TY  - BOOK
T1  - Risky Mortgages, Bank Leverage, and Credit Policy
AN  - 1767319940; 2011-910306
AB  - Two key channels that allowed the 2007-2009 mortgage crisis to severely impact the real economy were a housing net worth channel, as defined by Mian and Su (2014), which affected the wealth of leveraged households, and a bank net worth channel, which reduced the ability of financial intermediaries to provide credit. To capture these features of the Great Recession, this study developed a DSGE model with balance-sheet constrained banks financing both risky mortgages and productive capital. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2015, 52 pp.
AU  - Ferrante, Francesco
Y1  - 2015/10//
PY  - 2015
DA  - October 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Credit policy
KW  - Mortgage banks
KW  - Housing
KW  - Households
KW  - Credit
KW  - Wealth
KW  - Economic conditions
KW  - Banking
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319940?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ferrante%2C+Francesco&rft.aulast=Ferrante&rft.aufirst=Francesco&rft.date=2015-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Risky+Mortgages%2C+Bank+Leverage%2C+and+Credit+Policy&rft.title=Risky+Mortgages%2C+Bank+Leverage%2C+and+Credit+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015110pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-110
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Realized Bank Risk during the Great Recession
AN  - 1767319700; 2011-910322
AB  - In the years preceding the 2007-2009 financial crisis, forward-looking indicators of bank risk suggested unusually low expectations of bank default. This study assesses whether the ex-ante (ie, prior to the crisis) cross-sectional variability in bank characteristics is related to the ex-post (ie, during the crisis) materialization of bank risk. This tailor-made dataset crucially accounts for the different dimensions of realized bank risk including access to central bank liquidity during the crisis. Less reliance on deposit funding, more aggressive credit growth, larger size and leverage were associated with larger levels of realized risk. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2015, 35 pp.
AU  - Altunbas, Yener
AU  - Manganelli, Simone
AU  - Marques-Ibanez, David
Y1  - 2015/10//
PY  - 2015
DA  - October 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Central banks
KW  - Risk
KW  - Finance
KW  - Credit
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319700?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Altunbas%2C+Yener%3BManganelli%2C+Simone%3BMarques-Ibanez%2C+David&rft.aulast=Altunbas&rft.aufirst=Yener&rft.date=2015-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Realized+Bank+Risk+during+the+Great+Recession&rft.title=Realized+Bank+Risk+during+the+Great+Recession&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1140r.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1140
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Trillion Dollar Question: What Predicts Student Loan Delinquencies?
AN  - 1761664709; 2011-905508
AB  - The recent significant increase in student loan delinquencies has generated interest in understanding the key factors predicting the non-performance of these loans. However, despite the large size of the student loan market, existing analyses have been limited by data. This paper studies predictors of student loan delinquencies and shows that borrower-level credit characteristics are important predictors of student loan delinquencies. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2015, 47 pp.
AU  - Mezza, Alvaro A
AU  - Sommer, Kamila
Y1  - 2015/10//
PY  - 2015
DA  - October 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Loans
KW  - Credit
KW  - Markets
KW  - Student loans
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664709?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Mezza%2C+Alvaro+A%3BSommer%2C+Kamila&rft.aulast=Mezza&rft.aufirst=Alvaro&rft.date=2015-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Trillion+Dollar+Question%3A+What+Predicts+Student+Loan+Delinquencies%3F&rft.title=A+Trillion+Dollar+Question%3A+What+Predicts+Student+Loan+Delinquencies%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015098pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-098
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Interconnectedness in the Interbank Market
AN  - 1761664618; 2011-905516
AB  - Studies the behavior of the interbank market before, during, and after the 2008 financial crisis. Leveraging recent advances in network analysis, this study analyzes two network structures, a correlation network based on publicly traded bank returns, and a physical network based on interbank lending transactions. While the two networks behave similarly pre-crisis, during the crisis the correlation network shows an increase in interconnectedness while the physical network highlights a marked decrease in interconnectedness. Moreover, these networks respond differently to monetary and macroeconomic shocks. Physical networks forecast liquidity problems while correlation networks forecast financial crises. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2015, 46 pp.
AU  - Brunetti, Celso
AU  - Harris, Jeffrey H
AU  - Mankad, Shawn
AU  - Michailidis, George
Y1  - 2015/10//
PY  - 2015
DA  - October 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Finance
KW  - Macroeconomics
KW  - Economic conditions
KW  - Banking
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664618?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Brunetti%2C+Celso%3BHarris%2C+Jeffrey+H%3BMankad%2C+Shawn%3BMichailidis%2C+George&rft.aulast=Brunetti&rft.aufirst=Celso&rft.date=2015-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Interconnectedness+in+the+Interbank+Market&rft.title=Interconnectedness+in+the+Interbank+Market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015090pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-090
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Demand Shock, Liquidity Management, and Firm Growth during the Financial Crisis
AN  - 1761661501; 2011-905510
AB  - Examines the transmission of liquidity across the supply chain during the 2007-2009 financial crisis, a period of financial market illiquidity, for a sample of unrated public firms with differential demand shocks. The study measures differential demand by comparing firms that primarily supply to government customers with those that primarily supply to corporate customers. A difference-in-difference analysis shows little evidence that relatively high demand firms provide more or less liquidity to their own suppliers. The main determinant of the usage of short-term financing is a product market shock. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2015, 57 pp.
AU  - Maksimovic, Vojislav
AU  - Tham, Mandy
AU  - Yook, Youngsuk
Y1  - 2015/10//
PY  - 2015
DA  - October 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Management
KW  - Finance
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661501?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015096pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-096
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Venture Capital and the Performance of Incumbents
AN  - 1761664672; 2011-905525
AB  - Studies the effect of investment in young, private firms by venture capitalists (VC) on public firms in the same industry. The study finds that increased VC investment has a large effect on incumbent profitability. The effect arises due to higher costs and not depressed sales. The effect is short-lived as firms respond by reallocating resources away from treated markets and by reducing their use of labor. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Sep 25 2015, 43 pp.
AU  - Dore, Timothy E
Y1  - 2015/09/25/
PY  - 2015
DA  - 2015 Sep 25
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Sales
KW  - Investments
KW  - Venture capital
KW  - Performance
KW  - Markets
KW  - Labor
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664672?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Dore%2C+Timothy+E&rft.aulast=Dore&rft.aufirst=Timothy&rft.date=2015-09-25&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Venture+Capital+and+the+Performance+of+Incumbents&rft.title=Venture+Capital+and+the+Performance+of+Incumbents&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015080pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-080
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Historical Welfare Analysis of Social Security: Whom Did the Program Benefit?
AN  - 1761667885; 2011-905514
AB  - A well-established result in the literature is that Social Security tends to reduce steady state welfare in a standard life cycle model. However, less is known about the historical effects of the program on agents who were alive when the program was adopted. In a computational life cycle model that simulates the Great Depression and the enactment of Social Security, this paper quantifies the welfare effects of the program's enactment on the cohorts of agents who experienced it. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 24 2015, 49 pp.
AU  - Peterman, William B
AU  - Sommer, Kamila
Y1  - 2015/09/24/
PY  - 2015
DA  - 2015 Sep 24
PB  - Board of Governors of the Federal Reserve System
KW  - Welfare economics
KW  - Standards
KW  - Benefits
KW  - Social insurance
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761667885?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Peterman%2C+William+B%3BSommer%2C+Kamila&rft.aulast=Peterman&rft.aufirst=William&rft.date=2015-09-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Historical+Welfare+Analysis+of+Social+Security%3A+Whom+Did+the+Program+Benefit%3F&rft.title=A+Historical+Welfare+Analysis+of+Social+Security%3A+Whom+Did+the+Program+Benefit%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015092pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-092
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How Did Young Firms Fare during the Great Recession? Evidence from the Kauffman Firm Survey
AN  - 1761661568; 2011-905520
AB  - Examines the evolution of several key firm economic and financial variables in the years surrounding and during the Great Recession using the Kauffman Firm Survey, a large panel of young firms founded in 2004 and surveyed for eight consecutive years. These young firms experienced slower growth in revenues, employment, and assets and faced tighter financing conditions during the recessionary years. While firm growth picked up following the recession, it is not clear that it returned to the levels it would have been absent the recessionary shock. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Sep 23 2015, 33 pp.
AU  - Zarutskie, Rebecca E
AU  - Yang, Tiantian
Y1  - 2015/09/23/
PY  - 2015
DA  - 2015 Sep 23
PB  - Board of Governors of the Federal Reserve System
KW  - Assets
KW  - Surveys
KW  - Employment
KW  - Economic conditions
KW  - Fares
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661568?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Zarutskie%2C+Rebecca+E%3BYang%2C+Tiantian&rft.aulast=Zarutskie&rft.aufirst=Rebecca&rft.date=2015-09-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+Did+Young+Firms+Fare+during+the+Great+Recession%3F+Evidence+from+the+Kauffman+Firm+Survey&rft.title=Institutions+and+Return+Predictability+in+Oil-exporting+Countries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015085pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-085
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Equity Premium, Long-Run Risk, & Optimal Monetary Policy
AN  - 1761664822; 2011-905518
AB  - Examines the welfare implications of monetary policy by constructing a novel New Keynesian model that properly accounts for asset pricing facts. The study finds that the Ramsey optimal monetary policy yields an inflation rate above 3.5% and inflation volatility close to 1.5%. The same model calibrated to a counterfactually low equity premium implies an optimal inflation rate close to zero and inflation volatility less than 10 basis points, consistent with much of the existing literature. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 21 2015, 77 pp.
AU  - Diercks, Anthony M
Y1  - 2015/09/21/
PY  - 2015
DA  - 2015 Sep 21
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Assets
KW  - Welfare economics
KW  - Inflation
KW  - Monetary policy
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664822?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Diercks%2C+Anthony+M&rft.aulast=Diercks&rft.aufirst=Anthony&rft.date=2015-09-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Equity+Premium%2C+Long-Run+Risk%2C+%26+Optimal+Monetary+Policy&rft.title=The+Equity+Premium%2C+Long-Run+Risk%2C+%26+Optimal+Monetary+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015087pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-087
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Does Realized Volatility Help Bond Yield Density Prediction?
AN  - 1767319859; 2011-910301
AB  - The authors suggest using 'realized volatility' as a volatility proxy to aid in model-based multivariate bond yield density forecasting. To do so, they develop a general estimation approach to incorporate volatility proxy information into dynamic factor models with stochastic volatility. The resulting model parameter estimates are highly efficient, which should translate into superior predictive performance. This conjecture is explored in the context of density prediction of US bond yields by incorporating realized volatility into a dynamic Nelson-Siegel (DNS) model with stochastic volatility. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 19 2015, 28 pp.
AU  - Shin, Minchul
AU  - Zhong, Molin
Y1  - 2015/09/19/
PY  - 2015
DA  - 2015 Sep 19
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Bonds
KW  - Forecasting
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319859?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Shin%2C+Minchul%3BZhong%2C+Molin&rft.aulast=Shin&rft.aufirst=Minchul&rft.date=2015-09-19&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Does+Realized+Volatility+Help+Bond+Yield+Density+Prediction%3F&rft.title=Does+Realized+Volatility+Help+Bond+Yield+Density+Prediction%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015115pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-115
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Large-Scale Buy-to-Rent Investors in the Single-Family Housing Market: The Emergence of a New Asset Class?
AN  - 1761664755; 2011-905521
AB  - In 2012, several large firms began purchasing single-family homes with the stated intention of creating large portfolios of rental property. This study presents the first systematic evidence on how this new investor activity differs from that of other investors in the housing market. Many aspects of buy-to-rent investor behavior are consistent with holding property for rent rather than reselling quickly. Additionally, the large size of these investors imparts a few important advantages. In the short run, this investment activity appears to have supported house prices in the areas where it is concentrated. The longer-run impacts remain to be seen. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 14 2015, 56 pp.
AU  - Mills, James
AU  - Molloy, Raven S
AU  - Zarutskie, Rebecca E
Y1  - 2015/09/14/
PY  - 2015
DA  - 2015 Sep 14
PB  - Board of Governors of the Federal Reserve System
KW  - Investors
KW  - Investments
KW  - Assets
KW  - Housing
KW  - Purchasing
KW  - Prices
KW  - Property
KW  - Markets
KW  - Rent
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664755?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Mills%2C+James%3BMolloy%2C+Raven+S%3BZarutskie%2C+Rebecca+E&rft.aulast=Mills&rft.aufirst=James&rft.date=2015-09-14&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Large-Scale+Buy-to-Rent+Investors+in+the+Single-Family+Housing+Market%3A+The+Emergence+of+a+New+Asset+Class%3F&rft.title=Large-Scale+Buy-to-Rent+Investors+in+the+Single-Family+Housing+Market%3A+The+Emergence+of+a+New+Asset+Class%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015084pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-084
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Reconciling Full-Cost and Marginal-Cost Pricing
AN  - 1767321195; 2011-910287
AB  - Despite the clear prescription from economic theory that a firm should set price based only on variable costs, firms routinely factor fixed costs into pricing decisions. This report shows that full-cost pricing (FCP) can help firms uncover their optimal price from economic theory. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 9 2015, 32 pp.
AU  - Gramlich, Jacob P
AU  - Ray, Korok
Y1  - 2015/09/09/
PY  - 2015
DA  - 2015 Sep 09
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Prices
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767321195?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gramlich%2C+Jacob+P%3BRay%2C+Korok&rft.aulast=Gramlich&rft.aufirst=Jacob&rft.date=2015-09-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Reconciling+Full-Cost+and+Marginal-Cost+Pricing&rft.title=Reconciling+Full-Cost+and+Marginal-Cost+Pricing&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015072pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-072
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How House Price Dynamics and Credit Constraints Affect the Equity Extraction of Senior Homeowners
AN  - 1761667924; 2011-905531
AB  - Households can borrow against equity through different channels, including home equity lines of credit (HELOCs), second liens, cash-out refinancing, and -- for senior homeowners -- reverse mortgages. This study uses data from the New York Federal Reserve/Equifax Consumer Credit Panel, the US Department of Housing and Urban Development, and other sources to jointly estimate the decision to extract equity through these different channels. It identifies the influence of credit constraints, house price dynamics, and their interactions on the seniors in a ZIP code extracting through a given channel each year from 2004 to 2012: the boom and bust period in the housing market. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 8 2015, 37 pp.
AU  - Moulton, Stephanie
AU  - Dodini, Samuel
AU  - Haurin, Donald R
AU  - Schmeiser, Maximilian D
Y1  - 2015/09/08/
PY  - 2015
DA  - 2015 Sep 08
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Housing
KW  - United States Housing and urban development department
KW  - Households
KW  - Prices
KW  - Consumer credit
KW  - Markets
KW  - Mortgages
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761667924?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Moulton%2C+Stephanie%3BDodini%2C+Samuel%3BHaurin%2C+Donald+R%3BSchmeiser%2C+Maximilian+D&rft.aulast=Moulton&rft.aufirst=Stephanie&rft.date=2015-09-08&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+House+Price+Dynamics+and+Credit+Constraints+Affect+the+Equity+Extraction+of+Senior+Homeowners&rft.title=How+House+Price+Dynamics+and+Credit+Constraints+Affect+the+Equity+Extraction+of+Senior+Homeowners&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015070pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-070
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Optimal Monetary and Macroprudential Policies: Gains and Pitfalls in a Model of Financial Intermediation
AN  - 1761664785; 2011-905527
AB  - Estimates a quantitative general equilibrium model with nominal rigidities and financial intermediation to examine the interaction of monetary and macroprudential stabilization policies. The estimation procedure uses credit spreads to help identify the role of financial shocks amenable to stabilization via monetary or macroprudential instruments. The estimated model implies that monetary policy should not respond strongly to the credit cycle and can only partially insulate the economy from the distortionary effects of financial frictions/shocks. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 4 2015, 54 pp.
AU  - Kiley, Michael T
AU  - Sim, Jae
Y1  - 2015/09/04/
PY  - 2015
DA  - 2015 Sep 04
PB  - Board of Governors of the Federal Reserve System
KW  - Credit
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664785?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiley%2C+Michael+T%3BSim%2C+Jae&rft.aulast=Kiley&rft.aufirst=Michael&rft.date=2015-09-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Optimal+Monetary+and+Macroprudential+Policies%3A+Gains+and+Pitfalls+in+a+Model+of+Financial+Intermediation&rft.title=Optimal+Monetary+and+Macroprudential+Policies%3A+Gains+and+Pitfalls+in+a+Model+of+Financial+Intermediation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015078pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-078
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Is Economics Research Replicable? Sixty Published Papers from Thirteen Journals Say 'Usually Not'
AN  - 1761661551; 2011-905522
AB  - Attempts to replicate 67 papers published in 13 well-regarded economics journals using author-provided replication files that include both data and code. The study successfully replicated the key qualitative result of 22 of 67 papers (33%) without contacting the authors and 29 of 59 papers (49%) with assistance from the authors. Because the study was able to replicate less than half of the papers in the sample even with help from the authors, this paper asserts that economics research is usually not replicable. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Sep 4 2015, 25 pp.
AU  - Chang, Andrew C
AU  - Li, Phillip
Y1  - 2015/09/04/
PY  - 2015
DA  - 2015 Sep 04
PB  - Board of Governors of the Federal Reserve System
KW  - Economic research
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661551?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chang%2C+Andrew+C%3BLi%2C+Phillip&rft.aulast=Chang&rft.aufirst=Andrew&rft.date=2015-09-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Is+Economics+Research+Replicable%3F+Sixty+Published+Papers+from+Thirteen+Journals+Say+%27Usually+Not%27&rft.title=Is+Economics+Research+Replicable%3F+Sixty+Published+Papers+from+Thirteen+Journals+Say+%27Usually+Not%27&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015083pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-083
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Biased Shorts: Short Sellers' Disposition Effect and Limits to Arbitrage
AN  - 1767320031; 2011-910315
AB  - Investigates whether short sellers are subject to the disposition effect using a novel dataset that allows to identify the closing of short positions. Consistent with the disposition effect, short sellers are more likely to close a position the higher their capital gains. Furthermore, stocks with high short sale capital gains experience negative returns, suggesting that their disposition effect has an effect on stock prices. A trading strategy based on this finding achieves significant three-factor alphas. Overall, short sellers' behavioral biases limit their ability to arbitrage away the mispricing caused by the disposition effect of other market participants. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 53 pp.
AU  - von Beschwitz, Bastian
AU  - Massa, Massimo
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Sales
KW  - Arbitrage
KW  - Prices
KW  - Stocks
KW  - Capital
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767320031?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=von+Beschwitz%2C+Bastian%3BMassa%2C+Massimo&rft.aulast=von+Beschwitz&rft.aufirst=Bastian&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Biased+Shorts%3A+Short+Sellers%27+Disposition+Effect+and+Limits+to+Arbitrage&rft.title=Biased+Shorts%3A+Short+Sellers%27+Disposition+Effect+and+Limits+to+Arbitrage&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1147.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1147
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Misallocation and Productivity in the Lead Up to the Eurozone Crisis
AN  - 1767319857; 2011-910316
AB  - Uses Portuguese firm-level data to investigate whether changes in resource misallocation may have contributed to the poor economic performance of some southern and peripheral European countries leading up to the Eurozone crisis. The study extends Hsieh and Klenow's (2009) methodology to include intermediate inputs and consider all sectors of the economy (agriculture, manufacturing, and services). It finds that within-industry misallocation almost doubled between 1996 and 2011. Equalizing total factor revenue productivity across firms within an industry could have boosted valued-added 48% and 79% above actual levels in 1996 and 2011, respectively. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 54 pp.
AU  - Dias, Daniel A
AU  - Marques, Carlos Robalo
AU  - Richmond, Christine
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Agriculture
KW  - Eurocurrency market
KW  - Manufacturing
KW  - Revenue
KW  - Performance
KW  - Productivity
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319857?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Dias%2C+Daniel+A%3BMarques%2C+Carlos+Robalo%3BRichmond%2C+Christine&rft.aulast=Dias&rft.aufirst=Daniel&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Misallocation+and+Productivity+in+the+Lead+Up+to+the+Eurozone+Crisis&rft.title=Misallocation+and+Productivity+in+the+Lead+Up+to+the+Eurozone+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1146.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1146
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - International Dollar Flows
AN  - 1767319827; 2011-910318
AB  - Using confidential Federal Reserve data, this study explores the factors driving US banknote flows between the US and other countries. These flows are a significant component of capital flows in emerging market economies, where physical US currency functions as a safe asset, and precautionary demand for US banknotes is a form of flight to quality. Prior to the global financial crisis, country-specific factors, including local economic uncertainty, largely explained the volume and heterogeneity of the flows. Since the crisis, global factors, particularly, global economic uncertainty, explain the flows markedly well. Further, precautionary demand for US banknotes is not episodic. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 39 pp.
AU  - Banegas, Ayelen
AU  - Judson, Ruth
AU  - Sims, Charles
AU  - Stebunovs, Viktors
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Finance
KW  - Assets
KW  - Capital
KW  - Economic conditions
KW  - Developing countries
KW  - Currency in circulation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319827?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Banegas%2C+Ayelen%3BJudson%2C+Ruth%3BSims%2C+Charles%3BStebunovs%2C+Viktors&rft.aulast=Banegas&rft.aufirst=Ayelen&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=International+Dollar+Flows&rft.title=International+Dollar+Flows&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1144.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1144
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Potential Output and Recessions: Are We Fooling Ourselves?
AN  - 1767319768; 2011-910317
AB  - This paper studies the impact of recessions on the longer-run level of output using data on 23 advanced economies over the past 40 years. It finds that severe recessions have a sustained and sizable negative impact on the level of output. This sustained decline in output raises questions about the underlying properties of output and how trend output or potential around recessions is modeled. There is little support for the view that output rises faster than trend immediately following recessions to close the output gap. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 27 pp.
AU  - Martin, Robert
AU  - Munyan, Teyanna
AU  - Wilson, Beth Anne
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Property
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319768?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Martin%2C+Robert%3BMunyan%2C+Teyanna%3BWilson%2C+Beth+Anne&rft.aulast=Martin&rft.aufirst=Robert&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Potential+Output+and+Recessions%3A+Are+We+Fooling+Ourselves%3F&rft.title=Potential+Output+and+Recessions%3A+Are+We+Fooling+Ourselves%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1145.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1145
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Nowcasting Indonesia
AN  - 1761664824; 2011-905506
AB  - This study produces predictions of the current state of the Indonesian economy by estimating a dynamic factor model on a dataset of eleven indicators (also followed closely by market operators) over the time period 2002 to 2014. Besides the standard difficulties associated with constructing timely indicators of current economic conditions, Indonesia presents additional challenges typical to emerging market economies where data are often scant and unreliable. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 21 pp.
AU  - Luciani, Matteo
AU  - Pundit, Madhavi
AU  - Ramayandi, Arief
AU  - Veronese, Giovanni
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Indonesia
KW  - Indonesians
KW  - Standards
KW  - Economic conditions
KW  - Markets
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664824?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Luciani%2C+Matteo%3BPundit%2C+Madhavi%3BRamayandi%2C+Arief%3BVeronese%2C+Giovanni&rft.aulast=Luciani&rft.aufirst=Matteo&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Nowcasting+Indonesia&rft.title=Nowcasting+Indonesia&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015100pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-100
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Information, Contract Design, and Unsecured Credit Supply: Evidence from Credit Card Mailings
AN  - 1761664783; 2011-905503
AB  - This study explores how lenders of unsecured credit use screening and contract design to mitigate the risks of information asymmetry and limited commitment in the absence of collateral. To address this question, it takes advantage of a unique dataset of over 200,000 credit card mail solicitations to a representative sample of households over the recent credit cycle, a period that includes the implementation of the CARD Act. It finds that while lenders use credit scores as a prominent screening device, they also take into account a wide array of other information on borrowers' credit histories and financial and demographic characteristics. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 54 pp.
AU  - Han, Song
AU  - Keys, Benjamin
AU  - Li, Geng
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Contracts
KW  - History
KW  - Households
KW  - Credit cards
KW  - Credit
KW  - Demographics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664783?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Han%2C+Song%3BKeys%2C+Benjamin%3BLi%2C+Geng&rft.aulast=Han&rft.aufirst=Song&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Small+Businesses+and+Small+Business+Finance+during+the+Financial+Crisis+and+the+Great+Recession%3A+New+Evidence+from+the+Survey+of+Consumer+Finances&rft.title=Small+Businesses+and+Small+Business+Finance+during+the+Financial+Crisis+and+the+Great+Recession%3A+New+Evidence+from+the+Survey+of+Consumer+Finances&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015103pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-103
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Regime-Switching Models for Estimating Inflation Uncertainty
AN  - 1761664629; 2011-905513
AB  - This paper constructs regime-switching models for estimating the probability of inflation returning to its relatively high levels of variability and persistence in the 1970s and 1980s. Forecasts and probabilities of extreme events from the models are evaluated against comparable estimates from other statistical models, from surveys, and from financial markets. The paper then uses the models to construct prediction intervals around Federal Reserve Board staff forecasts of personal consumption expenditure (PCE) price inflation, combining the recent non-parametric forecast error distribution with parametric information from the model. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 38 pp.
AU  - Nalewaik, Jeremy J
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Appropriations and expenditures
KW  - Prices
KW  - Consumption
KW  - Surveys
KW  - Inflation
KW  - Errors
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664629?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nalewaik%2C+Jeremy+J&rft.aulast=Nalewaik&rft.aufirst=Jeremy&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Regime-Switching+Models+for+Estimating+Inflation+Uncertainty&rft.title=Regime-Switching+Models+for+Estimating+Inflation+Uncertainty&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015093pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-093
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Information Disclosures, Default Risk, and Bank Value
AN  - 1761661577; 2011-905502
AB  - This paper investigates the causal effects of voluntary information disclosures on a bank's expected default probability, enterprise risk, and value. It measure disclosure via a self-constructed index for the largest 80 US bank holding companies for the period 1998-2011 and provides evidence that a bank's management responds to a plausibly exogenous deterioration in the supply of public information by increasing its voluntary disclosure, which in turn improves investors' assessment of the bank risk and value. This evidence suggests that disclosure may alleviate informational frictions and lead to a more efficient allocation of risk and return. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2015, 38 pp.
AU  - Zer, Ilknur
Y1  - 2015/09//
PY  - 2015
DA  - September 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Indexes
KW  - Risk
KW  - Investors
KW  - Holding companies
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661577?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Zer%2C+Ilknur&rft.aulast=Zer&rft.aufirst=Ilknur&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Global+Trade+Model+for+the+Euro+Area&rft.title=A+Global+Trade+Model+for+the+Euro+Area&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015104pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-104
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Predicting recessions with leading indicators: model averaging and selection over the business cycle
AN  - 1710257041; 4703271
AB  - Four methods of model selection-equally weighted forecasts, Bayesian model-averaged forecasts, and two models produced by the machine-learning algorithm boosting-are applied to the problem of predicting business cycle turning points with a set of common macroeconomic variables. The methods address a fundamental problem faced by forecasters: the most useful model is simple but makes use of all relevant indicators. The results indicate that successful models of recession condition on different economic indicators at different forecast horizons. Predictors that describe real economic activity provide the clearest signal of recession at very short horizons. In contrast, signals from housing and financial markets produce the best forecasts at longer forecast horizons. A real-time forecast experiment explores the predictability of the 2001 and 2007 recessions. Copyright © 2015 John Wiley & Sons, Ltd. Copyright John Wiley & Sons. Reproduced with permission. An electronic version of this article is available online at http://www.interscience.wiley.com
JF  - Journal of forecasting
AU  - Berge, Travis J
AD  - Board of Governors of the Federal Reserve System
Y1  - 2015/09//
PY  - 2015
DA  - Sep 2015
SP  - 455
EP  - 471
VL  - 34
IS  - 6
SN  - 0277-6693, 0277-6693
KW  - Economics
KW  - Algorithms
KW  - Economic forecasts
KW  - Economic activity
KW  - Recession
KW  - Business cycles
KW  - Bayesian method
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+forecasting&rft.atitle=Predicting+recessions+with+leading+indicators%3A+model+averaging+and+selection+over+the+business+cycle&rft.au=Berge%2C+Travis+J&rft.aulast=Berge&rft.aufirst=Travis&rft.date=2015-09-01&rft.volume=34&rft.issue=6&rft.spage=455&rft.isbn=&rft.btitle=&rft.title=Journal+of+forecasting&rft.issn=02776693&rft_id=info:doi/10.1002%2Ffor.2345
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-09-09
N1  - Last updated - 2015-09-09
N1  - SubjectsTermNotLitGenreText - 3937 5163; 10651 1850; 3872 554 971; 1850; 1512 3865 4025; 918 7824
DO  - http://dx.doi.org/10.1002/for.2345
ER  - 



TY  - BOOK
T1  - What Can the Data Tell Us about the Equilibrium Real Interest Rate?
AN  - 1761664614; 2011-905528
AB  - The equilibrium real interest rate is the short-term real interest rate that, in the long run, is consistent with aggregate production at potential and stable inflation. Estimation of the real interest rate faces considerable econometric and empirical challenges. These challenges are addressed by applying Bayesian methods and examining the role of several 'demand shifters,' including asset prices, fiscal policy, and credit conditions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 26 2015, 30 pp.
AU  - Kiley, Michael T
Y1  - 2015/08/26/
PY  - 2015
DA  - 2015 Aug 26
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Assets
KW  - Production
KW  - Prices
KW  - Credit
KW  - Inflation
KW  - Econometrics
KW  - Fiscal policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664614?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015077pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-077
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Exploring the Racial Wealth Gap Using the Survey of Consumer Finances
AN  - 1761668077; 2011-905529
AB  - This paper studies the racial wealth gap using data from the Federal Reserve's Survey of Consumer Finances from 1989 to 2013. It documents that the mean and median wealth (net worth) of white families has consistently been much greater than that of black and Hispanic families, and the gap between them has increased in recent years. The study uses reduced-form OLS regressions and non-parametric decomposition techniques to assess the contribution to the racial wealth gap of life-cycle patterns, educational attainment, inheritance, attitudes toward saving and investing, and a number of additional factors. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Aug 22 2015, 61 pp.
AU  - Thompson, Jeffrey P
AU  - Suarez, Gustavo A
Y1  - 2015/08/22/
PY  - 2015
DA  - 2015 Aug 22
PB  - Board of Governors of the Federal Reserve System
KW  - Whites
KW  - Saving
KW  - Blacks
KW  - Surveys
KW  - Family
KW  - Wealth
KW  - Inheritance
KW  - Consumers
KW  - Hispanics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761668077?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Thompson%2C+Jeffrey+P%3BSuarez%2C+Gustavo+A&rft.aulast=Thompson&rft.aufirst=Jeffrey&rft.date=2015-08-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Exploring+the+Racial+Wealth+Gap+Using+the+Survey+of+Consumer+Finances&rft.title=Exploring+the+Racial+Wealth+Gap+Using+the+Survey+of+Consumer+Finances&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015076pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-076
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Fewer Vacants, Fewer Crimes? Impacts of Neighborhood Revitalization Policies on Crime
AN  - 1761667914; 2011-905517
AB  - The relationship between neighborhood physical environment and social disorder, particularly crime, is of critical interest to urban economists, sociologists, and local governments. The federal Neighborhood Stabilization Program (NSP) provided funding for local policymakers to rehabilitate or demolish foreclosed and vacant properties, in order to mitigate negative spillovers on surrounding neighborhoods. This paper investigates the impact of NSP investments on localized crime patterns in Cleveland, Chicago, and Denver. Results suggest that demolition activity in Cleveland decreased burglary and theft, but do not find measurable impacts of property rehabilitation investments. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 18 2015, 43 pp.
AU  - Spader, Jonathan
AU  - Schuetz, Jenny
AU  - Cortes, Alvaro
Y1  - 2015/08/18/
PY  - 2015
DA  - 2015 Aug 18
PB  - Board of Governors of the Federal Reserve System
KW  - Theft
KW  - Burglary
KW  - Chicago, Illinois
KW  - Investments
KW  - Economists
KW  - Rehabilitation
KW  - Local government
KW  - Neighborhoods
KW  - Property
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Spader%2C+Jonathan%3BSchuetz%2C+Jenny%3BCortes%2C+Alvaro&rft.aulast=Spader&rft.aufirst=Jonathan&rft.date=2015-08-18&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Fewer+Vacants%2C+Fewer+Crimes%3F+Impacts+of+Neighborhood+Revitalization+Policies+on+Crime&rft.title=Fewer+Vacants%2C+Fewer+Crimes%3F+Impacts+of+Neighborhood+Revitalization+Policies+on+Crime&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015088pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-088
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Role of Dispersed Information in Pricing Default: Evidence from the Great Recession
AN  - 1761668054; 2011-905526
AB  - The recent Global Games literature makes important predictions on how financial crises unfold. This study tests the empirical relevance of these theories by analyzing how dispersed information affects banks' default risk. It finds evidence that precise information acts as a coordination device which reduces creditors' willingness to roll over debt to a bank, thus increasing both its default risk and its vulnerability to changes in expectations. Given an unfavorable median forecast, less dispersed beliefs greatly increase default risk, and less dispersion of beliefs amplifies the reaction of default risk to changes in market expectations. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 13 2015, 56 pp.
AU  - Brancati, Emanuele
AU  - Macchiavelli, Marco
Y1  - 2015/08/13/
PY  - 2015
DA  - 2015 Aug 13
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Debt
KW  - Economic conditions
KW  - Markets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761668054?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Brancati%2C+Emanuele%3BMacchiavelli%2C+Marco&rft.aulast=Brancati&rft.aufirst=Emanuele&rft.date=2015-08-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Role+of+Dispersed+Information+in+Pricing+Default%3A+Evidence+from+the+Great+Recession&rft.title=The+Role+of+Dispersed+Information+in+Pricing+Default%3A+Evidence+from+the+Great+Recession&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015079pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-079
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Innovation, Investor Sentiment, and Firm-level Experimentation
AN  - 1767320924; 2011-910289
AB  - Due to frictions like informational externalities, firms invest too little in learning the productivity of newly available technologies through small-scale experimentation. This study explores the effect of investor sentiment on the relation between technological innovation and future firm-level research and development (R&D) expenses, which include the resources used for small-scale experimentation. It finds that rapidly improving investor sentiment strengthens the effect of technological innovation on one-year-ahead R&D expenses and that the effect is more pronounced for high-tech firms with tighter financing constraints. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 12 2015, 46 pp.
AU  - Aramonte, Sirio
Y1  - 2015/08/12/
PY  - 2015
DA  - 2015 Aug 12
PB  - Board of Governors of the Federal Reserve System
KW  - Technological innovations
KW  - Investors
KW  - Research and development
KW  - Productivity
KW  - Technology
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767320924?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Aramonte%2C+Sirio&rft.aulast=Aramonte&rft.aufirst=Sirio&rft.date=2015-08-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Innovation%2C+Investor+Sentiment%2C+and+Firm-level+Experimentation&rft.title=Innovation%2C+Investor+Sentiment%2C+and+Firm-level+Experimentation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015067pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-067
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Why Do Short Sellers Like Qualitative News?
AN  - 1767320078; 2011-910313
AB  - Short sellers trade more on days with qualitative news -- ie, news containing fewer numbers. This study shows that this behavior is not informationally-motivated but can be explained by short sellers exploiting higher liquidity on such days. The authors document that liquidity and noise trading increase in the presence of qualitative news thus enabling short sellers to better disguise their informed trades. Natural experiments support their findings. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 58 pp.
AU  - von Beschwitz, Bastian
AU  - Chuprinin, Oleg
AU  - Massa, Massimo
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Noise
KW  - News
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767320078?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=von+Beschwitz%2C+Bastian%3BChuprinin%2C+Oleg%3BMassa%2C+Massimo&rft.aulast=von+Beschwitz&rft.aufirst=Bastian&rft.date=2015-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Why+Do+Short+Sellers+Like+Qualitative+News%3F&rft.title=Why+Do+Short+Sellers+Like+Qualitative+News%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1149.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1149
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Nominal Rigidities and the Term Structures of Equity and Bond Returns
AN  - 1767320072; 2011-910291
AB  - A downward-sloping term structure of equity and upward-sloping term structures of interest rates arise endogenously in a general-equilibrium model with nominal rigidities and nonlinear habits in consumption. Countercyclical marginal costs exacerbate the procyclicality of dividends after a technology shock and generate countercyclical inflation. Marginal costs fall after a negative technology shock as the price level increases, so the payoffs of short-duration dividend claims (bonds) are more (less) procyclical than the payoffs of long-duration claims (bonds). The presence of market and home consumption habits can unite nonlinear habits and a production economy without compromising the ability of the model to fit macroeconomic variables. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 44 pp.
AU  - Lopez, Pierlauro
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Bonds
KW  - Prices
KW  - Dividends
KW  - Consumption
KW  - Inflation
KW  - Markets
KW  - Technology
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767320072?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lopez%2C+Pierlauro&rft.aulast=Lopez&rft.aufirst=Pierlauro&rft.date=2015-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Nominal+Rigidities+and+the+Term+Structures+of+Equity+and+Bond+Returns&rft.title=Nominal+Rigidities+and+the+Term+Structures+of+Equity+and+Bond+Returns&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015064pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-064
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Contracting with Feedback
AN  - 1767320055; 2011-910319
AB  - Studies the effect of financial market conditions on managerial compensation structure. First, the study analyzes the optimal pay-for-performance in a model in which corporate decisions and firm value are both endogenous to trading due to feedback from information contained in stock prices. In a less frictional financial market, the improved information content of stock prices helps guide managerial decisions, and this information substitutes out part of the direct incentive provision from compensation contracts. Thus, the optimal pay-for-performance is lowered in response to reductions in market frictions. The financial market environment plays an important role in shaping CEO compensation structure. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 60 pp.
AU  - Lin, Tse-chun
AU  - Liu, Qi
AU  - Sun, Bo
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Contracts
KW  - Prices
KW  - Stocks
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767320055?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lin%2C+Tse-chun%3BLiu%2C+Qi%3BSun%2C+Bo&rft.aulast=Lin&rft.aufirst=Tse-chun&rft.date=2015-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Contracting+with+Feedback&rft.title=Contracting+with+Feedback&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1143.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1143
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Aggregate Consequences of Dynamic Credit Relationships
AN  - 1767319975; 2011-910292
AB  - This paper presents a general equilibrium model in which entrepreneurs finance a firm with a long-term contract. The contract is constrained efficient because firm revenue is costly to monitor and entrepreneurs may default. The cost of monitoring firms and the entrepreneurs' outside options determine the significance of moral hazard relative to limited enforcement for financial contracting. Calibrating the model to the US economy, this study finds that the relative welfare loss from financial frictions is about 5% in terms of aggregate consumption with moral hazard, while it is 1% with limited enforcement. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 60 pp.
AU  - Verani, Stephane
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - United States
KW  - Entrepreneurs
KW  - Finance
KW  - Contracts
KW  - Welfare economics
KW  - Credit
KW  - Consumption
KW  - Revenue
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319975?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Verani%2C+Stephane&rft.aulast=Verani&rft.aufirst=Stephane&rft.date=2015-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Aggregate+Consequences+of+Dynamic+Credit+Relationships&rft.title=Aggregate+Consequences+of+Dynamic+Credit+Relationships&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015063pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-063
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Securitization and Lending Standards: Evidence from the European Wholesale Loan Market
AN  - 1767319907; 2011-910321
AB  - Assesses the effect of securitization activity on banks' lending rates employing a uniquely detailed dataset from the euro-denominated syndicated loan market. In the run up to the 2007-2009 crisis, banks that were more active at originating asset-backed securities did not price their loans more aggressively than less-active banks. Within the set of loans that were previously securitized, the relative level of securitization activity by the originating bank was not related to narrower lending spreads. While the credit cycle seems to have a major impact of lending standards, the effect of securitization activity appears to be very limited. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 33 pp.
AU  - Kara, Alper
AU  - Marques-Ibanez, David
AU  - Ongena, Steven
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Loans
KW  - Prices
KW  - Credit
KW  - Standards
KW  - Markets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319907?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1141.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1141
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Identifying Foreign Suppliers in U.S. Merchandise Import Transactions
AN  - 1767319709; 2011-910320
AB  - International trade data capturing relationships between importing and exporting firms provides new insight into the activity of trading firms, but the quality of such disaggregated data is unknown. This paper assesses the reliability of two-sided data from the US by comparing the number of foreign suppliers from US import data to origin-country data. Such exporter counts tend to be lower than the same counts from raw US data. This analysis presents broad support for usage of US data to study buyer-supplier relationships. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 27 pp.
AU  - Kamal, Fariha
AU  - Krizan, C J
AU  - Monarch, Ryan
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Export-import trade
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1142.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1142
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - International Trade Risk and the Role of Banks
AN  - 1767319687; 2011-910311
AB  - International trade exposes exporters and importers to substantial risks. To mitigate these risks, firms can buy special trade finance products from banks. This paper explores under which conditions and to what extent firms use these products. It finds that letters of credit and documentary collections cover about 10% of US exports and are preferred for larger transactions, indicating substantial fixed costs. Letters of credit are employed the most for exports to countries with intermediate contract enforcement. Compared to documentary collections, they are used for riskier destinations. This report provides a model that rationalizes these empirical findings and discusses implications. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 59 pp.
AU  - Niepmann, Friederike
AU  - Schmidt-Eisenlohr, Tim
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - United States
KW  - Risk
KW  - Finance
KW  - Contracts
KW  - Letters of credit
KW  - Banking
KW  - Export-import trade
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1151.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1151
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financial Stress and Equilibrium Dynamics in Money Markets
AN  - 1761661608; 2011-905515
AB  - Interest rate spreads are widely-used indicators of funding pressures and market functioning in money markets. Using weekly data from 2002 to 2015, this study analyzes money market dynamics in a long-run equilibrium framework where commonly-monitored spreads serve as error correction terms. It finds strong evidence for nonlinearities with respect to levels of the spreads. The results indicate significant asymmetry in the adjustment toward long-run equilibrium. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 39 pp.
AU  - Yoldas, Emre
AU  - Senyuz, Zeynep
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Errors
KW  - Markets
KW  - Money market
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015091pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-091
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Credit Scores and Committed Relationships
AN  - 1761661607; 2011-905524
AB  - This paper presents novel evidence on the role of credit scores in the dynamics of committed relationships. It documents substantial positive assortative matching with respect to credit scores, even when controlling for other socioeconomic and demographic characteristics. As a result, individual-level differences in access to credit are largely preserved at the household level. Moreover, it finds that the couples' average level of and the match quality in credit scores, measured at the time of relationship formation, are highly predictive of subsequent separations. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2015, 55 pp.
AU  - Dokko, Jane
AU  - Li, Geng
AU  - Hayes, Jessica
Y1  - 2015/08//
PY  - 2015
DA  - August 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Socioeconomic status
KW  - Households
KW  - Credit
KW  - Demographics
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015081pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-081
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Second Quarter, 2015
AN  - 1704380989
AB  - This article presents the orders issued under Bank Holding Company Act (BHC Act) and Federal Reserve Act (FRA). In the BHC Act, Chemical Financial Corp, a financial holding company within the meaning of the BHC Act, has requested the Board of Governors of the Federal Reserve System's approval under section 3 of the BHC Act to merge with Lake Michigan Financial Corp, and thereby indirectly acquire its subsidiary banks, The Bank of Holland, and The Bank of Northern Michigan, all of Michigan. BB&T Corp, NC, has also requested the Board's approval under section 3 of the BHC Act to merge with The Bank of Kentucky Financial Corp and thereby acquire The Bank of Kentucky Inc, both of Crestview Hills, KY. While in the Federal Reserve Act, The Bank of Versailles, a state member bank, has requested the Board's approval under section 9 of the FRA and the Board's Regulation H^sup 2^ to establish a branch at 76 Grand Point Boulevard in Sunrise Beach, MO.
JF  - Federal Reserve Bulletin
AU  - Shanks, Margaret McCloskey
Y1  - 2015/08//
PY  - 2015
DA  - Aug 2015
SP  - 1
EP  - 45
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 101
IS  - 3
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank acquisitions & mergers
KW  - Regulatory approval
KW  - Banking law
KW  - Proposals
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 4310:Regulation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Name - Federal Reserve System
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Aug 2015
N1  - Document feature - Tables; References
N1  - Last updated - 2015-08-17
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Income and Earnings Mobility in U.S. Tax Data
AN  - 1767319813; 2011-910294
AB  - Uses a large panel of federal income tax data to investigate intragenerational income mobility in the US. There are two primary objectives: (1) explore the determinants of two-year changes in individual labor earnings and family incomes, such as job or industry changes, marriage, divorce, and geographic mobility and (2) evaluate how federal income taxes stabilize or destabilize post-tax income changes relative to pre-tax changes. The study finds a relatively high degree of income mobility, with almost half of workers exhibiting earnings increases or decreases of at least 25%, and two-fifths of tax units experiencing income changes of this magnitude. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 30 2015, 34 pp.
AU  - Larrimore, Jeff
Y1  - 2015/07/30/
PY  - 2015
DA  - 2015 Jul 30
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Income tax
KW  - Divorce
KW  - Family
KW  - Marriage
KW  - Labor
KW  - Industry
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319813?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Larrimore%2C+Jeff&rft.aulast=Larrimore&rft.aufirst=Jeff&rft.date=2015-07-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Income+and+Earnings+Mobility+in+U.S.+Tax+Data&rft.title=Income+and+Earnings+Mobility+in+U.S.+Tax+Data&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015061pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-061
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Un-Networking: The Evolution of Networks in the Federal Funds Market
AN  - 1761663168; 2011-902506
AB  - Using a network approach to characterize the evolution of the federal funds market during the Great Recession and financial crisis of 2007-2008, this study documents that many small federal funds lenders began reducing their lending to larger institutions in the core of the network starting in mid-2007. But an abrupt change occurred in the fall of 2008, when small lenders left the federal funds market en masse and those that remained lent smaller amounts, less frequently. Increases in counterparty and liquidity risk are associated with reduced lending activity within the network. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 16 2015, 41 pp.
AU  - Beltran, Daniel O
AU  - Bolotnyy, Valentin
AU  - Klee, Elizabeth C
Y1  - 2015/07/16/
PY  - 2015
DA  - 2015 Jul 16
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Finance
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761663168?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Beltran%2C+Daniel+O%3BBolotnyy%2C+Valentin%3BKlee%2C+Elizabeth+C&rft.aulast=Beltran&rft.aufirst=Daniel&rft.date=2015-07-16&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Un-Networking%3A+The+Evolution+of+Networks+in+the+Federal+Funds+Market&rft.title=Un-Networking%3A+The+Evolution+of+Networks+in+the+Federal+Funds+Market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015055pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-055
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - End of the Line: Behavior of HELOC Borrows Facing Payment Changes
AN  - 1761664772; 2011-905532
AB  - An important question is whether a change in required debt payments affects borrower behavior. One challenge has been identifying whether higher default rates after an increase in debt payments stem from the inability of borrowers to pay the higher amount, or the attrition of better borrowers in advance of the payment change. A related question is whether the higher default rate is a result of features of the debt product, or the type of borrower who chooses the product. This study addresses these questions as they relate to a scheduled increase in payments on home equity lines of credit (HELOCs). Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 10 2015, 32 pp.
AU  - Johnson, Kathleen W
AU  - Sarama, Robert F
Y1  - 2015/07/10/
PY  - 2015
DA  - 2015 Jul 10
PB  - Board of Governors of the Federal Reserve System
KW  - Credit
KW  - Debt
KW  - Payment
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664772?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Johnson%2C+Kathleen+W%3BSarama%2C+Robert+F&rft.aulast=Johnson&rft.aufirst=Kathleen&rft.date=2015-07-10&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=End+of+the+Line%3A+Behavior+of+HELOC+Borrows+Facing+Payment+Changes&rft.title=End+of+the+Line%3A+Behavior+of+HELOC+Borrows+Facing+Payment+Changes&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015073pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-073
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Accuracy of Forecasts Prepared for the Federal Open Market Committee
AN  - 1767319920; 2011-910293
AB  - Analyzes forecasts of consumption, nonresidential investment, residential investment, government spending, exports, imports, inventories, gross domestic product, inflation, and unemployment prepared by the Board of Governors of the Federal Reserve System for meetings of the Federal Open Market Committee from 1997 to 2008 (the Greenbooks). The study compares the root mean squared error, mean absolute error, and the proportion of directional errors of Greenbook forecasts of these macroeconomic indicators to the errors from three forecasting benchmarks. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 9 2015, 24 pp.
AU  - Chang, Andrew C
AU  - Hanson, Tyler J
Y1  - 2015/07/09/
PY  - 2015
DA  - 2015 Jul 09
PB  - Board of Governors of the Federal Reserve System
KW  - Investments
KW  - Unemployment
KW  - Consumption
KW  - Inflation
KW  - Federal reserve system
KW  - Inventory
KW  - Markets
KW  - Errors
KW  - Export-import trade
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319920?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chang%2C+Andrew+C%3BHanson%2C+Tyler+J&rft.aulast=Chang&rft.aufirst=Andrew&rft.date=2015-07-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Wage+Dispersion+with+Heterogeneous+Wage+Contracts&rft.title=Wage+Dispersion+with+Heterogeneous+Wage+Contracts&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015062pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-062
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Cyclicality of Sales, Regular, and Effective Prices: Comment
AN  - 1761660469; 2011-902509
AB  - Coibion, Gorodnichenko, and Hong (2015) argue that the Consumer Price Index (CPI) underestimates the deceleration in consumer prices during economic downturns because the index fails to account for the reallocation of consumer spending from high- to low-price stores. This study shows that these authors' measures of inflation with and without store switching suffer from several methodological deficiencies, including an excessive truncation of price adjustments and the lack of a treatment for missing observations. When these deficiencies are addressed, the authors' key regression results no longer suggest that greater store switching during downturns is a statistically or economically significant phenomenon. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Jul 9 2015, 25 pp.
AU  - Gagnon, Etienne
AU  - Lopez-Salido, David
AU  - Sockin, Jason A
Y1  - 2015/07/09/
PY  - 2015
DA  - 2015 Jul 09
PB  - Board of Governors of the Federal Reserve System
KW  - Sales
KW  - Indexes
KW  - Prices
KW  - Price indexes
KW  - Inflation
KW  - Consumers
KW  - Stores
KW  - Economic conditions
KW  - Economic stabilization
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761660469?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gagnon%2C+Etienne%3BLopez-Salido%2C+David%3BSockin%2C+Jason+A&rft.aulast=Gagnon&rft.aufirst=Etienne&rft.date=2015-07-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Cyclicality+of+Sales%2C+Regular%2C+and+Effective+Prices%3A+Comment&rft.title=The+Cyclicality+of+Sales%2C+Regular%2C+and+Effective+Prices%3A+Comment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015052pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-052
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Asset Return Dynamics under Habits and Bad-Environment Good-Environment Fundamentals
AN  - 1761667238; 2011-902508
AB  - Introduces a 'bad environment-good environment' (BEGE) technology for consumption growth in a consumption-based asset pricing model with external habit formation. The model generates realistic non-Gaussian features of consumption growth and fits standard salient features of asset prices including the means and volatilities of equity returns and a low risk free rate. BEGE dynamics additionally allow the model to generate realistic properties of equity index options prices and their comovements with the macroeconomic outlook. In particular, when option-implied volatility is high, the distribution of consumption growth is more negatively skewed. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 3 2015, 62 pp.
AU  - Bekaert, Geert
AU  - Engstrom, Eric
Y1  - 2015/07/03/
PY  - 2015
DA  - 2015 Jul 03
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Indexes
KW  - Assets
KW  - Prices
KW  - Consumption
KW  - Standards
KW  - Property
KW  - Technology
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761667238?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bekaert%2C+Geert%3BEngstrom%2C+Eric&rft.aulast=Bekaert&rft.aufirst=Geert&rft.date=2015-07-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Asset+Return+Dynamics+under+Habits+and+Bad-Environment+Good-Environment+Fundamentals&rft.title=Asset+Return+Dynamics+under+Habits+and+Bad-Environment+Good-Environment+Fundamentals&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015053pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-053
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Risk Taking and Low Longer-term Interest Rates: Evidence from the U.S. Syndicated Loan Market
AN  - 1767320017; 2011-910288
AB  - Uses supervisory data to investigate risk taking in the US syndicated loan market at a time when longer-term interest rates are exceptionally low and studies the ex-ante credit risk of loans acquired by different types of lenders, including banks and shadow banks. The study finds that insurance companies, pension funds, and, in particular, structured-finance vehicles take higher credit risk when investors expect interest rates to remain low. Banks originate riskier loans that they tend to divest shortly after origination, thus appearing to accommodate other lenders' investment choices. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jul 2015, 44 pp.
AU  - Aramonte, Sirio
AU  - Lee, Seung Jung
AU  - Stebunovs, Viktors
Y1  - 2015/07//
PY  - 2015
DA  - July 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Interest rates
KW  - Risk
KW  - Investments
KW  - Pensions
KW  - Loans
KW  - Credit
KW  - Markets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767320017?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Aramonte%2C+Sirio%3BLee%2C+Seung+Jung%3BStebunovs%2C+Viktors&rft.aulast=Aramonte&rft.aufirst=Sirio&rft.date=2015-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Risk+Taking+and+Low+Longer-term+Interest+Rates%3A+Evidence+from+the+U.S.+Syndicated+Loan+Market&rft.title=Risk+Taking+and+Low+Longer-term+Interest+Rates%3A+Evidence+from+the+U.S.+Syndicated+Loan+Market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015068pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-068
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - FOMC Responses to Calls for Transparency
AN  - 1767319780; 2011-910295
AB  - Applies latent semantic analysis to Federal Open Market Committee (FOMC) transcripts and minutes from 1976 to 2008 in order to analyze the FOMC's responses to calls for transparency. This study explores two events that define markedly different periods of transparency over this 32-year period: (1) The 1978 Humphrey-Hawkins Act increased the degree to which the FOMC used meeting minutes to convey the content of its meetings and (2) The 1993 decision to publish nearly verbatim transcripts also increased transparency. However, the cost was an increasing degree of conformity at each meeting. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2015, 44 pp.
AU  - Acosta, Miguel
Y1  - 2015/07//
PY  - 2015
DA  - July 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Conformity
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319780?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Acosta%2C+Miguel&rft.aulast=Acosta&rft.aufirst=Miguel&rft.date=2015-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=FOMC+Responses+to+Calls+for+Transparency&rft.title=FOMC+Responses+to+Calls+for+Transparency&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015060pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-060
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects
AN  - 1761660540; 2011-902497
AB  - This study identifies the international credit channel of monetary policy by analyzing the universe of corporate loans in Mexico, matched with firm and bank balance-sheet data, and by exploiting foreign monetary policy shocks, given the large presence of European and US banks in Mexico. It finds that a softening of foreign monetary policy increases the supply of credit of foreign banks to Mexican firms. All in all, the results suggest that foreign quantitative easing (QE) increases risk-taking in emerging markets more than it improves the real outcomes of firms. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2015, 45 pp.
AU  - Morais, Bernardo
AU  - Peydro, Jose-Luis
AU  - Ruiz, Claudia
Y1  - 2015/07//
PY  - 2015
DA  - July 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Mexicans
KW  - Mexico
KW  - Loans
KW  - Credit
KW  - Banking
KW  - Developing countries
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761660540?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Morais%2C+Bernardo%3BPeydro%2C+Jose-Luis%3BRuiz%2C+Claudia&rft.aulast=Morais&rft.aufirst=Bernardo&rft.date=2015-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+International+Bank+Lending+Channel+of+Monetary+Policy+Rates+and+QE%3A+Credit+Supply%2C+Reach-for-Yield%2C+and+Real+Effects&rft.title=The+International+Bank+Lending+Channel+of+Monetary+Policy+Rates+and+QE%3A+Credit+Supply%2C+Reach-for-Yield%2C+and+Real+Effects&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1137.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1137
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Monetary Policy 101: A Primer on the Fed's Changing Approach to Policy Implementation
AN  - 1761663153; 2011-902512
AB  - This paper provides a primer on the Fed's implementation of monetary policy. It uses the standard textbook model to illustrate why the approach used by the Federal Reserve before the financial crisis to keep the federal funds rate near the Federal Open Market Committee's (FOMC's) target will not work in current circumstances and explains the approach that the Committee intends to use instead when it decides to begin raising short-term interest rates. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 30 2015, 29 pp.
AU  - Ihrig, Jane E
AU  - Meade, Ellen E
AU  - Weinbach, Gretchen C
Y1  - 2015/06/30/
PY  - 2015
DA  - 2015 Jun 30
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Textbooks
KW  - Finance
KW  - Standards
KW  - Economic conditions
KW  - Markets
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761663153?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ihrig%2C+Jane+E%3BMeade%2C+Ellen+E%3BWeinbach%2C+Gretchen+C&rft.aulast=Ihrig&rft.aufirst=Jane&rft.date=2015-06-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Monetary+Policy+101%3A+A+Primer+on+the+Fed%27s+Changing+Approach+to+Policy+Implementation&rft.title=Monetary+Policy+101%3A+A+Primer+on+the+Fed%27s+Changing+Approach+to+Policy+Implementation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015047pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-047
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Mapping Heat in the U.S. Financial System
AN  - 1767319831; 2011-910296
AB  - Provides a framework for assessing the build-up of vulnerabilities to the US financial system. The study collected 44 indicators of financial and balance-sheet conditions, cutting across measures of valuation pressures, nonfinancial borrowing, and financial-sector health. The data is placed in economic categories, their evolution tracked, and an algorithmic approach to monitoring vulnerabilities was developed that can complement the more judgmental approach of most official-sect or organizations. This approach discovers rising imbalances in the US financial system through the mid-2000s, presaging the financial crisis. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 24 2015, 71 pp.
AU  - Aikman, David
AU  - Kiley, Michael T
AU  - Lee, Seung Jung
AU  - Palumbo, Michael G
AU  - Warusawitharana, Missaka N
Y1  - 2015/06/24/
PY  - 2015
DA  - 2015 Jun 24
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Finance
KW  - Valuation
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319831?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Aikman%2C+David%3BKiley%2C+Michael+T%3BLee%2C+Seung+Jung%3BPalumbo%2C+Michael+G%3BWarusawitharana%2C+Missaka+N&rft.aulast=Aikman&rft.aufirst=David&rft.date=2015-06-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Mapping+Heat+in+the+U.S.+Financial+System&rft.title=Mapping+Heat+in+the+U.S.+Financial+System&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015059pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-059
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Stock Market Investment: The Role of Human Capital
AN  - 1767319705; 2011-910290
AB  - Portfolio choice models counterfactually predict (or advise) almost universal equity market participation and a high share for equity in wealth early in life. Empirically consistent predictions have proved elusive without participation costs, informational frictions, or nonstandard preferences. This study demonstrates that once human capital investment is allowed, standard theory predicts portfolio choices much closer to those empirically observed. For participation, human capital returns exceed financial asset returns for most young households and, as households age, this is reversed. For shares, risks to human capital limit the household's desire to hold wealth in risky financial equity. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 14 2015, 45 pp.
AU  - Athreya, Kartik
AU  - Ionescu, Felicia F
AU  - Neelakantan, Urvi
Y1  - 2015/06/14/
PY  - 2015
DA  - 2015 Jun 14
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Human capital
KW  - Investments
KW  - Assets
KW  - Households
KW  - Wealth
KW  - Standards
KW  - Markets
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319705?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Athreya%2C+Kartik%3BIonescu%2C+Felicia+F%3BNeelakantan%2C+Urvi&rft.aulast=Athreya&rft.aufirst=Kartik&rft.date=2015-06-14&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Stock+Market+Investment%3A+The+Role+of+Human+Capital&rft.title=Stock+Market+Investment%3A+The+Role+of+Human+Capital&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015065pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-065
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory
AN  - 1735643246; 2011-901985
AB  - Using laboratory experiments within a New Keynesian framework, this study explores the interaction between the formation of inflation expectations and monetary policy design. The central question in this paper is how to design monetary policy when expectations formation is not perfectly rational. The forecasting rules chosen by subjects appear to vary systematically with the policy regime, with destabilizing mechanisms chosen more often when inflation control is weaker. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 11 2015, 39 pp.
AU  - Pfajfar, Damjan
AU  - Zakelj, Blaz
Y1  - 2015/06/11/
PY  - 2015
DA  - 2015 Jun 11
PB  - Board of Governors of the Federal Reserve System
KW  - Laboratories
KW  - Inflation
KW  - Forecasting
KW  - Regulation
KW  - Monetary policy
KW  - Decision-making
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643246?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Pfajfar%2C+Damjan%3BZakelj%2C+Blaz&rft.aulast=Pfajfar&rft.aufirst=Damjan&rft.date=2015-06-11&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Inflation+Expectations+and+Monetary+Policy+Design%3A+Evidence+from+the+Laboratory&rft.title=Inflation+Expectations+and+Monetary+Policy+Design%3A+Evidence+from+the+Laboratory&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015045pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-045
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Changes in the Distribution of After-Tax Wealth: Has Income Tax Policy Increased Wealth Inequality?
AN  - 1767319699; 2011-910297
AB  - A substantial share of the wealth of Americans is held in tax-deferred form such as in retirement accounts or as unrealized capital gains. Most data and statistics on assets and wealth is reported on a pre-tax basis, but pre-tax values include an implicit tax liability and may not be an accurate measure of the material well-being of families. This analysis suggests that, relative to published statistics on pre-tax net worth, the distribution of after-tax wealth is slightly less concentrated at each time and the effectiveness of the income tax system in reducing wealth inequality has decreased during the last decade. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 5 2015, 34 pp.
AU  - Looney, Adam
AU  - Moore, Kevin B
Y1  - 2015/06/05/
PY  - 2015
DA  - 2015 Jun 05
PB  - Board of Governors of the Federal Reserve System
KW  - Income tax
KW  - Statistics
KW  - Assets
KW  - Family
KW  - Wealth
KW  - Capital
KW  - Liability
KW  - Retirement
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1767319699?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Looney%2C+Adam%3BMoore%2C+Kevin+B&rft.aulast=Looney&rft.aufirst=Adam&rft.date=2015-06-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Changes+in+the+Distribution+of+After-Tax+Wealth%3A+Has+Income+Tax+Policy+Increased+Wealth+Inequality%3F&rft.title=Changes+in+the+Distribution+of+After-Tax+Wealth%3A+Has+Income+Tax+Policy+Increased+Wealth+Inequality%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015058pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-058
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How Effective are Macroprudential Policies? An Empirical Investigation
AN  - 1761667433; 2011-902498
AB  - In recent years, policymakers have generally relied on macroprudential policies to address financial stability concerns; however, the understanding of these policies and their efficacy is limited. This paper constructs a novel index of domestic macroprudential policies in 57 advanced and emerging economies covering the period from 2000:Q1 to 2013:Q4, with tightenings and easings recorded separately. The effectiveness of these policies in curbing bank credit growth and house price inflation is then assessed using a dynamic panel data model. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 1 2015, 49 pp.
AU  - Akinci, Ozge
AU  - Olmstead-Rumsey, Jane
Y1  - 2015/06/01/
PY  - 2015
DA  - 2015 Jun 01
PB  - Board of Governors of the Federal Reserve System
KW  - Investigation
KW  - Indexes
KW  - Prices
KW  - Credit
KW  - Inflation
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761667433?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Akinci%2C+Ozge%3BOlmstead-Rumsey%2C+Jane&rft.aulast=Stella&rft.aufirst=Andrea&rft.date=2015-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Firm+Dynamics+and+the+Origins+of+Aggregate+Fluctuations&rft.title=Firm+Dynamics+and+the+Origins+of+Aggregate+Fluctuations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1136.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1136
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Comparing Micro and Macro Sources for Household Accounts in the United States: Evidence from the Survey of Consumer Finances
AN  - 1761664634; 2011-905519
AB  - Household income, spending, and net worth are key inputs in macroeconomic forecasting and economic research. Macro-level data sources are often used to measure household accounts, but lack important information about heterogeneity across different types of households that can be found in micro-level data sources. This paper compares aggregates computed based on one micro-level data source -- the Survey of Consumer Finances (SCF) -- with macro-level sources of information on household accounts. It finds that on most measures, aggregates computed from the SCF line up well with macrolevel data sources once a comparable series was constructed. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Jun 2015, 67 pp.
AU  - Dettling, Lisa J
AU  - Devlin-Foltz, Sebastian J
AU  - Krimmel, Jacob
AU  - Pack, Sarah J
AU  - Thompson, Jeffrey P
Y1  - 2015/06//
PY  - 2015
DA  - June 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Households
KW  - Macroeconomics
KW  - Surveys
KW  - Forecasting
KW  - Consumers
KW  - Economic research
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761664634?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Dettling%2C+Lisa+J%3BDevlin-Foltz%2C+Sebastian+J%3BKrimmel%2C+Jacob%3BPack%2C+Sarah+J%3BThompson%2C+Jeffrey+P&rft.aulast=Dettling&rft.aufirst=Lisa&rft.date=2015-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Comparing+Micro+and+Macro+Sources+for+Household+Accounts+in+the+United+States%3A+Evidence+from+the+Survey+of+Consumer+Finances&rft.title=Comparing+Micro+and+Macro+Sources+for+Household+Accounts+in+the+United+States%3A+Evidence+from+the+Survey+of+Consumer+Finances&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015086pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-086
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Heterogeneity in Economic Shocks and Household Spending
AN  - 1761661066; 2011-902510
AB  - The Survey of Consumer Finances (SCF) provides a household-level perspective on changes in wealth, income, and spending across different types of families. The SCF confirms that inequality is indeed increasing in recent decades, and the data provide support for the proposition that shocks to income and wealth are indeed related to large swings in spending across and within birth cohorts. However, the economic shocks associated with the Great Recession and changes in spending and debt to income ratios are widespread, and inconsistent with a narrow focus on the experiences and changes in behavior of particular (especially low- and modest-income) households. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jun 2015, 43 pp.
AU  - Devlin-Foltz, Sebastian J
AU  - Sabelhaus, John
Y1  - 2015/06//
PY  - 2015
DA  - June 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Households
KW  - Debt
KW  - Family
KW  - Wealth
KW  - Consumers
KW  - Reproductive health
KW  - Equality
KW  - Births
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661066?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Devlin-Foltz%2C+Sebastian+J%3BSabelhaus%2C+John&rft.aulast=Devlin-Foltz&rft.aufirst=Sebastian&rft.date=2015-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Heterogeneity+in+Economic+Shocks+and+Household+Spending&rft.title=Heterogeneity+in+Economic+Shocks+and+Household+Spending&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015049pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-049
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Dividend Taxes and Stock Volatility
AN  - 1735645373; 2011-901976
AB  - This study uses a decrease in dividend taxes as a natural experiment to identify their impact on firm's price volatility. Stock volatility decreased after the tax cut for firms where an executive has large holdings of shares and options relative to firms where an executive has small holdings of shares and options. Therefore, with a risk-averse executive and risk-neutral shareholders, dividend taxes may exacerbate agency costs. The increase in agency costs will decrease shareholder welfare, which can be partially offset by the use of options in the employment contract. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 26 2015, 38 pp.
AU  - Ferris, Erin E. Syron
Y1  - 2015/05/26/
PY  - 2015
DA  - 2015 May 26
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Executives
KW  - Contracts
KW  - Prices
KW  - Dividends
KW  - Welfare economics
KW  - Stocks
KW  - Employment
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645373?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ferris%2C+Erin+E.+Syron&rft.aulast=Ferris&rft.aufirst=Erin+E.&rft.date=2015-05-26&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Dividend+Taxes+and+Stock+Volatility&rft.title=Dividend+Taxes+and+Stock+Volatility&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015036pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-036
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Monetary Policy, Hot Housing Markets, and Leverage
AN  - 1761667420; 2011-902511
AB  - Expansionary monetary policy can increase household leverage by stimulating housing liquidity. Low mortgage rates encourage buyers to enter the housing market, raising the speed at which properties can be sold. Because lenders can resell seized foreclosure inventory at lower cost in such a hot housing market, ex-ante they are comfortable financing a larger fraction of the house purchase. Consistent with this mechanism, this study documents empirically that both the housing sales rate and loan-to-value ratios increase after expansionary monetary policy. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 22 2015, 50 pp.
AU  - Ungerer, Christoph
Y1  - 2015/05/22/
PY  - 2015
DA  - 2015 May 22
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Housing
KW  - Households
KW  - Foreclosures
KW  - Property
KW  - Inventory
KW  - Markets
KW  - Monetary policy
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761667420?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ungerer%2C+Christoph&rft.aulast=Ungerer&rft.aufirst=Christoph&rft.date=2015-05-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Monetary+Policy%2C+Hot+Housing+Markets%2C+and+Leverage&rft.title=Monetary+Policy%2C+Hot+Housing+Markets%2C+and+Leverage&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015048pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-048; Working pa.
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Passthrough of Labor Costs to Price Inflation
AN  - 1735644427; 2011-901982
AB  - Uses a time-varying parameter/stochastic volatility VAR framework to assess how the pass-through of labor costs to price inflation has evolved over time in US data. There was little evidence that changes in labor costs have had a material effect on price inflation in recent years, even for compensation measures where some degree of pass-through to prices still appears to be present. The results cast doubt on explanations of recent inflation behavior that appeal to such mechanisms as downward nominal wage rigidity or a differential contribution of long-term and short-term unemployed workers to wage and price pressures. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 21 2015, 31 pp.
AU  - Peneva, Ekaterina V
AU  - Rudd, Jeremy B
Y1  - 2015/05/21/
PY  - 2015
DA  - 2015 May 21
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Cost
KW  - Unemployment
KW  - Prices
KW  - Inflation
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644427?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Peneva%2C+Ekaterina+V%3BRudd%2C+Jeremy+B&rft.aulast=Peneva&rft.aufirst=Ekaterina&rft.date=2015-05-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Passthrough+of+Labor+Costs+to+Price+Inflation&rft.title=The+Passthrough+of+Labor+Costs+to+Price+Inflation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015042pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-042
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Balance-sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration
AN  - 1735643198; 2011-901977
AB  - Balance-sheet repair drove the response of a significant fraction of households to fiscal stimulus following the Great Recession. By combining survey, behavioral, and time-series evidence on the 2011 payroll tax cut and its expiration in 2013, this paper identifies and analyzes households who smooth debt repayment. These 'balance-sheet households' are as prevalent as 'permanent-income households,' who smooth consumption in response to the temporary tax cut, and outnumber 'constrained households,' who temporarily boost spending. The asymmetric spending response of balance-sheet households poses challenges to standard models, but nonetheless appears important for understanding individual and aggregate responses to fiscal stimulus. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 20 2015, 32 pp.
AU  - Sahm, Claudia R
AU  - Shapiro, Matthew D
AU  - Slemrod, Joel
Y1  - 2015/05/20/
PY  - 2015
DA  - 2015 May 20
PB  - Board of Governors of the Federal Reserve System
KW  - Households
KW  - Debt
KW  - Consumption
KW  - Surveys
KW  - Standards
KW  - Economic conditions
KW  - Fiscal policy
KW  - Payroll tax
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643198?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sahm%2C+Claudia+R%3BShapiro%2C+Matthew+D%3BSlemrod%2C+Joel&rft.aulast=Sahm&rft.aufirst=Claudia&rft.date=2015-05-20&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Balance-sheet+Households+and+Fiscal+Stimulus%3A+Lessons+from+the+Payroll+Tax+Cut+and+Its+Expiration&rft.title=Balance-sheet+Households+and+Fiscal+Stimulus%3A+Lessons+from+the+Payroll+Tax+Cut+and+Its+Expiration&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015037pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-037
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Secondary Market Liquidity and the Optimal Capital Structure
AN  - 1761660656; 2011-902514
AB  - Presents a model where endogenous liquidity generates a feedback loop between secondary market liquidity and firms' financing decisions in primary markets. Liquidity determines the liquidity premium, which affects issuance in the primary market, and this effect feeds back into secondary market liquidity by changing the composition of investors' portfolios. The privately optimal allocations are inefficient because investors and firms fail to internalize how their behavior affects secondary market liquidity. The analysis provides a rationale for the effect of quantitative easing on secondary and primary capital markets and the real economy. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 12 2015, 67 pp.
AU  - Arseneau, David M
AU  - Rappoport, David E
AU  - Vardoulakis, Alexandros
Y1  - 2015/05/12/
PY  - 2015
DA  - 2015 May 12
PB  - Board of Governors of the Federal Reserve System
KW  - Investors
KW  - Capital
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761660656?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Arseneau%2C+David+M%3BRappoport%2C+David+E%3BVardoulakis%2C+Alexandros&rft.aulast=Arseneau&rft.aufirst=David&rft.date=2015-05-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Derivatives+Pricing+under+Bilateral+Counterparty+Risk&rft.title=Derivatives+Pricing+under+Bilateral+Counterparty+Risk&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015031pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-031
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - On Default and Uniqueness of Monetary Equilibria
AN  - 1735645089; 2011-901974
AB  - Examines the role that credit risk in the central bank's monetary operations plays in the determination of the equilibrium price level and allocations. When there is no default in equilibrium, there is indeterminacy. Positive default in every state of the world on some long-term loan endogenously creates positive liquid wealth that supports positive interest rates and resolves the aforementioned indeterminacy. Hence, a non-Ricardian policy across loan markets can determine the equilibrium allocations while it allows the central bank to earn profits from seigniorage in order to compensate for any losses. Tables, References.
JF  - Board of Governors of the Federal Reserve System, May 8 2015, 30 pp.
AU  - Lin, Li
AU  - Tsomocos, Dimitrios P
AU  - Vardoulakis, Alexandros P
Y1  - 2015/05/08/
PY  - 2015
DA  - 2015 May 08
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Central banks
KW  - Risk
KW  - Loans
KW  - Prices
KW  - Credit
KW  - Profits
KW  - Wealth
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645089?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lin%2C+Li%3BTsomocos%2C+Dimitrios+P%3BVardoulakis%2C+Alexandros+P&rft.aulast=Lin&rft.aufirst=Li&rft.date=2015-05-08&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=On+Default+and+Uniqueness+of+Monetary+Equilibria&rft.title=On+Default+and+Uniqueness+of+Monetary+Equilibria&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015034pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-034
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Survey Expectations Theory-consistent? The Role of Central Bank Communication and News
AN  - 1735643201; 2011-901975
AB  - Analyzes whether central bank communication can facilitate the understanding of key economic concepts. Using survey data for consumers and professionals, researchers calculated how many communications have expectations consistent with the Fisher Equation, the Taylor rule, and the Phillips curve and test, by accounting for three different communication channels and whether central banks can influence those. Results show that having theory-consistent expectations is beneficial, as it improves the forecast accuracy. Exploring this time variation, provides evidence that central bank communication as well as news on monetary policy can improve the efficacy of monetary policy. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, May 4 2015, 46 pp.
AU  - Drager, Lena
AU  - Lamla, Michael J
AU  - Pfajfar, Damjan
Y1  - 2015/05/04/
PY  - 2015
DA  - 2015 May 04
PB  - Board of Governors of the Federal Reserve System
KW  - Central banks
KW  - Communication
KW  - Surveys
KW  - Consumers
KW  - Regulation
KW  - News
KW  - Accounting
KW  - Monetary policy
KW  - Decision-making
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643201?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Drager%2C+Lena%3BLamla%2C+Michael+J%3BPfajfar%2C+Damjan&rft.aulast=Drager&rft.aufirst=Lena&rft.date=2015-05-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+Survey+Expectations+Theory-consistent%3F+The+Role+of+Central+Bank+Communication+and+News&rft.title=Are+Survey+Expectations+Theory-consistent%3F+The+Role+of+Central+Bank+Communication+and+News&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015035pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-035
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Risk, Financial Development, and Firm Dynamics
AN  - 1761661394; 2011-902500
AB  - Documents that the average productivity of firms tends to increase, and its variance to decrease, as they age. These two facts combined suggest that managers learn to reduce their mistakes as they operate while young firms have substantially higher financing costs due to lower and riskier returns. A reduction in the financial development of an economy raises disproportionately the cost of credit of young-productive firms increasing the input misallocation within this subgroup. The data confirms some novel predictions on a series of firm-level moments, and introducing these two facts allows the model to better explain the relation between financial and economic development. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 2015, 52 pp.
AU  - Morais, Bernardo
Y1  - 2015/05//
PY  - 2015
DA  - May 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Risk
KW  - Credit
KW  - Economic development
KW  - Productivity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661394?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Morais%2C+Bernardo&rft.aulast=Morais&rft.aufirst=Bernardo&rft.date=2015-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Risk%2C+Financial+Development%2C+and+Firm+Dynamics&rft.title=Risk%2C+Financial+Development%2C+and+Firm+Dynamics&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1134.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1134
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Ambiguity in Securitization Markets
AN  - 1735645476; 2011-901973
AB  - During the financial crisis of 2008, origination and trading in asset-backed securities markets dropped dramatically. This study presents a model with ambiguity averse investors to explain how such a market freeze could occur and to investigate how ambiguity affects origination and securitization decisions. The model captures many features of the crisis, including market freezes and fire sales, as well as the timing and duration of the freeze. The presence of ambiguity also reduces real economic activity. Lastly, the study considers the differing implications of ambiguity and risk, as well as the role of policies that reduce ambiguity during market freezes. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 2015, 50 pp.
AU  - Anderson, Alyssa G
Y1  - 2015/05//
PY  - 2015
DA  - May 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Securities
KW  - Fires
KW  - Risk
KW  - Sales
KW  - Investors
KW  - Finance
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645476?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Anderson%2C+Alyssa+G&rft.aulast=Anderson&rft.aufirst=Alyssa&rft.date=2015-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Ambiguity+in+Securitization+Markets&rft.title=Ambiguity+in+Securitization+Markets&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015033pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-033
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: First Quarter, 2015
AN  - 1685000529
AB  - This article presents several orders issued under Bank Holding Company Act, Federal Reserve Act and International Banking Act in the First Quarter of 2015. This include: IBERIABANK Corp, CBFH Inc, KSRS LLC, Simmons First National Corp, Sumitomo Mitsui Financial Group Inc,Banco Popular de Puerto Rico, Banco Popular North America and First Farmers Bank & Trust.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2015/05//
PY  - 2015
DA  - May 2015
SP  - 1
EP  - 93
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 101
IS  - 2
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank Holding Company Act 1956-US
KW  - Federal Reserve Act 1913-US
KW  - International banking
KW  - Banking industry
KW  - Financial services
KW  - Manycompanies
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 4320:Legislation
KW  - 9190:United States
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1685000529?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+First+Quarter%2C+2015&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2015-05-01&rft.volume=101&rft.issue=2&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Sumitomo Mitsui Financial Group; Simmons First National Corp; Banco Popular de Puerto Rico; Banco Popular North America-Melrose Park IL; First Farmers Bank & Trust Co-Converse IN
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System May 2015
N1  - Document feature - References
N1  - Last updated - 2015-06-02
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Credit-Market Sentiment and the Business Cycle
AN  - 1735643221; 2011-901969
AB  - Using US data from 1929 to 2013, this study shows that elevated credit-market sentiment in year t-2 is associated with a decline in economic activity in years t through t+2. Underlying this result is the existence of predictable mean reversion in credit-market conditions. Unlike much of the current literature on the role of financial frictions in macroeconomics, this paper suggests that time-variation in expected returns to credit market investors can be an important driver of economic fluctuations. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 25 2015, 38 pp.
AU  - Lopez-Salido, David
AU  - Stein, Jeremy C
AU  - Zakrajsek, Egon
Y1  - 2015/04/25/
PY  - 2015
DA  - 2015 Apr 25
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Investors
KW  - Credit
KW  - Macroeconomics
KW  - Business cycles
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643221?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lopez-Salido%2C+David%3BStein%2C+Jeremy+C%3BZakrajsek%2C+Egon&rft.aulast=Lopez-Salido&rft.aufirst=David&rft.date=2015-04-25&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Credit-Market+Sentiment+and+the+Business+Cycle&rft.title=Credit-Market+Sentiment+and+the+Business+Cycle&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015028pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-028
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Is the Intrinsic Value of Macroeconomic News Announcements Related to their Asset Price Impact?
AN  - 1761660445; 2011-902513
AB  - The literature documents a heterogeneous asset price response to macroeconomic news announcements: Some announcements have a strong impact on asset prices and others do not. In order to explain these differences, this study estimates a novel measure of the intrinsic value of a macroeconomic announcement. Using the nowcasting framework, the study then decomposes this intrinsic value into the announcement's characteristics: its relation to fundamentals, timing, and revision noise. In the 1998-2013 period, a significant fraction of the variation in the announcements' price impact on the Treasury bond futures market can be explained by differences in intrinsic value. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Apr 23 2015, 49 pp.
AU  - Gilbert, Thomas
AU  - Scotti, Chiara
AU  - Strasser, Georg
AU  - Vega, Clara
Y1  - 2015/04/23/
PY  - 2015
DA  - 2015 Apr 23
PB  - Board of Governors of the Federal Reserve System
KW  - Bonds
KW  - Assets
KW  - Treasury
KW  - Prices
KW  - Noise
KW  - Macroeconomics
KW  - Futures
KW  - News
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761660445?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gilbert%2C+Thomas%3BScotti%2C+Chiara%3BStrasser%2C+Georg%3BVega%2C+Clara&rft.aulast=Gilbert&rft.aufirst=Thomas&rft.date=2015-04-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Is+the+Intrinsic+Value+of+Macroeconomic+News+Announcements+Related+to+their+Asset+Price+Impact%3F&rft.title=Is+the+Intrinsic+Value+of+Macroeconomic+News+Announcements+Related+to+their+Asset+Price+Impact%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015046pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-046
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Cheap Talk and the Efficacy of the ECB's Securities Market Programme: Did Bond Purchases Matter?
AN  - 1761662894; 2011-902495
AB  - In 2010, in response to an ever-worsening fiscal crisis, the European Central Bank (ECB) began purchasing sovereign debt from troubled euro-area countries through its Securities Market Programme (SMP). This program was designed to improve market functioning and restore the monetary transmission mechanism within the euro area. This paper tests whether SMP purchases systematically lowered peripheral yields and spreads. It concludes that the ECB's SMP influenced yields through a confidence channel rather than through any direct purchase effect. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Apr 13 2015, 98 pp.
AU  - De Pooter, Michiel
AU  - DeSimone, Rebecca
AU  - Martin, Robert F
AU  - Pruitt, Seth
Y1  - 2015/04/13/
PY  - 2015
DA  - 2015 Apr 13
PB  - Board of Governors of the Federal Reserve System
KW  - Securities
KW  - European Union
KW  - Bonds
KW  - Purchasing
KW  - Debt
KW  - Markets
KW  - European central bank
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761662894?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=De+Pooter%2C+Michiel%3BDeSimone%2C+Rebecca%3BMartin%2C+Robert+F%3BPruitt%2C+Seth&rft.aulast=De+Pooter&rft.aufirst=Michiel&rft.date=2015-04-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Cheap+Talk+and+the+Efficacy+of+the+ECB%27s+Securities+Market+Programme%3A+Did+Bond+Purchases+Matter%3F&rft.title=Cheap+Talk+and+the+Efficacy+of+the+ECB%27s+Securities+Market+Programme%3A+Did+Bond+Purchases+Matter%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1139.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effect of Shocks to College Revenues on For-Profit Enrollment: Spillover from the Public Sector
AN  - 1735643158; 2011-901968
AB  - This paper investigates whether declines in public funding for post-secondary institutions have increased for-profit enrollment. The two primary channels through which funding might operate to reallocate students across sectors are price (measured by tuition) and quality (measured by resource constraints). This study estimates, on average, that a 10% cut in appropriations raises tuition about 1% to 2% and decreases faculty resources by 1/2% to 1%, creating substantial bottlenecks for prospective students on both price and quality. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Apr 13 2015, 31 pp.
AU  - Goodman, Sarena F
AU  - Henriques, Alice M
Y1  - 2015/04/13/
PY  - 2015
DA  - 2015 Apr 13
PB  - Board of Governors of the Federal Reserve System
KW  - Appropriations and expenditures
KW  - Public sector
KW  - Prices
KW  - Students
KW  - Tuition
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643158?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Goodman%2C+Sarena+F%3BHenriques%2C+Alice+M&rft.aulast=Goodman&rft.aufirst=Sarena&rft.date=2015-04-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effect+of+Shocks+to+College+Revenues+on+For-Profit+Enrollment%3A+Spillover+from+the+Public+Sector&rft.title=The+Effect+of+Shocks+to+College+Revenues+on+For-Profit+Enrollment%3A+Spillover+from+the+Public+Sector&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015025pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-025
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Derivatives Pricing under Bilateral Counterparty Risk
AN  - 1761662980; 2011-902516
AB  - Considers risk-neutral valuation of a contingent claim under bilateral counterparty risk in a reduced-form setting similar to that of Duffie and Huang [1996] and Duffie and Singleton [1999]. This report develops path-independent probabilistic valuation formulas that have closed-form solution or can lead to computationally efficient pricing schemes and mathematically compares the derivatives values in the presence and absence of wrong way risk (WWR). Derivatives values under unilateral WWR need not be less than the derivatives values in the absence of WWR. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Apr 12 2015, 28 pp.
AU  - Carry, Peter
AU  - Ghamami, Samim
Y1  - 2015/04/12/
PY  - 2015
DA  - 2015 Apr 12
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - Risk
KW  - Valuation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761662980?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carry%2C+Peter%3BGhamami%2C+Samim&rft.aulast=Carry&rft.aufirst=Peter&rft.date=2015-04-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Derivatives+Pricing+under+Bilateral+Counterparty+Risk&rft.title=Derivatives+Pricing+under+Bilateral+Counterparty+Risk&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015026pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-026; Working pa.
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Liquidity Effects of Official Bond Market Intervention
AN  - 1761667103; 2011-902496
AB  - To ensure depth and liquidity, the European Central Bank in 2010 and 2011 repeatedly intervened in sovereign debt markets through its Securities Markets Programme. These purchases provide a unique natural experiment for testing the effects of large-scale asset purchases on risk premia arising from liquidity concerns. The study finds statistically and economically significant stock and flow effects on sovereign bonds' liquidity premia in response to official purchases. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Apr 2015, 56 pp.
AU  - De Pooter, Michiel
AU  - Martin, Robert F
AU  - Pruitt, Seth
Y1  - 2015/04//
PY  - 2015
DA  - April 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Securities
KW  - Risk
KW  - Assets
KW  - Bonds
KW  - Debt
KW  - Stocks
KW  - Testing
KW  - Markets
KW  - European central bank
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761667103?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=De+Pooter%2C+Michiel%3BMartin%2C+Robert+F%3BPruitt%2C+Seth&rft.aulast=De+Pooter&rft.aufirst=Michiel&rft.date=2015-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Liquidity+Effects+of+Official+Bond+Market+Intervention&rft.title=The+Liquidity+Effects+of+Official+Bond+Market+Intervention&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1138.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Firm Dynamics and the Origins of Aggregate Fluctuations
AN  - 1761665767; 2011-902501
AB  - Examines the drivers aggregate fluctuations and tests the granular hypothesis, according to which the largest firms in the economy drive aggregate dynamics, by estimating a dynamic factor model with firm-level data and controlling for the propagation of firm-level shocks using a multi-firm growth model. Each time series, the growth rate of sales of a specific firm, is decomposed in an unobserved common macroeconomic component and in a residual interpreted as an idiosyncratic firm-level component. The empirical results suggest that, when controlled for aggregate shocks, idiosyncratic shocks do not explain much of US GDP growth fluctuations. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2015, 48 pp.
AU  - Stella, Andrea
Y1  - 2015/04//
PY  - 2015
DA  - April 2015
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - United States
KW  - Sales
KW  - Macroeconomics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761665767?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Stella%2C+Andrea&rft.aulast=Stella&rft.aufirst=Andrea&rft.date=2015-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Firm+Dynamics+and+the+Origins+of+Aggregate+Fluctuations&rft.title=Firm+Dynamics+and+the+Origins+of+Aggregate+Fluctuations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1133.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1133
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?
AN  - 1761660749; 2011-902499
AB  - Assesses the importance of economic fundamentals in the transmission of international shocks to financial markets in various emerging market economies (EMEs). This analysis covers the so-called taper-tantrum episode of 2013 and six earlier episodes of severe EME-wide financial stress since the mid-1990s. The study found that differences in economic fundamentals played a role in explaining the heterogeneous EME financial market responses during the global financial crisis of 2008, and the role of fundamentals appeared to progressively increase through the European crisis in 2011 and subsequently the 2013 taper tantrum. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2015, 33 pp.
AU  - Shaghil, Ahmed
AU  - Coulibaly, Brahima
AU  - Zlate, Andrei
Y1  - 2015/04//
PY  - 2015
DA  - April 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Finance
KW  - International finance
KW  - Economic conditions
KW  - Markets
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761660749?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Shaghil%2C+Ahmed%3BCoulibaly%2C+Brahima%3BZlate%2C+Andrei&rft.aulast=Shaghil&rft.aufirst=Ahmed&rft.date=2015-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=International+Financial+Spillovers+to+Emerging+Market+Economies%3A+How+Important+Are+Economic+Fundamentals%3F&rft.title=International+Financial+Spillovers+to+Emerging+Market+Economies%3A+How+Important+Are+Economic+Fundamentals%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1135.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1135
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Measuring Income and Wealth at the Top Using Administrative and Survey Data
AN  - 1735645215; 2011-901971
AB  - Administrative tax data indicate that US top income and wealth shares are substantial and increasing rapidly. A key reason for using administrative data to measure top shares is to overcome the under-representation of families at the very top that plagues most household surveys. However, using tax records alone restricts the unit of analysis for measuring economic resources, limits the concepts of income and wealth being measured, and imposes a rigid correlation between income and wealth. The Survey of Consumer Finances (SCF) solves the under-representation problem by combining administrative and survey data. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2015, 63 pp.
AU  - Bricker, Jesse
AU  - Henriques, Alice M
AU  - Krimmel, Jake A
AU  - Sabelhaus, John E
Y1  - 2015/04//
PY  - 2015
DA  - April 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Households
KW  - Family
KW  - Surveys
KW  - Wealth
KW  - Consumers
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645215?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bricker%2C+Jesse%3BHenriques%2C+Alice+M%3BKrimmel%2C+Jake+A%3BSabelhaus%2C+John+E&rft.aulast=Bricker&rft.aufirst=Jesse&rft.date=2015-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Measuring+Income+and+Wealth+at+the+Top+Using+Administrative+and+Survey+Data&rft.title=Measuring+Income+and+Wealth+at+the+Top+Using+Administrative+and+Survey+Data&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015030pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-030
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Inflation Expectations and Recovery from the Depression in 1933: Evidence from the Narrative Record
AN  - 1735645103; 2011-901970
AB  - This paper uses the historical narrative record to determine whether inflation expectations shifted during the second quarter of 1933, precisely as the recovery from the Great Depression took hold. First, by examining the historical news record and the forecasts of contemporary business analysts, it shows that inflation expectations increased dramatically. Second, using an event-studies approach, the study identifies the impact on financial markets of the key events that shifted inflation expectations. Third, it gathers new evidence -- both quantitative and narrative -- that indicates that the shift in inflation expectations played a causal role in stimulating the recovery. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2015, 83 pp.
AU  - Jalil, Andrew
AU  - Rua, Gisela
Y1  - 2015/04//
PY  - 2015
DA  - April 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Business
KW  - Inflation
KW  - News
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645103?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Drager%2C+Lena%3BLamla%2C+Michael+J%3BPfajfar%2C+Damjan&rft.aulast=Drager&rft.aufirst=Lena&rft.date=2015-05-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+Survey+Expectations+Theory-consistent%3F+The+Role+of+Central+Bank+Communication+and+News&rft.title=Are+Survey+Expectations+Theory-consistent%3F+The+Role+of+Central+Bank+Communication+and+News&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015029pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-029
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Using the 'Chandrasekhar Recursions' for likelihood evaluation of DSGE models
AN  - 1676089155; 4665514
AB  - In likelihood-based estimation of linearized Dynamic Stochastic General Equilibrium (DSGE) models, the evaluation of the Kalman Filter dominates the running time of the entire algorithm. In this paper, we revisit a set of simple recursions known as the 'Chandrasekhar Recursions' developed by Morf (Fast Algorithms for Multivariate Systems, Ph.D. thesis, Stanford University, 1974) and Morf et al. (IEEE Trans Autom Control 19:315-323, 1974) for evaluating the likelihood of a Linear Gaussian State Space System. We show that DSGE models are ideally suited for the use of these recursions, which work best when the number of states is much greater than the number of observables. In several examples, we show that there are substantial benefits to using the recursions, with likelihood evaluation up to five times faster. This gain is especially pronounced in light of the trivial implementation costs, no model modification is required. Moreover, the algorithm is complementary with other approaches. Reprinted by permission of Springer
JF  - Computational economics
AU  - Herbst, Edward
AD  - Board of Governors of the Federal Reserve System
Y1  - 2015/04//
PY  - 2015
DA  - Apr 2015
SP  - 693
EP  - 705
VL  - 45
IS  - 4
SN  - 0927-7099, 0927-7099
KW  - Economics
KW  - Stochastic processes
KW  - Multivariate analysis
KW  - Economic models
KW  - Algorithms
KW  - Estimation
KW  - 18th century
KW  - General economic equilibrium
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1676089155?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Computational+economics&rft.atitle=Using+the+%27Chandrasekhar+Recursions%27+for+likelihood+evaluation+of+DSGE+models&rft.au=Herbst%2C+Edward&rft.aulast=Herbst&rft.aufirst=Edward&rft.date=2015-04-01&rft.volume=45&rft.issue=4&rft.spage=693&rft.isbn=&rft.btitle=&rft.title=Computational+economics&rft.issn=09277099&rft_id=info:doi/10.1007%2Fs10614-014-9430-2
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-04-27
N1  - Last updated - 2015-04-28
N1  - SubjectsTermNotLitGenreText - 474 8168 5889; 918 7824; 5436 4375; 4403 7854; 12265 3865 4025 10214 12224 971 12228 10919; 8379 12224 971; 3969 8163
DO  - http://dx.doi.org/10.1007/s10614-014-9430-2
ER  - 



