Publication:
Working Papers (Federal Reserve Bank of Richmond)
1973-2024
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
- Simulations of Marginal Reserve Requirements on Large Denomination Certificates of Deposit in the FRB Model, Working Paper 73-1
- Monetary Policy, Bank Credit, and Total Credit : A Preliminary Analysis, Working Paper 73-2
- The Cost of Capital, the Desired Capital Stock, and a Variable Investment Tax Credit as a Stabilization Tool, Working Paper 73-3
- Thrift Institution Competition with Commercial Banks : Empirical Evidence, Working Paper 74-1
- Alternative Optimal Open Market Strategies : A Classical Optimization Certainty Equivalence Approach, Working Paper 74-2
- An Employment Pressure Index as an Alternative Measure of Labor Market Conditions, Working Paper 74-3
- Alternative Reserve Concepts as Operating Targets in Monetary Policy Implementation : Specification of the Structural Model, Working Paper 74-4
- Commercial Banking Performance and Structure : A Factor Analysis Approach, Working Paper 74-5
- A General Model of Bank Decisions, Working Paper 74-6
- Multibank Holding Companies and Bank Behavior, Working Paper 75-1
- Interest Rates, Expectations, and the Wicksellian Policy Rule, Working Paper 75-2
- Bank Management, Competition, and Interest Rates : A Portfolio Model of Discount Window Activity, Working Paper 76-1
- The Motivation for Bank Holding Company Acquisitions, Working Paper 76-2
- Determinants of Long-Term Bond Risk Premiums, Working Paper 76-3
- The Cost of Membership in the Federal Reserve System, Working Paper 77-1
- Interest Rate Expectations and the Demand for Short-Term Business Credit, Working Paper 77-2
- The Risk-Free U.S. Bond Rate : Errors in Construction and Use in Econometric Work, Working Paper 77-3
- Federal Reserve Policy Strategy and Interest Rate Seasonality, Working Paper 78-1
- Uncertain Inflation, Systematic Risk, and the Capital Asset Pricing Model, Working Paper 78-2
- Required Reserves, Correspondent Balances and Cash Asset Positions of Member and Nonmember Banks : Evidence from the Fifth Federal Reserve District, Working Paper 78-3
- Measuring the Default Risk of Bonds Using Yields to Maturity, Working Paper 78-4
- Determinants of Correspondent Banking Relationships with the Federal Reserve System, Working Paper 79-1
- A Note on the Neutrality of Temporary Monetary Disturbances, Working Paper 79-2
- The Determinants of Labor Force Participation : An Empirical Analysis, Working Paper 79-3
- Determinants of the Spread Between Treasury Bill and Private Sector Money Market Rates, Working Paper 79-4
- An Alternate Method of Estimating the Cagan Money Demand Function in Hyperinflation Under Rational Expectations, Working Paper 79-5
- 1980s
- Evolution in Banking Competition, Working Paper 80-1
- Discount Window Borrowing, Monetary Policy, and the Post-October 6, 1979 Federal Reserve Operating Procedure, Working Paper 81-2
- A Historical Assessment of the Rationales and Functions of Reserve Requirements, Working Paper 83-1
- Measurement Error and a Reinterpretation of the Conventional Money Demand Regression, Working Paper 83-3
- The Behavior of the Spread Between Treasury Bill Rates and Private Money Market Rates Since 1978, Working Paper 83-4
- Monetary Policy in the Early 1980s, Working Paper 84-1
- The Formulation of Monetary Policy, Working Paper 84-2
- The Lender of Last Resort : A Historical Perspective, Working Paper 84-3
- A Weekly Perfect Foresight Model of the Nonborrowed Reserve Operating Procedure, Working Paper 84-4
- Fisher, Thornton and the Analysis of the Inflation Premium, Working Paper 84-5
- Defining and Improving the Accuracy of Macroeconomic Forecasts : Contributions from a Var Model, Working Paper 84-6
- Inadequate Tests of the Rationality of Expectations, Working Paper 84-7
- Informational Implications of Interest Rate Rules, Working Paper 84-8
- Base Drift and the Longer Run Growth of M1 : Experience from a Decade of Monetary Targeting, Working Paper 85-1
- Financial Innovation in the United States -- Background, Current Status and Prospects, Working Paper 85-2
- The Recent Financial Deregulation and the Interest Elasticity of the Simple M1 Demand Function : An Empirical Note, Working Paper 85-3
- Monetary Policy, Secrecy, and Federal Funds Rate Behavior, Working Paper 85-4
- The Effect of Second Generation Rent Controls on the Quality of Rental Housing, Working Paper 85-5
- Logit Analysis of the Effect of Rent Control on Housing Quality, Working Paper 85-6
- Monetary Mystique : Secrecy and Central Banking, Working Paper 85-7
- The Demand for Currency in the United States, Working Paper 86-1
- The Reaction of Interest Rates to Unanticipated Federal Reserve Actions and Statements, 1977-1984 : Implications for the Money Announcement Controversy, Working Paper 86-2
- Theoretical Analysis of the Demand for Money, Working Paper 86-3
- The Information Content of Discount Rate Announcements and Their Effect on Market Interest Rates, Working Paper 86-5
- A Critique of Theories of Money Stock Determination, Working Paper 86-6
- On Predicting the Stage of the Business Cycle, Working Paper 87-1
- Velocity and the Variability of Money Growth : Evidence from Granger-Causality Tests Reevaluated, Working Paper 87-2
- Interest Rate Smoothing and Price Level Trend-Stationarity, Working Paper 87-3
- The Economic Effects of Corporate Taxes in a Stochastic Growth Model, Working Paper 87-4
- Monetary Control Under Alternative Operating Procedures, Working Paper 87-5
- Aggregate Fluctuations and Economic Growth : A Case of Random-Walk Hypothesis, Working Paper 87-6
- Legal and Regulatory Reform in Electronic Payments : An Evaluation of Finality of Payment Rules, Working Paper 88-2
- Fifth District Indexes of Manufacturing Output, Working Paper 88-3
- The Effect of Changes in the Federal Funds Rate Target on Market Interest Rates in the 1970s, Working Paper 88-4
- Central Banking Under the Gold Standard, Working Paper 88-5
- Determinants of the Federal Funds Rate : 1979-1982, Working Paper 88-7
- An Analysis of the Determinants of the Yields on Individual Municipal Securities, Working Paper 88-8
- Wage Growth and the Inflation Process : An Empirical Note, Working Paper 89-1
- Cointegration and a Test of the Quantity Theory of Money, Working Paper 89-2
- The Feasibility of Market Value Accounting for Commercial Banks, Working Paper 89-4
- The Credibility of The Wall Street Journal in Reporting the Timing and Details of Monetary Policy Events, Working Paper 89-5
- 1990s
- 2000s
- 2010s
- 2020s
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1973-2024
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