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Working Paper
A monetary model of prices and exchange rates

Working Papers in Applied Economic Theory , Paper 102

Working Paper
Housing prices and the (in)stability of mortgage prepayment models: evidence from California

Most empirical models of mortgage terminations emphasize refinancing incentives related to interest rate movements. We consider three sources of risk that lead to observed mortgage payment terminations: interest-rate related refinancing, default, and moving. We estimate models that identify the relative importance or regional risk factors leading to termination, using data on mortgage and housing market activity in fifteen California counties from 1992 through 1996. As expected, we find that the time-series dynamics of interest rates and house prices are important determinants of the ...
Working Papers in Applied Economic Theory , Paper 98-05

Working Paper
A simple adaptive measure of core inflation

This paper proposes a new measure of core inflation and compares it with several existing measures. The new measure is adaptive and is designed to track sudden and persistent movements inflation, such as those arising from changes in monetary policy regimes. the adaptive measure is a superior predictor of (locally) mean reverting components of inflation, and appears to filter out transients more effectively than existing measures.
Working Papers in Applied Economic Theory , Paper 98-06

Journal Article
An overvalued dollar?

FRBSF Economic Letter

Journal Article
House price dynamics and the business cycle

FRBSF Economic Letter

Journal Article
Are commodity prices foretelling deflation?

FRBSF Economic Letter

Journal Article
Jobs and prices

FRBSF Economic Letter

Conference Paper
A sticky-price manifesto

Proceedings , Issue Apr

Journal Article
Price stability and economic growth

Southwest Economy , Issue May , Pages 1-5

Journal Article
Noteworthy: energy: supply disruptions lead to spike in coal prices

Southwest Economy , Issue Mar , Pages 14



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anonymous 30 items

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