Finance and Economics Discussion Series
2008 FEDS Papers
2008-22 (May)
The Two-Period Rational Inattention Model: Accelerations and Analyses
Kurt F. Lewis
Abstract | Full paper (312 KB PDF) | Full paper (Screen Reader Version)
The Two-Period Rational Inattention Model: Accelerations and Analyses
Kurt F. Lewis
Abstract | Full paper (312 KB PDF) | Full paper (Screen Reader Version)
2008-21 (April)
Nested Simulation in Portfolio Risk Measurement
Michael B. Gordy and Sandeep Juneja
Abstract | Full paper (323 KB PDF) | Full paper (Screen Reader Version)
Nested Simulation in Portfolio Risk Measurement
Michael B. Gordy and Sandeep Juneja
Abstract | Full paper (323 KB PDF) | Full paper (Screen Reader Version)
2008-20 (April)
A New Look at the Wealth Adequacy of Older U.S. Households
David A. Love, Paul A. Smith, and Lucy C. McNair
Abstract | Full paper (284 KB PDF) | Full paper (Screen Reader Version)
A New Look at the Wealth Adequacy of Older U.S. Households
David A. Love, Paul A. Smith, and Lucy C. McNair
Abstract | Full paper (284 KB PDF) | Full paper (Screen Reader Version)
2008-19 (April)
Happiness Maintenance and Asset Prices
Antonio Falato
Abstract | Full paper (316 KB PDF) | Full paper (Screen Reader Version)
Happiness Maintenance and Asset Prices
Antonio Falato
Abstract | Full paper (316 KB PDF) | Full paper (Screen Reader Version)
2008-18 (April)
Exchange Rates, Optimal Debt Composition, and Hedging in Small Open Economies
Jose Berrospide
Abstract | Full paper (305 KB PDF) | Full paper (Screen Reader Version)
Exchange Rates, Optimal Debt Composition, and Hedging in Small Open Economies
Jose Berrospide
Abstract | Full paper (305 KB PDF) | Full paper (Screen Reader Version)
2008-17 (April)
Expectations of Risk and Return Among Household Investors: Are Their Sharpe Ratios Countercyclical?
Gene Amromin and Steven A. Sharpe
Abstract | Full paper (374 KB PDF) | Full paper (Screen Reader Version)
Expectations of Risk and Return Among Household Investors: Are Their Sharpe Ratios Countercyclical?
Gene Amromin and Steven A. Sharpe
Abstract | Full paper (374 KB PDF) | Full paper (Screen Reader Version)
2008-16 (April)
Corporate Hedging, Investment and Value
Jose M. Berrospide, Amiyatosh Purnanandam, and Uday Rajan
Abstract | Full paper (263 KB PDF) | Full paper (Screen Reader Version)
Corporate Hedging, Investment and Value
Jose M. Berrospide, Amiyatosh Purnanandam, and Uday Rajan
Abstract | Full paper (263 KB PDF) | Full paper (Screen Reader Version)
2008-15 (April)
Lack of Signal Error (LoSE) and Implications for OLS Regression: Measurement Error for Macro Data
Jeremy J. Nalewaik
Abstract | Full paper (301 KB PDF) | Full paper (Screen Reader Version)
Lack of Signal Error (LoSE) and Implications for OLS Regression: Measurement Error for Macro Data
Jeremy J. Nalewaik
Abstract | Full paper (301 KB PDF) | Full paper (Screen Reader Version)
2008-14 (March)
Firm Dynamics with Infrequent Adjustment and Learning
Eugenio Pinto
Abstract | Full paper (426 KB PDF) | Full paper (Screen Reader Version)
Firm Dynamics with Infrequent Adjustment and Learning
Eugenio Pinto
Abstract | Full paper (426 KB PDF) | Full paper (Screen Reader Version)
2008-13 (March)
The Trajectory of Wealth in Retirement
David A. Love, Michael G. Palumbo, and Paul A. Smith
Abstract | Full paper (23 KB PDF) | Full paper (Screen Reader Version)
The Trajectory of Wealth in Retirement
David A. Love, Michael G. Palumbo, and Paul A. Smith
Abstract | Full paper (23 KB PDF) | Full paper (Screen Reader Version)
2008-12 (March)
The Effect of Satellite Entry on Product Quality for Cable Television
Chenghuan Sean Chu
Abstract | Full paper (518 KB PDF) | Full paper (Screen Reader Version)
The Effect of Satellite Entry on Product Quality for Cable Television
Chenghuan Sean Chu
Abstract | Full paper (518 KB PDF) | Full paper (Screen Reader Version)
2008-11 (March)
Paying to Save: Tax Withholding and Asset Allocation Among Low- and Moderate-Income Taxpayers
Michael S. Barr and Jane K. Dokko
Abstract | Full paper (281 KB PDF) | Full paper (Screen Reader Version)
Paying to Save: Tax Withholding and Asset Allocation Among Low- and Moderate-Income Taxpayers
Michael S. Barr and Jane K. Dokko
Abstract | Full paper (281 KB PDF) | Full paper (Screen Reader Version)
2008-10 (March)
Does the NEA Crowd Out Private Charitable Contributions to the Arts?
