Topic - Financial Economics

View: 15 All

The Glass Ceiling and the Paper Floor: Gender Differences among Top Earners, 1981–2012

Fatih Guvenen, Greg Kaplan, Jae Song
October 2014 - Working Paper

On Financing Retirement with an Aging Population

Edward C. Prescott, Ellen R. McGrattan
September 2014 - Staff Report

Technical Appendix: On Financing Retirement with an Aging Population

Edward C. Prescott, Ellen R. McGrattan
September 2014 - Staff Report

Banks, Liquidity Management, and Monetary Policy

Javier Bianchi, Saki Bigio
September 2014 - Staff Report

Linkages across Sovereign Debt Markets

Cristina Arellano, Yan Bai
July 2014 - Staff Report

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

Motohiro Yogo, Ralph S. J. Koijen, Stijn Van Nieuwerburgh
June 2014 - Staff Report

The Cost of Financial Frictions for Life Insurers

Motohiro Yogo, Ralph S. J. Koijen
June 2014 - Staff Report

The Over-the-Counter Theory of the Fed Funds Market: A Primer

Ricardo Lagos, Gara Afonso
April 2014 - Working Paper

Trade Dynamics in the Market for Federal Funds

Ricardo Lagos, Gara Afonso
March 2014 - Working Paper

An Empirical Study of Trade Dynamics in the Fed Funds Market

Ricardo Lagos, Gara Afonso
March 2014 - Working Paper

Is It Too Late to Bail Out the Troubled Countries in the Eurozone?

Timothy J. Kehoe, Juan Carlos Conesa
February 2014 - Staff Report

Renegotiation Policies in Sovereign Defaults

Cristina Arellano, Yan Bai
January 2014 - Staff Report

Default and the Maturity Structure in Sovereign Bonds

Cristina Arellano, Ananth Ramanarayanan
October 2013 - Staff Report

Measuring the Financial Soundness of U.S. Firms, 1926–2012

Andrew Atkeson, Andrea L. Eisfeldt, Pierre-Olivier Weill
June 2013 - Staff Report

Heterogeneity and Risk Sharing in Village Economies

Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, Krislert Samphantharak
June 2013 - Staff Report

Portfolio Choices and Risk Preferences in Village Economies

Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, Krislert Samphantharak
June 2013 - Working Paper

Bailouts, Time Inconsistency, and Optimal Regulation

Patrick J. Kehoe, V. V. Chari
April 2013 - Staff Report

The Market for OTC Derivatives

Andrew Atkeson, Andrea L. Eisfeldt, Pierre-Olivier Weill
April 2013 - Staff Report

Heterogeneity and Risk Sharing in Village Economies

Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, Krislert Samphantharak
July 2012 - Working Paper

International Recessions

Fabrizio Perri, Vincenzo Quadrini
November 2011 - Staff Report

On Efficiently Financing Retirement

Edward C. Prescott, Ellen R. McGrattan
November 2011 - Working Paper

Innovation and Growth with Financial, and other, Frictions

Randall Wright, Jonathan Chiu, Cesaire Meh
October 2011 - Working Paper

A Clarification of Certain Statistics Reported in "A Method for Improving the Benchmarks Used to Monitor ACH Returns"

Financial Policy Working Paper
Richard M. Todd
August 2011 - Financial Policy Working Papers

Costly Financial Intermediation in Neoclassical Growth Theory

Edward C. Prescott, Rajnish Mehra, Facundo Piguillem
April 2011 - Working Paper

Unmeasured Investment and the Puzzling U.S. Boom in the 1990s

Edward C. Prescott, Ellen R. McGrattan
September 2010 - Staff Report

Asset Bubbles and Rat Races

A new Minneapolis Fed staff report by Veronica Guerrieri and her coauthor examines the effect of portfolio managers’ reputation-seeking on asset prices.
Joe Mahon
September 2010 - The Region

Human Capital Values and Returns: Bounds Implied By Earnings and Asset Returns Data

Mark Huggett, Greg Kaplan
July 2010 - Staff Report

Asset Prices, Liquidity, and Monetary Policy in the Search Theory of Money

Ricardo Lagos
July 2010 - Quarterly Review

Interview with Robert Hall

Stanford University economist on labor market dynamics, financial frictions, monetary policy and dating a recession
Douglas Clement
June 2010 - The Region

A Method for Improving the Benchmarks Used to Monitor ACH Returns

Financial Policy Working Paper
Richard M. Todd, Ron J. Feldman, Mark Lueck, Olivier Armantier, Michele Braun, Dennis Kuo
March 2010 - Financial Policy Working Papers

2008 was a mixed year for CDCUs, report says

November 2009 - Community Dividend

A Parsimonious Macroeconomic Model for Asset Pricing

Fatih Guvenen
August 2009 - Staff Report

Fragility of Reputation and Clustering of Risk-Taking

Guillermo L. Ordonez
July 2009 - Staff Report

Larger Crises, Slower Recoveries: The Asymmetric Effects of Financial Frictions

Guillermo L. Ordonez
July 2009 - Staff Report

Addressing TBTF by Shrinking Institutions: An Initial Assessment

Gary H. Stern, Ron J. Feldman
June 2009 - The Region

Better Late Than Never: Addressing Too-Big-To-Fail

Gary H. Stern
June 2009 - The Region

Trend and Cycle in Bond Premia

Martin Schneider, Monika Piazzesi
April 2009 - Staff Report

The Current Financial Crisis: What Should We Learn from the Great Depressions of the Twentieth Century?

