St. Louis Fed: Economics Working Papers St. Louis Fed | Economic Research | EconDISC® | FRED® | GeoFRED® | ALFRED® | CASSIDI® | FRASER® | Liber8™ | Federal Reserve System Help RSS | Email Notifications | Data Lists | My Account | Log In Publications Economic Data - FRED® Working Papers Economists Conferences CRE8® Economic Research Economic Data - FRED St. Louis Fed Employment | Seminars | Monetary Aggregates Home > Working PapersFederal Reserve Bank of St. Louis working papers are preliminary materials circulated to stimulate discussion and critical comment. Papers appear in Acrobat PDF format. Download the free Adobe Acrobat PDF reader at http://www.adobe.com. Blind and visually impaired users can obtain tools to access PDF files at http://access.adobe.com.Images of older Working Papers now are available in PDF format beginning with those issued in 1967. The images of older papers were created with Adobe Acrobat 5.0.5. 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If you find errors on any pages or pages that are not visible to you, please let us know.Advanced Search Browse by Year200820072006200520042003200220012000199919981997199619951994199319921991199019891988198719861985198419831982198119771973197219711970196919681967Browse by CategoryApplied EconometricsApplied MicroeconomicsBankingFinanceInternationalMonetary Policy/MacroeconomicsRegional EconomicsBrowse by AuthorAguiar-Conraria, LuÃsAhmed, EhsanAhn, Byung ChanAllen, Donald S.Allen, Stuart D.Allsopp, ChristopherAlpanda, SamiAndersen, Leonall C.Anderson, Richard G.Andrés, JavierAntinolfi, GaetanoArifovic, JasminaArmesto, Michelle T.Arromdee, VachiraAsea, Patrick K.Azariadis, CostasBabb, Christopher T.Bandyopadhyay, Sudeshna C.Bandyopadhyay, SubhayuBarseghyan, LevonBasistha, ArabindaBatini, NicolettaBattalio, Raymond C.Batten, Dallas S.Beine, MichelBelaygorod, AnatoliyBelongia, Michael T.Betts, D. C.Betts, Jerram C.Bhattacharyya, NalinakshaBinner, Jane M.Black, DanBordo, Michael D.Brada, Josef C.Bradley, Michael D.Braun, HelgeBrown, W. W.Bullard, James B.Burger, Albert E.Burkhauser, Richard V.Butler, J.S.Butler, AlisonCarlson, Keith M.Cassese, GianlucaChalfant, James A.Chambers, MatthewChan, Thomas S.Chang, Chia-YingChatterji, MonojitChauvet, MarcelleChen, LongCheng, I-HuiCheng, David C.Chib, SiddharthaChiodo, AbbigailCho, In-KooChoi, Woon GyuChomsisengphet, SouphalaChrystal, K. AlecClark, Todd E.Cohen, Jeffrey P.Collins, SeanConesa, Juan CarlosCorbae, DeanCorte, Pasquale DellaCoto-MartÃnez, JavierCoughlin, Cletus C.Courchane, MarshaCoury, TarekCukierman, AlexDanis, Michelle A.Davidson, Lawrence S.Davis, Angela K.De Bock, Reinoutde Vries, CasperDewald, William G.Dibooglu, SalahattinDiCecio, RiccardoDinlersoz, Emin M.Dittmar, RobertDodson, III, Marvin E.Dolmas, SheilaDouglas, StratfordDueker, Michael J.Duffy, JohnDufour, Jean-MarieDwyer, Jr., Gerald P.Elger, ThomasEmmons, William R.Engemann, Kristie M.Espinosa, MarcoEusepi, StefanoEvans, George W.Fabel, OliverFaccio, MaraFeatherstone, Allen M.Feigenbaum, JamesFischer, Andreas M.Flood, Mark D.Francis, NevilleFratzscher, MarcelFreeman, ScottFried, JoelFriedberg, LeoraFuentes, RobertoFugazza, CarolinaFujiki, HiroshiGándelman, NéstorGarfinkel, Michelle R.Garrett, Thomas A.Garriga, CarlosGascon, Charles S.Gaudry, Marc J. I.Gavin, William T.Georgellis, YannisGilbert, R. AltonGluck, HeinzGomis-Porqueras, PereGoncalves, SilviaGorton, GaryGradojevic, NikolaGreene, William H.Guidolin, MassimoGuo, HuiGyles, Michelle T.Hafer, R. W.Hafer, Gail HeyneHagströmer, BjörnHahn, SurkooHasan, IftekharHaslag, Joseph H.Haubrich, Joseph G.Hein, Scott E.Heppen, Michael J.Hernández-Murillo, RubénHigbee, JasonHo, GiangHoffman, DennisHolland, A. StevenHonkapohja, SeppoHooks, Donald L.Hyde, StuartJacox, Ada K.Jansen, Dennis W.Jones, BarryJordan, Jerry L.Juvenal, LucianaKalish, LionelKalist, David E.Kara, AmitKarnosky, Denis S.Kavajecz, Kenneth A.Keating, JohnKeen, Benjamin D.Keightley, Mark P.Kemme, David M.Keran, Michael W.Khan, Sarosh R.Kim, GuyhanKim, Yang-WooKim, Chang-JinKirova, Milka S.Kliesen, Kevin L.Knowles, JohnKoenig, Evan F.Kolb, FredricKolesnikova, NataliaKomunjer, IvanaKool, Clemens J.M.Kostyshyna, OlenaKumbhaker, Subal C.Kutan, Ali M.Kydland, Finn E.La Ferrara, ElianaLahaye, JérômeLahiri, SajalLaing, DerekLa Jeunesse, Elizabeth A.Laurent, SébastienLevin, Andrew T.Li, Victor E.Li, HanLindsey, David E.Lippi, MarcoLipsey, Robert E.Liu, HaomingLlobet, GerardLo, Ming ChienLópez-Salido, J. DavidLuttrell, Clifton B.Mandal, Rachel J.Margolis, H. AlbertMarsh, Thomas L.Marshall, Maria I.Martell, Terrence F.Mason, Timothy I.McCallum, Bennett T.McCracken, Michael