Revised Staff Reports

Technical working papers revised to incorporate new data, comments from outside readers, and refinements to the line of argument. The new version of the staff report retains the original production number, but carries the date of revision as well as the original date of release.
Available only online
Browse revised staff reports:
Staff Reports Revised in 2012
Exchange Rate Pass-Through, Markups, and Inventories
Adam Copeland and James A. Kahn
December 2012Number 584
Revised December 2012
An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
Michael Fleming, John Jackson, Ada Li, Asani Sarkar, and Patricia Zobel
March 2012Number 557
Revised October 2012
Is There an S&P 500 Index Effect?
Maria Kasch and Asani Sarkar
February 2011Number 484
Revised November 2012
An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
Michael Fleming, John Jackson, Ada Li, Asani Sarkar, and Patricia Zobel
March 2012Number 557
Revised October 2012
Repo and Securities Lending
Tobias Adrian, Brian Begalle, Adam Copeland, and Antoine Martin
December 2011Number 529
Revised November 2012
An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
Michael Fleming, John Jackson, Ada Li, Asani Sarkar, and Patricia Zobel
March 2012Number 557
Revised October 2012
The Supply Side of the Housing Boom and Bust of the 2000s
Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy
March 2012Number 556
Revised October 2012
Intermediary Leverage Cycles and Financial Stability
Tobias Adrian and Nina Boyarchenko
August 2012Number 567
Revised October 2012
Precarious Slopes? The Great Recession, Federal Stimulus, and New Jersey Schools
Rajashri Chakrabarti and Sarah Sutherland
January 2012Number 538
Revised September 2012
Deficits, Public Debt Dynamics, and Tax and Spending Multipliers
Matthew Denes, Gauti B. Eggertsson, and Sophia Gilbukh
February 2012Number 551
Revised September 2012
Is There an S&P 500 Index Effect?
Previous title: Comovement Revisited
Maria Kasch and Asani Sarkar
February 2011Number 484
Revised September 2012
Effect of Constraints on Tiebout Competition: Evidence from the Michigan School Finance Reform
Rajashri Chakrabarti and Joydeep Roy
September 2010Number 471
Revised August 2012
Bailouts and Financial Fragility
Todd Keister
September 2010Number 473
Revised July 2012
Early Contract Renegotiation: An Analysis of U.S. Labor Contracts from 1970 to 1995
Robert Rich and Joseph Tracy
October 2011Number 521
Revised July 2012
Missing Import Price Changes and Low Exchange Rate Pass-Through
Previous title: The Hitchhiker's Guide to Missing Import Price Changes and Pass-Through
Etienne Gagnon, Benjamin R. Mandel, and Robert J. Vigfusson
January 2012 Number 537
Revised July 2012
The Pre-FOMC Announcement Drift
David O. Lucca and Emanuel Moench
September 2011Number 512
Revised June 2012
Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09
Tobias Adrian, Paolo Colla, and Hyun Song Shin
December 2011Number 528
Revised June 2012
Real-Time Inflation Forecasting in a Changing World
Jan J. J. Groen, Richard Paap, and Francesco Ravazzolo
August 2009Number 388
Revised May 2012
Model Selection Criteria for Factor-Augmented Regressions
Jan J. J. Groen and George Kapetanios
August 2008Number 363
Revised May 2012
Pricing the Term Structure with Linear Regressions
Tobias Adrian, Richard K. Crump, and Emanuel Moench
August 2008Number 340
Revised May 2012

Liquidity Management of U.S. Global Banks: Internal Capital Markets in the Great Recession
Nicola Cetorelli and Linda Goldberg
August 2011Number 511
Revised May 2012

Financial Intermediaries and the Cross-Section of Asset Returns
Tobias Adrian, Erkko Etula, and Tyler Muir
August 2008Number 464
Revised March 2012
Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09
Tobias Adrian, Paolo Colla, and Hyun Song Shin
December 2011Number 528
Revised March 2012
Efficient, Regression-Based Estimation of Dynamic Asset Pricing Models
Tobias Adrian, Richard K. Crump, and Emanuel Moench
May 2011Number 493
Revised March 2012
The Price Is Right: Updating of Inflation Expectations in a Randomized Price Information Experiment
Olivier Armantier, Scott Nelson, Giorgio Topa, Wilbert van der Klaauw, and Basit Zafar
January 2012Number 543
Revised March 2012

Repo Runs: Evidence from the Tri-Party Repo Market
Adam Copeland, Antoine Martin, and Michael Walker
July 2011Number 506
Revised March 2012

Procyclical Leverage and Value-at-Risk
Tobias Adrian and Hyun Song Shin
July 2008Number 338
Revised March 2012
Shadow Banking
Zoltan Pozsar, Tobias Adrian, Adam Ashcraft, and Hayley Boesky
July 2010Number 458
Revised February 2012
House Price Booms, Current Account Deficits, and Low Interest Rates
Andrea Ferrero
January 2012Number 541
Revised February 2012
A Structural Approach to Identifying the Sources of Local Currency Price Stability
Pinelopi Koujianou Goldberg and Rebecca Hellerstein
June 2007Number 287
Revised February 2012
Corporate Governance of Financial Institutions
Hamid Mehran and Lindsay Mollineaux
January 2012Number 539
Revised February 2012
Repo Runs
Antoine Martin, David Skeie, and Ernst-Ludwig von Thadden
April 2010Number 444
Revised January 2012