Public Policy Discussion Papers
Public Policy Discussion Papers present new policy research, research surveys, or research bearing on policy issues. The papers are written for policymakers, informed business people, and academics by economists at the Boston Fed, and many of them present research intended for professional journals. The series began in 2004 with Number 04-1.
Full text of papers are available in portable document
format (PDF).
Latest Papers
| No. 12-5 "Foreclosure Externalities: Some New Evidence" by Kristopher S. Gerardi, Eric Rosenblatt, Paul S. Willen, and Vincent W. Yao |
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| No. 12-4 "Shifting Confidence in Homeownership: The Great Recession" by Anat Bracha and Julian C. Jamison |
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| No. 12-3 “The Supplemental Security Income Program and Welfare Reform” by Lucie Schmidt |
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| No. 12-2 “Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis” by Christopher L. Foote, Kristopher S. Gerardi, and Paul S. Willen |
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| No. 12-1 “Effects of Credit Scores on Consumer Payment Choice” by Fumiko Hayashi and Joanna Stavins |
2011 Papers
| No. 11-10 “Account-to-Account Electronic Money Transfers: Recent Developments in the United States” by Oz Shy A subsequent version of this paper was published in Review of Network Economics vol. 11, no. 1 (March 2012): 1-23. |
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| No. 11-9 “Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process” by Kristopher Gerardi, Lauren Lambie‐Hanson, and Paul S. Willen |
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| No. 11-8 “Economic Literacy and Inflation Expectations: Evidence from a Laboratory Experiment” by Mary A. Burke and Michael Manz |
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| No. 11-7 “Quantifying the Role of Federal and State Taxes in Mitigating Income Inequality” by Daniel H. Cooper, Byron F. Lutz, and Michael G. Palumbo |
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| No. 11-6 “Securitization and Moral Hazard: Evidence from Credit Score Cutoff Rules” by Ryan Bubb and Alex Kaufman |
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| No. 11-5 “Classroom Peer Effects and Student Achievement” by Mary A. Burke and Tim R. Sass |
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No. 11-4 |
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| No. 11-3 “Oil and the Macroeconomy in a Changing World: A Conference Summary” by Christopher L. Foote and Jane S. Little |
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| No. 11-2 “Adopting, Using, and Discarding Paper and Electronic Payment Instruments: Variation by Age and Race” by Ronald J. Mann |
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No. 11-1 |
2010 Papers
No. 10-6 |
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| No. 10-5 “Reasonable People Did Disagree: Optimism and Pessimism About the U.S. Housing Market Before the Crash” by Kristopher S. Gerardi, Christopher L. Foote, and Paul S. Willen |
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| No. 10-4 “$1.25 Trillion is Still Real Money: Some Facts About the Effects of the Federal Reserve’s Mortgage Market Investments” by Andreas Fuster and Paul S. Willen |
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| No. 10-3 “Who Gains and Who Loses from Credit Card Payments? Theory and Calibrations” by Scott Schuh, Oz Shy, and Joanna Stavins |
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No. 10-2 |
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No. 10-1 |
2009 Papers
No. 09-11 |
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No. 09-10 |
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No. 09-9 |
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No. 09-8 |
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| No. 09-7 “Did Easy Credit Lead to Overspending? Home Equity Borrowing and Household Behavior in the Early 2000s” by Daniel Cooper (Revised in March 2010) |
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No. 09-6 |
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No. 09-5 |
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No. 09-4 |
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| No. 09-3 “Reviving Mortgage Securitization: Lessons from the Brady Plan and Duration Analysis” by Fabià Gumbau-Brisa and Catherine L. Mann |
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| No. 09-2 “Reducing Foreclosures” by Christopher L. Foote, Kristopher S. Gerardi, Lorenz Goette, and Paul S. Willen |
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| No. 09-1 “Making Sense of the Subprime Crisis” by Kristopher S. Gerardi, Andreas Lehnert, Shane M. Sherlund, and Paul S. Willen |
2008 Papers
| No. 08-6 “Subprime Mortgages, Foreclosures, and Urban Neighborhoods” by Kristopher S. Gerardi and Paul S. Willen |
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No. 08-5 |
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| No. 08-4 “A New Approach to Raising Social Security’s Earliest Eligibility Age” by Kelly Haverstick, Margarita Sapozhnikov, Robert K. Triest, and Natalia Zhivan |
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No. 08-3 |
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No. 08-2 |
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No.
08-1 |
2007 Papers
No. 07-5 |
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| No. 07-4 “Consumer Behavior and Payment Choice: 2006 Conference Summary” by Margaret Carten, Dan Littman, Scott Schuh, and Joanna Stavins |
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No.
07-3 |
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| No.
07-2 “Optimal Retirement Asset Decumulation Strategies: The Impact of Housing Wealth” by Wei Sun, Robert K. Triest, and Anthony Webb |
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| No.
07-1 “The Boston Fed Study of Consumer Behavior and Payment Choice: A Survey of Federal Reserve System Employees” by Marques Benton, Krista Blair, Marianne Crowe, and Scott Schuh |
2006 Papers
| No.
06-7 “Managing the Risk in Pension Plans and Recent Pension Reforms” by Richard W. Kopcke |
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| No.
06-6 “Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market” by Kristopher Gerardi, Harvey S. Rosen, and Paul Willen |
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No.
06-5 |
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No.
06-4 |
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| No.
06-3 “Risk Bearing, Implicit Financial Services, and Specialization in the Financial Industry” by J. Christina Wang and Susanto Basu |
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No.
06-2 |
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| No.
06-1 “Consumer Behavior and Payment Choice: A Conference Summary” by Marianne Crowe, Scott Schuh, and Joanna Stavins |
2005 Papers
| No. 05-4 “Deciding to Distrust” by Iris Bohnet and Stephan Meier |
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| No. 05-3 “Lifecycle Prices and Production” by Mark Aguiar and Erik Hurst |
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| No. 05-2 “Alternative Measures of the Federal Reserve Banks’ Cost of Equity Capital” by Michelle L. Barnes and Jose A. Lopez |
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No. 05-1 |
2004 Papers
No. 04-10 |
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No. 04-9 |
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No. 04-8 |
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| No. 04-7 “Do Bank Mergers Affect Federal Reserve Check Volume?” by Joanna Stavins |
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No. 04-6 |
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No. 04-5 |
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No.
04-4 |
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| No. 04-3 “Wives’ Work and Family Income Mobility” by Katharine Bradbury and Jane Katz |
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No.
04-2 |
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No.
04-1 |
For questions or feedback about the Public Policy Discussion Papers, please contact:
Suzanne Lorant
Director of Research Publications
suzanne.lorant@bos.frb.org
In addition to these Public Policy Discussion Papers, you may be interested in the Boston Fed's Working Papers Series, which presents statistical or technical studies intended for professional journals. Prepared by economists in the Boston Fed’s Research Department, they are written for and seek input from scholars and informed specialists.
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