Working Papers

2000 | 2001 | 2002 | 2003 | 2004
2005

2005
WP-2005-24	The Changing Pattern of Wage Growth for Low Skilled Workers Eric French Bhashkar Mazumder Christopher Taber Abstract \| Working Paper (PDF,1215KB)
WP-2005-23	Do Enclaves Matter in Immigrants’ Self-Employment Decision? Maude Toussaint-Comeau Abstract \| Working Paper (PDF,382KB)
WP-2005-22	Supplier Switching and Outsourcing Yukako Ono Victor Stango Abstract \| Working Paper (PDF,392KB)
WP-2005-21	Universal Access, Cost Recovery, and Payment Services Sujit Chakravorti Jeffery W. Gunther Robert R. Moore Abstract \| Working Paper (PDF,271KB)
WP-2005-20	Constructing the Chicago Fed Income Based Economic Index–Consumer Price Index: Inflation (REVISED November, 2006) Leslie McGranahan Anna Paulson Abstract \| Working Paper (PDF,487KB)
WP-2005-19	Why are Immigrants' Incarceration Rates So Low? Evidence on Selective Immigration, Deterrence, and Deportation Kristin Butcher Anne Morrison Piehl Abstract \| Working Paper (PDF,594KB)
WP-2005-18	Clustering of Auto Supplier Plants in the U.S.: GMM Spatial Logit for Large Samples Thomas H. Klier Daniel McMillen Abstract \| Working Paper (PDF,565KB)
WP-2005-17	Why Do Firms Go Public? Evidence from the Banking Industry Richard J. Rosen Scott B. Smart Chad J. Zutter Abstract \| Working Paper (PDF,376KB)
WP-2005-16	Competition in Large Markets (REVISED December, 2006) Jeffrey R. Campbell Abstract \| Working Paper (PDF,1086KB)
WP-2005-15	Causality, Causality, Causality: The View of Education Inputs and Outputs from Economics Lisa Barrow Cecilia Elena Rouse Abstract \| Working Paper (PDF,360KB)
WP-2005-14	Fixed Term Employment Contracts in an Equilibrium Search Model Fernando Alvarez Marcelo Veracierto Abstract \| Working Paper (PDF,932KB)
WP-2005-13	Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles (REVISED September, 2006) Mariacristina De Nardi Eric French John Bailey Jones Abstract \| Working Paper (PDF,517KB)
WP-2005-12	Intergenerational Economic Mobility in the U.S., 1940 to 2000 (REVISED February, 2007) Daniel Aaronson Bhashkar Mazumder Abstract \| Working Paper (PDF,780KB)
WP-2005-11	What Determines Bilateral Trade Flows? Marianne Baxter Michael Kouparitsas Abstract \| Working Paper (PDF,399KB)
WP-2005-10	Wealth inequality: data and models Marco Cagetti Mariacristina De Nardi Abstract \| Working Paper (PDF,433KB)
WP-2005-09	Entrepreneurship, Frictions, and Wealth (REVISED July, 2006) Marco Cagetti Mariacristina De Nardi Abstract \| Working Paper (PDF,435KB)
WP-2005-08	Rigid Prices: Evidence from U.S. Scanner Data (REVISED April, 2007) Jeffrey R. Campbell Benjamin Eden Abstract \| Working Paper (PDF,510KB)
WP-2005-07	Politics and Efficiency of Separating Capital and Ordinary Government Budgets Marco Bassetto Thomas J. Sargent Abstract \| Working Paper (PDF,456KB)
WP-2005-06	Price discovery in a market under stress: the U.S. Treasury market in fall 1998 Craig H. Furfine Eli M. Remolona Abstract \| Working Paper (PDF,1042KB)
WP-2005-05	Characterizations in a random record model with a non-identically distributed initial record Gadi Barlevy H. N. Nagaraja Abstract \| Working Paper (PDF,452KB)
WP-2005-04	Risk Overhang and Loan Portfolio Decisions Robert DeYoung Anne Gron Andrew Winton Abstract \| Working Paper (PDF,439KB)
WP-2005-03	Derivatives and Systemic Risk: Netting, Collateral, and Closeout Robert R. Bliss George Kaufman Abstract \| Working Paper (PDF,269KB)