Timothy J. Kehoe, Gonzalo Fernandez de Cordoba
April 2009 - Staff Report

Momentum Traders in the Housing Market: Survey Evidence and a Search Model

Martin Schneider, Monika Piazzesi
March 2009 - Staff Report

Too Big to Fail: The Way Forward

Top of the Ninth
Gary H. Stern
December 2008 - The Region

On the Need for a New Approach to Analyzing Monetary Policy

Patrick J. Kehoe, Andrew Atkeson
September 2008 - Staff Report

Intermediated Quantities and Returns

Edward C. Prescott, Rajnish Mehra, Facundo Piguillem
September 2008 - Staff Report

Limiting Spillovers Through Focused Supervision

Top of the Ninth
Gary H. Stern
September 2008 - The Region

The Rise and Fall of Nicholas Biddle

Brilliant and seemingly destined for greatness, America’s first central banker failed when put to the test in the Bank War
Phil Davies
September 2008 - The Region

The “Monster” of Chestnut Street

The life and death of the Second Bank of the United States is a cautionary tale about the exercise of monetary power
Phil Davies
September 2008 - The Region

Liquidity in Asset Markets with Search Frictions

Ricardo Lagos, Guillaume Rocheteau
August 2008 - Staff Report

If Exchange Rates Are Random Walks, Then Almost Everything We Say About Monetary Policy Is Wrong

Patrick J. Kehoe, Andrew Atkeson, Fernando Alvarez
June 2008 - Quarterly Review

Licentious Behavior

Should mortgage brokers face tougher licensing regulations? In light of the mortgage meltdown, many think the answer is an obvious yes, but recent research urges caution.
Douglas Clement
June 2008 - The Region

The rise of occupational licensing

More and more U.S. jobs are covered by licenses, and the wage effect is substantial.
Douglas Clement
June 2008 - The Region

Managing the Expanded Safety Net

2007 Annual Report Essay
Gary H. Stern, Ron J. Feldman
May 2008 - The Region

Message from the First Vice President

2007 Annual Report: Operations
James M. Lyon
May 2008 - The Region

Too Big To Fail: The Hazards of Bank Bailouts

2007 Annual Report: Excerpts from the 2004 book by Gary H. Stern and Ron J. Feldman.
Gary H. Stern, Ron J. Feldman
May 2008 - The Region

Interview with Eugene Fama

A conversation with the intellectual father of efficient market theory, Eugene Fama, passive portfolio management, and value and small cap mutual funds.
Douglas Clement
December 2007 - The Region

Are Banks Really Dying This Time?

An update of Boyd and Gertler.
Ron J. Feldman, Mark Lueck
September 2007 - The Region

The Bank that Hamilton Built

At the dawn of the Republic, the First Bank of the United States created a model for American financial markets and monetary policy that endures to this day.
Phil Davies
September 2007 - The Region

Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium

Patrick J. Kehoe, Andrew Atkeson, Fernando Alvarez
September 2007 - Staff Report

“Everything Was a Dollar”

In Ecuador, the transition to the U.S. dollar was sudden, dramatic and remarkably smooth.
Douglas Clement
June 2007 - The Region

2006 Financial Statements

2006 Annual Report
May 2007 - The Region

2006 by the Numbers

2006 Operations Report
May 2007 - The Region

Message from the First Vice President

Federal Reserve Bank of Minneapolis 2006 Operations Report
James M. Lyon
May 2007 - The Region

If Exchange Rates Are Random Walks, Then Almost Everything We Say about Monetary Policy is Wrong

Patrick J. Kehoe, Andrew Atkeson, Fernando Alvarez
March 2007 - Staff Report

Goldilocks in the Corner Office

Is ballooning CEO pay too much, too little or just right?
Ronald A. Wirtz
December 2006 - The Region

Interview with David Card

The University of California, Berkeley economist, on immigration, labor supply, minimum wage and inequality.
Douglas Clement
December 2006 - The Region

Rethinking Bank Regulation: Till Angels Govern

Book Review
Ron J. Feldman
December 2006 - The Region

Bankruptcy and Collateral in Debt Constrained Markets

Timothy J. Kehoe, David K. Levine
October 2006 - Staff Report

Changes Resulting from FIRREA and FDICIA

Niel Willardson, Jackie Brunmeier
September 2006 - The Region

Early State Banks in the United States: How Many Were There and Where Did They Exist?

