the Eye of a Storm : Manhattan's Money Center Banks During the International Financial Crisis of 1931, Working Paper 16-07
- Gaussian Mixture Approximations of Impulse Responses and the Nonlinear Effects of Monetary Shocks, Working Paper 16-08
- Choosing Prior Hyperparameters, Working Paper 16-09
- What Caused the Great Recession in the Eurozone?, Working Paper 16-10
- A Proposal to Clarify the Objectives and Strategy of Monetary Policy, Working Paper 16-11
- Bankruptcy and Delinquency in a Model of Unsecured Debt, Working Paper 16-12
- Estimating Matching Efficiency with Variable Search Effort, Working Paper 16-13r
- Optimal Contracts with Reflection, Working Paper 16-14
- Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions, Working Paper 16-15
- Private Information in Over-the-Counter Markets, Working Paper 16-16
- Interventions in Markets With Adverse Selection : Implications for Discount Window Stigma, Working Paper 17-01
- The Effects of Collecting Income Taxes on Social Security Benefits, Working Paper 17-02
- Health, Health Insurance, and Retirement : A Survey, Working Paper 17-03
- Rethinking Detroit, Working Paper 17-04
- Should Platforms Be Allowed to Charge Ad Valorem Fees?, Working Paper 17-05
- A Tractable Model of Monetary Exchange With Ex-Post Heterogeneity, Working Paper 17-06
- An Estimated Structural Model of Entrepreneurial Behavior, Working Paper 17-07
- Real Rates and Consumption Smoothing in a Low Interest Rate Environment : The Case of Japan, Working Paper 17-08
- What Remains of Milton Friedman's Monetarism?, Working Paper 17-09
- Urban Transportation and Inter-Jurisdictional Competition, Working Paper 17-10
- Optimal Incentive Contracts With Job Destruction Risk, Working Paper 17-11
- Global Dynamics in a Search and Matching Model of the Labor Market, Working Paper 17-12
- Asset Issuance in Over-the-Counter Markets, Working Paper 17-13
- The Persistence of Financial Distress, Working Paper 17-14
- Understanding the Size of the Government Spending Multiplier : It's in the Sign, Working Paper 17-15
- The Evolution of U.S. Monetary Policy, Working Paper 18-01
- Allan Meltzer : How He Underestimated His Own Contribution to the Modern Concept of a Central Bank, Working Paper 18-02
- The Transmission of Quasi-Sovereign Default Risk : Evidence From Puerto Rico, Working Paper 18-03R
- Regional Consumption Responses and the Aggregate Fiscal Multiplier, Working Paper 18-04R
- Bubbly Recessions, Working Paper 18-05R
- On the Measurement of Large Financial Firm Resolvability, Working Paper 18-06R
- Asset Bubbles and Global Imbalances, Working Paper 18-07
- The Fed's Discount Window : An Overview of Recent Data, Working Paper 18-08
- Temperature and Growth : A Panel Analysis of the United States, Working Paper 18-09
- Regressive Welfare Effects of Housing Bubbles, Working Paper 18-10
- Asset Pledgeability and Endogenously Leveraged Bubbles, Working Paper 18-11
- A Composite Likelihood Approach for Dynamic Structural Models, Working Paper 18-12
- Labor-Market Wedge Under Engel Curve Utility : Cyclical Substitution Between Necessities and Luxuries, Working Paper 18-13
- Monetary Policy Across Space and Time, Working Paper 18-14
- Diverging Trends in National and Local Concentration, Working Paper 18-15R
- Distance and Decline : The Case of Petersburg, Virginia, Working Paper 18-16
- Contingent Debt and Performance Pricing in an Optimal Capital Structure Model with Financial Distress and Reorganization, Working Paper 18-17
- End-of-Life Medical Expenses, Working Paper 18-18
- Misallocation and Credit Market Constraints : The Role of Long-Term Financing, Working Paper 19-01
- Playing with Money, Working Paper 19-02R
- Two-Sided Market, R&D and Payments System Evolution, Working Paper 19-03R
- On Regional Borrowing, Default, and Migration, Working Paper 19-04
- Who Values Access to College?, Working Paper 19-05R
- Assessing U.S. Aggregate Fluctuations Across Time and Frequencies, Working Paper 19-06
- The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse, Working Paper 19-07
- Aggregate Labor Force Participation and Unemployment and Demographic Trends, Working Paper 19-08
- The Consumption Origins of Business Cycles : Lessons from Sectoral Dynamics (Revised June 2021), Working Paper 19-09R
- Assessing Macroeconomic Tail Risk, Working Paper 19-10
- Aggregate Implications of Changing Sectoral Trends, Working Paper 19-11R
- An Information-Based Theory of Financial Intermediation, Working Paper 19-12
- Consumption in the Great Recession: The Financial Distress Channel, Working Paper 19-13
- Survey Data and Subjective Beliefs in Business Cycle Models, Working Paper 19-14
- Efficient Computation with Taste Shocks, Working Paper 19-15
- Cognitive Hubs and Spatial Redistribution, Working Paper 19-16
- Indeterminacy and Imperfect Information , Working Paper 19-17
- What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs , Working Paper 19-18
- Debt Limits and Credit Bubbles in General Equilibrium , Working Paper 19-19
- High-Skill Migration, Multinational Companies, and the Location of Economic Activity, Working Paper 19-20
- 2020s
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.
Current working papers available from https://www.richmondfed.org/publications/research/working_papers
1973-2024
Federal Reserve Bank of Richmond
Federal Reserve Bank of Richmond
Federal Reserve Bank of Richmond. Working Papers (Federal Reserve Bank of Richmond). Richmond, VA: Federal Reserve Bank of Richmond, 1973-2024, https://fraser.stlouisfed.org/title/3942, accessed on July 22, 2024.