WP-2005-02	Do Returns to Schooling Differ by Race and Ethnicity? Lisa Barrow Cecilia Elena Rouse Abstract \| Working Paper (PDF,659KB)
WP-2005-01	Firm-Specific Capital, Nominal Rigidities and the Business Cycle David Altig Lawrence J. Christiano Martin Eichenbaum Jesper Linde Abstract \| Working Paper (PDF,985KB)
2004
WP-2004-30	Monetary Policy with Single Instrument Feedback Rules Bernardino Adão Isabel Correia Pedro Teles Abstract \| Working Paper (PDF,537KB)
WP-2004-29	Where do manufacturing firms locate their Headquarters? (REVISED March, 2005) J. Vernon Henderson Yukako Ono Abstract \| Working Paper (PDF,711KB)
WP-2004-28	China’s Export Growth and the China Safeguard: Threats to the World Trading System (REVISED June, 2007) Chad Bown Meredith Crowley Abstract \| Working Paper (PDF,372KB)
WP-2004-27	Comparing location decisions of domestic and foreign auto supplier plants Thomas H. Klier Paul Ma Daniel McMillen Abstract \| Working Paper (PDF,753KB)
WP-2004-26	Monetary Policy with State Contingent Interest Rates Bernardino Adão Isabel Correia Pedro Teles Abstract \| Working Paper (PDF,758KB)
WP-2004-25	Advertising and Pricing at Multiple-Output Firms: Evidence From U.S. Thrift Institutions Robert DeYoung Evren Örs Abstract \| Working Paper (PDF,664KB)
WP-2004-24	The Role of Collateralized Household Debt in Macroeconomic Stabilization (REVISED December, 2006) Jeffrey R. Campbell Zvi Hercowitz Abstract \| Working Paper (PDF,1004KB)
WP-2004-23	Not Working: Demographic Changes, Policy Changes, and the Distribution of Weeks (Not) Worked Lisa Barrow Kristin Butcher Abstract \| Working Paper (PDF,542KB)
WP-2004-22	Betcha can’t acquire just one: merger programs and compensation Richard J. Rosen Abstract \| Working Paper (PDF,344KB)
WP-2004-21	The Minimum Wage, Restaurant Prices, and Labor Market Structure (REVISED October, 2005) Daniel Aaronson Eric French James MacDonald Abstract \| Working Paper (PDF,915KB)
WP-2004-20	Are Technology Improvements Contractionary? Susanto Basu John Fernald Miles Kimball Abstract \| Working Paper (PDF,740KB)
WP-2004-19	Individuals and Institutions: Evidence from International Migrants in the U.S. (REVISED September, 2005) Una Okonkwo Osili Anna Paulson Abstract \| Working Paper (PDF,566KB)
WP-2004-18	Immigrant-Native Differences in Financial Market Participation (REVISED December, 2006) Una Okonkwo Osili Anna Paulson Abstract \| Working Paper (PDF,1402KB)
WP-2004-17	Learning by Observing: Information Spillovers in the Execution and Valuation of Commercial Bank M&As (REVISED September, 2005) Gayle DeLong Robert DeYoung Abstract \| Working Paper (PDF,701KB)
WP-2004-16	Reading, Writing, and Raisinets: Are School Finances Contributing to Children’s Obesity? Patricia M. Anderson Kristin Butcher Abstract \| Working Paper (PDF,417KB)
WP-2004-15	The Occupational Assimilation of Hispanics in the U.S.: Evidence from Panel Data Maude Toussaint-Comeau Abstract \| Working Paper (PDF,496KB)
WP-2004-14	Determinants of Business Cycle Comovement: A Robust Analysis Marianne Baxter Michael Kouparitsas Abstract \| Working Paper (PDF,1902KB)
WP-2004-13	Sibling Similarities, Differences and Economic Inequality Bhashkar Mazumder Abstract \| Working Paper (PDF,456KB)
WP-2004-12	Policy Externalities: How US Antidumping Affects Japanese Exports to the EU Chad Bown Meredith Crowley Abstract \| Working Paper (PDF,660KB)
