-
-
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
-
-
-
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
-
-
-
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
-
-
| Members of the Research and Statistics Group publish in a wide range of economic and finance journals, conference volumes, and scholarly books. |
| Browse outside journals: | |||
|
|
|||
|
2011
|
| Macroeconomics and Growth |
| Tobias Adrian Comment on “Two Monetary Tools: Interest Rates and Haircuts,” by Adam Ashcraft, Nicolae Garleanu, and Lasse Heje Pedersen. With Erkko Etula. NBER Macroeconomics Annual 25, May: 143-80. |
| Vasco Cúrdia “The Central-Bank Balance Sheet as an Instrument of Monetary Policy,” with Michael Woodford. Journal of Monetary Economics 58, no. 1 (January): 54-79. Read the full text in ScienceDirect››  |
| Marco Del Negro “Bayesian Macroeconometrics,” with Frank Schorfheide. In John Geweke, Gary Koop, and Herman Van Dijk, eds., The Oxford Handbook of Bayesian Econometrics. Oxford: Oxford University Press. |
| Gauti Eggertsson Comment on “Price-Level Targeting and Stabilization Policy,” by Aleksander Berentsen and Christopher Waller. Journal of Money, Credit, and Banking 43, suppl. s2 (October): 581-8. |
| Stefano Eusepi “Expectations, Learning, and Business Cycle Fluctuations,” with Bruce Preston. American Economic Review 101, no. 6: 2844-72. |
| “Learning the Fiscal Theory of the Price Level: Some Consequences of Debt Management Policy,” with Bruce Preston. Journal of the Japanese and International Economy 25, no. 4 (December): 358-79. Read the full text in ScienceDirect›› |
| Stefano Eusepi and Andrea Tambalotti “CONDI: A Cost-of-Nominal-Distortions Index,” with Bart Hobijn. American Economic Journal: Macroeconomics 3, no. 3 (July): 53-91. |
| Linda Goldberg “Evolving Perceptions of the Credibility of a Central Bank: The European Central Bank Experience,” with Michael Klein. In Richard Clarida and Francesco Giavazzi, eds., NBER International Seminar on Macroeconomics 2010. Chicago: University of Chicago Press. |
| Antoine Martin “Monetary Policy Implementation Frameworks: A Comparative Analysis,” with Cyril Monnet. Macroeconomic Dynamics 15, no. 1 (April): 145-89. |
|
Emanuel Moench “A Hierarchical Factor Analysis of U.S. Housing Market Dynamics,” with Serena Ng. Econometrics Journal 14, no. 1 (February): 1-24. |
| Ayşegül Şahin “A Three-State Model of Worker Flows in General Equilibrium,” with Per Krusell, Toshihiko Mukoyama, and Richard Rogerson. Journal of Economic Theory 146, no. 3 (May): 1107-33. Read the full text in ScienceDirect›› |
| Comment on “Job Search, Emotional Well-Being, and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data,” by Alan Krueger and Andreas Mueller. Brookings Papers on Economic Activity, Spring: 1-57. |
| Andrea Tambalotti “Investment Shocks and the Relative Price of Investment,” with Alejandro Justiniano and Giorgio Primiceri. Review of Economic Dynamics 14, no. 1 (January): 101-21. Read the full text in ScienceDirect›› |
|
Giorgio Topa and Wilbert van der Klaauw |
| “Measuring Consumer Uncertainty about Future Inflation,” with Wändi Bruine de Bruin and Charles Manski. Journal of Applied Econometrics 26, no. 3 (April-May): 454-78. |
| International |
|
Mary Amiti |
| “Trade Finance and the Great Trade Collapse,” with David Weinstein and JaeBin Ahn. American Economic Review 101, May 2011. Papers and Proceedings of the 123rd Annual Meeting of the American Economic Association. |
|