Jane K. Dokko
Abstract | Full paper (297 KB PDF) | Full paper (Screen Reader Version)
Does the NEA Crowd Out Private Charitable Contributions to the Arts?
Jane K. Dokko
Abstract | Full paper (297 KB PDF) | Full paper (Screen Reader Version)
2008-09 (March)
The Human Capital That Matters: Expected Returns and the Income of Affluent Households
Sean D. Campbell and George M. Korniotis
Abstract | Full paper (186 KB PDF) | Full paper (Screen Reader Version)
The Human Capital That Matters: Expected Returns and the Income of Affluent Households
Sean D. Campbell and George M. Korniotis
Abstract | Full paper (186 KB PDF) | Full paper (Screen Reader Version)
2008-08 (February)
The "Growing Pains" of TIPS Issuance
Jennifer E. Roush
Abstract | Full paper (96 KB PDF) | Full paper (Screen Reader Version)
The "Growing Pains" of TIPS Issuance
Jennifer E. Roush
Abstract | Full paper (96 KB PDF) | Full paper (Screen Reader Version)
2008-07 (February)
Alternatives for Distressed Banks and the Panics of the Great Depression
Mark Carlson
Abstract | Full paper (264 KB PDF) | Full paper (Screen Reader Version)
Alternatives for Distressed Banks and the Panics of the Great Depression
Mark Carlson
Abstract | Full paper (264 KB PDF) | Full paper (Screen Reader Version)
2008-06 (February)
Challenges in Macro-Finance Modeling
Don Kim
Abstract | Full paper (445 KB PDF) | Full paper (Screen Reader Version)
Challenges in Macro-Finance Modeling
Don Kim
Abstract | Full paper (445 KB PDF) | Full paper (Screen Reader Version)
2008-05 (May)
The TIPS Yield Curve and Inflation Compensation
Refet S. Gürkaynak, Brian Sack, and Jonathan H. Wright
Abstract | Full paper (287 KB PDF) | Full paper (Screen Reader Version) | Data - Excel file (1.8 MB XLS) | Data - Screen reader
The TIPS Yield Curve and Inflation Compensation
Refet S. Gürkaynak, Brian Sack, and Jonathan H. Wright
Abstract | Full paper (287 KB PDF) | Full paper (Screen Reader Version) | Data - Excel file (1.8 MB XLS) | Data - Screen reader
2008-04 (February)
Footnotes Aren’t Enough: The Impact of Pension Accounting on Stock Values
Julia Coronado, Olivia S. Mitchell, Steven A. Sharpe, and S. Blake Nesbitt
Abstract | Full paper (418 KB PDF) | Full paper (Screen Reader Version)
Footnotes Aren’t Enough: The Impact of Pension Accounting on Stock Values
Julia Coronado, Olivia S. Mitchell, Steven A. Sharpe, and S. Blake Nesbitt
Abstract | Full paper (418 KB PDF) | Full paper (Screen Reader Version)
2008-03 (February)
Monetary Policy Actions and Long-Run Inflation Expectations
Michael T. Kiley
Abstract | Full paper (150 KB PDF) | Full paper (Screen Reader Version)
Monetary Policy Actions and Long-Run Inflation Expectations
Michael T. Kiley
Abstract | Full paper (150 KB PDF) | Full paper (Screen Reader Version)
2008-02 (January)
Recent Trends in the Number and Size of Bank Branches: An Examination of Likely Determinants
Timothy H. Hannan and Gerald A. Hanweck
Abstract | Full paper (131 KB PDF) | Full paper (Screen Reader Version)
Recent Trends in the Number and Size of Bank Branches: An Examination of Likely Determinants
Timothy H. Hannan and Gerald A. Hanweck
Abstract | Full paper (131 KB PDF) | Full paper (Screen Reader Version)
2008-01 (January)
The Jumbo-Conforming Spread: A Semiparametric Approach
Shane M. Sherlund
Abstract | Full paper (403 KB PDF) | Full paper (Screen Reader Version)
The Jumbo-Conforming Spread: A Semiparametric Approach
Shane M. Sherlund
Abstract | Full paper (403 KB PDF) | Full paper (Screen Reader Version)