WP-2004-11	On the Timing of Innovation in Stochastic Schumpeterian Growth Models (REVISED August, 2005) Gadi Barlevy Abstract \| Working Paper (PDF,706KB)
WP-2004-10	Nominal Debt as a Burden on Monetary Policy Javier Díaz-Giménez Giorgia Giovannetti Ramon Marimon Pedro Teles Abstract \| Working Paper (PDF,515KB)
WP-2004-09	Platform Competition in Two-Sided Markets: The Case of Payment Networks Sujit Chakravorti Roberto Roson Abstract \| Working Paper (PDF,337KB)
WP-2004-08	Earnings Inequality and the Business Cycle Gadi Barlevy Daniel Tsiddon Abstract \| Working Paper (PDF,569KB)
WP-2004-07	Merger Momentum and Investor Sentiment: The Stock Market Reaction to Merger Announcements Richard J. Rosen Abstract \| Working Paper (PDF,271KB)
WP-2004-06	Fiscal Policy in the Aftermath of 9/11 Martin Eichenbaum Jonas D. M. Fisher Abstract \| Working Paper (PDF,514KB)
WP-2004-05	The Dynamics of Work and Debt Jeffrey R. Campbell Zvi Hercowitz Abstract \| Working Paper (PDF,316KB)
WP-2004-04	Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets Nicola Cetorelli Philip Strahan Abstract \| Working Paper (PDF,251KB)
WP-2004-03	Real Effects of Bank Competition Nicola Cetorelli Abstract \| Working Paper (PDF,131KB)
WP-2004-02	Netting, Financial Contracts, and Banks: The Economic Implications William Bergman Robert R. Bliss Christian A. Johnson George Kaufman Abstract \| Working Paper (PDF,272KB)
WP-2004-01	Standing Facilities and Interbank Borrowing: Evidence from the Federal Reserve’s New Discount Window Craig H. Furfine Abstract \| Working Paper (PDF,255KB)
2003
WP-2003-35	Where the Headquarters are – Evidence from Large Public Companies 1990-2000 Tyler Diacon Thomas H. Klier Abstract \| Working Paper (PDF,417KB)
WP-2003-34	Self-Employment as an Alternative to Unemployment Ellen Rissman Abstract \| Working Paper (PDF,614KB)
WP-2003-33	Compatibility and Pricing with Indirect Network Effects: Evidence from ATMs (with Chris Knittel) Christopher R. Knittel Victor Stango Abstract \| Working Paper (PDF,389KB)
WP-2003-32	Deregulation and the Relationship Between Bank CEO Compensation and Risk Taking Elijah Brewer III William C. Hunter William E. III Jackson Abstract \| Working Paper (PDF,598KB)
WP-2003-31	Government Equity and Money: John Law’s System in 1720 France François Velde Abstract \| Working Paper (PDF,1278KB)
WP-2003-30*	Spatial Organization of Firms (REVISED June, 2006) Kristin Aarland James Davis J. Vernon Henderson Yukako Ono Abstract \| Working Paper (PDF,275KB)
WP-2003-30	Spatial Organization of Firms Kristin Aarland James Davis J. Vernon Henderson Yukako Ono Abstract \| Working Paper (PDF,357KB)
WP-2003-29	Firing Costs and Business Cycle Fluctuations Marcelo Veracierto Abstract \| Working Paper (PDF,565KB)
WP-2003-28	International Business Cycles Under Fixed and Flexible Exchange Rate Regimes Michael Kouparitsas Abstract \| Working Paper (PDF,1868KB)
WP-2003-27	China and Emerging Asia: Comrades or Competitors? Alan Ahearne John Fernald Prakash Loungani John Schindler Abstract \| Working Paper (PDF,524KB)
WP-2003-26	Trade Deflection and Trade Depression (REVISED September, 2006) Chad Bown Meredith Crowley Abstract \| Working Paper (PDF,2319KB)
WP-2003-25	Should We Teach Old Dogs New Tricks? The Impact of Community College Retraining on Older Displaced Workers Louis S. Jacobson Robert J. LaLonde Daniel G. Sullivan Abstract \| Working Paper (PDF,502KB)
WP-2003-24	The Growing Importance of Family and Community: An Analysis of Changes in the Sibling Correlation in Earnings (REVISED October, 2004) David I. Levine Bhashkar Mazumder Abstract \| Working Paper (PDF,651KB)
