Publication:
Working Papers (Federal Reserve Bank of San Francisco)
1996-2023
These papers are written by San Francisco Fed economists, in some cases in collaboration with outside economists. They represent work prepared for later publication or presentation to professional meetings.
- 1990s
- 2000s
- Tax Reform with Useful Public Expenditures, Working Paper 1998-09
- Sterilization Costs and Exchange Rate Targeting, Working Paper No. PB99-03
- Monetary Union Expansion : The Role of Market Power in Trade, Working Paper 1999-04
- Is the Fed Too Timid? Monetary Policy in an Uncertain World, Working Paper 1999-05
- Fiscal Policy, Increasing Returns and Endogenous Fluctuations, Working Paper 1999-08
- Eurosystem Monetary Targeting : Lessons from U.S. Data, Working Paper 1999-13
- The Evolution of "Too-Big-to-Fail" Policy in Japan : Evidence from Japanese Equity Markets, Working Paper No. PB00-01
- Is Implied Correlation Worth Calculating? Evidence from Foreign Exchange Options and Historical Data, Working Paper 2000-02
- Fixed or Floating : Is It Still Possible to Manage in the Middle?, Working Paper No. PB00-02
- Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty, Working Paper 2000-03
- Pegging and Macroeconomic Performance in East Asia, Working Paper No. PB00-03
- Financial Turbulence and the Japanese Main Bank Relationship, Working Paper No. PB00-04
- Common Shocks and Currency Crises, Working Paper 2000-05
- Capital Controls and Exchange Rate Instability in Developing Economies, Working Paper No. PB00-05
- Inequality and Poverty in the United States : The Effects of Rising Male Wage Dispersion and Changing Family Behavior, Working Paper 2000-06
- Black-White Wage Inequality in the 1990s : A Decade of Progress, Working Paper 2000-07
- Bank Intermediation and Persistent Liquidity Effects in the Presence of a Frictionless Bond Market, Working Paper 2000-08
- Steps Toward Identifying Central Bank Policy Preferences, Working Paper 2000-13
- Solving for Optimal Simple rules in Rational Expectations Models, Working Paper 2000-14
- Growth Effects of Shifting From a Graduated-Rate Tax System to a Flat Tax, Working Paper 2000-15
- Learning About a Shift in Trend Output : Implications for Monetary Policy and Inflation, Working Paper 2000-16
- Asymmetric Cross-Sectional Dispersion in Stock Returns : Evidence and Implications, Working Paper 2000-18
- Term Premia and Interest Rate forecasts in Affine Models, Working Paper 2000-19
- Optimal Simple Targeting Rules for Small Open Economies, Working Paper 2000-20
- Evaluating Covariance Matrix Forecasts in a Value-at-Risk Framework, Working Paper 2000-21
- The Federal Reserve Banks' Imputed Cost of Equity Capital, Working Paper 2001-01
- Asian Finance and the Role of Bankruptcy, Working Paper No. PB01-01
- Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia, Working Paper 2001-02
- A Cure Worse than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs, Working Paper No. PB01-02
- Forward-Looking Behavior and Optimal Discretionary Monetary Policy, Working Paper 2001-03
- Financial Liberalization and Banking Crises in Emerging Economies, Working Paper No. PB01-03
- Inflation Taxes, Financial Intermediation, and Home Production, Working Paper 2001-04
- Financial Development and Growth : Are the APEC Nations Unique?, Working Paper No. PB01-04
- Solvency Runs, Sunspot Runs, and International Bailouts, Working Paper 2001-05
- Structural Changes and the Scope of Inflation Targeting in Korea, Working Paper No. PB01-05
- The Supplemental Security Income Program, Working Paper 2001-06
- Australian Growth : A California Perspective, Working Paper No. PB01-06
- Economic Outcomes of Working-Age People with Disabilities over the Business Cycle : An Examination of the 1980s and 1990s, Working Paper 2001-07
- The Impact of Japan's Financial Stabilization Laws on Bank Equity Values, Working Paper No. PB01-07
- The Policy Preferences of the US Federal Reserve, Working Paper 2001-08
- Factor Analysis of a Model of Stock Market Returns Using Simulation-Based Estimation Techniques, Working Paper No. PB01-08
- Optimal Policy in Rational-Expectations Models : New Solution Algorithms, Working Paper 2001-09