W.McCullough, Bruce D.McMillan, DavidMeyer, Andrew P.Miller, Jr., Thomas W.Millsaps, Steven W.Misiolek, Walter S.Mitra, KaushikMizrach, BruceMola, SimonaMorley, JamesMueller, WilliMunemo, JonathanNa, Carrie FangzhouNair, Suresh K.Ndikumana, LeonceNeely, Christopher J.Nelson, EdwardNelson, Charles R.Nesmith, TravisNeumann, Manfred J.M.Nichols, Mark W.Nickerson, David B.Nicodano, GiovannaNilsson, BirgerOh, SeonghwanOhanian, LeeOno, SadayukiOrphanides, AthanasiosOtt, Lesli S.Ott, MackOwyang, Michael T.Pakko, Michael R.Palm, Franz C.Park, Eun-SooPark, SangkyunPasupathy, MeenakshiPecchenino, Rowena A.Peel, DavidPennington-Cross, AnthonyPeralta-Alva, AdrianPiger, Jeremy M.Pinto, SantiagoPintus, Patrick A.Pollard, Patricia S.Poole, WilliamProske, DieterPsaradakis, ZachariasQian, HailongRaihan, Sharif Md.Ramey, GareyRapach, David E.Rasche, Robert H.Resler, David H.Reynolds, Stanley S.Rhine, Russell M.Ritter, JosephRosser, J. BarkleyRoush, Jennifer E.Roy, AmlanRoy, SuryadiptaRussell, Steven H.Sánchez-Losada, FernandoSandler, ToddSantoni, G.J.Sarno, LucioSavickas, RobertSchaling, EricSchlagenhauf, DonSchmid, Frank A.Schmidt Bies, SusanSchwartz, Anna J.Sedor, Lisa M.Segev, EranSengupta, RajdeepSerletis, ApostolosSheehan, Richard G.Sherman, RogerShimoji, MakotoSinclair, Tara M.Singh, AartiSmith, Bruce D.Sobel, Russel S.Sola, MartinSpagnolo, FabioSpencer, Roger W.Spurr, Stephen J.Startz, RichardTakashima, RyoTatom, John A.Taylor, Lowell J.Taylor, Mark P.Terza, Joseph V.Theodorou, Athena T.Thornton, Daniel L.Timmermann, AllanUlan, MichaelUlrich, Joshua M.Valente, GiorgioVaughan, Mark D.Vinod, H. D.von Hagen, JürgenWagner, Gary A.Wahrenburg, MarkWall, Howard J.Waller, Christopher J.Wang, ZijunWang, PengfeiWang, PingWeicher, John C.Weller, Paul A.Wen, YiWesche, KatrinWheeler, Christopher H.Wheelock, David C.Whitelaw, RobertWhiteman, CharlesWilliams, Arlington W.Williams, Marcela M.Wilson, PaulWinters, Drew B.Yang, JianYeager, Timothy J.Yohe, William P.Yoo, Peter S.Younas, JavedYun, TackZeng, BingZhang, LuZhu, LijingZivot, EricZoega, GylfiNotify Me of All Working Paper Updates Recent Working Papers "Macroeconometric Equivalence, Microeconomic Dissonance, and the Design of Monetary Policy" (2008-10-08) by Andrew T. Levin, J. David López-Salido, Edward Nelson, and Tack Yun Working Paper 2008-035A. Many recent studies in macroeconomics have focused on the estimation of DSGE models using a system of loglinear approximations to the models’ nonlinear equilibrium conditions. More... "The Interplay between Preemptive and Defensive Counterterrorism Measures: A Two-Stage Game" (2008-10-06) by Subhayu Bandyopadhyay, and Todd Sandler Working Paper 2008-034A. A two-stage game depiction of counterterrorism is presented, where the emphasis is on the interaction between the preemptive and defensive measures taken by two targeted countries facing a common threat. More... "Are Credit Unions Too Small?" (2008-09-17) by David C. Wheelock, and Paul Wilson Working Paper 2008-033A. Since 1985, the share of U.S. depository institution assets held by credit unions has nearly doubled, and the average (inflation-adjusted) size of credit unions has increased over 600 percent. We use a non-parametric local-linear estimator to estimate a cost relationship for credit unions and derive estimates of ray-scale and expansion-path scale economies. More... "The Great Inflation: Did The Shadow Know Better?" (2008-09-04) by William Poole, Robert H. Rasche, and David C. Wheelock Working Paper 2008-032A. The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U.S. policymakers to implement policies necessary to maintain price stability. More... "Asset Prices, Exchange Rates and the Current Account" (2008-08-25) by Marcel Fratzscher, Luciana Juvenal, and Lucio Sarno Working Paper 2008-031A. This paper analyses the role of asset prices in comparison to other factors, in particular exchange rates, as a driver of the US trade balance. More... The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis working papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis working papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors.Single printed copies of working papers can be obtained by writing to the Research Division at the address below. Please include your name, mailing address, and working paper numbers with your request.Federal Reserve Bank of St. Louis Research Division P.O. Box 442 St. Louis, MO 63166-0442 webmaster@research.stlouisfed.org About | Contact Us | Privacy | Legal Top of Page © 2008 Federal Reserve Bank of St. Louis |
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