WP-2003-23*	Evaluating Calvo-Style Sticky Price Models (REVISED March, 2005) Martin Eichenbaum Jonas D. M. Fisher Abstract \| Working Paper (PDF,594KB)
WP-2003-23	Evaluating the Calvo Model of Sticky Prices Martin Eichenbaum Jonas D. M. Fisher Abstract \| Working Paper (PDF,471KB)
WP-2003-22	Women and the Phillips Curve: Do Women’s and Men’s Labor Market Outcomes Differentially Affect Real Wage Growth and Inflation? Katharine Anderson Lisa Barrow Kristin Butcher Abstract \| Working Paper (PDF,423KB)
WP-2003-21	Managerial Incentives and Financial Contagion (REVISED August, 2004) Sujit Chakravorti Subir Lall Abstract \| Working Paper (PDF,504KB)
WP-2003-20	Creating a national state rainy day fund: a modest proposal to improve future state fiscal performance Rick Mattoon Abstract \| Working Paper (PDF,702KB)
WP-2003-19	Banking Market Conditions And Deposit Interest Rates Richard J. Rosen Abstract \| Working Paper (PDF,252KB)
WP-2003-18	Estimating Models of On-the-Job Search using Record Statistics Gadi Barlevy Abstract \| Working Paper (PDF,601KB)
WP-2003-17	Product Market Evidence on the Employment Effects of the Minimum Wage (REVISED April, 2006) Daniel Aaronson Eric French Abstract \| Working Paper (PDF,639KB)
WP-2003-16	Revised Estimates of Intergenerational Income Mobility in the United States Bhashkar Mazumder Abstract \| Working Paper (PDF,298KB)
WP-2003-15	Measuring Productivity Growth in Asia: Do Market Imperfections Matter? John Fernald Brent Neiman Abstract \| Working Paper (PDF,346KB)
WP-2003-14	The Past, Present, and Probable Future for Community Banks Robert DeYoung William C. Hunter Gregory F. Udell Abstract \| Working Paper (PDF,491KB)
WP-2003-13	The Cost of Business Cycles under Endogenous Growth Gadi Barlevy Abstract \| Working Paper (PDF,711KB)
WP-2003-12	Market Size Matters Jeffrey R. Campbell Hugo Hopenhayn Abstract \| Working Paper (PDF,542KB)
WP-2003-11	A Firm's First Year (REVISED November, 2004) Jaap H. Abbring Jeffrey R. Campbell Abstract \| Working Paper (PDF,551KB)
WP-2003-10	The Importance of Check-Cashing Businesses to the Unbanked: Racial/Ethnic Differences William H. Greene Sherrie L.W. Rhine Maude Toussaint-Comeau Abstract \| Working Paper (PDF,501KB)
WP-2003-09	Inside-Outside Money Competition Ramon Marimon Juan Paolo Nicolini Pedro Teles Abstract \| Working Paper (PDF,443KB)
WP-2003-08	The Case of the Missing Productivity Growth Susanto Basu John Fernald Nicholas Oulton Sylaja Srinivasan Abstract \| Working Paper (PDF,412KB)
WP-2003-07	Resolving Large Complex Financial Organizations Robert R. Bliss Abstract \| Working Paper (PDF,405KB)
WP-2003-06	Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship (REVISED April, 2005) Alexander Karaivanov Anna Paulson Robert Townsend Abstract \| Working Paper (PDF,1392KB)
WP-2003-05	Tenure Choice With Location Selection: The Case Of Hispanic Neighborhoods In Chicago Sherrie L.W. Rhine Maude Toussaint-Comeau Abstract \| Working Paper (PDF,383KB)
WP-2003-04	When is Inter-Transaction Time Informative? Craig H. Furfine Abstract \| Working Paper (PDF,1056KB)
WP-2003-03	Subordinated Debt and Prompt Corrective Regulatory Action Douglas D. Evanoff Larry Wall Abstract \| Working Paper (PDF,431KB)
WP-2003-02	Depositor Liquidity and Loss-Sharing in Bank Failure Resolutions George Kaufman Abstract \| Working Paper (PDF,320KB)