TY  - BOOK
T1  - An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-scale Asset Purchases
AN  - 1761662858; 2011-902515
AB  - Documents that mortgage-backed securities (MBS) held by the Federal Reserve exhibit faster principal prepayment rates than MBS held by the rest of the market. This stylized fact persists even when controlling for factors that affect prepayment behavior, and thus determine the MBS that are delivered to the Federal Reserve. After ruling out several potential explanations for this result, this study provides evidence that points to an agency problem in the secondary market for MBS, which has not previously been documented, as the most likely explanation for the abnormal prepayment behavior of Federal Reserve-held MBS. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 31 2015, 31 pp.
AU  - Kandrac, John
AU  - Schlusche, Bernd
Y1  - 2015/03/31/
PY  - 2015
DA  - 2015 Mar 31
PB  - Board of Governors of the Federal Reserve System
KW  - Assets
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761662858?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kandrac%2C+John%3BSchlusche%2C+Bernd&rft.aulast=Kandrac&rft.aufirst=John&rft.date=2015-03-31&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=An+Agency+Problem+in+the+MBS+Market+and+the+Solicited+Refinancing+Channel+of+Large-scale+Asset+Purchases&rft.title=An+Agency+Problem+in+the+MBS+Market+and+the+Solicited+Refinancing+Channel+of+Large-scale+Asset+Purchases&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015027pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-027
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Liquidity Windfalls: The Consequences of Repo Rehypothecation
AN  - 1735645187; 2011-901965
AB  - This paper rationalizes the difference in haircuts observed in bilateral and tri-party repo markets, reconciles the partial evidence of the run on repo during the recent financial crisis, and presents new empirical evidence to support the model's main prediction on haircut sensitivities. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Mar 30 2015, 41 pp.
AU  - Infante, Sebastian
Y1  - 2015/03/30/
PY  - 2015
DA  - 2015 Mar 30
PB  - Board of Governors of the Federal Reserve System
KW  - Finance
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645187?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Infante%2C+Sebastian&rft.aulast=Infante&rft.aufirst=Sebastian&rft.date=2015-03-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Liquidity+Windfalls%3A+The+Consequences+of+Repo+Rehypothecation&rft.title=Liquidity+Windfalls%3A+The+Consequences+of+Repo+Rehypothecation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015022pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-022
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Wage Dispersion with Heterogeneous Wage Contracts
AN  - 1735645327; 2011-901966
AB  - Studies a labor market in which identical workers search on- and off-the-job and heterogeneous firms employ using either posted wages or wage contracts contingent on outside options. Firm level costs for contingent contracts generate a separating equilibrium in which less productive firms post wages. The model with heterogeneous contracts can achieve wage dispersion, labor share, employment transitions, and flow value of unemployment that are simultaneously consistent with empirical observations even when most firms post wages. Using German employee-level administrative data, the study estimate roughly 70% of firms post wages and employ nearly 50% of workers under such contracts. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 26 2015, 53 pp.
AU  - Doniger, Cynthia L
Y1  - 2015/03/26/
PY  - 2015
DA  - 2015 Mar 26
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - Cost
KW  - Germans
KW  - Contracts
KW  - Unemployment
KW  - Employment
KW  - Markets
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645327?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Doniger%2C+Cynthia+L&rft.aulast=Doniger&rft.aufirst=Cynthia&rft.date=2015-03-26&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Wage+Dispersion+with+Heterogeneous+Wage+Contracts&rft.title=Wage+Dispersion+with+Heterogeneous+Wage+Contracts&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015023pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-023
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Systematic Component of Monetary Policy in SVARs: An Agnostic Identification Procedure
AN  - 1761669085; 2011-902503
AB  - Following Leeper, Sims, and Zha (1996), this study identifies monetary policy shocks in structural vector autoregressions (SVARs) by restricting the systematic component of monetary policy. In particular, the study imposes sign and zero restrictions only on the monetary policy equation. Since it does not restrict the response of output to a monetary policy shock, it is agnostic in Uhlig's (2005) sense. But, in contrast to Uhlig (2005), the results support the conventional view that a monetary policy shock leads to a decline in output: Contractionary effects of monetary policy shocks do not hinge on questionable exclusion restrictions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 12 2015, 37 pp.
AU  - Arias, Jonas E
AU  - Caldara, Dario
AU  - Rubio-Ramirez, Juan F
Y1  - 2015/03/12/
PY  - 2015
DA  - 2015 Mar 12
PB  - Board of Governors of the Federal Reserve System
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761669085?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Arias%2C+Jonas+E%3BCaldara%2C+Dario%3BRubio-Ramirez%2C+Juan+F&rft.aulast=Arias&rft.aufirst=Jonas&rft.date=2015-03-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Systematic+Component+of+Monetary+Policy+in+SVARs%3A+An+Agnostic+Identification+Procedure&rft.title=The+Systematic+Component+of+Monetary+Policy+in+SVARs%3A+An+Agnostic+Identification+Procedure&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1131.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1131
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are the Borrowing Costs of Large Financial Firms Unusual?
AN  - 1735645379; 2011-901967
AB  - Estimates of investor expectations of government support of large financial firms are often based on large financial firms' lower borrowing costs relative to smaller financial firms. This study finds that the credit default swaps (CDS) and bond spreads of financial firms are no more sensitive to borrower size than the spreads of non-financial firms. However, the analysis also suggests that, prior to the financial crisis, investor expectations of government support, or generally reduced risk perceptions, may have reduced borrowing costs for the financial industry as a whole. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 12 2015, 64 pp.
AU  - Ahmed, Javed I
AU  - Anderson, Christopher
AU  - Zarutskie, Rebecca E
Y1  - 2015/03/12/
PY  - 2015
DA  - 2015 Mar 12
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Risk
KW  - Investors
KW  - Finance
KW  - Bonds
KW  - Credit
KW  - Economic conditions
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735645379?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ahmed%2C+Javed+I%3BAnderson%2C+Christopher%3BZarutskie%2C+Rebecca+E&rft.aulast=Ahmed&rft.aufirst=Javed&rft.date=2015-03-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+the+Borrowing+Costs+of+Large+Financial+Firms+Unusual%3F&rft.title=Are+the+Borrowing+Costs+of+Large+Financial+Firms+Unusual%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015024pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-024
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Consumers' Attitudes and Their Inflation Expectations
AN  - 1735644721; 2011-901959
AB  - Studies consumers' inflation expectations using micro-level data from the Surveys of Consumers conducted by University of Michigan. The study shows that beyond the well-established socioeconomic factors such as income, age, or gender, the household's financial situation and their purchasing attitudes are important determinants of their forecast accuracy. Respondents with current or expected financial difficulties, pessimistic attitudes about major purchases, or expectations that income will go down in the future have a stronger upward bias in their expectations than other households. However, their bias shrinks by more than that of the average household in response to increasing media reporting about inflation. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 10 2015, 30 pp.
AU  - Ehrmann, Michael
AU  - Pfajfar, Damjan
AU  - Santoro, Emiliano
Y1  - 2015/03/10/
PY  - 2015
DA  - 2015 Mar 10
PB  - Board of Governors of the Federal Reserve System
KW  - University of Michigan
KW  - Socioeconomic status
KW  - Purchasing
KW  - Households
KW  - Surveys
KW  - Inflation
KW  - Consumers
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644721?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ehrmann%2C+Michael%3BPfajfar%2C+Damjan%3BSantoro%2C+Emiliano&rft.aulast=Ehrmann&rft.aufirst=Michael&rft.date=2015-03-10&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Consumers%27+Attitudes+and+Their+Inflation+Expectations&rft.title=Consumers%27+Attitudes+and+Their+Inflation+Expectations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015015pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-015
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Have Distressed Neighborhoods Recovered? Evidence from the Neighborhood Stabilization Program
AN  - 1735644776; 2011-901960
AB  - During the 2007-2009 housing crisis, concentrations of foreclosed and vacant properties created severe blight in many cities and neighborhoods. The federal Neighborhood Stabilization Program (NSP) was established to help mitigate distress in hard-hit areas by funding the rehabilitation or demolition of troubled properties. This paper analyzes housing market changes in areas that received investments during the second round of NSP funding, focusing on seven large urban counties. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 4 2015, 48 pp.
AU  - Schuetz, Jenny
AU  - Spader, Jonathan
AU  - Cortes, Alvaro
Y1  - 2015/03/04/
PY  - 2015
DA  - 2015 Mar 04
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - Investments
KW  - Rehabilitation
KW  - Housing
KW  - Neighborhoods
KW  - Property
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644776?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Schuetz%2C+Jenny%3BSpader%2C+Jonathan%3BCortes%2C+Alvaro&rft.aulast=Schuetz&rft.aufirst=Jenny&rft.date=2015-03-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Have+Distressed+Neighborhoods+Recovered%3F+Evidence+from+the+Neighborhood+Stabilization+Program&rft.title=Have+Distressed+Neighborhoods+Recovered%3F+Evidence+from+the+Neighborhood+Stabilization+Program&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015016pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-016
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Inflation Dynamics during the Financial Crisis
AN  - 1735644664; 2011-901957
AB  - Firms with limited internal liquidity significantly increased prices in 2008, while their liquidity unconstrained counterparts slashed prices. Differences in the firms' price-setting behavior were concentrated in sectors characterized by customer markets. This study develops a model, in which firms face financial frictions, while setting prices in a customer-markets setting. Financial distortions create an incentive for firms to raise prices in response to adverse demand or financial shocks. These results reflect the firms' reaction to preserve internal liquidity and avoid accessing external finance, factors that strengthen the countercyclical behavior of markups and attenuate the response of inflation to fluctuations in output. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 3 2015, 51 pp.
AU  - Gilchrist, Simon
AU  - Schoenle, Raphael
AU  - Sim, Jae W
AU  - Zakrajsek, Egon
Y1  - 2015/03/03/
PY  - 2015
DA  - 2015 Mar 03
PB  - Board of Governors of the Federal Reserve System
KW  - Finance
KW  - Prices
KW  - Inflation
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644664?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gilchrist%2C+Simon%3BSchoenle%2C+Raphael%3BSim%2C+Jae+W%3BZakrajsek%2C+Egon&rft.aulast=Gilchrist&rft.aufirst=Simon&rft.date=2015-03-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Inflation+Dynamics+during+the+Financial+Crisis&rft.title=Inflation+Dynamics+during+the+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015012pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-012
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Large Capital Inflows, Sectoral Allocation, and Economic Performance
AN  - 1761666836; 2011-902502
AB  - Describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countries over the last 35 years. It identifies 155 episodes of large capital inflows and finds that these events are typically accompanied by an economic boom and followed by a slump. Moreover, during episodes of large capital inflows, capital and labor shift out of the manufacturing sector, especially if the inflows begin during a period of low international interest rates. However, accumulating reserves during the period in which capital inflows are unusually large appears to limit the extent of labor reallocation. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2015, 45 pp.
AU  - Gianluca, Benigno
AU  - Converse, Nathan
AU  - Fornaro, Luca
Y1  - 2015/03//
PY  - 2015
DA  - March 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Manufacturing
KW  - Capital
KW  - Performance
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761666836?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ferris%2C+Erin+E.+Syron&rft.aulast=Ferris&rft.aufirst=Erin+E.&rft.date=2015-05-26&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Dividend+Taxes+and+Stock+Volatility&rft.title=Dividend+Taxes+and+Stock+Volatility&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1132.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1132
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Crowding Out Effects of Refinancing on New Purchase Mortgages
AN  - 1735644972; 2011-901961
AB  - Presents evidence that binding mortgage processing capacity constraints reduce mortgage originations to borrowers with low to modest credit scores. Mortgage processing capacity constraints typically bind when the demand for mortgage refinancing shifts outward, usually because of lower mortgage rates. As a result, high capacity utilization leads mortgage lenders to ration mortgage credit, completing mortgages that require less underwriting resources and are thus less costly. This is hypothesized to have an adverse impact on higher credit-risk borrowers' ability to obtain mortgages. By lowering capacity utilization, a rise in interest rates can induce an increase in mortgage originations to higher risk borrowers. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2015, 44 pp.
AU  - Sharpe, Steve A
AU  - Sherlund, Shane M
Y1  - 2015/03//
PY  - 2015
DA  - March 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Risk
KW  - Credit
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644972?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sharpe%2C+Steve+A%3BSherlund%2C+Shane+M&rft.aulast=Sharpe&rft.aufirst=Steve&rft.date=2015-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Crowding+Out+Effects+of+Refinancing+on+New+Purchase+Mortgages&rft.title=Crowding+Out+Effects+of+Refinancing+on+New+Purchase+Mortgages&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015017pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-017
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Self-fulfilling Runs: Evidence from the U.S. Life Insurance Industry
AN  - 1735643232; 2011-901972
AB  - Explores whether liquidity creation in shadow banking is vulnerable to self-fulfilling runs. Investors typically decide to withdraw simultaneously, making it challenging to identify self-fulfilling runs. This study exploits the contractual structure of funding agreement-backed securities offered by US life insurers to institutional investors. The contracts allow researchers to obtain variation in investors' expectations about other investors' actions that is plausibly orthogonal to changes in fundamentals. The study finds that a run on US life insurers during 2007 was partly due to self-fulfilling expectations. Other contemporaneous runs in shadow banking by institutional investors may have had a self-fulfilling component. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2015, 51 pp.
AU  - Foley-Fisher, Nathan C
AU  - Narajabad, Borghan
AU  - Verani, Stephane H
Y1  - 2015/03//
PY  - 2015
DA  - March 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Investors
KW  - Contracts
KW  - Life insurance
KW  - Banking
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643232?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Akinci%2C+Ozge%3BOlmstead-Rumsey%2C+Jane&rft.aulast=Akinci&rft.aufirst=Ozge&rft.date=2015-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+Effective+are+Macroprudential+Policies%3F+An+Empirical+Investigation&rft.title=How+Effective+are+Macroprudential+Policies%3F+An+Empirical+Investigation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015032pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-032
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Basel III: long-term impact on economic performance and fluctuations
AN  - 1667352477; 4659122
AB  - Using a wide range of macroeconomic and econometric models we assess the long-term economic impact of the Basel III reform. Our main results are the following. (1) The economic costs of the new regulatory standards for bank capital and liquidity are considerably below existing estimates of the benefits that the reform should have by reducing the probability of banking crises (Basel Committee on Banking Supervision (2010) 'An Assessment of the Long-term Impact of Stronger Capital and Liquidity Requirements', Basel). (2) The reform dampens output volatility modestly, although there is some heterogeneity across models. (3) The adoption of countercyclical capital buffers can substantially amplify the dampening effect on output volatility. Reprinted by permission of Blackwell Publishers
JF  - Manchester School
AU  - Heuvel, Skander Van den
AU  - Vlcek, Jan
AU  - Angelini, Paolo
AU  - Clerc, Laurent
AU  - Cúrdia, Vasco
AU  - Gambacorta, Leonardo
AU  - Gerali, Andrea
AU  - Locarno, Alberto
AU  - Motto, Roberto
AU  - Roeger, Werner
AD  - Banca d'Italia ; Banque de France ; Federal Reserve Bank of New York ; Bank for International Settlements ; European Central Bank ; European Commission ; Board of Governors of the Federal Reserve System ; International Monetary Fund
Y1  - 2015/03//
PY  - 2015
DA  - Mar 2015
SP  - 217
EP  - 251
VL  - 83
IS  - 2
SN  - 1463-6786, 1463-6786
KW  - Economics
KW  - Evaluation
KW  - Liquidity
KW  - Macroeconomics
KW  - Economic performance
KW  - Econometric models
KW  - Volatility
KW  - Reform
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1667352477?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Manchester+School&rft.atitle=Basel+III%3A+long-term+impact+on+economic+performance+and+fluctuations&rft.au=Heuvel%2C+Skander+Van+den%3BVlcek%2C+Jan%3BAngelini%2C+Paolo%3BClerc%2C+Laurent%3BC%C3%BArdia%2C+Vasco%3BGambacorta%2C+Leonardo%3BGerali%2C+Andrea%3BLocarno%2C+Alberto%3BMotto%2C+Roberto%3BRoeger%2C+Werner&rft.aulast=Heuvel&rft.aufirst=Skander+Van&rft.date=2015-03-01&rft.volume=83&rft.issue=2&rft.spage=217&rft.isbn=&rft.btitle=&rft.title=Manchester+School&rft.issn=14636786&rft_id=info:doi/10.1111%2Fmanc.12056
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-03-30
N1  - Last updated - 2015-03-30
N1  - SubjectsTermNotLitGenreText - 3974 9390; 13349 13078; 7446; 4551; 10691; 7585 4025; 3864 8163
DO  - http://dx.doi.org/10.1111/manc.12056
ER  - 



TY  - BOOK
T1  - A Global Trade Model for the Euro Area
AN  - 1761661389; 2011-902492
AB  - Proposes a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables. This study quantifies the contribution of the most important euro area trading partners (regions) to the aggregate extra euro area developments and evaluates the impact of an increase of the external demand from a specific region on the extra euro area trade. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 27 2015, 34 pp.
AU  - D'Agostino, Antonello
AU  - Modugno, Michele
AU  - Osbat, Chiara
Y1  - 2015/02/27/
PY  - 2015
DA  - 2015 Feb 27
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - European Union
KW  - Macroeconomics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661389?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=D%27Agostino%2C+Antonello%3BModugno%2C+Michele%3BOsbat%2C+Chiara&rft.aulast=D%27Agostino&rft.aufirst=Antonello&rft.date=2015-02-27&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Global+Trade+Model+for+the+Euro+Area&rft.title=A+Global+Trade+Model+for+the+Euro+Area&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015013pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-013
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Slow Capital, Fast Prices: Shocks to Funding Liquidity and Stock Price Reversals
AN  - 1735644616; 2011-901983
AB  - A V-shaped price pattern is often observed in financial markets -- in response to a negative shock, prices fall 'too far' before reversing course. This paper examines one particular channel of such patterns: the link between a liquidity provider's balance sheet and asset prices. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 27 2015, 58 pp.
AU  - Gissler, Stefan
Y1  - 2015/02/27/
PY  - 2015
DA  - 2015 Feb 27
PB  - Board of Governors of the Federal Reserve System
KW  - Assets
KW  - Prices
KW  - Stocks
KW  - Balance sheets
KW  - Capital
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644616?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gissler%2C+Stefan&rft.aulast=Gissler&rft.aufirst=Stefan&rft.date=2015-02-27&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Slow+Capital%2C+Fast+Prices%3A+Shocks+to+Funding+Liquidity+and+Stock+Price+Reversals&rft.title=Slow+Capital%2C+Fast+Prices%3A+Shocks+to+Funding+Liquidity+and+Stock+Price+Reversals&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015043pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-043
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Small Businesses and Small Business Finance during the Financial Crisis and the Great Recession: New Evidence from the Survey of Consumer Finances
AN  - 1735643283; 2011-901979
AB  - Uses the Federal Reserve's 2007, 2009 re-interview of 2007 respondents, and 2010 Surveys of Consumer Finances (SCFs) to examine the experiences of small businesses owned and actively managed by households during the Great Recession. The study found that the vast majority of small businesses were severely affected by the financial crisis and the Great Recession, including facing tight credit constraints. The results strongly reinforce the importance of relationship finance to small businesses and the primary role of commercial banks in such relationships. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Feb 27 2015, 94 pp.
AU  - Kennickell, Arthur B
AU  - Kwast, Myron L
AU  - Pogach, Jonathan
Y1  - 2015/02/27/
PY  - 2015
DA  - 2015 Feb 27
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - Finance
KW  - Households
KW  - Consumer credit
KW  - Surveys
KW  - Small business
KW  - Consumers
KW  - Banking
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735643283?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kennickell%2C+Arthur+B%3BKwast%2C+Myron+L%3BPogach%2C+Jonathan&rft.aulast=Kennickell&rft.aufirst=Arthur&rft.date=2015-02-27&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Small+Businesses+and+Small+Business+Finance+during+the+Financial+Crisis+and+the+Great+Recession%3A+New+Evidence+from+the+Survey+of+Consumer+Finances&rft.title=Small+Businesses+and+Small+Business+Finance+during+the+Financial+Crisis+and+the+Great+Recession%3A+New+Evidence+from+the+Survey+of+Consumer+Finances&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015039pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-039
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations
AN  - 1735644516; 2011-901955
AB  - Reviews recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors, including nonbank institutions that are significant lenders in money markets, could complement the use of the interest on excess reserves (IOER) and help control short-term interest rates. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Feb 19 2015, 39 pp.
AU  - Frost, Josh
AU  - Logan, Lorie
AU  - Martin, Antoine
AU  - McCabe, Patrick
AU  - Natalucci, Fabio
AU  - Remache, Julie
Y1  - 2015/02/19/
PY  - 2015
DA  - 2015 Feb 19
PB  - Board of Governors of the Federal Reserve System
KW  - Interest rates
KW  - Investors
KW  - Testing
KW  - Money market
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644516?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Frost%2C+Josh%3BLogan%2C+Lorie%3BMartin%2C+Antoine%3BMcCabe%2C+Patrick%3BNatalucci%2C+Fabio%3BRemache%2C+Julie&rft.aulast=Frost&rft.aufirst=Josh&rft.date=2015-02-19&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Overnight+RRP+Operations+as+a+Monetary+Policy+Tool%3A+Some+Design+Considerations&rft.title=Overnight+RRP+Operations+as+a+Monetary+Policy+Tool%3A+Some+Design+Considerations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015010pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-010
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Margin Call Gone Wrong: Credit, Stock Prices, and Germany's Black Friday 1927
AN  - 1761665792; 2011-902507
AB  - Leverage is often seen as villain in financial crises. Sudden deleveraging may lead to resales and price pressure when asset demand is downward-sloping. This paper examines the effects of changes in leverage on asset prices. It provides a historical case study where a large, well-identified shock to margin credit disrupted the German stock market. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 15 2015, 42 pp.
AU  - Gissler, Stefan
Y1  - 2015/02/15/
PY  - 2015
DA  - 2015 Feb 15
PB  - Board of Governors of the Federal Reserve System
KW  - Germans
KW  - Assets
KW  - Blacks
KW  - Prices
KW  - Credit
KW  - Stocks
KW  - Stock market
KW  - Germany
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761665792?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gissler%2C+Stefan&rft.aulast=Gissler&rft.aufirst=Stefan&rft.date=2015-02-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Margin+Call+Gone+Wrong%3A+Credit%2C+Stock+Prices%2C+and+Germany%27s+Black+Friday+1927&rft.title=A+Margin+Call+Gone+Wrong%3A+Credit%2C+Stock+Prices%2C+and+Germany%27s+Black+Friday+1927&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015054pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-054
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis
AN  - 1735644999; 2011-901956
AB  - During the 2007-2009 financial crisis, there were severe reductions in the liquidity of financial markets, runs on the shadow banking system, and destabilizing defaults and near-defaults of major financial institutions. In response, the Federal Reserve, in its role as lender of last resort (LOLR), injected extraordinary amounts of liquidity. In the aftermath, some argued that central bank lending entails extremely high costs and should be made unnecessary by liquidity regulations, while others argued that liquidity regulations are unnecessary. This paper concludes that LOLR lending and liquidity regulations are complementary tools. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 10 2015, 37 pp.
AU  - Carlson, Mark
AU  - Duygan-Bump, Burcu
AU  - Nelson, William
Y1  - 2015/02/10/
PY  - 2015
DA  - 2015 Feb 10
PB  - Board of Governors of the Federal Reserve System
KW  - Cost
KW  - Central banks
KW  - Finance
KW  - Regulation
KW  - Banking
KW  - Markets
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644999?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carlson%2C+Mark%3BDuygan-Bump%2C+Burcu%3BNelson%2C+William&rft.aulast=Carlson&rft.aufirst=Mark&rft.date=2015-02-10&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Why+Do+We+Need+Both+Liquidity+Regulations+and+a+Lender+of+Last+Resort%3F+A+Perspective+from+Federal+Reserve+Lending+during+the+2007-09+U.S.+Financial+Crisis&rft.title=Why+Do+We+Need+Both+Liquidity+Regulations+and+a+Lender+of+Last+Resort%3F+A+Perspective+from+Federal+Reserve+Lending+during+the+2007-09+U.S.+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015011pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-011
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Mode Effects in Mixed-mode Economic Surveys: Insights from a Randomized Experiment
AN  - 1735644775; 2011-901953
AB  - Web-based surveys have become increasingly common in economic, marketing, and other social science research. However, questions exist about the comparability of data gathered using a web interview and data gathered using more traditional survey modes, particularly for surveys on household economic behavior. This study examines differences in survey response rates, item nonresponse, and data quality due to mode effects. The results indicate that, in contrast to mail mode, web mode surveys (1) attain higher response rates among web users, (2) display lower item nonresponse, and (3) elicit more precise values for financial measures. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 5 2015, 35 pp.
AU  - Hsu, Joanne W
AU  - McFall, Brooke H
Y1  - 2015/02/05/
PY  - 2015
DA  - 2015 Feb 05
PB  - Board of Governors of the Federal Reserve System
KW  - Households
KW  - Marketing
KW  - Surveys
KW  - Social sciences
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644775?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Hsu%2C+Joanne+W%3BMcFall%2C+Brooke+H&rft.aulast=Hsu&rft.aufirst=Joanne&rft.date=2015-02-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Mode+Effects+in+Mixed-mode+Economic+Surveys%3A+Insights+from+a+Randomized+Experiment&rft.title=Mode+Effects+in+Mixed-mode+Economic+Surveys%3A+Insights+from+a+Randomized+Experiment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015008pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-008
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Real Effects of Credit Line Drawdowns
AN  - 1684418549; 2011-817441
AB  - Explores whether firms use credit line drawdowns to finance investment. Using a unique dataset of 467 Standard & Poor's Compustat (COMPUSTAT) firms with credit lines, this research studies the purpose of drawdowns during the 2007-2009 financial crisis. The data show that credit line drawdowns had already increased in 2007, precisely when disruptions in bank funding markets began to squeeze aggregate liquidity. Consistent with theory, the results confirm that firms use drawdowns to sustain investment after an idiosyncratic liquidity shock. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Feb 4 2015, 53 pp.
AU  - Berrospide, Jose M
AU  - Meisenzahl, Ralf R
Y1  - 2015/02/04/
PY  - 2015
DA  - 2015 Feb 04
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic conditions
KW  - Investments
KW  - Finance
KW  - Credit
KW  - Standards
KW  - Economic conditions
KW  - Banking
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418549?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Berrospide%2C+Jose+M%3BMeisenzahl%2C+Ralf+R&rft.aulast=Berrospide&rft.aufirst=Jose&rft.date=2015-02-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Real+Effects+of+Credit+Line+Drawdowns&rft.title=The+Real+Effects+of+Credit+Line+Drawdowns&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015007pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-007
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - An Empirical Test of Auction Efficiency: Evidence from MBS Auctions of the Federal Reserve
AN  - 1761661643; 2011-905523
AB  - Auction theory has ambiguous implications regarding the relative efficiency of three formats of multiunit auctions: uniform-price, discriminatory-price, and Vickrey auctions. This study empirically evaluates the performance of these three auction formats using the bid-level data of the Federal Reserve's purchase auctions of agency mortgage-backed securities (MBS) from June 1, 2014 through November 17, 2014. The preliminary results suggest that neither uniform-price nor Vickrey auctions outperform discriminatory-price auctions in terms of the total expenditure -- However, they do outperform it in terms of efficiency, with efficiency gains around 0.74% of the surplus that dealers extract. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2015, 19 pp.
AU  - Bonaldi, Pietro
AU  - Hortacsu, Ali
AU  - Song, Zhaogang
Y1  - 2015/02//
PY  - 2015
DA  - February 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Auctions
KW  - Appropriations and expenditures
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761661643?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015082pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-082
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Institutions and Return Predictability in Oil-exporting Countries
AN  - 1735644864; 2011-901958
AB  - Studies whether stock market returns in oil-exporting countries can be predicted by oil price changes and investigates the link between predictability and the quality of each country's institutions. Returns are predictable for half the countries considered, and predictability is stronger when institutional quality is lower. The relation between predictability and institutional quality reflects the preference of countries with weaker institutions to consume oil windfalls locally rather than smooth out the impact of windfalls by, for instance, investing the proceeds through a sovereign wealth fund. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2015, 30 pp.
AU  - Aramonte, Sirio
AU  - Jahan-Parvar, Mohammad
AU  - Shugarman, Justin
Y1  - 2015/02//
PY  - 2015
DA  - February 2015
PB  - <span class="hit">Board</span> <span class="hit">of</span> <span class="hit">Governors</span> <span class="hit">of</span> <span class="hit">the</span> <span class="hit">Federal</span> <span class="hit">Reserve</span> <span class="hit">System</span>
KW  - Investments
KW  - Finance
KW  - Assets
KW  - Prices
KW  - Stock market
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Aramonte%2C+Sirio%3BJahan-Parvar%2C+Mohammad%3BShugarman%2C+Justin&rft.aulast=Aramonte&rft.aufirst=Sirio&rft.date=2015-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Monetary+Policy+101%3A+A+Primer+on+the+Fed%27s+Changing+Approach+to+Policy+Implementation&rft.title=Monetary+Policy+101%3A+A+Primer+on+the+Fed%27s+Changing+Approach+to+Policy+Implementation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015014pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-014
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Evolution of Retirement Wealth
AN  - 1735644777; 2011-901954
AB  - Explores whether the current mix of tax preferences for employer-sponsored pensions and individual retirement saving is delivering the best possible retirement-preparedness across and within generations. This study shows that (1) overall retirement plan participation was stable or even rising through 2007, though participation fell noticeably in the wake of the Great Recession and has remained lower, (2) participation is correlated with income, and the shift in the type of pension coverage occurred within -- not just across -- income groups, and (3) the recent decline in plan participation and defined contribution (DC) retirement account balance-to-income ratios is concentrated among younger families and lower-income families. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2015, 34 pp.
AU  - Devlin-Foltz, Sebastian
AU  - Henriques, Alice M
AU  - Sabelhaus, John
Y1  - 2015/02//
PY  - 2015
DA  - February 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Saving
KW  - Pensions
KW  - Wealth
KW  - Family
KW  - Economic conditions
KW  - Retirement
KW  - Income
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015009pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-009
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Wealth, Pensions, Debt, and Savings: Considerations for a Panel Survey
AN  - 1735644715; 2011-901963
AB  - Several US panel surveys measure household wealth. At the same time, many important questions about household wealth accumulation remain somewhat unresolved. This study considers whether measurement error on the existing suite of longitudinal surveys hinders their usefulness for addressing these questions. It reviews the features of wealth data that make it difficult to collect and assess which assets and debts households are more likely to report accurately. The study suggests several considerations in choosing between improving existing surveys and starting a new one. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2015, 33 pp.
AU  - Bucks, Brian K
AU  - Pence, Karen M
Y1  - 2015/02//
PY  - 2015
DA  - February 2015
PB  - Board of Governors of the Federal Reserve System
KW  - United States
KW  - Measurement
KW  - Pensions
KW  - Saving
KW  - Assets
KW  - Households
KW  - Debt
KW  - Surveys
KW  - Wealth
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015019pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-019
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Fourth Quarter, 2014
AN  - 1653494381
AB  - This article presents several orders issued under Section 3 of the Bank Holding Company Act (BHC Act), section 4 of the BHC Act, and section 9 of the Federal Reserve Act in the Fourth Quarter of 2014. This involved: First American Bank Corp, ViewPoint Financial Group Inc, Legacy Texas Bank, Midland States Bancorp Inc, Southside Bancshares Inc, Central bank of Audrain County, and Veritex Community Bank, respectively.
JF  - Federal Reserve Bulletin
AU  - Shanks, Margaret McCloskey
Y1  - 2015/02//
PY  - 2015
DA  - Feb 2015
SP  - 1
EP  - 59
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 101
IS  - 1
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank Holding Company Act 1956-US
KW  - Federal Reserve Act 1913-US
KW  - Bank holding companies
KW  - State banks
KW  - Manycompanies
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 4320:Legislation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Feb 2015
N1  - Document feature - References
N1  - Last updated - 2015-02-20
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - The Macroeconomic Effects of the Federal Reserve's Unconventional Monetary Policies
AN  - 1684418548; 2011-817443
AB  - After reaching the effective lower bound for the federal funds rate in late 2008, the Federal Reserve turned to two unconventional policy tools -- quantitative easing and increasingly explicit and forward-leaning guidance for the future path of the federal funds rate -- in order to provide additional monetary policy accommodation. This study infers changes in private-sector perceptions of the implicit interest rate rule that the Federal Reserve would use following liftoff from the effective lower bound. It found the net stimulus to real activity and inflation was limited by the gradual nature of the changes in policy expectations and term premium effects. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 14 2015, 54 pp.
AU  - Engen, Eric M
AU  - Laubach, Thomas T
AU  - Reifschneider, David
Y1  - 2015/01/14/
PY  - 2015
DA  - 2015 Jan 14
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Economic conditions and policy - Economic theory
KW  - Interest rates
KW  - Macroeconomics
KW  - Inflation
KW  - Regulation
KW  - Monetary policy
KW  - Decision-making
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015005pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-005
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bayesian Estimation of Time-Changed Default Intensity Models
AN  - 1684419545; 2011-817370
AB  - Estimates a reduced-form model of credit risk that incorporates stochastic volatility in default intensity via stochastic time-change. The study's Bayesian Markov chain Monte Carlo (MCMC) estimation method overcomes nonlinearity in the measurement equation and state-dependent volatility in the state equation. The study implements on firm-level time-series of credit default swaps (CDS) spreads and finds strong in-sample evidence of stochastic volatility in this market. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 6 2015, 45 pp.
AU  - Gordy, Michael B
AU  - Szerszen, Pawel J
Y1  - 2015/01/06/
PY  - 2015
DA  - 2015 Jan 06
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Public safety and security
KW  - Science and technology policy - Mathematics
KW  - Measurement
KW  - Risk
KW  - Credit
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419545?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gordy%2C+Michael+B%3BSzerszen%2C+Pawel+J&rft.aulast=Gordy&rft.aufirst=Michael&rft.date=2015-01-06&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Bayesian+Estimation+of+Time-Changed+Default+Intensity+Models&rft.title=Bayesian+Estimation+of+Time-Changed+Default+Intensity+Models&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015002pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-002
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
AN  - 1761667161; 2011-902505
AB  - Examines the role of firms' government connections, defined by government intervention in CEO appointment and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. This study demonstrates that government connections are associated with substantially less severe financial constraints and that the sensitivity of investment to internal cash flows is higher for firms that report greater obstacles to obtaining external funds. Large non-state firms with weak government connections, likely the engine for innovation in the coming years in China, are especially financially constrained. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2015, 65 pp.
AU  - Cull, Robert
AU  - Li, Wei
AU  - Sun, Bo
AU  - Xu, Lixin Colin
Y1  - 2015/01//
PY  - 2015
DA  - January 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Intervention (government)
KW  - Cash flow
KW  - Investments
KW  - China (People's Republic)
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1129.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1129
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Risk Choices and Compensation Design
AN  - 1761666707; 2011-902504
AB  - Analyzes the impact of bad-tail risks on managerial pay functions, especially the decision to pay managers in stock or in options. In contrast to conventional wisdom, options are often a superior vehicle for limiting managerial incentives to take bad-tail risks while providing incentives to exert effort. Arrangements similar to collar options are able to incentivize the desired project choice in wider range of circumstances than call options or stock. However, information requirements appear high. This study briefly explores alternatives with features similar to maluses and clawbacks, which are a bit like weakening the limited liability of managers. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2015, 58 pp.
AU  - Carey, Mark
AU  - Sun, Bo
Y1  - 2015/01//
PY  - 2015
DA  - January 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Stocks
KW  - Liability
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carey%2C+Mark%3BSun%2C+Bo&rft.aulast=Carey&rft.aufirst=Mark&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Risk+Choices+and+Compensation+Design&rft.title=Risk+Choices+and+Compensation+Design&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1130.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1130
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Consumer Spending and Property Taxes
AN  - 1761662866; 2011-902493
AB  - A major change of the property tax system in 2011 generated significant variation in the amount of housing taxes paid by Italian households. This study exploits this variation to provide an unprecedented analysis of the effects of property taxes on consumer spending. A tax on the main dwelling leads to large expenditure cuts among households with mortgage debt and low liquid wealth but generates only small revenues for the government -- In contrast, higher tax rates on other residential properties reduce private savings and yield large tax revenues. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2015, 48 pp.
AU  - Surico, Paolo
AU  - Trezzi, Riccardo
Y1  - 2015///0,
PY  - 2015
DA  - 0, 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Saving
KW  - Housing
KW  - Appropriations and expenditures
KW  - Households
KW  - Debt
KW  - Italians
KW  - Wealth
KW  - Consumers
KW  - Property
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Surico%2C+Paolo%3BTrezzi%2C+Riccardo&rft.aulast=Surico&rft.aufirst=Paolo&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Consumer+Spending+and+Property+Taxes&rft.title=Consumer+Spending+and+Property+Taxes&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015057pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-057
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Does Salient Financial Information Affect Academic Performance and Borrowing Behavior among College Students?
AN  - 1761661575; 2011-905530
AB  - The rising incidence and amount of student loan debt among young adults has significant implications for their economic well-being; however, students are generally provided little information on how to finance postsecondary education and how much to borrow. This paper studies how information can change student loan behavior among college students. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2015, 37 pp.
AU  - Schmeiser, Maximilian
AU  - Stoddard, Christiana
AU  - Urban, Carly
Y1  - 2015///0,
PY  - 2015
DA  - 0, 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Education
KW  - Finance
KW  - College students
KW  - Debt
KW  - Young adults
KW  - Students
KW  - Student loans
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Schmeiser%2C+Maximilian%3BStoddard%2C+Christiana%3BUrban%2C+Carly&rft.aulast=Schmeiser&rft.aufirst=Maximilian&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Does+Salient+Financial+Information+Affect+Academic+Performance+and+Borrowing+Behavior+among+College+Students%3F&rft.title=Does+Salient+Financial+Information+Affect+Academic+Performance+and+Borrowing+Behavior+among+College+Students%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015075r.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-075
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Downside Variance Risk Premium
AN  - 1761660493; 2011-902494
AB  - Proposes a new decomposition of the variance risk premium in terms of upside and downside variance risk premia. The difference between upside and downside variance risk premia is a measure of skewness risk premium. This study establishes that the downside variance risk premium is the main component of the variance risk premium, and that the skewness risk premium is a priced factor with significant prediction power for aggregate excess returns. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2015, 64 pp.
AU  - Feunou, Bruno
AU  - Jahan-Parvar, Mohammad R
AU  - Okou, Cedric
Y1  - 2015///0,
PY  - 2015
DA  - 0, 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1761660493?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Feunou%2C+Bruno%3BJahan-Parvar%2C+Mohammad+R%3BOkou%2C+Cedric&rft.aulast=Feunou&rft.aufirst=Bruno&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Downside+Variance+Risk+Premium&rft.title=Downside+Variance+Risk+Premium&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015020pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-020
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Income-achievement Gap and Adult Outcome Inequality
AN  - 1735644448; 2011-901981
AB  - This paper discusses various methods for assessing group differences in academic achievement using only the ordinal content of achievement test scores. Researchers and policymakers frequently draw conclusions about achievement differences between various populations using methods that rely on the cardinal comparability of test scores. This paper shows that such methods can lead to erroneous conclusions in an important application. An anchoring exercise suggests that the narrowing of the income-achievement gap corresponds to an economically significant convergence in lifetime labor wealth and school completion rates for youth from high- and low-income backgrounds. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, 2015, 60 pp.
AU  - Nielsen, Eric R
Y1  - 2015///0,
PY  - 2015
DA  - 0, 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Schools
KW  - Academic achievement
KW  - Cardinals
KW  - Population
KW  - Wealth
KW  - Adults
KW  - Youth
KW  - Labor
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644448?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nielsen%2C+Eric+R&rft.aulast=Nielsen&rft.aufirst=Eric&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Income-achievement+Gap+and+Adult+Outcome+Inequality&rft.title=The+Income-achievement+Gap+and+Adult+Outcome+Inequality&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015041pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-041
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Achievement Gap Estimates and Deviations from Cardinal Comparability
AN  - 1735644374; 2011-901980
AB  - This paper assesses the sensitivity of standard empirical methods for measuring group differences in achievement to violations in the cardinal comparability of achievement test scores. The results suggest that cross-sectional achievement gap estimates tend to be quite robust to scale misspecification. In contrast, achievement gap change estimates seem to be quite sensitive to the choice of test scale. Standard empirical methods may not robustly identify the sign of the trend in achievement inequality between students from different racial groups and income classes. Furthermore, ordinal methods may be more powerful. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, 2015, 53 pp.
AU  - Nielsen, Eric R
Y1  - 2015///0,
PY  - 2015
DA  - 0, 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Cardinals
KW  - Standards
KW  - Students
KW  - Income
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644374?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015040pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-040
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Macroeconomic Effects of Banking Sector Losses across Structural Models
AN  - 1735643239; 2011-901984
AB  - The macro spillover effects of capital shortfalls in the financial intermediation sector are compared across five dynamic equilibrium models for policy analysis. Although all the models considered share antecedents and a methodological core, each model emphasizes different transmission channels. This approach delivers 'model-based confidence intervals' for the real and financial effects of shocks originating in the financial sector. The range of outcomes predicted by the five models is only slightly narrower than confidence intervals produced by simple vector autoregressions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, 2015, 51 pp.
AU  - Guerrieri, Luca
AU  - Iacoviello, Matteo
AU  - Covas, Francisco
AU  - Driscoll, John C
AU  - Jahan-Parvar, Mohammad
AU  - Kiley, Michael
AU  - Queralto, Albert
AU  - Sim, Jae
Y1  - 2015///0,
PY  - 2015
DA  - 0, 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Macroeconomics
KW  - Capital
KW  - Banking
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015044pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-044
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Tradability of Output, Business Cycles, and Asset Prices
AN  - 1684419694; 2011-817369
AB  - Examines the effect of a firm's tradability, the proportion of output that is exported abroad, on its stock returns. There are three novel empirical findings: (1) firms with higher tradability have more cyclical asset returns; (2) firms with higher tradability have more cyclical earnings growth; (3) returns of a portfolio long on firms with the highest tradability and short on firms with the lowest tradability can predict the real exchange rate. The empirical patterns are consistent with the relative price adjustment of tradable and non-tradable goods to business cycles driven by endowment shocks. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Jan 2015, 49 pp.
AU  - Tian, Mary H
Y1  - 2015/01//
PY  - 2015
DA  - January 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Philanthropy
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Endowments
KW  - Assets
KW  - Foreign exchange rates
KW  - Prices
KW  - Stocks
KW  - Business cycles
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Tian%2C+Mary+H&rft.aulast=Tian&rft.aufirst=Mary&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Tradability+of+Output%2C+Business+Cycles%2C+and+Asset+Prices&rft.title=Tradability+of+Output%2C+Business+Cycles%2C+and+Asset+Prices&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015003pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-003
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Monetary Policy, Trend Inflation, and the Great Moderation: An Alternative Interpretation -- Comment
AN  - 1684418580; 2011-817444
AB  - Working with a small-scale calibrated New-Keynesian model, Coibion and Gorodnichenko (2011) find that the reduction in trend inflation during Volcker's mandate was a key factor behind the Great Moderation. This study revisits this finding with an estimated New-Keynesian model with trend inflation and no indexation based on Christiano, Eichenbaum and Evans (2005). First, the simulations confirm Coibion and Gorodnichenko's (2011) main finding; and second, the study shows that a trend inflation-immune Taylor rule based on economic theory can avoid indeterminacy even at high levels of trend inflation such as those observed in the 1970s. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2015, 20 pp.
AU  - Arias, Jonas E
AU  - Ascari, Guido
AU  - Branzoli, Nicola
AU  - Castelnuovo, Efrem
Y1  - 2015/01//
PY  - 2015
DA  - January 2015
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Volcker, Paul Adolph, 1927
KW  - Inflation
KW  - Regulation
KW  - Monetary policy
KW  - Decision-making
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Arias%2C+Jonas+E%3BAscari%2C+Guido%3BBranzoli%2C+Nicola%3BCastelnuovo%2C+Efrem&rft.aulast=Arias&rft.aufirst=Jonas&rft.date=2015-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Monetary+Policy%2C+Trend+Inflation%2C+and+the+Great+Moderation%3A+An+Alternative+Interpretation+--+Comment&rft.title=Monetary+Policy%2C+Trend+Inflation%2C+and+the+Great+Moderation%3A+An+Alternative+Interpretation+--+Comment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1127.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2015
N1  - SuppNotes - International Finance Discussion pa. no. 1127
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Empirical Bayesian density forecasting in Iowa and shrinkage for the Monte Carlo era
AN  - 1646697159; 4636306
AB  - The track record of a 20-year history of density forecasts of state tax revenue in Iowa is studied, and potential improvements sought through a search for better-performing 'priors' similar to that conducted three decades ago for point forecasts by Doan, Litterman and Sims (Econometric Reviews, 1984). Comparisons of the point and density forecasts produced under the flat prior are made to those produced by the traditional (mixed estimation) 'Bayesian VAR' methods of Doan, Litterman and Sims, as well as to fully Bayesian 'Minnesota Prior' forecasts. The actual record and, to a somewhat lesser extent, the record of the alternative procedures studied in pseudo-real-time forecasting experiments, share a characteristic: subsequently realized revenues are in the lower tails of the predicted distributions 'too often'. An alternative empirically based prior is found by working directly on the probability distribution for the vector autoregression parameters-the goal being to discover a better-performing entropically tilted prior that minimizes out-of-sample mean squared error subject to a Kullback-Leibler divergence constraint that the new prior not differ 'too much' from the original. We also study the closely related topic of robust prediction appropriate for situations of ambiguity. Robust 'priors' are competitive in out-of-sample forecasting; despite the freedom afforded the entropically tilted prior, it does not perform better than the simple alternatives. Copyright © 2014 John Wiley & Sons, Ltd. Copyright John Wiley & Sons. Reproduced with permission. An electronic version of this article is available online at http://www.interscience.wiley.com
JF  - Journal of forecasting
AU  - Lewis, Kurt F
AU  - Whiteman, Charles H
AD  - Board of Governors of the Federal Reserve System ; Pennsylvania State University, University Park
Y1  - 2015/01//
PY  - 2015
DA  - Jan 2015
SP  - 15
EP  - 35
VL  - 34
IS  - 1
SN  - 0277-6693, 0277-6693
KW  - Economics
KW  - U.S.A.
KW  - Monte Carlo simulation
KW  - Probability theory
KW  - Economic forecasts
KW  - Econometrics
KW  - Empirical research
KW  - Iowa
KW  - Bayesian method
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+forecasting&rft.atitle=Empirical+Bayesian+density+forecasting+in+Iowa+and+shrinkage+for+the+Monte+Carlo+era&rft.au=Lewis%2C+Kurt+F%3BWhiteman%2C+Charles+H&rft.aulast=Lewis&rft.aufirst=Kurt&rft.date=2015-01-01&rft.volume=34&rft.issue=1&rft.spage=15&rft.isbn=&rft.btitle=&rft.title=Journal+of+forecasting&rft.issn=02776693&rft_id=info:doi/10.1002%2Ffor.2316
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-01-20
N1  - Last updated - 2015-01-20
N1  - SubjectsTermNotLitGenreText - 1512 3865 4025; 8268 12265 3865 4025 10214 12224 971 12228 10919; 3937 5163; 3865 4025; 10217 10214 12224 971; 4200 10902; 180 433 293 14
DO  - http://dx.doi.org/10.1002/for.2316
ER  - 



TY  - JOUR
T1  - Early withdrawals from retirement accounts during the great recession
AN  - 1634462628; 4624284
AB  - Early withdrawals from retirement accounts are a double-edged sword, because withdrawals reduce retirement resources, but they also allow individuals to smooth consumption when they experience demographic and economic shocks. Using tax data, we show that preretirement withdrawals increased between 2004 and 2010, especially after 2007, but early withdrawal rates are substantial (relative to new contributions) in all those years. Early withdrawal events are strongly correlated with shocks to income and marital status, and lower-income taxpayers are more likely to experience the types of shocks associated with early withdrawals and more likely to have a taxable withdrawal when they experience a given shock. (JEL G23, H24, H31) Reprinted by permission of Oxford University Press
JF  - Contemporary economic policy
AU  - Argento, Robert
AU  - Bryant, Victoria L
AU  - Sabelhaus, John
AD  - Federal Reserve System ; US Internal Revenue Service ; Board of Governors of the Federal Reserve System
Y1  - 2015/01//
PY  - 2015
DA  - Jan 2015
SP  - 1
EP  - 16
VL  - 33
IS  - 1
SN  - 1074-3529, 1074-3529
KW  - Economics
KW  - Taxpayers
KW  - Marital status
KW  - Economic shock
KW  - Withdrawal
KW  - Retirement
KW  - Income
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1634462628?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Contemporary+economic+policy&rft.atitle=Early+withdrawals+from+retirement+accounts+during+the+great+recession&rft.au=Argento%2C+Robert%3BBryant%2C+Victoria+L%3BSabelhaus%2C+John&rft.aulast=Argento&rft.aufirst=Robert&rft.date=2015-01-01&rft.volume=33&rft.issue=1&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Contemporary+economic+policy&rft.issn=10743529&rft_id=info:doi/10.1111%2Fcoep.12064
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2014-12-09
N1  - Last updated - 2014-12-09
N1  - SubjectsTermNotLitGenreText - 10984; 4002 3980 9965; 12579; 6271; 13576; 7699 7748 6823
DO  - http://dx.doi.org/10.1111/coep.12064
ER  - 



TY  - BOOK
T1  - Efficient Monte Carlo Counterparty Credit Risk Pricing and Measurement
AN  - 1684420154; 2011-817095
AB  - Counterparty credit risk (CCR), a key driver of the 2007-2008 credit crisis, has become one of the main focuses of the major global and US regulatory standards. Financial institutions invest large amounts of resources employing Monte Carlo simulation to measure and price their counterparty credit risk. This study develops efficient Monte Carlo CCR estimation frameworks by focusing on the most widely used and regulatory-driven CCR measures: expected positive exposure (EPE), credit value adjustment (CVA), and effective expected positive exposure (EEPE). Tables.
JF  - Board of Governors of the Federal Reserve System, Dec 17 2014, 42 pp.
AU  - Ghamami, Samim
AU  - Zhang, Bo
Y1  - 2014/12/17/
PY  - 2014
DA  - 2014 Dec 17
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Business finance
KW  - Science and technology policy - Mathematics
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - United States
KW  - Measurement
KW  - Risk
KW  - Prices
KW  - Credit
KW  - Standards
KW  - Regulation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420154?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ghamami%2C+Samim%3BZhang%2C+Bo&rft.aulast=Ghamami&rft.aufirst=Samim&rft.date=2014-12-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Efficient+Monte+Carlo+Counterparty+Credit+Risk+Pricing+and+Measurement&rft.title=Efficient+Monte+Carlo+Counterparty+Credit+Risk+Pricing+and+Measurement&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014114pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-114
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Assessing the Change in Labor Market Conditions
AN  - 1684419730; 2011-817100
AB  - This paper describes a dynamic factor model of 19 US labor market indicators, covering the broad categories of unemployment and underemployment, employment, workweeks, wages, vacancies, hiring, layoffs, quits, and surveys of consumers' and businesses' perceptions. The resulting labor market conditions index (LMCI) is a useful tool for gauging the change in labor market conditions. Through the lens of the LMCI, labor market conditions have improved at a moderate pace over the past several years -- with notable variation -- and the unemployment rate declined a bit faster over the past two years than was consistent with the other indicators. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Dec 17 2014, 32 pp.
AU  - Chung, Hess T
AU  - Fallick, Bruce
AU  - Nekarda, Christopher J
AU  - Ratner, David D
Y1  - 2014/12/17/
PY  - 2014
DA  - 2014 Dec 17
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Work and labor
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Business and business enterprises
KW  - Education and education policy - Information services and sources
KW  - Economic conditions and policy - Consumers and consumption
KW  - United States
KW  - Indexes
KW  - Business
KW  - Underemployment
KW  - Unemployment
KW  - Consumers
KW  - Employment
KW  - Markets
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419730?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chung%2C+Hess+T%3BFallick%2C+Bruce%3BNekarda%2C+Christopher+J%3BRatner%2C+David+D&rft.aulast=Chung&rft.aufirst=Hess&rft.date=2014-12-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Assessing+the+Change+in+Labor+Market+Conditions&rft.title=Assessing+the+Change+in+Labor+Market+Conditions&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014109pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-109
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Where Are All the New Banks? The Role of Regulatory Burden in New Charter Creation
AN  - 1684419631; 2011-817096
AB  - The number of new bank charters in the US has declined dramatically in recent years. From 1990 to 2008, over 2,000 new banks were formed, more than 100 per year. From 2009 to 2013 only 7 new banks were formed, fewer than 2 per year. This paper assesses the causes of the decline in new charter creation. The results of the study suggest that even without any regulatory changes following the financial crisis, the weak economy and low interest rate environment would have caused 75-80% of the current decline in new charters. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Dec 16 2014, 38 pp.
AU  - Adams, Robert M
AU  - Gramlich, Jacob P
Y1  - 2014/12/16/
PY  - 2014
DA  - 2014 Dec 16
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Interest rates
KW  - United States
KW  - Finance
KW  - Regulation
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419631?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Adams%2C+Robert+M%3BGramlich%2C+Jacob+P&rft.aulast=Adams&rft.aufirst=Robert&rft.date=2014-12-16&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Where+Are+All+the+New+Banks%3F+The+Role+of+Regulatory+Burden+in+New+Charter+Creation&rft.title=Where+Are+All+the+New+Banks%3F+The+Role+of+Regulatory+Burden+in+New+Charter+Creation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014113pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-113
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Determinants of Subprime Mortgage Performance following a Loan Modification
AN  - 1684418558; 2011-817442
AB  - Examines the evolution of mortgage modification terms obtained by distressed subprime borrowers during the recent housing crisis and the effect of the various types of modifications on the subsequent loan performance. The study estimates a discrete time proportional hazard model with competing risks to examine the determinants of post-modification mortgage outcomes and finds that principal reductions are particularly effective at improving loan outcomes -- as high loan-to-value ratios are the single greatest contributor to re-default and foreclosure, and reduced total payment and interest (P&I) reduces the likelihood of subsequent re-default and foreclosure. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Dec 15 2014, 37 pp.
AU  - Schmeiser, Maximilian D
AU  - Gross, Matthew B
Y1  - 2014/12/15/
PY  - 2014
DA  - 2014 Dec 15
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Social conditions and policy - Housing
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Banking operations and services
KW  - Risk
KW  - Housing
KW  - Loans
KW  - Foreclosures
KW  - Payment
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418558?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Schmeiser%2C+Maximilian+D%3BGross%2C+Matthew+B&rft.aulast=Schmeiser&rft.aufirst=Maximilian&rft.date=2014-12-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Determinants+of+Subprime+Mortgage+Performance+following+a+Loan+Modification&rft.title=The+Determinants+of+Subprime+Mortgage+Performance+following+a+Loan+Modification&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015006pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-006
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Which Way to Recovery? Housing Market Outcomes and the Neighborhood Stabilization Program
AN  - 1684420232; 2011-817368
AB  - To help communities recover from the foreclosure crisis, Congress enacted a set of policies known as the Neighborhood Stabilization Program (NSP). NSP's objective was to mitigate the impact of foreclosures on neighboring properties, through reducing the stock of distressed properties and removing sources of visual blight. This paper presents evidence on production outcomes achieved through the second round of NSP funding (NSP2) and discusses the housing market context under which the program operated from 2010 to 2013. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Dec 3 2014, 40 pp.
AU  - Schuetz, Jenny
AU  - Spader, Jonathan
AU  - Buell, Jennifer Lewis
AU  - Burnett, Kimberly
AU  - Buron, Larry
AU  - Cortes, Alvaro
AU  - DiDomenico, Michael
AU  - Jefferson, Anna
AU  - Redfearn, Christian
AU  - Whitlow, Stephen
Y1  - 2014/12/03/
PY  - 2014
DA  - 2014 Dec 03
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Urban conditions
KW  - Social conditions and policy - Housing
KW  - Economic conditions and policy - Property and wealth
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Banking and public and private finance - Investments and securities
KW  - Housing
KW  - Production
KW  - Foreclosures
KW  - Neighborhoods
KW  - Stocks
KW  - Property
KW  - Federal reserve system
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420232?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Schuetz%2C+Jenny%3BSpader%2C+Jonathan%3BBuell%2C+Jennifer+Lewis%3BBurnett%2C+Kimberly%3BBuron%2C+Larry%3BCortes%2C+Alvaro%3BDiDomenico%2C+Michael%3BJefferson%2C+Anna%3BRedfearn%2C+Christian%3BWhitlow%2C+Stephen&rft.aulast=Schuetz&rft.aufirst=Jenny&rft.date=2014-12-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Which+Way+to+Recovery%3F+Housing+Market+Outcomes+and+the+Neighborhood+Stabilization+Program&rft.title=Which+Way+to+Recovery%3F+Housing+Market+Outcomes+and+the+Neighborhood+Stabilization+Program&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015004pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-004
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Impact of the Small Business Lending Fund on Community Bank Lending to Small Businesses
AN  - 1684419782; 2011-817098
AB  - Following the financial crisis, total outstanding loans to businesses by commercial banks dropped off substantially. The current paper uses Call Report data from community banks and thrift institutions to examine the impact of receiving funds from the Small Business Lending Fund (SBLF) on their small business lending. Simple regression estimates indicate that participants in the SBLF program increased their small business lending by about 10% more than their non-participating counterparts; however, estimates that control for the ongoing growth path in small business lending indicate no statistically significant impact of SBLF participation on small business lending. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Dec 2014, 19 pp.
AU  - Amel, Dean
AU  - Mach, Traci
Y1  - 2014/12//
PY  - 2014
DA  - December 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business and business enterprises
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Finance
KW  - Business
KW  - Loans
KW  - Small business
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419782?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Amel%2C+Dean%3BMach%2C+Traci&rft.aulast=Amel&rft.aufirst=Dean&rft.date=2014-12-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Impact+of+the+Small+Business+Lending+Fund+on+Community+Bank+Lending+to+Small+Businesses&rft.title=The+Impact+of+the+Small+Business+Lending+Fund+on+Community+Bank+Lending+to+Small+Businesses&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014111pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-111
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - The fiscal stress arising from state and local retiree health obligations
AN  - 1660032498; 4649303
AB  - A major factor weighing down the long-term finances of state and local governments is the obligation to fund retiree benefits. While state and local government pension obligations have been analyzed in great detail, much less attention has been paid to the costs of the other major retiree benefit provided by these governments: retiree health insurance. The first portion of the paper uses the information contained in the annual actuarial reports for public retiree health plans to reverse engineer the cash flows underlying the liabilities given in the report. Obtaining the cash flows allows us to construct liability estimates which are consistent across governments in terms of the discount rate, actuarial method and assumptions concerning medical cost inflation and mortality. We find that the total unfunded accrued liability of state and local governments for the provision of retiree health care exceeds $1 trillion, or about ⅓ of total state and local government revenue. Relative to pension obligations discounted at the same rate, we find that unfunded retiree health care liabilities are ½ the size of unfunded pension obligations. We also find that using assumptions concerning the growth in health care costs that are arguably more realistic than those employed by most states actually reduces the size of the liability in most cases. Pushing in the opposite direction, we find that using plausibly more realistic mortality assumptions increases the size of liability. The second portion of the paper places retiree health care obligations into context by examining the budget pressures associated with retiree health on a continuing, largely pay-as-you go basis. We find that much of the projected increase in retiree health obligations as a share of revenue is the result of health care cost growth. On average, states could put their retiree health obligations into long-run fiscal balance by contributing an additional ¾ percent of total revenue toward the benefit each year. There is, however, wide variation across the states, with the majority of states requiring little in the way of additional financing, but some states requiring a significantly larger increase. All rights reserved, Elsevier
JF  - Journal of health economics
AU  - Lutz, Byron
AU  - Sheiner, Louise
AD  - Board of Governors of the Federal Reserve System ; Brookings Institution
Y1  - 2014/12//
PY  - 2014
DA  - Dec 2014
SP  - 130
EP  - 146
VL  - 38
SN  - 0167-6296, 0167-6296
KW  - Economics
KW  - Health expenditure
KW  - Health care
KW  - Pensions
KW  - Local government
KW  - Obligation
KW  - Health insurance
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1660032498?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Apais&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kamal%2C+Fariha%3BKrizan%2C+C+J%3BMonarch%2C+Ryan&rft.aulast=Kamal&rft.aufirst=Fariha&rft.date=2015-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Identifying+Foreign+Suppliers+in+U.S.+Merchandise+Import+Transactions&rft.title=Identifying+Foreign+Suppliers+in+U.S.+Merchandise+Import+Transactions&rft.issn=&rft_id=info:doi/
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-03-02
N1  - Last updated - 2015-03-03
N1  - SubjectsTermNotLitGenreText - 9369; 8827; 7506 5551; 5775 13521; 5784 6592 4957 11923 11949 13521; 5780 4618
DO  - http://dx.doi.org/10.1016/j.jhealeco.2014.06.002
ER  - 



