Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Interbank tiering and money center banks
von Peter, Goetz; Craig, Ben R. (2009)
Interbank markets are tiered rather than flat, in the sense that many banks do not lend to each other directly but through money center banks which act as intermediaries. This paper captures the notion of tiering by designing a core-periphery model and develops a procedure for fitting an empirical network to this model. We find strong evidence of tiering for the German banking system, using bilateral interbank exposures among 1,800 banks. Moreover, bank-specific features, such as bank size, help explain how banks position themselves in the interbank market, suggesting that models with ...
Working Papers (Old Series) , Paper 0912

Journal Article
The determinants of direct air fares to Cleveland: how competitive?
Zlatoper, Thomas J.; Bauer, Paul W. (1989-01)
Using a model developed to examine the determinants of air fares, the authors discuss the relationship between airline industry competitiveness and fare increases.
Economic Review , Volume 25 , Issue Q I , Pages 2-9

Journal Article
Recent changes in the consumer bankruptcy laws
Kowalewski, K. J. (1985-02)
A discussion of the effects of, and apparent problems caused by, the Bankruptcy Reform Act of 1978, with a look at the likely impact of the 1984 amendments to the Act.
Economic Commentary , Issue Feb

Journal Article
Parental Assistance after Job Loss
Krolikowski, Pawel; Zabek, Mike; Coate, Patrick (2018-08)
We have previously shown that young adults who live near their parents experience faster earnings recoveries after a job loss than young adults who live farther from their parents. In this analysis, we present evidence that demonstrates the relationship is causal; that is, there is something about living close to one?s parents that enables one to find another job that pays as well as the one lost. We also explore what type of parental help might be driving the relationship and find that it is possibly the provision of childcare and access to job networks, but likely not help with housing ...
Economic Commentary , Issue August

Journal Article
Inflation, inflation expectations, and monetary policy
Pianalto, Sandra (2006-09)
Careful readers of FOMC communications will note that in addition to talking about actual inflation, the committee often talks about inflation expectations. Sandra Pianalto, the president and chief executive officer of the Federal Reserve Bank of Cleveland, explains the important role that inflation expectations play in the monetary policy process. This Commentary is taken from a speech she delivered to the Copper Development Association?s Global Market Trends Conference on September 8, 2006.
Economic Commentary , Issue Sep

Working Paper
Government intervention in the foreign exchange market
Humpage, Owen F. (2003)
This article offers a survey of the literature on foreign exchange intervention, including sections on the theoretical channels through which intervention might affect exchange rates and a summary of the empirical findings. The survey emphasizes that intervention is intended to provide monetary authorities with an means of influencing their exchange rates independent from monetary policy, and tends to evaluate theoretical channels and empirical results from this perspective.
Working Papers (Old Series) , Paper 0315

Working Paper
The adequacy of life insurance: evidence from the health and retirement survey
Bernheim, B. Douglas; Gokhale, Jagadeesh; Forni, Lorenzo; Kotlikoff, Laurence J. (1999)
This study examines life insurance adequacy among married American couples approaching retirement based on the 1992 Health and Retirement Survey with matched Social Security earnings histories. It evaluates each household's life insurance needs based on new financial planning software that embodies a life-cycle-planning model and covers a broad array of demographic, economic, and financial characteristics. A sizable minority of households are significantly underinsured. Almost one third of wives and over 10 percent of husbands would have suffered living-standard reductions greater than 20 ...
Working Papers (Old Series) , Paper 9914

Working Paper
Asymptotically Valid Bootstrap Inference for Proxy SVARs
Jentsch, Carsen; Lunsford, Kurt Graden (2019-05-03)
Proxy structural vector autoregressions identify structural shocks in vector autoregressions with external variables that are correlated with the structural shocks of interest but uncorrelated with all other structural shocks. We provide asymptotic theory for this identification approach under mild ?-mixing conditions that cover a large class of uncorrelated, but possibly dependent innovation processes, including conditional heteroskedasticity. We prove consistency of a residual-based moving block bootstrap for inference on statistics such as impulse response functions and forecast error ...
Working Papers , Paper 19-08

Working Paper
The Optimal Taxation of Business Owners
Phelan, Tom (2019-11-19)
Business owners in the United States are disproportionately represented among the very wealthy and are exposed to substantial idiosyncratic risk. Further, recent evidence indicates business income primarily reflects returns to the human (rather than financial) capital of the owner. Motivated by these facts, this paper characterizes the optimal taxation of income and wealth in an environment where business income depends jointly on innate ability, luck, and the accumulated past effort exerted by the owner. I show that in (constrained) efficient allocations, more productive entrepreneurs ...
Working Papers , Paper 19-26

Does Spending Slide When COVID-19 Surges?
Elvery, Joel; Oleson, Mark (2021-10-07)
In this District Data Brief, we show that state-level data suggest that economic implications from the latest wave have been less than those from the fall 2020 wave. While there has been some consumer response to the delta-variant-driven COVID-19 surge, it has been weaker than the response to the fall 2020 COVID-19 surge.
Cleveland Fed District Data Brief , Paper 20211007

show more (3)

show more (305)

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