WP-2003-01	A Proposal for Efficiently Resolving Out-of-the-Money Swap Positions at Large Insolvent Banks George Kaufman Abstract \| Working Paper (PDF,295KB)
2002
WP-2002-31	Estimating the Returns to Community College Schooling for Displaced Workers Louis S. Jacobson Robert J. LaLonde Daniel G. Sullivan Abstract \| Working Paper (PDF,432KB)
WP-2002-30	Trade Structure, Industrial Structure, and International Business Cycles Marianne Baxter Michael Kouparitsas Abstract \| Working Paper (PDF,237KB)
WP-2002-29	The Crime of 1873: Back to the Scene François Velde Abstract \| Working Paper (PDF,430KB)
WP-2002-28	Teachers and Student Achievement in the Chicago Public High Schools (REVISED February, 2003) Daniel Aaronson Lisa Barrow William Sander Abstract \| Working Paper (PDF,310KB)
WP-2002-27	Private School Location and Neighborhood Characteristics Lisa Barrow Working Paper (PDF,529KB)
WP-2002-26	Life-Cycle Dynamics in Industrial Sectors. The Role of Banking Market Structure Nicola Cetorelli Abstract \| Working Paper (PDF,357KB)
WP-2002-25	Local Market Consolidation and Bank Productive Efficiency Douglas D. Evanoff Evren Örs Abstract \| Working Paper (PDF,387KB)
WP-2002-24	State-Contingent Bank Regulation With Unobserved Action and Unobserved Characteristics David Marshall Edward S. Prescott Abstract \| Working Paper (PDF,607KB)
WP-2002-23	Inter-industry Contagion and the Competitive Effects of Financial Distress Announcements: Evidence from Commercial Banks and Life Insurance Companies Elijah Brewer III William E. III Jackson Abstract \| Working Paper (PDF,315KB)
WP-2002-22	The Effects of Progressive Taxation on Labor Supply when Hours and Wages are Jointly Determined (REVISED July, 2004) Daniel Aaronson Eric French Abstract \| Working Paper (PDF,1072KB)
WP-2002-21	On the Distribution and Dynamics of Health Costs (REVISED December, 2004) Eric French John Bailey Jones Abstract \| Working Paper (PDF,717KB)
WP-2002-20	The Value of Banking Relationships During a Financial Crisis: Evidence from Failures of Japanese Banks Elijah Brewer III Hesna Genay William C. Hunter George Kaufman Abstract \| Working Paper (PDF,313KB)
WP-2002-19	Location of Headquarter Growth during the 90s Thomas H. Klier Abstract \| Working Paper (PDF,1151KB)
WP-2002-18	Bank Procyclicality, Credit Crunches, and Asymmetric Monetary Policy Effects: A Unifying Model Robert R. Bliss George Kaufman Abstract \| Working Paper (PDF,244KB)
WP-2002-17	Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries on the U.S.-Canada Border Jeffrey R. Campbell Beverly Lapham Abstract \| Working Paper (PDF,499KB)
WP-2002-16	Optimal Fiscal and Monetary Policy: Equivalence Results Isabel Correia Juan Paolo Nicolini Pedro Teles Abstract \| Working Paper (PDF,510KB)
WP-2002-15	Money as a Mechanism in a Bewley Economy Edward Green Ruilin Zhou Abstract \| Working Paper (PDF,373KB)
WP-2002-14*	The Dynamic Effects of Neutral and Investment-Specific Technology Shocks (REVISED May, 2005) Jonas D. M. Fisher Abstract \| Working Paper (PDF,1194KB)
WP-2002-14	Technology Shocks Matter Jonas D. M. Fisher Abstract \| Working Paper (PDF,671KB)
WP-2002-13	Do Safeguard Tariffs and Antidumping Duties Open or Close Technology Gaps? (REVISED May, 2005) Meredith Crowley Working Paper (PDF,469KB)
WP-2002-12	On the cyclical behavior of employment, unemployment and labor force participation (REVISED February, 2008) Marcelo Veracierto Abstract \| Working Paper (PDF,463KB)
