Board of Governors of the Federal Reserve System

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• The Fed - Monitoring, Moral Hazard, and Market Power: A Model of Bank Lending

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  URL: https://www.federalreserve.gov/econres/feds/monitoring-moral-hazard-and-market-power-a-model-of-bank-lending.htm
  



• The Fed - How Biased are Measures of Cyclical Movements in Productivity and Hours?

  available data on hours do not correspond precisely to the concept required

  URL: https://www.federalreserve.gov/econres/feds/how-biased-are-measures-of-cyclical-movements-in-productivity-and-hours.htm
  



• The Fed - A Fully-Rational Liquidity-Based Theory of IPO Underpricing and Underperformance

  available to small price-taking investors, causing them to bid up prices

  URL: https://www.federalreserve.gov/econres/feds/a-fully-rational-liquidity-based-theory-of-ipo-underpricing-and-underperformance.htm
  



• The Fed - Changing Stability in U.S. Employment Relationships: A Tale of Two Tails

  has declined since the 1980s, yet there is a commonly expressed view that...has changed in aggregate and for various demographic groups. We show that

  URL: https://www.federalreserve.gov/econres/feds/changing-stability-in-us-employment-relationships-a-tale-of-two-tails.htm
  



• The Fed - Outstanding Outsourcers: A Firm- and Plant-Level Analysis of Production Sharing

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  URL: https://www.federalreserve.gov/econres/feds/outstanding-outsourcers-a-firm-and-plant-level-analysis-of-production-sharing.htm
  



• The Fed - Efficiency of Financial Institutions: International Survey and Directions for Future Research

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  URL: https://www.federalreserve.gov/econres/feds/efficiency-of-financial-institutions-international-survey-and-directions-for-future-research.htm
  



• The Fed - A Theory of Safe Asset Creation, Systemic Risk, and Aggregate Demand

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  URL: https://www.federalreserve.gov/econres/feds/a-theory-of-safe-asset-creation-systemic-risk-and-aggregate-demand.htm
  



• The Fed - Aggregate Implications of Deviations from Modigliani-Miller: A Sufficient Statistics Approach

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  URL: https://www.federalreserve.gov/econres/feds/aggregate-implications-of-deviations-from-modigliani-miller-a-sufficient-statistics-approach.htm
  



• The Fed - Tossed and Turned: Wealth Dynamics of U.S. Households 2007-2009

  has shown relatively weak or inconsistent changes in the shape of the

  URL: https://www.federalreserve.gov/econres/feds/tossed-and-turned-wealth-dynamics-of-us-households-2007-2009.htm
  



• The Fed - Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation

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  URL: https://www.federalreserve.gov/econres/feds/welfare-effects-of-tax-policy-in-open-economies-stabilization-and-cooperation.htm
  

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