Tobias Adrian and Jan Groen |
| Nicola Cetorelli and Linda Goldberg “Global Banks and International Shock Transmission: Evidence from the Crisis.” IMF Economic Review 59, no. 1 (April): 41-76. |
|
Jan Groen and Paolo Pesenti |
| Paolo Pesenti Comment on “The International Transmission of the Financial Crisis,” by Gian Maria Milesi-Ferretti. In Jean Pisani-Ferry, Adam Posen, and Fabrizio Saccomanni, eds., An Ocean Apart? Comparing Transatlantic Responses to the Financial Crisis. Brussels: Bruegel. |
| Microeconomics |
| Jaison Abel “Agglomeration of Knowledge,” with Todd Gabe. Urban Studies 48, no. 7 (May): 1353-71. |
| “Human Capital and Economic Activity in Urban America,” with Todd Gabe. Regional Studies 45, no. 8 (September): 1079-90. |
| Jaison Abel and Richard Deitz “Human Capital, Local Economic Development, and the Importance of Colleges and Universities.” Cornell University, Community and Regional Development Institute, New York Minute, no. 47, August. |
| Gara Afonso “Precautionary Demand and Liquidity in Payment Systems,” with Hyun Song Shin. Journal of Money, Credit, and Banking 43, suppl. 2 (October): 589-619. |
| Meta Brown “Real-Time Search in the Laboratory and the Market,” with Christopher Flinn and Andrew Schotter. American Economic Review 101, no. 2 (April): 948-74. |
| Adam Copeland “Inventories and the Automobile Market,” with George Hall and Wendy Dunn. RAND Journal of Economics 42, no. 1 (spring): 121-49. |
| “The Response of Prices, Sales, and Output to Temporary Changes in Demand,” with George Hall. Journal of Applied Econometrics 26, no. 2 (March): 232-69. |
|
David Lucca |
| Giorgio Topa and Wilbert van der Klaauw “Measuring Consumer Uncertainty about Future Inflation,” with Wändi Bruine de Bruin and Charles F. Manski. Journal of Applied Econometrics 26, no. 3 (April-May): 454-78. |
| Wilbert van der Klaauw “Economics Coursework and Long-Term Behavior and Experiences of College Graduates in Labor Markets and Personal Finance,” with Sam Allgood, William Bosshardt, and Michael Watts. Economic Inquiry 49, no. 3 (July): 771-94. |
| James Vickery “Credit Ratings and Security Prices in the Subprime MBS Market,” with Adam Ashcraft, Paul Goldsmith-Pinkham, and Peter Hull. American Economic Review 101, no. 3 (May 2011): 115-19. Papers and Proceedings of the 123rd Annual Meeting of the American Economic Association. |
|
Basit Zafar |
| “Can Subjective Expectations Data Be Used in Choice Models? Evidence on Cognitive Biases.” Journal of Applied Econometrics 26, no. 3 (April-May): 520-44. |
| “How Do College Students Form Expectations?” Journal of Labor Economics 29, no. 2 (April): 301-48. |
| Banking and Finance |
| Tobias Adrian “Financial Intermediary Balance-Sheet Management,” with Hyun Song Shin. Annual Review of Financial Economics 3, December: 289-307. |
| Gara Afonso “Liquidity and Congestion.” Journal of Financial Intermediation 20, no. 3 (July): 324-60. Read the full text in ScienceDirect›› |
| “Precautionary Demand and Liquidity in Payment Systems,” with Hyun Song Shin. Journal of Money, Credit, and Banking 43, suppl. s2 (October): 589-619 |
| Gara Afonso and Anna Kovner “Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis,” with Antoinette Schoar. Journal of Finance 66, no. 4 (August): 1109-39. |
| Gauti Eggertsson “What Fiscal Policy Is Effective at Zero Interest Rates?” NBER International Seminar on Macroeconomics 25, May: 59-112. |