- Testing for Contagion Using Correlations : Some Words of Caution, Working Paper No. PB01-09
- Using Prices to Measure Productivity in a Two-Sector Growth Model, Working Paper 2001-10
- Foreign Exchange : Macro Puzzles, Micro Tools, Working Paper No. PB01-10
- Impact of Deposit Rate Deregulation in Hong Kong on the Market Value of Commercial Banks, Working Paper 2001-11
- The Political Economy of Foreign Bank Entry and its Impact : Theory and a Case Study, Working Paper No. PB01-11
- The Disposition of Failed Bank Assets : Put Guarantees or Loss-Sharing Arrangements?, Working Paper 2001-12
- Is Money Still Useful for Policy in East Asia?, Working Paper No. PB01-12
- Does a Currency Union Affect Trade? The Time Series Evidence, Working Paper 2001-13
- Incorporating Equity Market Information into Supervisory Monitoring Models, Working Paper 2001-14
- Small Businesses and Computers : Adoption and Performance, Working Paper 2001-15
- Quantifying Embodied Technological Change, Working Paper 2001-16
- Is Embodied Technology the Result of Upstream R&D? Industry-Level Evidence, Working Paper 2001-17
- Embodying Embodiment in a Structural, Macroeconomic Input-Output Model, Working Paper 2001-18
- Pre-commitment, the Timeless Perspective, and Policymaking from Behind a Veil of Uncertainty, Working Paper 2001-19
- The Employment of Working-Age People with Disabilities in the 1980s and 1990s : What Current Data Can and Cannot Tell Us, Working Paper 2001-20
- Operating Performance of Banks Among Asian Economies : An International and Time Series Comparison, Working Paper 2002-01
- Assessing the Lucas Critique in Monetary Policy Models, Working Paper 2002-02
- How Bad Are Twins? Output Costs of Currency and Banking Crises, Working Paper No. PB02-02
- Investment, Capacity, and Uncertainty : A Putty-Clay Approach, Working Paper 2002-03
- Sudden Stops and the Mexican Wave : Currency Crises, Capital Flow Reversals, and Output Loss in Emerging Markets, Working Paper No. PB02-03
- Imperfect Knowledge, Inflation Expectations, and Monetary Policy, Working Paper 2002-04
- On Discretion versus Commitment and the Role of the Direct Exchange Rate Channel in a Forward-Looking Open Economy Model, Working Paper No. PB02-04
- The Empirical Relationship between Average Asset Correlation, Firm Probability of Default and Asset Size, Working Paper 2002-05
- Financial Structure and Macroeconomic Performance Over the Short and Long Run, Working Paper No. PB02-05
- Macro Factors and the Affine Term Structure of Interest Rates, Working Paper 2002-06
- Are Crisis-Induced Devaluations Contractionary?, Working Paper No. PB02-06
- Monetary Policy and the Slope Factor in Empirical Term Structure Estimations, Working Paper 2002-07
- Post-Crisis Exchange Rate Policy in Five Asian Countries : Filling In the 'Hollow Middle'?, Working Paper No. PB02-07
- Stylized Facts on Nominal Term Structure and Business Cycles : An Empirical VAR Study, Working Paper 2002-08
- The High Demand for International Reserves in the Far East : What's Going On?, Working Paper No. PB02-08
- A Gravity Model of Sovereign Lending : Trade, Default and Credit, Working Paper 2002-09
- The Value of Banking Relationships during a Financial Crisis : Evidence from Failures of Japanese Banks, Working Paper No. PB02-09
- How Important Is Precommitment for Monetary Policy?, Working Paper 2002-10
- Financial Intermediation, Agency and Collateral and the Dynamics of Banking Crises : Theory and Evidence for the Japanese Banking Crisis, Working Paper No. PB02-10
- A Theory of Endogenous Nontradability and its Implications for Intertemporal Trade, Working Paper 2002-11
- Loans to Japanese Borrowers, Working Paper No. PB02-11
- Estimating the Euler Equation for Output, Working Paper 2002-12
- Statistical Nonlinearities in the Business Cycle : A Challenge for the Canonical RBC Model, Working Paper 2002-13
- The X-Efficiency of Commercial Banks in Hong Kong, Working Paper 2002-14
- The Impact of Financial Frictions on a Small Open Economy : When Current Account Borrowing Hits a Limit, Working Paper 2002-15
- Network Externalities and Technology Adoption : Lessons from Electronic Payments, Working Paper 2002-16
