Staff Reports - FEDERAL RESERVE BANK of NEW YORK

Staff Reports
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Technical working papers intended for publication in leading finance and economics journals. The Research Papers series predated Staff Reports and was discontinued in 1998. Both series are available only online.

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2017 Staff Reports

Priors for the Long Run
Domenico Giannone, Michele Lenza, and Giorgio E. Primiceri
November Number 832

Escaping Unemployment Traps
Sushant Acharya, Julien Bengui, Keshav Dogra, and Shu Lin Wee
November Number 831

Macroeconomic Nowcasting and Forecasting with Big Data
Brandyn Bok, Daniele Caratelli, Domenico Giannone, Argia Sbordone, and Andrea Tambalotti
November Number 830

The Mortgage Rate Conundrum
Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti
November Number 829

An Index of Treasury Market Liquidity: 1991-2017
Tobias Adrian, Michael Fleming, and Erik Vogt
November Number 827

Empirical Network Contagion for U.S. Financial Institutions
Fernando Duarte and Collin Jones
November Number 826

Estimating Dynamic Panel Models: Backing out the Nickell Bias
Jerry A. Hausman and Maxim L. Pinkovskiy
October Number 824

The Treasury Market Practices Group: Creation and Early Initiatives
Kenneth D. Garbade and Frank M. Keane
August Number 822

Import Competition and Household Debt
Jean-Noël Barrot, Erik Loualiche, Matthew Plosser, and Julien Sauvagnat
August Number 821

Echoes of Rising Tuition in Students’ Borrowing, Educational Attainment, and Homeownership in Post-Recession America
Zachary Bleemer, Meta Brown, Donghoon Lee, Katherine Strair, and Wilbert van der Klaauw
July Number 820

The Shifting Drivers of Global Liquidity
Stefan Avdjiev, Leonardo Gambacorta, Linda S. Goldberg, and Stefano Schiaffi
June Number 819

Supply- and Demand-Side Factors in Global Banking
Mary Amiti, Patrick McGuire, and David E. Weinstein
June Number 818

How Did China’s WTO Entry Benefit U.S. Consumers?
Mary Amiti, Mi Dai, Robert C. Feenstra, and John Romalis
June Number 817

Macroprudential Policy and the Revolving Door of Risk: Lessons from Leveraged Lending Guidance
Sooji Kim, Matthew C. Plosser, and João A. C. Santos
May Number 815

Access to Credit and Financial Health: Evaluating the Impact of Debt Collection
Julia Fonseca, Katherine Strair, and Basit Zafar
May Number 814

Transformation of Corporate Scope in U.S. Banks: Patterns and Performance Implications
Nicola Cetorelli, Michael G. Jacobides, and Samuel Stern
May Number 813

Safety, Liquidity, and the Natural Rate of Interest
Marco Del Negro, Domenico Giannone, Marc P. Giannoni, and Andrea Tambalotti
May Number 812

How Does For-Profit College Attendance Affect Student Loans, Defaults, and Earnings?
Luis Armona, Rajashri Chakrabarti, and Michael Lovenheim
April Number 811

Interest Rate Conundrums in the Twenty-First Century
Samuel G. Hanson, David O. Lucca, and Jonathan H. Wright
March Number 810

The Pre-Crisis Monetary Policy Implementation Framework
Alexander Kroeger, John McGowan, and Asani Sarkar
March Number 809

The Time-Varying Price of Financial Intermediation in the Mortgage Market
Andreas Fuster, Stephanie H. Lo, and Paul Willen
January Number 805
Revised August 2017

Review Policy
The New York Fed reserves the right to require pre-publication changes to papers appearing in its working paper series Staff Reports. Such changes are strictly limited to ensuring that Staff Reports do not offer concrete predictions about impending monetary policy or regulatory actions, or otherwise violate applicable rules on the use of confidential information or standards of professional conduct. In addition, Staff Reports must not violate contractual obligations to data vendors.

While management in the Research Group may suggest substantive changes to Staff Reports on the basis of criteria other than those specified in the above paragraph, whether and how to respond to such suggestions are at authors’ sole discretion. Authors of Staff Reports are solely responsible for ensuring that all claims made in their work are well supported by evidence and that limitations of the analysis are clearly described.
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