Board of Governors of the Federal Reserve System

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• The Fed - Learning By Investing--Embodied Technology and Business Cycles

  Li Abstract: In the last decade of the 20th century, the U.S. economy

  URL: https://www.federalreserve.gov/econres/feds/learning-by-investing-embodied-technology-and-business-cycles.htm
  



• The Fed - Transaction Costs and Consumption

  Li Abstract: The Rational Expectations Permanent Income Hypothesis (RE-PIH

  URL: https://www.federalreserve.gov/econres/feds/transaction-costs-and-consumption.htm
  



• The Fed - The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation

  Li Abstract: We present a dynamic structural model of subprime adjustable-rate

  URL: https://www.federalreserve.gov/econres/feds/the-dynamics-of-adjustable-rate-subprime-mortgage-default-a-structural-estimation.htm
  



• Error! Unknown document property name. July 1, 2025 Commerzbank AG U.S. Resolution Plan 2025 Section 1: Public Section

  Error! Unknown document property name. July 1, 2025 Commerzbank AG U.S. Resolution Plan 2025 Section 1: Public Section Commerzbank AG U.S. Resolution

  URL: https://www.federalreserve.gov/supervisionreg/resolution-plans/commerzbk-aktiengesellschaft-3g-20250701.pdf
  



• The Fed - Why Do Mutual Funds Invest in Treasury Futures?

  Li, and Lubomir Petrasek1 Asset managers' net long positions in Treasury

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/why-do-mutual-funds-invest-in-treasury-futures-20240510.html
  



• The Fed - Central bank preparedness for market-functioning asset purchases as a consideration for long-run balance sheet composition

  Li Abstract: This paper proposes an approach to enhance the Federal Reserve's

  URL: https://www.federalreserve.gov/econres/feds/central-bank-preparedness-for-market-functioning-asset-purchases-as-a-consideration-for-long-run-balance-sheet-composition.htm
  



• The Fed - Risk-averse Dealers in a Risk-free Market - The Role of Trading Desk Risk Limits

  Li, Lubomir Petrasek, and Mary Tian Abstract: Self-imposed risk limits

  URL: https://www.federalreserve.gov/econres/feds/risk-averse-dealers-in-a-risk-free-market-the-role-of-trading-desk-risk-limits.htm
  



• The Fed - New Evidence on 401(k) Borrowing and Household Balance Sheets

  Li and Paul A. Smith Abstract: Despite news reports suggesting a rise

  URL: https://www.federalreserve.gov/econres/feds/new-evidence-on-401k-borrowing-and-household-balance-sheets.htm
  



• The Fed - Alternative Estimates of the Presidential Premium

  Li Abstract: Since the early 1980s much research, including the most recent

  URL: https://www.federalreserve.gov/econres/feds/alternative-estimates-of-the-presidential-premium.htm
  



• The Fed - Finance and Economics Discussion Series (FEDS) - 2023

  Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs

  URL: https://www.federalreserve.gov/econres/feds/2023.htm
  

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