Economic Policy Review

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The Review is a policy-oriented journal focusing on macroeconomic, banking, and financial market topics. It publishes new research by Federal Reserve Bank of New York economists, papers by affiliated economists, and the proceedings of Bank-sponsored conferences. The Review’s Executive Summaries series offers abridged versions of many articles.

Kenneth D. Garbade is the editor; Meta Brown, Richard Crump, Marco Del Negro, Jan Groen, Andrew Haughwout, and Stavros Peristiani are coeditors.

Browse the Economic Policy Review:  
2012 ARTICLES
Volume 18, Number 3 November
Download full bookPDF73 pages / 920 kb
Housing Busts and Household Mobility: An Update
Fernando Ferreira, Joseph Gyourko, and Joseph Tracy
Key Mechanics of the U.S. Tri-Party Repo Market
Adam Copeland, Darrell Duffie, Antoine Martin, and Susan McLaughlin
The Federal Reserve’s Term Asset-Backed Securities LoanFacility
Adam Ashcraft, Allan Malz, and Zoltan Pozsar
Volume 18, Number 2 July
Special Issue: The Evolution of Banks and Financial Intermediation
Download full bookPDF97 pages / 3328 kb

Press release
The Evolution of Banks and Financial Intermediation: Framing the Analysis
Nicola Cetorelli, Benjamin H. Mandel, and Lindsay Mollineaux
PDF12 pages / 655 kb
Regulation's Role in Bank Changes
Peter Olson
PDF8 pages / 72 kb
The Rise of the Originate-to-Distribute Model and the Role of Banks in Financial Intermediation
Vitaly M. Bord and João A. C. Santos
PDF14 pages / 662 kb
The Role of Bank Credit Enhancements in Securitization
Benjamin Mandel, Donald Morgan, and Chenyang Wei
PDF12 pages / 412 kb
The Role of Banks in Asset Securitization
Nicola Cetorelli and Stavros Peristiani
PDF17 pages / 504 kb
A Structural View of U.S. Bank Holding Companies
Dafna Avraham, Patricia Selvaggi, and James Vickery
PDF17 pages / 388 kb
PDF Online appendix10 pages / 142 kb
Evolution and Heterogeneity among Larger Bank Holding Companies: 1994 to 2010
Adam Copeland
PDF11 pages / 825 kb
Volume 18, Number 1 March
Download full bookPDF60 pages / 1864 kb
Settlement Liquidity and Monetary Policy Implementation—Lessons from the Financial Crisis
Morten L. Bech, Antoine Martin, and James McAndrews
The Microstructure of the TIPS Market
Michael J. Fleming and Neel Krishnan
Subprime Foreclosures and the 2005 Bankruptcy Reform
Donald P. Morgan, Benjamin Iverson, and Matthew Botsch