Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
Stadiums and convention centers as community loss leaders
Wirtz, Ronald A. (2001-03)
Fedgazette , Volume 13 , Issue Mar , Pages 5-7

Report
Investment shocks and business cycles
Justiniano, Alejandro; Tambalotti, Andrea; Primiceri, Giorgio E. (2008)
Shocks to the marginal efficiency of investment are the most important drivers of business cycle fluctuations in U.S. output and hours. Moreover, like a textbook demand shock, these disturbances drive prices higher in expansions. We reach these conclusions by estimating a dynamic stochastic general equilibrium (DSGE) model with several shocks and frictions. We also find that neutral technology shocks are not negligible, but their share in the variance of output is only around 25 percent and even lower for hours. Labor supply shocks explain a large fraction of the variation of hours at very ...
Staff Reports , Paper 322

Journal Article
Creative destruction in local markets
Campbell, Jeffrey R.; Abbring, Jaap H. (2004-04)
This article uses a panel of Texas restaurants' and bars' alcohol to measure the pace of creative destruction--the ongoing replacement of unproductive competitors with the new firms--and it investigates whether producers in more concentrated markets might use their market power to stabilize the industry structure. The authors find the opposite to be true: Local markets with more concentrated alcohol sales display more creative destruction.
Economic Perspectives , Volume 28 , Issue Q II , Pages 50-60

Working Paper
Bank Fees, Aftermarkets, and Consumer Behavior
Adams, Robert M. (2017-05)
Fees for banking services have been a policy concern for over 20 years and the subject of several government agencies studies, which focused on the magnitude, incidence, or disclosure of such fees. Using a sample of single market banks, I study the relationship between market-level consumer characteristics and bank fee revenue, fees, and bank return on assets (ROA) to infer consumer and firm behavior. Of particular interest, I use county-level IRS tax records as a measure of the consumer income distribution, but my analysis also includes measures of age and education distributions. I find ...
Finance and Economics Discussion Series , Paper 2017-054

Working Paper
The Effect of Common Ownership on Profits : Evidence From the U.S. Banking Industry
Gramlich, Jacob P.; Grundl, Serafin J. (2018-10-03)
Theory predicts that "common ownership" (ownership of rivals by a common shareholder) can be anticompetitive because it reduces the weight firms place on their own profits and shifts weight toward rival firms held by common shareholders. In this paper we use accounting data from the banking industry to examine empirically whether shifts in the profit weights are associated with shifts in profits. We present the distribution of a wide range of estimates that vary the specification, sample restrictions, and assumptions used to calculate the profit weights. The distribution of estimates is ...
Finance and Economics Discussion Series , Paper 2018-069

Working Paper
Learning in the marketplace: free entry is free riding
Nakamura, Leonard I.; Lang, William W. (1989)
Working Papers , Paper 89-13

Discussion Paper
A model of duopoly and meeting or beating competition
Belton, Terrence M. (1986)
Research Papers in Banking and Financial Economics , Paper 87

Working Paper
Structure, conduct, performance, and welfare
Shaffer, Sherrill (1992)
Working Papers , Paper 92-13

Working Paper
Currency appreciation and \"deindustrialization\": a European perspective
Tatom, John A. (1994)
During the 1980s, policy advisers were successful in promoting the view that movements in the value of the dollar have an inverse relationship to U.S. international competitiveness. This article explains their hypothesis, as well as the counterargument that exchange rates positively reflect a country's competitiveness. Economic policies that boost competitiveness also raise the value of the domestic currency. The mirror image of these hypotheses apply to U.S. trading partners, including Europe. The evidence indicates that European countries were not "deindustralized" from 1985 to 1990, when ...
Working Papers , Paper 1992-006

Journal Article
Mining for missing links
Wirtz, Ronald A. (2003-09)
By examining the iron ore industry, a Minneapolis Fed economist confirms that productivity gains are the direct result of increased competition.
The Region , Volume 17 , Issue Sep , Pages 12-15, 52-53

show more (2)

show more (21)

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

FILTER BY Keywords