TY  - BOOK
T1  - The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies
AN  - 1684420013; 2011-817107
AB  - This study takes the demand for short-term, safe instruments (STSI) as given and considers the extent to which central banks can improve financial stability and manage maturity transformation by the private sector through their ability to affect the public supply of STSI. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 25 2014, 26 pp.
AU  - Carlson, Mark
AU  - Duygan-Bump, Burcu
AU  - Natalucci, Fabio
AU  - Nelson, William R
AU  - Ochoa, Marcelo
AU  - Stein, Jeremy
AU  - Van den Heuvel, Skander
Y1  - 2014/11/25/
PY  - 2014
DA  - 2014 Nov 25
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Central banks
KW  - Assets
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420013?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carlson%2C+Mark%3BDuygan-Bump%2C+Burcu%3BNatalucci%2C+Fabio%3BNelson%2C+William+R%3BOchoa%2C+Marcelo%3BStein%2C+Jeremy%3BVan+den+Heuvel%2C+Skander&rft.aulast=Carlson&rft.aufirst=Mark&rft.date=2014-11-25&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Demand+for+Short-Term%2C+Safe+Assets+and+Financial+Stability%3A+Some+Evidence+and+Implications+for+Central+Bank+Policies&rft.title=The+Demand+for+Short-Term%2C+Safe+Assets+and+Financial+Stability%3A+Some+Evidence+and+Implications+for+Central+Bank+Policies&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014102pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-102
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Habit, Production, and the Cross-Section of Stock Returns
AN  - 1684419901; 2011-817106
AB  - Solutions to the equity premium puzzle also provide information about the cross-section of stock returns. An external habit model with heterogeneous firms reproduces numerous stylized facts about both the equity premium and the value premium. Value firms are temporarily low productivity firms, which will eventually experience high cash flows. The present value of these temporally distant cash flows is sensitive to risk premium movements. The value premium is the reward for bearing this sensitivity -- thus, value firms have higher cash-flow growth. Value stock returns are more sensitive to risk premium movements, as measured by consumption volatility shocks. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 21 2014, 42 pp.
AU  - Chen, Andrew Y
Y1  - 2014/11/21/
PY  - 2014
DA  - 2014 Nov 21
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Accounting
KW  - Social conditions and policy - Public safety and security
KW  - Social conditions and policy - Social values
KW  - Economic conditions and policy - Consumers and consumption
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Cash flow
KW  - Risk
KW  - Production
KW  - Consumption
KW  - Stocks
KW  - Productivity
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419901?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chen%2C+Andrew+Y&rft.aulast=Chen&rft.aufirst=Andrew&rft.date=2014-11-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Habit%2C+Production%2C+and+the+Cross-Section+of+Stock+Returns&rft.title=Habit%2C+Production%2C+and+the+Cross-Section+of+Stock+Returns&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014103pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-103
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Tax Policy Endogeneity: Evidence from R&D Tax Credits
AN  - 1684419762; 2011-817108
AB  - Because policymakers may consider the state of the economy when setting taxes, endogeneity bias can arise in regression models that estimate relationships between economic variables and taxes. This paper quantifies the policy endogeneity bias and estimates the impact of research and development (R&D) tax incentives on R&D expenditures at the US state level. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 21 2014, 57 pp.
AU  - Chang, Andrew C
Y1  - 2014/11/21/
PY  - 2014
DA  - 2014 Nov 21
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Science and technology policy - Science and science policy and research
KW  - United States
KW  - Research and development
KW  - Appropriations and expenditures
KW  - Tax policy
KW  - Tax credits
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419762?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chang%2C+Andrew+C&rft.aulast=Chang&rft.aufirst=Andrew&rft.date=2014-11-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Tax+Policy+Endogeneity%3A+Evidence+from+R%26D+Tax+Credits&rft.title=Tax+Policy+Endogeneity%3A+Evidence+from+R%26D+Tax+Credits&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014101pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-101
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Concerns about Leveraged ETFs Overblown?
AN  - 1684419710; 2011-817103
AB  - Leveraged and inverse exchange-traded funds (ETFs) have been heavily criticized for exacerbating volatility in financial markets because it is thought that they mechanically rebalance their portfolios in the same direction as contemporaneous returns. This paper argues that these criticisms are likely exaggerated because they ignore the effects of capital flows on ETF rebalancing demand. Empirically, the study finds that capital flows substantially reduce the need for ETFs to rebalance when returns are large in magnitude and, therefore, mitigate the potential for these products to amplify volatility. Theoretically, flows can completely eliminate ETF rebalancing in the limit. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 19 2014, 35 pp.
AU  - Ivanov, Ivan T
AU  - Lenkey, Stephen L
Y1  - 2014/11/19/
PY  - 2014
DA  - 2014 Nov 19
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic theory
KW  - Finance
KW  - Economics
KW  - Capital
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419710?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ivanov%2C+Ivan+T%3BLenkey%2C+Stephen+L&rft.aulast=Ivanov&rft.aufirst=Ivan&rft.date=2014-11-19&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+Concerns+about+Leveraged+ETFs+Overblown%3F&rft.title=Are+Concerns+about+Leveraged+ETFs+Overblown%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014106pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-106
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Jumps in Bond Yields at Known Times
AN  - 1684419617; 2011-817109
AB  - Constructs a no-arbitrage term structure model with jumps in the entire state vector at deterministic times but of random magnitudes. The model implies a closed-form representation of yields as a time-inhomogeneous affine function of the state vector. The model is applied to the term structure of US Treasury rates, estimated at the daily frequency, allowing for jumps on days of employment report announcements. The model also produces patterns in bond risk premia that are consistent with the empirical finding that much of the time-variation in excess bond returns accrues at times of important macroeconomic data releases. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 17 2014, 33 pp.
AU  - Kim, Don H
AU  - Wright, Jonathan H
Y1  - 2014/11/17/
PY  - 2014
DA  - 2014 Nov 17
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Labor conditions and policy - Employment and labor supply
KW  - Social conditions and policy - Public safety and security
KW  - Economic conditions and policy - Economic theory
KW  - United States
KW  - Risk
KW  - Bonds
KW  - Treasury
KW  - Macroeconomics
KW  - Employment
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419617?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014100pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-100
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Dealer Networks
AN  - 1684420075; 2011-817114
AB  - Dealers in over-the-counter securities form networks to mitigate search frictions. The audit trail for municipal bonds shows the dealer network has a core-periphery structure. Central dealers are more efficient at matching buyers and sellers than peripheral dealers, which shortens intermediation chains and speeds up trading. Investors face a tradeoff between execution speed and cost. Central dealers provide immediacy by pre-arranging fewer trades and holding larger inventory; however, trading costs increase strongly with dealer centrality. Investors with strong liquidity need trade with central dealers and at times of market-wide illiquidity. Central dealers thus serve as liquidity providers of last resort. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 10 2014, 7 pp.
AU  - Li, Dan
AU  - Schurhoff, Norman
Y1  - 2014/11/10/
PY  - 2014
DA  - 2014 Nov 10
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic theory
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Cost
KW  - Investors
KW  - Inventory
KW  - Municipal bonds
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201495pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-95
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Banks, Capital Flows, and Financial Crises
AN  - 1684418907; 2011-817450
AB  - Proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result of the nonlinearity induced by the constraint. Banks' precautionary equity issuance makes financial crises infrequent events occurring along with 'regular' business cycle fluctuations. An episode of capital inflows and rapid credit expansion, triggered by low country interest rates, leads banks to endogenously decrease the rate of equity issuance, contributing to an increase in the likelihood of a crisis. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Nov 7 2014, 39 pp.
AU  - Akinci, Ozge
AU  - Queraltoy, Albert
Y1  - 2014/11/07/
PY  - 2014
DA  - 2014 Nov 07
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Social values
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic theory
KW  - Interest rates
KW  - Credit
KW  - Macroeconomics
KW  - Balance sheets
KW  - Capital
KW  - Business cycles
KW  - Banking
KW  - Equality
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1121.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1121
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Fiscal Multipliers at the Zero Lower Bound: The Role of Policy Inertia
AN  - 1684420159; 2011-817102
AB  - The presence of the lagged shadow policy rate in the interest rate feedback rule reduces the government spending multiplier nontrivially when the policy rate is constrained at the zero lower bound (ZLB). In the economy with policy inertia, increased inflation and output due to higher government spending during a recession speed up the return of the policy rate to the steady state after the recession ends. This in turn dampens the expansionary effects of the government spending during the recession via expectations. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2014, 43 pp.
AU  - Hills, Timothy S
AU  - Nakata, Taisuke
Y1  - 2014/11//
PY  - 2014
DA  - November 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Interest rates
KW  - Inflation
KW  - Regulation
KW  - Economic conditions
KW  - Decision-making
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014107pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-107
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Conservatism and Liquidity Traps
AN  - 1684419826; 2011-817104
AB  - Appointing Rogo's (1985) conservative central banker improves welfare if the economy is subject to large contractionary shocks and the policy rate occasionally falls to the zero lower bound (ZLB). In an economy with occasionally binding ZLB constraints, the anticipation of future ZLB episodes creates a trade-off between inflation and output stabilization. As a consequence, inflation systematically falls below target even when the policy rate is above zero. A conservative central banker mitigates this deflationary bias away from the ZLB, improving allocations both at and away from the ZLB through expectations. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2014, 45 pp.
AU  - Nakata, Taisuke
AU  - Schmidt, Sebastian
Y1  - 2014/11//
PY  - 2014
DA  - November 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Politics - Political ideologies and movements
KW  - Conservatism
KW  - Welfare economics
KW  - Inflation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419826?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014105pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-105
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Modeling Money Market Spreads: What Do We Learn about Refinancing Risk?
AN  - 1684419787; 2011-817097
AB  - Quantifies the effect of refinancing risk on euro area money market spreads, a major factor driving spreads during the financing crisis. With the advent of the crisis, market participants' perception of their ability to refinance over a given period of time changed radically. As a result, borrowers preferred to obtain funding for longer tenors, and lenders were willing to provide funding for shorter tenors. Results suggest that refinancing risk affects the spread significantly across time, albeit in a largely varying manner. Central bank interventions have reduced the spreads as well as the effect of refinancing risk on them. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2014, 47 pp.
AU  - Brousseau, Vincent
AU  - Nikolaou, Kleopatra
AU  - Pill, Huw
Y1  - 2014/11//
PY  - 2014
DA  - November 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - International relations - Regional organizations
KW  - Central banks
KW  - Risk
KW  - European Union
KW  - Markets
KW  - Money market
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014112pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-112
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Gains from Offshoring? Evidence from U.S. Microdata
AN  - 1684418957; 2011-817447
AB  - This study constructs a new linked data set with over one thousand offshoring events by matching Trade Adjustment Assistance program petition data to confidential data on US firm operations. It exploits these data to assess how offshoring affects domestic firm-level aggregate employment, output, wages, and productivity. Consistent with heterogenous firm models where offshoring involves a fixed cost, this study finds that the average offshoring firm is larger and more productive than the average non-offshorer. Thus, offshoring is a strong substitute for domestic activity in this large sample of offshoring events. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2014, 61 pp.
AU  - Monarch, Ryan
AU  - Park, Jooyoun
AU  - Sivadasan, Jagadeesh
Y1  - 2014/11//
PY  - 2014
DA  - November 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business organization and administration
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - United States
KW  - Outsourcing
KW  - Employment
KW  - Productivity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418957?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Monarch%2C+Ryan%3BPark%2C+Jooyoun%3BSivadasan%2C+Jagadeesh&rft.aulast=Monarch&rft.aufirst=Ryan&rft.date=2014-11-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Gains+from+Offshoring%3F+Evidence+from+U.S.+Microdata&rft.title=Gains+from+Offshoring%3F+Evidence+from+U.S.+Microdata&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1124.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1124
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Cyclically Adjusted Current Account Balances
AN  - 1684418809; 2011-817445
AB  - The Great Financial Crisis coincided with a sizable reduction in global external imbalances, defined as the absolute value of the sum of individual country current account surpluses and deficits relative to global GDP. Although current account balances should not respond to a downturn that is uniform across countries, one that hits countries with current account deficits harder than those with surpluses might result in a decline in the global balance. This paper quantifies the cyclical portion of the current account balance for 35 countries using estimates of the severity of the cycle relative to that of their trading partners. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2014, 25 pp.
AU  - Haltmaier, Jane
Y1  - 2014/11//
PY  - 2014
DA  - November 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Finance
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418809?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Spader%2C+Jonathan%3BSchuetz%2C+Jenny%3BCortes%2C+Alvaro&rft.aulast=Spader&rft.aufirst=Jonathan&rft.date=2015-08-18&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Fewer+Vacants%2C+Fewer+Crimes%3F+Impacts+of+Neighborhood+Revitalization+Policies+on+Crime&rft.title=Fewer+Vacants%2C+Fewer+Crimes%3F+Impacts+of+Neighborhood+Revitalization+Policies+on+Crime&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1126.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1126
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How Public Information Affects Asymmetrically Informed Lenders: Evidence from a Credit Registry Reform
AN  - 1684418516; 2011-817446
AB  - Exploits exogenous variation in the amount of public information available to banks about a firm to empirically evaluate the importance of adverse selection in the credit market. A 2006 reform introduced by the State Bank of Pakistan (SBP) reduced the amount of public information available to Pakistani banks about a firm's creditworthiness. After the reform, the SBP stopped providing the aggregate group-level information. The authors propose a model with differentially informed banks and adverse selection, which generates predictions on how this reform is expected to affect a bank's willingness to lend. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Nov 2014, 70 pp.
AU  - Choudhary, M Ali
AU  - Jain, Anil K
Y1  - 2014/11//
PY  - 2014
DA  - November 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Central banks
KW  - Credit
KW  - State bank of Pakistan
KW  - Pakistanis
KW  - Markets
KW  - Banking
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Choudhary%2C+M+Ali%3BJain%2C+Anil+K&rft.aulast=Choudhary&rft.aufirst=M&rft.date=2014-11-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+Public+Information+Affects+Asymmetrically+Informed+Lenders%3A+Evidence+from+a+Credit+Registry+Reform&rft.title=How+Public+Information+Affects+Asymmetrically+Informed+Lenders%3A+Evidence+from+a+Credit+Registry+Reform&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1125.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1125
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Sequential Monte Carlo sampling for DSGE models
AN  - 1646697320; 4636323
AB  - We develop a sequential Monte Carlo (SMC) algorithm for estimating Bayesian dynamic stochastic general equilibrium (DSGE) models; wherein a particle approximation to the posterior is built iteratively through tempering the likelihood. Using two empirical illustrations consisting of the Smets and Wouters model and a larger news shock model we show that the SMC algorithm is better suited for multimodal and irregular posterior distributions than the widely used random walk Metropolis-Hastings algorithm. We find that a more diffuse prior for the Smets and Wouters model improves its marginal data density and that a slight modification of the prior for the news shock model leads to drastic changes in the posterior inference about the importance of news shocks for fluctuations in hours worked. Unlike standard Markov chain Monte Carlo (MCMC) techniques; the SMC algorithm is well suited for parallel computing. Copyright © 2014 John Wiley & Sons, Ltd. Copyright John Wiley & Sons. Reproduced with Permission. An electronic version of this article is available online at http://www.interscience.wiley.com
JF  - Journal of applied econometrics
AU  - Herbst, Edward
AU  - Schorfheide, Frank
AD  - Board of Governors of the Federal Reserve System ; University of Pennsylvania
Y1  - 2014/11//
PY  - 2014
DA  - Nov 2014
SP  - 1073
EP  - 1098
VL  - 29
IS  - 7
SN  - 0883-7252, 0883-7252
KW  - Economics
KW  - Monte Carlo simulation
KW  - Stochastic processes
KW  - Economic shock
KW  - General economic equilibrium
KW  - Markovian processes
KW  - Bayesian method
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1646697320?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+applied+econometrics&rft.atitle=Sequential+Monte+Carlo+sampling+for+DSGE+models&rft.au=Herbst%2C+Edward%3BSchorfheide%2C+Frank&rft.aulast=Herbst&rft.aufirst=Edward&rft.date=2014-11-01&rft.volume=29&rft.issue=7&rft.spage=1073&rft.isbn=&rft.btitle=&rft.title=Journal+of+applied+econometrics&rft.issn=08837252&rft_id=info:doi/10.1002%2Fjae.2397
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-01-20
N1  - Last updated - 2015-01-20
N1  - SubjectsTermNotLitGenreText - 8268 12265 3865 4025 10214 12224 971 12228 10919; 1512 3865 4025; 5436 4375; 12265 3865 4025 10214 12224 971 12228 10919; 7747 12265 3865 4025 10214 12224 971 12228 10919; 4002 3980 9965
DO  - http://dx.doi.org/10.1002/jae.2397
ER  - 



TY  - JOUR
T1  - Practical tools for policy analysis in DSGE models with missing shocks
AN  - 1646697291; 4636326
AB  - In this paper we analyze the propagation of shocks originating in sectors that are not present in a baseline dynamic stochastic general equilibrium (DSGE) model. Specifically, we proxy the missing sector through a small set of factors that feed into the structural shocks of the DSGE model to create correlated disturbances. We estimate the factor structure by either matching impulse responses of the augmented DSGE model to those generated by an auxiliary model or by using Bayesian techniques. We apply this methodology to track the effects of oil shocks and housing demand shocks in models without energy or housing sectors. Copyright &#169 ; 2014 John Wiley & Sons, Ltd. Copyright John Wiley & Sons. Reproduced with Permission. An electronic version of this article is available online at http://www.interscience.wiley.com
JF  - Journal of applied econometrics
AU  - Lipińska, Anna
AU  - Caldara, Dario
AU  - Harrison, Richard
AD  - Board of Governors of the Federal Reserve System ; Bank of England
Y1  - 2014/11//
PY  - 2014
DA  - Nov 2014
SP  - 1145
EP  - 1163
VL  - 29
IS  - 7
SN  - 0883-7252, 0883-7252
KW  - Economics
KW  - Equilibrium models
KW  - Stochastic models
KW  - Housing
KW  - Policy analysis
KW  - Demand shock
KW  - Bayesian method
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1646697291?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Zer%2C+Ilknur&rft.aulast=Zer&rft.aufirst=Ilknur&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Information+Disclosures%2C+Default+Risk%2C+and+Bank+Value&rft.title=Information+Disclosures%2C+Default+Risk%2C+and+Bank+Value&rft.issn=&rft_id=info:doi/
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2015-01-20
N1  - Last updated - 2015-01-20
N1  - SubjectsTermNotLitGenreText - 9617 971; 4377; 1512 3865 4025; 6045 5706; 12263 8163; 3385 3371 3934 12402 4025
DO  - http://dx.doi.org/10.1002/jae.2409
ER  - 



TY  - JOUR
T1  - Legal Developments: Third Quarter, 2014
AN  - 1622315783
AB  - This article presents several orders issued under Section 3 of the Bank Holding Company Act (BHC Act), section 4 of the BHC Act, section 18(c) of the Federal Deposit Insurance Act (Bank Merger Act), and section 9 of the Federal Reserve Act in the Third Quarter of 2014. These involved: Old National Bancorp, Evansville, IN; Chemical Financial Corp, Midland, MI; ANB Bank, Denver, CO; and Regions Bank, Birmingham, AL, respectively.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2014/11//
PY  - 2014
DA  - Nov 2014
SP  - 1
EP  - 39
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 100
IS  - 5
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank holding companies
KW  - State banks
KW  - Bank acquisitions & mergers
KW  - Bank Holding Company Act 1956-US
KW  - Bank Merger Act 1960-US
KW  - Federal Reserve Act 1913-US
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 4320:Legislation
KW  - 9190:United States
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1622315783?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Third+Quarter%2C+2014&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2014-11-01&rft.volume=100&rft.issue=5&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Old National Bancorp-Evansville IN; Chemical Financial Corp; ANB Bank-Denver CO; Regions Bank-Birmingham AL
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Nov 2014
N1  - Document feature - References
N1  - Last updated - 2014-11-11
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Generating Options-Implied Probability Densities to Understand Oil Market Events
AN  - 1684417507; 2011-817449
AB  - Investigates the informational content of options-implied probability density functions (PDFs) for the future price of oil. Using a semiparametric variant of the methodology in Breeden and Litzenberger (1978), the authors investigate the fit and smoothness of distributions derived from alternative PDF estimation methods and develop a set of robust summary statistics. Using PDFs estimated around episodes of high geopolitical tensions, oil supply disruptions, and macroeconomic data releases, the study explores the extent to which oil price movements are expected or unexpected, and whether agents believe these movements to be persistent or temporary. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 29 2014, 48 pp.
AU  - Datta, Deepa Dhume
AU  - Londono, Juan M
AU  - Ross, Landon J
Y1  - 2014/10/29/
PY  - 2014
DA  - 2014 Oct 29
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic theory
KW  - Statistics
KW  - Prices
KW  - Macroeconomics
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684417507?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Datta%2C+Deepa+Dhume%3BLondono%2C+Juan+M%3BRoss%2C+Landon+J&rft.aulast=Datta&rft.aufirst=Deepa&rft.date=2014-10-29&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Generating+Options-Implied+Probability+Densities+to+Understand+Oil+Market+Events&rft.title=Generating+Options-Implied+Probability+Densities+to+Understand+Oil+Market+Events&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1122.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1122
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register
AN  - 1684419693; 2011-817094
AB  - Examines the impact of banks' liquidity risk management on secondary loan sales. The study tracks the dynamics of bank loan share ownership in the secondary market using data from the Shared National Credit Program, a credit register of syndicated bank loans administered by US regulators. It analyzes the 2007-2009 financial crisis as a market-wide liquidity shock and control for loan demand using a loan-year fixed effects approach. Banks with greater reliance on wholesale funding at the onset of the crisis were more likely to exit loan syndicates during the crisis. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 28 2014, 66 pp.
AU  - Irani, Rustom M
AU  - Meisenzahl, Ralf R
Y1  - 2014/10/28/
PY  - 2014
DA  - 2014 Oct 28
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Business management
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - United States
KW  - Sales
KW  - Risk management
KW  - Bank loans
KW  - Finance
KW  - Loans
KW  - Credit
KW  - Markets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419693?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Irani%2C+Rustom+M%3BMeisenzahl%2C+Ralf+R&rft.aulast=Irani&rft.aufirst=Rustom&rft.date=2014-10-28&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Loan+Sales+and+Bank+Liquidity+Risk+Management%3A+Evidence+from+a+U.S.+Credit+Register&rft.title=Loan+Sales+and+Bank+Liquidity+Risk+Management%3A+Evidence+from+a+U.S.+Credit+Register&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015001pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2015-001
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Pricing Decisions in an Experimental Dynamic Stochastic General Equilibrium Economy
AN  - 1684420241; 2011-817116
AB  - Constructs experimental economies, populated with human subjects, with a structure based on a nonlinear version of the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model. The study analyzes the behavior of firms' pricing decisions in four different experimental economies. There is inertia in price setting; firms integrate wage increases into their prices, and there is evidence of adaptive behavior in price-setting in the laboratory economy. The hazard function for price changes, however, is upward-sloping, in contrast to most empirical studies. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 24 2014, 26 pp.
AU  - Noussair, Charles N
AU  - Pfajfar, Damjan
AU  - Zsiros, Janos
Y1  - 2014/10/24/
PY  - 2014
DA  - 2014 Oct 24
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Science and technology policy - Science and science policy and research
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Laboratories
KW  - Prices
KW  - Economic policy
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420241?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Noussair%2C+Charles+N%3BPfajfar%2C+Damjan%3BZsiros%2C+Janos&rft.aulast=Noussair&rft.aufirst=Charles&rft.date=2014-10-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Pricing+Decisions+in+an+Experimental+Dynamic+Stochastic+General+Equilibrium+Economy&rft.title=Pricing+Decisions+in+an+Experimental+Dynamic+Stochastic+General+Equilibrium+Economy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201493pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-93
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financial Frictions and Macroeconomic Fluctuations in Emerging Economies
AN  - 1684418908; 2011-817451
AB  - Estimated dynamic models of business cycles in emerging markets deliver counterfactual predictions for the country risk premium. In particular, the country interest rate predicted by these models is acyclical or procyclical, whereas it is countercyclical in the data. This paper proposes and estimates a small open economy model of the emerging-market business cycle in which a time-varying country risk premium emerges endogenously. The paper finds the predicted contribution of nonstationary productivity shocks in explaining output variations falls between the extremely high and extremely low values reported in the literature. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 24 2014, 17 pp.
AU  - Akinci, Ozge
Y1  - 2014/10/24/
PY  - 2014
DA  - 2014 Oct 24
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Economic conditions and policy - Economic conditions
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic theory
KW  - Interest rates
KW  - Country risk
KW  - Macroeconomics
KW  - Business cycles
KW  - Developing countries
KW  - Productivity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418908?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Martin%2C+Robert%3BMunyan%2C+Teyanna%3BWilson%2C+Beth+Anne&rft.aulast=Martin&rft.aufirst=Robert&rft.date=2015-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Potential+Output+and+Recessions%3A+Are+We+Fooling+Ourselves%3F&rft.title=Potential+Output+and+Recessions%3A+Are+We+Fooling+Ourselves%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1120.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1120
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financing Constraints and Unemployment: Evidence from the Great Recession
AN  - 1684420304; 2011-817117
AB  - Exploiting the differential financing needs across industrial sectors, this paper shows that financing constraints of small businesses in the US are one of the drivers explaining the unemployment dynamics during the Great Recession. It shows that workers in small firms are more likely to become unemployed during the 2007-2009 financial crisis if they work in industries with high external financing needs. There are very similar results for the 1990-1991 recession, but not for the 2001 recession, where only the former was associated with a reduction in loan supply. These findings further support the credit constraints hypothesis. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 22 2014, 53 pp.
AU  - Duygan-Bump, Burcu
AU  - Levkov, Alexey
AU  - Montoriol-Garriga, Judit
Y1  - 2014/10/22/
PY  - 2014
DA  - 2014 Oct 22
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Business and service sector - Business finance
KW  - United States
KW  - Finance
KW  - Loans
KW  - Unemployment
KW  - Credit
KW  - Small business
KW  - Economic conditions
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420304?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Duygan-Bump%2C+Burcu%3BLevkov%2C+Alexey%3BMontoriol-Garriga%2C+Judit&rft.aulast=Duygan-Bump&rft.aufirst=Burcu&rft.date=2014-10-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financing+Constraints+and+Unemployment%3A+Evidence+from+the+Great+Recession&rft.title=Financing+Constraints+and+Unemployment%3A+Evidence+from+the+Great+Recession&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201492pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-92
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Inflation Experience and Inflation Expectations: Dispersion and Disagreement within Demographic Groups
AN  - 1684419402; 2011-817120
AB  - Using consumption data from the Consumer Expenditure Survey, this study documents persistent differences across demographic groups in the dispersion of household-specific rates of inflation. Using survey data on inflation expectations, it shows that demographic groups with greater dispersion in experienced inflation also disagree more about future inflation. These results can be rationalized from the perspective of an imperfect information model in which idiosyncratic inflation experience serves as a signal about aggregate inflation. These empirical regularities pose a challenge to several other popular models of the expectations formation process of households. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Oct 22 2014, 32 pp.
AU  - Johannsen, Benjamin K
Y1  - 2014/10/22/
PY  - 2014
DA  - 2014 Oct 22
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Consumers and consumption
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Households
KW  - Appropriations and expenditures
KW  - Consumption
KW  - Surveys
KW  - Inflation
KW  - Consumers
KW  - Demographics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419402?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Johannsen%2C+Benjamin+K&rft.aulast=Johannsen&rft.aufirst=Benjamin&rft.date=2014-10-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Inflation+Experience+and+Inflation+Expectations%3A+Dispersion+and+Disagreement+within+Demographic+Groups&rft.title=Inflation+Experience+and+Inflation+Expectations%3A+Dispersion+and+Disagreement+within+Demographic+Groups&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201489pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-89
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Homeowner Balance Sheets and Monetary Policy
AN  - 1684420257; 2011-817111
AB  - Using non-public geocoded microdata from the Consumer Expenditures Survey, house price and consumption responses are compared across areas differing in local land availability and zoning laws to identify a marginal propensity to consume (MCP) out of housing of 0.07. Homeowners with debt service ratios in the highest quartile have MPCs as high as 0.14 compared with negligible responses for those with low debt service ratios. This indicates a strong role for collateral effects, as opposed to pure wealth effects, in driving the relationship between home values and spending. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 21 2014, 40 pp.
AU  - Aladangady, Aditya
Y1  - 2014/10/21/
PY  - 2014
DA  - 2014 Oct 21
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Accounting
KW  - Social conditions and policy - Housing
KW  - Economic conditions and policy - Property and wealth
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Economic conditions and policy - Consumers and consumption
KW  - Law and ethics - Law and jurisprudence
KW  - Environment and environmental policy - Ecology and environmental policy
KW  - Zoning
KW  - Housing
KW  - Land
KW  - Appropriations and expenditures
KW  - Consumption
KW  - Debt
KW  - Wealth
KW  - Law
KW  - Balance sheets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420257?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Aladangady%2C+Aditya&rft.aulast=Aladangady&rft.aufirst=Aditya&rft.date=2014-10-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Homeowner+Balance+Sheets+and+Monetary+Policy&rft.title=Homeowner+Balance+Sheets+and+Monetary+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201498pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-98
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Does Education Loan Debt Influence Household Financial Distress? An Assessment Using the 2007-09 SCF Panel
AN  - 1684419333; 2011-817119
AB  - Uses the recent 2007-2009 Survey of Consumer Finances (SCF) panel to examine the influence of student loans on financial distress. Families with student loans in 2007 had higher levels of financial distress than families without such loans and were more susceptible to financial distress during the early stages of the Great Recession. Education loans enable graduates to improve their employment and earnings prospects: On average, families with education loans in the 2007-2009 SCF saw higher income growth between surveys. Families without a degree, but with education debt, drive much of the correlations between financial distress and education loans. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 16 2014, 35 pp.
AU  - Thompson, Jeffrey P
AU  - Bricker, Jesse
Y1  - 2014/10/16/
PY  - 2014
DA  - 2014 Oct 16
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Education and education policy - Education
KW  - Social conditions and policy - Marriage and family life
KW  - Education and education policy - Education financing and facilities
KW  - Business and service sector - Accounting
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Consumers and consumption
KW  - Economic conditions and policy - Economic conditions
KW  - Education
KW  - Loans
KW  - Households
KW  - Debt
KW  - Surveys
KW  - Family
KW  - Consumers
KW  - Economic conditions
KW  - Student loans
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419333?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Thompson%2C+Jeffrey+P%3BBricker%2C+Jesse&rft.aulast=Thompson&rft.aufirst=Jeffrey&rft.date=2014-10-16&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Does+Education+Loan+Debt+Influence+Household+Financial+Distress%3F+An+Assessment+Using+the+2007-09+SCF+Panel&rft.title=Does+Education+Loan+Debt+Influence+Household+Financial+Distress%3F+An+Assessment+Using+the+2007-09+SCF+Panel&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201490pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-90
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Limited Deposit Insurance Coverage and Bank Competition
AN  - 1684419844; 2011-817110
AB  - Deposit insurance designs in many countries place a limit on the coverage of deposits in each bank; however, no limits are placed on the number of accounts held with different banks. Therefore, under limited deposit insurance, some consumers open accounts with different banks to achieve higher or full deposit insurance coverage. This study compares three regimes of deposit insurance: No deposit insurance, unlimited deposit insurance, and limited deposit insurance. It demonstrates that limited deposit insurance weakens competition among banks and reduces total welfare relative to no or unlimited deposit insurance. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 15 2014, 40 pp.
AU  - Shy, Oz
AU  - Stenbacka, Rune
AU  - Yankov, Vladimir
Y1  - 2014/10/15/
PY  - 2014
DA  - 2014 Oct 15
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Insurance
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Consumers and consumption
KW  - Welfare economics
KW  - Consumers
KW  - Banking
KW  - Competition
KW  - Insurance
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419844?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Shy%2C+Oz%3BStenbacka%2C+Rune%3BYankov%2C+Vladimir&rft.aulast=Shy&rft.aufirst=Oz&rft.date=2014-10-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Limited+Deposit+Insurance+Coverage+and+Bank+Competition&rft.title=Limited+Deposit+Insurance+Coverage+and+Bank+Competition&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201499pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-99
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bitcoin: Technical Background and Data Analysis
AN  - 1684419320; 2011-817105
AB  - This paper provides the necessary technical background to understand basic Bitcoin operations and documents a set of empirical regularities related to Bitcoin usage. It presents the micro-structure of the Bitcoin transaction process and highlights the use of cryptography for the purposes of transaction security and distributed maintenance of a ledger. Using publicly available transaction-level data, this study examines patterns of general usage together with usage by Satoshi Dice, the largest online gambling service using Bitcoin as the method of payment. The analysis suggests that less than 50% of all bitcoins in circulation are used in transactions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 7 2014, 38 pp.
AU  - Badev, Anton
AU  - Chen, Matthew
Y1  - 2014/10/07/
PY  - 2014
DA  - 2014 Oct 07
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Leisure, recreation, and hobbies
KW  - Government - Information policy
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Banking operations and services
KW  - Gambling
KW  - Cryptography
KW  - Payment
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419320?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Badev%2C+Anton%3BChen%2C+Matthew&rft.aulast=Badev&rft.aufirst=Anton&rft.date=2014-10-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Bitcoin%3A+Technical+Background+and+Data+Analysis&rft.title=Bitcoin%3A+Technical+Background+and+Data+Analysis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014104pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-104
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Federal Reserve's Tools for Policy Normalization in a Preferred Habitat Model of Financial Markets
AN  - 1684420150; 2011-817373
AB  - This paper develops a model of the financial system that provides a framework for analyzing monetary policy implementation in a world with multiple Federal Reserve liabilities and a superabundant supply of reserves. The analysis demonstrates that the Federal Reserve's suite of policy tools including interest on excess reserves (IOER), overnight and term reverse repurchase agreements, and term deposits should allow the Federal Reserve to raise the level of short-term interest rates at the appropriate time. The model also demonstrates that these tools could be used in different ways to achieve any given desired level of interest rates. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2014, 37 pp.
AU  - Chen, Han
AU  - Clouse, Jim
AU  - Ihrig, Jane
AU  - Klee, Elizabeth
Y1  - 2014/10//
PY  - 2014
DA  - October 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Public finance
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Interest rates
KW  - Liability
KW  - Markets
KW  - Monetary policy
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201483pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-83
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants
AN  - 1684419959; 2011-817435
AB  - Using a regression discontinuity design, this study provides evidence that incentive conflicts between firms and their creditors have a large impact on employees. There are sharp and substantial employment cuts following loan covenant violations, when creditors exercise their ex post control rights. The negative impact of violations on employment is stronger for firms that face more severe agency and financing frictions and those whose employees have weaker bargaining power. The analysis establishes an endogeneity-free link between financing frictions and employment and offers direct evidence that binding financial covenants are an important amplification mechanism of economic downturns. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2014, 43 pp.
AU  - Liang, Nellie
AU  - Falato, Antonio
Y1  - 2014/10//
PY  - 2014
DA  - October 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Labor conditions and policy - Work and labor
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Public safety and security
KW  - International relations - War
KW  - Politics - Political dissent and internal conflict
KW  - Risk
KW  - Loans
KW  - Employees
KW  - Employment
KW  - Conflict
KW  - Economic conditions
KW  - Economic stabilization
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Liang%2C+Nellie%3BFalato%2C+Antonio&rft.aulast=Liang&rft.aufirst=Nellie&rft.date=2014-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Do+Creditor+Rights+Increase+Employment+Risk%3F+Evidence+from+Loan+Covenants&rft.title=Do+Creditor+Rights+Increase+Employment+Risk%3F+Evidence+from+Loan+Covenants&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201461/201461pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-61
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Diffusion of Containerization
AN  - 1684419307; 2011-817121
AB  - Uses a newly constructed, comprehensive dataset to investigate the diffusion of containerization. Country adoption is exceptionally fast while firm usage increases more slowly. To guide the empirical investigation, the study builds a multi-country trade model with endogenous adoption of a new transportation technology that is consistent with these facts. Testing empirically the predictions of the model finds that (1) usage of containerization increases with firms' fixed costs and the size and average income of the container network and (2) adoption depends on expected future usage, adoption costs, and trade with the US, the first and largest user of containerization. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2014, 63 pp.
AU  - Rua, Gisela
Y1  - 2014/10//
PY  - 2014
DA  - October 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic theory
KW  - Transportation and transportation policy - Transportation
KW  - Business and service sector - Accounting
KW  - Administration of justice - Police and law enforcement
KW  - Science and technology policy - Technology and technology policy
KW  - United States
KW  - Cost
KW  - Investigation
KW  - Transportation
KW  - Technology
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419307?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rua%2C+Gisela&rft.aulast=Rua&rft.aufirst=Gisela&rft.date=2014-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Diffusion+of+Containerization&rft.title=Diffusion+of+Containerization&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201488pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-88
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Replacement of Safe Assets: Evidence from the U.S. Bond Portfolio
AN  - 1684417465; 2011-817448
AB  - The expansion in financial sector 'safe' assets, largely in the form of structured products from the US and the Caribbean, in the lead-up to the global financial crisis has by now been fairly well documented. This study shows that since the crisis, it is mostly the foreign financial sector that appears to have met US demand for safe and liquid investment assets by expanding its supply of debt securities. These findings have led to a decline in home bias in the US financial bond portfolio that the researchers are able to document for the first time. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2014, 47 pp.
AU  - Bertaut, Carol
AU  - Tabova, Alexandra
AU  - Wong, Vivian
Y1  - 2014/10//
PY  - 2014
DA  - October 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - United States
KW  - Finance
KW  - Bonds
KW  - Assets
KW  - Foreign investments
KW  - Debt
KW  - Caribbean region
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684417465?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bertaut%2C+Carol%3BTabova%2C+Alexandra%3BWong%2C+Vivian&rft.aulast=Bertaut&rft.aufirst=Carol&rft.date=2014-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Replacement+of+Safe+Assets%3A+Evidence+from+the+U.S.+Bond+Portfolio&rft.title=The+Replacement+of+Safe+Assets%3A+Evidence+from+the+U.S.+Bond+Portfolio&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1123.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1123
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Swaption pricing in affine and other models
AN  - 1613946264; 4609542
AB  - This paper shows that Singleton and Umantsev's method for swaption pricing in affine models can be simplified and extended to other models. Two alternative methods for approximating the option exercise boundary are introduced: one based on the multivariate Taylor series expansion, and the other based on duration&#8208 ;matched zero-coupon bond approximation. Applied to affine models and quadratic-Gaussian models, these methods are found to give accurate swaption prices. Reprinted by permission of Blackwell Publishers
JF  - Mathematical finance
AU  - Kim, Don H
AD  - Board of Governors of the Federal Reserve System
Y1  - 2014/10//
PY  - 2014
DA  - Oct 2014
SP  - 790
EP  - 820
VL  - 24
IS  - 4
SN  - 0960-1627, 0960-1627
KW  - Economics
KW  - Pricing
KW  - Bonds
KW  - Multivariate analysis
KW  - Economic models
KW  - International finance
KW  - Methodology
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1613946264?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Mathematical+finance&rft.atitle=Swaption+pricing+in+affine+and+other+models&rft.au=Kim%2C+Don+H&rft.aulast=Kim&rft.aufirst=Don&rft.date=2014-10-01&rft.volume=24&rft.issue=4&rft.spage=790&rft.isbn=&rft.btitle=&rft.title=Mathematical+finance&rft.issn=09601627&rft_id=info:doi/10.1111%2Fmafi.12014
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2014-10-20
N1  - Last updated - 2014-10-20
N1  - SubjectsTermNotLitGenreText - 10119; 6727 4908 6725 4025; 7994; 8379 12224 971; 1696; 3969 8163
DO  - http://dx.doi.org/10.1111/mafi.12014
ER  - 



TY  - BOOK
T1  - Macroeconomic Policy Games
AN  - 1684419422; 2011-817122
AB  - Strategic interactions between policymakers arise whenever each policymaker has distinct objectives. Deviating from full cooperation can result in large welfare losses. To facilitate the study of strategic interactions, this study develops a toolbox that characterizes the welfare-maximizing cooperative Ramsey policies under full commitment and open-loop Nash games. Two examples for the use of the toolbox offer some novel results. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 23 2014, 57 pp.
AU  - Bodenstein, Martin
AU  - Guerrieri, Luca
AU  - LaBriola, Joe
Y1  - 2014/09/23/
PY  - 2014
DA  - 2014 Sep 23
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic policy
KW  - Welfare economics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419422?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bodenstein%2C+Martin%3BGuerrieri%2C+Luca%3BLaBriola%2C+Joe&rft.aulast=Bodenstein&rft.aufirst=Martin&rft.date=2014-09-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Macroeconomic+Policy+Games&rft.title=Macroeconomic+Policy+Games&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201487pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-87
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Identifying the Stance of Monetary Policy at the Zero Lower Bound: A Markov-switching Estimation Exploiting Monetary-Fiscal Policy Interdependence
AN  - 1684420178; 2011-817112
AB  - Proposes an econometric technique to estimate a Markov-switching Taylor rule subject to the zero lower bound of interest rates. It shows that incorporating a Tobit-like specification obtains consistent estimators. Linking the switching of the Taylor rule coefficients to the switching of the coefficients of an auxiliary uncensored Markov-switching regression improves the identification of an otherwise unidentifiable prevalent monetary regime. The chosen auxiliary Markov-switching regression is a fiscal policy rule where federal revenues react to debt and the output gap. There is evidence of policy co-movements with debt-stabilizing fiscal policy more likely accompanying active monetary policy, and vice versa. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 19 2014, 30 pp.
AU  - Gonzalez-Astudillo, Manuel
Y1  - 2014/09/19/
PY  - 2014
DA  - 2014 Sep 19
PB  - Board of Governors of the Federal Reserve System
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic research
KW  - Interest rates
KW  - Debt
KW  - Econometrics
KW  - Regulation
KW  - Fiscal policy
KW  - Monetary policy
KW  - Decision-making
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gonzalez-Astudillo%2C+Manuel&rft.aulast=Gonzalez-Astudillo&rft.aufirst=Manuel&rft.date=2014-09-19&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Identifying+the+Stance+of+Monetary+Policy+at+the+Zero+Lower+Bound%3A+A+Markov-switching+Estimation+Exploiting+Monetary-Fiscal+Policy+Interdependence&rft.title=Identifying+the+Stance+of+Monetary+Policy+at+the+Zero+Lower+Bound%3A+A+Markov-switching+Estimation+Exploiting+Monetary-Fiscal+Policy+Interdependence&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201497pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-97
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - An Industrial Organization Approach to International Portfolio Diversification: Evidence from the U.S. Mutual Fund Families
AN  - 1684420156; 2011-817377
AB  - Although the lack of international portfolio diversification has long interested the financial economics literature, the role of financial intermediaries in the market for diversified portfolios has rarely been studied. This paper introduces a microeconomic aspect of under-diversification by examining a new data on US-based mutual fund families' global diversification. It documents the fund families' investments in global equity markets and explores features of supply and demand in the mutual fund market to explain their limited global diversification. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 17 2014, 59 pp.
AU  - Shin, Chae Hee
Y1  - 2014/09/17/
PY  - 2014
DA  - 2014 Sep 17
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Marriage and family life
KW  - Banking and public and private finance - Investments and securities
KW  - Law and ethics - Ethics
KW  - Economic conditions and policy - Economic theory
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Investments
KW  - Family
KW  - Markets
KW  - Supply and demand
KW  - Industrial organization
KW  - Equity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420156?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Shin%2C+Chae+Hee&rft.aulast=Shin&rft.aufirst=Chae&rft.date=2014-09-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=An+Industrial+Organization+Approach+to+International+Portfolio+Diversification%3A+Evidence+from+the+U.S.+Mutual+Fund+Families&rft.title=An+Industrial+Organization+Approach+to+International+Portfolio+Diversification%3A+Evidence+from+the+U.S.+Mutual+Fund+Families&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201478pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-78
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bank Liquidity and Capital Regulation in General Equilibrium
AN  - 1684419405; 2011-817371
AB  - Develops a nonlinear dynamic general equilibrium model with a banking sector to study the macroeconomic impact of introducing a minimum liquidity standard for banks. The model generates a distribution of bank sizes arising from differences in banks' ability to generate revenue from loans and from occasionally binding capital and liquidity constraints. The liquidity requirement leads to a steady-state decrease of about 3% in the amount of loans made, an increase in banks' holdings of securities of at least 6%, a fall in the interest rate on securities of a few basis points, and a decline in output of about 0.3%. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 12 2014, 37 pp.
AU  - Covas, Francisco
AU  - Driscoll, John C
Y1  - 2014/09/12/
PY  - 2014
DA  - 2014 Sep 12
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic theory
KW  - Interest rates
KW  - Loans
KW  - Macroeconomics
KW  - Standards
KW  - Capital
KW  - Revenue
KW  - Regulation
KW  - Banking
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201485pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-85
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bank Interventions and Options-based Systemic Risk: Evidence from the Global and Euro-area Crisis
AN  - 1684418818; 2011-817454
AB  - Using a novel dataset on central bank interventions to financial institutions, this study examines the impact of capital injection announcements on systemic risk for the banking sector in the US and the euro area between 2008 and 2013. It proposes a new measure of options-based systemic risk called downside correlation risk premium (DCRP), which quantifies the compensation investors demand for being exposed to the risk of large correlated drops in bank stock prices. It finds that, irrespective of their characteristics, intervention announcements significantly reduce DCRP in the US while for the euro area, interventions were largely unsuccessful at reducing DCRP. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 4 2014, 30 pp.
AU  - Londono, Juan M
AU  - Tian, Mary
Y1  - 2014/09/04/
PY  - 2014
DA  - 2014 Sep 04
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Banking operations and services
KW  - International relations - Regional organizations
KW  - Banking and public and private finance - Central banks
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Property and wealth
KW  - Central banks
KW  - United States
KW  - Risk
KW  - Investors
KW  - European Union
KW  - Prices
KW  - Stocks
KW  - Capital
KW  - Banking
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1117.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1117
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Returning to the Nest: Debt and Parental Co-residence among Young Adults
AN  - 1684419853; 2011-817375
AB  - This paper examines the relationship between a young adults' debt burden and the decision to co-reside with a parent. Using a quarterly panel of young adults' credit histories, and controlling for age, county, and quarter fixed effects, and local demographic characteristics, unemployment rates, and house prices, it estimates the relationship between current period debt and subsequent decisions to co-reside with a parent. The results indicate that indebtedness -- as measured by average loan balances, declining credit scores, and delinquency on accounts -- increases flows into parental coresidence. Moreover, after moving in, delinquency and low credit scores increase time spent in co-residence. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2 2014, 52 pp.
AU  - Dettling, Lisa J
AU  - Hsu, Joanne W
Y1  - 2014/09/02/
PY  - 2014
DA  - 2014 Sep 02
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Population groups, population policy, and demographics - Children and youth
KW  - Social conditions and policy - Marriage and family life
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Social conditions and policy - History
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Business finance
KW  - Unemployment
KW  - History
KW  - Loans
KW  - Prices
KW  - Credit
KW  - Debt
KW  - Young adults
KW  - Parents
KW  - Demographics
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201480pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-80
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - An Empirical Analysis of Futures Margin Changes: Determinants and Policy Implications
AN  - 1684419699; 2011-817123
AB  - Margin regulation raises two policy concerns. First, an alignment of margins to volatility can amplify procyclicality, leading to a build-up of excess leverage in good times and a forced deleverage in bad times. Second, competition among central counterparties (CCPs) can result in lower margin levels in order to attract more trading volume, which is referred to as a 'race to the bottom.' This study empirically analyzes the determinants of margin changes by using a data set of various futures margins from Chicago Mercantile Exchange (CME) Group. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2 2014, 45 pp.
AU  - Abruzzo, Nicole
AU  - Park, Yang-Ho
Y1  - 2014/09/02/
PY  - 2014
DA  - 2014 Sep 02
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Chicago mercantile exchange
KW  - Regulation
KW  - Competition
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201486pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-86
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Labor Force Participation: Recent Developments and Future Prospects
AN  - 1684420260; 2011-817438
AB  - Since 2007, the labor force participation rate has fallen from about 66% to about 63%. The sources of this decline have been widely debated among academics and policymakers, with some arguing that the participation rate is depressed due to weak labor demand while others argue that the decline was inevitable due to structural forces such as the aging of the population. This paper uses a variety of approaches to assess reasons for the decline in participation and finds that much -- but not all -- of the decline in the labor force participation rate since 2007 is structural in nature. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2014, 69 pp.
AU  - Aaronson, Stephanie
AU  - Cajner, Tomaz
AU  - Fallick, Bruce
AU  - Galbis-Reig, Felix
AU  - Smith, Christopher L
AU  - Wascher, William
Y1  - 2014/09//
PY  - 2014
DA  - September 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Work and labor
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Population aging
KW  - Labor
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201464/201464pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-64
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Auto Sales and Credit Supply
AN  - 1684419970; 2011-817374
AB  - Vehicle purchases fell by more than 20% during the 2007-2009 recession, and auto loan originations fell by a third. This report shows that vehicle purchases typically account for an outsized share of the contraction in economic activity during a recession, in part because a concurrent tightening in auto lending conditions makes car purchases less affordable for many households. It explores the link between lending conditions and vehicle purchases with a novel gauge of credit supply conditions -- household perceptions of vehicle financing conditions as measured on the Reuters/University of Michigan Survey of Consumers. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2014, 40 pp.
AU  - Johnson, Kathleen W
AU  - Pence, Karen M
AU  - Vine, Daniel J
Y1  - 2014/09//
PY  - 2014
DA  - September 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Transportation and transportation policy - Roads and land transport
KW  - Manufacturing and heavy industry - Automotive industry
KW  - Education and education policy - Colleges and universities
KW  - University of Michigan
KW  - Sales
KW  - Loans
KW  - Motor vehicles
KW  - Consumer credit
KW  - Households
KW  - Credit
KW  - Consumers
KW  - Economic conditions
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201482pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-82
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Long-term Vacancy in the United States
AN  - 1684419443; 2011-817382
AB  - This paper uses long-term vacancy -- defined as nonseasonal housing units that have been vacant for an unusually long period of time -- to quantify the extent of excess supply in the housing market. It found that long-term vacancy is less than 2% of all nonseasonal housing units and accounts for only one quarter of the aggregate increase in nonseasonal vacancy from 2001 to 2011 -- Thus, at the national level, excess supply is considerably less extensive than indicated by traditional measures of vacancy. However, the stock of long-term vacant housing is concentrated in a small number of neighborhoods that do have high long-term vacancy rates. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2014, 38 pp.
AU  - Molloy, Raven
Y1  - 2014/09//
PY  - 2014
DA  - September 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Housing
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Urban conditions
KW  - Banking and public and private finance - Investments and securities
KW  - United States
KW  - Housing
KW  - Neighborhoods
KW  - Stocks
KW  - Markets
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201473pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-73
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
AN  - 1684418539; 2011-817452
AB  - Studies the impact of regional and sectoral productivity changes on the US economy in light of an environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes at the level of a sector in a given US state to the rest of the economy. The elasticities studies can vary significantly depending on the sectors and regions affected and are importantly determined by the spatial structure of the US economy. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2014, 53 pp.
AU  - Caliendo, Lorenzo
AU  - Parro, Fernando
AU  - Rossi-Hansberg, Esteban
AU  - Sarte, Pierre-Daniel
Y1  - 2014/09//
PY  - 2014
DA  - September 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - United States
KW  - Productivity
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1119.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1119
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Offshoring, Mismatch, and Labor Market Outcomes
AN  - 1684417496; 2011-817453
AB  - Studies the role of labor market mismatch in the adjustment to a trade liberalization that results in the offshoring of high-tech production. The model features two-sided heterogeneity in the labor market: high- and low-skilled workers are matched in a frictional labor market with high- and low-tech firms. When high-skilled workers choose to accept a less desirable job in the low-tech industry, it is actually beneficial for the labor market in the country doing the offshoring. Mismatch dampens both the increase in the aggregate unemployment rate and the decline in aggregate wages caused by shifting domestic production abroad. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2014, 36 pp.
AU  - Arseneau, David M
AU  - Epstein, Brendan
Y1  - 2014/09//
PY  - 2014
DA  - September 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Work and labor
KW  - Business and service sector - Business organization and administration
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Trade and trade policy - Export-import trade
KW  - Labor conditions and policy - Employment and labor supply
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Trade liberalization
KW  - Unemployment
KW  - Production
KW  - Outsourcing
KW  - Markets
KW  - Labor
KW  - Industry
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1118.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1118
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Errata
AN  - 1562451480
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2014/09//
PY  - 2014
DA  - Sep 2014
SP  - 41
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 100
IS  - 4
SN  - 00149209
KW  - Business And Economics--Banking And Finance
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Sep 2014
N1  - Last updated - 2014-09-17
N1  - CODEN - FDRBAU
ER  - 



TY  - JOUR
T1  - Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances
AN  - 1562451328
AB  - The Federal Reserve Board's triennial Survey of Consumer Finances collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. During the three years between the beginning of the 2010 and 2013 surveys, real GDP grew at an annual rate of 2.1%, the civilian unemployment rate fell from 9.9% to 7.5%, and the annual rate of change in the consumer price index averaged 2.3%. Although aggregate economic performance improved substantially relative to the period between the 2007 and 2010 surveys, the effect on incomes for different types of families was far from uniform. The improvements in economic activity along with changes in house and corporate equity prices combined to effectively stabilize average and median family net worth (wealth) between 2010 and 2013 after both measures fell dramatically between 2007 and 2010. The CoreLogic national house price index increased at an annual rate of 2.0% between early 2010 and early 2013, just below the rate of consumer price inflation.
JF  - Federal Reserve Bulletin
AU  - Bricker, Jesse
AU  - Dettling, Lisa J
AU  - Henriques, Alice
AU  - Hsu, JoanneW
AU  - Moore, Kevin B
AU  - Sabelhaus, John
AU  - Thompson, Jeffrey
AU  - Windle, Richard A
Y1  - 2014/09//
PY  - 2014
DA  - Sep 2014
SP  - 1
EP  - 40
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 100
IS  - 4
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Polls & surveys
KW  - Consumer credit
KW  - Consumer spending
KW  - Family income
KW  - Studies
KW  - United States--US
KW  - 3400:Investment analysis & personal finance
KW  - 9130:Experiment/theoretical treatment
KW  - 1110:Economic conditions & forecasts
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Sep 2014
N1  - Document feature - Graphs; Tables; Charts; References
N1  - Last updated - 2014-09-17
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Financial Business Cycles
AN  - 1684418546; 2011-817455
AB  - Using Bayesian methods, this study estimates a DSGE model where a recession is initiated by losses suffered by banks and exacerbated by their inability to extend credit to the real sector. The event triggering the recession has the workings of a redistribution shock: a small sector of the economy -- borrowers who use their home as collateral -- defaults on their loans. When banks hold little equity in excess of regulatory requirements, the losses require them to react immediately, either by recapitalizing or by deleveraging -- which transforms the initial shock into a credit crunch and amplifies and propagates the shock to the real economy. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Aug 28 2014, 44 pp.
AU  - Iacoviello, Matteo
Y1  - 2014/08/28/
PY  - 2014
DA  - 2014 Aug 28
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Social values
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Loans
KW  - Credit
KW  - Regulation
KW  - Business cycles
KW  - Economic conditions
KW  - Banking
KW  - Equality
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1116/ifdp1116.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1116
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
AN  - 1684419520; 2011-817113
AB  - This paper investigates whether mutual fund families acting as service providers in 401(k) plans display favoritism toward their own funds. Using a hand-collected dataset on retirement investment options, it shows that poorly-performing funds are less likely to be removed from and more likely to be added to a 401(k) menu if they are affiliated with the plan trustee. There is no evidence that plan participants undo this affiliation bias through their investment choices. The subsequent performance of poorly-performing affiliated funds indicates that these trustee decisions are not information driven. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 27 2014, 28 pp.
AU  - Pool, Veronika K
AU  - Sialm, Clemens
AU  - Stefanescu, Irina
Y1  - 2014/08/27/
PY  - 2014
DA  - 2014 Aug 27
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Social conditions and policy - Marriage and family life
KW  - Labor conditions and policy - Employment and labor supply
KW  - Investments
KW  - Family
KW  - Retirement
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201496pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-96
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Credit Status and College Investment: Implications for Student Loan Policies
AN  - 1684418831; 2011-817440
AB  - The private market for student loans has become an important source of college financing in the US. Unlike government student loans, the terms on student loans in the private market are based on credit status. This study quantifies the importance of the private market for student loans and of credit status for college investment in a general equilibrium heterogeneous life-cycle economy. It finds that students with good credit status invest in more college education (compared to those with bad credit status) and that this effect is more pronounced for low-income students. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 26 2014, 45 pp.
AU  - Ionescu, Felicia
AU  - Simpson, Nicole
Y1  - 2014/08/26/
PY  - 2014
DA  - 2014 Aug 26
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Education and education policy - Education financing and facilities
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Education and education policy - Education personnel and population
KW  - Banking and public and private finance - Investments and securities
KW  - Education and education policy - Education
KW  - United States
KW  - Education
KW  - Investments
KW  - Credit
KW  - Students
KW  - Markets
KW  - Student loans
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201466/201466pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-66
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Employment and Firm Heterogeneity, Capital Allocation, and Countercyclical Labor Market Policies
AN  - 1684418739; 2011-817456
AB  - Emerging and developing economies implemented a host of countercyclical labor market policies amid the global financial crisis, but data limitations on high-frequency labor and job flows prevent a detailed empirical assessment of the effectiveness of these policies. This study develops a business cycle model with frictional labor markets that is novel in light of its consistency with the employment and firm structure of emerging and developing economies to assess the aggregate impact of key countercyclical labor market policies. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 23 2014, 64 pp.
AU  - Epstein, Brendan
AU  - Shapiro, Alan Finkelstein
Y1  - 2014/08/23/
PY  - 2014
DA  - 2014 Aug 23
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Work and labor
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Finance
KW  - Capital
KW  - Employment
KW  - Business cycles
KW  - Economic conditions
KW  - Markets
KW  - Labor
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1115/ifdp1115.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1115
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Precautionary Volatility and Asset Prices
AN  - 1684420043; 2011-817433
AB  - Many theories of asset prices assume time-varying uncertainty in order to generate time-varying risk premia. This paper generates time-varying uncertainty endogenously, through precautionary saving dynamics. Precautionary motives prescribe that, in bad times, next period's consumption should be very sensitive to news. This time-varying sensitivity results in time-varying consumption volatility, with production making this channel visible, and external habit preferences amplifying it. An estimated model featuring this channel quantitatively accounts for excess return and dividend predictability regressions -- And it also matches the first two moments of excess equity returns, the risk-free rate, and the second moments of consumption, output, and investment. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 12 2014, 62 pp.
AU  - Chen, Andrew Y
Y1  - 2014/08/12/
PY  - 2014
DA  - 2014 Aug 12
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Consumers and consumption
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Media - Journalism and the news
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Social values
KW  - Banking and public and private finance - Investments and securities
KW  - Social conditions and policy - Public safety and security
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Risk
KW  - Investments
KW  - Saving
KW  - Assets
KW  - Production
KW  - Prices
KW  - Consumption
KW  - News
KW  - Equality
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201459/201459pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-59
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Returns to Active Management: The Case of Hedge Funds
AN  - 1684420269; 2011-817459
AB  - Explores whether more active hedge fund managers generate higher returns than their less active peers. Using Kalman Filter techniques, this study estimates the risk exposure dynamics of a large sample of live and dead equity long-short hedge funds to develop a measure of activeness for each hedge fund. The results show that there exists a nonlinear relationship between activeness and performance. Using raw returns as a measure of performance, it is found that more active funds outperform the less active ones -- However, when risk adjusted returns are used to measure performance, activeness is inversely related to returns. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 8 2014, 24 pp.
AU  - Kazemi, Maziar
AU  - Islamaj, Ergys
Y1  - 2014/08/08/
PY  - 2014
DA  - 2014 Aug 08
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Social conditions and policy - Social values
KW  - Risk
KW  - Equality
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kazemi%2C+Maziar%3BIslamaj%2C+Ergys&rft.aulast=Kazemi&rft.aufirst=Maziar&rft.date=2014-08-08&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Returns+to+Active+Management%3A+The+Case+of+Hedge+Funds&rft.title=Returns+to+Active+Management%3A+The+Case+of+Hedge+Funds&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1112/ifdp1112.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1112
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - What Drives the Cross-Section of Credit Spreads?: A Variance Decomposition Approach
AN  - 1684419939; 2011-817436
AB  - Decomposes the cross-sectional variation of the credit spreads for corporate bonds into changing expected returns and changing expectation of credit losses with a model-free method. Using a log-linearized pricing identity and a vector autoregression applied to micro-level data from 1973 to 2011, this study finds that the expected credit loss component and the excess return component each explains about half of the variance of the credit spreads. Unlike the market-level findings in Gilchrist and Zakrajsek (2012), at the firm level, the expected credit loss is volatile and affects the firms' investment decisions more than the expected excess returns. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2 2014, 64 pp.
AU  - Nozawa, Yoshio
Y1  - 2014/08/02/
PY  - 2014
DA  - 2014 Aug 02
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Investments
KW  - Bonds
KW  - Credit
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201462/201462pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-62
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - In Search of a Risk-free Asset
AN  - 1684419648; 2011-817101
AB  - To attract retail time deposits, over 7,000 FDIC-insured US commercial banks publicly post their yield offers. This study documents an economically sizable and highly pro-cyclical cross-sectional dispersion in these yield offers during the period 1997-2011. Banks adjusted their yields rigidly and asymmetrically with median duration of 7 weeks in response to increasing or constant Fed Funds rate target regimes and 3 weeks during regimes of decreasing Fed Fund rate target. The study investigates to what extent information (search) costs on the part of the investors in this market can explain the observed pricing behavior. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2 2014, 50 pp.
AU  - Yankov, Vladimir
Y1  - 2014/08/02/
PY  - 2014
DA  - 2014 Aug 02
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic theory
KW  - Banking and public and private finance - Investments and securities
KW  - Cost
KW  - United States
KW  - Investors
KW  - Assets
KW  - Markets
KW  - Banking
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014108pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-108
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Domestic and International Effects of Interstate U.S. Banking
AN  - 1684420282; 2011-817460
AB  - This paper studies the domestic and international effects of national bank market integration in a two-country, dynamic, stochastic, general equilibrium model with endogenous producer entry. Integration of banking across localities reduces the degree of local monopoly power of financial intermediaries. The economy that implements this form of deregulation experiences increased producer entry, real exchange rate appreciation, and a current account deficit. The foreign economy experiences a long-run increase in GDP and consumption. Bank market integration thus contributes to moderation of firm-level and aggregate output volatility. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2014, 40 pp.
AU  - Cacciatore, Matteo
AU  - Ghironi, Fabio
AU  - Stebunovs, Viktors
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business and business enterprises
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Consumers and consumption
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Monopoly
KW  - Deregulation
KW  - Foreign exchange rates
KW  - Consumption
KW  - Markets
KW  - Banking
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1111/ifdp1111.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1111
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effects of Unemployment Benefits on Unemployment and Labor Force Participation: Evidence from 35 Years of Benefits Extensions
AN  - 1684419843; 2011-817439
AB  - This paper presents estimates of the effect of emergency and extended unemployment benefits (EEB) on the unemployment rate and the labor force participation rate using a data set containing information on individuals likely eligible and ineligible for EEB back to the late 1970s. To identify these estimates, the study examines how exit rates from unemployment change across different points of the distribution of unemployment duration when EEB is and is not available, controlling for changes in labor demand and demographic characteristics. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2014, 40 pp.
AU  - Figura, Andrew
AU  - Barnichon, Regis
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Labor conditions and policy - Work and labor
KW  - Unemployment
KW  - Benefits
KW  - Demographics
KW  - Labor
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201465/201465pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-65
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Signaling Status: The Impact of Relative Income on Household Consumption and Financial Decisions
AN  - 1684419542; 2011-817379
AB  - This paper investigates the importance of status in household consumption and financial decisions using household data from the Survey of Consumer Finances (SCF) linked to neighborhood data in the American Community Survey (ACS). It found evidence that a household's income rank -- its position in the income distribution relative to its close neighbors -- is positively associated with its expenditures on high status cars, its level of indebtedness, as well as the riskiness of the household's portfolio. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2014, 49 pp.
AU  - Bricker, Jesse
AU  - Ramcharan, Rodney
AU  - Krimmel, Jacob
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Consumers and consumption
KW  - Business and service sector - Accounting
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Urban conditions
KW  - Transportation and transportation policy - Roads and land transport
KW  - Manufacturing and heavy industry - Automotive industry
KW  - Motor vehicles
KW  - Appropriations and expenditures
KW  - Households
KW  - Neighborhoods
KW  - Consumption
KW  - Surveys
KW  - Consumers
KW  - Income distribution
KW  - Income
KW  - book
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201476pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-76
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment
AN  - 1684419350; 2011-817378
AB  - The Durbin Amendment to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act alters the competitive structure of the debit card payment processing industry and caps debit card interchange fees for banks with over 10 billion dollars in assets -- possibly creating a response of increases in customer account fees and banks cutting costs by reducing staff and closing branches. This study shows that debit interchange fee income fell for treated banks, leading to a fall in noninterest income; banks only partially offset this loss with deposit fees, and treated banks neither reduced costs nor strategically avoided the 10-billion-dollar threshold. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2014, 46 pp.
AU  - Kay, Benjamin S
AU  - Manuszak, Mark D
AU  - Vojtech, Cindy M
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Banking and public and private finance - Stock and commodity exchanges
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Consumers and consumption
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Cost
KW  - Assets
KW  - Wall Street
KW  - Regulation
KW  - Banking
KW  - Consumer protection
KW  - Debit cards
KW  - Industry
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419350?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kay%2C+Benjamin+S%3BManuszak%2C+Mark+D%3BVojtech%2C+Cindy+M&rft.aulast=Kay&rft.aufirst=Benjamin&rft.date=2014-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Bank+Profitability+and+Debit+Card+Interchange+Regulation%3A+Bank+Responses+to+the+Durbin+Amendment&rft.title=Bank+Profitability+and+Debit+Card+Interchange+Regulation%3A+Bank+Responses+to+the+Durbin+Amendment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201477pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-77
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Role of Oil Price Shocks in Causing U.S. Recessions
AN  - 1684418900; 2011-817457
AB  - Although oil price shocks have long been viewed as one of the leading candidates for explaining US recessions, surprisingly little is known about the extent to which oil price shocks explain recessions. This study provides a formal analysis of this question with special attention to the possible role of net oil price increases in amplifying the transmission of oil price shocks. The researchers quantify the conditional recessionary effect of oil price shocks in the net oil price increase model for all episodes of net oil price increases since the mid-1970s. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2014, 39 pp.
AU  - Kilian, Lutz
AU  - Vigfusson, Robert J
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Politics - Elections and voting
KW  - United States
KW  - Prices
KW  - Economic conditions
KW  - Candidates
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418900?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kilian%2C+Lutz%3BVigfusson%2C+Robert+J&rft.aulast=Kilian&rft.aufirst=Lutz&rft.date=2014-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Role+of+Oil+Price+Shocks+in+Causing+U.S.+Recessions&rft.title=The+Role+of+Oil+Price+Shocks+in+Causing+U.S.+Recessions&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1114/ifdp1114.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1114
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Estimating U.S. Cross-Border Securities Positions: New Data and New Methods
AN  - 1684417487; 2011-817458
AB  - The role of capital flows in the buildup to the global financial crisis and the potential vulnerabilities posed by capital flows to emerging market economies highlight the importance of reliable and timely measures of cross-border investment activity to better monitor developments as they unfold. This study presents new monthly estimates of US cross-border securities investment, combining information from detailed annual Treasury International Capital (TIC) surveys with new information from the TIC form SLT. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2014, 51 pp.
AU  - Bertaut, Carol
AU  - Judson, Ruth
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Securities
KW  - United States
KW  - Investments
KW  - Finance
KW  - Treasury
KW  - Surveys
KW  - Capital
KW  - Economic conditions
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684417487?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bertaut%2C+Carol%3BJudson%2C+Ruth&rft.aulast=Bertaut&rft.aufirst=Carol&rft.date=2014-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Estimating+U.S.+Cross-Border+Securities+Positions%3A+New+Data+and+New+Methods&rft.title=Estimating+U.S.+Cross-Border+Securities+Positions%3A+New+Data+and+New+Methods&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1113/ifdp1113.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1113
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Second Quarter, 2014
AN  - 1561004900
AB  - Cullen/Frost Bankers Inc (Cullen/Frost), San Antonio, TX, has requested the Board's approval under section 3 of the Bank Holding Company Act (BHC Act) to merge with WNB Bancshares Inc (WNB Bancshares), and thereby acquire its subsidiary bank, Western National Bank, both of Odessa, TX. In addition, Cullen/Frost's subsidiary state member bank, Frost Bank, San Antonio, has requested the Board's approval under section 18(c) of the Federal Deposit Insurance Act to merge with Western National Bank, with Frost Bank as the surviving entity. Frost Bank also has applied under section 9 of the Federal Reserve Act to establish and operate branches at the main office and the branches of Western National Bank. Cullen/Frost, with consolidated assets of approximately $24.4 billion, is the 55th largest insured depository organization in the US, controlling approximately $20.8 billion in deposits. Cullen/Frost controls Frost Bank, which operates only in Texas.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2014/08//
PY  - 2014
DA  - Aug 2014
SP  - 1
EP  - 87
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 100
IS  - 3
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Acquisitions & mergers
KW  - Bank holding companies
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Second+Quarter%2C+2014&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2014-08-01&rft.volume=100&rft.issue=3&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Cullen-Frost Bankers Inc; Western National Bank-Odessa TX
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Aug 2014
N1  - Document feature - Tables; References
N1  - Last updated - 2014-09-10
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Bliss, Catastrophe, and Rational Policy
AN  - 1555012502; 20486514
AB  - Lotteries with infinite expected utility are inconsistent with the axioms of expected utility theory. To rule them out, either the set of permissible lotteries must be restricted (to exclude, at a minimum, "fat-tailed" distributions such as that underlying the St. Petersburg Paradox and power laws that are popular in models of climate change), or the utility function must be bounded. This note explores the second approach and proposes a number of tractable specifications leading to utility functions that are bounded both from above and below. This property is intimately related to that of increasing relative risk aversion as first hypothesized by Arrow (1965).
JF  - Environmental & Resource Economics
AU  - Arrow, Kenneth J
AU  - Priebsch, Marcel
AD  - Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus, Stanford, CA, 94305-6072, USA, marcel.a.priebsch@frb.gov
Y1  - 2014/08//
PY  - 2014
DA  - August 2014
SP  - 491
EP  - 509
PB  - Springer Science+Business Media, Van Godewijckstraat 30 Dordrecht 3311 GX Netherlands
VL  - 58
IS  - 4
SN  - 0924-6460, 0924-6460
KW  - Risk Abstracts; Sustainability Science Abstracts; Environment Abstracts
KW  - Risk aversion
KW  - Expected utility theory
KW  - Economics
KW  - Climate change
KW  - Utility theory
KW  - M3 1010:Issues in Sustainable Development
KW  - ENA 20:Weather Modification & Geophysical Change
KW  - R2 23070:Economics, organization
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1555012502?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Ariskabstracts&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Environmental+%26+Resource+Economics&rft.atitle=Bliss%2C+Catastrophe%2C+and+Rational+Policy&rft.au=Arrow%2C+Kenneth+J%3BPriebsch%2C+Marcel&rft.aulast=Arrow&rft.aufirst=Kenneth&rft.date=2014-08-01&rft.volume=58&rft.issue=4&rft.spage=491&rft.isbn=&rft.btitle=&rft.title=Environmental+%26+Resource+Economics&rft.issn=09246460&rft_id=info:doi/10.1007%2Fs10640-014-9788-6
LA  - English
DB  - ProQuest Environmental Science Collection
N1  - Date revised - 2014-08-01
N1  - Number of references - 34
N1  - Last updated - 2016-07-07
N1  - SubjectsTermNotLitGenreText - Risk aversion; Expected utility theory; Climate change; Economics; Utility theory
DO  - http://dx.doi.org/10.1007/s10640-014-9788-6
ER  - 



TY  - JOUR
T1  - Determinants of the locations of alternative financial service providers
AN  - 1554210073; 4588946
AB  - Many low-to-moderate income US households rely upon alternative financial service providers (AFSPs) for a variety of credit products and transaction services. The social welfare implications of this segment of the financial services industry are quite controversial. One aspect of the controversy involves the location decisions of AFSPs. This study examines the determinants of the locations of three types of AFSPs: payday lenders, pawnshops, and check-cashing outlets. Using county-level data for the entire country, I find that the number of AFSP outlets per capita is significantly related to demographic characteristics of the county population, measures of the population's creditworthiness, and the stringency of state laws and regulations that govern AFSPs. Reprinted by permission of Springer
JF  - Review of industrial organization
AU  - Prager, Robin A
AD  - Board of Governors of the Federal Reserve System
Y1  - 2014/08//
PY  - 2014
DA  - Aug 2014
SP  - 21
EP  - 38
VL  - 45
IS  - 1
SN  - 0889-938X, 0889-938X
KW  - Economics
KW  - Determinants
KW  - Demographic change
KW  - Credit
KW  - Social welfare
KW  - Financial services
KW  - Regulation
KW  - U.S.A.
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1554210073?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Review+of+industrial+organization&rft.atitle=Determinants+of+the+locations+of+alternative+financial+service+providers&rft.au=Prager%2C+Robin+A&rft.aulast=Prager&rft.aufirst=Robin&rft.date=2014-08-01&rft.volume=45&rft.issue=1&rft.spage=21&rft.isbn=&rft.btitle=&rft.title=Review+of+industrial+organization&rft.issn=0889938X&rft_id=info:doi/10.1007%2Fs11151-014-9421-4
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2014-08-18
N1  - Last updated - 2014-08-19
N1  - SubjectsTermNotLitGenreText - 3465 7815 971 2085 2088 10642 2688 2449 10404; 4957; 10742; 11949 13521; 3407 3412 9859; 2992; 433 293 14
DO  - http://dx.doi.org/10.1007/s11151-014-9421-4
ER  - 



TY  - BOOK
T1  - Unspanned Macroeconomic Factors in the Yield Curve
AN  - 1684419733; 2011-817431
AB  - This study extracts common factors from a cross-section of US macro-variables and Treasury zero-coupon yields. It finds that two macroeconomic factors have an important predictive content for government bond yields and excess returns. These factors are not spanned by the cross-section of yields and are well proxied by economic growth and real interest rates. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jul 30 2014, 47 pp.
AU  - Coroneo, Laura
AU  - Giannone, Domenico
AU  - Modugno, Michele
Y1  - 2014/07/30/
PY  - 2014
DA  - 2014 Jul 30
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - United States
KW  - Bonds
KW  - Treasury
KW  - Economic development
KW  - Macroeconomics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419733?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Coroneo%2C+Laura%3BGiannone%2C+Domenico%3BModugno%2C+Michele&rft.aulast=Coroneo&rft.aufirst=Laura&rft.date=2014-07-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Unspanned+Macroeconomic+Factors+in+the+Yield+Curve&rft.title=Unspanned+Macroeconomic+Factors+in+the+Yield+Curve&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201457/201457pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-57
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Tying Loan Interest Rates to Borrowers' CDS Spreads
AN  - 1684420093; 2011-817384
AB  - Investigates how the introduction of market-based pricing, the practice of tying loan interest rates to credit default swaps (CDS), has affected borrowing costs. It finds that CDS-based loans are associated with lower interest rates, both at origination and during the life of the loan. The results indicate that banks simplify the covenant structure of market-based pricing loans, suggesting that the decline in the cost of bank debt is partially explained by a reduction in monitoring costs. Market-based pricing, therefore, besides reducing the cost of bank debt, may also have adverse consequences resulting from the decline in bank monitoring. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 11 2014, 53 pp.
AU  - Ivanov, Ivan T
AU  - Santos, Joao A C
AU  - Vo, Thu
Y1  - 2014/07/11/
PY  - 2014
DA  - 2014 Jul 11
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Business and service sector - Accounting
KW  - Interest rates
KW  - Cost
KW  - Loans
KW  - Free enterprise
KW  - Credit
KW  - Debt
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420093?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ivanov%2C+Ivan+T%3BSantos%2C+Joao+A+C%3BVo%2C+Thu&rft.aulast=Ivanov&rft.aufirst=Ivan&rft.date=2014-07-11&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Tying+Loan+Interest+Rates+to+Borrowers%27+CDS+Spreads&rft.title=Tying+Loan+Interest+Rates+to+Borrowers%27+CDS+Spreads&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201470pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-70
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financial Condition and Product Market Cooperation
AN  - 1684419863; 2011-817437
AB  - Provides evidence that existing studies relating financial condition to product market cooperation produce mixed results because of unique features of the industries examined. In particular, all evidence suggesting that poor financial condition decreases cooperation comes from the airline industry during periods of high idle capacity. Using a unique data set of aggregate airfare hikes and a more recent low-idle-capacity period, this study finds that poor financial condition is positively associated with product market cooperation. Although financially weak airlines appear to value the immediate cash flows of increased cooperation, only liquidity-constrained firms seem willing to incur the cost of cooperative attempts. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2 2014, 38 pp.
AU  - Gustafson, Matthew
AU  - Ivanov, Ivan T
AU  - Ritter, John
Y1  - 2014/07/02/
PY  - 2014
DA  - 2014 Jul 02
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Cash flow
KW  - Markets
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419863?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gustafson%2C+Matthew%3BIvanov%2C+Ivan+T%3BRitter%2C+John&rft.aulast=Gustafson&rft.aufirst=Matthew&rft.date=2014-07-02&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financial+Condition+and+Product+Market+Cooperation&rft.title=Financial+Condition+and+Product+Market+Cooperation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201463/201463pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-63
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Business to Business Credit to Small Firms
AN  - 1684420299; 2011-817429
AB  - Following the financial crisis, total outstanding loans to businesses by commercial banks dropped off substantially. Large loans outstanding began to rebound by the third quarter of 2010 and essentially returned to their previous growth trajectory while small loans outstanding continued to decline. Anecdotal evidence suggests that firms used trade credit to smooth over cash flow problems. The current paper examines recent trends in trade credit use by small businesses based on a recent poll done by the Credit Research Foundation. The results highlight the importance of business-to-business credit for small businesses. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jul 2014, 19 pp.
AU  - Mach, Traci
Y1  - 2014/07//
PY  - 2014
DA  - July 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Cash flow
KW  - Finance
KW  - Business
KW  - Loans
KW  - Credit
KW  - Small business
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420299?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Mach%2C+Traci&rft.aulast=Mach&rft.aufirst=Traci&rft.date=2014-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Business+to+Business+Credit+to+Small+Firms&rft.title=Business+to+Business+Credit+to+Small+Firms&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201455/201455pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-55
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - 'The Ins and Outs of Mortgage Debt during the Housing Boom and Bust'
AN  - 1684420207; 2011-817118
AB  - From 1999 to 2013, US mortgage debt doubled and then contracted sharply. Understanding of the factors driving this volatility in the stock of debt is hampered by a lack of data on mortgage flows. Using comprehensive, individual-level panel data on consumer liabilities, this study estimates detailed mortgage inflows and outflows. During the boom, inflows from real estate investors tripled, far outpacing growth from other segments such as first-time homebuyers. During the bust, a collapse in inflows has been the major driver. Inflow declines reflect, in part, a dramatic decline in first-time homebuying. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2014, 37 pp.
AU  - Bhutta, Neil
Y1  - 2014/07//
PY  - 2014
DA  - July 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Social conditions and policy - Housing
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Economic conditions and policy - Consumers and consumption
KW  - Business and service sector - Real estate business
KW  - Banking and public and private finance - Investments and securities
KW  - United States
KW  - Investors
KW  - Housing
KW  - Real estate business
KW  - Debt
KW  - Stocks
KW  - Consumers
KW  - Liability
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420207?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bhutta%2C+Neil&rft.aulast=Bhutta&rft.aufirst=Neil&rft.date=2014-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=%27The+Ins+and+Outs+of+Mortgage+Debt+during+the+Housing+Boom+and+Bust%27&rft.title=%27The+Ins+and+Outs+of+Mortgage+Debt+during+the+Housing+Boom+and+Bust%27&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201491pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-91
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Non-linearity in the Inflation-Growth Relationship in Developing Economies: Evidence from a Semiparametric Panel Model
AN  - 1684420135; 2011-817427
AB  - Using data on developing economies, this study estimates a flexible semiparametric panel data model that incorporates potentially nonlinear effects of inflation on economic growth. It finds that inflation is associated with significantly lower growth only after it reaches about 12%, which is notably lower than the comparable estimate obtained from a threshold model. The results also suggest that models with restrictive functional form assumptions tend to underestimate marginal effects of inflation on economic growth, and significant variation in the effect of inflation on growth across countries and over time is documented. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2014, 19 pp.
AU  - Baglan, Deniz
AU  - Yoldas, Emre
Y1  - 2014/07//
PY  - 2014
DA  - July 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic development
KW  - Inflation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420135?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Baglan%2C+Deniz%3BYoldas%2C+Emre&rft.aulast=Baglan&rft.aufirst=Deniz&rft.date=2014-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Non-linearity+in+the+Inflation-Growth+Relationship+in+Developing+Economies%3A+Evidence+from+a+Semiparametric+Panel+Model&rft.title=Non-linearity+in+the+Inflation-Growth+Relationship+in+Developing+Economies%3A+Evidence+from+a+Semiparametric+Panel+Model&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201451/201451pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-51
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Firm Entry and Employment Dynamics in the Great Recession
AN  - 1684419818; 2011-817430
AB  - The 2007-2009 recession is characterized by a large drop in employment, an unprecedented decline in firm entry, and a slow recovery. Using confidential firm-level data, this study shows that financial constraints reduced employment growth in small, relative to large, firms by 4.8 to 10.5 percentage points. The effect of financial constraints is robust to controlling for aggregate demand and is particularly strong in small young firms. This study shows in a heterogeneous firms model, with endogenous firm entry and financial constraints, that a large financial shock results in a long-lasting recession caused by a 'missing generation' of entrants. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2014, 20 pp.
AU  - Siemer, Michael
Y1  - 2014/07//
PY  - 2014
DA  - July 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Economic conditions
KW  - Employment
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419818?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Siemer%2C+Michael&rft.aulast=Siemer&rft.aufirst=Michael&rft.date=2014-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Firm+Entry+and+Employment+Dynamics+in+the+Great+Recession&rft.title=Firm+Entry+and+Employment+Dynamics+in+the+Great+Recession&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201456/201456pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-56
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - The economic effects of legal restrictions on high-cost mortgages
AN  - 1539470902; 4572374
AB  - We analyze the effects of state predatory mortgage lending laws, which have been a model for recent changes in the United States federal legislation enacted to regulate the mortgage contract terms common in higher-risk mortgage market segments. Using the Rothschild-Stiglitz approach to model credit markets under asymmetric information, legal restrictions are shown to reduce the use and attractiveness of mortgage credit. Consistent with model predictions, empirical results indicate that originations of regulated high-cost mortgages were significantly less than predicted in states with more restrictive laws. The differences between predicted and actual originations of high-cost mortgages in states with less restrictive laws were not significant. These differences were also not significant for non-high-cost originations across all states. Thus, credit regulation was differentially associated with reduction in originations of high-cost mortgages, and non-high-cost lending did not consistently expand in areas where high-cost mortgages were restricted. Reprinted by permission of Springer
JF  - Journal of real estate finance and economics
AU  - Steinbuks, Jevgenijs
AU  - Elliehausen, Gregory
AD  - Purdue University ; Board of Governors of the Federal Reserve System
Y1  - 2014/07//
PY  - 2014
DA  - Jul 2014
SP  - 47
EP  - 72
VL  - 49
IS  - 1
SN  - 0895-5638, 0895-5638
KW  - Economics
KW  - Asymmetric information
KW  - Mortgage markets
KW  - Legal aspects
KW  - Mortgage credit
KW  - Credit market
KW  - Mortgage loans
KW  - Restriction
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1539470902?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+real+estate+finance+and+economics&rft.atitle=The+economic+effects+of+legal+restrictions+on+high-cost+mortgages&rft.au=Steinbuks%2C+Jevgenijs%3BElliehausen%2C+Gregory&rft.aulast=Steinbuks&rft.aufirst=Jevgenijs&rft.date=2014-07-01&rft.volume=49&rft.issue=1&rft.spage=47&rft.isbn=&rft.btitle=&rft.title=Journal+of+real+estate+finance+and+economics&rft.issn=08955638&rft_id=info:doi/10.1007%2Fs11146-013-9413-4
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2014-06-23
N1  - Last updated - 2014-06-24
N1  - SubjectsTermNotLitGenreText - 8294 2992; 7299; 10975; 1361 6515; 2998 7711; 8296 7487 4577 3872 554 971; 8298 7711
DO  - http://dx.doi.org/10.1007/s11146-013-9413-4
ER  - 



