Listed below are the most sought after Research Group articles and papers from the New York Fed’s website and from the Bank’s page on the Social Science Research Network site.

New York Fed, second-quarter 2009:

• “Understanding the Securitization of Subprime Mortgage Credit,” by Adam B. Ashcraft and Til Schuermann (Staff Reports, no. 318, March 2008) – 3,626 downloads
  
  
• “The Yield Curve as a Predictor of U.S. Recessions,” by Arturo Estrella and Frederic S. Mishkin (Current Issues in Economics and Finance, vol. 2, no. 7, June 1996) – 2,796 downloads
  
  
• “The Yield Curve as a Leading Indicator: Some Practical Issues,” by Arturo Estrella and Mary R. Trubin (Current Issues in Economics and Finance, vol. 12, no. 5, July/August 2006) – 1,401 downloads

SSRN, second-quarter 2009:

• “Understanding the Securitization of Subprime Mortgage Credit,” by Adam B. Ashcraft and Til Schuermann (Staff Reports, no. 318, March 2008) – 1,219 downloads
  
  
• “Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies,” by Jonathan McCarthy (Staff Reports, no. 111, September 2000) – 239 downloads

• “Portfolio Credit Risk,” by Thomas C. Wilson (Economic Policy Review, vol. 4, no. 3, October 1998) – 202 downloads

For lists of the top-ten downloads, visit www.newyorkfed.org/research/
top_downloaded/index.html.