2002-60 (January 2003) What's Happened at Divested Bank Offices? An Empirical Analysis of Antitrust Divestitures in Bank Mergers
Steven J. Pilloff Abstract
| Full paper (94 KB PDF)
2002-59 (December) State Capital Taxes and the Location of Investment: Empirical Lessons from Theoretical Models of Tax Competition
Brian Knight Abstract
| Full paper (234 KB PDF)
2002-58 (December) Demand Estimation and Consumer Welfare in the Banking Industry
Astrid A. Dick Abstract
| Full paper (422 KB PDF)
2002-57 (December) Scale Economies, Scope Economies, and Technical Change in Federal Reserve Payment Processing
Robert M. Adams, Paul W. Bauer, and Robin C. Sickles Abstract
| Full paper (218 KB PDF)
2002-56 (December) Extracting the Expected Path of Monetary Policy from Futures Rates
Brian Sack Abstract
| Full paper (481 KB PDF)
2002-55 (November) A Risk-Factor Model Foundation for Ratings-Based Bank Capital Rules
Michael B. Gordy Abstract
| Full paper (213 KB PDF)
2002-54 (November) Capital Structure and Firm Performance: A New Approach to Testing Agency Theory and an Application to the Banking Industry
Allen N. Berger and Emilia Bonaccorsi di Patti Abstract
| Full paper (289 KB PDF)
2002-53 (November) A Note on the Cointegration of Consumption, Income, and Wealth
Jeremy Rudd and Karl Whelan Abstract
| Full paper (205 KB PDF)
2002-52 (November) Market Power in Outputs and Inputs: An Empirical Application to Banking
Robert M. Adams, Lar-Hendrik Roeller, and Robin C. Sickles Abstract
| Full paper (256 KB PDF)
2002-50 (October) The Economic Effects of Technological Progress: Evidence from the Banking Industry
Allen N. Berger Abstract
| Full paper (315 KB PDF)
2002-49 (October) The Geographic Scope of Retail Deposit Markets
Erik Heitfield and Robin A. Prager Abstract
| Full paper (93 KB PDF)
2002-48 (October) The S&P 500 Effect: Not Such Good News in the Long Run
Daniel Cooper and Geoffrey Woglom Abstract
| Full paper (797 KB PDF)
2002-47 (October) Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence
Dean Amel, Colleen Barnes, Fabio Panetta, and Carmelo Salleo Abstract
| Full paper (2493 KB PDF)
2002-46 (October) Market Discipline in Banking Reconsidered: The Roles of Deposit Insurance Reform, Funding Manager Decisions and Bond Market Liquidity
Daniel M. Covitz, Diana Hancock, and Myron L. Kwast Abstract
| Full paper (678 KB PDF)
2002-45 (October) Insolvency or Liquidity Squeeze? Explaining Very Short-Term Corporate Yield Spreads
Dan Covitz and Chris Downing Abstract
| Full paper (248 KB PDF)
2002-44 (October) Household Switching Behavior at Depository Institutions: Evidence from Survey Data
Elizabeth K. Kiser Abstract
| Full paper (81 KB PDF)
2002-42 (September) Measuring the Cost Impact of Hospital Information Systems: 1987-1994
Ron Borzekowski Abstract
| Full paper (223 KB PDF)
2002-41 (September) Health Care Finance and the Early Adoption of Hospital Information Systems
Ron Borzekowski Abstract
| Full paper (249 KB PDF)
2002-40 (September) Market-Based Measures of Monetary Policy Expectations
Refet S. Gurkaynak, Brian Sack, and Eric Swanson Abstract
| Full paper (442 KB PDF)
2002-39 (September) Trading Activity and Price Volatility in the Municipal Bond Market
Chris Downing and Frank Zhang Abstract
| Full paper (358 KB PDF)
2002-38 (September) On the Relationships between Real Consumption, Income, and Wealth
Michael Palumbo, Jeremy Rudd, and Karl Whelan Abstract
| Full paper (275 KB PDF)
2002-37 (September) The Role of Semiconductor Inputs in IT Hardware Price Decline: Computers vs. Communications
Ana Aizcorbe, Kenneth Flamm, and Anjum Khurshid Abstract
| Full paper (112 KB PDF)
2002-36 (September) Investor Behavior and the Purchase of Company Stock in 401(k) Plans -- The Importance of Plan Design
Nellie Liang and Scott Weisbenner Abstract
| Full paper (175 KB PDF)
2002-35 (August) Small Business Loan Turndowns, Personal Wealth and Discrimination
Ken Cavalluzzo and John Wolken Abstract
| Full paper (83 KB PDF)
2002-34 (September) The Extreme Bounds of the Cross-Section of Expected Stock Returns
J. Benson Durham Abstract
| Full paper (316 KB PDF)
2002-33 (July) Nature or Nurture: Why Do 401(k) Participants Save Differently than Other Workers?
