RSS feeds RSS  |  E-mail alert  |  FAQ  |  Contact  
Advanced search   |   GoGo  
Overview  |  Organisation  |  Activities  |  History  |  Legal information  |  Representative offices  |  Recruitment  |  Contact
Research hub

  BIS home Central bank hub Research hub

Central Bank Research Hub - Philadelphia Fed Working Papers



Rents Have Been Rising, Not Falling, in the Postwar Period

by Leonard I. Nakamura08-28
(Oct 2008)

 Full text

Information in the Revision Process of Real-Time Datasets

by Valentina Corradi08-27
(Oct 2008)

 Full text

Spinoffs and the Market for Ideas

by Satyajit Chatterjee08-26
(Oct 2008)

 Full text

Seeing Inside the Black Box: Using Diffusion Index Methodology to Construct Factor Proxies in Large Scale Macroeconomic Time Series Environments

by 082508-25
(Oct 2008)

 Full text

Predatory Mortgage Lending

by Philip Bond08-24
(Oct 2008)

 Full text

Intangible Assets and National Income Accounting

by Leonard I. Nakamura08-23
(Oct 2008)

 Full text

City Beautiful

by Gerald A. Carlino08-22
(Sep 2008)

 Full text

Firm Default and Aggregate Fluctuations

by Tor Jacobson08-21
(Sep 2008)

 Full text

The Effect of Monetary Tightening on Local Banks

by Rocco Huang08-20
(Sep 2008)

 Full text

Real-Time Measurement of Business Conditions

by S. Boragan Aruoba08-19
(Sep 2008)

 Full text

In Harm's Way? Payday Loan Access and Military Personnel Performance

by Scott Carrell08-18
(Sep 2008)

 Full text

DSGE Model-Based Forecasting of Non-Modelled Variables

by Frank Schorfheide08-17
(Sep 2008)

 Full text

Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets

by Francis X. Diebold08-16
(Sep 2008)

 Full text

The Elasticity of the Unemployment Rate with Respect to Benefits

by Keith Kuester08-15
(Sep 2008)

 Full text

The Homeownership Experience of Households in Bankruptcy

by Wenli Li08-14
(Sep 2008)

 Full text

Quits, Worker Recruitment, and Firm Growth: Theory and Evidence

by R. Jason Faberman08-13
(Sep 2008)

 Full text

Can Multi-Stage Production Explain the Home Bias in Trade?

by Kei-Mu Yi08-12
(Sep 2008)

 Full text

Job Flows, Jobless Recoveries, and the Great Moderation

by R. Jason Faberman08-11
(Sep 2008)

 Full text

Business Method Patents and U.S. Financial Services

by Robert M. Hunt08-10
(Sep 2008)

 Full text

Core Measures of Inflation as Predictors of Total Inflation

by Loretta J. Mester08-9
(Sep 2008)

 Full text

Revisions to PCE Inflation Measures: Implications for Monetary Policy

by Dean Croushore08-8
(Sep 2008)

 Full text

Monetary Policy in a Channel System

by Cyril Monnet08-7
(Sep 2008)

 Full text

Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies

by 086 name=08608-6
(Sep 2008)

 Full text

Central Bank Institutional Structure and Effective Central Banking: Cross-Country Empirical Evidence

by Iftekhar Hasan08-5
(Sep 2008)

 Full text

Frontiers of Real-Time Data Analysis

by Dean Croushore08-4
(Sep 2008)

 Full text

Inventories, Lumpy Trade, and Large Devaluations

by George Alessandria08-3
(Sep 2008)

 Full text

Optimal Industrial Structure in Banking

by Loretta J. Mester08-2
(Sep 2008)

 Full text

Efficiency in Banking: Theory, Practice, and Evidence

by Loretta J. Mester08-1
(Sep 2008)

 Full text

Inventories, Lumpy Trade, and Large Devaluations

by George Alessandria, Joseph Kaboski, and Virgiliu Midriganwp08-03
(Apr 2008)

 Full text

Optimal Industrial Structure in Banking

by Loretta J. Mesterwp08-02
(Apr 2008)

 Full text

Efficiency in Banking: Theory, Practice, and Evidence

by Joseph P. Hughes and Loretta J. Mesterwp08-01
(Apr 2008)