Warren E. Weber
September 2006 - Quarterly Review

Perspectives on Current Banking Issues

Top of the Ninth
Gary H. Stern
September 2006 - The Region

Supervisory Enforcement Actions Since FIRREA and FDICIA

“Arbitrary, Draconian and Inflexible,” or a Model of Regulatory Restraint?
Niel Willardson, Jackie Brunmeier
September 2006 - The Region

Types of Enforcement Actions

Niel Willardson, Jackie Brunmeier
September 2006 - The Region

Managing Too Big To Fail by Reducing Systemic Risk: Some Recent Developments

Recent developments include three important initiatives.
Gary H. Stern, Ron J. Feldman
June 2006 - The Region

Search in Asset Markets

Ricardo Lagos, Guillaume Rocheteau
June 2006 - Staff Report

The Interchange Fee Debate: Issues and Economics

Merchants are seeking relief from rising credit card fees, but the economics are complex and near-term resolution seems unlikely.
James M. Lyon
June 2006 - The Region

Asset Prices and Liquidity in an Exchange Economy

Ricardo Lagos
May 2006 - Staff Report

Giving Aid Effectively

Nancy L. Stokey
May 2006 - Annual Reports

Household Heterogeneity and Real Exchange Rates

Narayana Kocherlakota, Luigi Pistaferri
April 2006 - Staff Report

A Model of Banknote Discounts

Warren E. Weber, Francesca Carapella, Pricila Maziero, Laurence Ales
March 2006 - Working Paper

Temptation and Self-Control: Some Evidence and Applications

Kevin X. D. Huang, Zheng Liu, Qi Zhu
January 2006 - Staff Report

Early State Banks in the United States: How Many Were There and When Did They Exist?

Warren E. Weber
December 2005 - Working Paper

Economic Research and the Role of the Federal Reserve in Payments

Top of the Ninth
Gary H. Stern
December 2005 - The Region

Is College Unaffordable?

Tuition and student debt have skyrocketed, but higher education still pays off.
Ronald A. Wirtz
December 2005 - The Region

Addressing TBTF When Banks Merge: A Proposal

Bank mergers provide unique opportunities for TBTF policy reform.
Gary H. Stern, Ron J. Feldman
September 2005 - The Region

Payments System Issues and Challenges

Top of the Ninth
Gary H. Stern
September 2005 - The Region

Does Income Inequality Lead to Consumption Equality? Evidence and Theory

Fabrizio Perri, Dirk Krueger
June 2005 - Staff Report

The Coming Generational Storm: What You Need to Know about America's Economic Future

Book Review
Kevin L. Kliesen
June 2005 - The Region

Message from the First Vice President

2004 Annual Report--Operations Report
James M. Lyon
May 2005 - The Region

Interview with Jean-Claude Trichet

The European Central Bank president and Minneapolis Fed President Gary Stern discuss ECB accomplishments and challenges, as well as issues of concern to both central banks.
Gary H. Stern
December 2004 - The Region

The Private and Public Risks of Banking

Top of the Ninth
Gary H. Stern
December 2004 - The Region

Banking Regulation: The Focus Returns to the Consumer

A renewed emphasis on consumer protection while maintaining safety and soundness.
Jason Schmidt, Niel Willardson
June 2004 - The Region

Data Appendix: Taxes, Regulations, and the Value of U.S. and U.K. Corporations

Edward C. Prescott, Ellen R. McGrattan
June 2004 - Staff Report

Payments Evolution or Revolution?

Minneapolis Fed First Vice President James Lyon reviews trends in the payments system.
James M. Lyon
June 2004 - The Region

Message from the First Vice President

2003 Annual Report: Operations
James M. Lyon
May 2004 - The Region

The 1929 Stock Market: Irving Fisher Was Right

Edward C. Prescott, Ellen R. McGrattan
December 2003 - Staff Report

Too Big To Fail: The Hazards of Bank Bailouts

Excerpt from Too Big To Fail: The Hazards of Bank Bailouts
Gary H. Stern, Ron J. Feldman
December 2003 - The Region

Real bills and the Federal Reserve

Douglas Clement
September 2003 - The Region

Interbank Payments Relationships in the Antebellum United States: Evidence From Pennsylvania

Warren E. Weber
July 2003 - Quarterly Review

About the Federal Deposit Insurance Corp.

