Search Results

SORT BY: PREVIOUS / NEXT

Working Paper
Why are (some) consumers (finally) writing fewer checks?: the role of payment characteristics

Since the mid-1990s, the U.S. payment system has been undergoing a transformation featuring a significant decline in the use of paper checks that has been quite uneven across consumers and not well understood. This paper estimates econometric models of consumers? adoption (extensive margin) and use (intensive margin) of checks plus six other common U.S. payment instruments, using a comprehensive new data source on consumer payment choice. We find that payment characteristics are the most important determinants of payment instrument use. Plausible changes in the relative convenience and cost ...
Working Papers , Paper 09-1

Working Paper
Mortgages as Recursive Contracts

Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that the borrower may choose between buying a house or renting. Given these alternatives, a contract between a household and a lender makes home ownership feasible, and provides insurance to the household against fluctuating rental payments. The second is that once in a contract, the household may terminate the ...
Working Paper Series , Paper 2003-03

Discussion Paper
Comparing Means of Payment: What Role for a Central Bank Digital Currency?

This paper looks at the potential benefit that a central bank digital currency (CBDC) could provide in the context of existing payment mechanisms. Central banks today provide the primary payment mechanisms for trade and commerce: cash, used by the public, and electronic payment services, used by eligible financial institutions.
FEDS Notes , Paper 2020-08-13-2

Working Paper
Executive compensation: a new view from a long-term perspective, 1936-2005

We analyze the long-run trends in executive compensation using a new panel dataset of top executives in large firms from 1936 to 2005. In sharp contrast to the well-known steep upward trajectory of pay of the past 30 years, the median real value of compensation was remarkably flat from the late 1940s to the mid-1970s, highlighting a weak relationship between compensation and aggregate firm size. While this correlation has changed considerably over the century, the cross-sectional relationship between pay and firm size has remained stable. Another surprising finding is that the sensitivity of ...
Finance and Economics Discussion Series , Paper 2007-35

Journal Article
No silver bullet : tax and spending limits, though often useful, can't cure all budgetary ills

Econ Focus , Volume 7 , Issue Sum , Pages 31

Journal Article
Comment requested

Federal Reserve Bulletin , Issue Feb

Journal Article
Economic gains brighten Nebraska banks' outlook

Nebraska Economist

FILTER BY YEAR

FILTER BY SERIES

Working Papers 5122 items

Speech 4011 items

Finance and Economics Discussion Series 2861 items

Federal Reserve Bulletin 2671 items

Proceedings 2339 items

FRBSF Economic Letter 2272 items

show more (203)

FILTER BY CONTENT TYPE

Journal Article 22422 items

Working Paper 15241 items

Speech 4272 items

Conference Paper 3638 items

Discussion Paper 3583 items

Report 3122 items

show more (6)

FILTER BY AUTHOR

anonymous 3262 items

Bullard, James B. 536 items

Williams, John C. 373 items

Greenspan, Alan 290 items

Kliesen, Kevin L. 288 items

Rosengren, Eric 265 items

show more (495)

FILTER BY JEL CLASSIFICATION

G21 1242 items

E52 1150 items

E32 828 items

E58 692 items

E44 626 items

G28 594 items

show more (495)

PREVIOUS / NEXT