WP-2002-11	The Costs and Benefits of Moral Suasion: Evidence from the Rescue of Long-Term Capital Management Craig H. Furfine Abstract \| Working Paper (PDF,294KB)
WP-2002-10	Maternal Employment and Overweight Children Patricia M. Anderson Kristin Butcher Phillip B. Levine Abstract \| Working Paper (PDF,316KB)
WP-2002-09	The Immediacy Implications of Exchange Organization James T. Moser Abstract \| Working Paper (PDF,346KB)
WP-2002-08	Choosing the Right Parents: Changes in the Intergenerational Transmission of Inequality Between 1980 and the Early 1990s David I. Levine Bhashkar Mazumder Abstract \| Working Paper (PDF,256KB)
WP-2002-07	Technological Progress and the Geographic Expansion of the Banking Industry Allen N. Berger Robert DeYoung Abstract \| Working Paper (PDF,273KB)
WP-2002-06	Regulatory Incentives and Consolidation: The Case of Commercial Bank Mergers and the Community Reinvestment Act Raphael Bostic Hamid Mehran Anna Paulson Marc Saidenberg Abstract \| Working Paper (PDF,373KB)
WP-2002-05	Monetary Policy in a Financial Crisis Lawrence J. Christiano Christopher J. Gust Jorge Roldos Abstract \| Working Paper (PDF,1115KB)
WP-2002-04	Expectation Traps and Monetary Policy Stefania Albanesi V. V. Chari Lawrence J. Christiano Abstract \| Working Paper (PDF,673KB)
WP-2002-03	The Optimal Mix of Taxes on Money, Consumption and Income Fiorella De Fiore Pedro Teles Abstract \| Working Paper (PDF,417KB)
WP-2002-02	Strategic Responses to Regulatory Threat in the Credit Card Market Victor Stango Abstract \| Working Paper (PDF,628KB)
WP-2002-01	Outsourcing Business Services and the Role of Central Administrative Offices Yukako Ono Abstract \| Working Paper (PDF,387KB)
2001
WP-2001-24	The Mis-Measurement of Permanent Earnings: New evidence from Social Security Earnings Data Bhashkar Mazumder Abstract \| Working Paper (PDF,628KB)
WP-2001-23	A Note on the Estimation of Linear Regression Models with Heteroskedastic Measurement Errors Daniel G. Sullivan Abstract \| Working Paper (PDF,153KB)
WP-2001-22	Is the United States an optimum currency area? An empirical analysis of regional business cycles Michael Kouparitsas Abstract \| Working Paper (PDF,275KB)
WP-2001-21	Antidumping Policy under Imperfect Competition (REVISED May, 2006) Meredith Crowley Abstract \| Working Paper (PDF,318KB)
WP-2001-20	The Effect of Part-Time Work on Wages: Evidence from the Social Security Rules (REVISED July, 2003) Daniel Aaronson Eric French Abstract \| Working Paper (PDF,445KB)
WP-2001-19	The Effects of Health Insurance and Self-Insurance on Retirement Behavior (REVISED November, 2007) Eric French John Bailey Jones Abstract \| Working Paper (PDF,1047KB)
WP-2001-18	Earnings Mobility in the US: A New Look at Intergenerational Inequality Bhashkar Mazumder Abstract \| Working Paper (PDF,1249KB)
WP-2001-17	Price Level Uniformity in a Random Matching Model with Perfectly Patient Traders Edward Green Ruilin Zhou Abstract \| Working Paper (PDF,276KB)
WP-2001-16	Economic Determinants of the Nominal Treasury Yield Curve (REVISED November, 2006) Charles L. Evans David Marshall Abstract \| Working Paper (PDF,571KB)
WP-2001-15	Option-Implied Risk Aversion Estimates (REVISED September, 2002) Robert R. Bliss Nikolaos Panigirtzoglou Abstract \| Working Paper (PDF,423KB)
WP-2001-14**	Why Does Household Investment Lead Business Investment Over the Business Cycle? (REVISED November, 2006) Jonas D. M. Fisher Abstract \| Working Paper (PDF,437KB)
