Annual ReportsDiscussion Papers
After nearly 20 years of production, we are no longer publishing Discussion Papers, effective December 31, 2007.
Discussion Paper 130 (June 1999)
Chain of Production as a Monetary Propagation Mechanism
Kevin X. D. Huang, Zheng Liu
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 129 (March 1999)
Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel
Rafael Repullo, Javier Suarez
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 128 (February 1999)
Private Money and Reserve Management in a Random-Matching Model
Ricardo de O. Cavalcanti, Andrés Erosa, Ted Temzelides
Published In: Journal of Political Economy
(Vol. 107, No. 5, October 1999, pp. 929-945)
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 127 (Revised September 1999)
Staggered Contracts and Business Cycle Persistence
Kevin X. D. Huang, Zheng Liu
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 126 (July 1998)
Microfoundations and Macro Implications of Indivisible Labor
Casey B. Mulligan
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 125 (December 1997)
The Demand for Money by Firms: Some Additional Empirical Results
Casey B. Mulligan
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 124 (December 1997)
A Markov Switching Model of GNP Growth With Duration Dependence
Pok-sang Lam
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 123 (Revised August 1997)
The Optimal Inflation Tax
Isabel Correia, Pedro Teles
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 122 (August 1997)
Electronic Money: The End of Inflation?
Ramon Marimon, Juan Pablo Nicolini, Pedro Teles
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 121 (August 1997)
The Syndrome of Exchange-Rate-Based Stabilizations and the Uncertain Duration of Currency Pegs
Enrique G. Mendoza, Martín Uribe
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 120 (August 1997)
Rational Herd Behavior and the Globalization of Securities Markets
Guillermo A. Calvo, Enrique G. Mendoza
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 119 (July 1997)
International Portfolio Diversification and Labor/Leisure Choice
Urban J. Jermann
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 118 (July 1997)
Monetary Policy Regimes and Beliefs
David Andolfatto, Paul Gomme
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 117 (June 1997)
Relationship Between Labor-Income Risk and Average Return: Empirical Evidence From the Japanese Stock Market
Ravi Jagannathan, Keiichi Kubota, Hitoshi Takehara
Published In: Journal of Business
(Vol. 71, No. 3, July 1998, pp. 319-347)
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
Discussion Paper 116 (April 1997)
Entrepreneurship, Saving, and Social Mobility
Vincenzo Quadrini
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
