Staff Reports
Technical working papers intended for publication in leading finance and economics journals. The Research Papers series predated StaffReports and was discontinued in 1998. Both series are available only online.
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2001 Staff Reports
One Reason Countries Pay Their Debts: Renegotiation and International Trade
Andrew K. Rose
December  Number 142
Common Determinants of Bond and Stock Market Liquidity: The Impact of Financial Crises, Monetary Policy, and Mutual Fund Flows
Tarun Chordia, Asani Sarkar, and Avanidhar Subrahmanyam
December  Number 141
Specialization and the Volume of Trade: Do the Data Obey the Laws?
James Harrigan
November  Number 140
Is Equipment Price Deflation A Statistical Artifact?
Bart Hobijn
November  Number 139
Are Bank Shareholders Enemies of Regulators or a Potential Source of Market Discipline?
Sangkyun Park and Stavros Peristiani
September  Number 138
Does Foreign Ownership Contribute to Sounder Banks in Emerging Markets?
The Latin American Experience

Jennifer S. Crystal, B. Gerard Dages, and Linda S. Goldberg
September  Number 137
New Evidence on the Lending Channel
Adam B. Ashcraft
September  Number 136
The Overnight Interbank Market: Evidence from the G-7 and the Euro Zone
Alessandro Prati, Leonardo Bartolini, and Giuseppe Bertola
September  Number 135
Forecasting Recessions Using the Yield Curve
Marcelle Chauvet and Simon Potter
August  Number 134
Measuring Treasury Market Liquidity
Michael J. Fleming
August  Number 133
Markov Switching in Disaggregate Unemployment Rates
Marcelle Chauvet, Chinhui Juhn, and Simon Potter
June  Number 132
A Primer on the Economics and Time Series Econometrics of Wealth Effects: A Comment
Martin Lettau, Sydney Ludvigson, and Nathan Barczi
May  Number 131
Idiosyncratic Risk and Volatility Bounds, or Can Models With Idiosyncratic Risk Solve the Equity PremiumPuzzle?
Martin Lettau
May  Number 130
Bank Integration and Business Volatility
Donald Morgan, Bertrand Rime, and Philip Strahan
May  Number 129
Home Bias in Trade: Location or Foreign-ness?
Carolyn L. Evans
May  Number 128
Border Effects and the Availability of Domestic Products Abroad
Carolyn L. Evans
May  Number 127
Recent Changes in the U.S. Business Cycle
Marcelle Chauvet and Simon Potter
May  Number 126
Currency Orders and Exchange-Rate Dynamics: Explaining the Success of Technical Analysis
Carol L. Osler
April  Number 125
International Dimensions of Optimal Monetary Policy
Giancarlo Corsetti and Paolo Pesenti
April  Number 124
How Do Stock Repurchases Affect Bank Holding Company Performance?
Beverly Hirtle
April  Number 123
Productivity: What Is It, and Why Do We Care about It?
Charles Steindel and Kevin Stiroh
April  Number 122
Gender Differences in the Labor Market Effects of the Dollar
Linda Goldberg and Joseph Tracy
April  Number 121
Financial Market Implications of the Federal Debt Paydown
Michael J. Fleming
March  Number 120
When Is U.S. Bank Lending to Emerging Markets Volatile?
Linda S. Goldberg
March  Number 119
What's Driving the New Economy? The Benefits of Workplace Innovation
Sandra E. Black and Lisa M. Lynch
March  Number 118
Structural Change in U.S. Wage Determination
Robert W. Rich and Donald Rissmiller
March  Number 117
Exchange Rates and Wages
Linda Goldberg and Joseph Tracy
February  Number 116
Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say?
Kevin J. Stiroh
January  Number 115
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