WP-2001-14*	Why Does Household Investment Lead Business Investment Over the Business Cycle? (REVISED January, 2006) Jonas D. M. Fisher Abstract \| Working Paper (PDF,611KB)
WP-2001-14	A Real Explanation for Heterogeneous Investment Dynamics Jonas D. M. Fisher Abstract \| Working Paper (PDF,564KB)
WP-2001-13	Gaps and Triangles Bernardino Adão Isabel Correia Pedro Teles Abstract \| Working Paper (PDF,270KB)
WP-2001-12	Price Ceilings as Focal Points for Tacit Collusion: Evidence from Credit Cards Christopher R. Knittel Victor Stango Abstract \| Working Paper (PDF,374KB)
WP-2001-11	Deregulation, the Internet, and the Competitive Viability of Large Banks and Community Banks Robert DeYoung William C. Hunter Abstract \| Working Paper (PDF,87KB)
WP-2001-10	The Effect of Market Size Structure on Competition: The Case of Small Business Lending Allen N. Berger Richard J. Rosen Gregory F. Udell Abstract \| Working Paper (PDF,158KB)
WP-2001-09	Outsourcing Business Service and the Scope of Local Markets Yukako Ono Abstract \| Working Paper (PDF,394KB)
WP-2001-08	Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy Lawrence J. Christiano Martin Eichenbaum Charles L. Evans Abstract \| Working Paper (PDF,565KB)
WP-2001-07	The Role of Real Wages, Productivity, and Fiscal Policy in Germany’s Great Depression 1928-1937 Jonas D. M. Fisher Andreas Hornstein Abstract \| Working Paper (PDF,319KB)
WP-2001-06	Learning-by-Doing, Scale Efficiencies, and Financial Performance at Internet-Only Banks (REVISED June, 2002) Robert DeYoung Abstract \| Working Paper (PDF,165KB)
WP-2001-05	Do Regulators Search for the Quiet Life? The Relationship Between Regulators and the Regulated in Banking Richard J. Rosen Abstract \| Working Paper (PDF,1267KB)
WP-2001-04	Productivity Growth in the 1990s: Technology, Utilization, or Adjustment? Susanto Basu John Fernald Matthew D. Shapiro Abstract \| Working Paper (PDF,188KB)
WP-2001-03	Sub-debt yield spreads as bank risk measures Douglas D. Evanoff Larry Wall Abstract \| Working Paper (PDF,109KB)
WP-2001-02	On the Fiscal Implications of Twin Crises Craig Burnside Martin Eichenbaum Sergio Rebelo Abstract \| Working Paper (PDF,364KB)
WP-2001-01	Does Bank Concentration Lead to Concentration in Industrial Sectors? Nicola Cetorelli Abstract \| Working Paper (PDF,215KB)
2000
WP-2000-31	Impact of independent directors and the regulatory environment on bank merger prices: Evidence from takeover activity in the 1990s Elijah Brewer III William E. III Jackson Julapa Jagtiani Abstract \| Working Paper (PDF,93KB)
WP-2000-30	Equilibrium lending mechanism and aggregate activity Cheng Wang Ruilin Zhou Abstract \| Working Paper (PDF,392KB)
WP-2000-29	On the Short-Run Effects of Labor Market Reforms Marcelo Veracierto Abstract \| Working Paper (PDF,655KB)
WP-2000-28	Supplier Relationships and Small Business Use of Trade Credit Daniel Aaronson Raphael Bostic Paul Huck Robert Townsend Abstract \| Working Paper (PDF,140KB)
WP-2000-27	Recent evidence on the relationship between unemployment and wage growth Daniel Aaronson Daniel G. Sullivan Abstract \| Working Paper (PDF,92KB)
WP-2000-26	Data revisions and the identification of monetary policy shocks Dean Croushore Charles L. Evans Abstract \| Working Paper (PDF,325KB)
WP-2000-25	What can account for fluctuations in the terms of trade? Marianne Baxter Michael Kouparitsas Abstract \| Working Paper (PDF,335KB)