- Learning and the Value of Information : The Case of Health Plan Report Cards, Working Paper 2002-17
- Bayesian Inference for Hospital Quality in a Selection Model, Working Paper 2002-18
- Exploring the Role of the Real Exchange Rate in Australian Monetary Policy, Working Paper 2002-19
- The Supplemental Income Program, Working Paper 2002-20
- United States Disability Policy in a Changing Environment, Working Paper 2002-21
- Self-Reported Work Limitation Data : What They Can and Cannot Tell Us, Working Paper 2002-22
- Nonlinearities in International Business Cycles, Working Paper 2002-23
- Employment Declines Among People with Disabilities : Population Movements, Isolated Experience, or Broad Policy Concern?, Working Paper 2002-24
- Robust Monetary Policy Rules with Unknown Natural Rates, Working Paper 2003-01
- Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan, Working Paper No. PB03-01
- Human Capital and Technology Diffusion, Working Paper 2003-02
- Macroeconomic Effects of IMF-Sponsored Programs in Latin America : Output Costs, Program Recidivism, and the Vicious Cycle of Failed Stabilizations, Working Paper No. PB03-02
- Mortgages as Recursive Contracts, Working Paper 2003-03
- Determinants of Voluntary Bank Disclosure : Evidence from Japanese Shinkin Banks, Working Paper No. PB03-03
- Importing Technology, Working Paper 2003-04
- Gaucho Banking Redux, Working Paper No. PB03-04
- Inferring Policy Objectives from Economic Outcomes, Working Paper 2003-05
- Crisis Resolution : Next Steps, Working Paper No. PB03-05
- Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI, Working Paper 2003-06
- Currency Boards, Dollarized Liabilities, and Monetary Policy Credibility, Working Paper 2003-07
- Military Expenditure, Threats, and Growth, Working Paper 2003-08
- Endogenous Tradability and Macroeconomic Implications, Working Paper 2003-09
- Robust Monetary Policy with Competing Reference Models, Working Paper 2003-10
- Inflation Scares and Forecast-Based Monetary Policy, Working Paper 2003-11
- Left Behind : SSI in the Era of Welfare Reform, Working Paper 2003-12
- Prices for Local Area Network Equipment, Working Paper 2003-13
- When Do Matched-Model and Hedonic Techniques Yield Similar Price Measures?, Working Paper 2003-14
- Communications Equipment : What Has Happened to Prices?, Working Paper 2003-15
- New Keynesian Optimal-Policy Models : An Empirical Assessment, Working Paper 2003-16
- A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy, Working Paper 2003-17
- The Macroeconomy and the Yield Curve : A Dynamic Latent Factor Approach, Working Paper 2003-18
- IT Investment and Firm Performance in U.S. Retail Trade, Working Paper 2003-19
- How Fast Do Personal Computers Depreciate? Concepts and New Estimates, Working Paper 2003-20
- The Responses of Wages and Prices to Technology Shocks, Working Paper 2003-21
- How Workers Fare When Employers Innovate, Working Paper 2003-22
- What's Driving the New Economy? : The Benefits of Workplace Innovation, Working Paper 2003-23
- The Decline of Activist Stabilization Policy : Natural Rate Misperceptions, Learning, and Expectations, Working Paper 2003-24
- Does Regional Economic Performance Affect Bank Conditions? New Analysis of an Old Question, Working Paper 2004-01
- The Improving Relative Status of Black Men, Working Paper 2004-02
- Evaluating Interest Rate Covariance Models within a Value-at-Risk Framework, Working Paper 2004-03
- Learning and Shifts in Long-Run Productivity Growth, Working Paper 2004-04
- Using Securities Marked Information for Bank Supervisory Monitoring, Working Paper 2004-05
- Lock-in of Extrapolative Expectations in and Asset Pricing Model, Working Paper 2004-06
- Monetary and Financial Integration : Evidence from Portuguese Borrowing Patterns, Working Paper 2004-07
- Productivity, Tradability, and the Long-Run Price Puzzle, Working Paper 2004-08
- Consumer Sentiment, the Economy, and the News Media, Working Paper 2004-09
- Time Varying Equilibrium Real Rates and Monetary Policy Analysis, Working Paper 2004-10
- Robust Estimation and Monetary Policy with Unobserved Structural Change, Working Paper 2004-11
