Board of Governors of the Federal Reserve System

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• The Fed - The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s

  rates. Land prices stayed low for a number of decades after the bust in

  URL: https://www.federalreserve.gov/econres/feds/the-anatomy-of-a-credit-crisis-the-boom-and-bust-in-farm-land-prices-in-the-united-states-in-the-1920s.htm
  



• The Fed - The Effect of Self-Reported Transitory Income Shocks on Household Spending

  rate of food consumption observed during the recent economic downturn.

  URL: https://www.federalreserve.gov/econres/feds/the-effect-of-self-reported-transitory-income-shocks-on-household-spending.htm
  



• The Fed - The Fed's Asymmetric Forecast Errors

  rate of overprediction was higher for further ahead forecasts. For forecasted

  URL: https://www.federalreserve.gov/econres/feds/the-feds-asymmetric-forecast-errors.htm
  



• The Fed - The Regulatory and Monetary Policy Nexus in the Repo Market

  rates. Accessible materials (.zip) Keywords: Basel III regulations, Federal

  URL: https://www.federalreserve.gov/econres/feds/the-regulatory-and-monetary-policy-nexus-in-the-repo-market.htm
  



• The Fed - Identifying the Stance of Monetary Policy at the Zero Lower Bound: A Markov-switching Estimation Exploiting Monetary-Fiscal Policy Interdependence

  rates. I show that incorporating a Tobit-like specification allows to

  URL: https://www.federalreserve.gov/econres/feds/identifying-the-stance-of-monetary-policy-at-the-zero-lower-bound.htm
  



• The Fed - Financial Fire Sales: Evidence from Bank Failures

  rates on failed assets of nearby banks, depresses local land prices, renders

  URL: https://www.federalreserve.gov/econres/feds/financial-fire-sales-evidence-from-bank-failures.htm
  



• The Fed - Rare Disaster Probability and Options-Pricing

  rates of economic growth. Accessible materials (.zip) Original paper:

  URL: https://www.federalreserve.gov/econres/feds/rare-disaster-probability-and-options-pricing.htm
  



• The Fed - The Wage Curve and the Phillips Curve

  rate. On the other hand, there is considerable empirical support for the

  URL: https://www.federalreserve.gov/econres/feds/the-wage-curve-and-the-phillips-curve.htm
  



• The Fed - When do low-frequency measures really measure transaction costs?

  rates, (i) the measures based on daily data are highly upward biased and

  URL: https://www.federalreserve.gov/econres/feds/when-do-low-frequency-measures-really-measure-transaction-costs.htm
  



• The Fed - Firm Specific Human Capital vs. Job Matching: A New Test

  rates have more employee turnover, even after controlling for differences

  URL: https://www.federalreserve.gov/econres/feds/firm-specific-human-capital-vs-job-matching-a-new-test.htm
  

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