June 2003 - The Region

Achieving the Objectives of Regulatory Restructuring

Top of the Ninth
Gary H. Stern
June 2003 - The Region

Interview with Donald E. Powell

The chairman of the Federal Deposit Insurance Corp. shares his thoughts on regulatory reform, the value of market data and other issues with Minneapolis Fed President Gary Stern.
Gary H. Stern
June 2003 - The Region

Between Two Worlds: How Do Credit Markets Work?

2002 Annual Report Essay: An investigation into credit availability in the Minneapolis-St. Paul Hmong community.
Arthur J. Rolnick, David Fettig
May 2003 - The Region

CRA: A brief introduction

2002 Annual Report
May 2003 - The Region

Message from the President

2002 Annual Report
Gary H. Stern
May 2003 - The Region

Financial Crises as Herds: Overturning the Critiques

Patrick J. Kehoe, V. V. Chari
April 2003 - Staff Report

Average Debt and Equity Returns: Puzzling?

Edward C. Prescott, Ellen R. McGrattan
January 2003 - Staff Report

Interview with Tommaso Padoa-Schioppa

A charter member of the Executive Board of the European Central Bank discusses the evolution of that institution, the upcoming rollout of the euro in 12 European countries and how the ECB and the Fed
Arthur J. Rolnick
December 2001 - The Region

The European Central Bank

December 2001 - The Region

The Federal Reserve and Electronic Payments: What do considerations of principle, experience and reputation tell us?

Top of the Ninth
Gary H. Stern
December 2001 - The Region

Thoughts on the Fed’s Role in the Payments System

Edward J. Green, Richard M. Todd
December 2001 - Quarterly Review

Harnessing Market Discipline

Alan Greenspan
September 2001 - The Region

Interpreting Market Data Signals

Jason Schmidt
September 2001 - The Region

Market Data Sources in More Detail

Ron J. Feldman, Jason Schmidt
September 2001 - The Region

Market Data and Bank Supervision: The Transition to Practical Use

Incorporating market data into the examination process.
Ron J. Feldman, Mark Levonian
September 2001 - The Region

Taking Market Data Seriously

Gary H. Stern
September 2001 - The Region

Using Market Data for a Variety of Institutions

Jason Schmidt
September 2001 - The Region

Using Market Data in the Supervisory Process

Introduction to the Symposium
Ron J. Feldman, Jason Schmidt
September 2001 - The Region

Looking for Evidence of Time-Inconsistent Preferences in Asset Market Data

Narayana Kocherlakota
July 2001 - Quarterly Review

Bank Funding: Challenges ahead but no crisis

Top of the Ninth
Gary H. Stern
June 2001 - The Region

Do Women's Economic Decisions Differ from Men's?

Recap of a conference on economic decision making in women's lives and careers.
Kathy Cobb
June 2001 - The Region

The Code Book

Book Review
Richard M. Todd
June 2001 - The Region

The Stock Market: Too High, Too Low? Just Right.

Two Fed economists argue that the historically high market levels of early 2000 were fully justified by theory, and they explain why the market was lower in the past,
Douglas Clement
June 2001 - The Region

The Vanishing Equity Premium

The equity premium—the premium that investors receive for investing in stocks rather than bonds—appears to have decreased substantially in recent years, just as economic theory says it should.
Douglas Clement
June 2001 - The Region

Functions Complementary to the Core

2000 Annual Report
Edward J. Green, Richard M. Todd
April 2001 - The Region

Interbank Settlement and the Emergence of Central Banks

2000 Annual Report
Edward J. Green, Richard M. Todd
April 2001 - The Region

Message from the President

2000 Annual Report: Comments by Gary Stern, president of the Federal Reserve Bank of Minneapolis, "...[the essay] provides a useful framework to think about the Federal Reserve's role in the evolving
Gary H. Stern
April 2001 - The Region

Thoughts on the Fed's Role in the Payments System

2000 Annual Report: This year's annual report essay explores the structuring of a new, all-embracing payments system aligned with the Reserve Banks' mission, and one which will best serve the public i
Edward J. Green, Richard M. Todd
April 2001 - The Region

Bank Runs, Deposit Insurance, and Liquidity

Douglas W. Diamond, Philip H. Dybvig
December 2000 - Quarterly Review

Diamond and Dybvig’s Classic Theory of Financial Intermediation: What’s Missing?

Edward J. Green, Ping Lin
December 2000 - Quarterly Review

When Genius Failed: The Rise and Fall of Long-Term Capital Management

Book Review
Ron J. Feldman
December 2000 - The Region

Habit Persistence, Asset Returns and the Business Cycle

Michele Boldrin, Lawrence J. Christiano, Jonas D. M. Fisher
November 2000 - Staff Report

About the Securities and Exchange Commission

September 2000 - The Region

Growth Cycles and Market Crashes

Michele Boldrin, David K. Levine
September 2000 - Staff Report

Interview with Arthur Levitt

The chairman of the U.S. Securities and Exchange Commission talks with Fed President Gary Stern about the SEC's regulatory functions and the importance of investor education, among other issues.
Gary H. Stern
September 2000 - The Region

Is the Stock Market Overvalued?