Karen M. Pence Abstract
| Full paper (76 KB PDF)
2002-32 (August) Treasury Inflation-Indexed Debt: A Review of the U.S. Experience
Brian Sack and Robert Elsasser Abstract
| Full paper (177 KB PDF)
2002-31 (June) Technological Progress and the Geographic Expansion of the Banking Industry
Allen N. Berger and Robert DeYoung Abstract
| Full paper (309 KB PDF)
2002-30 (June) Does the Labor Share of Income Drive Inflation?
Jeremy Rudd and Karl Whelan Abstract
| Full paper (219 KB PDF)
2002-29 (June) Information Technology and Productivity: Where Are We Now and Where Are We Going?
Stephen D. Oliner and Daniel E. Sichel Abstract
| Full paper (621 KB PDF)
2002-28 (June) What Drives the Persistent Competitiveness of Small Banks?
Tom Brady and William Bassett Abstract
| Full paper (143 KB PDF)
2002-27 (June) Imperfect Knowledge, Inflation Expectations, and Monetary Policy
Athanasios Orphanides and John C. Williams Abstract
| Full paper (193 KB PDF)
2002-26 (June) Credit Scoring and the Availability, Price, and Risk of Small Business Credit
Allen N. Berger, W. Scott Frame, and Nathan H. Miller Abstract
| Full paper (137 KB PDF)
2002-25 (May) To What Extent Will the Banking Industry Be Globalized? A Study of Bank Nationality and Reach in 20 European Nations
Allen N. Berger, Qinglei Dai, Steven Ongena, and David C. Smith Abstract
| Full paper (1417 KB PDF)
2002-24 (May) Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules
William B. English, William R. Nelson, and Brian P. Sack Abstract
| Full paper (138 KB PDF)
2002-23 (May) The Home Market and the Pattern of Trade: Round Three
Thomas J. Holmes and John J. Stevens Abstract
| Full paper (366 KB PDF)
2002-22 (May) Increasing Returns and Optimal Oscillating Labor Supply
William D. Dupor and Andreas Lehnert Abstract
| Full paper (422 KB PDF)
2002-20 (April) Why Are Semiconductor Prices Falling So Fast? Industry Estimates and Implications for Productivity Measurement
Ana Aizcorbe Abstract
| Full paper (112 KB PDF)
2002-19 (April) Does the Community Reinvestment Act (CRA) Cause Banks to Provide a Subsidy to Some Mortgage Borrowers?
Glenn B. Canner, Elizabeth Laderman, Andreas Lehnert, and Wayne Passmore Abstract
| Full paper (278 KB PDF)
2002-18 (April) Firm, Owner, and Financing Characteristics: Differences between Female- and Male-owned Small Businesses
Alicia Robb and John Wolken Abstract
| Full paper (90 KB PDF)
2002-17 (April) Geographic Concentration and Establishment Size: Analysis in an Alternative Economic Geography Model
Thomas J. Holmes and John J. Stevens Abstract
| Full paper (459 KB PDF)
2002-16 (March) Is Reallocation Related to the Cycle? A Look at Permanent and Temporary Job Flows
Andrew Figura Abstract
| Full paper (630 KB PDF)
2002-14 (March) Consumption, Debt and Portfolio Choice: Testing the Effect of Bankruptcy Law
Andreas Lehnert and Dean M. Maki Abstract
| Full paper (324 KB PDF)
2002-10 (January) Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences
Jason G. Cummins and Giovanni L. Violante Abstract
| Full paper (667 KB PDF)
2002-09 (June 2003) Avoiding Nash Inflation: Bayesian and Robust Responses to Model Uncertainty
Robert J. Tetlow and Peter von zur Muehlen Abstract
| Full paper (452 KB PDF)
2002-07 (February 2003) How Does the Market Interpret Analysts' Long-Term Growth Forecasts?
Steven A. Sharpe Abstract
| Full paper (238 KB PDF)
2002-05 (January) Rule-of-Thumb Behaviour and Monetary Policy
Jeffery D. Amato and Thomas Laubach Abstract
| Full paper (505 KB PDF)
2002-04 (January) The Impact of Monetary Policy on Asset Prices
Roberto Rigobon and Brian Sack Abstract
| Full paper (338 KB PDF)