 Full text

2007

The Reaction of Consumer Spending and Debt to Tax Rebates: Evidence from Consumer Credit Data (JEL D91, E21, E51, E62, G2, H31)

by Sumit Agarwal , Chunlin Liu , and Nicholas Souleleswp07-34
(Dec 2007)

 Full text

Net Worth and Housing Equity in Retirement

by Todd Sinai and Nicholas Souleleswp07-33
(Dec 2007)

 Full text

Payment Network Scale Economies, SEPA, and Cash Replacement

by Wilko Bolt and David Humphreywp07-32
(Nov 2007)

 Full text

The Anatomy of U.S. Personal Bankruptcy Under Chapter 13

by Hülya Eraslan, Wenli Li, and Pierre-Daniel Sartewp07-31
(Nov 2007)

 Full text

Private Risk Premium and Aggregate Uncertainty in the Model of Uninsurable Investment Risk

by Francisco Covas and Shigeru Fujitawp07-30
(Nov 2007)

 Full text

Pricing-to-Market and the Failure of Absolute PPP

by George Alessandria and Joseph Kaboskiwp07-29
(Nov 2007)

 Full text

Innovation Across U.S. Industries: The Effects of Local Economic Characteristics

by Gerald A. Carlino and Robert M. Huntwp07-28
(Oct 2007)

 Full text

Interest Rate Versus Money Supply Instruments: On the Implementation of Markov-Perfect Optimal Monetary Policy

by Michael Dotsey and Andreas Hornsteinwp07-27
(Oct 2007)

 Full text

Optimal Pricing of Payment Services When Cash Is An Alternative

by Cyril Monnet and William Roberdswp07-26
(Oct 2007)

 Full text

Innovation, Cities, and New Work

by Jeffrey Linwp07-25
(Oct 2007)

 Full text

Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics

by Aubhik Khan and Julia K. Thomaswp07-24
(Oct 2007)

 Full text

Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities

by Hoyt Bleakley and Jeffrey Linwp07-23
(Oct 2007)

 Full text

A Dynamic Model of the Payment System

by Thorsten Koeppl, Cyril Monnet, and Ted Temzelideswp07-22
(Oct 2007)

 Full text

Business Method Patents for U.S. Financial Services

by Robert M. Huntwp07-21
(Sep 2007)

 Full text

Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area

by Robert M. Hunt, Samuli Simojoki, and Tuomas Takalowp07-20
(Sep 2007)

 Full text

The Cyclicality of Separation and Job Finding Rates

by Shigeru Fujita and Garey Rameywp07-19
(Sep 2007)

 Full text

The Relationship Between the Establishment Age Distribution and Urban Growth

by R. Jason Fabermanwp07-18
(Aug 2007)

 Full text

Establishment Heterogeneity, Exporter Dynamics, and the Effects of Trade Liberalization

by George Alessandria and Horag Choiwp07-17
(Aug 2007)

 Full text

A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

by Satyajit Chatterjee, Dean Corbae, Makoto Nakajima, and Jose-Victor Rios-Rullwp07-16
(Jun 2007)

 Full text

Spin-Offs and the Market for Ideas

by Satyajit Chatterjee and Esteban Rossi-Hansbergwp07-15
(Jun 2007)

 Full text

A Finite-Life Private-Information Theory of Unsecured Consumer Debt (JEL D82, D91, G19)

by Satyajit Chatterjee, Dean Corbae, and José-Víctor Ríos-Rullwp07-14
(May 2007)

 Full text

A Comparison of Poverty Trends and Policy Impacts for Working Families Using Different Poverty Indexes

by Robert H. DeFinawp07-13
(May 2007)

 Full text

Dynamics of Worker Flows and Vacancies: Evidence from the Agnostic Identification Approach (JEL C32, J63, J64)

by Shigeru Fujitawp07-12
(May 2007)

 Full text

The Long and Large Decline in State Employment Growth Volatility

by Gerald Carlino, Robert DeFina, and Keith Sillwp07-11
(Mar 2007)

 Full text

Bankruptcy: Is It Enough to Forgive or Must We Also Forget? (JEL D86, G33, K35)

by Ronel Elul and Piero Gottardiwp07-10
(Mar 2007)

 Full text

Competitive Effects of Basel II on U.S. Bank Credit Card Lending (JEL D43, G21, G28)

by William W. Lang, Loretta J. Mester, and Todd A. Vermilyeawp07-09
(Mar 2007)