Edward C. Prescott, Ellen R. McGrattan
September 2000 - Quarterly Review

The Declining U.S. Equity Premium

Ellen R. McGrattan, Anna Scherbina, Ravi Jagannathan
September 2000 - Quarterly Review

Thoughts on Designing Credible Policies After Financial Modernization: Addressing too big to fail and moral hazard

Top of the Ninth
Gary H. Stern
September 2000 - The Region

Risky Collateral and Deposit Insurance

Narayana Kocherlakota
August 2000 - Staff Report

The Legacy of the Separation of Banking and Commerce Continues in Gramm-Leach-Bliley

Randall S. Kroszner, University of Chicago, argues that the Act missed an opportunity to strengthen banks' roles in the corporate governance system and the financing of enterprises.
Randall S. Kroszner
June 2000 - The Region

The Suffolk Bank and the Panic of 1837

Arthur J. Rolnick, Warren E. Weber, Bruce D. Smith
April 2000 - Quarterly Review

Are Banks Special?

A Revisitation
E. Gerald Corrigan
March 2000 - The Region

Century of Change

A timeline of banking legislation and regulation
March 2000 - The Region

Fed survey results show bankers energized, relieved and distraught over GLB


March 2000 - The Region

Financial Evolution, Not Revolution

Ronald A. Wirtz
March 2000 - The Region

Financial Reform's Unfinished Agenda

A Look at Deposit Insurance Funds
William M. Isaac
March 2000 - The Region

Have We Only Just Begun?

Challenges in implementing the Gramm-Leach-Bliley regime
Ron J. Feldman, Niel Willardson, James M. Lyon
March 2000 - The Region

Interview with Representative Jim Leach

Chairman, U.S. House Committee on Banking and Financial Services
Gary H. Stern
March 2000 - The Region

Privacy and The Promise of Financial Modernization

Richard M. Kovacevich
March 2000 - The Region

The Financial Modernization Legislation: An Assessment

Carter H. Golembe
March 2000 - The Region

The Financial Services Modernization Act of 1999

A brief summary of Gramm-Leach-Bliley
March 2000 - The Region

The Impact on Community Bankers


Robert N. Barsness
March 2000 - The Region

The Road Not Taken

The interests of lower-income families ignored in financial modernization
Malcolm Bush
March 2000 - The Region

Using market data to manage risk

The potential of financial modernization
Gary H. Stern
March 2000 - The Region

“These Gambling Activities”

Carter Glass and the battle to rein in the banking industry
March 2000 - The Region

The Recent Ascent in Stock Prices: How Exuberant Are You?

Are investors "irrationally exuberant" about the rising stock market? New research offers fresh insight into one of the economy's most vexing questions.
John B. Carlson
December 1999 - The Region

A Response to Critics of Market Discipline

Top of the Ninth
Gary H. Stern
September 1999 - The Region

Interview with Donald Brash

An interview with the head of New Zealand's central bank.
David Levy
June 1999 - The Region

Managing Moral Hazard With Market Signals: How Regulation Should Change With Banking

Gary Stern, president of the Federal Reserve Bank of Minneapolis, addresses the too-big-to-fail problem and moral hazard in banking.
Gary H. Stern
June 1999 - The Region

The Tale of Another Chairman

Economist Richard Timberlake recalls the legacy of W.M. Martin and Marriner Eccles, former Fed chairmen.
Richard H. Timberlake
June 1999 - The Region

Remembering William McChesney Martin Jr.

Andrew F. Brimmer
September 1998 - The Region

The Existence of Rational Expectations Equilibrium: A Retrospective

Beth Allen, James S. Jordan
August 1998 - Staff Report

Follow the Money

Death threats, suicides and million dollar frauds are just part of the job for this Fed bank examiner
David Fettig
June 1998 - The Region

Interview with Carter H. Golembe

Melvin L. Burstein
June 1998 - The Region

Market Discipline as Bank Regulator

Top of the Ninth
Gary H. Stern
June 1998 - The Region

Carter Glass was right: The structure of the Federal Reserve is important

Top of the Ninth
Gary H. Stern
December 1997 - The Region

A Modest Proposal for Meaningful Deposit Insurance Reform

Top of the Ninth Column
Gary H. Stern
September 1997 - The Region

An Update on the Securitization of Small Business Loans

Ron J. Feldman
September 1997 - The Region

Deutsche Bundesbank

Focus on Central Banks
September 1997 - The Region

Small Business Loans, Small Banks and a Big Change in Technology Called Credit Scoring

Ron J. Feldman
September 1997 - The Region

The Too Big to Fail Problem

A proposal to reform deposit insurance
Gary H. Stern
September 1997 - The Region

Macroeconomics With Frictions

S. Rao Aiyagari
July 1997 - Quarterly Review

Why Do Stock Prices Drop by Less Than the Value of the Dividend? Evidence From a Country Without Taxes

Murray Frank, Ravi Jagannathan
March 1997 - Staff Report

An opportune time for deposit insurance reform

Top of the Ninth
Gary H. Stern
December 1996 - The Region

Mortgage Automation Threat

Fannie Mae and Freddie Mac's technology initiatives could reduce competition
Ron J. Feldman
December 1996 - The Region

Narrow Banking Meets the Diamond-Dybvig Model

Neil Wallace
December 1996 - Quarterly Review

Are Checks Overused?