- Why the Apple Doesn't Fall Far : Understanding Intergenerational Transmission of Human Capital, Working Paper 2004-12
- IT and Beyond : The Contribution of Heterogenous Capital to Productivity, Working Paper 2004-13
- Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan, Working Paper 2004-14
- Currency Crises, Capital Account Liberalization, and Selection Bias, Working Paper 2004-15
- Asset Price Declines and Real Estate Market Illiquidity : Evidence from Japanese Land Values, Working Paper 2004-16
- Specifying and Estimating New Keynesian Models with Instrument Rules and Optimal Monetary Policies, Working Paper 2004-17
- The Ins and Outs of Poverty in Advanced Economies : Poverty Dynamics in Canada, Germany, Great Britain, and the United States, Working Paper 2004-18
- Testing the Strong-Form of Market Discipline : The Effects of Public Market Signals on Bank Risk, Working Paper 2004-19
- Financial Contracting and the Choice between Private Placement and Publicly Offered Bonds, Working Paper 2004-20
- Investment Behavior of U.S. Firms over Heterogenous Capital Goods : A Snapshot, Working Paper 2004-21
- Using a Long-Term Interest Rate as the Monetary Policy Instrument, Working Paper 2004-22
- Implications of Intellectual Property Rights for Dynamic Gains from Trade, Working Paper 2004-23
- North-South Technological Diffusion : A New Case for Dynamic Gains from Trade, Working Paper 2004-24
- The Recent Shift in Term Structure Behavior from a No-Arbitrage Macro-Finance Perspective, Working Paper 2004-25
- Deposit Insurance, Regulatory Forbearance and Economic Growth : Implications for the Japanese Banking Crisis, Working Paper 2004-26
- Market Price Accounting and Depositor Discipline in Japanese Regional Banks, Working Paper 2004-27
- When in Peril, Retrench : Testing the Portfolio Channel of Contagion, Working Paper 2004-28
- How Do Trade and Financial Integration Affect the Relationship between Growth and Volatility?, Working Paper 2004-29
- Monetary Policy and the Currency Denomination of Debt : A Tale of Two Equilibria, Working Paper 2004-30
- Defaultable Debt, Interest Rates, and the Current Account, Working Paper 2004-31
- Country Spreads and Emerging Countries : Who Drives Whom?, Working Paper 2004-32
- Putting the Brakes on Sudden Stops : The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees, Working Paper 2004-33
- Private Capital Flows, Capital Controls, and Default Risk, Working Paper 2004-34
- Dollar Bloc or Dollar Block : External Currency Pricing and the East Asian Crisis, Working Paper 2004-35
- Welfare Consequences of ATM Surcharges : Evidence from a Structural Entry Model, Working Paper 2005-01
- On Using Relative Prices to Measure Capital-Specific Technological Progress, Working Paper 2005-02
- Government Consumption Expenditures and the Current Account, Working Paper 2005-03
- Modeling Bond Yields in Finance and Macroeconomics, Working Paper 2005-04
- Offshore Financial Centers : Parasites or Symbionts?, Working Paper 2005-05
- Alternative Measures of the Federal Reserve Banks' Cost of Equity Capital, Working Paper 2005-06
- Exchange Rate Overshooting and the Costs of Floating, Working Paper 2005-07
- Beggar thy Neighbor? The In-State vs. Out-of-State Impact of State R&D Tax Credits, Working Paper 2005-08
- How Have Borrowers Fared in Banking Mega-mergers?, Working Paper 2005-09
- Maintenance Expenditures and Indeterminacy under Increasing Returns to Scale, Working Paper 2005-10
- Collateral Damage : Trade Disruption and the Economic Impact of War, Working Paper 2005-11
- The IMF in a World of Private Capital Markets, [Working Paper 2005-12]
- Tradability, Productivity, and Understanding International Economic Integration, Working Paper 2005-13
- The Value of Knowledge Spillovers, Working Paper 2005-14
- Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models, Working Paper 2005-15
- Government Employment Expenditure and the Effects of Fiscal Policy Shocks, Working Paper 2005-16
- Monetary Policy with Imperfect Knowledge, Working Paper 2005-17
- Relative Productivity Growth and the Secular "Decline" of U.S. Manufacturing, Working Paper 2005-18
- Monetary Policy Inertia : Fact or Fiction?, Working Paper 2005-19