TY  - BOOK
T1  - Financial Fire Sales: Evidence from Bank Failures
AN  - 1684419441; 2011-817387
AB  - Theory suggests the reduction in financing capacity after the failure of a financial intermediary can reduce the value of financial assets. Forced sales of the intermediary's assets could consume liquidity, depressing the liquidation value of the assets of healthy intermediaries and causing contagious runs. These financial fire sales can both cause, and exacerbate, real fire sales, the focus of previous studies. This paper investigates the relevance of financial fire sales using new datasets covering bank failures during the farm depression in the US just before the Great Depression, as well as bank failures during the Great Depression. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 30 2014, 57 pp.
AU  - Ramcharan, Rodney
AU  - Rajan, Raghuram
Y1  - 2014/06/30/
PY  - 2014
DA  - 2014 Jun 30
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Environment and environmental policy - Weather, climate, and natural disasters
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Agriculture and agricultural policy - Agricultural economics and farm holdings
KW  - United States
KW  - Fires
KW  - Sales
KW  - Farms
KW  - Assets
KW  - Bank failures
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419441?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ramcharan%2C+Rodney%3BRajan%2C+Raghuram&rft.aulast=Ramcharan&rft.aufirst=Rodney&rft.date=2014-06-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financial+Fire+Sales%3A+Evidence+from+Bank+Failures&rft.title=Financial+Fire+Sales%3A+Evidence+from+Bank+Failures&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201467/201467pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-67
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies
AN  - 1684420252; 2011-817462
AB  - Investigates the effects of US unconventional monetary policies on sovereign yields, foreign exchange rates, and stock prices in emerging market economies (EMEs) and analyzes how these effects depend on country-specifc characteristics. The study finds that, although EME asset prices, mainly those of sovereign bonds, responded strongly to unconventional monetary policy announcements, these responses were not outsized with respect to a model that takes into account each country's time-varying vulnerability to US interest rates affected by monetary policy shocks. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 23 2014, 42 pp.
AU  - Bowman, David
AU  - Londono, Juan M
AU  - Sapriza, Horacio
Y1  - 2014/06/23/
PY  - 2014
DA  - 2014 Jun 23
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - United States
KW  - Bonds
KW  - Assets
KW  - Foreign exchange rates
KW  - Prices
KW  - Stocks
KW  - Developing countries
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420252?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bowman%2C+David%3BLondono%2C+Juan+M%3BSapriza%2C+Horacio&rft.aulast=Bowman&rft.aufirst=David&rft.date=2014-06-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=U.S.+Unconventional+Monetary+Policy+and+Transmission+to+Emerging+Market+Economies&rft.title=U.S.+Unconventional+Monetary+Policy+and+Transmission+to+Emerging+Market+Economies&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1109/ifdp1109.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1109
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - QE Auctions of Treasury Bonds
AN  - 1684420177; 2011-817424
AB  - The Federal Reserve (Fed) uses a unique auction mechanism to purchase US Treasury securities in implementing its quantitative easing (QE) policy. This research studies the outcomes of QE auctions and participating dealers' bidding behaviors from November 2010 to September 2011, during which the Fed purchased 780 billion dollars of Treasury securities. The data include the transaction prices and quantities of each traded bond in each auction, as well as dealers' identities. Five specific findings are described. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 16 2014, 52 pp.
AU  - Song, Zhaogang
AU  - Zhu, Haoxiang
Y1  - 2014/06/16/
PY  - 2014
DA  - 2014 Jun 16
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - United States
KW  - Securities
KW  - Auctions
KW  - Bonds
KW  - Prices
KW  - Treasury
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420177?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Song%2C+Zhaogang%3BZhu%2C+Haoxiang&rft.aulast=Song&rft.aufirst=Zhaogang&rft.date=2014-06-16&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=QE+Auctions+of+Treasury+Bonds&rft.title=QE+Auctions+of+Treasury+Bonds&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201448/201448pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-48
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Assessing Targeted Macroprudential Financial Regulation: The Case of the 2006 Commercial Real Estate Guidance for Banks
AN  - 1684419722; 2011-817425
AB  - In the mid-2000s, federal bank regulatory agencies became alarmed by steadily increasing concentrations of commercial real estate (CRE) loans at many banks, particularly loans used to finance construction and land development (CLD). In January 2006, they issued guidance that required banks with specific high concentrations in those asset classes to tighten managerial controls. This paper shows that banks with concentrations in excess of the thresholds set in the guidance subsequently experienced slower growth in their CRE and CLD portfolios than can be explained by changes in the health of their balance sheets and economic conditions. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 12 2014, 52 pp.
AU  - Bassett, William F
AU  - Marsh, W Blake
Y1  - 2014/06/12/
PY  - 2014
DA  - 2014 Jun 12
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Real estate business
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Environment and environmental policy - Ecology and environmental policy
KW  - Economic conditions and policy - Economic conditions
KW  - Finance
KW  - Assets
KW  - Land
KW  - Loans
KW  - Real estate business
KW  - Balance sheets
KW  - Regulation
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419722?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bassett%2C+William+F%3BMarsh%2C+W+Blake&rft.aulast=Bassett&rft.aufirst=William&rft.date=2014-06-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Assessing+Targeted+Macroprudential+Financial+Regulation%3A+The+Case+of+the+2006+Commercial+Real+Estate+Guidance+for+Banks&rft.title=Assessing+Targeted+Macroprudential+Financial+Regulation%3A+The+Case+of+the+2006+Commercial+Real+Estate+Guidance+for+Banks&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201449/201449pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-49
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-59
AN  - 1684418824; 2011-817421
AB  - The 1950s are often pointed to as a decade in which the Federal Reserve operated a particularly successful monetary policy. The present paper examines the evolution of Federal Reserve monetary policy from the mid-1930s through the 1950s in an effort to understand better the apparent success of policy in the 1950s. Whereas others have debated whether the Fed had a sophisticated understanding of how to implement policy, the focus is on how the constraints on the Fed changed over time. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 9 2014, 24 pp.
AU  - Carlson, Mark A
AU  - Wheelock, David C
Y1  - 2014/06/09/
PY  - 2014
DA  - 2014 Jun 09
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Social conditions and policy - Social values
KW  - Success
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418824?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201444/201444pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-044
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Welfare Costs of Skill-Mismatch Employment
AN  - 1684418873; 2011-817420
AB  - Skill-mismatch employment occurs when high-skilled individuals accept employment in jobs for which they are over-qualified. These employment relationships can be beneficial because they allow high-skilled individuals to more rapidly transition out of unemployment. They come at the cost, however, in the form of lower wage compensation. Moreover, an externality arises as high-skilled individuals do not take into account the effect that their search activity in the market for low-tech jobs has on low-skilled individuals. This paper presents a tractable general equilibrium model featuring mismatch employment and on-the-job search to articulate these tradeoffs. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 5 2014, 40 pp.
AU  - Arseneau, David M
AU  - Epstein, Brendan
Y1  - 2014/06/05/
PY  - 2014
DA  - 2014 Jun 05
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Cost
KW  - Unemployment
KW  - Welfare economics
KW  - Employment
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418873?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201442/201442pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-042
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Decline of Drudgery and the Paradox of Hard Work
AN  - 1684420073; 2011-817465
AB  - Develops a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect. In addition, secular improvements in job utility can be substantial relative to welfare gains from ordinary technological progress. These two implications are connected by an equation flowing from optimal hours choices: improvements in job utility that have a significant effect on labor supply tend to have large welfare effects. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2014, 40 pp.
AU  - Epstein, Brendan
AU  - Kimball, Miles S
Y1  - 2014/06//
PY  - 2014
DA  - June 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Labor conditions and policy - Employment and labor supply
KW  - Labor conditions and policy - Labor conditions, wages, salaries, and benefits
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic theory
KW  - Hours of labor
KW  - Welfare economics
KW  - Macroeconomics
KW  - Labor supply
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420073?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Epstein%2C+Brendan%3BKimball%2C+Miles+S&rft.aulast=Epstein&rft.aufirst=Brendan&rft.date=2014-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Decline+of+Drudgery+and+the+Paradox+of+Hard+Work&rft.title=The+Decline+of+Drudgery+and+the+Paradox+of+Hard+Work&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1106/ifdp1106.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1106
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Flights to Safety
AN  - 1684419902; 2011-817423
AB  - Using only daily data on bond and stock returns, this study identifies and characterizes flight to safety (FTS) episodes for 23 countries. The majority of FTS events are country-specific not global. The financial, basic materials, and industrial industries under-perform in FTS episodes, but the telecom industry outperforms. Money market instruments, corporate bonds, and commodity prices (with the exception of metals) face abnormal negative returns in FTS episodes. Hedge funds display negative FTS betas, after controlling for standard risk factors. Liquidity deteriorates; both economic growth and inflation decline right after and up to a year following a FTS spell. Tables.
JF  - Board of Governors of the Federal Reserve System, Jun 2014, 57 pp.
AU  - Baele, Lieven
AU  - Bekaert, Geert
AU  - Inghelbrecht, Koen
AU  - Wei, Min
Y1  - 2014/06//
PY  - 2014
DA  - June 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Economic conditions and policy - Economic conditions
KW  - Environment and environmental policy - Mining and mineral resources
KW  - Manufacturing and heavy industry - Metals industry
KW  - Science and technology policy - Telecommunications and communication systems
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Public safety and security
KW  - Risk
KW  - Metals
KW  - Bonds
KW  - Prices
KW  - Economic development
KW  - Inflation
KW  - Standards
KW  - Telecommunications
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419902?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Baele%2C+Lieven%3BBekaert%2C+Geert%3BInghelbrecht%2C+Koen%3BWei%2C+Min&rft.aulast=Baele&rft.aufirst=Lieven&rft.date=2014-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Flights+to+Safety&rft.title=Flights+to+Safety&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201446/201446pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-46
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Energy Boom and Manufacturing in the United States
AN  - 1684419848; 2011-817463
AB  - This paper examines the response of US manufacturers to changes in competitiveness brought about by movements in the price of natural gas. The author estimates the response of various measures of manufacturing activity using panel regression methods across roughly 80 industries that allow each industry's response to vary with its energy intensity. These estimates suggest that the fall in the price of natural gas since 2006 is associated with a 2% to 3% increase in activity for the entire manufacturing sector, with much larger effects of 30% or more for the most energy intensive industries. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 1 2014, 22 pp.
AU  - Melick, William R
Y1  - 2014/06/01/
PY  - 2014
DA  - 2014 Jun 01
PB  - Board of Governors of the Federal Reserve System
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - Energy resources and policy - Petroleum and natural gas industries and products
KW  - Business and service sector - Business finance
KW  - United States
KW  - Prices
KW  - Manufacturing
KW  - Natural gas
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419848?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Melick%2C+William+R&rft.aulast=Melick&rft.aufirst=William&rft.date=2014-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Energy+Boom+and+Manufacturing+in+the+United+States&rft.title=The+Energy+Boom+and+Manufacturing+in+the+United+States&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1108/ifdp1108.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1108
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Reputation and Liquidity Traps
AN  - 1684419754; 2011-817426
AB  - Explores whether the central bank could credibly commit to keeping the nominal interest rate low for an extended period of time in the aftermath of a deep recession. By analyzing credible plans in a sticky-price economy with occasionally binding zero lower bound constraints, the study finds that if contractionary shocks hit the economy with sufficient frequency, it can. In the best credible plan, if the central bank reneges on the promise of low policy rates, it will lose reputation and the private sector will not believe such promises in future recessions. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2014, 62 pp.
AU  - Nakata, Taisuke
Y1  - 2014/06//
PY  - 2014
DA  - June 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - Central banks
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419754?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nakata%2C+Taisuke&rft.aulast=Nakata&rft.aufirst=Taisuke&rft.date=2014-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Reputation+and+Liquidity+Traps&rft.title=Reputation+and+Liquidity+Traps&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201450/201450pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-50
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Understanding the Great Recession
AN  - 1684419384; 2011-817464
AB  - Argues that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions interacting with the zero lower bound. Through the lens of a New Keynesian model in which firms face moderate degrees of price rigidities and no nominal rigidities in the wage setting process, the model accounts for the joint behavior of labor and goods markets and inflation -- The observed fall in total factor productivity and the rise in the cost of working capital played critical roles in accounting for the small size of the drop in inflation. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2014, 42 pp.
AU  - Christiano, Lawrence J
AU  - Eichenbaum, Martin S
AU  - Trabandt, Mathias
Y1  - 2014/06//
PY  - 2014
DA  - June 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Accounting
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Business finance
KW  - Labor conditions and policy - Work and labor
KW  - Economic conditions and policy - Property and wealth
KW  - Cost
KW  - Prices
KW  - Inflation
KW  - Capital
KW  - Markets
KW  - Economic conditions
KW  - Productivity
KW  - Accounting
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419384?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Christiano%2C+Lawrence+J%3BEichenbaum%2C+Martin+S%3BTrabandt%2C+Mathias&rft.aulast=Christiano&rft.aufirst=Lawrence&rft.date=2014-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Understanding+the+Great+Recession&rft.title=Understanding+the+Great+Recession&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1107/ifdp1107.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1107
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Taxes and International Risk Sharing
AN  - 1684419321; 2011-817461
AB  - Examines the extent to which differences in international tax rates may account for the small correlations of per capita consumption fluctuations across countries. Theory implies a close relationship between relative consumption growth, and consumption and capital income tax rate differentials. The study finds strong empirical evidence for this relationship. Idiosyncratic output fluctuations account for the majority of cross country consumption growth variability, but trends in tax differentials are informative about the dynamic evolution of international risk sharing -- In particular, adjusting for capital taxes reveals an intuitive positive relationship between financial connectedness and risk sharing that is absent in baseline measures. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2014, 39 pp.
AU  - Epstein, Brendan
AU  - Mukherjee, Rahul
AU  - Ramnath, Shanthi P
Y1  - 2014/06//
PY  - 2014
DA  - June 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Consumers and consumption
KW  - Social conditions and policy - Public safety and security
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Income tax
KW  - Risk
KW  - Consumption
KW  - Capital
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419321?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Epstein%2C+Brendan%3BMukherjee%2C+Rahul%3BRamnath%2C+Shanthi+P&rft.aulast=Epstein&rft.aufirst=Brendan&rft.date=2014-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Taxes+and+International+Risk+Sharing&rft.title=Taxes+and+International+Risk+Sharing&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1110/ifdp1110.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1110
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - A glimpse behind a closed door: the long-term investment value of buy-side research and its effect on fund trades and performance
AN  - 1528887629; 4563583
AB  - We examine proprietary research produced by buy-side analysts working for a large fund management company. We find that the buy-side research has investment value for a one-year horizon, and the analysts producing this research exhibit differential ability that tends to persist over time. The buy&#8208 ;side research strongly influences trades made by the company's funds, especially when it coveys information that is independent of the fund managers' own information, when it is produced by buy-side analysts with good track records, and when the underlying stocks have little sell-side coverage. The influence of sell-side research is concentrated primarily in stocks not followed by buy-side analysts and in funds with low overall buy-side coverage. The company's funds that rely more heavily on buy-side research generate superior performance. Reprinted by permission of Blackwell Publishing
JF  - Journal of accounting research
AU  - Rebello, Michael
AU  - Wei, Kelsey D
AD  - University of Texas, Dallas ; US Board of Governors of the Federal Reserve System
Y1  - 2014/06//
PY  - 2014
DA  - Jun 2014
SP  - 775
EP  - 815
VL  - 52
IS  - 3
SN  - 0021-8456, 0021-8456
KW  - Economics
KW  - Financial information
KW  - Financial performance
KW  - Value
KW  - Stocks
KW  - Investment
KW  - Fund management
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1528887629?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+accounting+research&rft.atitle=A+glimpse+behind+a+closed+door%3A+the+long-term+investment+value+of+buy-side+research+and+its+effect+on+fund+trades+and+performance&rft.au=Rebello%2C+Michael%3BWei%2C+Kelsey+D&rft.aulast=Rebello&rft.aufirst=Michael&rft.date=2014-06-01&rft.volume=52&rft.issue=3&rft.spage=775&rft.isbn=&rft.btitle=&rft.title=Journal+of+accounting+research&rft.issn=00218456&rft_id=info:doi/10.1111%2F1475-679X.12042
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2014-05-27
N1  - Last updated - 2014-05-28
N1  - SubjectsTermNotLitGenreText - 5348 4937 7625; 6852; 13234 2523 4577 3872 554 971; 4927 6515; 12290; 4943 3974 9390
DO  - http://dx.doi.org/10.1111/1475-679X.12042
ER  - 



TY  - BOOK
T1  - Robust Dynamic Optimal Taxation and Environmental Externalities
AN  - 1684419649; 2011-817380
AB  - Studies a dynamic stochastic general equilibrium model in which agents are concerned about model uncertainty regarding climate change. An externality from greenhouse gas emissions damages the economy's capital stock. The study assumes that the mapping from climate change to damages is subject to uncertainty and uses robust control theory techniques to study efficiency and optimal policy. It obtains a sharp analytical solution for the implied environmental externality and characterizes dynamic optimal taxation. A small increase in the concern about model uncertainty can cause a significant drop in optimal fossil fuel use. The introduction of uncertainty matters qualitatively and quantitatively. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 29 2014, 37 pp.
AU  - Li, Xin
AU  - Narajabad, Borghan N
AU  - Temzelides, Ted
Y1  - 2014/05/29/
PY  - 2014
DA  - 2014 May 29
PB  - Board of Governors of the Federal Reserve System
KW  - Environment and environmental policy - Weather, climate, and natural disasters
KW  - Environment and environmental policy - Ecology and environmental policy
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Banking and public and private finance - Investments and securities
KW  - Environment and environmental policy - Pollution and environmental degradation
KW  - Energy resources and policy - Petroleum and natural gas industries and products
KW  - Air pollution
KW  - Taxation
KW  - Environment
KW  - Capital stock
KW  - Fossil fuels
KW  - Global warming
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419649?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Li%2C+Xin%3BNarajabad%2C+Borghan+N%3BTemzelides%2C+Ted&rft.aulast=Li&rft.aufirst=Xin&rft.date=2014-05-29&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Robust+Dynamic+Optimal+Taxation+and+Environmental+Externalities&rft.title=Robust+Dynamic+Optimal+Taxation+and+Environmental+Externalities&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201475pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-75
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Liquidity Risk and U.S. Bank Lending at Home and Abroad
AN  - 1684419509; 2011-817466
AB  - While the balance sheet structure of US banks influences how they respond to liquidity risks, the mechanisms for the effects on and consequences for lending vary widely. This study demonstrates fundamental differences across banks without foreign affiliates versus those with foreign affiliates. Among the nonglobal banks, cross-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding: Differences across global banks are associated with ex ante liquidity management strategies as reflected in internal borrowing across the global organization. This intra-firm borrowing serves as a shock absorber and affects lending patterns to domestic and foreign customers. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 29 2014, 30 pp.
AU  - Correa, Ricardo
AU  - Goldberg, Linda
AU  - Rice, Tara
Y1  - 2014/05/29/
PY  - 2014
DA  - 2014 May 29
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Accounting
KW  - United States
KW  - Risk
KW  - Balance sheets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419509?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Correa%2C+Ricardo%3BGoldberg%2C+Linda%3BRice%2C+Tara&rft.aulast=Correa&rft.aufirst=Ricardo&rft.date=2014-05-29&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Liquidity+Risk+and+U.S.+Bank+Lending+at+Home+and+Abroad&rft.title=Liquidity+Risk+and+U.S.+Bank+Lending+at+Home+and+Abroad&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1105/ifdp1105.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1105
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - When Are the Effects of Fiscal Policy Uncertainty Large?
AN  - 1684418571; 2011-817418
AB  - Shows that uncertainty about fiscal policy can cause large declines in consumption, investment, and output when the zero lower bound (ZLB) binds, but has modest effects when the monetary authority is not constrained by the ZLB. This report explores uncertainty about the level of government spending and uncertainty about tax rates on consumption, wages, capital income, and investment. The effects of fiscal policy uncertainty are largest when the nominal interest rate is on the cusp of the ZLB, and the delaying fiscal policy uncertainty diminishes its effects only if the resolution of uncertainty occurs after ZLB no longer binds. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 22 2014, 48 pp.
AU  - Johannsen, Benjamin K
Y1  - 2014/05/22/
PY  - 2014
DA  - 2014 May 22
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Consumers and consumption
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Accounting
KW  - Business and service sector - Business management
KW  - Interest rates
KW  - Investments
KW  - Authority
KW  - Consumption
KW  - Capital
KW  - Fiscal policy
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418571?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Johannsen%2C+Benjamin+K&rft.aulast=Johannsen&rft.aufirst=Benjamin&rft.date=2014-05-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=When+Are+the+Effects+of+Fiscal+Policy+Uncertainty+Large%3F&rft.title=When+Are+the+Effects+of+Fiscal+Policy+Uncertainty+Large%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201440/201440pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-40
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Debt Deflation Effects of Monetary Policy
AN  - 1684418903; 2011-817416
AB  - This paper assesses the role that monetary policy plays in the decision to default using a General Equilibrium model with collateralized loans, trade in fiat money. and production. Long-term nominal loans are backed by collateral, the value of which depends on monetary policy. The decision to default is endogenous and depends on the relative value of the collateral to face value of the loan. Default results in foreclosure, higher borrowing costs, inefficient investment, and a decrease in total output. Pre-crisis contractionary monetary policy interacts with Fisherian debt-deflation dynamics and can increase the probability that a crisis occurs. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 7 2014, 38 pp.
AU  - Lin, Li
AU  - Tsomocos, Dimitrios P
AU  - Vardoulakis, Alexandros P
Y1  - 2014/05/07/
PY  - 2014
DA  - 2014 May 07
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic theory
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Money, currency, and financial instruments
KW  - Economic conditions and policy - Property and wealth
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Cost
KW  - Investments
KW  - Money
KW  - Loans
KW  - Production
KW  - Deflation
KW  - Foreclosures
KW  - Debt
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418903?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lin%2C+Li%3BTsomocos%2C+Dimitrios+P%3BVardoulakis%2C+Alexandros+P&rft.aulast=Lin&rft.aufirst=Li&rft.date=2014-05-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Debt+Deflation+Effects+of+Monetary+Policy&rft.title=Debt+Deflation+Effects+of+Monetary+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201437/201437pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-37
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Scarcity Value of Treasury Collateral: Repo Market Effects of Security-specific Supply and Demand Factors
AN  - 1684420300; 2011-817434
AB  - In the special collateral repo market, forward agreements are security-specific, which may magnify demand and supply effects. This report quantifies the scarcity value of Treasury collateral by estimating the impact of security-specific demand and supply factors on the repo rates of all outstanding US Treasury securities. It finds an economically and statistically significant scarcity premium. This scarcity effect is quite persistent, passes through to Treasury market prices, and explains a significant portion of the flow-effects of Large-Scale Asset Purchase (LSAP) programs, providing additional evidence for the scarcity channel of quantitative easing (QE). Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 5 2014, 52 pp.
AU  - D'Amico, Stefania
AU  - Fan, Roger
AU  - Kitsul, Yuriy
Y1  - 2014/05/05/
PY  - 2014
DA  - 2014 May 05
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic theory
KW  - Securities
KW  - United States
KW  - Assets
KW  - Prices
KW  - Treasury
KW  - Markets
KW  - Supply and demand
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420300?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=D%27Amico%2C+Stefania%3BFan%2C+Roger%3BKitsul%2C+Yuriy&rft.aulast=D%27Amico&rft.aufirst=Stefania&rft.date=2014-05-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Scarcity+Value+of+Treasury+Collateral%3A+Repo+Market+Effects+of+Security-specific+Supply+and+Demand+Factors&rft.title=The+Scarcity+Value+of+Treasury+Collateral%3A+Repo+Market+Effects+of+Security-specific+Supply+and+Demand+Factors&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201460/201460pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-60
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Central Banks as Lender of Last Resort: Experiences during the 2007-2010 Crisis and Lessons for the Future
AN  - 1684420173; 2011-817099
AB  - During the 2007-2010 financial crisis, central banks accumulated a vast amount of experience in acting as lender of last resort. This paper reviews the various ways that central banks provided emergency liquidity assistance (ELA) during the crisis and discusses issues for the design of ELA arising from that experience. In a number of ways, the emergency liquidity assistance since 2007 has largely adhered to Bagehot's dictums of lending freely against good collateral to solvent institutions at a penalty rate, but there were many exceptions to these rules. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 2014, 33 pp.
AU  - Domanski, Dietrich
AU  - Moessner, Richhild
AU  - Nelson, William
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Business and service sector - Business finance
KW  - Central banks
KW  - Finance
KW  - Regulation
KW  - Economic conditions
KW  - Decision-making
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420173?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Domanski%2C+Dietrich%3BMoessner%2C+Richhild%3BNelson%2C+William&rft.aulast=Domanski&rft.aufirst=Dietrich&rft.date=2014-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Central+Banks+as+Lender+of+Last+Resort%3A+Experiences+during+the+2007-2010+Crisis+and+Lessons+for+the+Future&rft.title=Central+Banks+as+Lender+of+Last+Resort%3A+Experiences+during+the+2007-2010+Crisis+and+Lessons+for+the+Future&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/2014110pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-110
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Sovereign Debt Crises
AN  - 1684419942; 2011-817467
AB  - In recent years, the timing of sovereign debt crises has coincided or has directly followed banking crises. The link between sovereigns and banks tightened as the contingent liability that the banking sector represents for the sovereign grew, as financial 'safety nets' became more common. This chapter analyzes the transmission channels between sovereigns and banks, with a focus on the effect of sovereign distress on bank solvency and financing. It then highlights the notable cost to the real economy of the close connection between sovereigns and banks and argues for breaking the 'feedback loop' between these two sectors. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 2014, 36 pp.
AU  - Correa, Ricardo
AU  - Sapriza, Horacio
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Accounting
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Debt
KW  - Liability
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419942?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Correa%2C+Ricardo%3BSapriza%2C+Horacio&rft.aulast=Correa&rft.aufirst=Ricardo&rft.date=2014-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Sovereign+Debt+Crises&rft.title=Sovereign+Debt+Crises&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1104/ifdp1104.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1104
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Uncovered Equity Parity and Rebalancing in International Portfolios
AN  - 1684419916; 2011-817468
AB  - Portfolio rebalancing is a key driver of the Uncovered Equity Parity (UEP) condition -- when foreign equity holdings outperform domestic holdings, domestic investors are exposed to higher exchange rate exposure and hence repatriate some of the foreign equity to decrease their exchange rate risk. Although there is some evidence consistent with UEP, this study argues that US investors may be exploiting mean reversion in underlying equity markets, rebalancing away from equity markets that recently performed well, and moving into equity markets just prior to relatively strong performance. Such behavior suggests tactical reallocations to increase returns rather than reduce risk. Tables, References.
JF  - Board of Governors of the Federal Reserve System, May 2014, 41 pp.
AU  - Curcuru, Stephanie E
AU  - Thomas, Charles P
AU  - Warnock, Francis E
AU  - Wongswan, Jon
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Social values
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - United States
KW  - Risk
KW  - Investors
KW  - Foreign exchange rates
KW  - Markets
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419916?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Curcuru%2C+Stephanie+E%3BThomas%2C+Charles+P%3BWarnock%2C+Francis+E%3BWongswan%2C+Jon&rft.aulast=Curcuru&rft.aufirst=Stephanie&rft.date=2014-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Uncovered+Equity+Parity+and+Rebalancing+in+International+Portfolios&rft.title=Uncovered+Equity+Parity+and+Rebalancing+in+International+Portfolios&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1103/ifdp1103.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1103
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Why Do Innovative Firms Hold So Much Cash? Evidence from Changes in State R&D Tax Credits
AN  - 1684419621; 2011-817383
AB  - Uses the staggered changes of research and development (R&D) tax credits across US states and over time as a quasi-natural experiment to examine the impact of innovation on corporate liquidity. By generating plausibly independent variation in firms' incentive to invest in R&D, it assesses the empirical importance of specific theories of the link between innovation and corporate liquidity. Firms increase (decrease) their cash to asset ratios by about one and a half percentage point when their home state increases (cuts) R&D tax credits. The analysis offers endogeneity-free evidence that innovation is a first-order driver of corporate liquidity management decisions. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 2014, 50 pp.
AU  - Falato, Antonio
AU  - Sim, Jae
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Science and technology policy - Science and science policy and research
KW  - United States
KW  - Assets
KW  - Research and development
KW  - Tax credits
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419621?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Falato%2C+Antonio%3BSim%2C+Jae&rft.aulast=Falato&rft.aufirst=Antonio&rft.date=2014-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Why+Do+Innovative+Firms+Hold+So+Much+Cash%3F+Evidence+from+Changes+in+State+R%26D+Tax+Credits&rft.title=Why+Do+Innovative+Firms+Hold+So+Much+Cash%3F+Evidence+from+Changes+in+State+R%26D+Tax+Credits&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201472pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-72
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Relative Liquidity and Future Volatility
AN  - 1684418810; 2011-817422
AB  - This paper identifies the strong predictive power of the relative concentration of depth provision, rather than volume of orders, over volatility. To this end, it proposes a new measure, relative liquidity (RLIQ), which extracts information from a limit order book distribution and captures the level of consensus on a security's trading price. Higher liquidity provision farther away from the best quotes, relative to the rest of the book, is associated with a disagreement on the current price and followed by high volatility. The relationship is robust to the inclusion of several alternative measures. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, May 2014, 39 pp.
AU  - Valenzuela, Marcela
AU  - Zer, Ilknur
AU  - Fryzlewicz, Piotr
AU  - Rheinlander, Thorsten
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Trade and trade policy - Export-import trade
KW  - Prices
KW  - Export-import trade
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418810?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Valenzuela%2C+Marcela%3BZer%2C+Ilknur%3BFryzlewicz%2C+Piotr%3BRheinlander%2C+Thorsten&rft.aulast=Valenzuela&rft.aufirst=Marcela&rft.date=2014-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Relative+Liquidity+and+Future+Volatility&rft.title=Relative+Liquidity+and+Future+Volatility&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201445/201445pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-045
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Hedge Fund Holdings and Stock Market Efficiency
AN  - 1684418690; 2011-817415
AB  - Examines the relation between changes in hedge fund stock holdings and measures of informational efficiency of equity prices derived from transactions data and finds that, on average, increased hedge fund ownership leads to significant improvements in the informational efficiency of equity prices. The contribution of hedge funds to price efficiency is greater than that of other types of institutional investors, such as mutual funds or banks. However, stocks held by hedge funds experienced extreme declines in price efficiency during liquidity crises and the declines were most severe in stocks held by those connected to Lehman Brothers and those using leverage. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 2014, 58 pp.
AU  - Cao, Charles
AU  - Liang, Bing
AU  - Lo, Andrew W
AU  - Petrasek, Lubomir
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Social conditions and policy - Social values
KW  - Banking and public and private finance - Banking operations and services
KW  - Investors
KW  - Prices
KW  - Lehman Brothers Holdings Inc.
KW  - Stocks
KW  - Stock market
KW  - Banking
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418690?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Cao%2C+Charles%3BLiang%2C+Bing%3BLo%2C+Andrew+W%3BPetrasek%2C+Lubomir&rft.aulast=Cao&rft.aufirst=Charles&rft.date=2014-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Hedge+Fund+Holdings+and+Stock+Market+Efficiency&rft.title=Hedge+Fund+Holdings+and+Stock+Market+Efficiency&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201436/201436pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-36
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: First Quarter, 2014
AN  - 1525826693
AB  - Community & Southern Holdings Inc, Atlanta, GA, has requested the Board's approval under section 3 of the Bank Holding Company Act to acquire Verity Capital Group Inc and thereby indirectly acquire its subsidiary bank, Verity Bank, both of Winder, GA. Following the proposed acquisition, Verity Bank would be merged into CSH's subsidiary bank, Community & Southern Bank, Atlanta, a state nonmember bank. Notice of the proposal, affording interested persons an opportunity to submit comments, has been published in the Federal Register. The time for submitting comments has expired, and the Board has considered the proposal and all comments received in light of the factors set forth in section 3 of the BHC Act. Based on the foregoing and all the facts of record, the Board has determined that the application should be, and hereby is, approved. In reaching its conclusion, the Board has considered all the facts of record in light of the factors that it is required to consider under the BHC Act and other applicable statutes.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2014/05//
PY  - 2014
DA  - May 2014
SP  - 1
EP  - 19
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 100
IS  - 2
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Acquisitions & mergers
KW  - Bank holding companies
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+First+Quarter%2C+2014&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2014-05-01&rft.volume=100&rft.issue=2&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Community & Southern Holdings Inc; Verity Capital Group Inc
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System May 2014
N1  - Document feature - References
N1  - Last updated - 2014-05-19
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - The Risk Channel of Monetary Policy
AN  - 1684420185; 2011-817411
AB  - This paper examines how monetary policy affects the riskiness of the financial sector's aggregate balance sheet, a mechanism referred to as the risk channel of monetary policy. The study finds that banks reduce their reliance on debt finance and decrease leverage when monetary policy shocks are prevalent. A monetary policy reaction function that responds to movements in bank leverage or to movements in credit spreads can incentivize banks to increase their use of debt finance and increase leverage, ceteris paribus, increasing the riskiness of the financial sector for the real economy. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 9 2014, 29 pp.
AU  - de Groot, Oliver
Y1  - 2014/04/09/
PY  - 2014
DA  - 2014 Apr 09
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Business finance
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Risk
KW  - Finance
KW  - Credit
KW  - Debt
KW  - Balance sheets
KW  - Banking
KW  - Monetary policy
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=de+Groot%2C+Oliver&rft.aulast=de+Groot&rft.aufirst=Oliver&rft.date=2014-04-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Risk+Channel+of+Monetary+Policy&rft.title=The+Risk+Channel+of+Monetary+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201431/201431pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-31
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Fertility Choice in a Life Cycle Model with Idiosyncratic Uninsurable Earnings Risk
AN  - 1684420180; 2011-817412
AB  - This paper studies the link between rising income uncertainty and household fertility patterns in an Aiyagari-Bewley-Huggett framework augmented to include fertility decisions and infertility risk. The calibrated model is used to quantify the contribution of earnings uncertainty to the changes in the key fertility indicators between steady states and highlights the important role that labor market conditions can play in determining both short-term cyclical fluctuations in fertility (such as those in the recent US data) and longer-term demographic trends (such as persistently depressed fertility rates in Southern Europe where youth unemployment rates are high and unemployment spell are very persistent). Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 4 2014, 44 pp.
AU  - Sommer, Kamila
Y1  - 2014/04/04/
PY  - 2014
DA  - 2014 Apr 04
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Labor conditions and policy - Employment and labor supply
KW  - Social conditions and policy - Public safety and security
KW  - Health conditions and policy - Diseases and disorders
KW  - Science and technology policy - Biology and biotechnology
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - United States
KW  - Infertility
KW  - Risk
KW  - Fertility
KW  - Unemployment
KW  - Households
KW  - Markets
KW  - Demographics
KW  - Southern Europe
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sommer%2C+Kamila&rft.aulast=Sommer&rft.aufirst=Kamila&rft.date=2014-04-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Fertility+Choice+in+a+Life+Cycle+Model+with+Idiosyncratic+Uninsurable+Earnings+Risk&rft.title=Fertility+Choice+in+a+Life+Cycle+Model+with+Idiosyncratic+Uninsurable+Earnings+Risk&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201432/201432pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-32
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Gates, Fees, and Preemptive Runs
AN  - 1684419442; 2011-817410
AB  - The authors build a model of a financial intermediary, in the tradition of Diamond and Dybvig (1983), and show that allowing the intermediary to impose redemption fees or gates in a crisis -- a form of suspension of convertibility -- can lead to preemptive runs. They prove two results that have important policy implications for intermediaries that are vulnerable to runs, such as money market funds, because the preemptive runs that can be caused by the possibility of gates or fees may have damaging negative externalities. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 3 2014, 17 pp.
AU  - Cipriani, Marco
AU  - Martin, Antoine
AU  - McCabe, Patrick E
AU  - Parigi, Bruno M
Y1  - 2014/04/03/
PY  - 2014
DA  - 2014 Apr 03
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - Finance
KW  - Fees, charges, etc.
KW  - Money market
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419442?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Cipriani%2C+Marco%3BMartin%2C+Antoine%3BMcCabe%2C+Patrick+E%3BParigi%2C+Bruno+M&rft.aulast=Cipriani&rft.aufirst=Marco&rft.date=2014-04-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Gates%2C+Fees%2C+and+Preemptive+Runs&rft.title=Gates%2C+Fees%2C+and+Preemptive+Runs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201430/201430pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-30
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Inference Based on SVARs Identified with Sign and Zero Restrictions: Theory and Applications
AN  - 1684420053; 2011-817471
AB  - Studies whether optimism shocks are an important source of business cycle fluctuations and whether deficit-financed tax cuts are better than deficit-financed spending to increase output. These questions have been previously studied using structural vector autoregressions (SVARs) identified with sign and zero restrictions; and the answers have been positive and definite in both cases. This study shows that current implementation of these techniques does not respect the agnosticism of the theory and provides an alternative and efficient algorithm that does not introduce any additional sign restriction, hence preserving the agnosticism of the theory. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2 2014, 70 pp.
AU  - Arias, Jonas E
AU  - Rubio-Ramirez, Juan F
AU  - Waggoner, Daniel F
Y1  - 2014/04/02/
PY  - 2014
DA  - 2014 Apr 02
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Business cycles
KW  - Tax deductions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420053?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Arias%2C+Jonas+E%3BRubio-Ramirez%2C+Juan+F%3BWaggoner%2C+Daniel+F&rft.aulast=Arias&rft.aufirst=Jonas&rft.date=2014-04-02&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Inference+Based+on+SVARs+Identified+with+Sign+and+Zero+Restrictions%3A+Theory+and+Applications&rft.title=Inference+Based+on+SVARs+Identified+with+Sign+and+Zero+Restrictions%3A+Theory+and+Applications&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1100/ifdp1100.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1100
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Uncertainty, Financial Frictions, and Investment Dynamics
AN  - 1684420067; 2011-817385
AB  - Micro- and macro-level evidence indicates that fluctuations in idiosyncratic uncertainty have a large effect on investment; the impact of uncertainty on investment occurs primarily through changes in credit spreads; and innovations in credit spreads have a strong effect on investment, irrespective of the level of uncertainty. These findings raise a question regarding the economic significance of the traditional 'wait-and-see' effect of uncertainty shocks and point to financial distortions as the main mechanism through which fluctuations in uncertainty affect macroeconomic outcomes. The relative importance of these two mechanisms is analyzed. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 1 2014, 58 pp.
AU  - Gilchrist, Simon
AU  - Sim, Jae W
AU  - Zakrajsek, Egon
Y1  - 2014/04/01/
PY  - 2014
DA  - 2014 Apr 01
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic theory
KW  - Investments
KW  - Credit
KW  - Macroeconomics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420067?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gilchrist%2C+Simon%3BSim%2C+Jae+W%3BZakrajsek%2C+Egon&rft.aulast=Gilchrist&rft.aufirst=Simon&rft.date=2014-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Uncertainty%2C+Financial+Frictions%2C+and+Investment+Dynamics&rft.title=Uncertainty%2C+Financial+Frictions%2C+and+Investment+Dynamics&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201469pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-69
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Menu Costs, Trade Flows, and Exchange Rate Volatility
AN  - 1684419993; 2011-817469
AB  - US imports and exports respond little to exchange rate changes in the short run. Pricing behavior has long been thought central to explaining this response: if local prices do not respond to exchange rates, neither will trade flows. Sticky prices and strategic complementarities in price setting generate sluggish responses, and they are necessary to match newly available international micro price data. Using trade flow data, this study tests models capable of replicating these trade price data and find a trade response to exchange rates stronger than found in the data, with little to no support in the data. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2014, 39 pp.
AU  - Lewis, Logan T
Y1  - 2014/04//
PY  - 2014
DA  - April 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Trade and trade policy - Export-import trade
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - United States
KW  - Foreign exchange rates
KW  - Prices
KW  - Export-import trade
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lewis%2C+Logan+T&rft.aulast=Lewis&rft.aufirst=Logan&rft.date=2014-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Menu+Costs%2C+Trade+Flows%2C+and+Exchange+Rate+Volatility&rft.title=Menu+Costs%2C+Trade+Flows%2C+and+Exchange+Rate+Volatility&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1102/ifdp1102.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1102
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Small Sample Properties of Bayesian Estimators of Labor Income Processes
AN  - 1684420168; 2011-817406
AB  - There exists an extensive literature estimating idiosyncratic labor income processes. While a wide variety of models are estimated, GMM estimators -- minimum distance estimators -- are almost always used. This study examines the validity of using likelihood based estimation in this context by comparing the small sample properties of a Bayesian estimator to those of GMM. The Bayesian estimators are demonstrated to have favorable bias and efficiency properties. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 31 2014, 37 pp.
AU  - Nakata, Taisuke
AU  - Tonetti, Christopher
Y1  - 2014/03/31/
PY  - 2014
DA  - 2014 Mar 31
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Property and wealth
KW  - Labor conditions and policy - Work and labor
KW  - Business and service sector - Accounting
KW  - Property
KW  - Labor
KW  - Income
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nakata%2C+Taisuke%3BTonetti%2C+Christopher&rft.aulast=Nakata&rft.aufirst=Taisuke&rft.date=2014-03-31&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Small+Sample+Properties+of+Bayesian+Estimators+of+Labor+Income+Processes&rft.title=Small+Sample+Properties+of+Bayesian+Estimators+of+Labor+Income+Processes&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201425/201425pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-25
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Competition in Lending and Credit Ratings
AN  - 1684419628; 2011-817404
AB  - This article relates corporate credit rating quality to competition in lending between the public bond market and banks. In the model, the monopolistic rating agency's choice of price and quality leads to an endogenous threshold separating low-quality bank-dependent issuers from higher-quality issuers with access to public debt. The analysis suggests that strategic behavior by the rating agency in an issuer-pays setting dampens the influence of macroeconomic shocks and explains the use of informative unsolicited credit ratings to prevent unrated bond issues, particularly during good times. Additionally, the controversial issuer-pays model of ratings leads to more efficient outcomes than investor-pays alternatives. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 28 2014, 51 pp.
AU  - Ahmed, Javed
Y1  - 2014/03/28/
PY  - 2014
DA  - 2014 Mar 28
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic theory
KW  - Bonds
KW  - Rating
KW  - Prices
KW  - Credit
KW  - Public debts
KW  - Macroeconomics
KW  - Markets
KW  - Banking
KW  - Competition
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ahmed%2C+Javed&rft.aulast=Ahmed&rft.aufirst=Javed&rft.date=2014-03-28&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Competition+in+Lending+and+Credit+Ratings&rft.title=Competition+in+Lending+and+Credit+Ratings&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201423/201423pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-23
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - An Evaluation of the Inflationary Pressure Associated with Short- and Long-term Unemployment
AN  - 1684419769; 2011-817408
AB  - In the years following 2009, long-term unemployment has been very elevated while inflation has fallen only moderately, raising the question of whether the long-term unemployed exert less downward pressure on prices than the short-term unemployed, perhaps because such potential workers are disconnected from the labor market. However, empirical evidence is mixed. This analysis demonstrates that the typical approach, using national data, is incapable of discriminating the inflationary pressure exerted by short and long-term unemployment because the series are highly correlated, making inference difficult given the short-span of data used in Phillips-curve estimation. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 21 2014, 19 pp.
AU  - Kiley, Michael T
Y1  - 2014/03/21/
PY  - 2014
DA  - 2014 Mar 21
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Work and labor
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Unemployment
KW  - Prices
KW  - Inflation
KW  - Markets
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419769?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiley%2C+Michael+T&rft.aulast=Kiley&rft.aufirst=Michael&rft.date=2014-03-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=An+Evaluation+of+the+Inflationary+Pressure+Associated+with+Short-+and+Long-term+Unemployment&rft.title=An+Evaluation+of+the+Inflationary+Pressure+Associated+with+Short-+and+Long-term+Unemployment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201428/201428pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-28
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Community Bank Performance: How Important Are Managers?
AN  - 1684420091; 2011-817407
AB  - Community banks have long played an important role in the US economy, providing loans and other financial services to households and small businesses within their local markets. In recent years, technological and legal developments, as well as changes in the business strategies of larger banks and non-bank financial service providers, have purportedly made it more difficult for community banks to attract and retain customers, and hence to survive. This paper uses data from 1992 through 2011 to examine the relationships between community bank profitability and various characteristics of the banks and the local markets in which they operate. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Mar 18 2014, 23 pp.
AU  - Amel, Dean F
AU  - Prager, Robin A
Y1  - 2014/03/18/
PY  - 2014
DA  - 2014 Mar 18
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Population groups, population policy, and demographics - Demography and census
KW  - United States
KW  - Business
KW  - Loans
KW  - Households
KW  - Financial services
KW  - Small business
KW  - Markets
KW  - Banking
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Amel%2C+Dean+F%3BPrager%2C+Robin+A&rft.aulast=Amel&rft.aufirst=Dean&rft.date=2014-03-18&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Community+Bank+Performance%3A+How+Important+Are+Managers%3F&rft.title=Community+Bank+Performance%3A+How+Important+Are+Managers%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201426/201426pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-26
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Evaluating Asset-Market Effects of Unconventional Monetary Policy: A Cross-Country Comparison
AN  - 1684419786; 2011-817470
AB  - This paper examines the effects of unconventional monetary policy by the Federal Reserve, Bank of England, European Central Bank, and Bank of Japan on bond yields, stock prices, and exchange rates. This study uses common methodologies for the four central banks, with daily and intradaily asset price data. It emphasizes the use of intradaily data to identify the causal effect of monetary policy surprises. These policies are effective in easing financial conditions when policy rates are stuck at the zero lower bound, apparently largely by reducing term premia. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 7 2014, 65 pp.
AU  - Rogers, John H
AU  - Scotti, Chiara
AU  - Wright, Jonathan H
Y1  - 2014/03/07/
PY  - 2014
DA  - 2014 Mar 07
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Central banks
KW  - Bonds
KW  - Assets
KW  - Bank of Japan
KW  - Foreign exchange rates
KW  - Prices
KW  - Stocks
KW  - Bank of England
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419786?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rogers%2C+John+H%3BScotti%2C+Chiara%3BWright%2C+Jonathan+H&rft.aulast=Rogers&rft.aufirst=John&rft.date=2014-03-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Evaluating+Asset-Market+Effects+of+Unconventional+Monetary+Policy%3A+A+Cross-Country+Comparison&rft.title=Evaluating+Asset-Market+Effects+of+Unconventional+Monetary+Policy%3A+A+Cross-Country+Comparison&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1101/ifdp1101.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1101
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - An Evaluation of Bank VaR Measures for Market Risk during and before the Financial Crisis
AN  - 1684419209; 2011-817402
AB  - Studies the performance and behavior of Value at Risk (VaR) measures used by a number of large banks during and before the financial crisis. Variance decompositions indicate a limited ability of the banks' VaR methodologies to adjust to the crisis-period market conditions. Despite their weaker performance, the bank VaRs exhibited greater predictive power for a measure of realized profit and loss (PnL) volatility than benchmark VaR measures. Benchmark Expected Shortfall measures are also considered. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Mar 7 2014, 29 pp.
AU  - O'Brien, James
AU  - Szerszen, Pawel J
Y1  - 2014/03/07/
PY  - 2014
DA  - 2014 Mar 07
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Business finance
KW  - Risk
KW  - Finance
KW  - Profits
KW  - Economic conditions
KW  - Markets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419209?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=O%27Brien%2C+James%3BSzerszen%2C+Pawel+J&rft.aulast=O%27Brien&rft.aufirst=James&rft.date=2014-03-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=An+Evaluation+of+Bank+VaR+Measures+for+Market+Risk+during+and+before+the+Financial+Crisis&rft.title=An+Evaluation+of+Bank+VaR+Measures+for+Market+Risk+during+and+before+the+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201421/201421pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-21
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effects of Bank Charter Switching on Supervisory Ratings
AN  - 1684420151; 2011-817401
AB  - Studies whether commercial banks can improve their supervisory ratings by switching charters. The author uses the fees charged by chartering authorities to establish a causal effect from switching on ratings. Banks receive more favorable ratings after they change charters, an effect that is large for both national and state charters. In addition, controlling for bank ratings, banks that switch charters fail more often than others. These results suggest that banks can arbitrage ratings by switching charters and are consistent with regulators competing for banks by rating incoming banks better than similar banks that they already supervise. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Mar 5 2014, 62 pp.
AU  - Rezende, Marcelo
Y1  - 2014/03/05/
PY  - 2014
DA  - 2014 Mar 05
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business management
KW  - Arbitrage
KW  - Rating
KW  - Authority
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420151?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rezende%2C+Marcelo&rft.aulast=Rezende&rft.aufirst=Marcelo&rft.date=2014-03-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effects+of+Bank+Charter+Switching+on+Supervisory+Ratings&rft.title=The+Effects+of+Bank+Charter+Switching+on+Supervisory+Ratings&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201420/201420pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-20
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bank Ownership, Lending, and Local Economic Performance during the 2008-2010 Financial Crisis
AN  - 1684419900; 2011-817472
AB  - While the finance literature often equates government banks with political capture and capital misallocation, these banks can help mitigate financial shocks. This paper examines the role of Brazil's government banks in preventing a recession during the 2008-2010 financial crisis. Government banks in Brazil provided more credit, which offset declines in lending by private banks. Areas in Brazil with a high share of government banks experienced increases in lending, production, and employment during the crisis compared to areas with a low share of these banks. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2014, 53 pp.
AU  - Coleman, Nicholas
AU  - Feler, Leo
Y1  - 2014/03//
PY  - 2014
DA  - March 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Personnel management
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Property and wealth
KW  - Private banks
KW  - Finance
KW  - Brazil
KW  - Credit
KW  - Capital
KW  - Employment
KW  - Performance
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419900?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Coleman%2C+Nicholas%3BFeler%2C+Leo&rft.aulast=Coleman&rft.aufirst=Nicholas&rft.date=2014-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Bank+Ownership%2C+Lending%2C+and+Local+Economic+Performance+during+the+2008-2010+Financial+Crisis&rft.title=Bank+Ownership%2C+Lending%2C+and+Local+Economic+Performance+during+the+2008-2010+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1099/ifdp1099.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1099
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Long-term Inflation Expectations Well Anchored in Brazil, Chile, and Mexico?
AN  - 1684419519; 2011-817473
AB  - This study considers whether long-term inflation expectations have become better anchored in Brazil, Chile, and Mexico. It finds that inflation expectations have become much better anchored over the past decade in all three countries, as a testament to the improved credibility of the central banks in these countries when it comes to keeping inflation low. That said, one-year inflation compensation in the far future displays some sensitivity to at least one macroeconomic data release per country, and long-run inflation expectations in Brazil appear to have been less well anchored than in Chile and Mexico. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2014, 49 pp.
AU  - De Pooter, Michiel
AU  - Robitaille, Patrice
AU  - Walker, Ian
AU  - Zdinak, Michael
Y1  - 2014/03//
PY  - 2014
DA  - March 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Economic conditions and policy - Economic theory
KW  - Central banks
KW  - Mexico
KW  - Brazil
KW  - Macroeconomics
KW  - Inflation
KW  - Chile
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419519?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=De+Pooter%2C+Michiel%3BRobitaille%2C+Patrice%3BWalker%2C+Ian%3BZdinak%2C+Michael&rft.aulast=De+Pooter&rft.aufirst=Michiel&rft.date=2014-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+Long-term+Inflation+Expectations+Well+Anchored+in+Brazil%2C+Chile%2C+and+Mexico%3F&rft.title=Are+Long-term+Inflation+Expectations+Well+Anchored+in+Brazil%2C+Chile%2C+and+Mexico%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2014/1098/ifdp1098.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - International Finance Discussion pa. no. 1098
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Machines vs. Machines: High Frequency Trading and Hard Information
AN  - 1684418892; 2011-817413
AB  - In today's markets where high frequency traders (HFTs) act as both liquidity providers and takers, the author argues that information asymmetry induced by liquidity-taking HFTs' use of machine-readable information is important. This particular type of information asymmetry arises because some machines may access the information before other machines or because of randomness in relative speed. Applying a novel statistical approach to measure HFT activity through limit order book data and using a natural experiment of index inclusion, the study shows that liquidity-providing HFTs supply less liquidity to stocks that suffer more from this information asymmetry problem. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2014, 56 pp.
AU  - Huh, Yesol
Y1  - 2014/03//
PY  - 2014
DA  - March 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Education and education policy - Information services and sources
KW  - Banking and public and private finance - Investments and securities
KW  - Indexes
KW  - Stocks
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684418892?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Huh%2C+Yesol&rft.aulast=Huh&rft.aufirst=Yesol&rft.date=2014-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Machines+vs.+Machines%3A+High+Frequency+Trading+and+Hard+Information&rft.title=Machines+vs.+Machines%3A+High+Frequency+Trading+and+Hard+Information&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201433/201433pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-33
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Finance and Productivity Growth: Firm-level Evidence
AN  - 1684420244; 2011-817398
AB  - Using data on a broad set of European firms, this study finds a strong positive relationship between the use of external financing and future productivity (TFP) growth within firms. This relationship is robust to various measures of financing and productivity and strengthens as financing costs increase. This study provides evidence against a reverse-causality explanation by showing that this relationship arises from the component of TFP that is outside the information set of the firm. These findings indicate that financial development supports productivity growth within firms and helps explain why economic activity remains persistently depressed following financial crisis. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 24 2014, 51 pp.
AU  - Levine, Oliver
AU  - Warusawitharana, Missaka
Y1  - 2014/02/24/
PY  - 2014
DA  - 2014 Feb 24
PB  - Board of Governors of the Federal Reserve System
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Finance
KW  - Economic conditions
KW  - Productivity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420244?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Levine%2C+Oliver%3BWarusawitharana%2C+Missaka&rft.aulast=Levine&rft.aufirst=Oliver&rft.date=2014-02-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Finance+and+Productivity+Growth%3A+Firm-level+Evidence&rft.title=Finance+and+Productivity+Growth%3A+Firm-level+Evidence&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201417/201417pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-17
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Small Price Responses to Large Demand Shocks
AN  - 1684420284; 2011-817399
AB  - The authors study the pricing response of US supermarkets to large demand shocks triggered by labor conflicts, mass population relocation, and shopping sprees around major snowstorms and hurricanes. The focus on demand shocks is novel in the empirical literature that uses large datasets of individual data to bridge micro price behavior and aggregate price dynamics. They find that large swings in demand have, at best, modest effects on the level of retail prices, consistent with flat short- to medium-term supply curves. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Feb 11 2014, 44 pp.
AU  - Gagnon, Etienne
AU  - Lopez-Salido, David
Y1  - 2014/02/11/
PY  - 2014
DA  - 2014 Feb 11
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Labor conditions and policy - Work and labor
KW  - Environment and environmental policy - Weather, climate, and natural disasters
KW  - Population groups, population policy, and demographics - Demography and census
KW  - International relations - War
KW  - Politics - Political dissent and internal conflict
KW  - Business and service sector - Retail business
KW  - United States
KW  - Hurricanes
KW  - Supermarkets
KW  - Prices
KW  - Population
KW  - Conflict
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420284?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gagnon%2C+Etienne%3BLopez-Salido%2C+David&rft.aulast=Gagnon&rft.aufirst=Etienne&rft.date=2014-02-11&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Small+Price+Responses+to+Large+Demand+Shocks&rft.title=Small+Price+Responses+to+Large+Demand+Shocks&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201418/201418pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-18
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Policy Paradoxes in the New Keynesian Model
AN  - 1684419358; 2011-817409
AB  - The most common New-Keynesian model -- with sticky-prices -- has potentially implausible implications in a zero-lower bound environment. Fiscal and forward guidance multipliers can be implausibly large. Moreover, the sticky-price model implies that positive supply shocks, such as an increase in productivity, will lower production, and that increased price flexibility can exacerbate such a decline in output (as well as amplifying the effects of other shocks). These results suggest caution in drawing policy lessons from a single, sticky-price framework. Strategies akin to nominal-income targeting can enhance the ability of policymakers to affect demand in sticky-price and sticky-information models. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 11 2014, 39 pp.
AU  - Kiley, Michael T
Y1  - 2014/02/11/
PY  - 2014
DA  - 2014 Feb 11
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Production
KW  - Prices
KW  - Productivity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419358?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiley%2C+Michael+T&rft.aulast=Kiley&rft.aufirst=Michael&rft.date=2014-02-11&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Policy+Paradoxes+in+the+New+Keynesian+Model&rft.title=Policy+Paradoxes+in+the+New+Keynesian+Model&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201429/201429pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-29
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Interplay between Student Loans and Credit Card Debt: Implications for Default in the Great Recession
AN  - 1684419345; 2011-817395
AB  - Analyzes the interactions between two different forms of unsecured credit and their implications for default behavior of young US households. One type of credit mimics credit cards in the US with a potential bankruptcy filing under Chapter 7; the other mimics student loans in the US with a default option resembling Chapter 13. In the student loan market, the government sets the interest rate and chooses a wage garnishment to pay for the cost associated with default. The study proves the existence of a steady-state equilibrium and characterizes the circumstances under which a household defaults on each of these loans. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 3 2014, 63 pp.
AU  - Ionescu, Felicia
AU  - Ionescu, Marius
Y1  - 2014/02/03/
PY  - 2014
DA  - 2014 Feb 03
PB  - Board of Governors of the Federal Reserve System
KW  - Education and education policy - Education financing and facilities
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Business and service sector - Accounting
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Law and ethics - Corporations and securities law
KW  - United States
KW  - Bankruptcy
KW  - Loans
KW  - Households
KW  - Credit cards
KW  - Credit
KW  - Debt
KW  - Markets
KW  - Student loans
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419345?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201414/201414pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-14
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How the Federal Reserve's Large-scale Asset Purchases (LSAPs) Influence Mortgage-backed Securities (MBS) Yields and U.S. Mortgage Rates
AN  - 1684420297; 2011-817393
AB  - The authors conduct an empirical analysis of the Federal Reserve's large-scale asset purchases (LSAPs) on mortgage-backed securities (MBS) yields and mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more than what would have been suggested by changes in market expectations alone, suggesting that portfolio rebalancing effects of LSAPs are an important consideration for monetary policy transmission. The estimates also suggest that the Federal Reserve must hold a substantial market share of agency MBS or of Treasury securities to significantly lower MBS yields and in turn significantly lower mortgage rates. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2014, 24 pp.
AU  - Hancock, Diana
AU  - Passmore, Wayne
Y1  - 2014/02//
PY  - 2014
DA  - February 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Public finance
KW  - Securities
KW  - Assets
KW  - Treasury
KW  - Markets
KW  - Monetary policy
KW  - Market share
KW  - Mortgages
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Hancock%2C+Diana%3BPassmore%2C+Wayne&rft.aulast=Hancock&rft.aufirst=Diana&rft.date=2014-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+the+Federal+Reserve%27s+Large-scale+Asset+Purchases+%28LSAPs%29+Influence+Mortgage-backed+Securities+%28MBS%29+Yields+and+U.S.+Mortgage+Rates&rft.title=How+the+Federal+Reserve%27s+Large-scale+Asset+Purchases+%28LSAPs%29+Influence+Mortgage-backed+Securities+%28MBS%29+Yields+and+U.S.+Mortgage+Rates&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201412/201412pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-12
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Banks as Patient Fixed Income Investors
AN  - 1684420184; 2011-817396
AB  - Examines the business model of traditional commercial banks in the context of their co-existence with shadow banks. Traditional banks have a stable source of cheap funding, while shadow banks are subject to runs and fire-sale losses. These different funding models in turn influence the kinds of assets that traditional banks and shadow banks hold in equilibrium: traditional banks have a comparative advantage at holding fixed-income assets that have only modest fundamental risk, but are relatively illiquid and have substantial transitory price volatility. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2014, 47 pp.
AU  - Hanson, Samuel G
AU  - Shleifer, Andrei
AU  - Stein, Jeremy C
AU  - Vishny, Robert W
Y1  - 2014/02//
PY  - 2014
DA  - February 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business and business enterprises
KW  - Trade and trade policy - Export-import trade
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - Comparative advantage (commerce)
KW  - Risk
KW  - Investors
KW  - Business
KW  - Assets
KW  - Prices
KW  - Patients
KW  - Banking
KW  - Income
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201415/201415pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-15
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Household Investors Noise Traders: Evidence from Belief Dispersion and Stock Trading Volume
AN  - 1684418767; 2011-817414
AB  - Documents a robust positive relationship between the belief dispersion about macroeconomic conditions among household investors and the stock market trading volume, using more than 30 years of household survey data and a novel approach to measuring belief dispersions. Notably, such a relationship prevails even after various series of professional analysts' belief dispersions are considered. Consistent with a causal effect, such a relationship is most pronounced for belief dispersion among individuals who are most likely to own stocks and for trading volume of stocks that are most visible to household investors. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 2014, 46 pp.
AU  - Li, Dan
AU  - Li, Geng
Y1  - 2014/02//
PY  - 2014
DA  - February 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Banking and public and private finance - Investments and securities
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Environment and environmental policy - Pollution and environmental degradation
KW  - Economic conditions and policy - Economic theory
KW  - Investors
KW  - Households
KW  - Noise
KW  - Macroeconomics
KW  - Surveys
KW  - Stocks
KW  - Stock market
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Li%2C+Dan%3BLi%2C+Geng&rft.aulast=Li&rft.aufirst=Dan&rft.date=2014-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+Household+Investors+Noise+Traders%3A+Evidence+from+Belief+Dispersion+and+Stock+Trading+Volume&rft.title=Are+Household+Investors+Noise+Traders%3A+Evidence+from+Belief+Dispersion+and+Stock+Trading+Volume&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201435/201435pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-35
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Fourth Quarter, 2013
AN  - 1526939603
AB  - Ameris Bancorp, Moultrie, GA, has requested the Board's approval under section 3 of the Bank Holding Company Act to acquire The Prosperity Banking Co and thereby indirectly acquire its subsidiary bank, Prosperity Bank, both of St. Augustine, FL. Immediately following the proposed acquisition, Prosperity Bank would be merged into Ameris's subsidiary bank, Ameris Bank, Moultrie, a state nonmember bank. Notice of the proposal, affording interested persons an opportunity to submit comments, has been published in the Federal Register (78 Federal Register 35033 (2013). The time for submitting comments has expired, and the Board has considered the proposal and all comments received in light of the factors set forth in section 3 of the BHC Act. On consummation of this proposal, Ameris would become the 215th largest depository organization in the US, with total consolidated assets of approximately $3.6 billion, which represent less than 1% of the total amount of assets of insured depository institutions in the US.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2014/02//
PY  - 2014
DA  - Feb 2014
SP  - 1
EP  - 58
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 100
IS  - 1
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Banking industry
KW  - Acquisitions & mergers
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Fourth+Quarter%2C+2013&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2014-02-01&rft.volume=100&rft.issue=1&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Ameris Bancorp; Prosperity Bank & Trust Co
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Feb 2014
N1  - Document feature - References
N1  - Last updated - 2014-05-22
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Tips from TIPS: The Informational Content of Treasury Inflation-protected Security Prices
AN  - 1684419971; 2011-817405
AB  - US Treasury Inflation-protected Securities (TIPS) are notes and bonds with coupons and principal payments indexed to inflation. Using no-arbitrage term structure models, this study shows that TIPS yields contained liquidity premiums as large as 100 basis points when TIPS were first issued, reflecting the newness of the instrument, and up to 350 basis points during the recent financial crisis, reflecting common funding constraints affecting a variety of financial markets. Ignoring TIPS liquidity premiums is shown to significantly distort the information content of TIPS yields and TIPS breakeven inflation rates, two widely-used empirical proxies for real rates and expected inflation. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 31 2014, 9 pp.
AU  - D'Amico, Stefania
AU  - Kim, Don H
AU  - Wei, Min
Y1  - 2014/01/31/
PY  - 2014
DA  - 2014 Jan 31
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - United States
KW  - Securities
KW  - Bonds
KW  - Finance
KW  - Prices
KW  - Treasury
KW  - Inflation
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419971?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=D%27Amico%2C+Stefania%3BKim%2C+Don+H%3BWei%2C+Min&rft.aulast=D%27Amico&rft.aufirst=Stefania&rft.date=2014-01-31&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Tips+from+TIPS%3A+The+Informational+Content+of+Treasury+Inflation-protected+Security+Prices&rft.title=Tips+from+TIPS%3A+The+Informational+Content+of+Treasury+Inflation-protected+Security+Prices&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201424/201424pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-24
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Using Data on Seller Behavior to Forecast Short-run House Price Changes
AN  - 1684419748; 2011-817397
AB  - Constructs a new 'list-price index' that accurately reveals trends in house prices several months before existing sales price indices like Case-Shiller. The authors' index is based on the repeat-sales approach but for recent months uses listings data, which are available essentially in real time, instead of transactions data, which become available with significant lags. The index methodology is motivated by a simple model of the home-selling problem that shows how listings variables such as the list price and marketing time help predict the final sales price. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 29 2014, 52 pp.
AU  - Anenberg, Elliot
AU  - Laufer, Steven
Y1  - 2014/01/29/
PY  - 2014
DA  - 2014 Jan 29
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Education and education policy - Information services and sources
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Sales
KW  - Indexes
KW  - Prices
KW  - Marketing
KW  - Housing policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419748?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Anenberg%2C+Elliot%3BLaufer%2C+Steven&rft.aulast=Anenberg&rft.aufirst=Elliot&rft.date=2014-01-29&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Using+Data+on+Seller+Behavior+to+Forecast+Short-run+House+Price+Changes&rft.title=Using+Data+on+Seller+Behavior+to+Forecast+Short-run+House+Price+Changes&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201416/201416pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-16
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience
AN  - 1684419672; 2011-817403
AB  - Re-examines the relationship between money and interest rates with a focus on recent years, when the opportunity cost of M2 has dropped below zero. Until the late 1980s, a stable relationship between monetary aggregates and the opportunity cost of holding money -- measured as the spread between the three-month Treasury bill yield and the deposit-weighted average return on M2 assets -- existed, and played an integral role in the conduct of monetary policy. Possibly, the more recent shifts could be due to the effects of regulatory and monetary policy changes rather than a fundamental shift in the relationship between money and opportunity cost. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 24 2014, 42 pp.
AU  - Judson, Ruth
AU  - Schlusche, Bernd
AU  - Wong, Vivian
Y1  - 2014/01/24/
PY  - 2014
DA  - 2014 Jan 24
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Money, currency, and financial instruments
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic theory
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Interest rates
KW  - Cost
KW  - Assets
KW  - Money
KW  - Treasury
KW  - Regulation
KW  - Monetary policy
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Judson%2C+Ruth%3BSchlusche%2C+Bernd%3BWong%2C+Vivian&rft.aulast=Judson&rft.aufirst=Ruth&rft.date=2014-01-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Demand+for+M2+at+the+Zero+Lower+Bound%3A+The+Recent+U.S.+Experience&rft.title=Demand+for+M2+at+the+Zero+Lower+Bound%3A+The+Recent+U.S.+Experience&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201422/201422pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-22
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Interest Rate Elasticity of Mortgage Demand: Evidence from Bunching at the Conforming Loan Limit
AN  - 1684419875; 2011-817392
AB  - The relationship between the mortgage interest rate and a household's demand for mortgage debt has important implications for a host of public policy questions. This study uses detailed data on over 2.7 million mortgages to provide novel estimates of the interest rate elasticity of mortgage demand. The authors predict the changes in mortgage demand implied by past and proposed future increases to the guarantee fees charged by Fannie and Freddie and conclude that these increases would directly reduce the dollar volume of new mortgage originations by well under 1%. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 15 2014, 60 pp.
AU  - DeFusco, Anthony A
AU  - Paciorek, Andrew
Y1  - 2014/01/15/
PY  - 2014
DA  - 2014 Jan 15
PB  - Board of Governors of the Federal Reserve System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Politics - Politics and policy-making
KW  - Business and service sector - Accounting
KW  - Interest rates
KW  - Loans
KW  - Debt
KW  - Public policy
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419875?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=DeFusco%2C+Anthony+A%3BPaciorek%2C+Andrew&rft.aulast=DeFusco&rft.aufirst=Anthony&rft.date=2014-01-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Interest+Rate+Elasticity+of+Mortgage+Demand%3A+Evidence+from+Bunching+at+the+Conforming+Loan+Limit&rft.title=The+Interest+Rate+Elasticity+of+Mortgage+Demand%3A+Evidence+from+Bunching+at+the+Conforming+Loan+Limit&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201411/201411pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-11
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Idiosyncratic Investment Risk and Business Cycles
AN  - 1684419856; 2011-817389
AB  - Due to imperfect risk sharing, aggregate shocks to uncertainty about idiosyncratic return on investment generate economic contractions with elevated risk premia and a decrease in the risk-free rate. This study presents a tractable real business cycle model in which firms experience idiosyncratic shocks, to which managers are at least partially exposed; the distribution of these shocks is time-varying and stochastic. The path for aggregate quantities, the price of physical capital, and the equity premium are the same as in a model without idiosyncratic risk, but with time-preference shocks. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 10 2014, 27 pp.
AU  - Goldberg, Jonathan E
Y1  - 2014/01/10/
PY  - 2014
DA  - 2014 Jan 10
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Social values
KW  - Economic conditions and policy - Property and wealth
KW  - Risk
KW  - Investments
KW  - Prices
KW  - Capital
KW  - Business cycles
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419856?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Goldberg%2C+Jonathan+E&rft.aulast=Goldberg&rft.aufirst=Jonathan&rft.date=2014-01-10&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Idiosyncratic+Investment+Risk+and+Business+Cycles&rft.title=Idiosyncratic+Investment+Risk+and+Business+Cycles&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201405/201405pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-05
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - National Bank Examinations and Operations in the Early 1890s
AN  - 1684420272; 2011-817400
AB  - Uses information from examination reports to enrich the understanding of both the examination process and bank operations for National Banks in the early 1890s, the height of the National Banking Era. The authors describe the examination process and its frequency, as well as the information contained in the examinations relating to bank ownership and corporate governance, the composition and quality of the loan book, dividend payments made by the banks, and the use of different types of liabilities. The sample of banks is from the larger cities, which allows for comparing similar banks in different regions of the country. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 44 pp.
AU  - Calomiris, Charles W
AU  - Carlson, Mark
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Business and service sector - Business organization and administration
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Investments and securities
KW  - Corporate governance
KW  - Loans
KW  - Dividends
KW  - Liability
KW  - Banking
KW  - Payment
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420272?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Calomiris%2C+Charles+W%3BCarlson%2C+Mark&rft.aulast=Calomiris&rft.aufirst=Charles&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=National+Bank+Examinations+and+Operations+in+the+Early+1890s&rft.title=National+Bank+Examinations+and+Operations+in+the+Early+1890s&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201419/201419pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-19
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Reconstruction Multipliers
AN  - 1684420264; 2011-817376
AB  - A law issued to allocate reconstruction grants following the 2009 'Aquilano' earthquake has resulted in a large and unanticipated discontinuity across municipalities with comparable damages. Using diff-in-diff analysis, this study estimates the 'local spending' and the 'local tax' multipliers -- according to the composition of the stimulus -- controlling for the negative supply shock generated by the event. The stimulus prevented a fall in economic activity; and the multiplicative effects of tax cuts are estimated much higher than those of spending. The results underline the importance of countercyclical fiscal interventions and suggest the most effective composition of such a stimulus. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, 2014, 48 pp.
AU  - Trezzi, Riccardo
AU  - Porcelli, Francesco
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Environment and environmental policy - Weather, climate, and natural disasters
KW  - Law and ethics - Law and jurisprudence
KW  - Law and ethics - Civil law
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Earthquakes
KW  - Damages
KW  - Law
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420264?accountid=14244
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L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201479pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-79
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Peer-to-peer Lending to Small Businesses
AN  - 1684420251; 2011-817391
AB  - The current paper examines loan-level data from Lending Club to look at peer-to-peer borrowing by small businesses. Summary statistics show an increasing number of small business loan applications over time. Beginning in 2010 -- when consistent measures of loan purpose were recorded for all applications -- loan applications for small businesses were on average less likely than loans for other purposes to have been funded. However, logistic regression results that control for the quality of the application show that, holding all else constant, applications for a loan for a small business were almost twice as likely to have been funded than other loans. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jan 2014, 26 pp.
AU  - Mach, Traci L
AU  - Carter, Courtney M
AU  - Slattery, Cailin R
Y1  - 2014/01//
PY  - 2014
DA  - January 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Social conditions and policy - Associations and meetings
KW  - Statistics
KW  - Loans
KW  - Small business
KW  - Clubs
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420251?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201410/201410pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-10
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - State Mandated Financial Education and the Credit Behavior of Young Adults
AN  - 1684420123; 2011-817386
AB  - Despite the growth of financial and economic education provided in public schools, little is known about the effect of these programs on the credit behaviors of young adults. Using a panel of credit report data, this study examines young adults in three states where personal financial education mandates were implemented in 2007: Georgia, Idaho, and Texas. It finds that young people who are in school after the implementation of a financial education requirement have higher relative credit scores and lower relative delinquency rates than those in control states. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 41 pp.
AU  - Brown, Alexandra
AU  - Collins, J Michael
AU  - Schmeiser, Maximilian
AU  - Urban, Carly
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Education and education policy - Education
KW  - Population groups, population policy, and demographics - Children and youth
KW  - Education and education policy - Schools
KW  - Idaho
KW  - Education
KW  - Schools
KW  - Credit
KW  - Texas
KW  - Georgia
KW  - Young adults
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684420123?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Brown%2C+Alexandra%3BCollins%2C+J+Michael%3BSchmeiser%2C+Maximilian%3BUrban%2C+Carly&rft.aulast=Brown&rft.aufirst=Alexandra&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=State+Mandated+Financial+Education+and+the+Credit+Behavior+of+Young+Adults&rft.title=State+Mandated+Financial+Education+and+the+Credit+Behavior+of+Young+Adults&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201468/201468pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-68
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Survey Incentives, Survey Effort, and Survey Costs
AN  - 1684419950; 2011-817381
AB  - This paper uses the 2007 and 2010 waves of the Survey of Consumer Finances (SCF) to investigate how monetary incentives affect the time and effort that interviewers expend during the survey field period and how these incentives affect effort expended by the survey respondent. The results imply that a larger monetary incentive offer helps reduce contact attempts and time in the field while maintaining data quality and effort during the survey by the respondent. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 36 pp.
AU  - Bricker, Jesse
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Consumers and consumption
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Surveys
KW  - Consumers
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419950?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bricker%2C+Jesse&rft.aulast=Bricker&rft.aufirst=Jesse&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Survey+Incentives%2C+Survey+Effort%2C+and+Survey+Costs&rft.title=Survey+Incentives%2C+Survey+Effort%2C+and+Survey+Costs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201474pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-74
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Importance of Updating: Evidence from a Brazilian Nowcasting Model
AN  - 1684419585; 2011-817115
AB  - Unlike other financial institutions, the Central Bank of Brazil collects and publishes a daily survey on GDP and other variables. The aim of this article is to evaluate the forecasting performance of the Central Bank of Brazil Survey and to compare it with the mechanical forecasts based on state-of-the-art nowcasting techniques. Results indicate that institutional forecasts perform as well as model-based forecasts. The latter finding suggests that, on the one hand, judgmental forecasters do not have computational limitations and are able to incorporate very quickly new information in a way that is as efficient as a machine. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, 2014, 23 pp.
AU  - Bragoli, Daniela
AU  - Metelli, Luca
AU  - Modugno, Michele
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Central banks
KW  - Brazil
KW  - Surveys
KW  - Forecasting
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419585?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bragoli%2C+Daniela%3BMetelli%2C+Luca%3BModugno%2C+Michele&rft.aulast=Bragoli&rft.aufirst=Daniela&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Importance+of+Updating%3A+Evidence+from+a+Brazilian+Nowcasting+Model&rft.title=The+Importance+of+Updating%3A+Evidence+from+a+Brazilian+Nowcasting+Model&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201494pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-94
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Low Frequency Effects of Macroeconomic News on Government Bond Yields
AN  - 1684419555; 2011-817428
AB  - This study analyzes the reaction of the US Treasury bond market to innovations in macroeconomic fundamentals. It identifies these innovations with macroeconomic news, defined as differences between the actual releases and their market expectations. Macroeconomic news explains about one-third of the low frequency (quarterly) fluctuations of long-term bond yields. When focusing on the high frequency (daily) movements, this share decreases to one-tenth. This result is due to the fact that macro news have a persistent effect on the yield curve: Non-fundamental factors, instead, substantially influence the day-to-day movements of bond yields, but their effects are shorter-living and mean-reverting. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 34 pp.
AU  - Altavilla, Carlo
AU  - Giannone, Domenico
AU  - Modugno, Michele
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Media - Journalism and the news
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - United States
KW  - Bonds
KW  - Treasury
KW  - Macroeconomics
KW  - Markets
KW  - News
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419555?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Altavilla%2C+Carlo%3BGiannone%2C+Domenico%3BModugno%2C+Michele&rft.aulast=Altavilla&rft.aufirst=Carlo&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Low+Frequency+Effects+of+Macroeconomic+News+on+Government+Bond+Yields&rft.title=The+Low+Frequency+Effects+of+Macroeconomic+News+on+Government+Bond+Yields&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201452/201452pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-52
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financial Frictions, Financial Shocks, and Aggregate Volatility
AN  - 1684419526; 2011-817372
AB  - Revisits the Great Inflation and the Great Moderation. A model with time-varying financial frictions and financial shocks allowing for structural breaks in the size of shocks and the institutional framework is estimated. The paper shows that (1) While the Great Inflation was driven by bad luck, the Great Moderation is mostly due to better institutions; (2) The slowdown in credit spreads is driven by an easier access to credit, while a higher exposure to financial risk determines the immoderation of balance sheet variables; and (3) Financial shocks arise as relevant drivers of US business cycle fluctuations. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 49 pp.
AU  - Fuentes-Albero, Cristina
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Accounting
KW  - United States
KW  - Risk
KW  - Credit
KW  - Inflation
KW  - Balance sheets
KW  - Business cycles
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419526?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Fuentes-Albero%2C+Cristina&rft.aulast=Fuentes-Albero&rft.aufirst=Cristina&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financial+Frictions%2C+Financial+Shocks%2C+and+Aggregate+Volatility&rft.title=Financial+Frictions%2C+Financial+Shocks%2C+and+Aggregate+Volatility&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2014/files/201484pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-84
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How Well Did Social Security Mitigate the Effects of the Great Recession?
AN  - 1684419501; 2011-817394
AB  - This paper quantifies the welfare implications of the US Social Security program during the Great Recession. The average welfare losses due to the Great Recession for agents alive at the time of the shock are notably smaller in an economy with Social Security relative to an economy without a Social Security program. Moreover, Social Security is particularly effective at mitigating the welfare losses for agents who are poorer, less productive, or older at the time of the shock. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2014, 57 pp.
AU  - Peterman, William B
AU  - Sommer, Kamila
Y1  - 2014/01//
PY  - 2014
DA  - January 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Social policy and social development
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Economic conditions
KW  - United States
KW  - Welfare economics
KW  - Economic conditions
KW  - Social insurance
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419501?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Peterman%2C+William+B%3BSommer%2C+Kamila&rft.aulast=Peterman&rft.aufirst=William&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+Well+Did+Social+Security+Mitigate+the+Effects+of+the+Great+Recession%3F&rft.title=How+Well+Did+Social+Security+Mitigate+the+Effects+of+the+Great+Recession%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201413/201413pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-13
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Human Capital and Unemployment Dynamics: Why More Educated Workers Enjoy Greater Employment Stability
AN  - 1684419453; 2011-817390
AB  - Explores why more educated workers experience lower unemployment rates and lower employment volatility: A closer look at the data reveals that these workers have similar job finding rates, but much lower and less volatile separation rates than their less educated peers. The authors argue that on-the-job training, being complementary to formal education, is the reason for this pattern. Using a search and matching model with endogenous separations, they find that investments in match-specific human capital reduce the outside option of workers, implying less incentives to separate. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 58 pp.
AU  - Cairo, Isabel
AU  - Cajner, Tomaz
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Investments and securities
KW  - Education and education policy - Education
KW  - Education
KW  - Human capital
KW  - Investments
KW  - Unemployment
KW  - Employment
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1684419453?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Cairo%2C+Isabel%3BCajner%2C+Tomaz&rft.aulast=Cairo&rft.aufirst=Isabel&rft.date=2014-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Human+Capital+and+Unemployment+Dynamics%3A+Why+More+Educated+Workers+Enjoy+Greater+Employment+Stability&rft.title=Human+Capital+and+Unemployment+Dynamics%3A+Why+More+Educated+Workers+Enjoy+Greater+Employment+Stability&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2014/201409/201409pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-09
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Tale of Two Option Markets: Pricing Kernels and Volatility Risk
AN  - 1684419399; 2011-817432
AB  - Using prices of both S&P 500 options and recently introduced Volatility Index (VIX) options, this research studies asset pricing implications of volatility risk. While pointing out the joint pricing kernel is not identified nonparametrically, the study proposes model-free estimates of marginal pricing kernels of the market return and volatility conditional on the VIX and finds that the pricing kernel of market return exhibits a decreasing pattern given either a high or low VIX level, whereas the unconditional estimates present a U-shape. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2014, 42 pp.
AU  - Song, Zhaogang
AU  - Xiu, Dacheng
Y1  - 2014/01//
PY  - 2014
DA  - January 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Public safety and security
KW  - Education and education policy - Information services and sources
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Indexes
KW  - Risk
KW  - Assets
KW  - Prices
KW  - Markets
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201458/201458pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-58
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bank Failure, Relationship Lending, and Local Economic Performance
AN  - 1684418921; 2011-817419
AB  - Whether bank failures have adverse effects on local economies is an important question for which there is conflicting and relatively scarce evidence. This study uses county-level data to examine the effect of bank failures and resolutions on local economies. Using quasi-experimental techniques as well as cross-sectional variation in bank failures, this study shows that recent bank failures lead to lower income and compensation growth, higher poverty rates, and lower employment. Additionally, the structure of bank resolution appears to be important. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 39 pp.
AU  - Kandrac, John
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Social conditions and policy - Social conditions and problems
KW  - Economic conditions and policy - Economic conditions
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Accounting
KW  - Poverty
KW  - Bank failures
KW  - Employment
KW  - Banking
KW  - Income
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201441/201441pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-41
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Assessing the Effects of the Zero-Interest-Rate Policy through the Lens of a Regime-Switching DSGE Model
AN  - 1684417506; 2011-817417
AB  - Standard dynamic stochastic general equilibrium (DSGE) models assume a Taylor rule and forecast an increase in interest rates immediately after the 2007-2009 economic recession given the predicted output and inflation, contradictory to the extended period of near-zero interest rate policy (ZIRP) conducted by the Federal Reserve. This study examines two methods of modeling the ZIRP in DSGE models: the perfect foresight rational expectations model and the Markov regime-switching model. The author argues the regime-switching model proposed is more appropriate to assess the effectiveness of the ZIRP, which is effective in stimulating the economy. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, 2014, 44 pp.
AU  - Chen, Han
Y1  - 2014///0,
PY  - 2014
DA  - 0, 2014
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Interest rates
KW  - Inflation
KW  - Standards
KW  - Regulation
KW  - Economic conditions
KW  - Decision-making
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201438/201438pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2014
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-38
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Monetary Policy and Real Borrowing Costs and the Zero Lower Bound
AN  - 1537585317; 2011-582668
AB  - Compares the effects of conventional monetary policy on real borrowing costs with those of the unconventional measures employed after the target federal funds rate hit the zero lower bound (ZLB). For the ZLB period, the authors identify two policy surprises: changes in the 2-year Treasury yield around policy announcements and changes in the 10-year Treasury yield that are orthogonal to those in the 2-year yield. The efficacy of unconventional policy in lowering real borrowing costs is comparable to that of conventional policy, in that it implies a complete pass-through of policy-induced movements in Treasury yields to comparable-maturity private yields. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Dec 19 2013, 36 pp.
AU  - Gilchrist, Simon
AU  - Lopez-Salido, David
AU  - Zakrajsek, Egon
Y1  - 2013/12/19/
PY  - 2013
DA  - 2013 Dec 19
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic theory
KW  - Banking and public and private finance - Public finance
KW  - Cost
KW  - Treasury
KW  - Monetary policy
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201403/201403pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2014-03
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Robust Capital Asset Pricing Model
AN  - 1537585033; 2011-582666
AB  - Builds a market equilibrium theory of asset prices under Knightian uncertainty. Adopting the mean-variance decisionmaking model of Maccheroni, Marinacci, and Ruffino (2013a), it derives explicit demands for assets and formulates a robust version of the two-fund separation theorem. Upon market clearing, all investors hold ambiguous assets in the same relative proportions as the assets' market values. The resulting uncertainty-return tradeoff is a robust security market line in which the ambiguous return on an asset is measured by its beta (systematic ambiguity). A simple example on portfolio performance measurement illustrates the importance of writing ambitious, robust asset-pricing models. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Dec 17 2013, 14 pp.
AU  - Ruffino, Doriana
Y1  - 2013/12/17/
PY  - 2013
DA  - 2013 Dec 17
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Science and technology policy - Mathematics
KW  - Banking and public and private finance - Investments and securities
KW  - Securities
KW  - Measurement
KW  - Investors
KW  - Assets
KW  - Prices
KW  - Capital
KW  - Markets
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201401/201401pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2014-01
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Unemployment Insurance Experience Rating and Labor Market Dynamics
AN  - 1537585643; 2011-582678
AB  - Unemployment insurance (UI) experience rating imposes higher payroll tax rates on firms that have laid off more workers in the past. To analyze the effects of UI tax policy on labor market dynamics, this paper develops a search model of unemployment with heterogeneous firms and realistic UI financing. The model predicts that higher experience rating reduces both job creation and job destruction. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Dec 11 2013, 67 pp.
AU  - Ratner, David D
Y1  - 2013/12/11/
PY  - 2013
DA  - 2013 Dec 11
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Work and labor
KW  - Labor conditions and policy - Labor policy and labor law
KW  - Business and service sector - Insurance
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Labor conditions and policy - Employment and labor supply
KW  - Labor policy
KW  - Unemployment
KW  - Rating
KW  - Unemployment insurance
KW  - Tax policy
KW  - Markets
KW  - Labor
KW  - Payroll tax
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201386/201386pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-86
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Insensitivity of Investment to Interest Rates: Evidence from a Survey of CFOs
AN  - 1537585355; 2011-582667
AB  - A fundamental tenet of investment theory and the traditional theory of monetary policy transmission is that investment expenditures by businesses are negatively affected by interest rates -- Yet, a large body of empirical research offer mixed evidence, at best, for a substantial interest-rate effect on investment. This paper examines the sensitivity of investment plans to interest rates using a set of special questions asked of chief financial officers (CFOs) in the Global Business Outlook Survey conducted in the third quarter of 2012. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Dec 3 2013, 40 pp.
AU  - Sharpe, Steve A
AU  - Suarez, Gustavo A
Y1  - 2013/12/03/
PY  - 2013
DA  - 2013 Dec 03
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Banking and public and private finance - Public finance
KW  - Interest rates
KW  - Investments
KW  - Business
KW  - Appropriations and expenditures
KW  - Surveys
KW  - Monetary policy
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201402/201402pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2014-02
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Consumer Experiences with Credit Cards
AN  - 1490922368
AB  - Recent fluctuations in economic activity and changes in the regulation of credit cards have greatly affected the US credit card market. Card issuers have responded to the changing economic conditions and regulatory environment by altering the prices and terms offered on credit cards, the size of credit lines made available to cardholders, and the marketing of and access to their products. This article examines consumers' behavior, experiences, and attitudes with regard to credit cards in the aftermath of these economic and regulatory changes. Much of the data for this article are from a Federal Reserve-sponsored nationwide consumer survey conducted in February 2012 by the Thomson Reuters/University of Michigan Surveys of Consumers. Overall, about one-fourth of cardholders surveyed in 2012 reported having an adverse experience related to credit cards in the previous year, such as having an application for a credit card turned down, receiving a lower credit limit than requested, or experiencing an increase in interest rates or fees.
JF  - Federal Reserve Bulletin
AU  - Canner, Glenn B
AU  - Elliehausen, Gregory
Y1  - 2013/12//
PY  - 2013
DA  - Dec 2013
SP  - 1
EP  - 36
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 99
IS  - 5
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Credit cards
KW  - Consumer behavior
KW  - Market surveys
KW  - Recessions
KW  - Consumer protection
KW  - Consumer attitudes
KW  - Studies
KW  - United States--US
KW  - 9130:Experiment/theoretical treatment
KW  - 7100:Market research
KW  - 8120:Retail banking services
KW  - 4310:Regulation
KW  - 1110:Economic conditions & forecasts
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Dec 2013
N1  - Document feature - Graphs; Tables; References
N1  - Last updated - 2014-01-22
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy
AN  - 1537585660; 2011-582687
AB  - The recent financial crisis and ensuing recession appear to have put the productive capacity of the economy on a lower and shallower trajectory than the one that seemed to be in place prior to 2007. This study estimates that potential GDP is currently about 7% below the trajectory it appeared to be on prior to 2007. A significant portion of the recent damage to the supply side of the economy plausibly was endogenous to the weakness in aggregate demand -- contrary to the conventional view that policymakers must simply accommodate themselves to aggregate supply conditions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 21 2013, 60 pp.
AU  - Reifschneider, Dave
AU  - Wascher, William
AU  - Wilcox, David
Y1  - 2013/11/21/
PY  - 2013
DA  - 2013 Nov 21
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - United States
KW  - Finance
KW  - Economic conditions
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585660?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Reifschneider%2C+Dave%3BWascher%2C+William%3BWilcox%2C+David&rft.aulast=Reifschneider&rft.aufirst=Dave&rft.date=2013-11-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Aggregate+Supply+in+the+United+States%3A+Recent+Developments+and+Implications+for+the+Conduct+of+Monetary+Policy&rft.title=Aggregate+Supply+in+the+United+States%3A+Recent+Developments+and+Implications+for+the+Conduct+of+Monetary+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201377/201377pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-77
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Federal Reserve's Framework for Monetary Policy -- Recent Changes and New Questions
AN  - 1537585653; 2011-582688
AB  - In recent years, the Federal Reserve has made substantial changes to its framework for monetary policymaking by providing greater clarity regarding its objectives, its intentions regarding the use of monetary policy -- including nontraditional policy tools such as forward guidance and asset purchases -- in the pursuit of those objectives and its broader policy strategy. These changes reflected both a response to changes in economists' understanding of the most effective way to implement monetary policy and a response to specific challenges posed by the financial crisis and its aftermath, particularly the effective lower bound on nominal interest rates. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 6 2013, 53 pp.
AU  - English, William B
AU  - Lopez-Salido, J David
AU  - Tetlow, Robert J
Y1  - 2013/11/06/
PY  - 2013
DA  - 2013 Nov 06
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic research
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Interest rates
KW  - Finance
KW  - Assets
KW  - Economists
KW  - Economic conditions
KW  - Monetary policy
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=English%2C+William+B%3BLopez-Salido%2C+J+David%3BTetlow%2C+Robert+J&rft.aulast=English&rft.aufirst=William&rft.date=2013-11-06&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Federal+Reserve%27s+Framework+for+Monetary+Policy+--+Recent+Changes+and+New+Questions&rft.title=The+Federal+Reserve%27s+Framework+for+Monetary+Policy+--+Recent+Changes+and+New+Questions&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201376/201376pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-76
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Surprisingly Swift Decline of U.S. Manufacturing Employment
AN  - 1684420201; 2011-817388
AB  - This paper finds a link between the sharp drop in US manufacturing employment beginning in 2001 and a change in US trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment losses along with larger increases in the value of imports from China and the number of firms engaged in China-US trade. These results are robust to other potential explanations of the employment loss -- Also, US employment trends differ from those in the EU, where there was no change in policy. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2013, 54 pp.
AU  - Pierce, Justin R
AU  - Schott, Peter K
Y1  - 2013/11//
PY  - 2013
DA  - November 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Trade and trade policy - Customs administration and duties
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - International relations - Regional organizations
KW  - Administration of justice - Crime and criminals
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Threats
KW  - United States
KW  - European Union
KW  - Manufacturing
KW  - Tariff
KW  - Employment
KW  - China (People's Republic)
KW  - Industry
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2014/201404/201404pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-02-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion ser. 2014-04
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Learning, Rare Disasters, and Asset Prices
AN  - 1537585362; 2011-582679
AB  - Examines how learning about disaster risk affects asset pricing in an endowment economy. The study extends the literature on rare disasters by allowing for two sources of uncertainty: (1) the lack of historical data results in unknown parameters for the disaster process and (2) the disaster takes time to unfold and is not directly observable. The model generates time variation in the risk premium through Bayesian updating of agents' beliefs regarding the likelihood and severity of disaster realization. The model accounts for the level and volatility of US equity returns and generates predictability in returns. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2013, 33 pp.
AU  - Lu, Yang K
AU  - Siemer, Michael
Y1  - 2013/11//
PY  - 2013
DA  - November 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Environment and environmental policy - Weather, climate, and natural disasters
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Philanthropy
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Social values
KW  - United States
KW  - Risk
KW  - Endowments
KW  - Assets
KW  - Prices
KW  - Disasters
KW  - Equality
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201385/201385pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-85
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Mortgage Market Conditions and Borrower Outcomes: Evidence from the 2012 HMDA Data and Matched HMDA-Credit Record Data
AN  - 1468444581
AB  - The Home Mortgage Disclosure Act of 1975 (HMDA) requires most mortgage lending institutions with offices in metropolitan areas to disclose to the public detailed information about their home-lending activity each year. One purpose of this article is to describe mortgage market activity in 2012 and in prior years using the HMDA data. In addition to the review of the 2012 HMDA data, this article presents the results of a first look at a new data set composed of HMDA records matched to borrowers' credit records. One of the article's findings is that the number of mortgage originations reported in the HMDA data for 2012 increased by about 2.7 million to 9.8 million, or 38%, from 2011, driven by a 54% increase in the number of refinance loans. Another finding is that the credit scores of black and Hispanic-white mortgage borrowers at the time of loan origination tend to be lower, and their subsequent delinquency rates higher, compared with those of Asian and non-Hispanic white borrowers.
JF  - Federal Reserve Bulletin
AU  - Bhutta, Neil
AU  - Canner, Glenn B
AU  - Stolarsky, Shira
AU  - Watanagase, Madura
Y1  - 2013/11//
PY  - 2013
DA  - Nov 2013
SP  - 1
EP  - 58
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 99
IS  - 4
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Banking law
KW  - Mortgages
KW  - Home loans
KW  - Disclosure
KW  - Loan originations
KW  - Credit scoring
KW  - Studies
KW  - United States--US
KW  - 3200:Credit management
KW  - 9130:Experiment/theoretical treatment
KW  - 8120:Retail banking services
KW  - 4320:Legislation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Nov 2013
N1  - Document feature - References; Tables; Graphs; Maps
N1  - Last updated - 2013-12-16
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Legal Developments: Third Quarter, 2013
AN  - 1468444550
AB  - This article presents orders issued under the Bank Holding Company Act (BHC Act). Hana Financial Group Inc, Seoul, Republic of Korea (HFG), has requested the Board's approval under section 3 of the BHC Act to acquire up to 71.4% of the voting shares of BNB Financial Services Corp, New York, NY, and indirectly acquire BNB Bank, National Association, Fort Lee, NJ, pursuant to section 3(a)(1) of the BHC Act. Based on the foregoing and all the facts of record, the Board approves the proposal by HFG. Adams Bank & Trust, a state member bank subsidiary of ADBANC Inc, both of Ogallala, NE, has requested the Board's approval under section 9 of the Federal Reserve Act to establish a branch at 370 North Franklin Avenue in Colby, KS. Based on the foregoing and all the facts of record, the Board has determined that the application should be, and hereby is, approved.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2013/11//
PY  - 2013
DA  - Nov 2013
SP  - 1
EP  - 22
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 99
IS  - 3
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank Holding Company Act 1956-US
KW  - Bank acquisitions & mergers
KW  - Branch banking
KW  - Regulatory approval
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 4320:Legislation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Nov 2013
N1  - Document feature - References
N1  - Last updated - 2013-12-16
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Repo Collateral Fire Sales: The Effects of Exemption from Automatic Stay
AN  - 1537585420; 2011-582681
AB  - Explores the consequences of a potential fire sale stemming from the exemption of repurchase agreements (repos) from automatic stay. This paper shows that repo's exemption from stay alters firms' financing and investment decisions ex ante. Fire sales arise endogenously because of limited capital available to purchase collateral posted by insolvent firms, ie, cash-in-the-market pricing. In contrast, when repo is subject to automatic stay, secured lenders do not receive their collateral immediately, reducing the severity of a fire sale and ex-ante price distortions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 25 2013, 46 pp.
AU  - Infante, Sebastian
Y1  - 2013/10/25/
PY  - 2013
DA  - 2013 Oct 25
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Property and wealth
KW  - Sales
KW  - Investments
KW  - Finance
KW  - Prices
KW  - Capital
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201383/201383pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-83
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Sectoral Allocation, Risk Efficiency and the Great Moderation
AN  - 1537585837; 2011-582691
AB  - Argues that the decline in US real GDP growth volatility after the mid-1980s was an outcome of more risk efficient and more diversified sectoral allocations. Using a portfolio approach, this study distinguishes between the two determinants of GDP growth volatility: sectoral covariances and sectoral allocations. There are three main findings: (1) The frontier has shifted due to a lower sectoral growth rate and a higher sectoral variance; 2) The distance of the economy from the frontier has decreased; (3) The US economy became more diversified across sectors after the early 1980s, shifting away from manufacturing and agriculture towards services. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Oct 22 2013, 38 pp.
AU  - Tase, Manjola
Y1  - 2013/10/22/
PY  - 2013
DA  - 2013 Oct 22
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Agriculture and agricultural policy - Crop management and agricultural production
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - Agriculture
KW  - United States
KW  - Risk
KW  - Manufacturing
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585837?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201373/201373pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-73
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Who Works for Startups? The Relation between Firm Age, Employee Age, and Growth
AN  - 1537585978; 2011-582689
AB  - Young firms disproportionately employ young workers, controlling for firm size, industry, geography, and time. The same positive correlation between young firms and young employees holds for new hires. On average, young employees in young firms earn higher wages than young employees in older firms. Further, young employees disproportionately join young firms with greater innovation potential and that exhibit higher growth, conditional on survival. An increase in the regional supply of young workers is positively related to the rate of new firm creation, especially in high tech industries, suggesting a causal link between the supply of young workers and new firm creation. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2013, 44 pp.
AU  - Ouimet, Paige
AU  - Zarutskie, Rebecca
Y1  - 2013/10//
PY  - 2013
DA  - October 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Work and labor
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Environment and environmental policy - Geography and cartography
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Business and service sector - Business and business enterprises
KW  - Corporations
KW  - Employees
KW  - Geography
KW  - Industry
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201375/201375pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-75
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Volatility, Labor Heterogeneity and Asset Prices
AN  - 1537585942; 2011-582693
AB  - Shows that a firm's reliance on skilled labor is an underlying determinant of its exposure to aggregate volatility risk. This study presents a model in which firms make hiring and firing decisions in an environment of time-varying aggregate volatility and face linear adjustment costs that increase with the skill of a worker. The rise in aggregate volatility has a more pronounced impact on firms with a high share of skilled labor because their labor is more costly to adjust. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2013, 48 pp.
AU  - Ochoa, Marcelo
Y1  - 2013/10//
PY  - 2013
DA  - October 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Work and labor
KW  - Business and service sector - Business finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Social conditions and policy - Public safety and security
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Risk
KW  - Assets
KW  - Prices
KW  - Skilled labor
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585942?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ochoa%2C+Marcelo&rft.aulast=Ochoa&rft.aufirst=Marcelo&rft.date=2013-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Volatility%2C+Labor+Heterogeneity+and+Asset+Prices&rft.title=Volatility%2C+Labor+Heterogeneity+and+Asset+Prices&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201371/201371pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-71
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Declining Labor Force Attachment and Downward Trends in Unemployment and Participation
AN  - 1537585563; 2011-582676
AB  - The US labor market witnessed two apparently unrelated secular movements: a decline in unemployment between the early 1980s and the early 2000s and a decline in participation since the early 2000s. This study shows that a substantial, and hitherto unnoticed, factor behind both trends is a decline in the share of nonparticipants who are at the margin of participation. A lower share of marginal nonparticipants implies a lower unemployment rate, because marginal nonparticipants enter the labor force mostly through unemployment, while other nonparticipants enter the labor force mostly through employment. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Oct 2013, 37 pp.
AU  - Barnichon, Regis
AU  - Figura, Andrew
Y1  - 2013/10//
PY  - 2013
DA  - October 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Work and labor
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - United States
KW  - Unemployment
KW  - Employment
KW  - Markets
KW  - Labor
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Barnichon%2C+Regis%3BFigura%2C+Andrew&rft.aulast=Barnichon&rft.aufirst=Regis&rft.date=2013-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Declining+Labor+Force+Attachment+and+Downward+Trends+in+Unemployment+and+Participation&rft.title=Declining+Labor+Force+Attachment+and+Downward+Trends+in+Unemployment+and+Participation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201388/201388pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-88
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Sticky Deposit Rates
AN  - 1537585532; 2011-582684
AB  - Examines the dynamics of eleven different deposit rates for a panel of over 2,500 branches of about 900 depository institutions observed weekly over ten years. Rates are downwards-flexible and upwards-sticky, and a simple menu cost model can generate this behavior. In the absence of such stickiness, depositors would have received as much as 100 billion dollars more in interest per year during periods when market rates were rising. These results also suggest that deposit rates are likely to lag increases in policy and market rates in future tightening cycles. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Oct 1 2013, 34 pp.
AU  - Driscoll, John C
AU  - Judson, Ruth A
Y1  - 2013/10/01/
PY  - 2013
DA  - 2013 Oct 01
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Business finance
KW  - Cost
KW  - Finance
KW  - Economics
KW  - Markets
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Driscoll%2C+John+C%3BJudson%2C+Ruth+A&rft.aulast=Driscoll&rft.aufirst=John&rft.date=2013-10-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Sticky+Deposit+Rates&rft.title=Sticky+Deposit+Rates&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201380/201380pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-80
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Banks' Internal Risk Parameters Consistent? Evidence from Syndicated Loans
AN  - 1537585028; 2011-582680
AB  - This paper examines consistency in the estimates of probability of default (PD) and loss given default (LGD) that nine large US banks assign to syndicated loans for regulatory capital purposes. Using internal bank data on loans that had PDs and LGDs assigned by more than one bank, there is substantial dispersion in these parameters. The differences in LGDs imply that, for an identical loan portfolio, the bank that sets the highest LGDs would have Basel II minimum regulatory capital twice as large as the bank that sets the lowest LGDs. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Oct 2013, 25 pp.
AU  - Firestone, Simon
AU  - Rezende, Marcelo
Y1  - 2013/10//
PY  - 2013
DA  - October 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Social conditions and policy - Public safety and security
KW  - United States
KW  - Risk
KW  - Loans
KW  - Capital
KW  - Regulation
KW  - Banking
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201384/201384pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-84
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Effects of bankruptcy exemptions and foreclosure laws on mortgage default and foreclosure rates
AN  - 1443632252; 4492899
AB  - This study analyzes the effects of state bankruptcy asset exemptions and foreclosure laws on mortgage default and foreclosure rates across different segments of the mortgage market. We found that the effects of these legal provisions are larger for subprime than for prime mortgages and larger for adjustable rate mortgages than for fixed rate mortgages. These results demonstrate that the effect of variation in bankruptcy exemptions and foreclosure laws is most pronounced in the most risky segments of the mortgage market, which are those that have been most affected by the continuing housing slump in the United States. Reprinted by permission of Springer
JF  - Journal of real estate finance and economics
AU  - Desai, Chintal A
AU  - Elliehausen, Gregory
AU  - Steinbuks, Jevgenijs
AD  - University of Texas ; Board of Governors of the Federal Reserve System ; Purdue University
Y1  - 2013/10//
PY  - 2013
DA  - Oct 2013
SP  - 391
EP  - 415
VL  - 47
IS  - 3
SN  - 0895-5638, 0895-5638
KW  - Economics
KW  - Housing
KW  - Real estate
KW  - Bankruptcy
KW  - Legal aspects
KW  - Credit market
KW  - U.S.A.
KW  - Mortgages
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1443632252?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+real+estate+finance+and+economics&rft.atitle=Effects+of+bankruptcy+exemptions+and+foreclosure+laws+on+mortgage+default+and+foreclosure+rates&rft.au=Desai%2C+Chintal+A%3BElliehausen%2C+Gregory%3BSteinbuks%2C+Jevgenijs&rft.aulast=Desai&rft.aufirst=Chintal&rft.date=2013-10-01&rft.volume=47&rft.issue=3&rft.spage=391&rft.isbn=&rft.btitle=&rft.title=Journal+of+real+estate+finance+and+economics&rft.issn=08955638&rft_id=info:doi/10.1007%2Fs11146-012-9366-z
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-10-21
N1  - Last updated - 2013-10-22
N1  - SubjectsTermNotLitGenreText - 1476; 6045 5706; 8299; 2998 7711; 7299; 10630 10339; 433 293 14
DO  - http://dx.doi.org/10.1007/s11146-012-9366-z
ER  - 



