Economic Research
Economic ResearchTopic - Financial Economics
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
Default and the Maturity Structure in Sovereign Bonds
Cristina Arellano, Ananth Ramanarayanan
August 2008 - Staff Report
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
