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Working Papers

    • Finance and Economic Discussion Series

      Finance and Economics Discussion Series

      Staff working papers in the Finance and Economics Discussion Series (FEDS) investigate a broad range of issues in economics and finance, with a focus on the U.S. economy and domestic financial markets.

    • International Finance Disuccion Papers

      International Finance Discussion Papers

      Staff working papers in the International Finance and Discussion Papers (IFDP) series are primarily materials produced by staff in the Division of International Finance. These topics are focused on, though by no means limited to, international macroeconomics, international trade, global finance, financial institutions, and markets, as well as international capital flows.

Occasional Staff
Studies

Occasional Staff Studies (OSS) are research materials distributed to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. References in publications to Occasional Staff Studies (other than acknowledgment of sources) should be cleared with the authors to protect the tentative character of these studies.




Staff
Studies

The staff members of the Board of Governors of the Federal Reserve System and of the Federal Reserve Banks undertake studies that cover a wide range of economic and financial subjects. From time to time the studies that are of general interest are published in the Staff Studies series and summarized in the Federal Reserve Bulletin. The analyses and conclusions set forth are those of the authors and do not necessarily indicate concurrence by the Board of Governors, by the Federal Reserve Banks, or by members of their staffs.




Review of Foreign Developments

The Review of Foreign Developments (RFD) series begins in 1945 and ends in 1975. Starting in August 1971, papers in the RFD series also appear in the International Finance Discussion Paper (IFDP) series. The analyses and conclusions set forth in the RFD series are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. All papers in the RFD series are public and may be quoted or cited. Some of the papers in the RFD series were initially marked "Confidential," "Restricted," or "Not for publication," but these markings no longer apply.

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About Working Papers

Federal Reserve economists produce original research on a broad range of topics relevant to the U.S. and foreign economies. These working papers are preliminary versions that are being shared in a timely manner to a broad research community, with the aim of contributing to scholarly debate and soliciting constructive feedback. This work is also often presented at research conferences and many of the papers are later published in peer-reviewed journals and other scholarly outlets.

Last update: January 18, 2013