- Robust Control with Commitment : A Modification to Hansen-Sargent, Working Paper 2005-20
- Trend Breaks, Long-Run Restrictions, and the Contractionary Effects of Technology Improvements, Working Paper 2005-21
- Empirical Analysis of the Average Asset Correlation for Real Estate Investment Trusts, Working Paper 2005-22
- Markov Perfect Industry Dynamics with Many Firms, Working Paper 2005-23
- Optimal Nonlinear Policy : Signal Extraction with a Non-Normal Prior, Working Paper 2005-24
- Why Has the U.S. Beveridge Curve Shifted Back? New Evidence Using Regional Data, Working Paper 2005-25
- Macroeconomic Derivatives : An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risks, Working Paper 2005-26
- Higher-Order Perturbation Solutions to Dynamic, Discrete-Time Rational Expectations Models, Working Paper 2006-01
- Monetary Policy Shocks, Inventory Dynamics, and Price-setting Behavior, Working Paper 2006-02
- Could Capital Gains Smooth a Current Account Rebalancing?, Working Paper 2006-03
- Market-Based Measures of Monetary Policy Expectations, Working Paper 2006-04
- Sovereign Debt, Volatility, and Insurance, Working Paper 2006-05
- Five Open Questions about Prediction Markets, Working Paper 2006-06
- Pegged Exchange Rate Regimes — A Trap?, Working Paper 2006-07
- Partisan Impacts on the Economy : Evidence from Prediction Markets and Close Elections, Working Paper 2006-08
- Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the U.S., U.K., and Sweden, Working Paper 2006-09
- Methods for Robust Control, Working Paper 2006-10
- Interpreting Prediction Market Prices as Probabilities, Working Paper 2006-11
- Keeping Up with the Joneses and Staying Ahead of the Smiths : Evidence from Suicide Data, Working Paper 2006-12
- Are There Productivity Spillovers from Foreign Direct Investment in China?, Working Paper 2006-13
- Inflation Targeting under Imperfect Knowledge, Working Paper 2006-14
- Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve, Working Paper 2006-15
- The Bond Yield "Conundrum" from a Macro-Finance Perspective, Working Paper 2006-16
- Measuring the Miracle : Market Imperfections and Asia's Growth Experience, Working Paper 2006-17
- Labor Supply and Personal Computer Adoption, Working Paper 2006-18
- Quantitative Easing and Japanese Bank Equity Values, Working Paper 2006-19
- The Relative Price and Relative Productivity Channels for Aggregate Fluctuations, Working Paper 2006-20
- Sovereign Debt Crises and Credit to the Private Sector, Working Paper 2006-21
- The Frequency of Price Adjustment Viewed Through the Lens of Aggregate Data, Working Paper 2006-22
- Futures Prices as Risk-Adjusted Forecasts of Monetary Policy, Working Paper 2006-23
- Endogenous Skill Bias in Technology Adoption : City-Level Evidence from the IT Revolution, Working Paper 2006-24
- Did Foreign Direct Investment Put an Upward Pressure on Wages in China?, Working Paper 2006-25
- Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement, Working Paper 2006-26
- Safe and Sound Banking, 20 Years Later : What Was Proposed and What Has Been Adopted, Working Paper 2006-27
- Measuring Oil-Price Shocks Using Market-Based Information, Working Paper 2006-28
- Information and Communications Technology as a General-Purpose Technology : Evidence from U.S. Industry Data, Working Paper 2006-29
- Monetary Policy in a Low Inflation Economy with Learning, Working Paper 2006-30
- Revealing the Secrets of the Temple : The Value of Publishing Central Bank Interest Rate Projections, Working Paper 2006-31
- Moderate Inflation and the Deflation-Depression Link, Working Paper 2006-32
- Non-Economic Engagement and International Exchange : The Case of Environmental Treaties, Working Paper 2006-33
- Computer Use and the U.S. Wage Distribution, 1984-2003, Working Paper 2006-34
- Incomplete Information Processing : A Solution to the Forward Discount Puzzle, Working Paper 2006-35
- Dual Labor Markets and Business Cycles, Working Paper 2006-36
- A Quantitative Analysis of China's Structural Transformation, Working Paper 2006-37
- The U.S. Current Account Deficit and the Expected Share of World Output, Working Paper 2006-38
- Saving and Interest Rates in Japan : Why They Have Fallen and Why They Will Remain Low, Working Paper 2006-39
