Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Report
International trade and income differences
Waugh, Michael E. (2009)
I develop a novel view of the trade frictions between rich and poor countries by arguing that to reconcile bilateral trade volumes and price data within a standard gravity model, the trade frictions between rich and poor countries must be systematically asymmetric, with poor countries facing higher costs to export relative to rich countries. I provide a method to model these asymmetries and demonstrate the merits of my approach relative to alternatives in the trade literature. I then argue that these trade frictions are quantitatively important to understanding the large differences in ...
Staff Report , Paper 435

Report
Do banks follow their customers abroad?
Nolle, Daniel E.; Seth, Rama (1996)
The market share of U.S. business loans made by foreign-owned banks has increased dramatically since 1980. At the same time, foreign direct investment in the U.S. rose, so that much of the increase in foreign-owned U.S.-based bank lending to businesses in the U.S. could conceivably be accounted for by an increase in loans to the U.S. affiliates of firms headquartered abroad, an expectation in line with the conventional wisdom that bans "follow their customers" abroad. Our study investigates the lending patterns of U.S.-based banks from Japan, Canada, France, Germany, the Netherlands, and ...
Research Paper , Paper 9620

Report
What moves investment? Cash flows in a forward-looking model of capital expenditures
Wizman, Thierry A. (1992)
Research Paper , Paper 9201

Report
Time variation in asset price responses to macro announcements
Grisse, Christian; Goldberg, Linda S. (2013-08-01)
Although the effects of economic news announcements on asset prices are well established, these relationships are unlikely to be stable. This paper documents the time variation in the responses of yield curves and exchange rates using high-frequency data from January 2000 through August 2011. Significant time variation in news effects is present for those announcements that have the largest effects on asset prices. The time variation in effects is explained by economic conditions, including the level of policy rates at the time of the news release, and risk conditions: Government bond yields ...
Staff Reports , Paper 626

Report
Real-time search in the laboratory and the market
Brown, Meta; Flinn, Christopher J.; Schotter, Andrew (2009)
While widely accepted models of labor market search imply a constant reservation wage policy, the empirical evidence strongly suggests that reservation wages decline in the duration of search. This paper reports the results of the first real-time-search laboratory experiment. The controlled environment that subjects face is stationary, and the payoff-maximizing reservation wage is constant. Nevertheless, subjects' reservation wages decline sharply over time. We investigate two hypotheses to explain this decline: 1) searchers respond to the stock of accruing search costs, and 2) searchers ...
Staff Reports , Paper 410

Report
Providing Labor Market Context for Debt-Related Driver’s License Suspensions in Ohio
Fee, Kyle; Mikelbank, Brian A. (2024-02-28)
More than 60 percent of Ohio’s driver’s license suspensions do not stem from bad driving; instead, they arise because the driver owes an unpaid debt. Debt-related suspensions (DRS) could prevent people from getting to work where they could make the money needed to repay the debt. In this report, we investigate whether DRS has implications for Ohio’s labor force.
Community Development Publications

Report
Supplementary appendix: Careers in firms: estimating a model of learning, job assignment, and human capital aquisition
Pastorino, Elena (2012)
In this appendix I present details of the model and of the empirical analysis and results of counterfactual experiments omitted from the paper. In Section 1 I describe a simple example that illustrates how, even in the absence of (technological) human capital acquisition, productivity shocks, or separation shocks, the learning component of the model can naturally generate mobility between jobs within a firm and turnover between firms. I also present omitted details of the proofs of Propositions 1, 2, and 3 in the paper. In Section 2 I provide an overview of the numerical solution of the ...
Staff Report , Paper 470

Report
Global imbalances and structural change in the United States
Kehoe, Timothy J.; Ruhl, Kim J.; Steinberg, Joe (2013)
Since the early 1990s, as the United States has borrowed from the rest of the world, employment in U.S. goods-producing sectors has fallen. Using a dynamic general equilibrium model, we find that rapid productivity growth in goods production, not U.S. borrowing, has been the most important driver of the decline in goods-sector employment. As the United States repays its debt, its trade balance will reverse, but goods-sector employment will continue to fall. A sudden stop in foreign lending in 2015?2016 would cause a sharp trade balance reversal and painful reallocation across sectors, but ...
Staff Report , Paper 489

Report
Why do services prices rise more rapidly than goods prices?
Brauer, David A. (1993)
Research Paper , Paper 9330

Report
Expectations and contagion in self-fulfilling currency attacks
Keister, Todd (2006)
This paper presents a model in which currency crises can spread across countries as a result of the self-fulfilling beliefs of market participants. An incomplete-information approach is used to overcome many undesirable features of existing multiple-equilibrium explanations of contagion. If speculators expect contagion across markets to occur, they have an incentive to trade in both currency markets to take advantage of this correlation. These actions, in turn, link the two markets in such a way that a sharp devaluation of one currency will be propagated to the other market, fulfilling the ...
Staff Reports , Paper 249

show more (441)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification