Research & Data

image of federal reserve bank of boston The Federal Reserve Bank of Boston, as part of the Federal Reserve System, promotes price stability and sustainable growth in New England and the nation. In support of this function, the Bank’s economists advise Federal Reserve decision-makers on monetary policy and financial markets. They conduct innovative research to further our understanding of monetary policy, the national and regional economy, markets, and supervisory policy. Through presentations, papers, publications, conferences, and advisory activities, they share their insights and expertise with fellow professionals, policymakers, and the public at large.

Latest Research

Sovereign Default Risk and Uncertainty Premia
by Demian Pouzo and Ignacio Presno
Working Paper No. 12-11

Fiscal Devaluations
by Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki
Working Paper No. 12-10

Potential Effects of the Great Recession on the U.S. Labor Market
by William T. Dickens and Robert K. Triest
Working Paper No. 12-9

U.S. Household Deleveraging: What Do the Aggregate and Household-Level Data Tell Us?
by Daniel Cooper
Public Policy Brief No. 12-2

Core Competencies, Matching, and the Structure of Foreign Direct Investment: An Update
by Federico J. Díez and Alan C. Spearot
Working Paper No. 12-8

Foreclosure Externalities: Some New Evidence
by Kristopher S. Gerardi, Eric Rosenblatt, Paul S. Willen, and Vincent W. Yao
Public Policy Discussion Paper No. 12-5

Research Review
Overview of recent research by economists of the Research Department
Issue Number 17

Knightian Uncertainty and Interbank Lending
by Matthew Pritsker
RPA Working Paper No. 12-4

The Stability of Prime Money Market Mutual Funds: Sponsor Support from 2007 to 2011
by Steffanie A. Brady, Ken E. Anadu, and Nathaniel R. Cooper
RPA Working Paper No. 12-3

Current Economic Conditions
President's Report to the Board of Directors

August 2012

Shifting Confidence in Homeownership: The Great Recession
by Anat Bracha and Julian C. Jamison
Public Policy Discussion Paper No. 12-4

Measuring Household Spending and Payment Habits: The Role of
'Typical' and 'Specific' Time Frames in Survey Questions
by Marco Angrisani, Arie Kapteyn, and Scott Schuh
Working Paper No. 12-7

Relative Pay and Labor Supply
by Anat Bracha and Uri Gneezy
Working Paper No. 12-6

Selecting Public Goods Institutions: Who Likes to Punish and Reward?
by Michalis Drouvelis and Julian C. Jamison
Working Paper No. 12-5

The Supplemental Security Income Program and Welfare Reform
by Lucie Schmidt
Public Policy Discussion Paper No. 12-3

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
Public Policy Discussion Paper No. 12-2

Investment in Customer Recognition and Information Exchange
by Oz Shy and Rune Stenbacka
Working Paper No. 12-4

Long-Term Inequality and Mobility
by Katharine Bradbury
Public Policy Brief No. 12-1

When the Tide Goes Out: Unemployment Insurance Trust Funds and the Great Recession, Lessons for and from New England
by Jennifer Weiner
NEPPC Research Report No. 12-1

Bank Diversification, Market Structure and Bank Risk Taking: Theory and Evidence from U.S. Commercial Banks
by Martin Goetz
QAU Working Paper No. 12-2

Valuable Cheap Talk and Equilibrium Selection
by Julian C. Jamison
Working Paper No. 12-3

How Consumers Pay: Adoption and Use of Payments
by Scott Schuh and Joanna Stavins
Working Paper No. 12-2

Evaluating the Impact of Fair Value Accounting on Financial Institutions: Implications for Accounting Standards Setting and Bank Supervision
by Sanders Shaffer
QAU Working Paper No. 12-1

Effects of Credit Scores on Consumer Payment Choice
by Fumiko Hayashi and Joanna Stavins
Public Policy Discussion Paper No. 12-1

Are American Homeowners Locked into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration
by Alicia Sasser Modestino and Julia Dennett
Working Paper No. 12-1more

Research News and Events

October 17, 2012
Labor Market Trends in Massachusetts: Southeast Region
A detailed picture of labor supply and demand

October 25, 2012
Rethinking Property Tax Incentives for Business
New England Study Group

more

Multimedia

Unemployment Insurance Trust Funds and the Great Recession, Lessons for and from New England
by Jennifer Weiner

Are American Homeowners Locked into Their Houses?
by Alicia Sasser Modestino

Will the Federal Reserve Be Able to Serve as Lender of Last Resort in the Next Financial Crisis?
Panel Discussion

State Foreclosure Prevention Efforts: Mediation and Financial Assistance
by Robert Clifford

The Bank of North Dakota: A Model for Massachusetts and Other States?

Bank of North Dakota: A Model for MA and Other States?
by Yolanda Kodrzycki

The Great Recession
Video presentation by Chris Foote

Foreclosures, House-Price Changes, and Subprime Mortgages in Massachusetts

U.S. Family Income Mobility and Inequality, 1994 to 2004