- Global Current Account Adjustment : A Decomposition, Working Paper 2006-40
- Exchange-Rate Effects on China's Trade : An Interim Report, Working Paper 2006-41
- Evidence on the Costs and Benefits of Bond IPOs, Working Paper 2006-42
- The Impact of Divorce Laws on Marriage-Specific Capital, Working Paper 2006-43
- Beyond the Classroom : Using Title IX to Measure the Return to High School Sports, Working Paper 2006-44
- Foreign Bank Lending and Bond Underwriting in Japan During the Lost Decade, Working Paper 2006-45
- Macroeconomic Implications of Changes in the Term Premium, Working Paper 2006-46
- State Investment Tax Incentives : A Zero-Sum Game?, Working Paper 2006-47
- Unemployment Insurance and the Uninsured, Working Paper 2006-48
- State Investment Tax Incentives : What Are the Facts?, Working Paper 2006-49
- Global Price Dispersion : Are Prices Converging or Diverging?, Working Paper 2006-50
- Wealth Effects out of Financial and Housing Wealth : Cross Country and Age Group Comparisons, Working Paper 2007-01
- Currency Crises and Foreign Credit in Emerging Markets : Credit Crunch or Demand Effect?, Working Paper 2007-02
- Marriage and Divorce : Changes and Their Driving Forces, Working Paper 2007-03
- Monetary Policy in a Small Open Economy with a Preference for Robustness, Working Paper 2007-04
- Innovations in Mortgage Markets and Increased Spending on Housing, Working Paper 2007-05
- Productivity Shocks in a Model with Vintage Capital and Heterogeneous Labor, Working Paper 2007-06
- Market Power and Relationships in Small Business Lending, Working Paper 2007-07
- Robust Monetary Policy with Imperfect Knowledge, Working Paper 2007-08
- Rational and Near-Rational Bubbles Without Drift, Working Paper 2007-10
- Welfare-Maximizing Monetary Policy under Parameter Uncertainty, Working Paper 2007-11
- The Composition of Capital Inflows when Emerging Market Firms Face Financing Constraints, Working Paper 2007-13
- Empirical Analysis of Corporate Credit Lines, Working Paper 2007-14
- Real Wage Cyclicality in the PSID, Working Paper 2007-15
- Forecasting Recessions : The Puzzle of the Enduring Power of the Yield Curve, Working Paper 2007-16
- Do Countries Default in "Bad Times"?, Working Paper 2007-17
- Imperfect Information, Self-Selection and the Market for Higher Education, Working Paper 2007-18
- Learning and Optimal Monetary Policy, Working Paper 2007-19
- Regional Economic Conditions and the Variability of Rates of Return in Commercial Banking, Working Paper 2007-21
- Determinants of Access to External Finance : Evidence from Spanish Firms, Working Paper 2007-22
- How Does Competition Impact Bank Risk-Taking?, Working Paper 2007-23
- Convergence and Anchoring of Yield Curves in the Euro Area, Working Paper 2007-24
- Examining the Bond Premium Puzzle with a DSGE Model, Working Paper 2007-25
- Pricing-to-Market, Trade Costs, and International Relative Prices, Working Paper 2007-26
- The International Dimension of U.S. Expansions : A Structural VAR Analysis, Working Paper 2007-27
- The Determinants of Household Saving in China : A Dynamic Panel Analysis of Provincial Data, Working Paper 2007-28
- Optimal Reserve Management and Sovereign Debt, Working Paper 2007-29
- Financial Integration in East Asia, Working Paper 2007-30
- Capital Controls : Myth and Reality, A Portfolio Balance Approach to Capital Controls, Working Paper 2007-31
- Capital Account Liberalization : Theory, Evidence, and Speculation, Working Paper 2007-32
- Subprime Mortgage Delinquency Rates, Working Paper 2007-33
- International Financial Remoteness and Macroeconomic Volatility, Working Paper 2008-01
- Takeoffs, Working Paper 2008-02
- A Black Swan in the Money Market, Working Paper 2008-04
- Learning, Expectations Formation, and the Pitfalls of Optimal Control Monetary Policy, Working Paper 2008-05
- Capital-Labor Substitution and Equilibrium Indeterminacy, Working Paper 2008-06
- An Arbitrage-Free Generalized Nelson-Siegel Term Structure Model, Working Paper 2008-07
- Imperfect Knowledge and the Pitfalls of Optimal Control Monetary Policy, Working Paper 2008-09