TY  - BOOK
T1  - Trend Inflation in Advanced Economies
AN  - 1537585502; 2011-582690
AB  - This study derives estimates of trend inflation for fourteen advanced economies from a framework in which trend shocks exhibit stochastic volatility. The estimated specification allows for time-variation in the degree to which longer-term inflation expectations are well anchored in each economy. The results bring out the effect of changes in monetary regime (such as the adoption of inflation targeting in several countries) on the behavior of trend inflation. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 30 2013, 49 pp.
AU  - Garnier, Christine
AU  - Mertens, Elmar
AU  - Nelson, Edward
Y1  - 2013/09/30/
PY  - 2013
DA  - 2013 Sep 30
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic theory
KW  - Economics
KW  - Inflation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585502?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Garnier%2C+Christine%3BMertens%2C+Elmar%3BNelson%2C+Edward&rft.aulast=Garnier&rft.aufirst=Christine&rft.date=2013-09-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Trend+Inflation+in+Advanced+Economies&rft.title=Trend+Inflation+in+Advanced+Economies&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201374/201374pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-74
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Computing Arbitrage-free Yields in Multi-factor Gaussian Shadow-rate Term Structure Models
AN  - 1537585900; 2011-582671
AB  - This paper develops a method to approximate arbitrage-free bond yields within a term structure model in which the short rate follows a Gaussian process censored at zero (a "shadow-rate model" as proposed by Black, 1995). The censoring ensures that model-implied yields are constrained to be positive, but it also introduces non-linearity that renders standard bond pricing formulas inapplicable. This paper shows that the technique proposed is sufficiently fast for single-step estimation of a three-factor shadow-rate term structure model and sufficiently accurate to evaluate yields to within approximately half a basis point. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 24 2013, 35 pp.
AU  - Priebsch, Marcel A
Y1  - 2013/09/24/
PY  - 2013
DA  - 2013 Sep 24
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic theory
KW  - Bonds
KW  - Economics
KW  - Standards
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585900?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201363/201363pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Preliminary Draft, FEDS Working pa. 2013-63
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Homeowners in Denial about their House Values? Comparing Owner Perceptions with Transaction-based Indexes
AN  - 1537585024; 2011-582685
AB  - The boom and bust of the housing market has been a prominent feature of the household financial landscape in recent years. The exact magnitude of the house price swings depends on whether either homeowners' appraisal of home worth at two points in time or use the change in a transaction-based house price index (HPI). During the boom, owner-reported values rose much more rapidly than the HPI, and after the bust, owner-reported values fell slightly less than the HPI. Home owner-reported changes in value do not systematically diverge from local house price index changes. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 24 2013, 40 pp.
AU  - Henriques, Alice M
Y1  - 2013/09/24/
PY  - 2013
DA  - 2013 Sep 24
PB  - Board of Governors of the Federal Reserve System
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Education and education policy - Information services and sources
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Housing
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Indexes
KW  - Housing
KW  - Households
KW  - Prices
KW  - Price indexes
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585024?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Henriques%2C+Alice+M&rft.aulast=Henriques&rft.aufirst=Alice&rft.date=2013-09-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+Homeowners+in+Denial+about+their+House+Values%3F+Comparing+Owner+Perceptions+with+Transaction-based+Indexes&rft.title=Are+Homeowners+in+Denial+about+their+House+Values%3F+Comparing+Owner+Perceptions+with+Transaction-based+Indexes&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201379/201379pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-79
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Systemic Risk, International Regulation, and the Limits of Coordination
AN  - 1537585619; 2011-582677
AB  - This paper examines the incentives of national regulators to coordinate regulatory policies in the presence of systemic risk in global financial markets. In a two-country and three-period model, correlated asset fire sales by banks generate systemic risk across national financial markets. Relaxing regulatory standards in one country increases both the cost and the severity of crises for both countries in this framework. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Sep 16 2013, 60 pp.
AU  - Kara, Gazi I
Y1  - 2013/09/16/
PY  - 2013
DA  - 2013 Sep 16
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Banking operations and services
KW  - Environment and environmental policy - Weather, climate, and natural disasters
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Sales
KW  - Fires
KW  - Risk
KW  - Assets
KW  - Standards
KW  - Regulation
KW  - Banking
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585619?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kara%2C+Gazi+I&rft.aulast=Kara&rft.aufirst=Gazi&rft.date=2013-09-16&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Systemic+Risk%2C+International+Regulation%2C+and+the+Limits+of+Coordination&rft.title=Systemic+Risk%2C+International+Regulation%2C+and+the+Limits+of+Coordination&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201387/201387pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-87
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Learning from the Test: Raising Selective College Enrollment by Providing Information
AN  - 1537585954; 2011-582695
AB  - In the last decade, five US states adopted mandates requiring high school juniors to take a college entrance exam. In the two earliest-adopting states, nearly half of all students were induced into testing, and 40-45% of them earned scores high enough to qualify for selective schools. Selective college enrollment rose by 20% following implementation of the mandates, with no effect on overall attendance. It is argued that a large number of high-ability students appear to dramatically underestimate their candidacy for selective colleges, and policies aimed at reducing this information shortage may increase human capital investment for many students. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 12 2013, 61 pp.
AU  - Goodman, Sarena F
Y1  - 2013/09/12/
PY  - 2013
DA  - 2013 Sep 12
PB  - Board of Governors of the Federal Reserve System
KW  - Education and education policy - Education personnel and population
KW  - Banking and public and private finance - Investments and securities
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Education and education policy - Schools
KW  - Labor conditions and policy - Employment and labor supply
KW  - United States
KW  - Human capital
KW  - High schools
KW  - Schools
KW  - Investments
KW  - Testing
KW  - Students
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585954?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Goodman%2C+Sarena+F&rft.aulast=Goodman&rft.aufirst=Sarena&rft.date=2013-09-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Learning+from+the+Test%3A+Raising+Selective+College+Enrollment+by+Providing+Information&rft.title=Learning+from+the+Test%3A+Raising+Selective+College+Enrollment+by+Providing+Information&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201369/201369pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-69
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Taxpayer Confusion over Predictable Tax Liability Changes: Evidence from the Child Tax Credit
AN  - 1537585971; 2011-582674
AB  - Develops a model of how taxpayers update beliefs over their tax rates when they encounter a non-salient tax liability change. It tests the model's hypotheses using the loss of the Child Tax Credit when a child turns 17. Using this age discontinuity, the study finds that losing the credit reduces household labor income, suggesting that taxpayers misperceive the source of tax liability changes, leading to under- or over-reactions to changes in marginal tax rates. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 9 2013, 41 pp.
AU  - Feldman, Naomi E
AU  - Katuscak, Peter
AU  - Kawano, Laura
Y1  - 2013/09/09/
PY  - 2013
DA  - 2013 Sep 09
PB  - Board of Governors of the Federal Reserve System
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Labor conditions and policy - Work and labor
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Households
KW  - Credit
KW  - Liability
KW  - Labor
KW  - Income
KW  - Tax credits
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585971?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Feldman%2C+Naomi+E%3BKatuscak%2C+Peter%3BKawano%2C+Laura&rft.aulast=Feldman&rft.aufirst=Naomi&rft.date=2013-09-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Taxpayer+Confusion+over+Predictable+Tax+Liability+Changes%3A+Evidence+from+the+Child+Tax+Credit&rft.title=Taxpayer+Confusion+over+Predictable+Tax+Liability+Changes%3A+Evidence+from+the+Child+Tax+Credit&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201366/201366pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-66
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut
AN  - 1537585827; 2011-582675
AB  - This paper explores the hypothesis that the rise in intangible capital is a fundamental driver of the secular trend in US corporate cash holdings over the last decades. Using a new measure, it shows that intangible capital is the most important firm-level determinant of corporate cash holdings. Overall, the results suggest that technological change has contributed significantly to recent changes in corporate liquidity management. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 2013, 58 pp.
AU  - Falato, Antonio
AU  - Kadyrzhanova, Dalida
AU  - Sim, Jae W
Y1  - 2013/09//
PY  - 2013
DA  - September 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - United States
KW  - Saving
KW  - Debt
KW  - Capital
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585827?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Falato%2C+Antonio%3BKadyrzhanova%2C+Dalida%3BSim%2C+Jae+W&rft.aulast=Falato&rft.aufirst=Antonio&rft.date=2013-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Rising+Intangible+Capital%2C+Shrinking+Debt+Capacity%2C+and+the+US+Corporate+Savings+Glut&rft.title=Rising+Intangible+Capital%2C+Shrinking+Debt+Capacity%2C+and+the+US+Corporate+Savings+Glut&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201367/201367pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-67
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Broadband in the Labor Market: The Impact of Residential High Speed Internet on Married Women's Labor Force Participation
AN  - 1537585527; 2011-582673
AB  - This paper investigates how high-speed home Internet has impacted married women's labor force participation. Results indicate that married women who use the Internet are more likely to participate in the labor force, and participation is concentrated on women with higher levels of education and who have children. The results suggest home Internet facilitates work-family balance for highly educated women. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2013, 17 pp.
AU  - Dettling, Lisa J
Y1  - 2013/09//
PY  - 2013
DA  - September 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Women
KW  - Labor conditions and policy - Work and labor
KW  - Science and technology policy - Computer science and information technology
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Population groups, population policy, and demographics - Children and youth
KW  - Education and education policy - Education
KW  - Education
KW  - Women
KW  - Children
KW  - Markets
KW  - Internet
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585527?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Dettling%2C+Lisa+J&rft.aulast=Dettling&rft.aufirst=Lisa&rft.date=2013-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Broadband+in+the+Labor+Market%3A+The+Impact+of+Residential+High+Speed+Internet+on+Married+Women%27s+Labor+Force+Participation&rft.title=Broadband+in+the+Labor+Market%3A+The+Impact+of+Residential+High+Speed+Internet+on+Married+Women%27s+Labor+Force+Participation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201365/201365pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-65
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Going Public Abroad
AN  - 1537585503; 2011-582696
AB  - This paper examines the decision to go public abroad using a sample of 17,808 initial public offerings (IPOs). Although only 6% of initial public offerings are offered abroad, these represent approximately 25% of total IPO proceeds. The study finds that alleviating informational frictions in order to obtain greater offering proceeds is an important determinant of the decision to go public abroad. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 2013, 47 pp.
AU  - Caglio, Cecilia
AU  - Hanley, Kathleen Weiss
AU  - Marietta-Westberg, Jennifer
Y1  - 2013/09//
PY  - 2013
DA  - September 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business organization and administration
KW  - Public sector
KW  - Corporate culture
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585503?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Caglio%2C+Cecilia%3BHanley%2C+Kathleen+Weiss%3BMarietta-Westberg%2C+Jennifer&rft.aulast=Caglio&rft.aufirst=Cecilia&rft.date=2013-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Going+Public+Abroad&rft.title=Going+Public+Abroad&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201368/201368pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-68
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Payday Loans and Consumer Financial Health
AN  - 1537585436; 2011-582683
AB  - The annualized interest rate for a payday loan often exceeds 10 times that of a typical credit card, yet this market grew immensely in the 1990s and 2000s, elevating concerns about the risk payday loans pose to consumers and whether payday lenders target minority neighborhoods. This study finds little to no effect of payday loans on credit scores, new delinquencies, or the likelihood of overdrawing credit lines; and it finds that neighborhood racial composition has little influence on payday lender store locations conditional on income, wealth, and demographic characteristics. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 2013, 36 pp.
AU  - Bhutta, Neil
Y1  - 2013/09//
PY  - 2013
DA  - September 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Social conditions and policy - Urban conditions
KW  - Business and service sector - Retail business
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Public safety and security
KW  - Population groups, population policy, and demographics - National, ethnic, and minority groups
KW  - Business and service sector - Accounting
KW  - Interest rates
KW  - Loans
KW  - Credit cards
KW  - Consumer credit
KW  - Neighborhoods
KW  - Location
KW  - Demographics
KW  - Income
KW  - Risk
KW  - Minorities
KW  - Wealth
KW  - Consumers
KW  - Stores
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585436?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bhutta%2C+Neil&rft.aulast=Bhutta&rft.aufirst=Neil&rft.date=2013-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Payday+Loans+and+Consumer+Financial+Health&rft.title=Payday+Loans+and+Consumer+Financial+Health&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201381/201381pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-81
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Effects of Monetary Policy Shocks across Time and across Sectors
AN  - 1537585364; 2011-582694
AB  - Recent empirical research by Olivei and Tenreyro demonstrates that the effect of monetary policy shocks on output and prices depends on the shock's timing: In the US, a monetary policy shock that takes place in the first half of the year has a larger effect on output than on prices, while the opposite is true in the second half of the year due to the fact that a greater fraction of wage rates are re-contracted in the second half of the year, implying less flexibility in the first half. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 2013, 32 pp.
AU  - Peneva, Ekaterina V
Y1  - 2013/09//
PY  - 2013
DA  - September 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - United States
KW  - Prices
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585364?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Peneva%2C+Ekaterina+V&rft.aulast=Peneva&rft.aufirst=Ekaterina&rft.date=2013-09-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Effects+of+Monetary+Policy+Shocks+across+Time+and+across+Sectors&rft.title=Effects+of+Monetary+Policy+Shocks+across+Time+and+across+Sectors&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201370/201370pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-70
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - International Evidence on Government Support and Risk Taking in the Banking Sector
AN  - 1738472962; 2011-517084
AB  - Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. This study uses an international sample of rated banks and finds that government support is associated with more risk taking by banks, especially prior and during the 2008-2009 financial crisis. Restricting banks' range of activities ameliorates the link between government support and bank risk taking: Strengthening market discipline by reducing bank complexity is needed to address this moral hazard problem. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Aug 27 2013, 46 pp.
AU  - Brandao-Marques, Luis
AU  - Correa, Ricardo
AU  - Sapriza, Horacio
Y1  - 2013/08/27/
PY  - 2013
DA  - 2013 Aug 27
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Risk
KW  - Finance
KW  - Economic conditions
KW  - Markets
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472962?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Brandao-Marques%2C+Luis%3BCorrea%2C+Ricardo%3BSapriza%2C+Horacio&rft.aulast=Brandao-Marques&rft.aufirst=Luis&rft.date=2013-08-27&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=International+Evidence+on+Government+Support+and+Risk+Taking+in+the+Banking+Sector&rft.title=International+Evidence+on+Government+Support+and+Risk+Taking+in+the+Banking+Sector&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1086/ifdp1086.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1086
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Global Financial Conditions, Country Spreads and Macroeconomic Fluctuations in Emerging Countries
AN  - 1448770246; 2011-517085
AB  - Investigates the extent to which global financial conditions contribute to macroeconomic fluctuations in emerging countries. The main findings are (1) Global financial risk shocks explain about 20% of movements both in the country spread and in the aggregate activity in emerging economies; (2) The contribution of global risk-free interest rate shocks to macroeconomic fluctuations in emerging economies is negligible; (3) Country spread shocks explain about 15% of the business cycles in emerging economies; (4) Interdependence between economic activity and the country spread is a key mechanism through which global financial shocks are transmitted to emerging economies. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 19 2013, 37 pp.
AU  - Akinci, Ozge
Y1  - 2013/08/19/
PY  - 2013
DA  - 2013 Aug 19
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Economic theory
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic conditions
KW  - Interest rates
KW  - Risk
KW  - Macroeconomics
KW  - Business cycles
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770246?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Akinci%2C+Ozge&rft.aulast=Akinci&rft.aufirst=Ozge&rft.date=2013-08-19&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Global+Financial+Conditions%2C+Country+Spreads+and+Macroeconomic+Fluctuations+in+Emerging+Countries&rft.title=Global+Financial+Conditions%2C+Country+Spreads+and+Macroeconomic+Fluctuations+in+Emerging+Countries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1085/ifdp1085.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1085
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Payday Lending Regulation
AN  - 1537585455; 2011-582670
AB  - To date the debate over payday lending has focused on whether access to such lending is on net beneficial or harmful to consumer welfare; however, payday loans are not one product but many, and different forms of lending may have different welfare implications. The current diversity in payday lending stems from the diverse ways in which states have regulated the industry. This paper attempts to quantify the effects that various regulatory approaches have had on lending terms and usage. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 15 2013, 38 pp.
AU  - Kaufman, Alex
Y1  - 2013/08/15/
PY  - 2013
DA  - 2013 Aug 15
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Loans
KW  - Welfare economics
KW  - Consumers
KW  - Regulation
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585455?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kaufman%2C+Alex&rft.aulast=Kaufman&rft.aufirst=Alex&rft.date=2013-08-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Payday+Lending+Regulation&rft.title=Payday+Lending+Regulation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201362/201362pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-62
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Volatility of Volatility and Tail Risk Premiums
AN  - 1738474373; 2011-517034
AB  - Reports on tail risk premiums in two tail risk hedging strategies: the S&P 500 puts and the VIX calls. The VVIX index is a model-free, risk-neutral measure of the volatility of volatility implied by a cross section of the VIX options. An increase in the VVIX index raises the prices of tail risk hedges and lowers their subsequent returns over the next three to four weeks. The volatility of volatility risk and its associated risk premium both contribute to the forecasting power of the VVIX index, and the predictability results from the integrated volatility of volatility, not volatility jumps. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 1 2013, 51 pp.
AU  - Park, Yang-Ho
Y1  - 2013/08/01/
PY  - 2013
DA  - 2013 Aug 01
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Education and education policy - Information services and sources
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Indexes
KW  - Risk
KW  - Prices
KW  - Forecasting
KW  - Hedging
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474373?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Park%2C+Yang-Ho&rft.aulast=Park&rft.aufirst=Yang-Ho&rft.date=2013-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Volatility+of+Volatility+and+Tail+Risk+Premiums&rft.title=Volatility+of+Volatility+and+Tail+Risk+Premiums&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201354/201354pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-54
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Model of Endogenous Loan Quality and the Collapse of the Shadow Banking System
AN  - 1735644771; 2011-901964
AB  - Develops a macroeconomic model with a financial sector, in which banks can finance risky projects (loans) and can affect their quality by exerting a costly screening effort. Informational frictions regarding the observability of loan characteristics limit the amount of external funds that banks can raise. In this framework, the study considers two possible types of financial intermediation, traditional banking (TB) and shadow banking (SB), differing in the level of diversification across projects. In particular, shadow banks, by pooling different loans, improve on the diversification of their idiosyncratic risk and increase the marketability of their assets. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2013, 51 pp.
AU  - Ferrante, Francesco
Y1  - 2013/08//
PY  - 2013
DA  - August 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Risk
KW  - Finance
KW  - Assets
KW  - Loans
KW  - Macroeconomics
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644771?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ferrante%2C+Francesco&rft.aulast=Ferrante&rft.aufirst=Francesco&rft.date=2013-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Model+of+Endogenous+Loan+Quality+and+the+Collapse+of+the+Shadow+Banking+System&rft.title=A+Model+of+Endogenous+Loan+Quality+and+the+Collapse+of+the+Shadow+Banking+System&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015021pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-021
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Cost Shifting and the Freezing of Corporate Pension Plans
AN  - 1537585618; 2011-582682
AB  - Many US corporations have frozen defined benefit (DB) pension plans, replacing new DB promises with contributions to defined contribution (DC) plans. This study estimates expected DB accruals from the age-service and salary distributions of a large sample of corporate pension plans with more than 1,000 employees. Comparing the counterfactual DB accruals to the actual increase in 401(k) and other DC contributions for firms that freeze, there is only partial compensation to employees for the lost DB accruals: pension freezes affect overall compensation; and, therefore, they change compensation costs relative to a worker's marginal product. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2013, 53 pp.
AU  - Rauh, Joshua
AU  - Stefanescu, Irina
AU  - Zeldes, Stephen
Y1  - 2013/08//
PY  - 2013
DA  - August 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Social policy and social development
KW  - Economic conditions and policy - Economic theory
KW  - Labor conditions and policy - Work and labor
KW  - Business and service sector - Business and business enterprises
KW  - United States
KW  - Cost
KW  - Corporations
KW  - Pensions
KW  - Employees
KW  - Benefits
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585618?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rauh%2C+Joshua%3BStefanescu%2C+Irina%3BZeldes%2C+Stephen&rft.aulast=Rauh&rft.aufirst=Joshua&rft.date=2013-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Cost+Shifting+and+the+Freezing+of+Corporate+Pension+Plans&rft.title=Cost+Shifting+and+the+Freezing+of+Corporate+Pension+Plans&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201382/201382pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-82
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Policy Uncertainty, Irreversibility, and Cross-border Flows of Capital
AN  - 1537585322; 2011-582672
AB  - Examines the effects of government policy uncertainty on cross-border capital flows. Foreign direct investment (FDI) flows from US companies to foreign affiliates drop significantly during the period just before an election. The election effect for FDI is larger than election cycles in domestic investment. The electoral patterns in FDI flows are more pronounced in countries with higher propensities for policy reversals and when election outcomes are more uncertain. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2013, 48 pp.
AU  - Julio, Brandon
AU  - Yook, Youngsuk
Y1  - 2013/08//
PY  - 2013
DA  - August 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Politics - Elections and voting
KW  - Economic conditions and policy - Property and wealth
KW  - United States
KW  - Elections
KW  - Foreign investments
KW  - Capital
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585322?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Julio%2C+Brandon%3BYook%2C+Youngsuk&rft.aulast=Julio&rft.aufirst=Brandon&rft.date=2013-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Policy+Uncertainty%2C+Irreversibility%2C+and+Cross-border+Flows+of+Capital&rft.title=Policy+Uncertainty%2C+Irreversibility%2C+and+Cross-border+Flows+of+Capital&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201364/201364pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-64
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Equity Market Misvaluation, Financing, and Investment
AN  - 1537585279; 2011-582686
AB  - Quantifies how much nonfundamental movements in stock prices affect firm decisions. The study estimates a dynamic investment model in which firms can finance with equity or cash (net of debt). Misvaluation affects equity values, and firms optimally issue and repurchase overvalued and undervalued shares. The funds owing to and from these activities come from either investment, dividends, or net cash. Firms respond to misvaluation by adjusting financing more than by adjusting investment, and managers' rational responses to misvaluation increase shareholder value by up to 8%. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 2013, 50 pp.
AU  - Warusawitharana, Missaka
AU  - Whited, Toni M
Y1  - 2013/08//
PY  - 2013
DA  - August 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Social conditions and policy - Social values
KW  - Business and service sector - Accounting
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Law and ethics - Ethics
KW  - Investments
KW  - Finance
KW  - Dividends
KW  - Prices
KW  - Debt
KW  - Stocks
KW  - Markets
KW  - Equity
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585279?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Warusawitharana%2C+Missaka%3BWhited%2C+Toni+M&rft.aulast=Warusawitharana&rft.aufirst=Missaka&rft.date=2013-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Equity+Market+Misvaluation%2C+Financing%2C+and+Investment&rft.title=Equity+Market+Misvaluation%2C+Financing%2C+and+Investment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201378/201378pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-78
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Leveraged and Inverse ETFs the New Portfolio Insurers?
AN  - 1738474506; 2011-517040
AB  - This paper studies Leveraged and Inverse Exchange Traded Funds (LETFs) from a financial stability perspective. Mechanical positive-feedback rebalancing of LETFs resembles the portfolio insurance strategies, which contributed to the stock market crash of October 19, 1987. The report shows that a 1% increase in broad stock-market indexes induces LETFs to originate rebalancing flows equivalent to 1.04 billion dollars worth of stock. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 16 2013, 42 pp.
AU  - Tuzun, Tugkan
Y1  - 2013/07/16/
PY  - 2013
DA  - 2013 Jul 16
PB  - Board of Governors of the Federal Reserve System
KW  - Education and education policy - Information services and sources
KW  - Business and service sector - Insurance
KW  - Banking and public and private finance - Investments and securities
KW  - Indexes
KW  - Stocks
KW  - Stock market
KW  - Insurance
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201348/201348pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-48
N1  - Last updated - 2016-09-28
ER  - 



TY  - RPRT
T1  - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
AN  - 1606040329; 973337146
JF  - Experian Commercial Risk Database
Y1  - 2013/07/10/
PY  - 2013
DA  - 2013 Jul 10
CY  - Costa Mesa
PB  - Experian Information Solutions, Inc.
KW  - Business And Economics
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LA  - English
DB  - ProQuest Central
N1  - Name - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
N1  - Copyright - Experian Information Solutions, Inc.  This report contains information from Experian Information Solutions, Inc. and is provided "AS IS" and for your own use.  This report may only be used in compliance with law.
N1  - Last updated - 2014-10-07
ER  - 



TY  - BOOK
T1  - Inequality and Poverty in the United States: The Aftermath of the Great Recession
AN  - 1448768958; 2011-517037
AB  - This paper explores trends in inequality and poverty using both market and after-tax and transfer income in the period during and after the Great Recession (through 2011). Using market income (or wages), inequality and poverty rose sharply between 2008 and 2010. The primary exception is measures for the top of the distribution; annual wage and income shares of the top 1% dipped in 2008 and 2009. Tax and transfer policies lowered inequality and poverty, but those policies were not equal across the population. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Jul 5 2013, 48 pp.
AU  - Thompson, Jeffrey P
AU  - Smeeding, Timothy M
Y1  - 2013/07/05/
PY  - 2013
DA  - 2013 Jul 05
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Social conditions and problems
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Social values
KW  - Business and service sector - Accounting
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Labor conditions, wages, salaries, and benefits
KW  - Population groups, population policy, and demographics - Demography and census
KW  - United States
KW  - Wage differentials
KW  - Poverty
KW  - Population
KW  - Economic conditions
KW  - Markets
KW  - Income
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448768958?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201351/201351pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-51
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Say on Pay Laws, Executive Compensation, CEO Pay Slice, and Firm Value around the World
AN  - 1738472835; 2011-517086
AB  - This paper examines the effects of say on pay (SoP) laws on CEO compensation, the portion of top management pay captured by CEOs, and firm valuation. SoP laws are associated with (1) a lower level of CEO compensation, which partly results from lower CEO compensation growth rates and is related to CEO power; (2) a higher pay for performance sensitivity suggesting that SoP laws have the greatest effects on firms with poor performance; (3) a lower portion of total top management pay awarded to CEOs indicating lower pay inequality among top managers; and (4) a higher firm value. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2013, 53 pp.
AU  - Correa, Ricardo
AU  - Lel, Ugur
Y1  - 2013/07//
PY  - 2013
DA  - July 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Law and ethics - Law and jurisprudence
KW  - Social conditions and policy - Social values
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Entrepreneurs, executives, business personnel, and occupations
KW  - Executives
KW  - Valuation
KW  - Law
KW  - Equality
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1084/ifdp1084.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1084
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Systemic Risk of European Banks during the Financial and Sovereign Debt Crises
AN  - 1448770438; 2011-517087
AB  - This study proposes a hypothetical distress insurance premium (DIP) as a measure of the European banking systemic risk, which integrates the characteristics of bank size, default probability, and interconnectedness. Based on this measure, the systemic risk of European banks reached its height in late 2011. The sovereign default spread is the factor driving this heightened risk in the banking sector during the European debt crisis. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Jul 2013, 58 pp.
AU  - Black, Lamont
AU  - Correa, Ricardo
AU  - Huang, Xin
AU  - Zhou, Hao
Y1  - 2013/07//
PY  - 2013
DA  - July 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Accounting
KW  - Business and service sector - Insurance
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Risk
KW  - Economic policy
KW  - Debt
KW  - Europe
KW  - Economic conditions
KW  - Banking
KW  - Insurance
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1083/ifdp1083.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1083
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effect of State and Local Sales Taxes on Employment at State Borders
AN  - 1448769706; 2011-517039
AB  - This paper estimates the effect of sales taxes on employment at state borders using county-level quarterly data and a newly developed data set of local tax rates. Sales tax increases, relative to cross-border neighbors, lead to losses of employment, as well as payroll and hiring, but these effects are only found in counties with large shares of residents working in another state. The effects also represent an upper-bound, largely driven by employment shifting across the state border. Employment in food and beverage stores is negatively affected when cross-border neighbors adopt low sales tax rates on food. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Jun 26 2013, 40 pp.
AU  - Thompson, Jeffrey P
AU  - Rohlin, Shawn M
Y1  - 2013/06/26/
PY  - 2013
DA  - 2013 Jun 26
PB  - Board of Governors of the Federal Reserve System System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Health conditions and policy - Food and nutrition
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Business and service sector - Retail business
KW  - Government - Local and municipal government
KW  - Government - State or regional government
KW  - Sales
KW  - State government
KW  - Local government
KW  - Food
KW  - Stores
KW  - Employment
KW  - Sales tax
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Thompson%2C+Jeffrey+P%3BRohlin%2C+Shawn+M&rft.aulast=Thompson&rft.aufirst=Jeffrey&rft.date=2013-06-26&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effect+of+State+and+Local+Sales+Taxes+on+Employment+at+State+Borders&rft.title=The+Effect+of+State+and+Local+Sales+Taxes+on+Employment+at+State+Borders&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201349/201349pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-49
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Collateral Constraints and Macroeconomic Asymmetries
AN  - 1738472967; 2011-517088
AB  - A model with collateral constraints displays asymmetric responses to house price changes. When housing wealth is high, collateral constraints become slack, and the response of consumption and hours to shocks that move house prices is positive, yet small. When housing wealth is low, collateral constraints become tight, and the response of consumption and hours to house price changes is negative and large. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 11 2013, 50 pp.
AU  - Guerrieri, Luca
AU  - Iacoviello, Matteo
Y1  - 2013/06/11/
PY  - 2013
DA  - 2013 Jun 11
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Consumers and consumption
KW  - Social conditions and policy - Housing
KW  - Economic conditions and policy - Economic theory
KW  - Housing
KW  - Prices
KW  - Consumption
KW  - Macroeconomics
KW  - Wealth
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472967?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Guerrieri%2C+Luca%3BIacoviello%2C+Matteo&rft.aulast=Guerrieri&rft.aufirst=Luca&rft.date=2013-06-11&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Collateral+Constraints+and+Macroeconomic+Asymmetries&rft.title=Collateral+Constraints+and+Macroeconomic+Asymmetries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1082/ifdp1082.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1082
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Capital Flows to Emerging Market Economies: A Brave New World?
AN  - 1738472839; 2011-517089
AB  - This study examines the determinants of net private capital inflows to emerging market economies. Findings include (1) Growth and interest rate differentials between emerging market economies (EMEs) and advanced economies and global risk appetite are determinants of net private capital inflows; (2) There were no changes in the behavior of net inflows; (3) Capital control measures discouraged both total and portfolio inflows; (4) In the pre-crisis period, there is some evidence that greater foreign exchange intervention brought more capital inflows; and (5) There was no statistically significant positive effects of unconventional US monetary expansion on total net EME inflows. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2013, 46 pp.
AU  - Ahmed, Shaghil
AU  - Zlate, Andrei
Y1  - 2013/06//
PY  - 2013
DA  - June 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - United States
KW  - Risk
KW  - Foreign exchange
KW  - Capital
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472839?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ahmed%2C+Shaghil%3BZlate%2C+Andrei&rft.aulast=Ahmed&rft.aufirst=Shaghil&rft.date=2013-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Capital+Flows+to+Emerging+Market+Economies%3A+A+Brave+New+World%3F&rft.title=Capital+Flows+to+Emerging+Market+Economies%3A+A+Brave+New+World%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1081/ifdp1081.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1081
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Antidumping Duties and Plant-Level Restructuring
AN  - 1417543070; 2011-454518
AB  - This paper examines the effect of antidumping duties on the restructuring activities of protected plants. Using a dataset that contains the full population of U.S. manufacturers, I find that protected plants increase their capital intensities modestly relative to unprotected plants, but only when antidumping duties have been in place for a sufficient duration. I find little effect of antidumping duties on a proxy for the skilled labor intensity of protected plants. Adapted from the source document.
JF  - Review of Industrial Organization
AU  - Pierce, Justin R
AD  - Board of Governors of the Federal Reserve System, 20th Street and C Streets NW, Washington, DC, 20551, USA justin.r.pierce@frb.gov
Y1  - 2013/06//
PY  - 2013
DA  - June 2013
SP  - 435
EP  - 447
PB  - Springer, Dordrecht The Netherlands
VL  - 42
IS  - 4
SN  - 0889-938X, 0889-938X
KW  - Economic conditions and policy - Property and wealth
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Labor conditions and policy - Work and labor
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Skilled labor
KW  - Population
KW  - Capital
KW  - Industrial organization
KW  - article
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1417543070?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Apais&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Review+of+Industrial+Organization&rft.atitle=Antidumping+Duties+and+Plant-Level+Restructuring&rft.au=Pierce%2C+Justin+R&rft.aulast=Pierce&rft.aufirst=Justin&rft.date=2013-06-01&rft.volume=42&rft.issue=4&rft.spage=435&rft.isbn=&rft.btitle=&rft.title=Review+of+Industrial+Organization&rft.issn=0889938X&rft_id=info:doi/10.1007%2Fs11151-013-9386-8
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-08-01
N1  - Last updated - 2016-09-28
N1  - CODEN - RIOREU
N1  - SubjectsTermNotLitGenreText - Capital; Population; Skilled labor; Industrial organization
DO  - http://dx.doi.org/10.1007/s11151-013-9386-8
ER  - 



TY  - BOOK
T1  - Monetary Policy and Financial Stability Risks: An Example
AN  - 1738473497; 2011-517045
AB  - The financial crisis and its aftermath have raised numerous questions about the appropriate role of financial stability considerations in the conduct of monetary policy. This paper develops a simple example of the possible connections between financial stability and monetary policy and finds that even without an explicit financial stability goal for monetary policy, financial stability considerations arise naturally in the context of standard models of optimal monetary policy if the potential magnitude of financial stability shocks is affected by the stance of policy. Tables, References.
JF  - Board of Governors of the Federal Reserve System, May 31 2013, 19 pp.
AU  - Clouse, James A
Y1  - 2013/05/31/
PY  - 2013
DA  - 2013 May 31
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Business finance
KW  - Risk
KW  - Finance
KW  - Standards
KW  - Economic conditions
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473497?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Clouse%2C+James+A&rft.aulast=Clouse&rft.aufirst=James&rft.date=2013-05-31&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Monetary+Policy+and+Financial+Stability+Risks%3A+An+Example&rft.title=Monetary+Policy+and+Financial+Stability+Risks%3A+An+Example&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201341/201341pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-41
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Assessing and Combining Financial Conditions Indexes
AN  - 1448769935; 2011-517047
AB  - Evaluates the short horizon predictive ability of financial conditions indexes for stock returns and macroeconomic variables. The study finds reliable predictability only when the sample includes the 2008 financial crisis, and the authors argue that this result is driven by tailoring the indexes to the crisis and by non-synchronous trading. Financial conditions indexes are based on a variety of constituent variables and aggregation methods, and the study discusses a simple procedure for consolidating the growing number of different indexes into a single proxy for financial conditions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 30 2013, 38 pp.
AU  - Aramonte, Sirio
AU  - Rosen, Samuel
AU  - Schindler, John W
Y1  - 2013/05/30/
PY  - 2013
DA  - 2013 May 30
PB  - Board of Governors of the Federal Reserve System System
KW  - Education and education policy - Information services and sources
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic theory
KW  - Indexes
KW  - Finance
KW  - Macroeconomics
KW  - Stocks
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769935?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Aramonte%2C+Sirio%3BRosen%2C+Samuel%3BSchindler%2C+John+W&rft.aulast=Aramonte&rft.aufirst=Sirio&rft.date=2013-05-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Assessing+and+Combining+Financial+Conditions+Indexes&rft.title=Assessing+and+Combining+Financial+Conditions+Indexes&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201339/201339pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-39
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Shadow Banking and the Funding of the Nonfinancial Sector
AN  - 1448769462; 2011-517038
AB  - Shows how to use data from the Flow of Funds Accounts of the US to estimate how much funding of nonfinancial businesses, households, and governments is provided by the domestic shadow banking system. The results suggest that at the end of 2008, domestic shadow-bank funding of the nonfinancial sector was an important, but fairly modest, source of funding relative to that provided by more traditional funding sources such as commercial banks, insurance companies, and pension funds -- However, domestic shadow banking played a large role in the increase of nonfinancial-sector debt in the two years before 2008. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System System, May 16 2013, 51 pp.
AU  - Gallin, Joshua
Y1  - 2013/05/16/
PY  - 2013
DA  - 2013 May 16
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Insurance
KW  - Business and service sector - Business and business enterprises
KW  - Social conditions and policy - Social policy and social development
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Business and service sector - Accounting
KW  - United States
KW  - Pensions
KW  - Business
KW  - Households
KW  - Debt
KW  - Banking
KW  - Insurance
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201350/201350pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-50
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The History of Cyclical Macroprudential Policy in the United States
AN  - 1448769045; 2011-517056
AB  - Since the financial crisis of 2007-2009, policymakers have debated the need for a new toolkit of cyclical "macroprudential" policies to constrain the build-up of risks in financial markets, for example, by dampening credit-fueled asset bubbles. These discussions tend to ignore America's long and varied history with many of the instruments under consideration to smooth the credit cycle, presumably because of their sparse usage in the last three decades. This report provides the first comprehensive survey and historic narrative of these efforts. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, May 15 2013, 74 pp.
AU  - Elliott, Douglas J
AU  - Feldberg, Greg
AU  - Lehnert, Andreas
Y1  - 2013/05/15/
PY  - 2013
DA  - 2013 May 15
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Social conditions and policy - History
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Public safety and security
KW  - Economic conditions and policy - Economic conditions
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - United States
KW  - Risk
KW  - Finance
KW  - Assets
KW  - History
KW  - Credit
KW  - Surveys
KW  - Economic conditions
KW  - Markets
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201329/201329pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-29
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Analysis of Wealth Using Micro and Macro Data: A Comparison of the Survey of Consumer Finances and Flow of Funds Accounts
AN  - 1448769119; 2011-517041
AB  - This report studies different aspects of lifecycle saving and wealth accumulation behavior. Macro data from the Flow of Funds Accounts (FFA) are produced at a quarterly frequency and in a timely manner, but can only be used to study the behavior of the household sector as a whole. Micro data from the Survey of Consumer Finances (SCF) are available every three years and with a lag, but they can be used to address differences in behavior over time and across various types of households. The two data sets show the same patterns of wealth changes over the past 25 years. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 10 2013, 39 pp.
AU  - Henriques, Alice M
AU  - Hsu, Joanne W
Y1  - 2013/05/10/
PY  - 2013
DA  - 2013 May 10
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Consumers and consumption
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Saving
KW  - Households
KW  - Surveys
KW  - Wealth
KW  - Consumers
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201346/201346pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-46
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effects of the Federal Reserve's Date-Based Forward Guidance
AN  - 1448770248; 2011-517049
AB  - Between August 2011 and December 2012, the Federal Open Market Committee (FOMC) used date-based forward guidance to help stimulate the US economy and promote its objectives of maximum employment and price stability. Some have argued that the formulation of the guidance that the FOMC used may have reduced interest rates primarily by signaling a weak economic outlook rather than by signaling a more accommodative stance of monetary policy. This study examines the impact of the date-based guidance, with the principal goal of discerning the extent to which it altered investors' views of the FOMC's policy reaction function. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 9 2013, 49 pp.
AU  - Raskin, Matthew D
Y1  - 2013/05/09/
PY  - 2013
DA  - 2013 May 09
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Public finance
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Interest rates
KW  - United States
KW  - Investors
KW  - Prices
KW  - Employment
KW  - Markets
KW  - Monetary policy
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Raskin%2C+Matthew+D&rft.aulast=Raskin&rft.aufirst=Matthew&rft.date=2013-05-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effects+of+the+Federal+Reserve%27s+Date-Based+Forward+Guidance&rft.title=The+Effects+of+the+Federal+Reserve%27s+Date-Based+Forward+Guidance&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201337/201337pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-37
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Antidumping Duties and Plant-Level Restructuring
AN  - 1448769888; 2011-517048
AB  - This paper examines the effect of antidumping duties on the restructuring activities of protected plants. Using a dataset that contains the full population of US manufacturers, it finds that protected plants increase their capital intensities modestly relative to unprotected plants, but only when antidumping duties have been in place for a sufficient duration. There was little effect of antidumping duties on a proxy for the skilled labor intensity of protected plants. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, May 7 2013, 23 pp.
AU  - Pierce, Justin R
Y1  - 2013/05/07/
PY  - 2013
DA  - 2013 May 07
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Property and wealth
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Labor conditions and policy - Work and labor
KW  - United States
KW  - Skilled labor
KW  - Population
KW  - Capital
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769888?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Pierce%2C+Justin+R&rft.aulast=Pierce&rft.aufirst=Justin&rft.date=2013-05-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Antidumping+Duties+and+Plant-Level+Restructuring&rft.title=Antidumping+Duties+and+Plant-Level+Restructuring&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201338/201338pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-38
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Do Central Banks' Forecasts Take into Account Public Opinion and Views?
AN  - 1448770429; 2011-517090
AB  - The Federal Reserve through the Federal Open Market Committee (FOMC) regularly releases macroeconomic forecasts to explain the likely evolution of the economy and the appropriate stance of monetary policy. The FOMC receives a forecast produced by the Federal Reserve staff which remains private for five years. This paper brings evidence that the FOMC forecast also incorporates other publicly available forecasts and views and that the weight attributed to public forecasts is larger than what is optimal given a mean squared error objective. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, May 2013, 28 pp.
AU  - Nunes, Ricardo
Y1  - 2013/05//
PY  - 2013
DA  - May 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Culture and religion - Intellectual life
KW  - Economic conditions and policy - Economic theory
KW  - Public opinion
KW  - Central banks
KW  - Macroeconomics
KW  - Errors
KW  - Markets
KW  - Monetary policy
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1080/ifdp1080.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1080
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: First Quarter, 2013
AN  - 1433380225
AB  - The article presents several legal developments under Section 3 of the Bank Holding Company Act in the First Quarter of 2013. These developments involved the Federal Reserve and the following financial institutions: 1. FirstMerit Corp; 2. Trustmark Corp; and 3. NongHyup Bank.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2013/05//
PY  - 2013
DA  - May 2013
SP  - 1
EP  - 28
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 99
IS  - 2
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank holding companies
KW  - Bank Holding Company Act 1956-US
KW  - Government agencies
KW  - United States--US
KW  - South Korea
KW  - 8110:Commercial banking services
KW  - 9179:Asia & the Pacific
KW  - 9550:Public sector
KW  - 4320:Legislation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Name - Federal Reserve Board; FirstMerit Corp; Trustmark Corp; Nonghyup Banking Corp
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System May 2013
N1  - Document feature - References
N1  - Last updated - 2013-09-21
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US; South Korea
ER  - 



TY  - BOOK
T1  - Economic Volatility and Financial Markets: The Case of Mortgage-Backed Securities
AN  - 1448769065; 2011-517044
AB  - The volatility of aggregate economic activity in the US decreased markedly in the mid-eighties. The decrease involved several components of GDP and has been linked to a more stable economic environment, identified by smaller shocks, more effective policy, and a diverse set of innovations related to inventory management as well as financial markets. This study documents a negative relation between the volatility of GDP and some of its components and one such financial development: the emergence of mortgage-backed securities -- This relationship changed sign, from negative to positive, in the early 2000's. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 29 2013, 32 pp.
AU  - Antinolfi, Gaetano
AU  - Brunetti, Celso
Y1  - 2013/04/29/
PY  - 2013
DA  - 2013 Apr 29
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Business and service sector - Business management
KW  - United States
KW  - Management
KW  - Inventory
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769065?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Antinolfi%2C+Gaetano%3BBrunetti%2C+Celso&rft.aulast=Antinolfi&rft.aufirst=Gaetano&rft.date=2013-04-29&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Economic+Volatility+and+Financial+Markets%3A+The+Case+of+Mortgage-Backed+Securities&rft.title=Economic+Volatility+and+Financial+Markets%3A+The+Case+of+Mortgage-Backed+Securities&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201342/201342pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-42
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Primer on Farm Mortgage Debt Relief Programs during the 1930s
AN  - 1448769938; 2011-517053
AB  - This paper describes New Deal farm mortgage debt relief programs, implemented through the Federal Land Banks and the Land Bank Commissioner. Along with the Home Owners' Loan Corporation, the analogous program for nonfarm residential mortgage borrowers was the first large-scale mortgage debt relief programs in US history. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 22 2013, 27 pp.
AU  - Rose, Jonathan D
Y1  - 2013/04/22/
PY  - 2013
DA  - 2013 Apr 22
PB  - Board of Governors of the Federal Reserve System System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Agriculture and agricultural policy - Agricultural economics and farm holdings
KW  - Environment and environmental policy - Ecology and environmental policy
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Social conditions and policy - History
KW  - Business and service sector - Business and business enterprises
KW  - United States
KW  - Farms
KW  - Corporations
KW  - Land
KW  - History
KW  - Loans
KW  - Debt relief
KW  - Public lands
KW  - Banking
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769938?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rose%2C+Jonathan+D&rft.aulast=Rose&rft.aufirst=Jonathan&rft.date=2013-04-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Primer+on+Farm+Mortgage+Debt+Relief+Programs+during+the+1930s&rft.title=A+Primer+on+Farm+Mortgage+Debt+Relief+Programs+during+the+1930s&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201333/201333pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-33
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Taxation, Match Quality, and Social Welfare
AN  - 1738472876; 2011-517091
AB  - A large public finance literature argues that taxable income elasticities are a sufficient statistic for the social welfare consequences of taxation. Such deadweight loss calculations are overestimates proportional to the quantitative significance of heterogeneity in amenities across job matches. In particular, the endogenous supply of amenities can substantially exacerbate this overestimation in both static and dynamic environments. Given the possibility of gradual migration of workers into more amenity-focused job matches in response to tax increases, welfare calculations based on long-run taxable income elasticities can be more misleading than those based on short-run elasticities. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 19 2013, 29 pp.
AU  - Epstein, Brendan
AU  - Nunn, Ryan
Y1  - 2013/04/19/
PY  - 2013
DA  - 2013 Apr 19
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Business and service sector - Accounting
KW  - Population groups, population policy, and demographics - Migrants and migration
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Public finance
KW  - Taxation
KW  - Statistics
KW  - Welfare economics
KW  - Migration
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472876?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Epstein%2C+Brendan%3BNunn%2C+Ryan&rft.aulast=Epstein&rft.aufirst=Brendan&rft.date=2013-04-19&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Taxation%2C+Match+Quality%2C+and+Social+Welfare&rft.title=Taxation%2C+Match+Quality%2C+and+Social+Welfare&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1079/ifdp1079.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1079
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Nature of Countercyclical Income Risk
AN  - 1448769432; 2011-517060
AB  - This paper studies the nature of business cycle variation in individual earnings risk using a dataset from the US Social Security Administration, which contains (uncapped) earnings histories for millions of anonymous individuals. The base sample is a nationally representative panel containing 10% of all US males from 1978 to 2010. The study uses these data to decompose individual earnings growth during recessions into "between-group" and "within-group" components. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 12 2013, 62 pp.
AU  - Guvenen, Fatih
AU  - Ozkan, Serdar
AU  - Song, Jae
Y1  - 2013/04/12/
PY  - 2013
DA  - 2013 Apr 12
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Public safety and security
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Social conditions and policy - History
KW  - Business and service sector - Accounting
KW  - United States
KW  - Risk
KW  - United States Social security administration
KW  - History
KW  - Business cycles
KW  - Economic conditions
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769432?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Guvenen%2C+Fatih%3BOzkan%2C+Serdar%3BSong%2C+Jae&rft.aulast=Guvenen&rft.aufirst=Fatih&rft.date=2013-04-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Nature+of+Countercyclical+Income+Risk&rft.title=The+Nature+of+Countercyclical+Income+Risk&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201325/201325pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-25
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Dementia Risk and Financial Decision Making by Older Households: The Impact of Information
AN  - 1738474478; 2011-517042
AB  - The knowledge and reasoning ability needed to manage one's finances is a form of human capital. Alzheimer's disease and other dementias cause progressive declines in cognition that lead to a complete loss of functional capacities. This study analyzes the impact of information about cognitive decline on the choice of household financial decision-maker and finds that, consistent with a model of the value of information, households with the most to gain financially from preparation are most responsive to information about cognitive decline. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 1 2013, 43 pp.
AU  - Hsu, Joanne W
AU  - Willis, Robert J
Y1  - 2013/04/01/
PY  - 2013
DA  - 2013 Apr 01
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Health conditions and policy - Diseases and disorders
KW  - Social conditions and policy - Public safety and security
KW  - Labor conditions and policy - Employment and labor supply
KW  - Risk
KW  - Human capital
KW  - Households
KW  - Alzheimer's disease
KW  - Dementia
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474478?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Hsu%2C+Joanne+W%3BWillis%2C+Robert+J&rft.aulast=Hsu&rft.aufirst=Joanne&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Dementia+Risk+and+Financial+Decision+Making+by+Older+Households%3A+The+Impact+of+Information&rft.title=Dementia+Risk+and+Financial+Decision+Making+by+Older+Households%3A+The+Impact+of+Information&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201345/201345pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-45
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Long and the Short of Household Formation
AN  - 1738473596; 2011-517059
AB  - One of the drivers of housing demand is the rate of new household formation, which has been well below trend in recent years, leading to persistent weakness in the housing market. This paper studies the determinants of household formation in the US, including demographic and behavioral changes, and how they evolve over the long and short runs. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 1 2013, 39 pp.
AU  - Paciorek, Andrew D
Y1  - 2013/04/01/
PY  - 2013
DA  - 2013 Apr 01
PB  - Board of Governors of the Federal Reserve System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Social conditions and policy - Housing
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - United States
KW  - Housing
KW  - Households
KW  - Markets
KW  - Demographics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473596?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Paciorek%2C+Andrew+D&rft.aulast=Paciorek&rft.aufirst=Andrew&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Long+and+the+Short+of+Household+Formation&rft.title=The+Long+and+the+Short+of+Household+Formation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201326/201326pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-26
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints
AN  - 1738473539; 2011-517046
AB  - Studies optimal government spending and monetary policy when the nominal interest rate is subject to the zero lower bound constraint in a stochastic New Keynesian economy. The government increases its spending when at the zero lower bound by a substantially larger amount in the stochastic environment than it would in the deterministic environment. Uncertainty creates a time-consistency problem if the steady-state is inefficient. Although access to government spending policy increases welfare in a large deflationary shock, it decreases welfare during normal times as the government reduces the nominal interest rate less aggressively before reaching the zero lower bound. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2013, 30 pp.
AU  - Nakata, Taisuke
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - Welfare economics
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473539?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nakata%2C+Taisuke&rft.aulast=Nakata&rft.aufirst=Taisuke&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Optimal+Fiscal+and+Monetary+Policy+with+Occasionally+Binding+Zero+Bound+Constraints&rft.title=Optimal+Fiscal+and+Monetary+Policy+with+Occasionally+Binding+Zero+Bound+Constraints&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201340/201340pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-40
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Declining Migration within the US: The Role of the Labor Market
AN  - 1738473533; 2011-517058
AB  - Examines explanations for the secular decline in interstate migration since the 1980s. After showing that demographic and socioeconomic factors can account for little of this decrease, this study presents evidence suggesting that it is related to a downward trend in labor market transitions -- a decline in the fraction of workers moving from job to job, changing industry, and changing occupation. The study explores a number of reasons why these flows have diminished over time, including changes in the distribution of job opportunities across space, polarization in the labor market, concerns of dual-career households, and a strengthening of internal labor markets. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2013, 49 pp.
AU  - Molloy, Raven
AU  - Smith, Christopher L
AU  - Wozniak, Abigail
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Work and labor
KW  - Population groups, population policy, and demographics - Migrants and migration
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Population groups, population policy, and demographics - Demography and census
KW  - United States
KW  - Socioeconomic status
KW  - Households
KW  - Occupations
KW  - Markets
KW  - Migration
KW  - Demographics
KW  - Labor
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473533?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Molloy%2C+Raven%3BSmith%2C+Christopher+L%3BWozniak%2C+Abigail&rft.aulast=Molloy&rft.aufirst=Raven&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Declining+Migration+within+the+US%3A+The+Role+of+the+Labor+Market&rft.title=Declining+Migration+within+the+US%3A+The+Role+of+the+Labor+Market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201327/201327pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-27
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Revenge of the Steamroller: ABCP as a Window on Risk Choices
AN  - 1738472802; 2011-517097
AB  - Empirically examines financial institutions' motivations to take systematic bad-tail risk in the form of sponsorship of credit-arbitrage asset-backed commercial paper vehicles. A run on debt issued by such vehicles played a key role in causing and propagating the liquidity crisis that began in the summer of 2007. The study finds evidence consistent with important roles for both owner-manager agency problems and government-induced distortions, especially government control or ownership of banks. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2013, 55 pp.
AU  - Arteta, Carlos
AU  - Carey, Mark
AU  - Correa, Ricardo
AU  - Kotter, Jason
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Accounting
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic theory
KW  - Risk
KW  - Finance
KW  - Economics
KW  - Debt
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472802?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Arteta%2C+Carlos%3BCarey%2C+Mark%3BCorrea%2C+Ricardo%3BKotter%2C+Jason&rft.aulast=Arteta&rft.aufirst=Carlos&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Revenge+of+the+Steamroller%3A+ABCP+as+a+Window+on+Risk+Choices&rft.title=Revenge+of+the+Steamroller%3A+ABCP+as+a+Window+on+Risk+Choices&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1076/ifdp1076.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1076
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds
AN  - 1497406242; 2011-542942
AB  - This paper introduces a proposal for money market fund (MMF) reform to mitigate the systemic risk and externalities that arise from the funds' vulnerability to runs and to protect shareholders who do not redeem quickly when runs occur. Our proposal would require that a small fraction of each MMF shareholder's recent balances, called the "minimum balance at risk" (MBR), be available for redemption only with a delay of 30 days. Most regular transactions in the fund would be unaffected; the requirement would only affect redemptions of the shareholder's MBR. In addition, in the rare event that a fund suffers losses, the MBRs of investors who have recently made large redemptions would absorb losses before those of nonredeeming investors. This subordination of redeeming investors' MBRs would create a disincentive to redeem if the fund is likely to have losses, but would have little effect on incentives when the risk of loss is remote. We use empirical evidence, including a novel data set from the U.S. Treasury and the U.S. Securities and Exchange Commission on MMF losses in 2008, to calibrate an MBR rule that would reduce the vulnerability of MMFs to runs. Adapted from the source document.
JF  - Brookings Papers on Economic Activity
AU  - McCabe, Patrick E
AU  - Cipriani, Marco
AU  - Holscher, Michael
AU  - Martin, Antoine
AD  - Board of Governors of the Federal Reserve System
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
SP  - 211
EP  - 278
PB  - Brookings Institution, Washington, DC
SN  - 0007-2303, 0007-2303
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - Culture and religion - Intellectual life
KW  - Politics - Politics and policy-making
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Risk
KW  - Investors
KW  - Treasury
KW  - Regulation
KW  - Money market
KW  - Decision-making
KW  - article
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1497406242?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Apais&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Brookings+Papers+on+Economic+Activity&rft.atitle=The+Minimum+Balance+at+Risk%3A+A+Proposal+to+Mitigate+the+Systemic+Risks+Posed+by+Money+Market+Funds&rft.au=McCabe%2C+Patrick+E%3BCipriani%2C+Marco%3BHolscher%2C+Michael%3BMartin%2C+Antoine&rft.aulast=McCabe&rft.aufirst=Patrick&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=211&rft.isbn=&rft.btitle=&rft.title=Brookings+Papers+on+Economic+Activity&rft.issn=00072303&rft_id=info:doi/
LA  - English
DB  - PAIS Index
N1  - Date revised - 2014-01-01
N1  - Last updated - 2016-09-28
N1  - SubjectsTermNotLitGenreText - Risk; Investors; Money market; Treasury; Decision-making; Regulation
ER  - 