 Full text

Mismeasured Personal Saving and the Permanent Income Hypothesis (JEL C82, E01, E21)

by Leonard I. Nakamura and Tom Starkwp07-08
(Mar 2007)

 Full text

Matching Externalities and Inventive Productivity (JEL O31, R11)

by Robert M. Huntwp07-07
(Mar 2007)

 Full text

Economics and the Design of Patent Systems (JEL L1, O31, O34)

by Robert M. Huntwp07-06
(Jan 2007)

 Full text

The Cyclicality of Worker Flows: New Evidence from the SIPP (JEL J63, J64)

by Shigeru Fujita, Christopher J. Nekarda, and Garey Rameywp07-05
(Jan 2007)

 Full text

Capital and Macroeconomic Instability in a Discrete-Time Model with Forward-Looking Interest Rate Rules (JEL E12, E31, E52)

by Kevin X. D. Huang and Qinglai Mengwp07-04
(Jan 2007)

 Full text

Overconfidence in Financial Markets and Consumption Over the Life Cycle (JEL D91, E21)

by Frank Caliendo and Kevin X. D. Huangwp07-03
(Jan 2007)

 Full text

Reassessing the Shimer Facts (JEL J63, J64)

by Shigeru Fujita and Garey Rameywp07-02
(Jan 2007)

 Full text

2006

An Evaluation of Inflation Forecasts from Surveys Using Real-Time Data

by Dean Croushorewp06-19
(Oct 2006)

 Full text

Capitalization of the Quality of Local Public Schools: What Do Home Buyers Value?

by Theodore M. Cronewp06-15
(Aug 2006)

 Full text

Urban Density and the Rate of Invention (JEL O31, R11)

by Gerald Carlino, Satyajit Chatterjee, and Robert Huntwp06-14
(Aug 2006)

 Full text

Job Matching and Propagation (JEL E32, J63, J64)

by Shigeru Fujita and Garey Rameywp06-13
(Jul 2006)

 Full text

Monetary and Financial Forces in the Great Depression

by Satyajit Chatterjee and Dean Corbaewp06-12
(Jul 2006)

 Full text

National Income Accounts (JEL A13, C82, N01)

by Leonard I. Nakamurawp06-11
(Jun 2006)

 Full text

Labor Supply and Personal Computer Adoption (JEL J41, O33)

by Mark Doms and Ethan Lewiswp06-10
(2006)

 Full text

Nontraded Goods, Market Segmentation, and Exchange Rates (JEL F3, F41)

by Michael Dotsey and Margarida Duartewp06-09
(2006)

 Full text

A Phillips Curve with an Ss Foundation

by Mark Gertler and John Leahywp06-08
(2006)

 Full text

The CPI for Rents: A Case of Understated Inflation (JEL C81, C82, E31, O47, R21, R31)

by Theodore M. Crone, Leonard I. Nakamura, and Richard Voithwp06-07
(2006)

 Full text

When Do More Patents Reduce R&D?

by Robert M. Huntwp06-06
(2006)

 Full text

Bayesian Analysis of DSGE Models (JEL C11, C32, C51, C52)

by Sungbae An and Frank Schorfheidewp06-05
(2006)

 Full text

Monetary Policy Analysis with Potentially Misspecified Models (JEL C32)

by Marco Del Negro and Frank Schorfheidewp06-04
(2006)

 Full text

Non-Stationary Hours in a DSGE Model (JEL C32, E52, F41)

by Yongsung Chang, Taeyoung Doh, and Frank Schorfheidewp06-03
(2006)

 Full text

Predatory Lending in a Rational World

by Philip Bond, David K. Musto, and Bilge Yilmazwp06-02
(2006)

 Full text

2005

Owner-Occupied Housing as a Hedge Against Rent Risk (JEL E21, G11, G12, J14, R21)

by Todd Sinai and Nicholas S. Souleleswp05-10
(May 2005)

 Full text

Consumer Search, Price Dispersion, and International Relative Price Volatility (JEL E31, F12)

by George Alessandriawp05-09
(May 2005)

 Full text

Immigration, Skill Mix, and the Choice of Technique (JEL F1, J2, O3)

by Ethan Lewiswp05-08
(May 2005)

 Full text

The Life-Cycle Effects of House Price Changes (JEL E21, R21)

by Wenli Li and Rui Yaowp05-07
(May 2005)

 Full text

Benchmark Revisions and the U.S. Personal Saving Rate

by Leonard I. Nakamura and Tom Starkwp05-06
(Apr 2005)