WP-2000-24	The pitfalls in inferring risk from financial market data Robert R. Bliss Abstract \| Working Paper (PDF,90KB)
WP-2000-23	Savings of young parents Ricardo Cossa Erin L. Krupka Annamaria Lusardi Abstract \| Working Paper (PDF,157KB)
WP-2000-22	An empirical examination of the price-dividend relation with dividend management Lucy F. Ackert William C. Hunter Abstract \| Working Paper (PDF,1078KB)
WP-2000-21	Financial signal processing: A self calibrating model Robert Elliott William C. Hunter Barbara Jamieson Abstract \| Working Paper (PDF,375KB)
WP-2000-20	How do retail prices react to minimum wage increases? Daniel Aaronson James MacDonald Working Paper (PDF,127KB)
WP-2000-19	Financial-intermediation regime and efficiency in a Boyd-Prescott economy Yeong-Yuh Chiang Edward Green Abstract \| Working Paper (PDF,217KB)
WP-2000-18	Capital requirements and competition in the banking industry Peter J. G. Vlaar Abstract \| Working Paper (PDF,183KB)
WP-2000-17	The double play: Simultaneous speculative attacks on currency and equity markets Sujit Chakravorti Subir Lall Abstract \| Working Paper (PDF,426KB)
WP-2000-16	Post-resolution treatment of depositors At failed banks: Implications for the severity of banking crises, systemic risk, and too-big-to-fail George Kaufman Steven A. Seelig Abstract \| Working Paper (PDF,104KB)
WP-2000-15	Idiosyncratic risk and aggregate employment dynamics Jeffrey R. Campbell Jonas D. M. Fisher Abstract \| Working Paper (PDF,725KB)
WP-2000-14	The effects of geographic expansion on bank efficiency Allen N. Berger Robert DeYoung Abstract \| Working Paper (PDF,270KB)
WP-2000-13	Puzzles in the chinese stock market John Fernald John H. Rogers Abstract \| Working Paper (PDF,217KB)
WP-2000-12	Oligopoly banking and capital accumulation Nicola Cetorelli Pietro Peretto Abstract \| Working Paper (PDF,288KB)
WP-2000-11	Why is productivity procyclical? Why do we care? Susanto Basu John Fernald Abstract \| Working Paper (PDF,409KB)
WP-2000-10	Bank capital regulation with and without State-contingent penalties David Marshall Edward S. Prescott Abstract \| Working Paper (PDF,406KB)
WP-2000-09	For how long are newly chartered banks financially fragile? Robert DeYoung Abstract \| Working Paper (PDF,283KB)
WP-2000-08	The labor supply response to (mismeasured but) predictable wage changes Eric French Abstract \| Working Paper (PDF,390KB)
WP-2000-07	Subordinated Debt and Bank Capital Reform Douglas D. Evanoff Larry Wall Abstract \| Working Paper (PDF,214KB)
WP-2000-06	Does the community reinvestment act influence lending? An analysis of changes in bank low-income mortgage activity Drew Dahl Douglas D. Evanoff Michael F. Spivey Abstract \| Working Paper (PDF,182KB)
WP-2000-05	Employment flows, capital mobility, and policy analysis Marcelo Veracierto Abstract \| Working Paper (PDF,611KB)
WP-2000-04	Using market valuation to access the importance and efficiency of public school spending Lisa Barrow Cecilia Elena Rouse Abstract \| Working Paper (PDF,168KB)
WP-2000-03	Market discipline in the governance of U.S. bank holding companies: Monitoring vs. influencing Robert R. Bliss Mark J. Flannery Abstract \| Working Paper (PDF,165KB)
WP-2000-02	The effects of health, wealth, and wages on labor supply and retirement behavior Eric French Abstract \| Working Paper (PDF,2512KB)
WP-2000-01	Dynamic monetary equilibrium in a random-matching economy Edward Green Ruilin Zhou Abstract \| Working Paper (PDF,413KB)