TY  - BOOK
T1  - Duration Risk versus Local Supply Channel in Treasury Yields: Evidence from the Federal Reserve's Asset Purchase Announcements
AN  - 1448770257; 2011-517051
AB  - The Federal Open Market Committee's (FOMC's) announcements of Treasury purchase programs and the subsequent or contemporaneous statements by the New York Fed about the programs' operational details provide a sequence of natural experiments with the potential to shed light on the relative importance of the duration risk channel versus the local supply channel for the transmission of supply effects to the term structure of interest rates. Using intraday security-level data on Treasury securities, this study conducts five event studies to document the presence of local supply effects and duration risk effects. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 2013, 38 pp.
AU  - Cahill, Michael E
AU  - D'Amico, Stefania
AU  - Li, Canlin
AU  - Sears, John S
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - Securities
KW  - Risk
KW  - Assets
KW  - Treasury
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770257?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Cahill%2C+Michael+E%3BD%27Amico%2C+Stefania%3BLi%2C+Canlin%3BSears%2C+John+S&rft.aulast=Cahill&rft.aufirst=Michael&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Duration+Risk+versus+Local+Supply+Channel+in+Treasury+Yields%3A+Evidence+from+the+Federal+Reserve%27s+Asset+Purchase+Announcements&rft.title=Duration+Risk+versus+Local+Supply+Channel+in+Treasury+Yields%3A+Evidence+from+the+Federal+Reserve%27s+Asset+Purchase+Announcements&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201335/201335pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-35
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Cross-Market Spillover of Economic Shocks through Multi-Market Banks
AN  - 1448770233; 2011-517036
AB  - This paper investigates the mortgage lending of banks operating in multiple US metropolitan areas during the housing market collapse of 2007-2009. Some metro areas in the US suffered much greater mortgage defaults than others. This study uses this regional variation to identify whether high mortgage delinquencies in some markets affected multi-market banks' mortgage lending in other markets. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 2013, 43 pp.
AU  - Berrospide, Jose M
AU  - Black, Lamont K
AU  - Keeton, William R
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Housing
KW  - Social conditions and policy - Urban conditions
KW  - United States
KW  - Housing
KW  - Banking
KW  - Markets
KW  - Metropolitan areas
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770233?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Berrospide%2C+Jose+M%3BBlack%2C+Lamont+K%3BKeeton%2C+William+R&rft.aulast=Berrospide&rft.aufirst=Jose&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Cross-Market+Spillover+of+Economic+Shocks+through+Multi-Market+Banks&rft.title=The+Cross-Market+Spillover+of+Economic+Shocks+through+Multi-Market+Banks&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201352/201352pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-52
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Analyzing Federal Reserve Asset Purchases: From Whom Does the Fed Buy?
AN  - 1448769950; 2011-517054
AB  - Asset purchases have become a Federal Reserve monetary policy tool in recent years. Most studies of the Federal Reserve's asset purchases have tried to measure the interest rate effects of the policies, but the theory of how asset purchases work is less well developed. The study finds that the Federal Reserve is ultimately buying from only a handful of investor types, primarily households, with a different reaction to changes in Federal Reserve holdings of longer-term versus shorter-term assets. Although not evident for all investors, the key participants are shown to rebalance their portfolios toward more risky assets during this period. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Apr 2013, 28 pp.
AU  - Carpenter, Seth
AU  - Demiralp, Selva
AU  - Ihrig, Jane
AU  - Klee, Elizabeth
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Interest rates
KW  - Investors
KW  - Assets
KW  - Households
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769950?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carpenter%2C+Seth%3BDemiralp%2C+Selva%3BIhrig%2C+Jane%3BKlee%2C+Elizabeth&rft.aulast=Carpenter&rft.aufirst=Seth&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Analyzing+Federal+Reserve+Asset+Purchases%3A+From+Whom+Does+the+Fed+Buy%3F&rft.title=Analyzing+Federal+Reserve+Asset+Purchases%3A+From+Whom+Does+the+Fed+Buy%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201332/201332pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-32
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Robust Neighborhood Truncation Approach to Estimation of Integrated Quarticity
AN  - 1448769926; 2011-517092
AB  - Provides a first in-depth look at robust estimation of integrated quarticity (IQ) based on high frequency data. IQ is the key ingredient enabling inference about volatility and the presence of jumps in financial time series and is thus of considerable interest in applications. This report documents the significant empirical challenges for IQ estimation posed by commonly encountered data imperfections and set forth three complementary approaches for improving IQ-based inference. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 2013, 50 pp.
AU  - Andersen, Torben G
AU  - Dobrev, Dobrislav
AU  - Schaumburg, Ernst
Y1  - 2013/04//
PY  - 2013
DA  - April 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Urban conditions
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic theory
KW  - Financial Times
KW  - Finance
KW  - Economics
KW  - Neighborhoods
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769926?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Andersen%2C+Torben+G%3BDobrev%2C+Dobrislav%3BSchaumburg%2C+Ernst&rft.aulast=Andersen&rft.aufirst=Torben&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Robust+Neighborhood+Truncation+Approach+to+Estimation+of+Integrated+Quarticity&rft.title=A+Robust+Neighborhood+Truncation+Approach+to+Estimation+of+Integrated+Quarticity&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1078/ifdp1078.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1078
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Estate vs. Capital Gains Taxation: An Evaluation of Prospective Policies for Taxing Wealth at the Time of Death
AN  - 1448769292; 2011-517057
AB  - Debate over the US federal estate tax has intensified recently as a result of the sunset provisions in the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 and changes in law passed in conjunction with the "fiscal cliff" at the end of 2012. Despite recent changes in the law, there remains an open debate regarding the extent to which prospective estates comprise assets that have been taxed previously. Using wealth data on US households, this study forecasts changes in household wealth in the coming decade and calculates the importance of untaxed wealth in bequeathed estates. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 1 2013, 44 pp.
AU  - Avery, Robert B
AU  - Grodzicki, Daniel
AU  - Moore, Kevin B
Y1  - 2013/04/01/
PY  - 2013
DA  - 2013 Apr 01
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Property and wealth
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Law and ethics - Law and jurisprudence
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Taxation
KW  - United States
KW  - Inheritance and transfer tax
KW  - Assets
KW  - Households
KW  - Economic development
KW  - Wealth
KW  - Capital
KW  - Law
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769292?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Avery%2C+Robert+B%3BGrodzicki%2C+Daniel%3BMoore%2C+Kevin+B&rft.aulast=Avery&rft.aufirst=Robert&rft.date=2013-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Estate+vs.+Capital+Gains+Taxation%3A+An+Evaluation+of+Prospective+Policies+for+Taxing+Wealth+at+the+Time+of+Death&rft.title=Estate+vs.+Capital+Gains+Taxation%3A+An+Evaluation+of+Prospective+Policies+for+Taxing+Wealth+at+the+Time+of+Death&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201328/201328pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-28
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Equity Extraction and Mortgage Default
AN  - 1448772085; 2011-517055
AB  - Using a property-level data set of houses in Los Angeles County, this study estimates that 30% of the recent surge in mortgage defaults is attributable to early homebuyers who would not have defaulted had they not borrowed against the rising value of their homes during the boom. It develops and estimates a structural model capable of explaining the patterns of both equity extraction and default observed among this group of homeowners. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 21 2013, 62 pp.
AU  - Laufer, Steven
Y1  - 2013/03/21/
PY  - 2013
DA  - 2013 Mar 21
PB  - Board of Governors of the Federal Reserve System System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Social values
KW  - Business and service sector - Business finance
KW  - Los Angeles, California
KW  - Finance
KW  - Housing policy
KW  - Equality
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448772085?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Laufer%2C+Steven&rft.aulast=Laufer&rft.aufirst=Steven&rft.date=2013-03-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Equity+Extraction+and+Mortgage+Default&rft.title=Equity+Extraction+and+Mortgage+Default&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201330/201330pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-30
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Is the Information Technology Revolution Over?
AN  - 1738473478; 2011-517050
AB  - Given the slowdown in labor productivity growth in the mid-2000s, some have argued that the boost to labor productivity from information technology (IT) may have run its course. This paper contributes three types of evidence to this debate: (1) Since 2004, IT has continued to make a significant contribution to labor productivity growth; (2) Semiconductor technology, a key ingredient of the IT revolution, has continued to advance at a rapid pace; and (3) Given the ongoing advance in semiconductors, the pace of labor productivity growth could rise back up to or exceed the long-run average. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2013, 48 pp.
AU  - Byrne, David M
AU  - Oliner, Stephen D
AU  - Sichel, Daniel E
Y1  - 2013/03//
PY  - 2013
DA  - March 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Manufacturing and heavy industry - Computer and electronics industry
KW  - Science and technology policy - Computer science and information technology
KW  - Politics - Political dissent and internal conflict
KW  - Science and technology policy - Technology and technology policy
KW  - Labor productivity
KW  - Revolution
KW  - Semiconductors
KW  - Information technology
KW  - Technology
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473478?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Byrne%2C+David+M%3BOliner%2C+Stephen+D%3BSichel%2C+Daniel+E&rft.aulast=Byrne&rft.aufirst=David&rft.date=2013-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Is+the+Information+Technology+Revolution+Over%3F&rft.title=Is+the+Information+Technology+Revolution+Over%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201336/201336pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-36
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Early Withdrawals from Retirement Accounts during the Great Recession
AN  - 1448769302; 2011-517063
AB  - Early withdrawals from retirement accounts are a double-edged sword, because withdrawals reduce retirement resources, but they also allow individuals to smooth consumption when they experience demographic and economic shocks. Using tax data, this study shows that pre-retirement withdrawals increased between 2004 and 2010, but early withdrawal rates are substantial (relative to new contributions) in all of those years. Early withdrawal events are strongly correlated with shocks to income and marital status, and lower-income taxpayers are more likely to experience the types of shocks associated with early withdrawals and more likely to have a taxable withdrawal when they experience a shock. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 2013, 28 pp.
AU  - Argento, Robert
AU  - Bryant, Victoria L
AU  - Sabelhaus, John
Y1  - 2013/03//
PY  - 2013
DA  - March 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Consumers and consumption
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Marriage and family life
KW  - Business and service sector - Accounting
KW  - Marital status
KW  - Consumption
KW  - Economic conditions
KW  - Demographics
KW  - Retirement
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769302?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Argento%2C+Robert%3BBryant%2C+Victoria+L%3BSabelhaus%2C+John&rft.aulast=Argento&rft.aufirst=Robert&rft.date=2013-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Early+Withdrawals+from+Retirement+Accounts+during+the+Great+Recession&rft.title=Early+Withdrawals+from+Retirement+Accounts+during+the+Great+Recession&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201322/201322pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-22
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Asymmetric Information and the Death of ABS CDOs
AN  - 1448769054; 2011-517093
AB  - A feature of the 2007 financial crisis is that, for some classes of securities, trade has practically ceased, especially those securities where the payoff streams are particularly complex, for example, structured finance asset backed securities (ABS) CDOs. One explanation for this is that information about these securities' intrinsic values since the crisis has been asymmetric, with current holders having better information than potential buyers. This study characterizes the information asymmetries in the structured finance ABS CDO market and shows how the resulting adverse selection problem could explain why the bulk of these securities either trade at significant discounts or do not trade. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 2013, 30 pp.
AU  - Beltran, Daniel O
AU  - Cordell, Larry
AU  - Thomas, Charles P
Y1  - 2013/03//
PY  - 2013
DA  - March 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic conditions
KW  - Assets
KW  - Finance
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769054?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Beltran%2C+Daniel+O%3BCordell%2C+Larry%3BThomas%2C+Charles+P&rft.aulast=Beltran&rft.aufirst=Daniel&rft.date=2013-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Asymmetric+Information+and+the+Death+of+ABS+CDOs&rft.title=Asymmetric+Information+and+the+Death+of+ABS+CDOs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1075/ifdp1075.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1075
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Theory of Rollover Risk, Sudden Stops, and Foreign Reserves
AN  - 1738472864; 2011-517095
AB  - Emerging economies, unlike advanced economies, have accumulated large foreign reserve holdings. This study argues that this policy is an optimal response to an increase in foreign debt rollover risk. It finds a small, unexpected, and permanent increase in rollover risk accounts for the outburst of sudden stops in the late 1990s, the subsequent increase in foreign reserves holdings, and the salient resilience of emerging economies to sudden stops ever since. A policy of pooling reserves can substantially reduce the reserves needed by emerging economies. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Feb 15 2013, 45 pp.
AU  - Hur, Sewon
AU  - Kondo, Illenin O
Y1  - 2013/02/15/
PY  - 2013
DA  - 2013 Feb 15
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Social conditions and policy - Public safety and security
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Accounting
KW  - Risk
KW  - Debt
KW  - Capital
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472864?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Hur%2C+Sewon%3BKondo%2C+Illenin+O&rft.aulast=Hur&rft.aufirst=Sewon&rft.date=2013-02-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Theory+of+Rollover+Risk%2C+Sudden+Stops%2C+and+Foreign+Reserves&rft.title=A+Theory+of+Rollover+Risk%2C+Sudden+Stops%2C+and+Foreign+Reserves&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1073/ifdp1073.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1073
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts
AN  - 1448772047; 2011-517062
AB  - To determine whether freedom to choose how retirement funds reduces workers retirement, this study analyzes social risks of allowing choice, using the Social Security system as an example. Comparing a privatized alternative with the current system via simulation, the study documents that choice in both equity allocation and equity composition lead to increased income inequality and risk of shortfalls relative to currently promised benefits. While private accounts disproportionately increase shortfall risk for low-income workers, allowing choice increases risk for all workers (even with high return outcomes). Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 15 2013, 41 pp.
AU  - Ahmed, Javed I
AU  - Barber, Brad M
AU  - Odean, Terrance
Y1  - 2013/02/15/
PY  - 2013
DA  - 2013 Feb 15
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Public safety and security
KW  - Social conditions and policy - Social values
KW  - Labor conditions and policy - Employment and labor supply
KW  - Social conditions and policy - Social policy and social development
KW  - Economic conditions and policy - Economic conditions
KW  - Human rights - Civil and political rights
KW  - Risk
KW  - Liberty
KW  - Income distribution
KW  - Benefits
KW  - Retirement
KW  - Social insurance
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448772047?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ahmed%2C+Javed+I%3BBarber%2C+Brad+M%3BOdean%2C+Terrance&rft.aulast=Ahmed&rft.aufirst=Javed&rft.date=2013-02-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Made+Poorer+by+Choice%3A+Worker+Outcomes+in+Social+Security+v.+Private+Retirement+Accounts&rft.title=Made+Poorer+by+Choice%3A+Worker+Outcomes+in+Social+Security+v.+Private+Retirement+Accounts&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201323/201323pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-23
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Welfare Costs of Shifting Trend Inflation
AN  - 1448772071; 2011-517072
AB  - This paper studies the welfare consequences of exogenous variations in trend inflation in a New Keynesian economy. Consumption and leisure respond asymmetrically to a rise and a decline in trend inflation. As a result, an increase in the variance of shocks to the trend inflation process decreases welfare not only by increasing the volatilities of consumption and leisure, but also by decreasing their average levels. The welfare cost of drifting trend inflation is modest and comes mainly from reduced average levels of consumption and leisure, not from their increased volatilities. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 6 2013, 21 pp.
AU  - Nakata, Taisuke
Y1  - 2013/02/06/
PY  - 2013
DA  - 2013 Feb 06
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Social conditions and policy - Leisure, recreation, and hobbies
KW  - Economic conditions and policy - Consumers and consumption
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Leisure
KW  - Welfare economics
KW  - Consumption
KW  - Inflation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448772071?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nakata%2C+Taisuke&rft.aulast=Nakata&rft.aufirst=Taisuke&rft.date=2013-02-06&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Welfare+Costs+of+Shifting+Trend+Inflation&rft.title=Welfare+Costs+of+Shifting+Trend+Inflation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201312/201312pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-12
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Uncertainty, Risk, and Incentives: Theory and Evidence
AN  - 1448770224; 2011-517067
AB  - Uncertainty has qualitatively different implications than risk in studying executive incentives. This research studies the interplay between profitability uncertainty and moral hazard, where profitability is multiplicative with managerial effort. Investors who face greater uncertainty desire faster learning, and consequently offer higher managerial incentives to induce higher effort from the manager. In contrast to the standard negative risk-incentive trade-off, this "learning-by-doing" effect generates a positive relation between profitability uncertainty and incentives. There is empirical support for this prediction. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 2013, 39 pp.
AU  - He, Zhiguo
AU  - Li, Si
AU  - Wei, Bin
AU  - Yu, Jianfeng
Y1  - 2013/02//
PY  - 2013
DA  - February 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Entrepreneurs, executives, business personnel, and occupations
KW  - Business and service sector - Business and business enterprises
KW  - Executives
KW  - Risk
KW  - Investors
KW  - Business
KW  - Standards
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770224?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=He%2C+Zhiguo%3BLi%2C+Si%3BWei%2C+Bin%3BYu%2C+Jianfeng&rft.aulast=He&rft.aufirst=Zhiguo&rft.date=2013-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Uncertainty%2C+Risk%2C+and+Incentives%3A+Theory+and+Evidence&rft.title=Uncertainty%2C+Risk%2C+and+Incentives%3A+Theory+and+Evidence&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201318/201318pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-18
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Cyclicality of Job-to-Job Transitions and Its Implications for Aggregate Productivity
AN  - 1448769639; 2011-517094
AB  - This paper analyzes the job-to-job transitions of workers in the US. The bias-corrected series from 1996 to 2011 reveals a procyclical pattern of job-to-job transition and a large decline since the beginning of the 2000s, and the author constructs a model of on-the-job search and explores the implications of this phenomenon. The calibrated model shows that the decline in the reallocation of workers through job-to-job transitions has had a substantial effect on total factor productivity (TFP). Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 2013, 47 pp.
AU  - Mukoyama, Toshihiko
Y1  - 2013/02//
PY  - 2013
DA  - February 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Labor conditions and policy - Work and labor
KW  - United States
KW  - Productivity
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769639?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Mukoyama%2C+Toshihiko&rft.aulast=Mukoyama&rft.aufirst=Toshihiko&rft.date=2013-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Cyclicality+of+Job-to-Job+Transitions+and+Its+Implications+for+Aggregate+Productivity&rft.title=The+Cyclicality+of+Job-to-Job+Transitions+and+Its+Implications+for+Aggregate+Productivity&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1074/ifdp1074.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa.no. 1074
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Fiscal consolidation in a currency union: spending cuts vs. tax hikes
AN  - 1282038804; 4390685
AB  - This paper uses a two country DSGE model to examine the effects of tax-based vs. expenditure-based fiscal consolidation in a currency union. We find three key results. First, given limited scope for monetary accommodation, tax-based consolidation tends to have smaller adverse effects on output than expenditure-based consolidation in the near-term, though is more costly in the longer-run. Second, a large expenditure-based consolidation may be counterproductive in the near-term if the zero lower bound is binding, reflecting that output losses rise at the margin. Third, a ''mixed strategy'' that combines a sharp but temporary rise in taxes with gradual spending cuts may be desirable in minimizing the output costs of fiscal consolidation. All rights reserved, Elsevier
JF  - Journal of economic dynamics and control
AU  - Erceg, C J
AU  - Linde, J
AD  - US Board of Governors of the Federal Reserve System
Y1  - 2013/02//
PY  - 2013
DA  - Feb 2013
SP  - 422
EP  - 445
VL  - 37
IS  - 2
SN  - 0165-1889, 0165-1889
KW  - Economics
KW  - Expenditure
KW  - Liquidity trap
KW  - Profit margins
KW  - Currency market
KW  - Fiscal policy
KW  - Monetary policy
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1282038804?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+economic+dynamics+and+control&rft.atitle=Fiscal+consolidation+in+a+currency+union%3A+spending+cuts+vs.+tax+hikes&rft.au=Erceg%2C+C+J%3BLinde%2C+J&rft.aulast=Erceg&rft.aufirst=C&rft.date=2013-02-01&rft.volume=37&rft.issue=2&rft.spage=422&rft.isbn=&rft.btitle=&rft.title=Journal+of+economic+dynamics+and+control&rft.issn=01651889&rft_id=info:doi/10.1016%2Fj.jedc.2012.09.012
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 8217 3977 5574 10472; 5001 3977 5574 10472; 7448 8217 3977 5574 10472; 3221; 10309 10304; 4618
DO  - http://dx.doi.org/10.1016/j.jedc.2012.09.012
ER  - 



TY  - BOOK
T1  - Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy
AN  - 1738474414; 2011-517071
AB  - Credit to consumers and business is critical to the efficient functioning of the US economy, and finance companies are a key source of such credit. Every five years, the Federal Reserve conducts a two-part survey to identify the universe of such firms and to obtain balance-sheet data from firms identified in the Census of Finance Companies (CFC). A follow-up study of nonrespondents to the CFC was conducted to obtain information on the operating status of the unobserved firms. This paper describes the way the CFC and the follow-up were used to construct an estimate of the universe of finance companies. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jan 28 2013, 37 pp.
AU  - Chen, Lisa
AU  - Johnson, Kathleen W
AU  - Kennickell, Arthur B
Y1  - 2013/01/28/
PY  - 2013
DA  - 2013 Jan 28
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Consumers and consumption
KW  - Population groups, population policy, and demographics - Demography and census
KW  - United States
KW  - Business
KW  - Finance companies
KW  - Consumer credit
KW  - Surveys
KW  - Census
KW  - Consumers
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474414?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chen%2C+Lisa%3BJohnson%2C+Kathleen+W%3BKennickell%2C+Arthur+B&rft.aulast=Chen&rft.aufirst=Lisa&rft.date=2013-01-28&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Discovering+the+Universe%3A+Measuring+the+Role+of+Finance+Companies+in+the+U.S.+Economy&rft.title=Discovering+the+Universe%3A+Measuring+the+Role+of+Finance+Companies+in+the+U.S.+Economy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201313/201313pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-13
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity
AN  - 1448772070; 2011-517073
AB  - Efforts in the US to promote bank liquidity through reserve requirements, a minimum ratio of liquid assets relative to liabilities, were quite important during the National Banking Era. Eventually, efforts to ensure that banks remained liquid resulted in a shift away from reserve requirements in favor of a central bank able to add liquidity to the financial system. This paper reviews the issues raised in the historical debates about reserve requirements along with some empirical evidence on banks' holdings of reserves, to provide some insights and lessons that are relevant today. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Jan 24 2013, 32 pp.
AU  - Carlson, Mark A
Y1  - 2013/01/24/
PY  - 2013
DA  - 2013 Jan 24
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Central banks
KW  - United States
KW  - Assets
KW  - Liability
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448772070?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carlson%2C+Mark+A&rft.aulast=Carlson&rft.aufirst=Mark&rft.date=2013-01-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Lessons+from+the+Historical+Use+of+Reserve+Requirements+in+the+United+States+to+Promote+Bank+Liquidity&rft.title=Lessons+from+the+Historical+Use+of+Reserve+Requirements+in+the+United+States+to+Promote+Bank+Liquidity&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201311/201311pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-11
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Exchange Rates, Monetary Policy Statements, and Uncovered Interest Parity: Before and after the Zero Lower Bound
AN  - 1738473515; 2011-517068
AB  - While uncovered interest parity (UIP) fails unconditionally, UIP conditional on monetary policy actions remains a cornerstone of macroeconomic models used for monetary policy analysis. This study posits that monetary policy actions are partially revealed by the Federal Open Market Committee (FOMC) statements and proposes a new identification strategy to uncover the degree to which such policy actions induce comovement in exchange rates and long-term interest rates consistent with uncovered interest parity. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 4 2013, 26 pp.
AU  - Kiley, Michael T
Y1  - 2013/01/04/
PY  - 2013
DA  - 2013 Jan 04
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic theory
KW  - Interest rates
KW  - Foreign exchange rates
KW  - Macroeconomics
KW  - Markets
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473515?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiley%2C+Michael+T&rft.aulast=Kiley&rft.aufirst=Michael&rft.date=2013-01-04&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Exchange+Rates%2C+Monetary+Policy+Statements%2C+and+Uncovered+Interest+Parity%3A+Before+and+after+the+Zero+Lower+Bound&rft.title=Exchange+Rates%2C+Monetary+Policy+Statements%2C+and+Uncovered+Interest+Parity%3A+Before+and+after+the+Zero+Lower+Bound&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201317/201317pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-17
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Response of Equity Prices to Movements in Long-term Interest Rates Associated with Monetary Policy Statements: Before and after the Zero Lower Bound
AN  - 1738474468; 2011-517070
AB  - Monetary policy actions since 2008 have influenced long-term interest rates through forward guidance and quantitative easing. This study proposes a strategy to identify the comovement between interest rate and equity price movements induced by monetary policy when an observable representing policy changes, such as changes in the interbank rate, is not available. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2 2013, 23 pp.
AU  - Kiley, Michael T
Y1  - 2013/01/02/
PY  - 2013
DA  - 2013 Jan 02
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Social values
KW  - Interest rates
KW  - Prices
KW  - Monetary policy
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474468?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiley%2C+Michael+T&rft.aulast=Kiley&rft.aufirst=Michael&rft.date=2013-01-02&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Response+of+Equity+Prices+to+Movements+in+Long-term+Interest+Rates+Associated+with+Monetary+Policy+Statements%3A+Before+and+after+the+Zero+Lower+Bound&rft.title=The+Response+of+Equity+Prices+to+Movements+in+Long-term+Interest+Rates+Associated+with+Monetary+Policy+Statements%3A+Before+and+after+the+Zero+Lower+Bound&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201315/201315pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-15
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Stock Prices, News, and Economic Fluctuations: Comment
AN  - 1448769023; 2011-517076
AB  - Beaudry and Portier (American Economic Review, 2006) propose an identification scheme to study the effects of news shocks about future productivity in Vector Error Correction Models (VECM). This comment shows that their methodology does not have a unique solution, when applied to their VECMs with more than two variables. The problem arises from the interplay of cointegration assumptions and long-run restrictions imposed by Beaudry and Portier (2006). Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Jan 2 2013, 27 pp.
AU  - Kurmann, Andre
AU  - Mertens, Elmar
Y1  - 2013/01/02/
PY  - 2013
DA  - 2013 Jan 02
PB  - Board of Governors of the Federal Reserve System System
KW  - Media - Journalism and the news
KW  - Business and service sector - Business finance
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Banking and public and private finance - Investments and securities
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic theory
KW  - Prices
KW  - Economics
KW  - Stocks
KW  - Errors
KW  - News
KW  - Productivity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769023?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kurmann%2C+Andre%3BMertens%2C+Elmar&rft.aulast=Kurmann&rft.aufirst=Andre&rft.date=2013-01-02&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Stock+Prices%2C+News%2C+and+Economic+Fluctuations%3A+Comment&rft.title=Stock+Prices%2C+News%2C+and+Economic+Fluctuations%3A+Comment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201308/201308pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-08
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Yield Curve Impacts of Forward Guidance and Maturity Extension Programs
AN  - 1537585511; 2011-582692
AB  - In 2011 and 2012, the Federal Reserve sold Treasury securities from the short end of the yield curve at the same time it was providing market participants with date-specific assurances that overnight interest rates would not rise. This study investigates how these two policies, which had conflicting pricing pressures, were absorbed by the market. Results suggest that these two reserve-neutral policies affected interest rates both within and beyond the stated policy periods. Tables.
JF  - Board of Governors of the Federal Reserve System, 2013, 30 pp.
AU  - Huther, Jeff W
AU  - Seligman, Jason S
Y1  - 2013///0,
PY  - 2013
DA  - 0, 2013
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Securities
KW  - Interest rates
KW  - Treasury
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1537585511?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Huther%2C+Jeff+W%3BSeligman%2C+Jason+S&rft.aulast=Huther&rft.aufirst=Jeff&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Yield+Curve+Impacts+of+Forward+Guidance+and+Maturity+Extension+Programs&rft.title=Yield+Curve+Impacts+of+Forward+Guidance+and+Maturity+Extension+Programs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201372/201372pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2013
N1  - SuppNotes - FEDS Working pa. 2013-72
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Test for Selection in Matched Administrative Earnings Data
AN  - 1448770430; 2011-517077
AB  - Tests whether individuals in the Health and Retirement Study who consented to have administrative earnings data matched to survey responses represent a non-random sample. For both men and women, there is a general pattern of negative selection across three measures of pre-entry labor-market behavior: labor-force participation, self-employment, and earnings -- However, for some outcomes the estimates are not precise enough to draw firm conclusions. The strongest results are that men who consented were 4.7 percentage points less likely to be self-employed than those who did not, and women who consented earned 13% less than those who did not. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, 2013, 18 pp.
AU  - Bricker, Jesse
AU  - Engelhardt, Gary V
Y1  - 2013///0,
PY  - 2013
DA  - 0, 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Population groups, population policy, and demographics - Men
KW  - Population groups, population policy, and demographics - Women
KW  - Labor conditions and policy - Work and labor
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Labor conditions and policy - Employment and labor supply
KW  - Men
KW  - Women
KW  - Surveys
KW  - Labor
KW  - Retirement
KW  - Self-employed
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770430?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bricker%2C+Jesse%3BEngelhardt%2C+Gary+V&rft.aulast=Bricker&rft.aufirst=Jesse&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Test+for+Selection+in+Matched+Administrative+Earnings+Data&rft.title=A+Test+for+Selection+in+Matched+Administrative+Earnings+Data&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201307/201307pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-07
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financial Stability Monitoring
AN  - 1448770073; 2011-517064
AB  - While the Dodd Frank Act (DFA) broadens the regulatory reach to reduce systemic risks to the US financial system, it does not address some important risks that could migrate to or emanate from entities outside the federal safety net. At the same time, it limits the types of interventions by financial authorities to address systemic events when they occur. As a result, a broad and forward-looking monitoring program, which seeks to identify financial vulnerabilities and guide the development of pre-emptive policies to help mitigate them, is essential. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, 2013, 58 pp.
AU  - Adrian, Tobias
AU  - Covitz, Daniel
AU  - Liang, Nellie
Y1  - 2013///0,
PY  - 2013
DA  - 0, 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Business management
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - United States
KW  - Risk
KW  - Authority
KW  - Regulation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770073?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Adrian%2C+Tobias%3BCovitz%2C+Daniel%3BLiang%2C+Nellie&rft.aulast=Adrian&rft.aufirst=Tobias&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financial+Stability+Monitoring&rft.title=Financial+Stability+Monitoring&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201321/201321pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-21
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Challenges for the Future of Chinese Economic Growth
AN  - 1448770038; 2011-517096
AB  - The Chinese economy has been growing at a rapid pace for over thirty years. Most of this growth has come from higher labor productivity, while growth of employment has diminished along with a slower rate of increase in the working-age population. This paper examines the challenges that China will face over the next two decades in maintaining its rapid pace of economic growth, especially as working-age population growth slows further and then begins to decline. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Jan 2013, 30 pp.
AU  - Haltmaier, Jane
Y1  - 2013/01//
PY  - 2013
DA  - January 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Labor conditions and policy - Employment and labor supply
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Labor productivity
KW  - Population growth
KW  - Economic development
KW  - Population
KW  - Employment
KW  - China (People's Republic)
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770038?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Haltmaier%2C+Jane&rft.aulast=Haltmaier&rft.aufirst=Jane&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Challenges+for+the+Future+of+Chinese+Economic+Growth&rft.title=Challenges+for+the+Future+of+Chinese+Economic+Growth&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2013/1072/ifdp1072.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - International Finance Discussion pa. no. 1072
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Importing, Exporting, and Firm-Level Employment Volatility
AN  - 1448770013; 2011-517043
AB  - This paper uses detailed trade and transactions data for the US manufacturing sector to empirically analyze the direction and magnitude of the association between firm-level exposure to trade and the volatility of employment growth. It finds that, relative to purely domestic firms, firms that only export and firms that both export and import are less volatile, whereas firms that only import are more volatile. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, 2013, 38 pp.
AU  - Kurz, Christopher
AU  - Senses, Mine Z
Y1  - 2013///0,
PY  - 2013
DA  - 0, 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Trade and trade policy - Export-import trade
KW  - Labor conditions and policy - Employment and labor supply
KW  - Social conditions and policy - Associations and meetings
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - United States
KW  - Associations
KW  - Manufacturing
KW  - Employment
KW  - Export-import trade
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448770013?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kurz%2C+Christopher%3BSenses%2C+Mine+Z&rft.aulast=Kurz&rft.aufirst=Christopher&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Importing%2C+Exporting%2C+and+Firm-Level+Employment+Volatility&rft.title=Importing%2C+Exporting%2C+and+Firm-Level+Employment+Volatility&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201344/201344pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-44
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Household Mobility over the Great Recession: Evidence from the U.S. 2007-09 Survey of Consumer Finances Panel
AN  - 1448769150; 2011-517035
AB  - This paper uses data from the 2007-2009 Survey of Consumer Finances panel to examine US households' decisions to move and the role of negative home equity and economic shocks, such as job loss, in these decisions. Even over this period of steep house price declines and sharp recession, most moves were prompted by standard reasons. The recession's effects are nonetheless apparent in the notable fraction of homeowners who moved involuntarily due to, for example, foreclosure. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, 2013, 26 pp.
AU  - Bucks, Brian K
AU  - Bricker, Jesse
Y1  - 2013///0,
PY  - 2013
DA  - 0, 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Economic conditions
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Consumers and consumption
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Social conditions and policy - Social values
KW  - Business and service sector - Business finance
KW  - United States
KW  - Prices
KW  - Households
KW  - Foreclosures
KW  - Surveys
KW  - Standards
KW  - Consumers
KW  - Economic conditions
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769150?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bucks%2C+Brian+K%3BBricker%2C+Jesse&rft.aulast=Bucks&rft.aufirst=Brian&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Household+Mobility+over+the+Great+Recession%3A+Evidence+from+the+U.S.+2007-09+Survey+of+Consumer+Finances+Panel&rft.title=Household+Mobility+over+the+Great+Recession%3A+Evidence+from+the+U.S.+2007-09+Survey+of+Consumer+Finances+Panel&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201353/201353pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-53
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Federal Reserve's Balance Sheet and Earnings: A Primer and Projections
AN  - 1448769125; 2011-517083
AB  - Over the past few years, the Federal Reserve's use of unconventional monetary policy tools has led it to hold a large portfolio of securities. The asset purchases are intended to put downward pressure on longer-term interest rates, but also affect the Federal Reserve's balance sheet and income. This report presents a framework for projecting Federal Reserve assets and liabilities and income through time. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Jan 2013, 49 pp.
AU  - Carpenter, Seth B
AU  - Ihrig, Jane E
AU  - Klee, Elizabeth C
AU  - Quinn, Daniel W
AU  - Boote, Alexander H
Y1  - 2013/01//
PY  - 2013
DA  - January 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Public finance
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - Assets
KW  - Balance sheets
KW  - Liability
KW  - Monetary policy
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769125?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carpenter%2C+Seth+B%3BIhrig%2C+Jane+E%3BKlee%2C+Elizabeth+C%3BQuinn%2C+Daniel+W%3BBoote%2C+Alexander+H&rft.aulast=Carpenter&rft.aufirst=Seth&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Federal+Reserve%27s+Balance+Sheet+and+Earnings%3A+A+Primer+and+Projections&rft.title=The+Federal+Reserve%27s+Balance+Sheet+and+Earnings%3A+A+Primer+and+Projections&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201301/201301pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-01
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effectiveness of the Non-Standard Policy Measures during the Financial Crises: The Experiences of the Federal Reserve and the European Central Bank
AN  - 1448769033; 2011-517052
AB  - A growing number of studies have sought to measure the effects of non-standard policy on bank funding markets. The purpose of this paper is to carry those estimates a step further by looking at the effects of bank funding market stress on the volume of bank lending, using a simultaneous equation approach. By separately modeling loan supply and demand, it determines how non-standard central bank measures affected bank lending by reducing stress in bank funding markets. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Jan 2013, 56 pp.
AU  - Carpenter, Seth B
AU  - Demiralp, Selva
AU  - Eisenschmidt, Jens
Y1  - 2013/01//
PY  - 2013
DA  - January 2013
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Central banks
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic theory
KW  - Central banks
KW  - Loans
KW  - Markets
KW  - Banking
KW  - Supply and demand
KW  - European central bank
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769033?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carpenter%2C+Seth+B%3BDemiralp%2C+Selva%3BEisenschmidt%2C+Jens&rft.aulast=Carpenter&rft.aufirst=Seth&rft.date=2013-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effectiveness+of+the+Non-Standard+Policy+Measures+during+the+Financial+Crises%3A+The+Experiences+of+the+Federal+Reserve+and+the+European+Central+Bank&rft.title=The+Effectiveness+of+the+Non-Standard+Policy+Measures+during+the+Financial+Crises%3A+The+Experiences+of+the+Federal+Reserve+and+the+European+Central+Bank&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201334/201334pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2013
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-34
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Misallocation and financial market frictions: some direct evidence from the dispersion in borrowing costs
AN  - 1282038803; 4390878
AB  - Financial frictions distort the allocation of resources among productive units-all else equal, firms whose financing choices are affected by such frictions face higher borrowing costs than firms with ready access to capital markets. As a result, input choices may differ systematically across firms in ways that are unrelated to their productive efficiency. We propose an accounting framework that allows us to assess empirically the magnitude of the loss in aggregate resources due to such misallocation. To a second-order approximation, the framework requires only information on the dispersion in borrowing costs across firms, which we measure-for a subset of U.S. manufacturing firms-directly from the interest rate spreads on their outstanding publicly-traded debt. Given the observed dispersion in borrowing costs, our approximation method implies a relatively modest loss in efficiency due to resource misallocation-on the order of 1 to 2 percent of measured total factor productivity (TFP). In our framework, the correlation between firm size and borrowing costs has no bearing on TFP losses under the assumption that financial distortions and firm-level efficiency are jointly log-normally distributed. To take into account the effect of covariation between firm size and borrowing costs, we consider a more general framework, which dispenses with the assumption of log-normality and which implies somewhat higher estimates of the resource losses-about 3.5 percent of measured TFP. Counterfactual experiments indicate that dispersion in borrowing costs must be an order of magnitude higher than that observed in the U.S. financial data, in order for misallocation-arising from financial distortions-to account for a significant fraction of measured TFP differentials across countries. All rights reserved, Elsevier
JF  - Review of economic dynamics
AU  - Gilchrist, S
AU  - Sim, J W
AU  - Zakrajsek, E
AD  - Board of Governors of the Federal Reserve System
Y1  - 2013/01//
PY  - 2013
DA  - Jan 2013
SP  - 159
EP  - 176
VL  - 16
IS  - 1
SN  - 1094-2025, 1094-2025
KW  - Economics
KW  - Costs
KW  - Capital market
KW  - Financial management
KW  - Manufacturing
KW  - U.S.A.
KW  - Borrowing
KW  - Total factor productivity
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Review+of+economic+dynamics&rft.atitle=Misallocation+and+financial+market+frictions%3A+some+direct+evidence+from+the+dispersion+in+borrowing+costs&rft.au=Gilchrist%2C+S%3BSim%2C+J+W%3BZakrajsek%2C+E&rft.aulast=Gilchrist&rft.aufirst=S&rft.date=2013-01-01&rft.volume=16&rft.issue=1&rft.spage=159&rft.isbn=&rft.btitle=&rft.title=Review+of+economic+dynamics&rft.issn=10942025&rft_id=info:doi/10.1016%2Fj.red.2012.11.001
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - Total factor productivity; 1983 7711; 7665 6431; 1722 4577 3872 554 971; 2934; 4937 7625; 433 293 14
DO  - http://dx.doi.org/10.1016/j.red.2012.11.001
ER  - 



TY  - BOOK
T1  - Why the Geographic Variation in Health Care Spending Can't Tell Us Much about the Efficiency or Quality of our Health Care System
AN  - 1738472916; 2011-517080
AB  - This paper examines the geographic variation in Medicare and non-Medicare health spending and finds little support for the view that most of the variation is attributable to differences in practice styles. Instead, it finds that socioeconomic factors that affect the need for medical care, as well as interactions between the Medicare system, Medicaid, and private health spending, can account for most of the variation in Medicare spending. Health spending of the non-Medicare population is not well correlated with Medicare spending, suggesting that Medicare spending is not a good proxy for average health spending by state. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Dec 20 2012, 54 pp.
AU  - Sheiner, Louise
Y1  - 2012/12/20/
PY  - 2012
DA  - 2012 Dec 20
PB  - Board of Governors of the Federal Reserve System
KW  - Health conditions and policy - Health and health policy
KW  - Health conditions and policy - Medicine and health care
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Social conditions and policy - Public welfare and social services
KW  - Socioeconomic status
KW  - Medicaid program
KW  - Medicare
KW  - Population
KW  - Medical service
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738472916?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sheiner%2C+Louise&rft.aulast=Sheiner&rft.aufirst=Louise&rft.date=2012-12-20&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Why+the+Geographic+Variation+in+Health+Care+Spending+Can%27t+Tell+Us+Much+about+the+Efficiency+or+Quality+of+our+Health+Care+System&rft.title=Why+the+Geographic+Variation+in+Health+Care+Spending+Can%27t+Tell+Us+Much+about+the+Efficiency+or+Quality+of+our+Health+Care+System&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201304/201304pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-04
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Uncertainty at the Zero Lower Bound
AN  - 1448769025; 2011-517075
AB  - This paper examines how the presence of uncertainty alters allocations and prices when the nominal interest rate is constrained by the zero lower bound. It finds that an increase in the variance of shocks to the discount factor process reduces consumption, inflation, and output by a substantially larger amount when the zero lower bound is binding than when it is not. Due to the zero lower bound constraint, policy functions for the real interest rates and the marginal costs of production are highly convex and concave, respectively. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Dec 17 2012, 37 pp.
AU  - Nakata, Taisuke
Y1  - 2012/12/17/
PY  - 2012
DA  - 2012 Dec 17
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Consumers and consumption
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Interest rates
KW  - Production
KW  - Prices
KW  - Consumption
KW  - Inflation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769025?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nakata%2C+Taisuke&rft.aulast=Nakata&rft.aufirst=Taisuke&rft.date=2012-12-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Uncertainty+at+the+Zero+Lower+Bound&rft.title=Uncertainty+at+the+Zero+Lower+Bound&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201309/201309pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-09
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply
AN  - 1448769110; 2011-517074
AB  - This paper studies how the collapse of the asset backed securities (ABS) market during the financial crisis of 2007-2009 affected the supply of credit to the broader economy using a new dataset that describes unique interbank relationships within the credit union industry. This industry is important for consumer finance, and ABS-related losses at correspondent credit unions are associated with a large contraction in the supply of consumer credit and a hoarding of cash among downstream credit unions. These results suggest that capital regulation might shape the ability of financial institutions to transmit securities price volatility onto the real economy. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Dec 5 2012, 53 pp.
AU  - Ramcharan, Rodney
AU  - Van den Heuvel, Skander
AU  - Verani, Stephane
Y1  - 2012/12/05/
PY  - 2012
DA  - 2012 Dec 05
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Consumers and consumption
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Banking and public and private finance - Stock and commodity exchanges
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Investments and securities
KW  - Securities
KW  - Assets
KW  - Wall Street
KW  - Finance
KW  - Prices
KW  - Consumer credit
KW  - Capital
KW  - Regulation
KW  - Hoarding
KW  - Consumers
KW  - Markets
KW  - Economic conditions
KW  - Credit unions
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769110?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ramcharan%2C+Rodney%3BVan+den+Heuvel%2C+Skander%3BVerani%2C+Stephane&rft.aulast=Ramcharan&rft.aufirst=Rodney&rft.date=2012-12-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=From+Wall+Street+to+Main+Street%3A+The+Impact+of+the+Financial+Crisis+on+Consumer+Credit+Supply&rft.title=From+Wall+Street+to+Main+Street%3A+The+Impact+of+the+Financial+Crisis+on+Consumer+Credit+Supply&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201310/201310pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-10
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Government Debt and Macroeconomic Activity: A Predictive Analysis for Advanced Economies
AN  - 1738472784; 2011-517079
AB  - This paper explores the empirical relationship between government debt and future macroeconomic activity using data on 20 advanced economies throughout the post-war era. The results show that statistical significance of the coefficient on the debt ratio in predictive regressions changes considerably with the use of robust inference techniques. For countries with relatively low average debt ratios, the study finds a negative threshold effect as their debt ratios increase toward moderate levels; For countries with chronically high debt ratios, GDP growth slows as relative government debt increases, but there is no significant threshold effect. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Dec 2012, 15 pp.
AU  - Baglan, Deniz
AU  - Yoldas, Emre
Y1  - 2012/12//
PY  - 2012
DA  - December 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic policy
KW  - Debt
KW  - Macroeconomics
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Baglan%2C+Deniz%3BYoldas%2C+Emre&rft.aulast=Baglan&rft.aufirst=Deniz&rft.date=2012-12-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Government+Debt+and+Macroeconomic+Activity%3A+A+Predictive+Analysis+for+Advanced+Economies&rft.title=Government+Debt+and+Macroeconomic+Activity%3A+A+Predictive+Analysis+for+Advanced+Economies&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201305/201305pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-05
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Price and Quality Dispersion in an Offshoring Market: Evidence from Semiconductor Production Services
AN  - 1448769063; 2011-517078
AB  - This research studies cross-country differences in price and quality in the market for semiconductor wafer manufacturing services. Using a proprietary transaction-level data set, it documents (1) substantial constant-quality price differences across suppliers and (2) shifts toward lower priced suppliers. Chinese producers on average charged 17% less than leading Taiwanese producers for otherwise identical products and increased their market share by 14.7 percentage points. The extent of cross-country price dispersion is also diminishing over a product's life: A model with costs of switching suppliers is consistent with these pricing dynamics and can sustain realistic quality-adjusted price dispersion. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Dec 2012, 51 pp.
AU  - Byrne, David M
AU  - Kovak, Brian K
AU  - Michaels, Ryan
Y1  - 2012/12//
PY  - 2012
DA  - December 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Manufacturing and heavy industry - Computer and electronics industry
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - Business and service sector - Business organization and administration
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Production
KW  - Outsourcing
KW  - Prices
KW  - Taiwanese
KW  - Semiconductors
KW  - Manufacturing
KW  - Markets
KW  - Market share
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2013/201306/201306pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-06
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Consumers and Debt Protection Products: Results of a New Consumer Survey
AN  - 1433380150
AB  - Debt protection products help consumers pay off a debt or continue or suspend payments upon the occurrence of unfortunate and unpredictable events like death, disability, and involuntary unemployment. Despite availability of debt protection in the form of credit insurance for decades, there still has not been a great deal of consumer research on these products. In particular, consumers' experiences with and attitudes toward credit insurance have been documented only infrequently over a long period of time. This article reexamines consumer experience with these products by reporting on new consumer survey results. The first section of this article describes these products more fully and addresses why they have sometimes been viewed as controversial. The following section provides background for the survey approach to studying these products, and the next examines results of a new nationwide survey of consumers conducted in early 2012. The final section provides a brief summary and conclusion.
JF  - Federal Reserve Bulletin
AU  - Durkin, Thomas A
AU  - Elliehausen, Gregory
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1
EP  - 10
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 9
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Studies
KW  - Polls & surveys
KW  - Credit insurance
KW  - Debt
KW  - Consumer attitudes
KW  - Credit management
KW  - United States--US
KW  - 3200:Credit management
KW  - 9130:Experiment/theoretical treatment
KW  - 7100:Market research
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Dec 2012
N1  - Document feature - Tables; References
N1  - Last updated - 2013-09-21
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Legal Developments: Third Quarter, 2012
AN  - 1433379898
AB  - The article lists legal developments under the Order Issued Under Bank Holding Company Act in the third quarter of 2012. These legal developments involved the Federal Reserve and the following financial institutions: 1. Old National Bancorp, Evansville, IN; 2. BB&T Corp, Winston-Salem, NC; and 3. Five Star Bank, Warsaw, NY.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1
EP  - 23
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 8
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Government agencies
KW  - Bank holding companies
KW  - Bank Holding Company Act 1956-US
KW  - United States--US
KW  - 8110:Commercial banking services
KW  - 9550:Public sector
KW  - 4320:Legislation
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Third+Quarter%2C+2012&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2012-12-01&rft.volume=98&rft.issue=8&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Federal Reserve Board; Old National Bancorp-Evansville IN; BB & T Corp; Five Star Bank-Warsaw NY
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Dec 2012
N1  - Document feature - References
N1  - Last updated - 2013-09-19
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Legal Developments: Second Quarter, 2012
AN  - 1433289998
AB  - The article lists legal developments regarding the Order Issued Under Bank Holding Company Act in the second quarter of 2012. These legal developments involved the Federal Reserve and several Chinese financial institutions, among which were the following: 1. Industrial and Commercial Bank of China Ltd, 2. China Investment Corp, 3. Central Huijin Investment Ltd, 4. Agricultural Bank of China Ltd, and 5. Bank of China Ltd.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1
EP  - 54
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 7
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Government agencies
KW  - Bank holding companies
KW  - Bank Holding Company Act 1956-US
KW  - Securities regulations
KW  - Manycompanies
KW  - United States--US
KW  - China
KW  - 8110:Commercial banking services
KW  - 9179:Asia & the Pacific
KW  - 9550:Public sector
KW  - 4320:Legislation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Dec 2012
N1  - Document feature - References
N1  - Last updated - 2013-09-20
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - China; United States--US
ER  - 



TY  - JOUR
T1  - The Mortgage Market in 2011: Highlights from the Data Reported under the Home Mortgage Disclosure Act
AN  - 1433285629
AB  - Since 1976, most mortgage lending institutions with offices in metropolitan areas have been required under the Home Mortgage Disclosure Act of 1975 (HMDA) to disclose detailed information about their home-lending activity each year. The main purpose of this article is to describe mortgage market activity in 2011 and in previous years based on the HMDA data. The analysis yields several key findings, among which are the following: 1. The number of home loans of all types reported by covered lenders declined between 2010 and 2011 from about 7.9 million loans to slightly less than 7.1 million loans. 2. The 10 most active organizations accounted for about 37% of all first-lien mortgage originations in 2011. 3. From 2010 to 2011, all income and racial or ethnic groups experienced a drop in home-purchase lending. 4. Lending activity has not yet rebounded in neighborhoods experiencing high levels of distress.
JF  - Federal Reserve Bulletin
AU  - Avery, Robert B
AU  - Bhutta, Neil
AU  - Brevoort, Kenneth P
AU  - Canner, Glenn B
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1
EP  - 46
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 6
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Federal Reserve monetary policy
KW  - Lending institutions
KW  - Home loans
KW  - Mortgage rates
KW  - Home Mortgage Disclosure Act 1990-US
KW  - United States--US
KW  - 8120:Retail banking services
KW  - 4320:Legislation
KW  - 9190:United States
KW  - 1120:Economic policy & planning
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=The+Mortgage+Market+in+2011%3A+Highlights+from+the+Data+Reported+under+the+Home+Mortgage+Disclosure+Act&rft.au=Avery%2C+Robert+B%3BBhutta%2C+Neil%3BBrevoort%2C+Kenneth+P%3BCanner%2C+Glenn+B&rft.aulast=Avery&rft.aufirst=Robert&rft.date=2012-12-01&rft.volume=98&rft.issue=6&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Federal Reserve System
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Dec 2012
N1  - Document feature - Tables; Graphs; Maps; References
N1  - Last updated - 2013-09-18
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Fiscal positions and government bond yields in OECD countries
AN  - 1272082736; 4384786
AB  - We examine the effect of fiscal positions, both the level of debt and the fiscal balance, on long-term government bond yields in the Organisation for Economic Co-operation and Development (OECD). To control for the endogenity of fiscal positions to the business cycle we utilize forward projections of fiscal positions from the OECD's Economic Outlook. In a panel regression over the period from 1988 to 2007, we find a robust and significant effect of fiscal positions on long-term bond yields. Our estimates imply that the marginal effect of the projected deterioration of fiscal positions adds about 60 basis points to U.S. bond yields by 2015, with effects on other G-7 bond yields generally being smaller. Reprinted by permission of Blackwell Publishing
JF  - Journal of money, credit and banking
AU  - Kamin, Steven B
AU  - Gruber, Joseph W
AD  - US Board of Governors of the Federal Reserve System
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1563
EP  - 1587
VL  - 44
IS  - 8
SN  - 0022-2879, 0022-2879
KW  - Economics
KW  - Government
KW  - Economic development
KW  - Regression analysis
KW  - Organization
KW  - Estimation
KW  - Marginalism
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+money%2C+credit+and+banking&rft.atitle=Fiscal+positions+and+government+bond+yields+in+OECD+countries&rft.au=Kamin%2C+Steven+B%3BGruber%2C+Joseph+W&rft.aulast=Kamin&rft.aufirst=Steven&rft.date=2012-12-01&rft.volume=44&rft.issue=8&rft.spage=1563&rft.isbn=&rft.btitle=&rft.title=Journal+of+money%2C+credit+and+banking&rft.issn=00222879&rft_id=info:doi/10.1111%2Fj.1538-4616.2012.00544.x
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 5551; 9003; 4403 7854; 3907 3483 3921; 10739 12228 10919; 7682 11835 11859 11856
DO  - http://dx.doi.org/10.1111/j.1538-4616.2012.00544.x
ER  - 



TY  - JOUR
T1  - The role of debt and equity finance over the business cycle
AN  - 1240206875; 4376908
AB  - If equity issuance is introduced into the costly state verification framework and the friction firms face in raising equity is acyclical, then the model cannot simultaneously generate procyclical equity issuance and a countercyclical default rate. This requires a countercyclical equity issuance friction. With a countercyclical friction, the model can also overturn an undesirable feature of the standard debt-only model: dampening of shocks. To quantitatively match observed patterns, the friction in the cost of raising equity has to vary a lot more over the business cycle than can be justified by estimates of cyclical changes in direct equity issuance costs. Reprinted by permission of Blackwell Publishers
JF  - Economic journal
AU  - Covas, Francisco
AU  - Den Haan, Wouter J
AD  - Board of Governors of the Federal Reserve System ; London School of Economics and Political Science
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1262
EP  - 1286
VL  - 122
IS  - 565
SN  - 0013-0133, 0013-0133
KW  - Economics
KW  - Costs
KW  - Economic shock
KW  - Economic models
KW  - Debt
KW  - Business cycles
KW  - Equity
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Economic+journal&rft.atitle=The+role+of+debt+and+equity+finance+over+the+business+cycle&rft.au=Covas%2C+Francisco%3BDen+Haan%2C+Wouter+J&rft.aulast=Covas&rft.aufirst=Francisco&rft.date=2012-12-01&rft.volume=122&rft.issue=565&rft.spage=1262&rft.isbn=&rft.btitle=&rft.title=Economic+journal&rft.issn=00130133&rft_id=info:doi/10.1111%2Fj.1468-0297.2012.02528.x
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 3969 8163; 4380; 4002 3980 9965; 2934; 1850; 3307
DO  - http://dx.doi.org/10.1111/j.1468-0297.2012.02528.x
ER  - 



TY  - JOUR
T1  - U.S. international equity investment
AN  - 1171849298; 4364574
AB  - Using a comprehensive data set of all U.S. investment in foreign equities, we find that the single most important determinant of the amount of U.S. investment a foreign firm receives is whether the firm cross-lists on a U.S. exchange. Correcting for selection biases, cross-listing leads to a doubling (or more) in U.S. investment, an impact greater than all other factors combined. Much of this increased U.S. investment is purchased in the foreign market, implying that the cross-listing effect reflects something more fundamental about a firm than easier acquisition of its securities. We also demonstrate that cross-listing is an important determinant of U.S. international investment at the country level and describe easy-to-implement methods for including a cross-listing variable as an endogenous control. Reprinted by permission of Blackwell Publishing
JF  - Journal of accounting research
AU  - Ammer, John
AU  - Holland, Sara B
AU  - Smith, David C
AU  - Warnock, Francis E
AD  - Board of Governors of the Federal Reserve System ; University of Georgia ; University of Virginia
Y1  - 2012/12//
PY  - 2012
DA  - Dec 2012
SP  - 1109
EP  - 1139
VL  - 50
IS  - 5
SN  - 0021-8456, 0021-8456
KW  - Economics
KW  - Foreign markets
KW  - Exchange
KW  - International investment
KW  - Acquisitions
KW  - Economic security
KW  - U.S.A.
KW  - Equity
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1171849298?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+accounting+research&rft.atitle=U.S.+international+equity+investment&rft.au=Ammer%2C+John%3BHolland%2C+Sara+B%3BSmith%2C+David+C%3BWarnock%2C+Francis+E&rft.aulast=Ammer&rft.aufirst=John&rft.date=2012-12-01&rft.volume=50&rft.issue=5&rft.spage=1109&rft.isbn=&rft.btitle=&rft.title=Journal+of+accounting+research&rft.issn=00218456&rft_id=info:doi/10.1111%2Fj.1475-679X.2012.00464.x
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 6738 6852; 5197 7711; 4380; 4001 8528; 547 2527 3896 3921; 4577 3872 554 971; 433 293 14
DO  - http://dx.doi.org/10.1111/j.1475-679X.2012.00464.x
ER  - 



TY  - BOOK
T1  - Bank Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation
AN  - 1738473006; 2011-517081
AB  - Tests and finds supporting evidence for the precautionary motive hypothesis of liquidity hoarding for US commercial banks during the recent financial crisis: Banks held more liquid assets in anticipation of future losses from securities write-downs. Exposure to securities losses in their investment portfolios and expected loan losses (measured by loan loss reserves) represent key measures of banks' on-balance sheet risks, in addition to off-balance sheet liquidity risk stemming from unused loan commitments. Unrealized securities losses and loan loss reserves seem to better capture the risks stemming from banks' asset management and provide supporting evidence for the precautionary nature of liquidity hoarding. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 29 2012, 41 pp.
AU  - Berrospide, Jose
Y1  - 2012/11/29/
PY  - 2012
DA  - 2012 Nov 29
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business management
KW  - Banking and public and private finance - Investments and securities
KW  - United States
KW  - Risk
KW  - Investments
KW  - Management
KW  - Finance
KW  - Assets
KW  - Loans
KW  - Economic conditions
KW  - Hoarding
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473006?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Berrospide%2C+Jose&rft.aulast=Berrospide&rft.aufirst=Jose&rft.date=2012-11-29&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Bank+Liquidity+Hoarding+and+the+Financial+Crisis%3A+An+Empirical+Evaluation&rft.title=Bank+Liquidity+Hoarding+and+the+Financial+Crisis%3A+An+Empirical+Evaluation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201303/201303pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-03
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Ins and Outs of Forecasting Unemployment: Using Labor Force Flows to Forecast the Labor Market
AN  - 1738474488; 2011-517066
AB  - This paper presents a forecasting model of unemployment based on labor force flows data that, in real time, dramatically outperforms the Survey of Professional Forecasters, historical forecasts from the Federal Reserve Board's Greenbook, and basic time-series models. The model's forecast has a root-mean-squared error about 30% below that of the next-best forecast in the near term and performs especially well surrounding large recessions and cyclical turning points. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 21 2012, 30 pp.
AU  - Barnichon, Regis
AU  - Nekarda, Christopher J
Y1  - 2012/11/21/
PY  - 2012
DA  - 2012 Nov 21
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Work and labor
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic conditions
KW  - Unemployment
KW  - Surveys
KW  - Forecasting
KW  - Errors
KW  - Economic conditions
KW  - Markets
KW  - Labor
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Barnichon%2C+Regis%3BNekarda%2C+Christopher+J&rft.aulast=Barnichon&rft.aufirst=Regis&rft.date=2012-11-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Ins+and+Outs+of+Forecasting+Unemployment%3A+Using+Labor+Force+Flows+to+Forecast+the+Labor+Market&rft.title=The+Ins+and+Outs+of+Forecasting+Unemployment%3A+Using+Labor+Force+Flows+to+Forecast+the+Labor+Market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201319/201319pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-19
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - ABS inflows to the United States and the global financial crisis
AN  - 1267028444; 4381529
AB  - Relative to the 'global savings glut' (GSG) hypothesis, we present a more complete picture of how capital flows contributed to the financial crisis, drawing attention to the sizable inflows from European investors into U.S. private-label asset-backed securities (ABS), including mortgage-backed securities and other structured investment products. The GSG hypothesis argues that the surge in capital inflows from emerging market economies to the United States led to significant declines in long-term interest rates in the United States and other industrial economies. In turn, these lower interest rates, when combined with both innovations and deficiencies of the U.S. credit market, are believed to have contributed to the U.S. housing bubble and to the buildup in financial vulnerabilities that led to the financial crisis. Because the GSG countries for the most part restricted their U.S. purchases to Treasuries and Agency debt, their provision of savings to ultimately risky subprime mortgage borrowers was necessarily indirect, pushing down yields on safe assets and increasing the appetite for alternative investments on the part of other investors. Foreign acquisitions of private-label ABS, primarily by Europeans, provided credit more directly and, by adding to domestic demand for these securities, contributed to the decline in their spreads over Treasury yields. Through a combination of empirical estimation and model simulation, we verify that both GSG inflows into Treasuries and Agencies, as well as European acquisitions of ABS, played a role in contributing to downward pressures on U.S. interest rates. All rights reserved, Elsevier
JF  - Journal of international economics
AU  - Bertaut, C
AU  - DeMarco, L P
AU  - Kamin, S
AU  - Tryon, R
AD  - US Board of Governors of the Federal Reserve System
Y1  - 2012/11//
PY  - 2012
DA  - Nov 2012
SP  - 219
EP  - 234
VL  - 88
IS  - 2
SN  - 0022-1996, 0022-1996
KW  - Economics
KW  - Financial crisis
KW  - Interest rates
KW  - Securities issues
KW  - Credit market
KW  - Market economy
KW  - Europe
KW  - U.S.A.
KW  - Mortgages
KW  - Capital flow
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+international+economics&rft.atitle=ABS+inflows+to+the+United+States+and+the+global+financial+crisis&rft.au=Bertaut%2C+C%3BDeMarco%2C+L+P%3BKamin%2C+S%3BTryon%2C+R&rft.aulast=Bertaut&rft.aufirst=C&rft.date=2012-11-01&rft.volume=88&rft.issue=2&rft.spage=219&rft.isbn=&rft.btitle=&rft.title=Journal+of+international+economics&rft.issn=00221996&rft_id=info:doi/10.1016%2Fj.jinteco.2012.04.001
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 6637 6632; 1967; 4920 3904; 11431; 8299; 7718 4018; 2998 7711; 433 293 14; 129
DO  - http://dx.doi.org/10.1016/j.jinteco.2012.04.001
ER  - 



TY  - BOOK
T1  - Optimal Capital Taxation with Idiosyncratic Investment Risk
AN  - 1738473588; 2011-383568
AB  - Examines the optimal taxation of capital in a Ramsey setting of a general-equilibrium heterogeneous-agent economy with uninsurable idiosyncratic investment or capital-income risk. The paper proves that the exante optimal tax, evaluated at steady state, maximizes human wealth, namely the present discounted value of agents' income from sources that are not subject to capital risk. Furthermore, when the amount of idiosyncratic risk in the economy is higher than a minimum lower bound, the optimal tax is positive, and it is precisely the tax that maximizes the economy-wide aggregates, such as the capital stock and output. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Oct 1 2012, 23 pp.
AU  - Panousi, Vasia
AU  - Reis, Catarina
Y1  - 2012/10/01/
PY  - 2012
DA  - 2012 Oct 01
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Business and service sector - Accounting
KW  - Taxation
KW  - Capital stock
KW  - Investments
KW  - Wealth
KW  - Capital
KW  - Federal reserve system
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473588?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2012/201270/201270pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-70
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: First Quarter, 2012
AN  - 1433380211
AB  - The article presents several legal developments under Section 3 of the Bank Holding Company Act in the First Quarter of 2012. These developments involved the Federal Reserve and the following financial institutions: 1. Adam Bank Group, Inc; 2. Capital One Financial Corp; and 3. Hana Financial Group Inc.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2012/10//
PY  - 2012
DA  - Oct 2012
SP  - 1
EP  - 32
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 5
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank Holding Company Act 1956-US
KW  - Bank holding companies
KW  - Government agencies
KW  - United States--US
KW  - South Korea
KW  - 8110:Commercial banking services
KW  - 9179:Asia & the Pacific
KW  - 9550:Public sector
KW  - 4320:Legislation
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+First+Quarter%2C+2012&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2012-10-01&rft.volume=98&rft.issue=5&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Federal Reserve Board; Capital One Financial Corp; Hana Financial Group Inc; Adam Bank Group Inc
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Oct 2012
N1  - Document feature - References
N1  - Last updated - 2013-09-21
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US; South Korea
ER  - 



TY  - JOUR
T1  - Differences across originators in CMBS loan underwriting
AN  - 1034350039; 4323884
AB  - There is considerable heterogeneity in the organizational structures of CMBS loan originators that may influence originators' underwriting incentives. We examine data on over 30,000 commercial mortgages securitized into CMBS since 1999, and find significant differences in the propensity to become delinquent depending upon whether a loan was originated by a commercial bank, investment bank, insurance company, finance company, conduit lender, or foreign-owned entity. These differences hold both before and after controlling for key loan characteristics. We then explore possible explanations for these results. Reliance on external financing during a loan's warehousing period - the period between origination and securitization - could explain the relatively poor performance of loans originated by conduit lenders. Also, despite the potential for engaging in adverse selection, balance-sheet lenders - commercial banks, insurance companies and finance companies - actually underwrote higher-quality loans. Reprinted by permission of Springer
JF  - Journal of financial services research
AU  - Black, Lamont K
AU  - Chu, Chenghuan Sean
AU  - Cohen, Andrew
AU  - Nichols, Joseph B
AD  - Board of Governors of the Federal Reserve System
Y1  - 2012/10//
PY  - 2012
DA  - Oct 2012
SP  - 115
EP  - 134
VL  - 42
IS  - 1
SN  - 0920-8550, 0920-8550
KW  - Economics
KW  - Commercial banks
KW  - Financial institutions
KW  - Financial reporting
KW  - Mortgage loans
KW  - G-20
KW  - Organizational structure
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1034350039?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+financial+services+research&rft.atitle=Differences+across+originators+in+CMBS+loan+underwriting&rft.au=Black%2C+Lamont+K%3BChu%2C+Chenghuan+Sean%3BCohen%2C+Andrew%3BNichols%2C+Joseph+B&rft.aulast=Black&rft.aufirst=Lamont&rft.date=2012-10-01&rft.volume=42&rft.issue=1&rft.spage=115&rft.isbn=&rft.btitle=&rft.title=Journal+of+financial+services+research&rft.issn=09208550&rft_id=info:doi/10.1007%2Fs10693-011-0120-0
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 9028; G-20; 2526 1477 4930 6590; 8296 7487 4577 3872 554 971; 4950; 4930 6590
DO  - http://dx.doi.org/10.1007/s10693-011-0120-0
ER  - 



TY  - BOOK
T1  - Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis
AN  - 1738473555; 2011-517065
AB  - Wage inequality has been significantly higher in the US than in continental European countries (CEU) since the 1970s. Moreover, this inequality gap has further widened during this period as the US has experienced a large increase in wage inequality, whereas the CEU has seen only modest changes. This paper studies the role of labor income tax policies for understanding these facts, focusing on male workers. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Sep 26 2012, 56 pp.
AU  - Guvenen, Fatih
AU  - Kuruscu, Burhanettin
AU  - Ozkan, Serdar
Y1  - 2012/09/26/
PY  - 2012
DA  - 2012 Sep 26
PB  - Board of Governors of the Federal Reserve System
KW  - Social conditions and policy - Social values
KW  - Labor conditions and policy - Labor conditions, wages, salaries, and benefits
KW  - Labor conditions and policy - Work and labor
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Labor conditions and policy - Employment and labor supply
KW  - Income tax
KW  - Taxation
KW  - United States
KW  - Human capital
KW  - Wage differentials
KW  - Labor
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473555?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Guvenen%2C+Fatih%3BKuruscu%2C+Burhanettin%3BOzkan%2C+Serdar&rft.aulast=Guvenen&rft.aufirst=Fatih&rft.date=2012-09-26&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Taxation+of+Human+Capital+and+Wage+Inequality%3A+A+Cross-Country+Analysis&rft.title=Taxation+of+Human+Capital+and+Wage+Inequality%3A+A+Cross-Country+Analysis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201320/201320pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-20
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Properties of Income Risk in Privately Held Businesses
AN  - 1738474586; 2011-383569
AB  - This paper represents the first attempt in the literature to estimate the properties of business income risk from privately held businesses in the US. Using a new, large, and confidential panel of US income tax returns for the period 1987-2009, it extensively documents the empirical stylized facts about the evolution of various business income risk measures over time and finds that business income is much riskier than labor income, not only because of the probability of business exit, but also because of higher income fluctuations, conditional on no exit. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 17 2012, 49 pp.
AU  - DeBacker, Jason
AU  - Heim, Bradley
AU  - Panousi, Vasia
AU  - Ramnath, Shanthi
AU  - Vidangos, Ivan
Y1  - 2012/09/17/
PY  - 2012
DA  - 2012 Sep 17
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business and business enterprises
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Labor conditions and policy - Work and labor
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Income tax
KW  - United States
KW  - Business
KW  - Property
KW  - Labor
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474586?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=DeBacker%2C+Jason%3BHeim%2C+Bradley%3BPanousi%2C+Vasia%3BRamnath%2C+Shanthi%3BVidangos%2C+Ivan&rft.aulast=DeBacker&rft.aufirst=Jason&rft.date=2012-09-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Properties+of+Income+Risk+in+Privately+Held+Businesses&rft.title=The+Properties+of+Income+Risk+in+Privately+Held+Businesses&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201269/201269pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-69
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Job-to-Job Flows and the Consequences of Job Separations
AN  - 1738473565; 2011-383565
AB  - Provides a more comprehensive picture of the earnings and employment outcomes for workers who separate. It compares workers who separate from distressed employers (presumably displaced workers) and those who separate from stable or growing employers; distinguishes between workers who do and do not experience a spell of joblessness; and examines the full distribution of earnings outcomes from separations. Earnings outcomes depend much less on whether a job separation is associated with a distressed employer than on whether the separator experienced a jobless spell afterwards, and workers separating from distressed firms are faster to find jobs than are other separators. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 13 2012, 43 pp.
AU  - Fallick, Bruce
AU  - Haltiwanger, John
AU  - McEntarfer, Erika
Y1  - 2012/09/13/
PY  - 2012
DA  - 2012 Sep 13
PB  - Board of Governors of the Federal Reserve System
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Population groups, population policy, and demographics - Migrants and migration
KW  - Labor conditions and policy - Work and labor
KW  - Internally displaced persons
KW  - Federal reserve system
KW  - Employment
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473565?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Fallick%2C+Bruce%3BHaltiwanger%2C+John%3BMcEntarfer%2C+Erika&rft.aulast=Fallick&rft.aufirst=Bruce&rft.date=2012-09-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Job-to-Job+Flows+and+the+Consequences+of+Job+Separations&rft.title=Job-to-Job+Flows+and+the+Consequences+of+Job+Separations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201273/201273pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-73
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Practical Tools for Policy Analysis in DSGE Models with Missing Channels
AN  - 1738473487; 2011-383566
AB  - This paper analyzes the propagation of shocks originating in sectors that are not present in a baseline dynamic stochastic general equilibrium (DSGE) model. Specifically, it proxies the missing sector through a small set of factors, that feed into the structural shocks of the DSGE model to create correlated disturbances. This methodology is used to track the effects of oil shocks and housing demand shocks in models without energy and housing sectors. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 13 2012, 18 pp.
AU  - Caldara, Dario
AU  - Harrison, Richard
AU  - Lipinska, Anna
Y1  - 2012/09/13/
PY  - 2012
DA  - 2012 Sep 13
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Social conditions and policy - Housing
KW  - Energy resources and policy - Petroleum and natural gas industries and products
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Politics - Politics and policy-making
KW  - Petroleum industry
KW  - Political science
KW  - Housing
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473487?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Caldara%2C+Dario%3BHarrison%2C+Richard%3BLipinska%2C+Anna&rft.aulast=Caldara&rft.aufirst=Dario&rft.date=2012-09-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Practical+Tools+for+Policy+Analysis+in+DSGE+Models+with+Missing+Channels&rft.title=Practical+Tools+for+Policy+Analysis+in+DSGE+Models+with+Missing+Channels&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201272/201272pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-72
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Profitability and the Lifecycle of Firms
AN  - 1738473476; 2011-383575
AB  - Using data on listed and unlisted firms in the UK, this study documents that average profitability changes systematically with age. In their early years, firms realize substantial profitability increases, while mature firms face slow declines in profitability. A model of endogenous profitability changes arising from product development captures this pattern. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 10 2012, 45 pp.
AU  - Warusawitharana, Missaka
Y1  - 2012/09/10/
PY  - 2012
DA  - 2012 Sep 10
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Profits
KW  - Federal reserve system
KW  - United Kingdom
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473476?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Warusawitharana%2C+Missaka&rft.aulast=Warusawitharana&rft.aufirst=Missaka&rft.date=2012-09-10&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Profitability+and+the+Lifecycle+of+Firms&rft.title=Profitability+and+the+Lifecycle+of+Firms&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201263/201263pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-63
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Federal Reserve's Balance Sheet and Overnight Interest Rates
AN  - 1315875470; 2011-383572
AB  - This paper provides a comprehensive study of the interplay between the Federal Reserve's balance sheet and overnight interest rates. It models both the supply of and the demand for excess reserves, treating assets of the Federal Reserve as policy tools, and estimates the effects of conventional and unconventional monetary policy on overnight funding rates. In the current environment with quite elevated levels of reserves, the effect of further monetary policy accommodation on overnight interest rates is limited. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Sep 10 2012, 41 pp.
AU  - Marquez, Jaime
AU  - Morse, Ari
AU  - Schlusche, Bernd
Y1  - 2012/09/10/
PY  - 2012
DA  - 2012 Sep 10
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Interest rates
KW  - Assets
KW  - Balance sheets
KW  - Federal reserve system
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875470?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Marquez%2C+Jaime%3BMorse%2C+Ari%3BSchlusche%2C+Bernd&rft.aulast=Marquez&rft.aufirst=Jaime&rft.date=2012-09-10&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Federal+Reserve%27s+Balance+Sheet+and+Overnight+Interest+Rates&rft.title=The+Federal+Reserve%27s+Balance+Sheet+and+Overnight+Interest+Rates&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201266/201266pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-66
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Informational Content of the Embedded Deflation Option in TIPS
AN  - 1448769891; 2011-517061
AB  - This research estimates the value of the embedded option in US Treasury Inflation Protected Securities (TIPS). The option value exhibits significant time variation that is correlated with periods of deflationary expectations. The study uses estimated option values to construct an embedded option price index and an embedded option return index. It then uses the embedded option indices as independent variables and examines their statistical and economic significance for explaining the future inflation rate. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Sep 5 2012, 63 pp.
AU  - Grishchenko, Olesya V
AU  - Vanden, Joel M
AU  - Zhang, Jianing
Y1  - 2012/09/05/
PY  - 2012
DA  - 2012 Sep 05
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Economic conditions
KW  - Education and education policy - Information services and sources
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Banking and public and private finance - Investments and securities
KW  - Securities
KW  - United States
KW  - Indexes
KW  - Deflation
KW  - Treasury
KW  - Price indexes
KW  - Inflation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1448769891?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Grishchenko%2C+Olesya+V%3BVanden%2C+Joel+M%3BZhang%2C+Jianing&rft.aulast=Grishchenko&rft.aufirst=Olesya&rft.date=2012-09-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Informational+Content+of+the+Embedded+Deflation+Option+in+TIPS&rft.title=The+Informational+Content+of+the+Embedded+Deflation+Option+in+TIPS&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2013/201324/201324pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-11-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2013-24
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Effective Tax Rates and Measures of Business Size
AN  - 1738473537; 2011-383579
AB  - This paper uses data from the Survey of Consumer Finances (SCF) and the NBER TAXSIM model to estimate marginal and average tax rates for households that own businesses that are pass-thru entities. It examines how marginal and average tax rates vary by the size of business using four different measures of the size: net income, gross receipts, business value, and number of employees. The analysis also uses the long-time series of SCF cross-sections to examine how tax rates for business owners have evolved over the various changes in tax policy of the last two decades. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Sep 3 2012, 27 pp.
AU  - Moore, Kevin B
Y1  - 2012/09/03/
PY  - 2012
DA  - 2012 Sep 03
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business and business enterprises
KW  - Economic conditions and policy - Consumers and consumption
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Business and service sector - Accounting
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Labor conditions and policy - Work and labor
KW  - Business
KW  - Households
KW  - Employees
KW  - Surveys
KW  - Consumers
KW  - Tax policy
KW  - Federal reserve system
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473537?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Moore%2C+Kevin+B&rft.aulast=Moore&rft.aufirst=Kevin&rft.date=2012-09-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Effective+Tax+Rates+and+Measures+of+Business+Size&rft.title=Effective+Tax+Rates+and+Measures+of+Business+Size&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201258/201258pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-58
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Use of Financial Services by the Unbanked and Underbanked and the Potential for Mobile Financial Services Adoption
AN  - 1413404948
AB  - In late December 2011 and early January 2012, the Federal Reserve Board's Division of Consumer and Community Affairs conducted a survey in order to better understand consumers' use of and opinions about mobile financial services. Using data from the Board's Survey of Consumers and Mobile Financial Services, this article provides a description of unbanked and underbanked consumers, and examines their use of financial products and services. The article further explores how unbanked and underbanked consumers are making use of emerging mobile financial services technologies. The potential for mobile banking and mobile payments to expand access and inclusion to the mainstream financial system is also examined. Several key findings from the survey stand out: 1. Approximately 11% of US consumers are unbanked, and another 11% are underbanked. 2. Unbanked and underbanked consumers are also more likely to use alternative financial service providers, such as check cashers; payday, title, and pawn lenders; or rent-to-own services. 3. Sixty-three percent of unbanked consumers have a mobile phone, and 91% of underbanked consumers have a mobile phone.
JF  - Federal Reserve Bulletin
AU  - Gross, Matthew B
AU  - Hogarth, Jeanne M
AU  - Schmeiser, Maximilian D
Y1  - 2012/09//
PY  - 2012
DA  - Sep 2012
SP  - 1
EP  - 20
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 4
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Market surveys
KW  - Mobile commerce
KW  - Electronic banking
KW  - Consumer behavior
KW  - Studies
KW  - United States--US
KW  - 9130:Experiment/theoretical treatment
KW  - 8120:Retail banking services
KW  - 7100:Market research
KW  - 5250:Telecommunications systems & Internet communications
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Sep 2012
N1  - Document feature - Tables; References
N1  - Last updated - 2013-08-02
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Border prices and retail prices
AN  - 1095630303; 4348073
AB  - We analyze retail prices and at-the-dock (import) prices of specific items in the Bureau of Labor Statistics' (BLS) CPI and IPP databases, using both databases simultaneously to identify items that are identical in description at the dock and when sold at retail. This identification allows us to measure the distribution wedge associated with bringing traded goods from the point of entry into the United States to their retail outlet. We find that overall U.S. distribution wedges are 50-70%, around 10 to 20 percentage points higher than that reported in the literature. We discuss the implications of this for measuring the size of the ''pure'' tradeables sector, exchange rate pass-through, and real exchange rate determination. We find that distribution wedges are very stable over time but there is considerable variation across items. There is some variation across the country of origin for the imported item, for our major trading partners, but not as much as the cross-item variation. We also investigate the determinants of distribution wedges, finding that wedges do not vary systematically with exchange rates, but are related to other features of the micro data. All rights reserved, Elsevier
JF  - Journal of international economics
AU  - Berger, D
AU  - Faust, J
AU  - Rogers, J H
AU  - Steverson, K
AD  - Board of Governors of the Federal Reserve System
Y1  - 2012/09//
PY  - 2012
DA  - Sep 2012
SP  - 62
EP  - 73
VL  - 88
IS  - 1
SN  - 0022-1996, 0022-1996
KW  - Economics
KW  - Retail trade
KW  - Pricing
KW  - Consumer Price Index
KW  - Prices
KW  - Distribution
KW  - U.S.A.
KW  - Retail prices
KW  - Exchange rates
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1095630303?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+international+economics&rft.atitle=Border+prices+and+retail+prices&rft.au=Berger%2C+D%3BFaust%2C+J%3BRogers%2C+J+H%3BSteverson%2C+K&rft.aulast=Berger&rft.aufirst=D&rft.date=2012-09-01&rft.volume=88&rft.issue=1&rft.spage=62&rft.isbn=&rft.btitle=&rft.title=Journal+of+international+economics&rft.issn=00221996&rft_id=info:doi/10.1016%2Fj.jinteco.2012.02.011
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 10107; 3641 12233; 4587; 10979 10107; 10980 12812; 2775 10086; 10119; 433 293 14
DO  - http://dx.doi.org/10.1016/j.jinteco.2012.02.011
ER  - 