 Full text

Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment? (JEL E24, E32)

by Yongsung Chang and Jay H. Hongwp05-05
(Mar 2005)

 Full text

Pricing, Production, and Persistence (JEL E0, E3)

by Michael Dotsey and Robert G. Kingwp05-04
(Mar 2005)

 Full text

Implications of State-Dependent Pricing for Dynamic Macroeconomic Models

by Michael Dotsey and Robert G. Kingwp05-02
(Feb 2005)

 Full text

Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement? (JEL F4)

by M. Ayhan Kose and Kei-Mu Yiwp05-03
(Feb 2005)

 Full text

Schooling and the AFQT: Evidence from School Entry Laws (JEL I2, J2)

by Elizabeth Cascio and Ethan Lewiswp05-01
(Feb 2005)

 Full text

Advertising, Intangible Assets, and Unpriced Entertainment (JEL E01, L82, M37)

by Leonard Nakamurawp05-11
(2005)

 Full text

A Century of Consumer Credit Reporting in America (JEL D18, G18, L88, N22)

by Robert M. Huntwp05-13
(2005)

 Full text

Vertical Production and Trade Interdependence and Welfare (JEL E32, F31, F41)

by Kevin X.D. Huang and Zheng Liuwp05-15
(2005)

 Full text

Switching Costs and Adverse Selection in the Market for Credit Cards: New Evidence (JEL D82, G2)

by Paul S. Calem, Michael B. Gordy, and Loretta J. Mesterwp05-16
(2005)

 Full text

Banks in the Securities Business: Market-Based Risk Implications of Section 20 Subsidiaries (JEL G21, G24, G28)

by Victoria Geyfmanwp05-17
(2005)

 Full text

A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

by Satyajit Chatterjee, Dean Corbae, Makoto Nakajima and Jose-Victor Rios-Rullwp05-18
(2005)

 Full text

Resolving the Puzzle of the Underissuance of National Bank Notes

by Charles Calomiris and Joseph R. Masonwp05-19
(2005)

 Full text

Do Sunk Costs of Exporting Matter for Net Export Dynamics? (JEL E31, F12)

by George Alessandria and Horag Choiwp05-20
(2005)

 Full text

Special Purpose Vehicles and Securitization (JEL E51, G2, G3, K2)

by Gorton and Nicholas Souleleswp05-21
(2005)

 Full text

The Dynamic Beveridge Curve (JEL E32, J63, J64)

by Shigeru Fujita and Garey Rameywp05-22
(2005)

 Full text

Collateral, Credit History, and the Financial Decelerator (JEL D52, E44, G12, G21, G33)

by Ronel Elulwp05-23
(2005)

 Full text

Vertical Specialization and the Border Effect Puzzle (JEL F1)

by Kei-Mu Yiwp05-24
(2005)

 Full text

A Portfolio View of Consumer Credit (JEL E21, E51, G21)

by David K. Musto and Nicholas Souleleswp05-25
(2005)

 Full text

Risk-Adjusted Performance Measures at Bank Holding Companies with Section 20 Subsidiaries (JEL G21, G24, G28)

by Victoria Geyfmanwp05-26
(2005)

 Full text

The Effect of Transaction Pricing on the Adoption of Electronic Payments: A Cross-Country Comparison (JEL D12, G21)

by Wilko Bolt, David Humphrey and Roland Uittenbogaardwp05-28
(2005)

 Full text

Potential Competitive Effects on U.S. Bank Credit Card Lending from the Proposed Bifurcated Application of Basel II

by William W. Lang, Loretta J. Mester and Todd A. Vermilyeawp05-29
(2005)

 Full text

2004

Financial Intermediaries, Markets, and Growth (JEL E44, G10, G20)

by Falko Fechtwp04-24
(Dec 2004)

 Full text

Trade and the (Dis) Incentive to Reform Labor Markets: The Case of Reform in the European Union (JEL D78, J65)

by George Alessandria and Alain Delacroixwp04-18
(Oct 2004)

 Full text

Violating Purchasing Power Parity (JEL E31, F12)

by George Alessandria and Joseph Kaboskiwp04-19
(Oct 2004)

 Full text

Transactions Accounts and Loan Monitoring (JEL G10, G20, G21)

by Loretta J. Mesterwp04-20
(Oct 2004)

 Full text

On the Stability<