Research Working Papers


Archives:  2007 - 1995

2008 Research Working Papers

Monetary Policy Regime Shifts and Inflation Persistence
(PDF 1,142K   | Abstract)
By Troy Davig and Taeyoung Doh
RWP08-16 December 2008 (Revised December 2009)

Spin-offs: Theory and Evidence from the Early U.S. Automobile Industry
(PDF 213K   | Abstract)
By Luis Cabral and Zhu Wang
RWP08-15 December 2008 (Revised July 2009)

Product Innovation and Network Survival in the U.S. ATM and Debit Card Industry
(PDF 571K   | Abstract)
By Fumiko Hayashi and Zhu Wang
RWP08-14 December 2008 (Revised August 2009)

Why Do Card Issuers Charge Proportional Fees?
(PDF 413K   | Abstract)
By Oz Shy and Zhu Wang
RWP08-13 December 2008

The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and Usage
(PDF 838K   | Abstract)
By James McAndrews and Zhu Wang
RWP08-12 December 2008

Long Run Risks in the Term Structure of Interest Rates: Estimation
(PDF 381K   | Abstract)
By Taeyoung Doh
RWP08-11 December 2008; Revised January 2010

Alternative Methods of Solving State-Dependent Pricing Models
(PDF 1,579K  | Abstract)
By Edward S. Knotek II and Stephen Terry
RWP08-10 December 2008

Price-Level Targeting and Risk Management in a Low-Inflation Economy
(PDF 1,231K | Abstract)
By Roberto Billi
RWP08-09 December 2008

The Economics of Payment Card Fee Structure: Policy Considerations of Payment Card Rewards
(PDF 993K | Abstract)
By Fumiko Hayashi
RWP08-08 November 2008

The Economics of Payment Card Fee Structure: What Drives Payment Card Rewards?
(PDF 1,143K | Abstract)
By Fumiko Hayashi
RWP08-07 (November 2008: Revised March 2009)

The Economics of Payment Card Fee Structure: What is the Optimal Balance Between Merchant Fee and Payment Card Rewards?
(PDF 1,041K | Abstract)
By Fumiko Hayashi
RWP08-06 November 2008

An Empirical Assessment of the Relationships Among Inflation and Short- and Long-Term Expectations
(PDF 1,572K   |  Abstract)
By Todd E. Clark and Troy Davig
RWP 08-05 November 2008

Convenient Prices and Price Rigidity: Cross-Sectional Evidence
(PDF 555K   |  Abstract)
By Edward S. Knotek II
RWP 08-04 (October 2008; Revised January 2010)

Labor Market Search and Interest Rate Policy
(PDF 579K   |  Abstract)
By Takushi Kurozumi and Willem VanZandweghe
RWP 08-03 October 2008

Markov-Chain Approximations of Vector Autoregressions: Application of General Multivariate-Normal Integration Techniques
(PDF 380K   |  Abstract)
By Edward S. Knotek II and Stephen Terry
RWP 08-02 October 2008

How Do Large Banking Organizations Manage their Capital Ratio?
(PDF 601K   |  Abstract)
By Allen Berger, Robert DeYoung, Mark Flannery, David Lee and Ozde Oztekin
RWP 08-01 April 2008