Kirstin E. Wells
September 1996 - Quarterly Review

The “New” Science of Credit Risk Management

Federal Reserve Governor Janet Yellen on developments in the financial system.
Janet L. Yellen
September 1996 - The Region

The Conditional CAPM and the Cross-Section of Expected Returns

Ravi Jagannathan, Zhenyu Wang
August 1996 - Staff Report

Why Should Older People Invest Less in Stocks Than Younger People?

Narayana Kocherlakota, Ravi Jagannathan
July 1996 - Quarterly Review

Econometric Evaluation of Asset Pricing Models

Ravi Jagannathan, Wayne E. Ferson
January 1996 - Staff Report

The CAPM Debate

Ellen R. McGrattan, Ravi Jagannathan
September 1995 - Quarterly Review

The Role of Large Banks in the Recent U.S. Banking Crisis

John H. Boyd, Mark Gertler
December 1994 - Quarterly Review

Are banks dead? Or, are the reports greatly exaggerated?

This article is a synopsis of a paper prepared by John H. Boyd, senior research officer at the Federal Reserve Bank of Minneapolis, and Mark Gertler, professor at New York University.
September 1994 - The Region

Are Banks Dead? Or Are the Reports Greatly Exaggerated?

John H. Boyd, Mark Gertler
July 1994 - Quarterly Review

Macroeconomics With Frictions

S. Rao Aiyagari
July 1994 - Quarterly Review

Ex-Dividend Price Behavior of Common Stocks

John H. Boyd, Ravi Jagannathan
June 1994 - Staff Report

Assessing Specification Errors in Stochastic Discount Factor Models

Lars Peter Hansen, Ravi Jagannathan
March 1994 - Staff Report

Explaining Financial Market Facts: The Importance of Incomplete Markets and Transaction Costs

S. Rao Aiyagari
December 1993 - Quarterly Review

The CAPM Is Alive and Well

Ravi Jagannathan, Zhenyu Wang
November 1993 - Staff Report

Interview with Anna J. Schwartz

Noted economist Anna J. Schwartz shares her thoughts on money, banking and Trollope.
David Fettig
September 1993 - The Region

On the Relation Between the Expected Value and the Volatility of the Nominal Excess Return on Stocks

David E. Runkle, Lawrence R. Glosten, Ravi Jagannathan
August 1993 - Staff Report

A Contingent Claim Approach to Performance Evaluation

Lawrence R. Glosten, Ravi Jagannathan
July 1993 - Staff Report

Guaranteeing Disaster

Moral hazard in the insurance industry.
Martha L. Starr
March 1993 - The Region

The road to a unified currency: Two views

fedgazette Editorial
October 1992 - fedgazette

SPDAs and GICs: Like Money in the Bank?

Neil Wallace, Richard M. Todd
July 1992 - Quarterly Review

The Dichotomy Becomes Reality: Ten Years of the Federal Reserve as Regulator and Competitor

Excerpt from the Minneapolis Fed's 1991 Annual Report
David Fettig, Leonard W. Fernelius
June 1992 - The Region

Interview with Susan M. Phillips

Susan M. Phillips knows her way around the futures industry but faces new challenges as a Federal Reserve Board governor. Phillips shares her impressions of both in this interview.
David Levy
March 1992 - The Region

Liquidity Constraints in Economies With Aggregate Fluctuations: A Quantitative Exploration

Edward C. Prescott, Javier Díaz-Giménez
January 1992 - Staff Report

Can a "Credit Crunch" Be Efficient?

Edward J. Green, Soo Nam Oh
September 1991 - Quarterly Review

Investigating the Banking Consolidating Trend

John H. Boyd, Stanley L. Graham
September 1991 - The Region

The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation

John H. Boyd
September 1991 - The Region

Whither the Credit Crunch?