TY  - BOOK
T1  - On the (In)effectiveness of Fiscal Devaluations in a Monetary Union
AN  - 1315875436; 2011-383567
AB  - Explores the fiscal devaluation hypothesis in a model of a monetary union characterized by national fiscal policies and supranational monetary policy. A unilateral tax shift towards indirect taxes in one of the countries produces small but non-negligible long-run effects on output and consumption within and between the two countries only when international financial markets are perfectly integrated. Short-run effects are not always amplified by nominal wage rigidities, and short-run effects of the tax shift depend on the choice of the inflation index stabilized by the central bank and on whether the tax shift is anticipated. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 31 2012, 46 pp.
AU  - Lipinska, Anna
AU  - von Thadden, Leopold
Y1  - 2012/08/31/
PY  - 2012
DA  - 2012 Aug 31
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - International relations - Regional organizations
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Education and education policy - Information services and sources
KW  - Economic conditions and policy - Consumers and consumption
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Central banks
KW  - Indexes
KW  - Monetary unions
KW  - International finance
KW  - Consumption
KW  - Inflation
KW  - Federal reserve system
KW  - Markets
KW  - Monetary policy
KW  - Fiscal policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875436?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lipinska%2C+Anna%3Bvon+Thadden%2C+Leopold&rft.aulast=Lipinska&rft.aufirst=Anna&rft.date=2012-08-31&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=On+the+%28In%29effectiveness+of+Fiscal+Devaluations+in+a+Monetary+Union&rft.title=On+the+%28In%29effectiveness+of+Fiscal+Devaluations+in+a+Monetary+Union&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201271/201271pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-71
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Estimating Changes in Supervisory Standards and Their Economic Effects
AN  - 1315874708; 2011-383582
AB  - The disappointingly slow recovery in the US from the recent recession and financial crisis has once again focused attention on the relationship between financial frictions and economic growth. With bank loans having only recently started growing and still sluggish, some bankers and borrowers have suggested that unnecessarily tight supervisory policies have been a constraint on new lending that is hindering recovery. This paper explores one specific aspect of supervisory policy: whether the standards used to assign commercial bank CAMELS ratings have changed materially over time (1991-2011). Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 24 2012, 50 pp.
AU  - Bassett, William F
AU  - Lee, Seung Jung
AU  - Spiller, Thomas W
Y1  - 2012/08/24/
PY  - 2012
DA  - 2012 Aug 24
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Business finance
KW  - United States
KW  - Bank loans
KW  - Finance
KW  - Economic development
KW  - Standards
KW  - Federal reserve system
KW  - Banking
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315874708?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bassett%2C+William+F%3BLee%2C+Seung+Jung%3BSpiller%2C+Thomas+W&rft.aulast=Bassett&rft.aufirst=William&rft.date=2012-08-24&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Estimating+Changes+in+Supervisory+Standards+and+Their+Economic+Effects&rft.title=Estimating+Changes+in+Supervisory+Standards+and+Their+Economic+Effects&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201255/201255pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-55
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Supervisor Ratings and the Contraction of Bank Lending to Small Businesses
AN  - 1738473547; 2011-383578
AB  - Bank lending to small firms in the US fell substantially during the recent financial crisis and the ensuing recession. Because small firms account for a disproportionate share of new job creation, lending to these firms could have important implications for the pace of economic recovery. A number of factors may have contributed to the decline in small business lending over this period; and this paper examines the extent to which changes in banks' supervisory ratings are associated with changes in the rate of growth of their lending to small businesses. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 23 2012, 21 pp.
AU  - Kiser, Elizabeth K
AU  - Prager, Robin A
AU  - Scott, Jason R
Y1  - 2012/08/23/
PY  - 2012
DA  - 2012 Aug 23
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business and business enterprises
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Business and service sector - Business finance
KW  - United States
KW  - Labor policy
KW  - Finance
KW  - Small business
KW  - Federal reserve system
KW  - Economic stabilization
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473547?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiser%2C+Elizabeth+K%3BPrager%2C+Robin+A%3BScott%2C+Jason+R&rft.aulast=Kiser&rft.aufirst=Elizabeth&rft.date=2012-08-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Supervisor+Ratings+and+the+Contraction+of+Bank+Lending+to+Small+Businesses&rft.title=Supervisor+Ratings+and+the+Contraction+of+Bank+Lending+to+Small+Businesses&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201259/201259pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-59
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Bank Capital Ratios and the Structure of Nonfinancial Industries
AN  - 1738473482; 2011-383584
AB  - Exploits variation in commercial bank capital ratios across states to identify the impact of commercial bank balance sheet pressures manifested through changes in capital ratios on employment in the manufacturing sector. For industries dependent on external finance, it finds that an increase in the capital ratio has no statistically significant effect on net firm creation, but has an economically significant impact on average firm size, as measured in the number of employees. The findings indicate a lack of substitutes for bank funding both in the short and long run. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 14 2012, 49 pp.
AU  - Lee, Seung Jung
AU  - Stebunovs, Viktors
Y1  - 2012/08/14/
PY  - 2012
DA  - 2012 Aug 14
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Property and wealth
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Labor conditions and policy - Employment and labor supply
KW  - Business and service sector - Accounting
KW  - Labor conditions and policy - Work and labor
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - Business and service sector - Business finance
KW  - Finance
KW  - Employees
KW  - Manufacturing
KW  - Balance sheets
KW  - Capital
KW  - Employment
KW  - Federal reserve system
KW  - Banking
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473482?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lee%2C+Seung+Jung%3BStebunovs%2C+Viktors&rft.aulast=Lee&rft.aufirst=Seung&rft.date=2012-08-14&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Bank+Capital+Ratios+and+the+Structure+of+Nonfinancial+Industries&rft.title=Bank+Capital+Ratios+and+the+Structure+of+Nonfinancial+Industries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201253/201253pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-53
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Heterogeneous Workers, Optimal Job Seeking, and Aggregate Labor Market Dynamics
AN  - 1315875236; 2011-383633
AB  - In the US, the aggregate vacancy-unemployment (V/U) ratio is strongly procyclical, and a large fraction of its adjustment associated with changes in productivity is sluggish. The latter is entirely unexplained by the benchmark homogeneous-agent model of equilibrium unemployment theory. This study shows that endogenous search and worker-side horizontal heterogeneity in production capacity can be important in accounting for this propagation puzzle. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 12 2012, 40 pp.
AU  - Epstein, Brendan
Y1  - 2012/08/12/
PY  - 2012
DA  - 2012 Aug 12
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Labor conditions and policy - Work and labor
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Labor conditions and policy - Employment and labor supply
KW  - United States
KW  - Unemployment
KW  - Production
KW  - Federal reserve system
KW  - Markets
KW  - Productivity
KW  - Accounting
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875236?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Epstein%2C+Brendan&rft.aulast=Epstein&rft.aufirst=Brendan&rft.date=2012-08-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Heterogeneous+Workers%2C+Optimal+Job+Seeking%2C+and+Aggregate+Labor+Market+Dynamics&rft.title=Heterogeneous+Workers%2C+Optimal+Job+Seeking%2C+and+Aggregate+Labor+Market+Dynamics&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1053/ifdp1053.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1053
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Consolidation and Merger Activity in the United States Banking Industry from 2000 through 2010
AN  - 1738474485; 2011-383586
AB  - This study investigates trends in consolidation and merger activity in the US banking industry from 2000 through 2010. Over this period, the US banking industry has consistently experienced over 150 mergers annually, with the largest banking organizations holding an increasing share of banking assets, raising concerns about competition, output, efficiency, and financial stability. While the industry has undergone considerable consolidation at the national level, local banking markets have not experienced significant increases in concentration. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 8 2012, 33 pp.
AU  - Adams, Robert M
Y1  - 2012/08/08/
PY  - 2012
DA  - 2012 Aug 08
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - United States
KW  - Assets
KW  - Federal reserve system
KW  - Markets
KW  - Banking
KW  - Competition
KW  - Industry
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474485?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Adams%2C+Robert+M&rft.aulast=Adams&rft.aufirst=Robert&rft.date=2012-08-08&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Consolidation+and+Merger+Activity+in+the+United+States+Banking+Industry+from+2000+through+2010&rft.title=Consolidation+and+Merger+Activity+in+the+United+States+Banking+Industry+from+2000+through+2010&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201251/201251pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-51
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effect of Self-Reported Transitory Income Shocks on Household Spending
AN  - 1738474598; 2011-383574
AB  - Uses repeated cross-sections of the Survey of Consumer Finances (SCF) to study the effect of self-reported transitory income shocks on household food spending. The self-reported shocks in the SCF are derived from survey questions about the gap between actual and "normal" income, rather that from the residuals of estimated earnings or income equations. Engel Curve analysis shows a significant relationship between self-reported income shocks and household food spending, though the estimated spending responses are only a small part of the substantial slowdown in the growth rate of food consumption observed during the recent economic downturn. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2012, 34 pp.
AU  - Sabelhaus, John
AU  - Ackerman, Samuel
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Health conditions and policy - Food and nutrition
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Consumers and consumption
KW  - Food consumption
KW  - Food
KW  - Households
KW  - Surveys
KW  - Consumers
KW  - Federal reserve system
KW  - Economic conditions
KW  - Economic stabilization
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474598?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sabelhaus%2C+John%3BAckerman%2C+Samuel&rft.aulast=Sabelhaus&rft.aufirst=John&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effect+of+Self-Reported+Transitory+Income+Shocks+on+Household+Spending&rft.title=The+Effect+of+Self-Reported+Transitory+Income+Shocks+on+Household+Spending&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201264/201264pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-64
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Aggregate Demand Effects of Short- and Long-Term Interest Rates
AN  - 1738474404; 2011-383583
AB  - Develops empirical models of the US economy that distinguish between the aggregate demand effects of short- and long-term interest rates-one with clear "microfoundations" and one more loosely motivated. These models are estimated using government and private long-term bond yields. Estimation results suggest short- and long-term interest rates both influence aggregate spending: The results indicate that the short-term interest rate has a larger influence on economic activity, through its impact on the entire term structure, than term and risk premiums (for equal-sized movements in long-term interest rates). Tables, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2012, 29 pp.
AU  - Kiley, Michael T
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - United States
KW  - Interest rates
KW  - Bonds
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474404?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kiley%2C+Michael+T&rft.aulast=Kiley&rft.aufirst=Michael&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Aggregate+Demand+Effects+of+Short-+and+Long-Term+Interest+Rates&rft.title=The+Aggregate+Demand+Effects+of+Short-+and+Long-Term+Interest+Rates&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201254/201254pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-54
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Federal Reserve's Balance Sheet: A Primer and Projections
AN  - 1738474374; 2011-383581
AB  - Over the past few years, the Federal Reserve's use of unconventional monetary policy tools has led it to hold a large portfolio of securities. The securities holdings in excess of historical norms have been shown to be putting downward pressure on longer-term interest rates. One question asked is how long this unusual amount of monetary policy accommodation will be in place. This paper provides projections of the evolution of the Federal Reserve's balance sheet that are consistent with public economic forecasts and announced Federal Open Market Committee policy principles to help answer this question. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 2012, 33 pp.
AU  - Carpenter, Seth B
AU  - Ihrig, Jane E
AU  - Klee, Elizabeth C
AU  - Boote, Alexander H
AU  - Quinn, Daniel W
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - Balance sheets
KW  - Federal reserve system
KW  - Markets
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474374?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carpenter%2C+Seth+B%3BIhrig%2C+Jane+E%3BKlee%2C+Elizabeth+C%3BBoote%2C+Alexander+H%3BQuinn%2C+Daniel+W&rft.aulast=Carpenter&rft.aufirst=Seth&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Federal+Reserve%27s+Balance+Sheet%3A+A+Primer+and+Projections&rft.title=The+Federal+Reserve%27s+Balance+Sheet%3A+A+Primer+and+Projections&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201256/201256pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-56
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - U.S. Real Interest Rates and Default Risk in Emerging Economies
AN  - 1738473484; 2011-383634
AB  - This paper empirically investigates the impact of changes in US real interest rates on sovereign default risk in emerging economies using the method of identification through heteroskedasticity. Policy-induced increases in US interest rates starkly raise default risk in emerging market economies; however, the overall correlation between US real interest rates and the risk of default is negative, demonstrating that the effects of other variables dominate the anterior relationship. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System, Aug 2012, 22 pp.
AU  - Foley-Fisher, Nathan
AU  - Guimaraes, Bernardo
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - United States
KW  - Interest rates
KW  - Risk
KW  - Federal reserve system
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473484?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Foley-Fisher%2C+Nathan%3BGuimaraes%2C+Bernardo&rft.aulast=Foley-Fisher&rft.aufirst=Nathan&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=U.S.+Real+Interest+Rates+and+Default+Risk+in+Emerging+Economies&rft.title=U.S.+Real+Interest+Rates+and+Default+Risk+in+Emerging+Economies&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1051/ifdp1051.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1051
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Banking Panics and Deflation in Dynamic General Equilibrium
AN  - 1735644983; 2011-901962
AB  - This paper develops a framework to study the interaction between banking, price dynamics, and monetary policy. Deposit contracts are written in nominal terms: if prices unexpectedly fall, the real value of banks' existing obligations increases. Banks default, panics precipitate, economic activity declines. If banks default, aggregate demand for cash increases because financial intermediation provided by banks disappears. When money supply is unchanged, the price level drops, thereby providing incentives for banks to default. Active monetary policy prevents banks from failing and output from falling. Deposit insurance can achieve the same goal but amplifies business cycle fluctuations by inducing moral hazard. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 2012, 41 pp.
AU  - Carapella, Francesca
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Panics
KW  - Contracts
KW  - Deflation
KW  - Prices
KW  - Money supply
KW  - Business cycles
KW  - Banking
KW  - Insurance
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1735644983?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carapella%2C+Francesca&rft.aulast=Carapella&rft.aufirst=Francesca&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Banking+Panics+and+Deflation+in+Dynamic+General+Equilibrium&rft.title=Banking+Panics+and+Deflation+in+Dynamic+General+Equilibrium&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/econresdata/feds/2015/files/2015018pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2016-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion Ser. 2015-018
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations
AN  - 1315875465; 2011-383571
AB  - Uses micro data to quantify key features of US firm financing. This paper establishes that a substantial 35% of firms' investment is funded using financial markets and then constructs a dynamic equilibrium model that matches these features and fits the model to business cycle data using Bayesian methods. In the model, stylized banks enable trades of financial assets, directing funds towards investment opportunities and charging an intermediation spread to cover their costs. According to the model estimation, exogenous shocks to the intermediation spread explain 35% of GDP and 60% of investment volatility. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 2012, 55 pp.
AU  - Ajello, Andrea
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - United States
KW  - Investments
KW  - Assets
KW  - Federal reserve system
KW  - Banking
KW  - Markets
KW  - Business cycles
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875465?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ajello%2C+Andrea&rft.aulast=Ajello&rft.aufirst=Andrea&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financial+Intermediation%2C+Investment+Dynamics+and+Business+Cycle+Fluctuations&rft.title=Financial+Intermediation%2C+Investment+Dynamics+and+Business+Cycle+Fluctuations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201267/201267pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-67
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Impact of Tax Exclusive and Inclusive Prices on Demand
AN  - 1315875331; 2011-383587
AB  - Tests the equivalence of tax-inclusive and tax-exclusive prices through a series of experiments that differ only in their handling of the tax. Subjects receive a cash budget and decide how much to keep and how much to spend on various attractively priced goods. Subjects spend significantly more when faced with tax-exclusive prices; and this treatment effect is robust to different price levels, to initial shopping-cart purchases, and persists throughout most of the ten rounds. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 2012, 43 pp.
AU  - Feldman, Naomi E
AU  - Ruffle, Bradley J
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Banking and public and private finance - Money, currency, and financial instruments
KW  - Economic conditions and policy - Property and wealth
KW  - Taxation
KW  - Money
KW  - Prices
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875331?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Feldman%2C+Naomi+E%3BRuffle%2C+Bradley+J&rft.aulast=Feldman&rft.aufirst=Naomi&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Impact+of+Tax+Exclusive+and+Inclusive+Prices+on+Demand&rft.title=The+Impact+of+Tax+Exclusive+and+Inclusive+Prices+on+Demand&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201250/201250pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-50
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - International Relative Price Levels: A Look under the Hood
AN  - 1315875231; 2011-383632
AB  - This paper examines the structure of international relative price levels using purchasing power parities (PPP) at the product-level from the 2005 World Bank's International Comparison Program (ICP). The examination is motivated by questions arising from two applications using economy-wide PPPs: the measurement of real effective exchange rates (REERs) and the correlation between prices and development; specifically, it explores how the view on competitiveness would be affected if one were to use PPP measures that exclude non-tradable categories. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 2012, 23 pp.
AU  - Marquez, Jaime
AU  - Thomas, Charles
AU  - Land, Corinne
Y1  - 2012/08//
PY  - 2012
DA  - August 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Science and technology policy - Mathematics
KW  - Measurement
KW  - Foreign exchange rates
KW  - Purchasing power
KW  - Prices
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875231?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Marquez%2C+Jaime%3BThomas%2C+Charles%3BLand%2C+Corinne&rft.aulast=Marquez&rft.aufirst=Jaime&rft.date=2012-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=International+Relative+Price+Levels%3A+A+Look+under+the+Hood&rft.title=International+Relative+Price+Levels%3A+A+Look+under+the+Hood&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1055/ifdp1055.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1055
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Equity Trading and the Allocation of Market Data Revenue
AN  - 1738474399; 2011-383573
AB  - Revenues generated from the sales of consolidated data represent a substantial source of income for US stock exchanges. Until 2007, consolidated data revenue was allocated in proportion to the number of reported trades. This allocation rule encouraged market participants to break up large trades and execute them in multiple pieces. This paper provides evidence that data revenue allocation influenced the trading process, by examining trading activity surrounding various events that changed the marginal data revenue per trade. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jul 23 2012, 38 pp.
AU  - Caglio, Cecilia
AU  - Mayhew, Stewart
Y1  - 2012/07/23/
PY  - 2012
DA  - 2012 Jul 23
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Social conditions and policy - Social values
KW  - Banking and public and private finance - Stock and commodity exchanges
KW  - Business and service sector - Accounting
KW  - United States
KW  - Sales
KW  - Stock exchanges
KW  - Revenue
KW  - Federal reserve system
KW  - Markets
KW  - Income
KW  - Equality
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Caglio%2C+Cecilia%3BMayhew%2C+Stewart&rft.aulast=Caglio&rft.aufirst=Cecilia&rft.date=2012-07-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Equity+Trading+and+the+Allocation+of+Market+Data+Revenue&rft.title=Equity+Trading+and+the+Allocation+of+Market+Data+Revenue&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201265/201265pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-65
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Can Macro Variables Used in Stress Testing Forecast the Performance of Banks?
AN  - 1315875337; 2011-383588
AB  - When stress tests for the banking sector use a macroeconomic scenario, an unstated premise is that macro variables should be useful factors in forecasting the performance of banks. This study assesses whether variables such as the ones included in stress tests for US bank holding companies help improve out-of-sample forecasts of chargeoffs on loans, revenues, and capital measures, relative to forecasting models that exclude a role for macro factors. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Jul 23 2012, 29 pp.
AU  - Guerrieri, Luca
AU  - Welch, Michelle
Y1  - 2012/07/23/
PY  - 2012
DA  - 2012 Jul 23
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business and business enterprises
KW  - Economic conditions and policy - Economic theory
KW  - United States
KW  - Loans
KW  - Holding companies
KW  - Macroeconomics
KW  - Capital
KW  - Forecasting
KW  - Federal reserve system
KW  - Banking
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Guerrieri%2C+Luca%3BWelch%2C+Michelle&rft.aulast=Guerrieri&rft.aufirst=Luca&rft.date=2012-07-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Can+Macro+Variables+Used+in+Stress+Testing+Forecast+the+Performance+of+Banks%3F&rft.title=Can+Macro+Variables+Used+in+Stress+Testing+Forecast+the+Performance+of+Banks%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201249/201249pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-49
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Information Frictions and Housing Market Dynamics
AN  - 1738474364; 2011-383589
AB  - This paper examines the effects of seller uncertainty over their home value on the housing market. Using evidence from a new dataset on home listings and transactions, it first shows that sellers do not have full information about current period demand conditions for their homes. This type of uncertainty is incorporated into a dynamic search model of the home selling problem with Bayesian learning. Simulations of the estimated model show that information frictions help explain short-run persistence in price appreciation rates and a positive (negative) correlation between price changes and sales volume (time on market). Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jul 18 2012, 40 pp.
AU  - Anenberg, Elliot
Y1  - 2012/07/18/
PY  - 2012
DA  - 2012 Jul 18
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Housing
KW  - Sales
KW  - Housing
KW  - Prices
KW  - Federal reserve system
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474364?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Anenberg%2C+Elliot&rft.aulast=Anenberg&rft.aufirst=Elliot&rft.date=2012-07-18&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Information+Frictions+and+Housing+Market+Dynamics&rft.title=Information+Frictions+and+Housing+Market+Dynamics&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201248/201248pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-48
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds
AN  - 1315875354; 2011-383590
AB  - This paper introduces a proposal for money market fund (MMF) reform that could mitigate systemic risks arising from these funds by protecting shareholders, such as retail investors, who do not redeem quickly from distressed funds. The proposal would require that a small fraction of each MMF investor's recent balances, called the "minimum balance at risk" (MBR), be demarcated to absorb losses if the fund is liquidated. A key feature of the proposal is that large redemptions would subordinate a portion of an investor's MBR, creating a disincentive to redeem if the fund is likely to have losses. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Jul 7 2012, 77 pp.
AU  - McCabe, Patrick E
AU  - Cipriani, Marco
AU  - Holscher, Michael
AU  - Martin, Antoine
Y1  - 2012/07/07/
PY  - 2012
DA  - 2012 Jul 07
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Risk
KW  - Investors
KW  - Federal reserve system
KW  - Money market
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875354?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=McCabe%2C+Patrick+E%3BCipriani%2C+Marco%3BHolscher%2C+Michael%3BMartin%2C+Antoine&rft.aulast=McCabe&rft.aufirst=Patrick&rft.date=2012-07-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Minimum+Balance+at+Risk%3A+A+Proposal+to+Mitigate+the+Systemic+Risks+Posed+by+Money+Market+Funds&rft.title=The+Minimum+Balance+at+Risk%3A+A+Proposal+to+Mitigate+the+Systemic+Risks+Posed+by+Money+Market+Funds&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201247/201247pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-47
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates
AN  - 1315876208; 2011-383580
AB  - This paper provides a systematic assessment of the effect of the Federal Reserve's asset purchase programs on Treasury yields, with particular emphasis on the role of market expectations about the evolution of the Federal Reserve's balance sheet and of interest rates on the impact of the programs. It constructs measures of such market expectations based on Blue Chip survey forecasts, Congressional Budget Office projections, and information from formal Federal Open Market Committee (FOMC) communications. Tables, Figures, Appendixes.
JF  - Board of Governors of the Federal Reserve System System, Jul 5 2012, 39 pp.
AU  - Ihrig, Jane
AU  - Klee, Elizabeth
AU  - Li, Canlin
AU  - Schulte, Brett
AU  - Wei, Min
Y1  - 2012/07/05/
PY  - 2012
DA  - 2012 Jul 05
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Social conditions and policy - Communication
KW  - Interest rates
KW  - Assets
KW  - Treasury
KW  - Communication
KW  - Surveys
KW  - Balance sheets
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315876208?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ihrig%2C+Jane%3BKlee%2C+Elizabeth%3BLi%2C+Canlin%3BSchulte%2C+Brett%3BWei%2C+Min&rft.aulast=Ihrig&rft.aufirst=Jane&rft.date=2012-07-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Expectations+about+the+Federal+Reserve%27s+Balance+Sheet+and+the+Term+Structure+of+Interest+Rates&rft.title=Expectations+about+the+Federal+Reserve%27s+Balance+Sheet+and+the+Term+Structure+of+Interest+Rates&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201257/201257pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-57
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Monetary Policy and Long-Term Real Rates
AN  - 1738474368; 2011-383591
AB  - Changes in monetary policy have surprisingly strong effects on forward real rates in the distant future. A 100 basis-point increase in the 2-year nominal yield on an Federal Open Markets Committee (FOMC) announcement day is associated with a 42 basis-point increase in the 10-year forward real rate. This finding is at odds with standard macro models based on sticky nominal prices, which imply that monetary policy cannot move real rates over a horizon longer than that over which all prices in the economy can readjust -- Rather, the responsiveness of long-term real rates to monetary shocks appears to reflect changes in term premia. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2012, 43 pp.
AU  - Hanson, Samuel G
AU  - Stein, Jeremy C
Y1  - 2012/07//
PY  - 2012
DA  - July 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Prices
KW  - Standards
KW  - Federal reserve system
KW  - Markets
KW  - Monetary policy
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2012/201246/201246pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-46
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Fourth Quarter, 2011
AN  - 1112220272
AB  - Banco do Brasil SA ("Banco do Brasil"), Brasilia, and Caixa de Previdencia dos Funcionarios do Banco do Brasil, Rio de Janiero, both of Brazil, have requested the Board's approval under section 3 of the Bank Holding Company Act of 1956, as amended ("BHC Act"), to acquire EuroBank, Coral Gables, Florida. The Board has determined that the application should be, and hereby is, approved. In reaching its conclusion, the Board has considered all the facts of record in light of the factors that it is required to consider under the BHC Act and other applicable statutes. Should any restrictions on access to information on the operations or activities of Banco do Brasil or any of its affiliates subsequently interfere with the Board's ability to obtain information to determine and enforce compliance by Banco do Brasil or its affiliates with applicable federal statutes, the Board may require termination of any of Banco do Brasil's or its affiliates' direct or indirect activities in the US.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2012/07//
PY  - 2012
DA  - Jul 2012
SP  - 1
EP  - 45
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 3
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Regulatory approval
KW  - Bank Holding Company Act 1956-US
KW  - Bank acquisitions & mergers
KW  - Compliance
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 4310:Regulation
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Fourth+Quarter%2C+2011&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2012-07-01&rft.volume=98&rft.issue=3&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Banco do Brasil; Caixa de Previdencia dos Funcionarios do Banco do Brasil; Eurobank
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Jul 2012
N1  - Document feature - References
N1  - Last updated - 2012-10-23
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - The Other, Other Half: Changes in the Finances of the Least Wealthy 50 Percent, 2007-2009
AN  - 1315875571; 2011-383597
AB  - In discussions of household wealth, it is not surprising that discussion often tends to focus on the upper half of the wealth distribution: According to the 2007 Survey of Consumer Finances (SCF), that group held 97.5% of all directly owned household wealth. This paper investigates the wealth dynamics of the lower half of the distribution using data from the 2007-2009 SCF panel to examine the degree of distributional mobility among this group, the demographic characteristics associated with such change, and the role of initial portfolio allocation. Tables.
JF  - Board of Governors of the Federal Reserve System System, Jun 11 2012, 23 pp.
AU  - Kennickell, Arthur B
Y1  - 2012/06/11/
PY  - 2012
DA  - 2012 Jun 11
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Property and wealth
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Consumers and consumption
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic conditions
KW  - Households
KW  - Surveys
KW  - Wealth
KW  - Consumers
KW  - Wealth distribution
KW  - Federal reserve system
KW  - Demographics
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875571?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kennickell%2C+Arthur+B&rft.aulast=Kennickell&rft.aufirst=Arthur&rft.date=2012-06-11&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Other%2C+Other+Half%3A+Changes+in+the+Finances+of+the+Least+Wealthy+50+Percent%2C+2007-2009&rft.title=The+Other%2C+Other+Half%3A+Changes+in+the+Finances+of+the+Least+Wealthy+50+Percent%2C+2007-2009&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201240/201240pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-40
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - What Should Core Inflation Exclude?
AN  - 1315875367; 2011-383594
AB  - Consumer price inflation excluding food and energy often performs worse than other measures of underlying inflation in out-of-sample tests of predicting future inflation or tracking an ex-post measure of underlying trend inflation. Nonetheless, inflation, excluding food and energy, remains popular for its simplicity and transparency. This paper explores whether excluding different items would improve performance while maintaining the simplicity and transparency. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Jun 7 2012, 39 pp.
AU  - Detmeister, Alan K
Y1  - 2012/06/07/
PY  - 2012
DA  - 2012 Jun 07
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Health conditions and policy - Food and nutrition
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Prices
KW  - Food
KW  - Inflation
KW  - Consumers
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875367?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Detmeister%2C+Alan+K&rft.aulast=Detmeister&rft.aufirst=Alan&rft.date=2012-06-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=What+Should+Core+Inflation+Exclude%3F&rft.title=What+Should+Core+Inflation+Exclude%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201243/201243pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-43
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Do Oil Prices Help Forecast U.S. Real GDP? The Role of Nonlinearities and Asymmetries
AN  - 1738474608; 2011-383635
AB  - There is a long tradition of using oil prices to forecast US real GDP. It has been suggested that the predictive relationship between the price of oil and one-quarter ahead US real GDP is nonlinear in that (1) oil price increases matter only to the extent that they exceed the maximum oil price in recent years and that (2) oil price decreases do not matter. The study shows that more accurate real GDP forecasts are obtained from symmetric nonlinear models based on the three-year net oil price change. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2012, 35 pp.
AU  - Kilian, Lutz
AU  - Vigfusson, Robert J
Y1  - 2012/06//
PY  - 2012
DA  - June 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - United States
KW  - Prices
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474608?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kilian%2C+Lutz%3BVigfusson%2C+Robert+J&rft.aulast=Kilian&rft.aufirst=Lutz&rft.date=2012-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Do+Oil+Prices+Help+Forecast+U.S.+Real+GDP%3F+The+Role+of+Nonlinearities+and+Asymmetries&rft.title=Do+Oil+Prices+Help+Forecast+U.S.+Real+GDP%3F+The+Role+of+Nonlinearities+and+Asymmetries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1050/ifdp1050.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1050
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries
AN  - 1738474584; 2011-383636
AB  - This paper empirically analyzes how exchange rate policy affects the issuance and pricing of international bonds for developing countries. It finds that countries with less flexible exchange rate regimes pay higher sovereign bond spreads and are less likely to issue bonds. The results of this study suggest that choosing a less flexible exchange rate regime in general leads to higher borrowing costs for developing countries, especially when their currencies are overvalued. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2012, 36 pp.
AU  - Jahjah, Samir
AU  - Wei, Bin
AU  - Yue, Vivian Zhanwei
Y1  - 2012/06//
PY  - 2012
DA  - June 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Economic conditions and policy - Economic theory
KW  - Cost
KW  - Bonds
KW  - Foreign exchange rates
KW  - Federal reserve system
KW  - Developing countries
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Jahjah%2C+Samir%3BWei%2C+Bin%3BYue%2C+Vivian+Zhanwei&rft.aulast=Jahjah&rft.aufirst=Samir&rft.date=2012-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Exchange+Rate+Policy+and+Sovereign+Bond+Spreads+in+Developing+Countries&rft.title=Exchange+Rate+Policy+and+Sovereign+Bond+Spreads+in+Developing+Countries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1049/ifdp1049.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1049
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Missing Import Price Changes and Low Exchange Rate Pass-Through
AN  - 1738473567; 2011-383644
AB  - A large body of empirical work has found that exchange rate movements have only modest effects on inflation; however, the response of an import price index to exchange rate movements may be underestimated because some import price changes are missed when constructing the index. This study investigates downward biases that arise when items experiencing a price change are especially likely to exit or to enter the index. It shows that, in theoretical pricing models, entry and exit have different implications for the timing and size of these biases. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Jun 2012, 57 pp.
AU  - Gagnon, Etienne
AU  - Mandel, Benjamin R
AU  - Vigfusson, Robert J
Y1  - 2012/06//
PY  - 2012
DA  - June 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Economic conditions and policy - Economic conditions
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Indexes
KW  - Foreign exchange rates
KW  - Prices
KW  - Price indexes
KW  - Inflation
KW  - Federal reserve system
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gagnon%2C+Etienne%3BMandel%2C+Benjamin+R%3BVigfusson%2C+Robert+J&rft.aulast=Gagnon&rft.aufirst=Etienne&rft.date=2012-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Missing+Import+Price+Changes+and+Low+Exchange+Rate+Pass-Through&rft.title=Missing+Import+Price+Changes+and+Low+Exchange+Rate+Pass-Through&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1040/ifdp1040r.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1040r
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Changes in U.S. Family Finances from 2007 to 2010: Evidence from the Survey of Consumer Finances
AN  - 1034724314
AB  - This article reviews changes in family income these and other changes in the financial condition of US families between 2007 and 2010. The discussion draws on data from the Federal Reserve Board's Survey of Consumer Finances (SCF) for those years; it also uses evidence from other years of the survey and a special panel SCF conducted from 2007 to 2009 to place the 2007-2010 changes in a broader context. Data from the 2007 and 2010 SCF show that median income fell substantially and that mean income fell somewhat faster, an indication that income losses, at least in terms of levels, were larger for families in the uppermost part of the distribution. Overall, both median and mean net worth also fell dramatically over this period -- 38.8% and 14.7%, respectively. Changes in housing wealth and business equity were key drivers in those wealth changes.
JF  - Federal Reserve Bulletin
AU  - Bricker, Jesse
AU  - Kennickell, Arthur B
AU  - Moore, Kevin B
AU  - Sabelhaus, John
Y1  - 2012/06//
PY  - 2012
DA  - Jun 2012
SP  - 1
EP  - 80
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 2
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Family income
KW  - Consumer credit
KW  - Studies
KW  - Changes
KW  - United States--US
KW  - 9130:Experiment/theoretical treatment
KW  - 9190:United States
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Changes+in+U.S.+Family+Finances+from+2007+to+2010%3A+Evidence+from+the+Survey+of+Consumer+Finances&rft.au=Bricker%2C+Jesse%3BKennickell%2C+Arthur+B%3BMoore%2C+Kevin+B%3BSabelhaus%2C+John&rft.aulast=Bricker&rft.aufirst=Jesse&rft.date=2012-06-01&rft.volume=98&rft.issue=2&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System 2012
N1  - Document feature - Graphs; Tables; References
N1  - Last updated - 2012-09-12
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - GSE activity and mortgage supply in lower-income and minority neighborhoods: the effect of the affordable housing goals
AN  - 1027675456; 4317453
AB  - I estimate the credit supply effect of the Underserved Areas Goal (UAG), which establishes GSE purchase goals for mortgages to lower-income and minority neighborhoods. Taking advantage of discontinuous census tract eligibility rules and abrupt changes in tract eligibility, I find some evidence of a small UAG effect on GSE purchases and mortgage originations, without crowding-out of FHA and subprime lending. The results also suggest that the GSEs exploit the law's lack of precision-targeting, yielding effects that might diverge from the law's intent. Reprinted by permission of Springer
JF  - Journal of real estate finance and economics
AU  - Bhutta, Neil
AD  - Board of Governors of the Federal Reserve System
Y1  - 2012/06//
PY  - 2012
DA  - Jun 2012
SP  - 238
EP  - 261
VL  - 45
IS  - 1
SN  - 0895-5638, 0895-5638
KW  - Economics
KW  - GSE
KW  - Affordable housing
KW  - Minorities
KW  - Government programmes
KW  - Housing prices
KW  - Neighbourhoods
KW  - Low income
KW  - Mortgages
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1027675456?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aibss&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+real+estate+finance+and+economics&rft.atitle=GSE+activity+and+mortgage+supply+in+lower-income+and+minority+neighborhoods%3A+the+effect+of+the+affordable+housing+goals&rft.au=Bhutta%2C+Neil&rft.aulast=Bhutta&rft.aufirst=Neil&rft.date=2012-06-01&rft.volume=45&rft.issue=1&rft.spage=238&rft.isbn=&rft.btitle=&rft.title=Journal+of+real+estate+finance+and+economics&rft.issn=08955638&rft_id=info:doi/10.1007%2Fs11146-010-9258-z
LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 8299; 7553 6271; 8122; 8607; 6065 10107; 5576 5574 10472
DO  - http://dx.doi.org/10.1007/s11146-010-9258-z
ER  - 



TY  - BOOK
T1  - The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
AN  - 1738474486; 2011-383576
AB  - Explores whether credit availability exacerbates asset price inflation, the channels it could work through, and the long run consequences. This paper examines the farm land price boom (and bust) in the US that preceded the Great Depression. It found that credit availability likely had a direct effect on inflating land prices. Land prices also stayed low for a number of decades after the bust in areas that had higher credit availability, suggesting that the effects of booms and busts induced by credit availability might be persistent. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 30 2012, 49 pp.
AU  - Rajan, Raghuram
AU  - Ramcharan, Rodney
Y1  - 2012/05/30/
PY  - 2012
DA  - 2012 May 30
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Environment and environmental policy - Ecology and environmental policy
KW  - Agriculture and agricultural policy - Agricultural economics and farm holdings
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic conditions
KW  - United States
KW  - Farms
KW  - Assets
KW  - Land
KW  - Prices
KW  - Credit
KW  - Inflation
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474486?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rajan%2C+Raghuram%3BRamcharan%2C+Rodney&rft.aulast=Rajan&rft.aufirst=Raghuram&rft.date=2012-05-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Anatomy+of+a+Credit+Crisis%3A+The+Boom+and+Bust+in+Farm+Land+Prices+in+the+United+States+in+the+1920s&rft.title=The+Anatomy+of+a+Credit+Crisis%3A+The+Boom+and+Bust+in+Farm+Land+Prices+in+the+United+States+in+the+1920s&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201262/201262pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-62
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Constituencies and Legislation: The Fight over the McFadden Act of 1927
AN  - 1738473589; 2011-383577
AB  - This paper shows that house price fluctuations can have a significant impact on credit markets well beyond the mortgage segment. Using new data from Prosper.com, a peer-to-peer lending site that matches borrowers and lenders to provide unsecured consumer loans, it finds evidence that home owners in states with declining house prices face higher interest rates and greater rationing of credit, while also becoming delinquent faster. This evidence suggests that asset price fluctuations can play an important part in determining credit conditions and are thus a potentially significant mechanism for propagating macroeconomic shocks. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 30 2012, 41 pp.
AU  - Ramcharan, Rodney
AU  - Crowe, Christopher
Y1  - 2012/05/30/
PY  - 2012
DA  - 2012 May 30
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Law and ethics - Law and jurisprudence
KW  - Economic conditions and policy - Consumers and consumption
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Economic conditions and policy - Economic theory
KW  - Interest rates
KW  - Assets
KW  - Loans
KW  - Prices
KW  - Consumer credit
KW  - Macroeconomics
KW  - Federal reserve system
KW  - Mortgages
KW  - Rationing
KW  - Consumers
KW  - Markets
KW  - Legislation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473589?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ramcharan%2C+Rodney%3BCrowe%2C+Christopher&rft.aulast=Ramcharan&rft.aufirst=Rodney&rft.date=2012-05-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Constituencies+and+Legislation%3A+The+Fight+over+the+McFadden+Act+of+1927&rft.title=Constituencies+and+Legislation%3A+The+Fight+over+the+McFadden+Act+of+1927&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201260/201260pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-60
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Term Structure Modelling with Supply Factors and the Federal Reserve's Large Scale Asset Purchase Programs
AN  - 1315875603; 2011-383600
AB  - This paper proposes and estimates an arbitrage-free term structure model with both observable yield factors and Treasury and Agency mortgage backed securities (MBS) supply factors, and applies it to evaluate the term premium effects of Federal Reserve's Large Scale Asset Purchase programs. The estimates show that the first and the second large-scale asset purchase programs and the Maturity Extension program have a combined effect of about 100 basis points on the 10-year Treasury yield. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 30 2012, 33 pp.
AU  - Li, Canlin
AU  - Wei, Min
Y1  - 2012/05/30/
PY  - 2012
DA  - 2012 May 30
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Assets
KW  - Treasury
KW  - Federal reserve system
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875603?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Li%2C+Canlin%3BWei%2C+Min&rft.aulast=Li&rft.aufirst=Canlin&rft.date=2012-05-30&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Term+Structure+Modelling+with+Supply+Factors+and+the+Federal+Reserve%27s+Large+Scale+Asset+Purchase+Programs&rft.title=Term+Structure+Modelling+with+Supply+Factors+and+the+Federal+Reserve%27s+Large+Scale+Asset+Purchase+Programs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201237/201237pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-37
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Learning from Experience in the Stock Market
AN  - 1738474576; 2011-383596
AB  - This paper studies the dynamics of a Lucas-tree model with finitely lived individuals who "learn from experience." Individuals update expectations by Bayesian learning based on observations from their own lifetimes. In this model, the stock price exhibits stochastic fluctuations around the rational expectations equilibrium. This heterogeneous-agents economy can be approximated by a representative-agent model with constant-gain learning, where the gain parameter is related to the survival rate. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, May 22 2012, 35 pp.
AU  - Nakov, Anton
AU  - Nuno, Galo
Y1  - 2012/05/22/
PY  - 2012
DA  - 2012 May 22
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Prices
KW  - Stocks
KW  - Stock market
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474576?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nakov%2C+Anton%3BNuno%2C+Galo&rft.aulast=Nakov&rft.aufirst=Anton&rft.date=2012-05-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Learning+from+Experience+in+the+Stock+Market&rft.title=Learning+from+Experience+in+the+Stock+Market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201241/201241pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-41
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Prolonged Resolution of Troubled Real Estate Lenders during the 1930s
AN  - 1315875646; 2011-383605
AB  - This paper studies how building and loan associations (B&Ls) slowly unwound their obligations following a set of financial shocks during the Great Depression, with a special focus on a group of particularly troubled B&Ls in Newark, NJ. A market-based resolution mechanism developed in the form of a secondary market for B&L liabilities, but liability holders barred from withdrawal incurred large losses while liquidating their investments on this market. At the same time, B&Ls used the market to avoid realizing some losses by exchanging foreclosed real estate for their second-hand share liabilities. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 8 2012, 48 pp.
AU  - Rose, Jonathan D
Y1  - 2012/05/08/
PY  - 2012
DA  - 2012 May 08
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Law and ethics - Liability, torts, and personal injury
KW  - Business and service sector - Real estate business
KW  - Banking and public and private finance - Investments and securities
KW  - Social conditions and policy - Associations and meetings
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Investments
KW  - Loans
KW  - Free enterprise
KW  - Associations
KW  - Real estate business
KW  - Federal reserve system
KW  - Liability
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875646?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rose%2C+Jonathan+D&rft.aulast=Rose&rft.aufirst=Jonathan&rft.date=2012-05-08&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Prolonged+Resolution+of+Troubled+Real+Estate+Lenders+during+the+1930s&rft.title=The+Prolonged+Resolution+of+Troubled+Real+Estate+Lenders+during+the+1930s&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201231/201231pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-31
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Response of Capital Goods Shipments to Demand over the Business Cycle
AN  - 1315875654; 2011-383606
AB  - This paper studies the behavior of producers of capital goods, examining how they set shipments in response to fluctuations in new orders. The paper establishes a stylized fact: the response of shipments to orders is more pronounced when the level of new orders is low relative to the level of shipments, usually after orders plunge in recessions. This cyclical change in firm behavior is quantitatively important, accounting for a large portion of the steep decline in equipment investment in the 2001 and 2007-2009 recessions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 7 2012, 21 pp.
AU  - Nalewaik, Jeremy J
AU  - Pinto, Eugenio P
Y1  - 2012/05/07/
PY  - 2012
DA  - 2012 May 07
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Accounting
KW  - Investments
KW  - Capital
KW  - Federal reserve system
KW  - Business cycles
KW  - Economic conditions
KW  - Accounting
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875654?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nalewaik%2C+Jeremy+J%3BPinto%2C+Eugenio+P&rft.aulast=Nalewaik&rft.aufirst=Jeremy&rft.date=2012-05-07&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Response+of+Capital+Goods+Shipments+to+Demand+over+the+Business+Cycle&rft.title=The+Response+of+Capital+Goods+Shipments+to+Demand+over+the+Business+Cycle&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201230/201230pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-30
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Correlation between Money and Output in the United Kingdom: Resolution of a Puzzle
AN  - 1315875664; 2011-383607
AB  - Friedman and Schwartz (1982) and Goodhart (1982) report a zero correlation between money growth and output growth in UK historical data. This finding is puzzling, as there is wide agreement that changes in monetary policy are frequently nonneutral in the short run and that the UK experience, in particular, is replete with instances of real effects of monetary policy actions. This paper proposes a resolution to the puzzle. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 3 2012, 57 pp.
AU  - Nelson, Edward
Y1  - 2012/05/03/
PY  - 2012
DA  - 2012 May 03
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Money, currency, and financial instruments
KW  - Economic conditions and policy - Property and wealth
KW  - Money
KW  - Federal reserve system
KW  - Monetary policy
KW  - United Kingdom
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875664?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Nelson%2C+Edward&rft.aulast=Nelson&rft.aufirst=Edward&rft.date=2012-05-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Correlation+between+Money+and+Output+in+the+United+Kingdom%3A+Resolution+of+a+Puzzle&rft.title=The+Correlation+between+Money+and+Output+in+the+United+Kingdom%3A+Resolution+of+a+Puzzle&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201229/201229pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-29
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Fiscal Rules, What Does the American Experience Tell Us?
AN  - 1738474552; 2011-383599
AB  - This study examines the effect of balanced budget rules on budget outcomes in the US from the mid-1980s through the present, considering rules at both the federal level and the state level. Statutory rules at the federal level did not seem to influence the size of deficits, but the hypothesis that the strength of a state's balanced budget rule influenced its response to unanticipated budget shocks was tested. Rules at the state-level seem to have had a significant influence on budget outcomes. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, May 1 2012, 26 pp.
AU  - Lutz, Byron
AU  - Follette, Glenn
Y1  - 2012/05/01/
PY  - 2012
DA  - 2012 May 01
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - United States
KW  - Deficit financing
KW  - Budget, Government
KW  - Federal reserve system
KW  - Fiscal policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474552?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Lutz%2C+Byron%3BFollette%2C+Glenn&rft.aulast=Lutz&rft.aufirst=Byron&rft.date=2012-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Fiscal+Rules%2C+What+Does+the+American+Experience+Tell+Us%3F&rft.title=Fiscal+Rules%2C+What+Does+the+American+Experience+Tell+Us%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201238/201238pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-38
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Timing of Sovereign Defaults over Electoral Terms
AN  - 1738473572; 2011-383637
AB  - This study constructs a database that maps the timing of sovereign default decisions into elected politicians' terms of office that provides an empirical means of investigating political economy theories of sovereign default. It finds no robust patterns in the timing of default decisions over terms of office and no evidence in support of the political reputation theory of sovereign debt repayment. Finally, there is some tentative evidence that elected leaders who default are also those more likely to be re-elected. Tables, References.
JF  - Board of Governors of the Federal Reserve System, May 2012, 35 pp.
AU  - Foley-Fisher, Nathan
Y1  - 2012/05//
PY  - 2012
DA  - May 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Politics - Politics and policy-making
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Business and service sector - Accounting
KW  - Term of office
KW  - Debt
KW  - Federal reserve system
KW  - Political economy
KW  - Politicians
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473572?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Foley-Fisher%2C+Nathan&rft.aulast=Foley-Fisher&rft.aufirst=Nathan&rft.date=2012-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Timing+of+Sovereign+Defaults+over+Electoral+Terms&rft.title=The+Timing+of+Sovereign+Defaults+over+Electoral+Terms&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1047/ifdp1047.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1047
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Signal Extraction for Nonstationary Multivariate Time Series with Illustrations for Trend Inflation
AN  - 1738473532; 2011-383592
AB  - This paper advances the theory and methodology of signal extraction by introducing asymptotic and finite sample formulas for optimal estimators of signals in nonstationary multivariate time series. Previous literature has considered only univariate or stationary models. However, in current practice and research, econometricians, macroeconomists, and policymakers often combine related series -- that may have stochastic trends -- to attain more informed assessments of basic signals like underlying inflation and business cycle components. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, May 2012, 44 pp.
AU  - McElroy, Tucker S
AU  - Trimbur, Thomas M
Y1  - 2012/05//
PY  - 2012
DA  - May 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Inflation
KW  - Federal reserve system
KW  - Business cycles
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473532?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=McElroy%2C+Tucker+S%3BTrimbur%2C+Thomas+M&rft.aulast=McElroy&rft.aufirst=Tucker&rft.date=2012-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Signal+Extraction+for+Nonstationary+Multivariate+Time+Series+with+Illustrations+for+Trend+Inflation&rft.title=Signal+Extraction+for+Nonstationary+Multivariate+Time+Series+with+Illustrations+for+Trend+Inflation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201245/201245pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-45
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Changes in Bank Lending Standards and the Macroeconomy
AN  - 1315875780; 2011-383612
AB  - Identifying the macroeconomic effects of credit supply disruptions is difficult because many of the same factors that influence the supply of bank loans can also affect the demand for credit. Using bank-level responses to the Federal Reserve's Senior Loan Officer Opinion Survey, this study decomposes the reported changes in lending standards -- a commonly-used indicator of changes in credit supply conditions -- into a component that captures the change in banks' lending posture in response to bank-specific and macroeconomic factors that also affect loan demand and a residual component, which provides a cleaner measure of fluctuations in the effective supply of bank-intermediated credit. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, May 1 2012, 39 pp.
AU  - Bassett, William F
AU  - Chosak, Mary Beth
AU  - Driscoll, John C
AU  - Zakrajsek, Egon
Y1  - 2012/05/01/
PY  - 2012
DA  - 2012 May 01
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic theory
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Bank loans
KW  - Loans
KW  - Credit
KW  - Surveys
KW  - Macroeconomics
KW  - Standards
KW  - Federal reserve system
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875780?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bassett%2C+William+F%3BChosak%2C+Mary+Beth%3BDriscoll%2C+John+C%3BZakrajsek%2C+Egon&rft.aulast=Bassett&rft.aufirst=William&rft.date=2012-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Changes+in+Bank+Lending+Standards+and+the+Macroeconomy&rft.title=Changes+in+Bank+Lending+Standards+and+the+Macroeconomy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201224/201224pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-24
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Interest Rate Risk and Bank Equity Valuations
AN  - 1315875767; 2011-383610
AB  - Because they engage in maturity transformation, a steepening of the yield curve should, all else equal, boost bank profitability. This paper re-examines this conventional wisdom by estimating the reaction of bank intraday stock returns to exogenous fluctuations in interest rates induced by monetary policy announcements. The results indicate that bank stock prices decline substantially following an unanticipated increase in the level of interest rates or a steepening of the yield curve. A large maturity gap, however, significantly attenuates the negative reaction of returns to a slope surprise, a result consistent with the role of banks as maturity transformers. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, May 1 2012, 45 pp.
AU  - English, William B
AU  - Van den Heuvel, Skander J.
AU  - Zakrajsek, Egon
Y1  - 2012/05/01/
PY  - 2012
DA  - 2012 May 01
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Social conditions and policy - Social values
KW  - Economic conditions and policy - Property and wealth
KW  - Interest rates
KW  - Valuation
KW  - Prices
KW  - Federal reserve system
KW  - Banking
KW  - Monetary policy
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875767?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=English%2C+William+B%3BVan+den+Heuvel%2C+Skander+J.%3BZakrajsek%2C+Egon&rft.aulast=English&rft.aufirst=William&rft.date=2012-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Interest+Rate+Risk+and+Bank+Equity+Valuations&rft.title=Interest+Rate+Risk+and+Bank+Equity+Valuations&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201226/201226pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-26
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Improving the Measurement of Cross-Border Securities Holdings: The Treasury International Capital SLT
AN  - 1034725395
AB  - This article reviews the general structure of cross-border position and flow data, the benefits that the new TIC SLT can provide. This article reviews four topics. First, the authors review the data collection and compilation methodology in place prior to the debut of the SLT, including a review of the shortcomings and pitfalls of those reports and methods. Second, they review the SLT methodology and its ability to improve upon the existing system. They then review, based on the initial data received, the additional coverage provided by the SLT and the differences between the SLT data and the previous estimates based on cross-border flows. Finally, they compare the changes in cross-border holdings reported on the TIC SLT for the fourth quarter of 2011 with the estimates of the same changes based on the previous methodology. In general, the SLT data confirm trends indicated by the existing transactions-based position estimates: Cross-border positions in both claims and liabilities have largely recovered from the pullbacks that occurred during the financial crisis.
JF  - Federal Reserve Bulletin
AU  - Brandner, Erika
AU  - Cai, Fang
AU  - Judson, Ruth
Y1  - 2012/05//
PY  - 2012
DA  - May 2012
SP  - 1
EP  - 28
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 98
IS  - 1
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Studies
KW  - Cross border transactions
KW  - International finance
KW  - Data collection
KW  - Methods
KW  - United States--US
KW  - 3400:Investment analysis & personal finance
KW  - 9130:Experiment/theoretical treatment
KW  - 9190:United States
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1034725395?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Improving+the+Measurement+of+Cross-Border+Securities+Holdings%3A+The+Treasury+International+Capital+SLT&rft.au=Brandner%2C+Erika%3BCai%2C+Fang%3BJudson%2C+Ruth&rft.aulast=Brandner&rft.aufirst=Erika&rft.date=2012-05-01&rft.volume=98&rft.issue=1&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System 2012
N1  - Document feature - Graphs; Equations; Tables; References
N1  - Last updated - 2012-09-12
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Credit Line Use and Availability in the Financial Crisis: The Importance of Hedging
AN  - 1738474558; 2011-383609
AB  - Examines what determined the corporate use of credit lines in the recent financial crisis. On the supply side, covenant-induced reduction of credit supply was small, and there was almost no evidence of credit line cancellations. On the demand side, the results confirm that while smaller and lower-rated firms use their credit lines more intensively, larger and higher-rated firms were more likely to draw on their credit lines during the crisis. Firms that use interest rate swaps to hedge the interest rate risk associated with their credit lines draw down significantly more from those lines than non-hedged firms. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Apr 17 2012, 49 pp.
AU  - Berrospide, Jose M
AU  - Meisenzahl, Ralf R
AU  - Sullivan, Briana D
Y1  - 2012/04/17/
PY  - 2012
DA  - 2012 Apr 17
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Interest rates
KW  - Finance
KW  - Credit
KW  - Federal reserve system
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474558?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Berrospide%2C+Jose+M%3BMeisenzahl%2C+Ralf+R%3BSullivan%2C+Briana+D&rft.aulast=Berrospide&rft.aufirst=Jose&rft.date=2012-04-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Credit+Line+Use+and+Availability+in+the+Financial+Crisis%3A+The+Importance+of+Hedging&rft.title=Credit+Line+Use+and+Availability+in+the+Financial+Crisis%3A+The+Importance+of+Hedging&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201227/201227pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-27
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - An Extensive Look at Taxes: How Does Endogenous Retirement Affect Optimal Taxation?
AN  - 1315875671; 2011-383608
AB  - This paper considers the impact on optimal tax policy of including endogenously determined retirement in a life cycle model. Allowing individuals to determine when they retire causes the optimal tax on capital to increase by 75% because of two implicit changes in the aggregate labor supply elasticity. In the absence of age-dependent taxes, the government mimics such a tax policy by further increasing the tax on capital. The study finds that the welfare lost from not accounting for endogenous retirement when solving for the optimal tax policy is equivalent to approximately 1% of lifetime consumption. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 17 2012, 19 pp.
AU  - Peterman, William B
Y1  - 2012/04/17/
PY  - 2012
DA  - 2012 Apr 17
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Labor conditions and policy - Employment and labor supply
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Consumers and consumption
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Taxation
KW  - Welfare economics
KW  - Consumption
KW  - Capital
KW  - Labor supply
KW  - Tax policy
KW  - Federal reserve system
KW  - Accounting
KW  - Retirement
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875671?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Peterman%2C+William+B&rft.aulast=Peterman&rft.aufirst=William&rft.date=2012-04-17&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=An+Extensive+Look+at+Taxes%3A+How+Does+Endogenous+Retirement+Affect+Optimal+Taxation%3F&rft.title=An+Extensive+Look+at+Taxes%3A+How+Does+Endogenous+Retirement+Affect+Optimal+Taxation%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201228/201228pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-28
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - International Policy Spillovers at the Zero Lower Bound
AN  - 1315875793; 2011-383613
AB  - Considers how monetary policy in a large, foreign economy affects optimal monetary policy in a small open economy (home) in response to a large global demand shock that pushes both economies to the zero lower bound (ZLB) on nominal interest rates. The study shows that the inability of foreign monetary policy to stabilize the foreign economy at the ZLB creates a spillover that affects how well the home policymaker is able to stabilize its own economy. More stimulatory foreign policy worsens the home policymaker's trade-off between stabilizing inflation and the output gap when home and foreign goods are close substitutes. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 5 2012, 31 pp.
AU  - Haberis, Alex
AU  - Lipinska, Anna
Y1  - 2012/04/05/
PY  - 2012
DA  - 2012 Apr 05
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - International relations - International relations
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Interest rates
KW  - Inflation
KW  - Federal reserve system
KW  - Foreign relations
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875793?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Haberis%2C+Alex%3BLipinska%2C+Anna&rft.aulast=Haberis&rft.aufirst=Alex&rft.date=2012-04-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=International+Policy+Spillovers+at+the+Zero+Lower+Bound&rft.title=International+Policy+Spillovers+at+the+Zero+Lower+Bound&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201223/201223pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-23
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - CEO Pay and the Market for CEOs
AN  - 1738474572; 2011-383598
AB  - Competitive sorting models of the CEO labor market predict that differences in CEO productive abilities, or "talent," should be an important determinant of CEO pay; however, measuring CEO talent empirically represents a major challenge. This paper documents reliable evidence of pay for CEO credentials and argues that the evidence is consistent with models of the CEO labor market. The main finding is that boards' compensation decisions reward several reputational, career, and educational credentials of CEOs, with newly-appointed CEOs earning a 5% ($280,000) total pay premium for each decile improvement in the distribution of these credentials. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2012, 64 pp.
AU  - Falato, Antonio
AU  - Li, Dan
AU  - Milbourn, Todd
Y1  - 2012/04//
PY  - 2012
DA  - April 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Labor conditions and policy - Work and labor
KW  - Federal reserve system
KW  - Markets
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474572?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Falato%2C+Antonio%3BLi%2C+Dan%3BMilbourn%2C+Todd&rft.aulast=Falato&rft.aufirst=Antonio&rft.date=2012-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=CEO+Pay+and+the+Market+for+CEOs&rft.title=CEO+Pay+and+the+Market+for+CEOs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201239/201239pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-39
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Time-to-Plan Lags for Commercial Construction Projects
AN  - 1738474493; 2011-383602
AB  - This study uses a large project-level dataset to estimate the length of the planning period for commercial construction projects in the US. These time-to-plan lags are long, averaging about 17 months when the projects are aggregated without regard to size and more than 28 months when the projects are weighted by their construction cost. Regulatory factors help explain the variation in planning lags across locations, and this study presents anecdotal evidence that links at least some of the lengthening over time to heightened regulatory scrutiny. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Apr 2012, 47 pp.
AU  - Millar, Jonathan N
AU  - Oliner, Stephen D
AU  - Sichel, Daniel E
Y1  - 2012/04//
PY  - 2012
DA  - April 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Economic conditions and policy - Economic theory
KW  - Environment and environmental policy - Architecture and planning
KW  - Cost
KW  - United States
KW  - Planning
KW  - Location
KW  - Regulation
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474493?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Millar%2C+Jonathan+N%3BOliner%2C+Stephen+D%3BSichel%2C+Daniel+E&rft.aulast=Millar&rft.aufirst=Jonathan&rft.date=2012-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Time-to-Plan+Lags+for+Commercial+Construction+Projects&rft.title=Time-to-Plan+Lags+for+Commercial+Construction+Projects&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201234/201234pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-34
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Fiscal Consolidation in an Open Economy
AN  - 1315875940; 2011-383638
AB  - This paper uses a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model of a small open economy to compare how the effects of fiscal consolidation differ depending on whether monetary policy is constrained by currency union membership or by the zero lower bound on policy rates. It shows that there are important differences in the impact of fiscal shocks across these monetary regimes that depend both on the duration of the zero lower bound and on features that determine the responsiveness of inflation. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 2012, 11 pp.
AU  - Erceg, Christopher J
AU  - Linde, Jesper
Y1  - 2012/04//
PY  - 2012
DA  - April 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Membership
KW  - Inflation
KW  - Federal reserve system
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875940?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Erceg%2C+Christopher+J%3BLinde%2C+Jesper&rft.aulast=Erceg&rft.aufirst=Christopher&rft.date=2012-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Fiscal+Consolidation+in+an+Open+Economy&rft.title=Fiscal+Consolidation+in+an+Open+Economy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1046/ifdp1046.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1046
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Do Creditor Rights Increase Employment Risk? Evidence from Debt Covenants
AN  - 1315875558; 2011-383595
AB  - This paper studies whether financial contracts exacerbate or mitigate agency conflicts among stakeholders. It considers a specific contractual provision, debt covenants, and examines how, by allocating control rights between shareholders and debtholders, debt covenants affect the employment relationship. It also analyzes the role of covenants in both public (bonds) and private (loans) debt contracts. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 2012, 49 pp.
AU  - Falato, Antonio
AU  - Liang, Nellie
Y1  - 2012/04//
PY  - 2012
DA  - April 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Law and ethics - Civil law
KW  - Law and ethics - Commercial law
KW  - Labor conditions and policy - Employment and labor supply
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Bonds
KW  - Contracts
KW  - Loans
KW  - Debt
KW  - Employment
KW  - Federal reserve system
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875558?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Falato%2C+Antonio%3BLiang%2C+Nellie&rft.aulast=Falato&rft.aufirst=Antonio&rft.date=2012-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Do+Creditor+Rights+Increase+Employment+Risk%3F+Evidence+from+Debt+Covenants&rft.title=Do+Creditor+Rights+Increase+Employment+Risk%3F+Evidence+from+Debt+Covenants&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201242/201242pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-42
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Spending within Limits: Evidence from Municipal Fiscal Restraints
AN  - 1315874716; 2011-383585
AB  - This paper studies the role of a constitutional rule new to the literature: a limit placed by a city on its own ability to tax or spend. It finds that such a limit exists in at least 1 in 8 cities and that limits are not adopted in response to high levels of or variability in taxation. After limit adoption, municipal revenue growth declines by 16 to 22%. The results suggest that institutional constraints may be effective when representative government falls short of the median voter ideal. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Apr 2012, ii+12 pp.
AU  - Brooks, Leah
AU  - Halberstam, Yosh
AU  - Phillips, Justin
Y1  - 2012/04//
PY  - 2012
DA  - April 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Government - Forms of government
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Politics - Elections and voting
KW  - Taxation
KW  - Revenue
KW  - Federal reserve system
KW  - Representative government
KW  - Voting
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315874716?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Brooks%2C+Leah%3BHalberstam%2C+Yosh%3BPhillips%2C+Justin&rft.aulast=Brooks&rft.aufirst=Leah&rft.date=2012-04-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Spending+within+Limits%3A+Evidence+from+Municipal+Fiscal+Restraints&rft.title=Spending+within+Limits%3A+Evidence+from+Municipal+Fiscal+Restraints&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201252/201252pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-52
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - The Impact Of Long-Term Participation In The Supplemental Nutrition Assistance Program On Child Obesity
AN  - 1023096520; 201218060
AB  - Participation in the Supplemental Nutrition Assistance Program (SNAP) reached an all-time high of 40.2 million persons in March 2010, which means the program affects a substantial fraction of Americans. A significant body of research has emerged suggesting that participation in SNAP increases the probability of being obese for adult women and has little effect on the probability for adult men. However, studies addressing the effects of participation on children have produced mixed results. This paper examines the effect of long-term SNAP participation on the Body Mass Index (BMI) percentile and probability of being overweight or obese for children ages 5-18 using data from the National Longitudinal Survey of Youth 1979 Children and Young Adults data set. An instrumental variables identification strategy that exploits exogenous variation in state-level program parameters, as well as state and federal expansions of the Earned Income Tax Credit (EITC), is used to address the endogeneity between SNAP participation and obesity. SNAP participation is found to significantly reduce BMI percentile and the probability of being overweight or obese for boys and girls ages 5-11 and boys ages 12-18. For girls ages 12-18, SNAP participation appears to have no significant effect on these outcomes. [Copyright John Wiley and Sons, Ltd.]
JF  - Health Economics
AU  - Schmeiser, Maximilian D
AD  - Board of Governors of the Federal Reserve System, Washington, DC 20551, USA max.schmeiser@frb.gov
Y1  - 2012/04//
PY  - 2012
DA  - April 2012
SP  - 386
EP  - 404
PB  - John Wiley, Chichester UK
VL  - 21
IS  - 4
SN  - 1057-9230, 1057-9230
KW  - child obesity, food stamps, supplemental nutrition assistance, BMI
KW  - Obesity
KW  - Young people
KW  - Body Mass Index
KW  - Children
KW  - Obese children
KW  - Nutrition
KW  - article
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1023096520?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aassia&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Health+Economics&rft.atitle=The+Impact+Of+Long-Term+Participation+In+The+Supplemental+Nutrition+Assistance+Program+On+Child+Obesity&rft.au=Schmeiser%2C+Maximilian+D&rft.aulast=Schmeiser&rft.aufirst=Maximilian&rft.date=2012-04-01&rft.volume=21&rft.issue=4&rft.spage=386&rft.isbn=&rft.btitle=&rft.title=Health+Economics&rft.issn=10579230&rft_id=info:doi/10.1002%2Fhec.1714
LA  - English
DB  - Applied Social Sciences Index & Abstracts (ASSIA)
N1  - Date revised - 2012-07-01
N1  - Last updated - 2016-09-27
N1  - CODEN - HEECEZ
N1  - SubjectsTermNotLitGenreText - Obesity; Body Mass Index; Young people; Obese children; Nutrition; Children
DO  - http://dx.doi.org/10.1002/hec.1714
ER  - 



TY  - BOOK
T1  - The Government-Sponsored Enterprises and the Mortgage Crisis: The Role of the Affordable Housing Goals
AN  - 1315875774; 2011-383611
AB  - The US mortgage crisis that began in 2007 generated questions about the role played by Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSEs), in its causes. Some have claimed that the Affordable Housing Goals (AHGs), introduced by Congress through the GSE Act of 1992, and the resulting purchases of single-family mortgages the GSEs made to meet those goals, drove lending to high-risk borrowers. This study measures the effect of one of the goals, the Underserved Areas Goal (UAG), on the number of whole single-family mortgages purchased by the GSEs in targeted census tracts from 1996 to 2002. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 22 2012, 32 pp.
AU  - Bolotnyy, Valentin
Y1  - 2012/03/22/
PY  - 2012
DA  - 2012 Mar 22
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Housing
KW  - Population groups, population policy, and demographics - Demography and census
KW  - United States
KW  - Housing
KW  - Census
KW  - Federal reserve system
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875774?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bolotnyy%2C+Valentin&rft.aulast=Bolotnyy&rft.aufirst=Valentin&rft.date=2012-03-22&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Government-Sponsored+Enterprises+and+the+Mortgage+Crisis%3A+The+Role+of+the+Affordable+Housing+Goals&rft.title=The+Government-Sponsored+Enterprises+and+the+Mortgage+Crisis%3A+The+Role+of+the+Affordable+Housing+Goals&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201225/201225pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-25
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Gamblers as Personal Finance Activists
AN  - 1315875848; 2011-383618
AB  - Gambling behavior can serve as an informative indicator of important household heterogeneity that is difficult to observe directly in data. This report studies the consumption and personal finance of gamblers using a nationwide representative household survey. It finds that consumers are more likely to gamble when income is higher than its normal level predicted by observable characteristics and that nongambling expenditures tend to increase with gambling activities. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 15 2012, 53 pp.
AU  - Li, Geng
Y1  - 2012/03/15/
PY  - 2012
DA  - 2012 Mar 15
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Leisure, recreation, and hobbies
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Consumers and consumption
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Business and service sector - Accounting
KW  - Gambling
KW  - Personal finance
KW  - Appropriations and expenditures
KW  - Households
KW  - Consumption
KW  - Surveys
KW  - Consumers
KW  - Federal reserve system
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875848?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Li%2C+Geng&rft.aulast=Li&rft.aufirst=Geng&rft.date=2012-03-15&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Gamblers+as+Personal+Finance+Activists&rft.title=Gamblers+as+Personal+Finance+Activists&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201218/201218pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-18
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - How Does Social Security Claiming Respond to Incentives? Considering Husbands' and Wives' Benefits Separately
AN  - 1315875836; 2011-383617
AB  - A majority of women receive most of their Social Security benefits based upon their husbands' earnings history, but previous research has shown that husbands' benefit claiming is inconsistent with maximizing lifetime benefits for the couple. That research assumes husbands choose their claim age based on all Social Security incentives facing the household. It shows that husbands' claiming behavior responds to the actuarial incentives built into their own retired worker benefit formula, but not the incentives built into the spouse and survivor formulas that determine their wives' benefit, including lifetime benefits. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 14 2012, 38 pp.
AU  - Henriques, Alice M
Y1  - 2012/03/14/
PY  - 2012
DA  - 2012 Mar 14
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Population groups, population policy, and demographics - Men
KW  - Social conditions and policy - Social policy and social development
KW  - Population groups, population policy, and demographics - Women
KW  - Social conditions and policy - Social sciences and social scientists
KW  - Social conditions and policy - History
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Husbands
KW  - Wives
KW  - History
KW  - Households
KW  - Women
KW  - Federal reserve system
KW  - Benefits
KW  - Social insurance
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875836?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Henriques%2C+Alice+M&rft.aulast=Henriques&rft.aufirst=Alice&rft.date=2012-03-14&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=How+Does+Social+Security+Claiming+Respond+to+Incentives%3F+Considering+Husbands%27+and+Wives%27+Benefits+Separately&rft.title=How+Does+Social+Security+Claiming+Respond+to+Incentives%3F+Considering+Husbands%27+and+Wives%27+Benefits+Separately&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201219/201219pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-19
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Is the Consumer Expenditure Survey Representative by Income?
AN  - 1738473496; 2011-383601
AB  - Aggregate under-reporting of household spending in the Consumer Expenditure Survey (CE) can result from two fundamental types of measurement errors: higher-income households (who presumably spend more than average) are under-represented in the CE estimation sample, or there is systematic under-reporting of spending by at least some CE survey respondents. Using a new data set linking CE units to zip-code level average Adjusted Gross Income (AGI), this study shows that the very highest-income households are less likely to respond to the survey when they are sampled, but unit non-response rates are not associated with income over most of the income distribution. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 13 2012, 27 pp.
AU  - Sabelhaus, John
AU  - Johnson, David
AU  - Ash, Stephen
AU  - Garner, Thesia
AU  - Greenlees, John
AU  - Henderson, Steve
AU  - Swanson, David
Y1  - 2012/03/13/
PY  - 2012
DA  - 2012 Mar 13
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Consumers and consumption
KW  - Economic conditions and policy - Economic conditions
KW  - Science and technology policy - Mathematics
KW  - Measurement
KW  - Appropriations and expenditures
KW  - Households
KW  - Surveys
KW  - Income distribution
KW  - Consumers
KW  - Federal reserve system
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473496?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sabelhaus%2C+John%3BJohnson%2C+David%3BAsh%2C+Stephen%3BGarner%2C+Thesia%3BGreenlees%2C+John%3BHenderson%2C+Steve%3BSwanson%2C+David&rft.aulast=Sabelhaus&rft.aufirst=John&rft.date=2012-03-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Is+the+Consumer+Expenditure+Survey+Representative+by+Income%3F&rft.title=Is+the+Consumer+Expenditure+Survey+Representative+by+Income%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201236/201236pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-36
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effect of TARP on Bank Risk-Taking
AN  - 1738474526; 2011-383641
AB  - One of the largest responses of the US government to the recent financial crisis was the Troubled Asset Relief Program (TARP). TARP was originally intended to stabilize the financial sector through the increased capitalization of banks; however, recipients of TARP funds were then encouraged to make additional loans despite increased borrower risk. This paper considers the effect of the TARP capital injections on bank risk taking by analyzing the risk ratings of banks' commercial loan originations during the crisis. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2012, 33 pp.
AU  - Black, Lamont
AU  - Hazelwood, Lieu
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - United States
KW  - Finance
KW  - Assets
KW  - Loans
KW  - Capital
KW  - Federal reserve system
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474526?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Black%2C+Lamont%3BHazelwood%2C+Lieu&rft.aulast=Black&rft.aufirst=Lamont&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effect+of+TARP+on+Bank+Risk-Taking&rft.title=The+Effect+of+TARP+on+Bank+Risk-Taking&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1043/ifdp1043.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. IFDP 1043
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Dynamic Factor Model of the Yield Curve as a Predictor of the Economy
AN  - 1738474380; 2011-383604
AB  - Proposes an econometric model of the joint dynamic relationship between the yield curve and the economy to predict business cycles. This paper examines the predictive value of the yield curve to forecast future economic growth as well as the beginning and end of economic recessions at the monthly frequency. The nonlinear model is used to investigate the interrelationship between the phases of the bond market and of the business cycle, and the results indicate a strong interrelation between these two sectors. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2012, 43 pp.
AU  - Chauvet, Marcelle
AU  - Senyuz, Zeynep
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic research
KW  - Bonds
KW  - Economic development
KW  - Econometrics
KW  - Economic conditions
KW  - Markets
KW  - Business cycles
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474380?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Chauvet%2C+Marcelle%3BSenyuz%2C+Zeynep&rft.aulast=Chauvet&rft.aufirst=Marcelle&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Dynamic+Factor+Model+of+the+Yield+Curve+as+a+Predictor+of+the+Economy&rft.title=A+Dynamic+Factor+Model+of+the+Yield+Curve+as+a+Predictor+of+the+Economy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201232/201232pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-32
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - U.S. International Equity Investment
AN  - 1738473543; 2011-383640
AB  - US investors are the largest group of international equity investors in the world, but to-date conclusive evidence on which types of foreign firms are able to attract US investment is not available. Using a comprehensive dataset of all US investment in foreign equities, this study finds that the single most important determinant of the amount of US investment a foreign firm receives is whether the firm cross-lists on a US exchange. This firm-level analysis has implications for country-level studies, suggesting that research investigating equity investment patterns at the country-level should include cross-listing as an endogenous control variable. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2012, 62 pp.
AU  - Ammer, John
AU  - Holland, Sara B
AU  - Smith, David C
AU  - Warnock, Francis E
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Investments and securities
KW  - Law and ethics - Ethics
KW  - United States
KW  - Investors
KW  - Foreign investments
KW  - Federal reserve system
KW  - Equity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473543?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Ammer%2C+John%3BHolland%2C+Sara+B%3BSmith%2C+David+C%3BWarnock%2C+Francis+E&rft.aulast=Ammer&rft.aufirst=John&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=U.S.+International+Equity+Investment&rft.title=U.S.+International+Equity+Investment&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1044/ifdp1044.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1044
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are All Trade Policies Created Equal? Empirical Evidence for Nonequivalent Market Power Effects of Tariffs and Quotas
AN  - 1738473486; 2011-383619
AB  - Over the past 50 years, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based. It exploits this extensive heterogeneity in trade protection to examine the well-established theoretical literature predicting nonequivalent effects of tariffs and quotas on domestic firms' market power. Using plant-level Census Bureau data for steel plants from 1967-2002, it finds evidence for significant market power effects for binding quota-based protection, but not tariff-based protection, particularly with respect to integrated and mini-mill steel producers. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2012, 35 pp.
AU  - Blonigen, Bruce A
AU  - Liebman, Benjamin H
AU  - Pierce, Justin R
AU  - Wilson, Wesley W
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Trade and trade policy - Customs administration and duties
KW  - Manufacturing and heavy industry - Metals industry
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Iron and steel industry
KW  - Census
KW  - Tariff
KW  - Federal reserve system
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473486?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Blonigen%2C+Bruce+A%3BLiebman%2C+Benjamin+H%3BPierce%2C+Justin+R%3BWilson%2C+Wesley+W&rft.aulast=Blonigen&rft.aufirst=Bruce&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Are+All+Trade+Policies+Created+Equal%3F+Empirical+Evidence+for+Nonequivalent+Market+Power+Effects+of+Tariffs+and+Quotas&rft.title=Are+All+Trade+Policies+Created+Equal%3F+Empirical+Evidence+for+Nonequivalent+Market+Power+Effects+of+Tariffs+and+Quotas&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201217/201217pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-17
N1  - Last updated - 2016-09-28
ER  - 



TY  - GEN
T1  - International Narcotics Control Strategy Report, Volume II: Money Laundering and Financial Crimes, March 2012
AN  - 1679113292; MD01871
AB  - Reports on U.S. efforts to prevent money laundering worldwide and on specific programs in Mexico.
AU  - United States. Department of State. Bureau of International Narcotics and Law Enforcement Affairs
AD  - United States. Department of State. Bureau of International Narcotics and Law Enforcement Affairs
PY  - 2012
SP  - 193
KW  - International Narcotics Control Strategy Report (Government publication)
KW  - Laundering of funds
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1679113292?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Adnsa_md&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=unknown&rft.jtitle=&rft.atitle=International+Narcotics+Control+Strategy+Report%2C+Volume+II%3A+Money+Laundering+and+Financial+Crimes%2C+March+2012&rft.au=United+States.+Department+of+State.+Bureau+of+International+Narcotics+and+Law+Enforcement+Affairs&rft.aulast=United+States.+Department+of+State.+Bureau+of+International+Narcotics+and+Law+Enforcement+Affairs&rft.aufirst=&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=&rft.title=&rft.issn=&rft_id=info:doi/
L2  - http://www.state.gov.
LA  - English
DB  - Digital National Security Archive
N1  - Name - United States. Board of Governors of the Federal Reserve System; United States. Department of Homeland Security. Immigration and Customs Enforcement; United States. Department of Justice. Drug Enforcement Administration; United States. Department of the Treasury. Financial Crimes Enforcement Network; United States. Federal Bureau of Investigation; United States. Federal Deposit Insurance Corporation; United States. Internal Revenue Service
N1  - Analyte descriptor - NSA document type: Report; Location of original: Available [Online]: State Department
N1  - Last updated - 2015-06-16
ER  - 



