| 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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2008 Staff Reports
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| Rethinking the Measurement of Household Inflation Expectations: Preliminary Findings Wilbert van der Klaauw, Wändi Bruine de Bruin, Giorgio Topa, Simon Potter, and Michael Bryan December Number 359 |
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| Seismic Effects of the Bankruptcy Reform Donald P. Morgan, Benjamin Iverson, and Matthew Botsch November Number 358 Revised February 2009 |
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| The Federal Home Loan Bank System: The Lender of Next-to-Last Resort? Adam B. Ashcraft, Morten L. Bech, and W. Scott Frame November Number 357 |
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| Which Bank Is the “Central” Bank? An Application of Markov Theory to the Canadian Large Value Transfer System Morten L. Bech, James T. E. Chapman, and Rod Garratt November Number 356 |
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| Imperfectly Credible Disinflation under Endogenous Time-Dependent Pricing Marco Bonomo and Carlos Carvalho November Number 355 Revised May 2010 |
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| The Topology of the Federal Funds Market Morten L. Bech and Enghin Atalay November Number 354 |
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| The Case for TIPS: An Examination of the Costs and Benefits Jennifer Roush, William Dudley, and Michelle Steinberg Ezer October Number 353 |
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| Precautionary Demand and Liquidity in Payment Systems Previous title: “Systemic Risk and Liquidity in Payment Systems” Gara M. Afonso and Hyun Song Shin October Number 352 Revised August 2010 |
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| Aggregation and the PPP Puzzle in a Sticky-Price Model Carlos Carvalho and Fernanda Nechio October Number 351 Revised November 2008 |
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| Housing Busts and Household Mobility Fernando Ferreira, Joseph Gyourko, and Joseph Tracy October Number 350 |
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| Liquidity and Congestion Gara M. Afonso October Number 349 Revised November 2010 |
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| CoVaR Tobias Adrian and Markus K. Brunnermeier September Number 348 Revised September 2014 |
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| ESOP Fables: The Impact of Employee Stock Ownership Plans on Labor Disputes Peter Cramton, Hamid Mehran, and Joseph Tracy September Number 347 |
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| Financial Intermediaries, Financial Stability, and Monetary Policy Tobias Adrian and Hyun Song Shin September Number 346 |
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| What Drives Housing Prices? James A. Kahn September Number 345 |
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| Have Amenities Become Relatively More Important Than Firm Productivity Advantages in Metropolitan Areas? Richard Deitz and Jaison R. Abel September Number 344 |
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| Stabilizing Expectations under Monetary and Fiscal Policy Coordination Stefano Eusepi and Bruce Preston September Number 343 |
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| Central Bank Transparency and Nonlinear Learning Dynamics Stefano Eusepi September Number 342 |
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| Juvenile Delinquent Mortgages: Bad Credit or Bad Economy? Andrew Haughwout, Richard Peach, and Joseph Tracy August Number 341 |
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| Pricing the Term Structure with Linear Regressions Tobias Adrian, Richard K. Crump, and Emanuel Moench August Number 340 Revised April 2013 |
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| The Advantage of Flexible Targeting Rules Andrea Ferrero July Number 339 |
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| Procyclical Leverage and Value-at-Risk Previous title: “Financial Intermediary Leverage and Value-at-Risk” Tobias Adrian and Hyun Song Shin July Number 338 Revised August 2013 |
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| Should There Be Intraday Money Markets? Antoine Martin and James McAndrews July Number 337 |
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| A Study of Competing Designs for a Liquidity-Saving Mechanism Antoine Martin and James McAndrews July Number 336 |
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| The Effect of the Term Auction Facility on the London Interbank Offered Rate James McAndrews, Asani Sarkar, and Zhenyu Wang July Number 335 Revised January 2017 |
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| Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels Steven J. Davis and James A. Kahn July Number 334 |
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| Banking Globalization and Monetary Transmission Previous title: “Banking Globalization, Monetary Transmission, and the Lending Channel” Nicola Cetorelli and Linda S. Goldberg July Number 333 Revised February 2009 |
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| Human Capital and Economic Activity in Urban America Jaison R. Abel and Todd M. Gabe July Number 332 Revised February 2010 |
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| The Welfare Effects of a Liquidity-Saving Mechanism Enghin Atalay, Antoine Martin, and James McAndrews June Number 331 Revised January 2010 |
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| Corporate Performance, Board Structure, and Their Determinants in the Banking Industry Reneé B. Adams and Hamid Mehran June Number 330 Revised October 2011 |
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| Inflation Dynamics in a Small Open-Economy Model under Inflation Targeting: Some Evidence from Chile Marco Del Negro and Frank Schorfheide June Number 329 |
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| Liquidity and Leverage Tobias Adrian and Hyun Song Shin May Number 328 Revised December 2010 |
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| Revisiting Useful Approaches to Data-Rich Macroeconomic Forecasting Jan J. J. Groen and George Kapetanios May Number 327 Revised October 2015 |
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| Dynamic Factor Models with Time-Varying Parameters: Measuring Changes in International Business Cycles Marco Del Negro and Christopher Otrok May Number 326 |
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| Durable Goods Inventories and the Great Moderation James A. Kahn May Number 325 |
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| Globalization and Inflation Dynamics: The Impact of Increased Competition Argia M. Sbordone April Number 324 |
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| Optimal Monetary Policy under Sudden Stops Vasco Cúrdia April Number 323 Revised April 2009 |
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| Investment Shocks and Business Cycles Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti March Number 322 |
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| Monetary Policy Analysis with Potentially Misspecified Models Marco Del Negro and Frank Schorfheide March Number 321 |
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| Forming Priors for DSGE Models (and How It Affects the Assessment of Nominal Rigidities) Marco Del Negro and Frank Schorfheide March Number 320 |
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| Settlement Delays in the Money Market Leonardo Bartolini, Spence Hilton, and James McAndrews March Number 319 |
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| Understanding the Securitization of Subprime Mortgage Credit Adam B. Ashcraft and Til Schuermann March Number 318 |
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| Forecasting Economic and Financial Variables with Global VARs M. Hashem Pesaran, Til Schuermann, and L. Vanessa Smith February Number 317 |
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| Macroeconomic Interdependence and the International Role of the Dollar Linda Goldberg and Cédric Tille February Number 316 |
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| Impact of Voucher Design on Public School Performance: Evidence from Florida and Milwaukee Voucher Programs Rajashri Chakrabarti January Number 315 |
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| What Can We Learn from Privately Held Firms about Executive Compensation? Rebel A. Cole and Hamid Mehran January Number 314 |
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| Monetary Policy Implementation Frameworks: A Comparative Analysis Antoine Martin and Cyril Monnet January Number 313 Revised October 2009 |
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| Run Equilibria in a Model of Financial Intermediation Huberto M. Ennis and Todd Keister January Number 312 |