Top of the Ninth
Gary H. Stern
September 1991 - The Region

Contracts, Constraints, and Consumption

Edward J. Green, Soo Nam Oh
August 1991 - Staff Report

Federal budget reforms: why they aren't working and what we can do about it

fedgazette Editorial
V. V. Chari
July 1991 - fedgazette

Investigating the Banking Consolidation Trend

John H. Boyd, Stanley L. Graham
April 1991 - Quarterly Review

A Discussion of Cooley and Hansen’s “Welfare Costs of Moderate Inflations”

Randall Wright
February 1991 - Staff Report

Seigniorage as a Tax: A Quantitative Evaluation

Edward C. Prescott, Ayse Imrohoroglu
January 1991 - Staff Report

A Suggestion for Oversimplifying the Theory of Money

Neil Wallace
December 1990 - Quarterly Review

Deposit Insurance Reform; or, Deregulation Is the Cart, Not the Horse

John H. Kareken
December 1990 - Quarterly Review

A Banking Model in Which Partial Suspension Is Best

Neil Wallace
September 1990 - Quarterly Review

Deflating the Case for Zero Inflation

S. Rao Aiyagari
July 1990 - Quarterly Review

The Simple Analytics of Commodity Futures Markets: Do They Stabilize Prices? Do They Raise Welfare?

V. V. Chari, Ravi Jagannathan
July 1990 - Quarterly Review

Interview with Clyde Farnsworth

David Levy
June 1990 - The Region

Safeguards to the U.S. Banking System Should Not Be Dismantled

Top of the Ninth
Melvin L. Burstein
June 1990 - The Region

Vector Autoregression Evidence on Monetarism: Another Look at the Robustness Debate

Richard M. Todd
April 1990 - Quarterly Review

Duality and Arbitrage With Transactions Costs: Theory and Applications

Michael J. Stutzer
November 1989 - Staff Report

A Contribution to the Pure Theory of Money

Nobuhiro Kiyotaki, Randall Wright
August 1989 - Staff Report

Bank Failures, Financial Restrictions, and Aggregate Fluctuations: Canada and the United States, 1870–1913

Stephen D. Williamson
July 1989 - Quarterly Review

Banking Without Deposit Insurance or Bank Panics: Lessons From a Model of the U.S. National Banking System

V. V. Chari
July 1989 - Quarterly Review

Unpleasant Budget Arithmetic Revisited

Top of the Ninth
Gary H. Stern
May 1989 - The Region

Restrictions on Financial Intermediaries and Implications for Aggregate Fluctuations: Canada and the United States, 1870–1913

Stephen D. Williamson
April 1989 - Staff Report

On the Denomination of Government Debt: A Critique of the Portfolio Balance Approach

Patrick J. Kehoe, David K. Backus
November 1988 - Staff Report

Another Attempt to Explain an Illiquid Banking System: The Diamond and Dybvig Model With Sequential Service Taken Seriously

Neil Wallace
September 1988 - Quarterly Review

Time Consistency and Optimal Policy Design

V. V. Chari
September 1988 - Quarterly Review

The Relationship Between Money and Prices: Some Historical Evidence Reconsidered

Bruce D. Smith
July 1988 - Quarterly Review

Explaining the Demand for Free Bank Notes

Arthur J. Rolnick, Warren E. Weber
April 1988 - Quarterly Review

The Profitability and Risk Effects of Allowing Bank Holding Companies to Merge With Other Financial Firms: A Simulation Study

John H. Boyd, Stanley L. Graham
April 1988 - Quarterly Review

International Financial Intermediation and Aggregate Fluctuations Under Alternative Exchange Rate Regimes

Jeremy Greenwood, Stephen D. Williamson
February 1988 - Staff Report

Monetary Targeting in a Dynamic Macro Model

William Roberds
July 1987 - Staff Report

Recent Developments in Modeling Financial Intermediation

Stephen D. Williamson
July 1987 - Quarterly Review

The Benefits of Bank Deposit Rate Ceilings: New Evidence on Bank Rates and Risk in the 1920s

Arthur J. Rolnick
July 1987 - Quarterly Review

Seasonalities in Security Returns: The Case of Earnings Announcements

V. V. Chari, Aharon R. Ofer, Ravi Jagannathan
April 1987 - Staff Report

Money Does Granger-Cause Output in the Bivariate Money—Output Relation

Lawrence J. Christiano, Lars Ljungqvist
February 1987 - Staff Report

Vector Autoregressions and Reality

David E. Runkle
February 1987 - Staff Report

Are Forecasting Models Usable for Policy Analysis?

Christopher A. Sims
December 1986 - Quarterly Review

Gresham's Law or Gresham's Fallacy?

Arthur J. Rolnick, Warren E. Weber
December 1986 - Quarterly Review

Do Sterilized Interventions Affect Exchange Rates?

Warren E. Weber
July 1986 - Quarterly Review

Money and the U.S. Economy in the 1980s: A Break From the Past?

