Board of Governors of the Federal Reserve System

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• The Fed - Who Works for Startups? The Relation between Firm Age, Employee Age, and Growth

  rate of new firm creation, especially in high tech industries, suggesting

  URL: https://www.federalreserve.gov/econres/feds/who-works-for-startups-the-relation-between-firm-age-employee-age-and-growth.htm
  



• The Fed - New Evidence on an Old Unanswered Question: Why Some Borrowers Purchase Credit Insurance and Other Debt Protection and Some Do Not

  rates observed in the 1950s and 1960s raised concerns about coercion in

  URL: https://www.federalreserve.gov/econres/feds/why-some-borrowers-purchase-credit-insurance-and-other-debt-protection-and-some-do-not.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 - 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 - 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
  



• The Fed - Nominal Rigidities and the Term Structures of Equity and Bond Returns

  rates arise endogenously in a general-equilibrium model with nominal rigidities

  URL: https://www.federalreserve.gov/econres/feds/nominal-rigidities-and-the-term-structures-of-equity-and-bond-returns.htm
  



• The Fed - Issues in the Use of the Balance Sheet Tool

  rate levels rather than the quantity of asset purchases, and programs

  URL: https://www.federalreserve.gov/econres/feds/issues-in-the-use-of-the-balance-sheet-tool.htm
  

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