TY  - BOOK
T1  - When Good Investments Go Bad: The Contraction in Community Bank Lending after the 2008 GSE Takeover
AN  - 1315875947; 2011-383639
AB  - In September 2008, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were placed into conservatorship and dividend payments on common and preferred shares were suspended. As a result, share prices fell to nearly zero, and many banks across the country lost the value of their investments in the preferred shares. This study estimates more than 600 depository institutions in the US were exposed to at least 8 billion dollars in investment losses from these securities; and, in addition, fifteen failures and two distressed mergers either directly or indirectly resulted from the takeover. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 2012, 43 pp.
AU  - Rice, Tara
AU  - Rose, Jonathan
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - United States
KW  - Investments
KW  - Dividends
KW  - Prices
KW  - Federal reserve system
KW  - Banking
KW  - Payment
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875947?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Rice%2C+Tara%3BRose%2C+Jonathan&rft.aulast=Rice&rft.aufirst=Tara&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=When+Good+Investments+Go+Bad%3A+The+Contraction+in+Community+Bank+Lending+after+the+2008+GSE+Takeover&rft.title=When+Good+Investments+Go+Bad%3A+The+Contraction+in+Community+Bank+Lending+after+the+2008+GSE+Takeover&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1045/ifdp1045.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - International Finance Discussion pa. IFDP 1045
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Relationship between Information Asymmetry and Dividend Policy
AN  - 1315875176; 2011-383623
AB  - This paper examines how the quality of firm information disclosure affects shareholders' use of dividends to mitigate agency problems. Managerial compensation is linked to firm value; however, because the manager and shareholders are asymmetrically informed, the manager can manipulate the firm's accounting information to increase perceived firm value. Dividends can limit such practices by adding to the cost faced by a manager manipulating earnings. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 2012, 55 pp.
AU  - Vojtech, Cindy M
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Business management
KW  - Cost
KW  - Management
KW  - Dividends
KW  - Accounting
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875176?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Vojtech%2C+Cindy+M&rft.aulast=Vojtech&rft.aufirst=Cindy&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Relationship+between+Information+Asymmetry+and+Dividend+Policy&rft.title=The+Relationship+between+Information+Asymmetry+and+Dividend+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201213/201213pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-13
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Mortgage Debt and Household Deleveraging: Accounting for the Decline in Mortgage Debt Using Consumer Credit Record Data
AN  - 1315875171; 2011-383622
AB  - One of the major reasons hypothesized for the tepid economic recovery thus far is the ongoing "deleveraging" process. From 2009:Q3 to 2011:Q3, aggregate household debt declined by about 1.5 trillion dollars in real terms, with mortgage debt falling by about 1 trillion dollars. Other than defaults, the factors driving the decline in aggregate debt are not precisely understood, in large part because the necessary data are not widely available. This paper draws on panel data consisting of individual credit records to better understand why mortgage debt has declined. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Mar 2012, 21 pp.
AU  - Bhutta, Neil
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Accounting
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Consumer credit
KW  - Households
KW  - Credit
KW  - Debt
KW  - Federal reserve system
KW  - Economic stabilization
KW  - Accounting
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875171?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bhutta%2C+Neil&rft.aulast=Bhutta&rft.aufirst=Neil&rft.date=2012-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Mortgage+Debt+and+Household+Deleveraging%3A+Accounting+for+the+Decline+in+Mortgage+Debt+Using+Consumer+Credit+Record+Data&rft.title=Mortgage+Debt+and+Household+Deleveraging%3A+Accounting+for+the+Decline+in+Mortgage+Debt+Using+Consumer+Credit+Record+Data&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201214/201214pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-14
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Concording U.S. Harmonized System Codes over Time
AN  - 1125218165; 201239993
AB  - Monitoring changes to product classification systems is an important component of a wide range of empirical research. In this article we develop an algorithm for concording periodic-revisions to the ten-digit Harmonized System (HS) codes used by U.S. statistical agencies to categorize international trade since 1989. We use this algorithm to construct the first comprehensive concordance of HS codes over time, and show how this concordance can be extended to incorporate future revisions. We then characterize the extent of HS-code changes since 1989 and discuss how controlling for these revisions is critical for understanding the growth of U.S. trade. Lastly, we highlight the general applicability of the algorithm to other national and international product classification systems. Adapted from the source document.
JF  - Journal of Official Statistics
AU  - Pierce, Justin R
AU  - Schott, Peter K
AD  - Board of Governors of the Federal Reserve System. 20th and C ST NW. Washington, DC 20551 U.S.A justin.pierce@frb.gov
Y1  - 2012/03//
PY  - 2012
DA  - March 2012
SP  - 53
EP  - 68
PB  - Statistics Sweden, Orebro, Sweden
VL  - 28
IS  - 1
SN  - 0282-423X, 0282-423X
KW  - International trade, product classification
KW  - Trade
KW  - Algorithms
KW  - International Trade
KW  - article
KW  - 0105: methodology and research technology; statistical methods
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1125218165?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Asocabs&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+Official+Statistics&rft.atitle=Concording+U.S.+Harmonized+System+Codes+over+Time&rft.au=Pierce%2C+Justin+R%3BSchott%2C+Peter+K&rft.aulast=Pierce&rft.aufirst=Justin&rft.date=2012-03-01&rft.volume=28&rft.issue=1&rft.spage=53&rft.isbn=&rft.btitle=&rft.title=Journal+of+Official+Statistics&rft.issn=0282423X&rft_id=info:doi/
LA  - English
DB  - Sociological Abstracts
N1  - Date revised - 2012-11-01
N1  - Last updated - 2016-09-28
N1  - SubjectsTermNotLitGenreText - Algorithms; International Trade; Trade
ER  - 



TY  - BOOK
T1  - The Analytics of SVARs: A Unified Framework to Measure Fiscal Multipliers
AN  - 1738474402; 2011-383616
AB  - Explores whether fiscal policy stimulates output. Structural vector autoregressions (SVARs) have been used to address this question but no stylized facts have emerged. The results for the US for the period 1947-2006 suggest that the probability of the tax multiplier being larger than the spending multiplier is below 0.5 at all horizons. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Feb 21 2012, 67 pp.
AU  - Caldara, Dario
AU  - Kamps, Christophe
Y1  - 2012/02/21/
PY  - 2012
DA  - 2012 Feb 21
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - United States
KW  - Federal reserve system
KW  - Fiscal policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474402?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Caldara%2C+Dario%3BKamps%2C+Christophe&rft.aulast=Caldara&rft.aufirst=Dario&rft.date=2012-02-21&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Analytics+of+SVARs%3A+A+Unified+Framework+to+Measure+Fiscal+Multipliers&rft.title=The+Analytics+of+SVARs%3A+A+Unified+Framework+to+Measure+Fiscal+Multipliers&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201220/201220pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-20
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - What Does Financial Volatility Tell Us about Macroeconomic Fluctuations?
AN  - 1315875192; 2011-383625
AB  - This paper provides an extensive analysis of the predictive ability of financial volatility measures for economic activity. It constructs monthly measures of aggregated and industry-level stock volatility and bond market volatility from daily returns. The study finds that there are substantial gains from using the long-term component of the volatility measures for linearly projecting future economic activity, as well as for forecasting business cycle turning points. When allowing for asymmetry in the long-run volatility component, it finds that it provides early signals of upcoming recessions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 6 2012, 31 pp.
AU  - Senyuz, Zeynep
AU  - Chauvet, Marcelle
AU  - Yoldas, Emre
Y1  - 2012/02/06/
PY  - 2012
DA  - 2012 Feb 06
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic theory
KW  - Bonds
KW  - Macroeconomics
KW  - Stocks
KW  - Forecasting
KW  - Federal reserve system
KW  - Business cycles
KW  - Economic conditions
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875192?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Senyuz%2C+Zeynep%3BChauvet%2C+Marcelle%3BYoldas%2C+Emre&rft.aulast=Senyuz&rft.aufirst=Zeynep&rft.date=2012-02-06&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=What+Does+Financial+Volatility+Tell+Us+about+Macroeconomic+Fluctuations%3F&rft.title=What+Does+Financial+Volatility+Tell+Us+about+Macroeconomic+Fluctuations%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201209/201209pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-09
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Flow and Stock Effects of Large-Scale Asset Purchases: Evidence on the Importance of Local Supply
AN  - 1738474447; 2011-383593
AB  - The Federal Reserve's 2009 program to purchase 300 billion dollars of US Treasury securities represented an unprecedented intervention in the Treasury market and provides a natural experiment with the potential to shed light on the price elasticities of Treasuries and theories of supply effects in the term structure. Using security-level data on Treasury prices and quantities during the course of this program, this study documented a "local supply" effect in the yield curve -- yields within a particular maturity sector responded more to changes in the amounts outstanding in that sector than to similar changes in other sectors. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Feb 2012, 37 pp.
AU  - D'Amico, Stefania
AU  - King, Thomas B
Y1  - 2012/02//
PY  - 2012
DA  - February 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Business finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Investments and securities
KW  - Securities
KW  - United States
KW  - Assets
KW  - Prices
KW  - Treasury
KW  - Stocks
KW  - Federal reserve system
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474447?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=D%27Amico%2C+Stefania%3BKing%2C+Thomas+B&rft.aulast=D%27Amico&rft.aufirst=Stefania&rft.date=2012-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Flow+and+Stock+Effects+of+Large-Scale+Asset+Purchases%3A+Evidence+on+the+Importance+of+Local+Supply&rft.title=Flow+and+Stock+Effects+of+Large-Scale+Asset+Purchases%3A+Evidence+on+the+Importance+of+Local+Supply&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201244/201244pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-44
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Monetary Policy in Emerging Market Economies: What Lessons from the Global Financial Crisis?
AN  - 1315875989; 2011-383642
AB  - During the 2008-2009 global financial crisis, emerging market economies (EMEs) loosened monetary policy considerably to cushion the shock. In previous crises episodes, by contrast, EMEs generally had to tighten monetary policy to defend the value of their currencies, to contain capital flight, and to bolster policy credibility. This study aims to understand the factors that enabled this remarkable shift in monetary policy, and also to assess whether this marks a new era in which EMEs can now conduct countercyclical policy, more in line with advanced economies. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 2012, 29 pp.
AU  - Coulibaly, Brahima
Y1  - 2012/02//
PY  - 2012
DA  - February 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Property and wealth
KW  - Finance
KW  - Capital
KW  - Federal reserve system
KW  - Economic conditions
KW  - Developing countries
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875989?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Coulibaly%2C+Brahima&rft.aulast=Coulibaly&rft.aufirst=Brahima&rft.date=2012-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Monetary+Policy+in+Emerging+Market+Economies%3A+What+Lessons+from+the+Global+Financial+Crisis%3F&rft.title=Monetary+Policy+in+Emerging+Market+Economies%3A+What+Lessons+from+the+Global+Financial+Crisis%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1042/ifdp1042.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - International Finance Discussion pa. no. 1042
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Effect of Endogenous Human Capital Accumulation on Optimal Taxation
AN  - 1315875216; 2011-383629
AB  - This paper considers the impact of endogenous human capital accumulation on optimal tax policy in a life cycle model. Including endogenous human capital accumulation, either through learning-by-doing or learning-or-doing, is analytically shown to create a motive for the government to use age-dependent labor income taxes. If the government cannot condition taxes on age, then it is optimal to use a tax on capital in order to mimic such taxes. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Jan 18 2012, 47 pp.
AU  - Peterman, William B
Y1  - 2012/01/18/
PY  - 2012
DA  - 2012 Jan 18
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Labor conditions and policy - Employment and labor supply
KW  - Labor conditions and policy - Work and labor
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Economic conditions and policy - Property and wealth
KW  - Income tax
KW  - Taxation
KW  - Human capital
KW  - Capital
KW  - Tax policy
KW  - Federal reserve system
KW  - Labor
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875216?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Peterman%2C+William+B&rft.aulast=Peterman&rft.aufirst=William&rft.date=2012-01-18&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Effect+of+Endogenous+Human+Capital+Accumulation+on+Optimal+Taxation&rft.title=The+Effect+of+Endogenous+Human+Capital+Accumulation+on+Optimal+Taxation&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201203/201203pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-03
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Quantifying the Role of Federal and State Taxes in Mitigating Wage Inequality
AN  - 1315875207; 2011-383628
AB  - Wage inequality has risen dramatically in the US since at least 1980. This paper quantifies the role that the tax policies of the federal and state governments have played in mitigating wage inequality. The analysis, which isolates the contribution of federal taxes and state taxes separately, employs two approaches: (1) cross-sectional estimates compare before-tax and after-tax inequality across the 50 states and the District of Columbia and (2) inequality estimates across time are calculated to assess the evolution of the effects of tax policies. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Jan 12 2012, 43 pp.
AU  - Cooper, Daniel H
AU  - Lutz, Byron F
AU  - Palumbo, Michael G
Y1  - 2012/01/12/
PY  - 2012
DA  - 2012 Jan 12
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Social conditions and policy - Social values
KW  - Labor conditions and policy - Labor conditions, wages, salaries, and benefits
KW  - Government - State or regional government
KW  - United States
KW  - State government
KW  - Wage differentials
KW  - Tax policy
KW  - Federal reserve system
KW  - Equality
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875207?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Cooper%2C+Daniel+H%3BLutz%2C+Byron+F%3BPalumbo%2C+Michael+G&rft.aulast=Cooper&rft.aufirst=Daniel&rft.date=2012-01-12&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Quantifying+the+Role+of+Federal+and+State+Taxes+in+Mitigating+Wage+Inequality&rft.title=Quantifying+the+Role+of+Federal+and+State+Taxes+in+Mitigating+Wage+Inequality&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201205/201205pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-05
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Foreign Holdings of U.S. Treasuries and U.S. Treasury Yields
AN  - 1738474590; 2011-383643
AB  - Foreign official holdings of US Treasuries increased from 400 billion dollars in January 1994 to about 3 trillion dollars in June 2010. Most of this growth is accounted for by a handful of emerging market economies that have been running large current account surpluses. These countries are channeling their savings through the official sector, which is then acquiring foreign exchange reserves. Any shift in policy to reduce their current account surpluses or dampen the rate of reserves accumulation would likely slow the pace of foreign official purchases of US Treasuries. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2012, 32 pp.
AU  - Beltran, Daniel O
AU  - Kretchmer, Maxwell
AU  - Marquez, Jaime
AU  - Thomas, Charles P
Y1  - 2012/01//
PY  - 2012
DA  - January 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - United States
KW  - Foreign exchange
KW  - Saving
KW  - Treasury
KW  - Federal reserve system
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474590?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Beltran%2C+Daniel+O%3BKretchmer%2C+Maxwell%3BMarquez%2C+Jaime%3BThomas%2C+Charles+P&rft.aulast=Beltran&rft.aufirst=Daniel&rft.date=2012-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Foreign+Holdings+of+U.S.+Treasuries+and+U.S.+Treasury+Yields&rft.title=Foreign+Holdings+of+U.S.+Treasuries+and+U.S.+Treasury+Yields&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2012/1041/ifdp1041.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Concording U.S. Harmonized System Categories over Time
AN  - 1738474518; 2011-383620
AB  - Monitoring changes to product classification systems is an important component of a wide range of empirical research. This study develops an algorithm for concording periodic revisions to the ten-digit Harmonized System (HS) codes used by US statistical agencies to categorize international trade since 1989. It uses this algorithm to construct the first comprehensive concordance of HS codes over time and shows how this concordance can be extended to incorporate future revisions. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Jan 2012, 13 pp.
AU  - Pierce, Justin R
AU  - Schott, Peter K
Y1  - 2012/01//
PY  - 2012
DA  - January 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Trade and trade policy - Export-import trade
KW  - United States
KW  - Classification
KW  - Federal reserve system
KW  - Export-import trade
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474518?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Pierce%2C+Justin+R%3BSchott%2C+Peter+K&rft.aulast=Pierce&rft.aufirst=Justin&rft.date=2012-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Concording+U.S.+Harmonized+System+Categories+over+Time&rft.title=Concording+U.S.+Harmonized+System+Categories+over+Time&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201216/201216pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-16
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Influence of Fannie and Freddie on Mortgage Loan Terms
AN  - 1738474461; 2011-383603
AB  - This paper uses a novel instrumental variables approach to quantify the effect that Government-Sponsored Enterprise (GSE) purchase eligibility had on equilibrium mortgage loan terms in the period from 2003 to 2007. GSE eligibility appears to have lowered interest rates by about 10 basis points, encouraged fixed-rate loans over adjustable rate mortgages (ARMs), and discouraged low-documentation and brokered loans. The overall picture suggests that GSE purchases had only a modest impact on loan terms during this period. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, 2012, 31 pp.
AU  - Kaufman, Alex
Y1  - 2012///0,
PY  - 2012
DA  - 0, 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Interest rates
KW  - Loans
KW  - Federal reserve system
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474461?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Kaufman%2C+Alex&rft.aulast=Kaufman&rft.aufirst=Alex&rft.date=2012-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Influence+of+Fannie+and+Freddie+on+Mortgage+Loan+Terms&rft.title=The+Influence+of+Fannie+and+Freddie+on+Mortgage+Loan+Terms&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201233/201233pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-33
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Financing Constraints, Firm Dynamics, and International Trade
AN  - 1738473598; 2011-383570
AB  - There is growing empirical support for the conjecture that access to credit is an important determinant of firms' export decisions. This paper studies a multi-country general equilibrium economy in which entrepreneurs and lenders engage in long-term credit relationships. Financial constraints arise in consequence of financial contracts that are optimal given information asymmetry. Consistent with empirical regularities, as firm age and size increase, the model implies decreasing mean and variance of firm growth and increasing firm survival. Tables, References.
JF  - Board of Governors of the Federal Reserve System, 2012, 47 pp.
AU  - Verani, Stephane
AU  - Gross, Till
Y1  - 2012///0,
PY  - 2012
DA  - 0, 2012
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Law and ethics - Civil law
KW  - Law and ethics - Commercial law
KW  - Business and service sector - Entrepreneurs, executives, business personnel, and occupations
KW  - Trade and trade policy - Export-import trade
KW  - Entrepreneurs
KW  - Contracts
KW  - Credit
KW  - Federal reserve system
KW  - Export-import trade
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473598?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Verani%2C+Stephane%3BGross%2C+Till&rft.aulast=Verani&rft.aufirst=Stephane&rft.date=2012-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Financing+Constraints%2C+Firm+Dynamics%2C+and+International+Trade&rft.title=Financing+Constraints%2C+Firm+Dynamics%2C+and+International+Trade&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201268/201268pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-68
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - A concordance between ten-digit U.S. harmonized system codes and SIC/NAICS product classes and industries
AN  - 1347780986; 201322108
AB  - While the relationship between international trade and domestic economic activity is an important topic in economics, research in this area has been slowed due to data limitations. In this paper we provide tools that improve the existing data in two ways. First, we develop an algorithm that yields concordances between the ten-digit Harmonized System (HS) codes used to classify products in U.S. international trade and the SIC and NAICS industry codes used to classify domestic economic activity. These concordances then yield novel time series of industry-level international trade data for the years 1989 to 2009. Second, we provide concordances between HS codes and the SIC and NAICS product classes used to classify U.S. manufacturing production, allowing for matching at a more disaggregated level than was previously available. Adapted from the source document.
JF  - Journal of Economic and Social Measurement
AU  - Pierce, Justin R
AU  - Schott, Peter K
AD  - Board of Governors of the Federal Reserve System, 20th & C ST NW, Washington, DC 20551 Tel: +1 202 452 2980, Fax: +1 202 736 1937 justin.r.pierce@frb.gov
Y1  - 2012///0,
PY  - 2012
DA  - 0, 2012
SP  - 61
EP  - 96
PB  - IOS Press, Amsterdam The Netherlands
VL  - 37
IS  - 1-2
SN  - 0747-9662, 0747-9662
KW  - International trade, industry classification
KW  - Algorithms
KW  - International Trade
KW  - article
KW  - 2460: policy, planning, forecasting; social indicators
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Asocabs&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Journal+of+Economic+and+Social+Measurement&rft.atitle=A+concordance+between+ten-digit+U.S.+harmonized+system+codes+and+SIC%2FNAICS+product+classes+and+industries&rft.au=Pierce%2C+Justin+R%3BSchott%2C+Peter+K&rft.aulast=Pierce&rft.aufirst=Justin&rft.date=2012-01-01&rft.volume=37&rft.issue=1-2&rft.spage=61&rft.isbn=&rft.btitle=&rft.title=Journal+of+Economic+and+Social+Measurement&rft.issn=07479662&rft_id=info:doi/10.3233%2FJEM-2012-0351
LA  - English
DB  - Sociological Abstracts
N1  - Date revised - 2013-05-01
N1  - Last updated - 2016-09-28
N1  - CODEN - JEMEEZ
N1  - SubjectsTermNotLitGenreText - International Trade; Algorithms
DO  - http://dx.doi.org/10.3233/JEM-2012-0351
ER  - 



TY  - BOOK
T1  - The Federal Reserve's Portfolio and Its Effects on Mortgage Markets
AN  - 1315875803; 2011-383614
AB  - Provides an empirical analysis of the effects of the Federal Reserve's asset holdings on mortgage-backed securities (MBS) yields and mortgage rates. The Federal Reserve's portfolio holdings influence mortgage markets, through both a "portfolio balancing channel" and an "excess reserves" channel. These two channels can work in opposite directions and their magnitudes are difficult to estimate, but on net, larger Federal Reserve's portfolio holdings seem to have placed a significant downward influence on MBS yields and mortgage rates. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, 2012, 31 pp.
AU  - Hancock, Diana
AU  - Passmore, Wayne
Y1  - 2012///0,
PY  - 2012
DA  - 0, 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Assets
KW  - Federal reserve system
KW  - Markets
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875803?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Hancock%2C+Diana%3BPassmore%2C+Wayne&rft.aulast=Hancock&rft.aufirst=Diana&rft.date=2012-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Federal+Reserve%27s+Portfolio+and+Its+Effects+on+Mortgage+Markets&rft.title=The+Federal+Reserve%27s+Portfolio+and+Its+Effects+on+Mortgage+Markets&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201222/201222pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-22
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Using Policy Intervention to Identify Financial Stress
AN  - 1315875222; 2011-383630
AB  - This paper describes the construction of a financial stress index. This stress index differs from other indexes in that it incorporates the co-movement and volatility of financial series as well as the levels of the series. This index also uses past experience more than others to guide the assessment about which characteristics of the data suggest financial stress exists. In addition to describing the construction of the financial stress index, the paper discusses issues relevant to the general construction of stress indexes. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, 2012, 23 pp.
AU  - Carlson, Mark A
AU  - Lewis, Kurt F
AU  - Nelson, William R
Y1  - 2012///0,
PY  - 2012
DA  - 0, 2012
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Information services and sources
KW  - Business and service sector - Business finance
KW  - Indexes
KW  - Finance
KW  - Federal reserve system
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875222?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carlson%2C+Mark+A%3BLewis%2C+Kurt+F%3BNelson%2C+William+R&rft.aulast=Carlson&rft.aufirst=Mark&rft.date=2012-01-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Using+Policy+Intervention+to+Identify+Financial+Stress&rft.title=Using+Policy+Intervention+to+Identify+Financial+Stress&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201202/201202pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2012
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-02
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - The Importance Of Anti-Discrimination And Workers' Compensation Laws On The Provision Of Workplace Accommodations Following The Onset Of A Disability
AN  - 1081863018; 201235635
AB  - The Americans with Disabilities Act of 1990 (ADA) was the first federal disability-based anti-discrimination law that applied to a broad range of workers. Whereas some studies have focused on its impact on workplace accommodation, this is the first to do so while accounting for previous state anti-discrimination and Workers' Compensation laws. Using data from the Health and Retirement Study, the authors find that prior to the implementation of the ADA, employers were more likely to accommodate workers if their disability onset was work-related and hence likely to be covered by Workers' Compensation laws. State anti-discrimination laws significantly increased accommodations to workers whose disabilities were not work-related, effectively bringing their accommodation rates in line with workers whose disabilities were. Though implementation of the ADA increased accommodation for all workers, the authors point out that failure to account for pre-existing state anti-discrimination and Workers' Compensation laws will underestimate its effect. Adapted from the source document.
JF  - Industrial and Labor Relations Review
AU  - Burkhauser, Richard V
AU  - Schmeiser, Maximilian D
AU  - Weathers, Robert R, II
AD  - Economist, Federal Reserve Board of Governor
Y1  - 2012/01//
PY  - 2012
DA  - January 2012
SP  - 161
EP  - 180
PB  - Cornell University, Ithaca NY
VL  - 65
IS  - 1
SN  - 0019-7939, 0019-7939
KW  - Workers
KW  - Physically Handicapped
KW  - Health
KW  - Law
KW  - Workplaces
KW  - Retirement
KW  - article
KW  - 0621: complex organization; jobs, work organization, workplaces, & unions
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LA  - English
DB  - Sociological Abstracts
N1  - Date revised - 2012-10-01
N1  - Last updated - 2016-09-28
N1  - CODEN - ILREAQ
N1  - SubjectsTermNotLitGenreText - Workers; Physically Handicapped; Law; Workplaces; Health; Retirement
ER  - 



TY  - BOOK
T1  - Inflation Risk Premium: Evidence from the TIPS market
AN  - 1738473535; 2011-383627
AB  - "Inflation-indexed securities would appear to be the most direct source of information about inflation expectations and real interest rates" (Bernanke, 2004). This paper studies the term structure of real interest rates, expected inflation, and inflation risk premia using data on prices of Treasury Inflation Protected Securities (TIPS) over the period 2000-2008. It finds that the inflation risk premium is time-varying: it is negative (positive) in the first (second) half of the sample period. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Dec 9 2011, 46 pp.
AU  - Grishchenko, Olesya V
AU  - Huang, Jing-zhi
Y1  - 2011/12/09/
PY  - 2011
DA  - 2011 Dec 09
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Public safety and security
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business finance
KW  - Securities
KW  - Interest rates
KW  - Risk
KW  - Bernanke, Ben Shalom
KW  - Prices
KW  - Treasury
KW  - Inflation
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473535?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Grishchenko%2C+Olesya+V%3BHuang%2C+Jing-zhi&rft.aulast=Grishchenko&rft.aufirst=Olesya&rft.date=2011-12-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Inflation+Risk+Premium%3A+Evidence+from+the+TIPS+market&rft.title=Inflation+Risk+Premium%3A+Evidence+from+the+TIPS+market&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201206/201206pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-06
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Supply Constraints and Housing Market Dynamics
AN  - 1315875228; 2011-383631
AB  - Although the volatility of house prices is often ascribed to demand-side factors, constraints on housing supply have important and little-studied implications for housing dynamics. This study illustrates the strong relationship in city-level data between the volatility of house prices and the regulation of new housing supply. It then employs a dynamic structural model of housing investment to estimate the effect of supply constraints on both the level of new construction and the responsiveness of investment to house prices. It finds that supply constraints increase volatility through two channels. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Dec 1 2011, 63 pp.
AU  - Paciorek, Andrew D
Y1  - 2011/12/01/
PY  - 2011
DA  - 2011 Dec 01
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Social conditions and policy - Housing
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - Investments
KW  - Housing
KW  - Prices
KW  - Regulation
KW  - Federal reserve system
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1315875228?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Paciorek%2C+Andrew+D&rft.aulast=Paciorek&rft.aufirst=Andrew&rft.date=2011-12-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Supply+Constraints+and+Housing+Market+Dynamics&rft.title=Supply+Constraints+and+Housing+Market+Dynamics&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201201/201201pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-01
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - A Concordance between Ten-Digit U.S. Harmonized System Codes and SIC/NAICS Product Classes and Industries
AN  - 1315875165; 2011-383621
AB  - While the relationship between international trade and domestic economic activity is an important topic in economics, research has been slowed due to data limitations. This study provides tools that improve the existing data in two ways: (1) An algorithm that yields concordances between the ten-digit Harmonized System (HS) codes used to classify products in US international trade and the Standard Industrial Classification (SIC) and North American Industrial Classification System (NAICS) industry codes used to classify domestic economic activity and (2) concordances between HS codes and the SIC and NAICS product classes used to classify US manufacturing production. Tables.
JF  - Board of Governors of the Federal Reserve System System, Dec 2011, 33 pp.
AU  - Pierce, Justin R
AU  - Schott, Peter K
Y1  - 2011/12//
PY  - 2011
DA  - December 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Trade and trade policy - Export-import trade
KW  - Manufacturing and heavy industry - Industry and industrial policy
KW  - Economic conditions and policy - Economic research
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - Manufacturing and heavy industry - Manufacturing and manufactured goods
KW  - United States
KW  - Classification
KW  - Production
KW  - Manufacturing
KW  - Standards
KW  - Federal reserve system
KW  - Economic research
KW  - Export-import trade
KW  - Industry
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Pierce%2C+Justin+R%3BSchott%2C+Peter+K&rft.aulast=Pierce&rft.aufirst=Justin&rft.date=2011-12-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=A+Concordance+between+Ten-Digit+U.S.+Harmonized+System+Codes+and+SIC%2FNAICS+Product+Classes+and+Industries&rft.title=A+Concordance+between+Ten-Digit+U.S.+Harmonized+System+Codes+and+SIC%2FNAICS+Product+Classes+and+Industries&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201215/201215pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2013-03-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-15
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Third Quarter, 2011
AN  - 914942543
AB  - Comerica Inc, Dallas, TX, (Comerica), a financial holding company within the meaning of the Bank Holding Company Act (BHC Act), has requested the Board's approval under section 3 of the BHC Act to acquire Sterling Bancshares Inc (Sterling) and thereby indirectly acquire its subsidiary bank, Sterling Bank, both of Houston, TX. Comerica, with total consolidated assets of approximately $55.2 billion, is the 32nd largest depository organization in the US, controlling deposits of approximately $41.1 billion, which represent less than 1% of the total amount of deposits of insured depository institutions in the US. Sterling has total consolidated assets of approximately $5.1 billion and Sterling Bank operates only in Texas. Sterling is the 14th largest depository organization in the Texas, controlling deposits of approximately $4.1 billion. Based on all the facts of record, the Board has concluded that consummation of the proposal would not have a significantly adverse effect on competition or on the concentration of resources in any of the banking markets where the subsidiary depository institutions of Comerica and Sterling compete directly or in any other relevant banking market.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2011/11//
PY  - 2011
DA  - Nov 2011
SP  - 1
EP  - 16
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 97
IS  - 5
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Banks
KW  - Acquisitions & mergers
KW  - Competition
KW  - Proposals
KW  - Bank Holding Company Act 1956-US
KW  - United States--US
KW  - 8100:Financial services industry
KW  - 2330:Acquisitions & mergers
KW  - 9190:United States
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914942543?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Third+Quarter%2C+2011&rft.au=Anonymous&rft.aulast=Anonymous&rft.aufirst=&rft.date=2011-11-01&rft.volume=97&rft.issue=5&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - Comerica Inc; Sterling Bank-Houston TX
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Nov 2011
N1  - Document feature - Tables
N1  - Last updated - 2012-04-18
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and Emerging from the Financial Crisis
AN  - 1738474543; 2011-383615
AB  - This paper examines the link between the federal funds and repo markets, before, during, and emerging from the financial crisis that began in August 2007. It investigates the initial transmission of monetary policy to closely related money markets, pricing of risk, and liquidity effects, and then shows how these could interact if the Federal Reserve removes the substantial amount of liquidity currently in the federal funds market. The results suggest that pass-through from the federal funds rate to the repo deteriorated somewhat during the zero lower bound period, likely due to limits to arbitrage and idiosyncratic market factors. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Nov 2011, 54 pp.
AU  - Bech, Morten L
AU  - Klee, Elizabeth
AU  - Stebunovs, Viktors
Y1  - 2011/11//
PY  - 2011
DA  - November 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Banking and public and private finance - Public finance
KW  - Finance
KW  - Arbitrage
KW  - Money market
KW  - Economic conditions
KW  - Markets
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474543?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bech%2C+Morten+L%3BKlee%2C+Elizabeth%3BStebunovs%2C+Viktors&rft.aulast=Bech&rft.aufirst=Morten&rft.date=2011-11-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Arbitrage%2C+Liquidity+and+Exit%3A+The+Repo+and+Federal+Funds+Markets+Before%2C+During%2C+and+Emerging+from+the+Financial+Crisis&rft.title=Arbitrage%2C+Liquidity+and+Exit%3A+The+Repo+and+Federal+Funds+Markets+Before%2C+During%2C+and+Emerging+from+the+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201221/201221pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-21
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: Second Quarter, 2011
AN  - 905968023
AB  - Hancock Holding Co, Gulfport, MS, has requested the Board's approval under section 3 of the Bank Holding Company Act (BHC Act) to acquire Whitney Holding Corp and indirectly acquire Whitney's wholly owned subsidiary bank, Whitney National Bank, both of New Orleans, LA. Notice of the proposal, affording interested persons an opportunity to submit comments, has been published. The time for filing comments has expired, and the Board has considered the application and all comments received in light of the factors set forth in the BHC Act. Based on the foregoing, and in light of all the facts of record, the Board has determined that the application should be, and hereby is, approved. The Board's approval is specifically conditioned on compliance by the applicant with the conditions in this order and all the commitments made to the Board in connection with the proposal.
JF  - Federal Reserve Bulletin
AU  - Anonymous
Y1  - 2011/10//
PY  - 2011
DA  - Oct 2011
SP  - 1
EP  - 57
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 97
IS  - 4
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank holding companies
KW  - Bank Holding Company Act 1956-US
KW  - Regulatory approval
KW  - Bank acquisitions & mergers
KW  - United States--US
KW  - 8110:Commercial banking services
KW  - 2330:Acquisitions & mergers
KW  - 4310:Regulation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System 2011
N1  - Document feature - Tables; References
N1  - Last updated - 2012-04-13
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Misallocation and Financial Market Frictions: Some Direct Evidence from the Dispersion in Borrowing Costs
AN  - 1738473483; 2011-383626
AB  - Financial market frictions distort the allocation of resources among productive units -- all else equal, firms whose financing choices are affected by financial frictions face higher borrowing costs than firms with ready access to capital markets. As a result, input choices may differ systematically across firms in ways that are unrelated to their productive efficiency. This study proposes a simple accounting framework that allows for the assessment of the empirical magnitude of the loss in aggregate resources due to such misallocation. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Sep 23 2011, 19 pp.
AU  - Gilchrist, Simon
AU  - Sim, Jae W
AU  - Zakrajsek, Egon
Y1  - 2011/09/23/
PY  - 2011
DA  - 2011 Sep 23
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic theory
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Cost
KW  - Capital
KW  - Markets
KW  - Accounting
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gilchrist%2C+Simon%3BSim%2C+Jae+W%3BZakrajsek%2C+Egon&rft.aulast=Gilchrist&rft.aufirst=Simon&rft.date=2011-09-23&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Misallocation+and+Financial+Market+Frictions%3A+Some+Direct+Evidence+from+the+Dispersion+in+Borrowing+Costs&rft.title=Misallocation+and+Financial+Market+Frictions%3A+Some+Direct+Evidence+from+the+Dispersion+in+Borrowing+Costs&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2012/201208/201208pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2012-08
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Firm Default and Aggregate Fluctuations
AN  - 1738474465; 2011-157427
AB  - This paper studies the relationship between macroeconomic fluctuations and corporate defaults while conditioning on industry affiliation and an extensive set of firm-specific factors. By using a panel data set for virtually all incorporated Swedish businesses over 1990-2009, a period which includes a full-scale banking crisis, it finds strong evidence for a substantial and stable impact from aggregate fluctuations on business defaults. The analysis shows that firm-specific factors are useful in ranking firms' relative riskiness, but that macroeconomic factors are necessary to understand fluctuations in the absolute risk level. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System, Aug 22 2011, 43 pp.
AU  - Jacobson, Tor
AU  - Linde
AU  - Roszbach, Kasper
Y1  - 2011/08/22/
PY  - 2011
DA  - 2011 Aug 22
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business and business enterprises
KW  - Economic conditions and policy - Economic theory
KW  - Banking and public and private finance - Banking operations and services
KW  - Social conditions and policy - Public safety and security
KW  - Risk
KW  - Corporations
KW  - Business
KW  - Macroeconomics
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474465?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1029/ifdp1029.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1029
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Unreliability of Credit-to-GDP Ratio Gaps in Real-time: Implications for Countercyclical Capital Buffers
AN  - 914786789; 2011-157409
AB  - Macroeconomists have long recognized that activity-gap measures are unreliable in real time and that this can present serious difficulties for stabilization policy. This paper investigates whether the credit-to-GDP ratio gap, which has been proposed as a reference point for accumulating countercyclical capital buffers, is subject to similar problems. Ex-post revisions to the US credit-to-GDP ratio gap are sizable and as large as the gap itself, and the main source of these revisions stems from the unreliability of end-of-sample estimates of the series' trend rather than from revised estimates of the underlying data. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 21 2011, 31 pp.
AU  - Edge, Rochelle M
AU  - Meisenzahl, Ralf R
Y1  - 2011/08/21/
PY  - 2011
DA  - 2011 Aug 21
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Property and wealth
KW  - United States
KW  - Gross national product
KW  - Economics
KW  - Macroeconomics
KW  - Capital
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914786789?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2011/201137/201137pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-37
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Belief Dispersion among Household Investors and Stock Trading Volume
AN  - 914786848; 2011-157407
AB  - Studies the effects of belief dispersion on stock trading volume. Unlike most of the existing work on the subject, this paper focuses on how household investors' disagreements on macroeconomic variables influence market-wide trading volume. It shows that greater belief dispersion among household investors is associated with significantly higher trading volume, even after controlling for the disagreements among professional forecasters. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Aug 13 2011, 32 pp.
AU  - Li, Dan
AU  - Li, Geng
Y1  - 2011/08/13/
PY  - 2011
DA  - 2011 Aug 13
PB  - Board of Governors of the Federal Reserve System System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Banking and public and private finance - Investments and securities
KW  - Economic conditions and policy - Economic theory
KW  - Investors
KW  - Households
KW  - Macroeconomics
KW  - Stocks
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914786848?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Li%2C+Dan%3BLi%2C+Geng&rft.aulast=Li&rft.aufirst=Dan&rft.date=2011-08-13&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Belief+Dispersion+among+Household+Investors+and+Stock+Trading+Volume&rft.title=Belief+Dispersion+among+Household+Investors+and+Stock+Trading+Volume&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201139/201139pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-39
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Examining the Impact of Credit Access on Small Firm Survivability
AN  - 914786796; 2011-157411
AB  - This paper examines the effects of credit availability on small firm survivability over the period 2004 to 2008 for non-publicly traded small enterprises. Using data from the 2003 Survey of Small Business Finances, it develops failure prediction models for a sample of small firms that were confirmed to have been in business as of December 2003, with particular attention to the impact of credit constraints. It finds that credit constrained firms were significantly more likely to go out of business than nonconstrained firms. Tables, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 9 2011, 37 pp.
AU  - Mach, Traci L
AU  - Wolken, John D
Y1  - 2011/08/09/
PY  - 2011
DA  - 2011 Aug 09
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business and business enterprises
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Business
KW  - Credit
KW  - Surveys
KW  - Small business
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914786796?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Mach%2C+Traci+L%3BWolken%2C+John+D&rft.aulast=Mach&rft.aufirst=Traci&rft.date=2011-08-09&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Examining+the+Impact+of+Credit+Access+on+Small+Firm+Survivability&rft.title=Examining+the+Impact+of+Credit+Access+on+Small+Firm+Survivability&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201135/201135pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-35
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - ABS Inflows to the United States and the Global Financial Crisis
AN  - 1738474509; 2011-157428
AB  - The "global saving glut" (GSG) hypothesis argues that the surge in capital inflows from emerging market economies to the US led to significant declines in long-term interest rates in the US and other industrial economies. These lower interest rates, when combined with both innovations and deficiencies of the US credit market, are believed to have contributed to the US housing bubble and to the buildup in financial vulnerabilities. This report describes how capital flows contributed to the crisis, drawing attention to the sizable inflows from European investors into US private-label asset-backed securities, including mortgage-backed securities and other structured investment products. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Aug 5 2011, 48 pp.
AU  - Bertaut, Carol
AU  - DeMarco, Laurie Pounder
AU  - Kamin, Steve
AU  - Tryon, Ralph
Y1  - 2011/08/05/
PY  - 2011
DA  - 2011 Aug 05
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Social conditions and policy - Housing
KW  - Banking and public and private finance - Investments and securities
KW  - Interest rates
KW  - United States
KW  - Investments
KW  - Housing
KW  - Finance
KW  - Credit
KW  - Capital
KW  - Investors
KW  - Saving
KW  - Markets
KW  - Economic conditions
KW  - Developing countries
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474509?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bertaut%2C+Carol%3BDeMarco%2C+Laurie+Pounder%3BKamin%2C+Steve%3BTryon%2C+Ralph&rft.aulast=Bertaut&rft.aufirst=Carol&rft.date=2011-08-05&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=ABS+Inflows+to+the+United+States+and+the+Global+Financial+Crisis&rft.title=ABS+Inflows+to+the+United+States+and+the+Global+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1028/ifdp1028.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1028
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Subprime Crisis: Is Government Housing Policy to Blame?
AN  - 914786793; 2011-157410
AB  - A growing literature suggests that housing policy, embodied by the Community Reinvestment Act (CRA) and the affordable housing goals of the government sponsored enterprises (GSEs), may have caused the subprime crisis. This paper examines whether these programs were associated with worse outcomes in the mortgage market, including delinquency rates and measures of loan quality. It finds little evidence that either the CRA or the GSE goals played a significant role in the subprime crisis. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Aug 3 2011, 29 pp.
AU  - Avery, Robert B
AU  - Brevoort, Kenneth P
Y1  - 2011/08/03/
PY  - 2011
DA  - 2011 Aug 03
PB  - Board of Governors of the Federal Reserve System System
KW  - Law and ethics - Law and jurisprudence
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Social conditions and policy - Housing
KW  - Housing
KW  - Loans
KW  - Markets
KW  - Housing policy
KW  - Legislation
KW  - Mortgages
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914786793?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Avery%2C+Robert+B%3BBrevoort%2C+Kenneth+P&rft.aulast=Avery&rft.aufirst=Robert&rft.date=2011-08-03&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Subprime+Crisis%3A+Is+Government+Housing+Policy+to+Blame%3F&rft.title=The+Subprime+Crisis%3A+Is+Government+Housing+Policy+to+Blame%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201136/201136pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-36
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Housing Wealth and Consumption
AN  - 914786986; 2011-157429
AB  - Housing wealth is about one half of household net worth, and consumption is a considerable fraction (about two thirds) of Gross Domestic Product in the US. Empirically, movements in housing wealth are associated with movements in consumption in the same direction. A sizeable portion of the comovement between housing wealth and consumption reflects common factors driving both variables, rather than the "wealth effect" of the former on the latter; however, a growing body of evidence suggests that the comovement is larger in developed financial markets and in the presence of liquidity constraints. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Aug 2011, 13 pp.
AU  - Iacoviello, Matteo
Y1  - 2011/08//
PY  - 2011
DA  - August 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Consumers and consumption
KW  - Social conditions and policy - Housing
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Population groups, population policy, and demographics - Demography and census
KW  - United States
KW  - Housing
KW  - Households
KW  - Consumption
KW  - Wealth
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914786986?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Iacoviello%2C+Matteo&rft.aulast=Iacoviello&rft.aufirst=Matteo&rft.date=2011-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Housing+Wealth+and+Consumption&rft.title=Housing+Wealth+and+Consumption&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1027/ifdp1027.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1027
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Designing Disclosures to Inform Consumer Financial Decisionmaking: Lessons Learned from Consumer Testing
AN  - 886041515
AB  - The Federal Reserve Board has studied ways to improve the information and materials -- including required disclosures -- that consumers draw on when they purchase and use financial products and services. As part of its regulatory development process, the Board has used qualitative and quantitative research methods in controlled environments to create new disclosures and to test them for their ability to enhance consumer understanding of a wide range of financial products and services. These findings also reveal some of the limitations of disclosures, including the difficulty of making complex concepts or products understandable to consumers. In addition to the limitations revealed by testing in a controlled environment, the impact of disclosures on consumer decision making in actual financial transactions is likely to be affected by other factors, such as the context in which the disclosure is delivered and the behavior of suppliers.
JF  - Federal Reserve Bulletin
AU  - Hogarth, Jeanne M
AU  - Merry, Ellen A
Y1  - 2011/08//
PY  - 2011
DA  - Aug 2011
SP  - 1
EP  - 27
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 97
IS  - 3
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Disclosure
KW  - Standardization
KW  - Testing
KW  - Consumers
KW  - Decision making
KW  - Financial instruments
KW  - Qualitative research
KW  - United States--US
KW  - 3400:Investment analysis & personal finance
KW  - 5400:Research & development
KW  - 9190:United States
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/886041515?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Designing+Disclosures+to+Inform+Consumer+Financial+Decisionmaking%3A+Lessons+Learned+from+Consumer+Testing&rft.au=Hogarth%2C+Jeanne+M%3BMerry%2C+Ellen+A&rft.aulast=Hogarth&rft.aufirst=Jeanne&rft.date=2011-08-01&rft.volume=97&rft.issue=3&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System Aug 2011
N1  - Document feature - References; Tables; Illustrations
N1  - Last updated - 2012-04-18
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - The Revealed Competitiveness of U.S. Exports
AN  - 1738474605; 2011-157430
AB  - The US share of world merchandise exports has declined sharply over the last decade. Using data at the level of detailed industries, this paper analyzes the decline in US share against the backdrop of alternative measures of the competitiveness of the US economy. The analysis suggests that the dismal performance of the US market share is not a sufficient statistic for competitiveness. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 2011, 16 pp.
AU  - Del Gatto, Massimo
AU  - de Mauro, Filippo
AU  - Gruber, Joseph
AU  - Mandel, Benjamin R
Y1  - 2011/08//
PY  - 2011
DA  - August 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Trade and trade policy - Export-import trade
KW  - Business and service sector - Business finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - United States
KW  - Statistics
KW  - Market share
KW  - Export-import trade
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474605?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Del+Gatto%2C+Massimo%3Bde+Mauro%2C+Filippo%3BGruber%2C+Joseph%3BMandel%2C+Benjamin+R&rft.aulast=Del+Gatto&rft.aufirst=Massimo&rft.date=2011-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=The+Revealed+Competitiveness+of+U.S.+Exports&rft.title=The+Revealed+Competitiveness+of+U.S.+Exports&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1026/ifdp1026.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1026
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Evaluating the Forecasting Performance of Commodity Futures Prices
AN  - 1738474589; 2011-157431
AB  - Commodity futures prices are frequently criticized as being uninformative for forecasting purposes because (1) they seem to do no better than a random walk or an extrapolation of recent trends and (2) futures prices for commodities often trace out a relatively flat trajectory even though global demand is steadily increasing. This paper finds that futures prices have generally outperformed a random walk forecast, but not by a large margin, while both futures and a random walk noticeably outperform a simple extrapolation of recent trends (a random walk with drift). Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Aug 2011, 19 pp.
AU  - Reeve, Trevor A
AU  - Vigfusson, Robert J
Y1  - 2011/08//
PY  - 2011
DA  - August 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business finance
KW  - Prices
KW  - Forecasting
KW  - Commodity options
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474589?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Reeve%2C+Trevor+A%3BVigfusson%2C+Robert+J&rft.aulast=Reeve&rft.aufirst=Trevor&rft.date=2011-08-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Evaluating+the+Forecasting+Performance+of+Commodity+Futures+Prices&rft.title=Evaluating+the+Forecasting+Performance+of+Commodity+Futures+Prices&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1025/ifdp1025.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1025
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Optimal Monetary Policy in an Operational Medium-Sized DSGE Model
AN  - 914787244; 2011-157433
AB  - Demonstrates how to construct optimal policy projections in Ramses, the Riksbank's open-economy medium-sized dynamic stochastic general equilibrium (DSGE) model for forecasting and policy analysis. This report discusses how monetary policy, and in particular the choice of output gap measure, affects the transmission of shocks. Finally, it uses the model to assess the recent Great Recession in the world economy and how its impact on the economic development in Sweden depends on the conduct of monetary policy. This provides an illustration on how Rames incoporates large international spillover effects. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Jul 2011, 46 pp.
AU  - Adolfson, Malin
AU  - Laseen, Stefan
AU  - Linde, Jesper
AU  - Svensson, Lars E O
Y1  - 2011/07//
PY  - 2011
DA  - July 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Public finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Economic conditions and policy - Economic conditions
KW  - Economic development
KW  - Forecasting
KW  - Economic conditions
KW  - Monetary policy
KW  - Sweden
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914787244?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Adolfson%2C+Malin%3BLaseen%2C+Stefan%3BLinde%2C+Jesper%3BSvensson%2C+Lars+E+O&rft.aulast=Adolfson&rft.aufirst=Malin&rft.date=2011-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Optimal+Monetary+Policy+in+an+Operational+Medium-Sized+DSGE+Model&rft.title=Optimal+Monetary+Policy+in+an+Operational+Medium-Sized+DSGE+Model&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1023/ifdp1023.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1023
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - U.S. Domestic and International Financial Reform Policy: Are G20 Commitments and the Dodd-Frank Act in Sync?
AN  - 1738474600; 2011-157432
AB  - The Dodd-Frank Act of 2010 is the keystone policy response directed at reforming US financial system activities and oversight in the wake of the 2007-2009 financial crisis. The US also has financial system reform policy commitments in the international arena, including in particular by virtue of its membership in the G20. This analysis considers US policy initiatives related to a core dimension of financial system reform: risks posed by systemically important financial institutions (SIFIs). Tables, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2011, 57 pp.
AU  - Nolle, Daniel E
Y1  - 2011/07//
PY  - 2011
DA  - July 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Law and ethics - Law and jurisprudence
KW  - International relations - International organizations
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Social conditions and policy - Public safety and security
KW  - Business and service sector - Business finance
KW  - United States
KW  - Risk
KW  - Economic change
KW  - Finance
KW  - International finance
KW  - Group of twenty (organization)
KW  - Economic policy
KW  - Economic conditions
KW  - Legislation
KW  - book
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L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1024/ifdp1024.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1024
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Forecasting the Price of Oil
AN  - 1738473475; 2011-157434
AB  - Addresses some of the key questions that arise in forecasting the price of crude oil. This study investigates (1) what applied forecasters need to know about the choice of sample period and about the tradeoffs between alternative oil price series and model specifications; (2) whether the real or nominal oil prices are predictable based on macroeconomic aggregates; (3) whether the predictability translates into gains in out-of-sample forecast accuracy compared with conventional no-change forecasts; and (4) the usefulness of oil futures markets in forecasting the price of oil, as well as other related questions. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jul 2011, 116 pp.
AU  - Alquist, Ron
AU  - Kilian, Lutz
AU  - Vigfusson, Robert J
Y1  - 2011/07//
PY  - 2011
DA  - July 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Business finance
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Banking and public and private finance - Investments and securities
KW  - Energy resources and policy - Petroleum and natural gas industries and products
KW  - Economic conditions and policy - Economic theory
KW  - Petroleum industry
KW  - Prices
KW  - Macroeconomics
KW  - Futures
KW  - Forecasting
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473475?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Alquist%2C+Ron%3BKilian%2C+Lutz%3BVigfusson%2C+Robert+J&rft.aulast=Alquist&rft.aufirst=Ron&rft.date=2011-07-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Forecasting+the+Price+of+Oil&rft.title=Forecasting+the+Price+of+Oil&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1022/ifdp1022.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1022
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Quantitative Easing and Bank Lending: Evidence from Japan
AN  - 914787254; 2011-157438
AB  - Prior to the recent financial crisis, one of the most prominent examples of unconventional monetary stimulus was Japan's "quantitative easing policy" (QEP). Most analysts agree that QEP did not succeed in stimulating aggregate demand sufficiently to overcome persistent deflation; however, it remains unclear whether QEP simply provided little stimulus, or whether its positive effects were overwhelmed by the contractionary forces in Japan's post-bubble economy. This report identifies a significant effect of bank liquidity positions on lending, suggesting that the expansion of reserves associated with QEP slightly boosted the flow of credit. Tables, Figures, Appendixes, References.
JF  - Board of Governors of the Federal Reserve System System, Jun 2011, 31 pp.
AU  - Bowman, David
AU  - Cai, Fang
AU  - Davies, Sally
AU  - Kamin, Steven
Y1  - 2011/06//
PY  - 2011
DA  - June 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Banking operations and services
KW  - Economic conditions and policy - Economic conditions
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Business and service sector - Business finance
KW  - Bank loans
KW  - Finance
KW  - Deflation
KW  - Credit
KW  - Economic conditions
KW  - Banking
KW  - Japan
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914787254?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bowman%2C+David%3BCai%2C+Fang%3BDavies%2C+Sally%3BKamin%2C+Steven&rft.aulast=Bowman&rft.aufirst=David&rft.date=2011-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Quantitative+Easing+and+Bank+Lending%3A+Evidence+from+Japan&rft.title=Quantitative+Easing+and+Bank+Lending%3A+Evidence+from+Japan&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1018/ifdp1018.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1018
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Limited Market Participation and Asset Prices in the Presence of Earnings Management
AN  - 914787250; 2011-157437
AB  - Examines the role of earnings management in explaining the properties of asset prices and stock market participation. It demonstrate that investors' uncertainty about the extent of manipulation can cause excess movements in stock price relative to fluctuations in output. This model suggests that the increasing stringency of corporate governance and varying composition of investors may have played a role in the contemporaneous run-up of market participation rates in the recent years. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Jun 2011, 40 pp.
AU  - Sun, Bo
Y1  - 2011/06//
PY  - 2011
DA  - June 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Business finance
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Business management
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Business organization and administration
KW  - Corporate governance
KW  - Investors
KW  - Management
KW  - Assets
KW  - Prices
KW  - Stocks
KW  - Stock market
KW  - Property
KW  - Markets
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914787250?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Sun%2C+Bo&rft.aulast=Sun&rft.aufirst=Bo&rft.date=2011-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Limited+Market+Participation+and+Asset+Prices+in+the+Presence+of+Earnings+Management&rft.title=Limited+Market+Participation+and+Asset+Prices+in+the+Presence+of+Earnings+Management&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1019/ifdp1019.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1019
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Trade Credit and International Trade during the 2008-09 Global Financial Crisis
AN  - 914787248; 2011-157436
AB  - This paper studies the role of the credit crunch in the severe contraction of trade and economic activity at the height of the 2008-2009 global financial crisis, using firm-level data from six emerging market economies in Asia. The results indicate, among other findings, that although the fall in demand adversely affected the sales of all firms during the crisis, sales declined by less for firms with better pre-crisis financial conditions. These findings point to the presence of credit frictions among the factors that contributed to the disproportionately large decline in international trade during the crisis. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System System, Jun 2011, 37 pp.
AU  - Coulibaly, Brahima
AU  - Sapriza, Horacio
AU  - Zlate, Andrei
Y1  - 2011/06//
PY  - 2011
DA  - June 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Trade and trade policy - Export-import trade
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Economic theory
KW  - Sales
KW  - Finance
KW  - Economics
KW  - Credit
KW  - Asia
KW  - Economic conditions
KW  - Developing countries
KW  - Export-import trade
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Coulibaly%2C+Brahima%3BSapriza%2C+Horacio%3BZlate%2C+Andrei&rft.aulast=Coulibaly&rft.aufirst=Brahima&rft.date=2011-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Trade+Credit+and+International+Trade+during+the+2008-09+Global+Financial+Crisis&rft.title=Trade+Credit+and+International+Trade+during+the+2008-09+Global+Financial+Crisis&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1020/ifdp1020.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1020
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Legal Developments: First Quarter, 2011
AN  - 873528883
AB  - First Niagara Financial Group Inc ("FNF Group") and FNFG Merger Sub Inc ("FNFG"), a wholly owned subsidiary of FNF Group, both of Buffalo, New York, have requested the Board's approval under section 3 of the Bank Holding Company Act ("BHC Act") to acquire NewAlliance Bancshares Inc ("NewAlliance") and its subsidiary bank, NewAlliance Bank, both of New Haven, CT. Section 3(d) of the BHC Act allows the Board to approve an application by a bank holding company to acquire control of a bank located in a state other than the bank holding company's home state if certain conditions are met. For purposes of the BHC Act, the home state of FNF Group is Pennsylvania, and NewAlliance is located in Connecticut and Massachusetts. Based on a review of all the facts of record, including relevant state statutes, the Board finds that the conditions for an interstate acquisition enumerated in section 3(d) of the BHC Act are met in this case.
JF  - Federal Reserve Bulletin
AU  - Frierson, Robert deV
Y1  - 2011/06//
PY  - 2011
DA  - Jun 2011
SP  - 15
EP  - 35
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Bank Holding Company Act 1956-US
KW  - Bank acquisitions & mergers
KW  - United States--US
KW  - 2330:Acquisitions & mergers
KW  - 4320:Legislation
KW  - 9190:United States
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/873528883?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+First+Quarter%2C+2011&rft.au=Frierson%2C+Robert+deV&rft.aulast=Frierson&rft.aufirst=Robert&rft.date=2011-06-01&rft.volume=&rft.issue=&rft.spage=15&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Name - First Niagara Financial Group Inc; New Alliance Bancshares Inc; FNFG Merger Sub Inc
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System 2011
N1  - Document feature - References
N1  - Last updated - 2012-04-13
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - BOOK
T1  - Liquidity and Reserve Requirements in Brazil
AN  - 1738474480; 2011-157435
AB  - The international reform initiative that followed the global financial crisis of 2008-2009 has resulted in the introduction of liquidity requirements for banks. Under one requirement, the Liquidity Coverage Ratio (LCR) banks will need to hold enough highly liquid assets to survive for a month in a stress scenario. This reports examines the Brazilian experience prior to and during the global crisis as a case study that can shed light into the challenges of using reserve requirements as a liquidity management tool. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Jun 2011, 71 pp.
AU  - Robitaille, Patrice
Y1  - 2011/06//
PY  - 2011
DA  - June 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Banking operations and services
KW  - Business and service sector - Accounting
KW  - Economic conditions and policy - Property and wealth
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business management
KW  - Business and service sector - Business finance
KW  - Management
KW  - Finance
KW  - Assets
KW  - Brazil
KW  - Economic conditions
KW  - Banking
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474480?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Robitaille%2C+Patrice&rft.aulast=Robitaille&rft.aufirst=Patrice&rft.date=2011-06-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Liquidity+and+Reserve+Requirements+in+Brazil&rft.title=Liquidity+and+Reserve+Requirements+in+Brazil&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1021/ifdp1021.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1021
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Internal Migration in the United States
AN  - 914787489; 2011-157416
AB  - Reviews patterns in migration within the US over the past thirty years: Internal migration has fallen noticeably since the 1980s, reversing increases from earlier in the century. The study finds only limited roles for the housing market contraction and the economic recession in reducing migration recently. Despite its downward trend, migration within the US remains higher than that within most other developed countries. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 2011, 45 pp.
AU  - Molloy, Raven
AU  - Smith, Christopher L
AU  - Wozniak, Abigail
Y1  - 2011/05//
PY  - 2011
DA  - May 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Population groups, population policy, and demographics - Migrants and migration
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Housing
KW  - United States
KW  - Housing
KW  - Economics
KW  - Economic conditions
KW  - Markets
KW  - Migration
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914787489?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Molloy%2C+Raven%3BSmith%2C+Christopher+L%3BWozniak%2C+Abigail&rft.aulast=Molloy&rft.aufirst=Raven&rft.date=2011-05-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Internal+Migration+in+the+United+States&rft.title=Internal+Migration+in+the+United+States&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201130/201130pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-30
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - The Post-Foreclosure Experience of U.S. Households
AN  - 914786805; 2011-157414
AB  - Studies the post-foreclosure experience of US households using a unique dataset based on the credit reports of a large panel of individuals to from 1999 to 2010. Although foreclosure considerably raises the probability of moving, the majority of post-foreclosure migrants do not end up in substantially less desirable neighborhoods or more crowded living conditions. These results suggest that, on average, foreclosure does not impose an economic burden large enough to severely reduce housing consumption. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, May 2011, 38 pp.
AU  - Molloy, Raven
AU  - Shan, Hui
Y1  - 2011/05//
PY  - 2011
DA  - May 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Social conditions and policy - Housing
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Consumers and consumption
KW  - United States
KW  - Housing
KW  - Households
KW  - Economics
KW  - Credit
KW  - Consumption
KW  - Foreclosures
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914786805?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2011/201132/201132pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-32
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - Market structure and the pass-through of the federal funds rate
AN  - 866974774; 4192819
AB  - We study the effect of local market bank concentration on business loan originations and on the pass-through of the federal funds rate to business loan originations. Economic theory on the relationship between concentration and the pass-through of input prices to quantity (or price) is ambiguous. We find that more concentrated markets have lower business loan originations and experience smaller changes in business loan originations in response to changes in the federal funds rate. Our results support the idea that market concentration dampens quantity reactions to input price changes. All rights reserved, Elsevier
JF  - Journal of banking and finance
AU  - Adams, Robert M
AU  - Amel, D F
AD  - Board of Governors of the Federal Reserve System
Y1  - 2011/05//
PY  - 2011
DA  - May 2011
SP  - 1087
EP  - 1096
VL  - 35
IS  - 5
SN  - 0378-4266, 0378-4266
KW  - Economics
KW  - Federal funds rate
KW  - Loans
KW  - Market analysis
KW  - Bank operations
KW  - Economic concentration
KW  - U.S.A.
KW  - Monetary policy
KW  - Market structure
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LA  - English
DB  - International Bibliography of the Social Sciences (IBSS)
N1  - Date revised - 2013-06-12
N1  - Last updated - 2013-09-16
N1  - SubjectsTermNotLitGenreText - 7736 4014; 8217 3977 5574 10472; 1460 1477 4930 6590; 7487 4577 3872 554 971; 7715 3883 971; 3896 3921; 433 293 14
DO  - http://dx.doi.org/10.1016/j.jbankfin.2010.09.020
ER  - 



TY  - BOOK
T1  - Forecasting Recessions Using Stall Speeds
AN  - 1738474443; 2011-157421
AB  - This paper presents evidence that the economic stall speed concept has some empirical content, and can be moderately useful in forecasting recessions; specifically, output tends to transition to a slow-growth phase at the end of expansions before falling into a recession. While the switching models using output growth alone produce a considerable number of false positive recession signals, adding the slope of the yield curve, the percent change in housing starts, and the change in the unemployment rate to the model reduces false positives and improves recession forecasting. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Apr 14 2011, 42 pp.
AU  - Nalewaik, Jeremy J
Y1  - 2011/04/14/
PY  - 2011
DA  - 2011 Apr 14
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Economic conditions and policy - Economic theory
KW  - Social conditions and policy - Housing
KW  - Labor conditions and policy - Employment and labor supply
KW  - Housing
KW  - Unemployment
KW  - Economics
KW  - Forecasting
KW  - Economic conditions
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2011/201124/201124pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-24
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Investment, Accounting, and the Salience of the Corporate Income Tax
AN  - 1738474602; 2011-157425
AB  - This paper develops and tests the hypothesis that accounting rules mitigate the impact of tax policy on investment decisions by obscuring the timing of tax payments. Investment tax credits, which do affect accounting profits, have more impact on investment than accelerated depreciation, which does not. This difference in estimated impact is not obviously driven by discounting, cash flow effects, or measurement error, suggesting that the tax burden on corporate capital could be lower than otherwise estimated, and accelerated depreciation provisions are less effective than they otherwise would be. Tables, References.
JF  - Board of Governors of the Federal Reserve System, Mar 27 2011, 40 pp.
AU  - Edgerton, Jesse
Y1  - 2011/03/27/
PY  - 2011
DA  - 2011 Mar 27
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Taxation and tax policy
KW  - Science and technology policy - Mathematics
KW  - Business and service sector - Business finance
KW  - Economic conditions and policy - Property and wealth
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Banking operations and services
KW  - Income tax
KW  - Cash flow
KW  - Measurement
KW  - Depreciation
KW  - Investments
KW  - Profits
KW  - Capital
KW  - Tax policy
KW  - Accounting
KW  - Payment
KW  - Tax credits
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474602?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2011/201120/201120pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-20
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?
AN  - 1738474592; 2011-157424
AB  - Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on consumption or to default on their mortgages. This paper argues that these outcomes are more likely if ARM borrowers are borrowing constrained, and the study finds that ARM borrowers exhibit characteristics and behavior that are consistent with being borrowing constrained. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 7 2011, 18 pp.
AU  - Johnson, Kathleen W
AU  - Li, Geng
Y1  - 2011/03/07/
PY  - 2011
DA  - 2011 Mar 07
PB  - Board of Governors of the Federal Reserve System
KW  - Law and ethics - Real estate, property, and landlord and tenant law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Consumers and consumption
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Banking and public and private finance - Banking operations and services
KW  - Loans
KW  - Households
KW  - Consumption
KW  - Payment
KW  - Mortgages
KW  - book
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L2  - http://www.federalreserve.gov/pubs/feds/2011/201121/201121pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-21
N1  - Last updated - 2016-09-28
ER  - 



TY  - JOUR
T1  - The Mortgage Market in 2010: Highlights from the Data Reported under the Home Mortgage Disclosure Act
AN  - 896032664
AB  - The Home Mortgage Disclosure Act of 1975 (HMDA) is a consumer protection statute requiring most mortgage lending institutions with offices in metropolitan areas to publicly disclose detailed information about their home-lending activity each year. The Congress intended that HMDA achieve its legislative objectives primarily through the force of public disclosure. These objectives include helping members of the public determine whether financial institutions are serving the housing needs of their local communities and treating borrowers and loan applicants fairly, providing information that could facilitate the efforts of public entities to distribute funds to local communities for the purpose of attracting private investment, and helping households decide where they may want to deposit their savings. The data have also proven to be valuable in a variety of public policy and research endeavors to explore mortgage market activity; in this connection, the HMDA data have been especially valuable when combined with other types of information, such as the socioeconomic and demographic status of different populations and geographies.
JF  - Federal Reserve Bulletin
AU  - Avery, Robert B
AU  - Bhutta, Neil
AU  - Brevoort, Kenneth P
AU  - Canner, Glenn B
Y1  - 2011/03//
PY  - 2011
DA  - Mar 2011
SP  - 1
EP  - 82
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 97
SN  - 00149209
KW  - Business And Economics--Banking And Finance
KW  - Home Mortgage Disclosure Act 1990-US
KW  - Disclosure
KW  - Lending institutions
KW  - Consumer protection
KW  - United States--US
KW  - 8120:Retail banking services
KW  - 4320:Legislation
KW  - 9190:United States
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LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System 2011
N1  - Document feature - Tables; Graphs; Maps; References
N1  - Last updated - 2012-04-13
N1  - CODEN - FDRBAU
N1  - SubjectsTermNotLitGenreText - United States--US
ER  - 



TY  - JOUR
T1  - Legal Developments: Fourth Quarter, 2010
AN  - 857081401
JF  - Federal Reserve Bulletin
AU  - Frierson, Robert de V
Y1  - 2011/03//
PY  - 2011
DA  - Mar 2011
SP  - 1
EP  - 13
CY  - Washington
PB  - Board of Governors of the Federal Reserve System
VL  - 97
SN  - 00149209
KW  - Business And Economics--Banking And Finance
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/ProQ%3Aabiglobal&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=unknown&rft.jtitle=Federal+Reserve+Bulletin&rft.atitle=Legal+Developments%3A+Fourth+Quarter%2C+2010&rft.au=Frierson%2C+Robert+de+V&rft.aulast=Frierson&rft.aufirst=Robert+de&rft.date=2011-03-01&rft.volume=97&rft.issue=&rft.spage=1&rft.isbn=&rft.btitle=&rft.title=Federal+Reserve+Bulletin&rft.issn=00149209&rft_id=info:doi/
LA  - English
DB  - ProQuest Central
N1  - Copyright - Copyright Board of Governors of the Federal Reserve System 2011
N1  - Last updated - 2012-04-13
N1  - CODEN - FDRBAU
ER  - 



TY  - BOOK
T1  - Where Are Global and U.S. Trade Heading in the Aftermath of the Trade Collapse: Issues and Alternative Scenarios
AN  - 1738474501; 2011-157439
AB  - Global and US trade declined dramatically in the wake of the global financial crisis in late 2008 and early 2009. The subsequent recovery in trade, while vigorous at first, gradually lost momentum in 2010. This paper explores the prospects for global and US trade in the medium term. The analysis suggests that during the crisis both world trade and US exports declined significantly more than would have been expected on the basis of historical relationships with economic activity; moreover, this gap between actual and equilibrium trade is closing only slowly and could persist. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System, Mar 2011, 25 pp.
AU  - Gruber, Joseph W
AU  - di Mauro, Filippo
AU  - Schnatz, Bernd
AU  - Zorell, Nico
Y1  - 2011/03//
PY  - 2011
DA  - March 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - International banking and finance and financial institutions
KW  - Economic conditions and policy - Economic theory
KW  - Trade and trade policy - Export-import trade
KW  - Economic conditions and policy - Economic conditions
KW  - Business and service sector - Business finance
KW  - United States
KW  - Finance
KW  - International finance
KW  - Economics
KW  - Economic conditions
KW  - Export-import trade
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Gruber%2C+Joseph+W%3Bdi+Mauro%2C+Filippo%3BSchnatz%2C+Bernd%3BZorell%2C+Nico&rft.aulast=Gruber&rft.aufirst=Joseph&rft.date=2011-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Where+Are+Global+and+U.S.+Trade+Heading+in+the+Aftermath+of+the+Trade+Collapse%3A+Issues+and+Alternative+Scenarios&rft.title=Where+Are+Global+and+U.S.+Trade+Heading+in+the+Aftermath+of+the+Trade+Collapse%3A+Issues+and+Alternative+Scenarios&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1017/ifdp1017.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1017
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Household Income Uncertainties over Three Decades
AN  - 1738473554; 2011-157420
AB  - Studies the trend in household income uncertainty using a novel approach that measures income uncertainty as the variance of forecast errors at each future horizon separately without imposing parametric restrictions on the underlying income shocks. Household income uncertainty has risen significantly and persistently since the early 1970s likely due to the increase in variances of both persistent and transitory income shocks. Although the increase in uncertainty was widespread, the increase was most pronounced among single-earner households and high-income households. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Mar 2011, 37 pp.
AU  - Feigenbaum, James
AU  - Li, Geng
Y1  - 2011/03//
PY  - 2011
DA  - March 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Business and service sector - Accounting
KW  - Population groups, population policy, and demographics - Demography and census
KW  - Households
KW  - Income
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473554?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Feigenbaum%2C+James%3BLi%2C+Geng&rft.aulast=Feigenbaum&rft.aufirst=James&rft.date=2011-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Household+Income+Uncertainties+over+Three+Decades&rft.title=Household+Income+Uncertainties+over+Three+Decades&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201125/201125pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-25
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Surveying the Aftermath of the Storm: Changes in Family Finances from 2007 to 2009
AN  - 1738473531; 2011-157426
AB  - In 2009, the Federal Reserve Board implemented a survey of families that participated in the 2007 Survey of Consumer Finances (SCF) to gain detailed information on the effects of the recent recession on all types of households. Changes in families' wealth over the period appear to reflect changes in asset values (particularly the value of homes, stocks, and businesses) rather than changes in the level of ownership of assets and debts or in the amount of debt held. Families appear more cautious in 2009 than in 2007, as most families reported greater desired buffer savings. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Mar 2011, 36 pp.
AU  - Bricker, Jesse
AU  - Bucks, Brian
AU  - Kennickell, Arthur
AU  - Mach, Traci
AU  - Moore, Kevin
Y1  - 2011/03//
PY  - 2011
DA  - March 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Economic conditions and policy - Economic conditions
KW  - Social conditions and policy - Marriage and family life
KW  - Business and service sector - Accounting
KW  - Banking and public and private finance - Banks and other financial institutions
KW  - Banking and public and private finance - Public finance
KW  - Economic conditions and policy - Property and wealth
KW  - Education and education policy - Statistics, research, research methods, and research support
KW  - Business and service sector - Business and business enterprises
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic theory
KW  - Economic conditions and policy - Consumers and consumption
KW  - Banking and public and private finance - Investments and securities
KW  - Value
KW  - Business
KW  - Assets
KW  - Surveys
KW  - Federal reserve system
KW  - Saving
KW  - Households
KW  - Debt
KW  - Stocks
KW  - Wealth
KW  - Family
KW  - Consumers
KW  - Economic conditions
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738473531?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Bricker%2C+Jesse%3BBucks%2C+Brian%3BKennickell%2C+Arthur%3BMach%2C+Traci%3BMoore%2C+Kevin&rft.aulast=Bricker&rft.aufirst=Jesse&rft.date=2011-03-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Surveying+the+Aftermath+of+the+Storm%3A+Changes+in+Family+Finances+from+2007+to+2009&rft.title=Surveying+the+Aftermath+of+the+Storm%3A+Changes+in+Family+Finances+from+2007+to+2009&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201117/201117pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-17
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Verifying the State of Financing Constraints: Evidence from US Business Credit Contracts
AN  - 868223356; 2011-67188
AB  - Explores which of the strategies for financing constraints in economic models is the most empirically plausible. This paper tests two commonly used models of financing constraints, costly state verification (Townsend, 1979) and moral hazard (Holmstrom and Tirole, 1997), using a comprehensive data set of US small business credit contracts. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 3 2011, 50 pp.
AU  - Meisenzahl, Ralf R
Y1  - 2011/02/03/
PY  - 2011
DA  - 2011 Feb 03
PB  - Board of Governors of the Federal Reserve System System
KW  - Business and service sector - Business finance
KW  - Law and ethics - Civil law
KW  - Law and ethics - Commercial law
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic research
KW  - Business and service sector - Business and business enterprises
KW  - United States
KW  - Contracts
KW  - Finance
KW  - Economic models
KW  - Credit
KW  - Small business
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/868223356?accountid=14244
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L2  - http://www.federalreserve.gov/pubs/feds/2011/201104/201104pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2011-05-18
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser., Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Explaining the Energy Consumption Portfolio in a Cross-Section of Countries: Are the BRICs Different?
AN  - 914787261; 2011-157441
AB  - Presents empirical support for the energy ladder hypothesis, which contends that as an economy develops, it transits away from a heavier reliance on traditional fuel sources towards an increase in the use of modern commercial energy sources. The fact that as an economy matures, it transforms away from agriculture-based activity into industrial activity and, finally, fully matures into a service-oriented economy is an important driver for the distribution of end-use energy consumption. However, there is still evidence suggesting that the patterns of energy consumption in Brazil, Russia, India, and China (BRIC) economies are different from those of other economies. Tables, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 2011, 21 pp.
AU  - Arseneau, David M
Y1  - 2011/02//
PY  - 2011
DA  - February 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Energy resources and policy - Energy policy
KW  - Brazil
KW  - Russian Federation
KW  - Energy consumption
KW  - China (People's Republic)
KW  - Fuel
KW  - India
KW  - book
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L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Arseneau%2C+David+M&rft.aulast=Arseneau&rft.aufirst=David&rft.date=2011-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Explaining+the+Energy+Consumption+Portfolio+in+a+Cross-Section+of+Countries%3A+Are+the+BRICs+Different%3F&rft.title=Explaining+the+Energy+Consumption+Portfolio+in+a+Cross-Section+of+Countries%3A+Are+the+BRICs+Different%3F&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1015/ifdp1015.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1015
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - U.S. International Equity Investment and Past Prospective Returns
AN  - 914787259; 2011-157440
AB  - Counter to extant stylized facts, using newly available data on country allocations in US investors' foreign equity portfolios this study finds that (1) US investors do not exhibit returns-chasing behavior, but, consistent with partial portfolio rebalancing, tend to sell past winners and (2) US investors increase portfolio weights on a country's equity market just prior to its strong performance -- behavior inconsistent with an informational disadvantage. Tables, Figures, References.
JF  - Board of Governors of the Federal Reserve System System, Feb 2011, 27 pp.
AU  - Curcuru, Stephanie E
AU  - Thomas, Charles P
AU  - Warnock, Francis E
AU  - Wongswan, Jon
Y1  - 2011/02//
PY  - 2011
DA  - February 2011
PB  - Board of Governors of the Federal Reserve System System
KW  - Law and ethics - Ethics
KW  - Banking and public and private finance - Investments and securities
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Business and service sector - Personnel management
KW  - Manufacturing and heavy industry - Industrial management, production, and productivity
KW  - United States
KW  - Investors
KW  - Investments
KW  - Performance
KW  - Markets
KW  - Equity
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/914787259?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Curcuru%2C+Stephanie+E%3BThomas%2C+Charles+P%3BWarnock%2C+Francis+E%3BWongswan%2C+Jon&rft.aulast=Curcuru&rft.aufirst=Stephanie&rft.date=2011-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=U.S.+International+Equity+Investment+and+Past+Prospective+Returns&rft.title=U.S.+International+Equity+Investment+and+Past+Prospective+Returns&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/ifdp/2011/1016/ifdp1016.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2012-01-01
N1  - Publication note - Board of Governors of the Federal Reserve System System, 2011
N1  - SuppNotes - International Finance Discussion Papers no. 1016
N1  - Last updated - 2016-09-28
ER  - 



TY  - BOOK
T1  - Volatility, Money Market Rates, and the Transmission of Monetary Policy
AN  - 1738474375; 2011-157423
AB  - Central banks typically control an overnight interest rate as their policy tool, and the transmission of monetary policy happens through the relationship of this overnight rate to the rest of the yield curve. The expectations hypothesis, that longer-term rates should equal expected future short-term rates plus a term premium, provides the typical framework for understanding this relationship. This study explores the effect of volatility in the federal funds market on the expectations hypothesis in money markets. Tables, Figures.
JF  - Board of Governors of the Federal Reserve System, Feb 2011, 35 pp.
AU  - Carpenter, Seth B
AU  - Demiralp, Selva
Y1  - 2011/02//
PY  - 2011
DA  - February 2011
PB  - Board of Governors of the Federal Reserve System
KW  - Banking and public and private finance - Investments and securities
KW  - Banking and public and private finance - Public finance
KW  - Business and service sector - Markets, marketing, and merchandising
KW  - Banking and public and private finance - Banking operations and services
KW  - Banking and public and private finance - Central banks
KW  - Banking and public and private finance - Credit, loans, and personal finance
KW  - Economic conditions and policy - Economic policy, planning, and development
KW  - Interest rates
KW  - Central banks
KW  - Economic policy
KW  - Markets
KW  - Money market
KW  - Monetary policy
KW  - book
UR  - http://libproxy.lib.unc.edu/login?url=http://search.proquest.com/docview/1738474375?accountid=14244
L2  - http://vb3lk7eb4t.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&rfr_id=info:sid/PAIS+Index&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.jtitle=&rft.atitle=&rft.au=Carpenter%2C+Seth+B%3BDemiralp%2C+Selva&rft.aulast=Carpenter&rft.aufirst=Seth&rft.date=2011-02-01&rft.volume=&rft.issue=&rft.spage=&rft.isbn=&rft.btitle=Volatility%2C+Money+Market+Rates%2C+and+the+Transmission+of+Monetary+Policy&rft.title=Volatility%2C+Money+Market+Rates%2C+and+the+Transmission+of+Monetary+Policy&rft.issn=&rft_id=info:doi/
L2  - http://www.federalreserve.gov/pubs/feds/2011/201122/201122pap.pdf
LA  - English
DB  - PAIS Index
N1  - Date revised - 2015-12-01
N1  - Publication note - Board of Governors of the Federal Reserve System, 2011
N1  - SuppNotes - Finance and Economics Discussion ser. 2011-22
N1  - Last updated - 2016-09-28
ER  -