- Financial Globalization and Monetary Policy Discipline : A Survey with New Evidence from Financial Remoteness, Working Paper 2008-10
- Monetary and Financial Integration in the EMU : Push or Pull?, Working Paper 2008-11
- Climate Change and Housing Prices : Hedonic Estimates for Ski Resorts in Western North America, Working Paper 2008-12
- Understanding Changes in Exchange Rate Pass-Through, Working Paper 2008-13
- Do Banks Price their Informational Monopoly?, Working Paper 2008-14
- Sterilization, Monetary Policy, and Global Financial Integration, Working Paper 2008-15
- The Adjustment of Global External Balances : Does Partial Exchange Rate Pass-Through to Trade Prices Matter?, Working Paper 2008-16
- Loan Officers and Relationship Lending to SMEs, Working Paper 2008-17
- Learning, Adaptive Expectations, and Technology Shocks, Working Paper 2008-18
- Happiness, Unhappiness, and Suicide : An Empirical Assessment, Working Paper 2008-19
- Who Drove the Boom in Euro-Denominated Bond Issues?, Working Paper 2008-20
- Asymmetric Expectation Effects of Regime Shifts in Monetary Policy, Working Paper 2008-22
- How Much of South Korea's Growth Miracle Can Be Explained by Trade Policy?, Working Paper 2008-23
- Inventories, Lumpy Trade, and Large Devaluations, Working Paper 2008-24
- When Bonds Matter : Home Bias in Goods and Assets, Working Paper 2008-25
- Current Account Dynamics and Monetary Policy, Working Paper 2008-26
- Why Do Foreigners Invest in the United States?, Working Paper 2008-27
- China's Exporters and Importers : Firms, Products, and Trade Partners, Working Paper 2008-28
- Exporting Deflation? Chinese Exports and Japanese Prices, Working Paper 2008-29
- The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks, Working Paper 2008-31
- Navigating the Trilemma : Capital Flows and Monetary Policy in China, Working Paper 2008-32
- Sovereign Wealth Funds : Stylized Facts about their Determinance and Governance, Working Paper 2008-33
- Consumption-Habits in a New Keynesian Business Cycle Model, Working Paper 2008-35
- EAD Calibration for Corporate Credit Lines, Working Paper 2009-02
- CONDI : A Cost-of-Nominal-Distortions Index, Working Paper 2009-03
- What Do We Know and Not Know About Potential Output?, Working Paper 2009-05
- The Olympic Effect, Working Paper 2009-06
- The International Dimension of Productivity and Demand Shocks in the U.S. Economy, Working Paper 2009-09
- The Paradox of Declining Female Happiness, Working Paper 2009-11
- The Welfare Consequences of Monetary Policy and the Role of the Labor Market : A Tax Interpretation, Working Paper 2009-12
- Do Central Bank Liquidity Facilities Affect Interbank Lending Rates?, Working Paper 2009-13
- Foreign Entry into Underwriting Services : Evidence from Japan's "Big Bang" Deregulation, Working Paper 2009-14
- Welfare-based Optimal Monetary Policy with Unemployment and Sticky Prices : A Linear-Quadratic Framework, Working Paper 2009-15
- Monetary Policy Response to Oil Price Shocks, Working Paper 2009-16
- Cross-Country Causes and Consequences of the 2008 Crisis : Early Warning, Working Paper 2009-17
- Cross-Country Causes and Consequences of the 2008 Crisis : International Linkages and American Exposure, Working Paper 2009-18
- Household Inflation Experiences in the U.S. : A Comprehensive Approach, Working Paper 2009-19
- Mortgage Default and Mortgage Valuation, Working Paper 2009-20
- A State Level Database for the Manufacturing Sector : Construction and Sources, Working Paper 2009-21
- Heeding Daedalus : Optimal Inflation and the Zero Lower Bound, Working Paper 2009-23
- The Role of Capital Service-Life in a Model with Heterogenous Labor and Vintage Capital, Working Paper 2009-24
- A Theory of Banks, Bonds, and the Distribution of Firm Size, Working Paper 2009-25
- Risk Aversion, the Labor Margin, and Asset Pricing in DSGE Models, Working Paper 2009-26
- Financial Choice in a Non-Ricardian Model of Trade, Working Paper 2009-27
- Do Credit Constraints Amplify Macroeconomic Fluctuations?, Working Paper 2009-28
- Macro-Finance Models of Interest Rates and the Economy, Working Paper 2010-01
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1996-2023
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