| Andreas Fuster “Expectations as Endowments: Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments,” with Keith M. Marzilli Ericson. Quarterly Journal of Economics 126, no. 4 (November): 1879-907. |
| “Insuring Consumption Using Income-Linked Assets,” with Paul Willen. Review of Finance 15, no. 4 (October): 835-73. |
| Anna Kovner “The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking,” with Victoria Ivashina. Review of Financial Studies 24, no. 7 (July): 2462-98. |
| Todd Keister Comment on “Banking in a Matching Model of Money and Capital,” by Valerie R. Bencivenga and Gabriele Camera. Journal of Money, Credit, and Banking 43, suppl. s2 (October): 477-85. |
| Antoine Martin and David Skeie “Bank Liquidity, Interbank Markets, and Monetary Policy,” with Xavier Freixas. Review of Financial Studies 24, no. 8 (August): 2656-92. |
| James McAndrews and David Skeie “Precautionary Reserves and the Interbank Market,” with Adam Ashcraft. Journal of Money, Credit, and Banking 43, suppl. s2 (October): 311-48. |
| Hamid Mehran “Bank Capital and Value in the Cross-Section,” with Anjan Thakor. Review of Financial Studies 24, no. 4 (April): 1019-67. |
| “The Value of Bank Capital and the Structure of the Banking Industry,” with Franklin Allen and Paolo Fulghieri. Review of Financial Studies 24, no.4 (April): 971-82. |
|
Emanuel Moench “The Persistent Effects of a False News Shock,” with Carlos Carvalho and Nicholas Klagge. Journal of Empirical Finance 18, no. 4 (November): 597-615. Read the full text in ScienceDirect›› |
| João Santos “Bank Corporate Loan Pricing Policy following the Subprime Crisis.” Review of Financial Studies 24, no. 6 (June): 1916-43. |
| “Home-Country Bias: Does Domestic Experience Help Investors Enter Foreign Markets?” with Margarida Abreu and Victor Mendes. Journal of Banking and Finance 35, no. 9 (September): 2330-40. Read the full text in ScienceDirect›› |
| Asani Sarkar “Liquidity Dynamics and Cross-Autocorrelations,” with Avanidhar Subrahmanyam and Tarun Chordia. Journal of Financial and Quantitative Analysis 46, no. 3 (June): 709-36. |
| Joseph Tracy and James Vickery “A Private Lender Cooperative Model for Residential Mortgage Finance,” with Toni Dechario, Patricia Mosser, and Joshua Wright. In Susan Wachter and Marvin Smith, eds., The American Mortgage System: Crisis and Reform, 286-304. Philadelphia: University of Pennsylvania Press. |
| Zhenyu Wang “Performance Maximization of Actively Managed Funds,” with Paolo Guasoni and Gur Huberman. Journal of Financial Economics 101, no. 3 (September): 574-95. Read the full text in ScienceDirect›› |
| “Valuing the Treasury’s Capital Assistance Program,” with Paul Glasserman. Management Science 57, no. 7 (July): 1195-211. |
| Tanju Yorulmazer “Crisis Resolution and Bank Liquidity,” with Viral V. Acharya and Hyun Song Shin. Review of Financial Studies24, no. 6 (June): 2166-205. |
| “Rollover Risk and Market Freezes,” with Viral Acharya and Douglas Gale. Journal of Finance 66, no. 4 (August): 1177-209. |
| Quantitative Methods |
| Marco Del Negro and Stefano Eusepi “Fitting Observed Inflation Expectations.” Journal of Economic Dynamics and Control 35, no. 12 (December): 2105-31. |
| Simon Potter “Time-Varying VARs with Inequality Restrictions,” with Gary Koop. Journal of Economic Dynamics and Control 35, no. 7 (July): 1126-38. |
| “Understanding Liquidity and Credit Risks in the Financial Crisis,” with Deborah Gefang and Gary Koop. Journal of Empirical Finance 18, no. 5 (December): 903-14. Read the full text in ScienceDirect›› |