Lawrence J. Christiano
July 1986 - Quarterly Review

A Visible Hand: The Fed's Involvement in the Check Payments System

Clarence W. Nelson, James N. Duprey
April 1986 - Quarterly Review

Risk, Regulation, and Bank Holding Company Expansion Into Nonbanking

John H. Boyd, Stanley L. Graham
April 1986 - Quarterly Review

A Reply to Darby

Preston J. Miller, Thomas J. Sargent
December 1985 - Quarterly Review

A Shred of Evidence on Public Acceptance of Privately Issued Currency

Neil Wallace, Martin Eichenbaum
December 1985 - Quarterly Review

Deficits, Interest Rates, and the Tax Distribution

S. Rao Aiyagari
December 1985 - Quarterly Review

Some Pleasant Monetarist Arithmetic

Michael R. Darby
December 1985 - Quarterly Review

Some Unpleasant Monetarist Arithmetic

Thomas J. Sargent
December 1985 - Quarterly Review

How Monetary Policy in 1985 Affects the Outlook

Robert B. Litterman
September 1985 - Quarterly Review

Taking Stock of the Farm Credit System: Riskier for Farm Borrowers

Richard M. Todd
September 1985 - Quarterly Review

Adjustable Rate Mortgages: Increasing Efficiency More Than Housing Activity

Michael J. Stutzer, William Roberds
July 1985 - Quarterly Review

Banking Instability and Regulation in the U.S. Free Banking Era

Arthur J. Rolnick, Warren E. Weber
July 1985 - Quarterly Review

International Coordination of Macroeconomic Policies: A Welfare Analysis

Neil Wallace, Preston J. Miller
April 1985 - Quarterly Review

Money and Inflation in Colonial Massachusetts

Bruce D. Smith
December 1984 - Quarterly Review

Some of the Choices for Monetary Policy

Neil Wallace
December 1984 - Quarterly Review

Forecasting and Policy Analysis With Bayesian Vector Autoregression Models

Robert B. Litterman
September 1984 - Quarterly Review

Money Market Mutual Funds Are Hardly Money

Danny Quah, Gary H. Stern, Thomas M. Supel
July 1984 - Quarterly Review

Probable Future Competition in Banking Antitrust Determination: Research Findings

Michael J. Stutzer
July 1984 - Quarterly Review

A Reply to Darby

Preston J. Miller, Thomas J. Sargent
April 1984 - Quarterly Review

Some Pleasant Monetarist Arithmetic

Michael R. Darby
April 1984 - Quarterly Review

A Legal Restrictions Theory of the Demand for "Money" and the Role of Monetary Policy

Neil Wallace
December 1983 - Quarterly Review

Speculations About the Speculation Against the Hong Kong Dollar

Neil Wallace, David T. Beers, Thomas J. Sargent
September 1983 - Quarterly Review

Deposit Insurance Reform or Deregulation Is the Cart, Not the Horse

John H. Kareken
April 1983 - Quarterly Review

Free Banking, Wildcat Banking, and Shinplasters

Arthur J. Rolnick, Warren E. Weber
September 1982 - Quarterly Review

Optimal Control of the Money Supply

Robert B. Litterman
September 1982 - Quarterly Review

How the Fed Defines and Measures Money

James N. Duprey
June 1982 - Quarterly Review

Commercial Banking as a Line of Commerce: An Appraisal

John H. Kareken
December 1981 - Quarterly Review

Limited Branching in Minnesota: Its Impact on Banking Consumers

Stanley L. Graham
December 1981 - Quarterly Review

Some Unpleasant Monetarist Arithmetic

Neil Wallace, Thomas J. Sargent
September 1981 - Quarterly Review

Deregulating Commercial Banks: The Watchword Should Be Caution

John H. Kareken
June 1981 - Quarterly Review

Integrating Micro and Macroeconomics: An Application to Credit Controls

Neil Wallace
September 1980 - Quarterly Review

The Search for a Stable Money Demand Equation

James N. Duprey
July 1980 - Quarterly Review

A Case for Branch Banking in Montana

Arthur J. Rolnick, Stanley L. Graham
April 1980 - Quarterly Review

A Case for Variable Rate Mortgages

John P. Danforth
December 1979 - Quarterly Review

Is the Fed's Seasonal Borrowing Privilege Justified?

Stanley L. Graham
September 1979 - Quarterly Review

Are Interest Rates Too High?

Mark H. Willes
September 1978 - Quarterly Review

Looking for Evidence of Noncompetitive Behavior in Minnesota's Banking Industry

Arthur J. Rolnick, David S. Dahl, Stanley L. Graham
September 1977 - Quarterly Review

Bank Regulation: Strengthening Friedman's Case for Reform

Arthur J. Rolnick
July 1977 - Quarterly Review

Why the Fed Should Consider Holding M0 Constant

Neil Wallace
July 1977 - Quarterly Review

View: 15 All

 
Latest

Movin' on up, fedgazette, October 2014