Content
October 2007, Volume 39, Issue 7
- 1563-1586 The Cost of Nominal Rigidity in NNS Models
by Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba - 1587-1611 Pricing Behavior and the Response of Hours to Productivity Shocks
by Domenico J. Marchetti & Francesco Nucci - 1613-1649 A Generalized Extreme Value Approach to Financial Risk Measurement
by Turan G. Bali - 1651-1681 Wealth and Risk Effects of Adopting Deposit Insurance in Canada: Evidence of Risk Shifting by Banks and Trust Companies
by John D. Wagster - 1683-1710 Equilibrium Dynamics in an Endogenous Growth Model of Money and Banking
by Juin‐Jen Chang & Wen‐Ya Chang & Ching‐Chong Lai & Ping Wang - 1711-1739 Imperfect Common Knowledge, Staggered Price Setting, and the Effects of Monetary Policy
by Ichiro Fukunaga - 1741-1758 Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation
by Joseph H. Haslag & Antoine Martin - 1759-1784 Optimal Fiscal Policy Rules in a Monetary Union
by Tatiana Kirsanova & Mathan Satchi & David Vines & Simon Wren‐Lewis - 1785-1819 The Eurosystem, the U.S. Federal Reserve, and the Bank of Japan: Similarities and Differences
by Dieter Gerdesmeier & Francesco Paolo Mongelli & Barbara Roffia - 1821-1838 The Macroeconomic Effects of Nonzero Trend Inflation
by Robert Amano & Steve Ambler & Nooman Rebei - 1839-1848 Certainty Equivalence and the Excess Sensitivity of Private Consumption
by Lorenzo Pozzi & Griet Malengier - 1849-1849 Erratum to “Why Has U.S. Inflation Become Harder to Forecast?”
by James H. Stock & Mark W. Watson
September 2007, Volume 39, Issue 6
- 1285-1304 The Role of Insider Influence in Mutual‐to‐Stock Conversions
by Kenneth A. Carow & Steven R. Cox & Dianne M. Roden - 1305-1333 The Great Capitol Hill Baby Sitting Co‐op: Anecdote or Evidence for the Optimum Quantity of Money?
by Thorsten Hens & Klaus Reiner Schenk‐Hoppé & Bodo Vogt - 1335-1356 Optimal Constrained Interest‐Rate Rules
by GEORGE W. EVANS & BRUCE McGOUGH - 1357-1373 Non‐stationary Hours in a DSGE Model
by Yongsung Chang & Taeyoung Doh & Frank Schorfheide - 1375-1409 The Life‐Cycle Effects of House Price Changes
by Wenli Li & Rui Yao - 1411-1427 Is There a Dead Spot? New Evidence on FOMC Decisions Before Elections
by Rebecca Hellerstein - 1429-1455 Credit Markets and the Propagation of Monetary Policy Shocks
by Radim Boháček & Hugo Rodríguez Mendizábal - 1457-1479 Dynamics of Persistence in International Inflation Rates
by Manmohan S. Kumar & Tatsuyoshi Okimoto - 1481-1508 How Sticky Is Sticky Enough? A Distributional and Impulse Response Analysis of New Keynesian DSGE Models
by Oleg Korenok & Norman R. Swanson - 1509-1520 Technology Shocks and the Labor‐Input Response: Evidence from Firm‐Level Data
by Mikael Carlsson & Jon Smedsaas - 1521-1531 On the Relationship between Inflation Persistence and Temporal Aggregation
by Ivan Paya & Agustin Duarte & Ken Holden
August 2007, Volume 39, Issue 5
- 1003-1035 Capital Controls and the International Transmission of U.S. Money Shocks
by Jacques Miniane & John H. Rogers - 1037-1066 Money Market Pressure and the Determinants of Banking Crises
by Jürgen Von Hagen & Tai‐Kuang Ho - 1067-1105 Bank Mergers, Competition, and Liquidity
by Elena Carletti & Philipp Hartmann & Giancarlo Spagnolo - 1107-1129 Forbearance and Prompt Corrective Action
by Narayana R. Kocherlakota & Ilhyock Shim - 1131-1162 Heterogeneous Market‐Making in Foreign Exchange Markets: Evidence from Individual Bank Responses to Central Bank Interventions
by Anusha Chari - 1163-1176 Quantitative Goals for Monetary Policy
by Antonio Fatás & Ilian Mihov & Andrew K. Rose - 1177-1212 Determinacy, Learnability, and Monetary Policy Inertia
by James Bullard & Kaushik Mitra - 1213-1243 The Effects of Bank Lending in an Open Economy
by Iris Claus - 1245-1266 Exchange Rates and FOMC Days
by Seung Chan Ahn & Michael Melvin - 1267-1273 Measuring Financial Integration via Idiosyncratic Risk: What Effects Are We Really Picking Up?
by David C. Parsley & Christian Schlag - 1275-1283 The Time‐Varying Phillips Correlation
by Luca Benati
June 2007, Volume 39, Issue 4
- 733-774 Accounting for Trends in Productivity and R&D: A Schumpeterian Critique of Semi‐Endogenous Growth Theory
by Joonkyung Ha & Peter Howitt - 775-807 Entry into Banking Markets and the Early‐Mover Advantage
by Allen N. Berger & Astrid A. Dick - 809-842 Monetary and Fiscal Policy Switching
by Hess Chung & Troy Davig & Eric M. Leeper - 843-873 Precautionary Balances and the Velocity of Circulation of Money
by Miquel Faig & Belén Jerez - 875-900 Monetary Policy Rules in a New Keynesian Euro Area Model
by Miguel Casares - 901-923 Unique Symptoms of Japanese Stagnation: An Equity Market Perspective
by Yasushi Hamao & Jianping Mei & Yexiao Xu - 925-944 Understanding the Large Negative Impact of Oil Shocks
by Luís Aguiar‐Conraria & Yi Wen - 945-964 Foreign Lenders and the Real Sector
by Leo Ferraris & Raoul Minetti - 965-979 Uncertainty and Export Performance: Evidence from 18 Countries
by Kevin B. Grier & Aaron D. Smallwood - 981-993 Escaping Volatile Inflation
by Martin Ellison & Tony Yates - 995-1001 Two Pitfalls of Linearization Methods
by Jinill Kim & Sunghyun Henry Kim
March 2007, Volume 39, Issue 2‐3
- 259-294 Is Financial Globalization Beneficial?
by Frederic S. Mishkin - 295-330 External Constraints on Monetary Policy and the Financial Accelerator
by Mark Gertler & Simon Gilchrist & Fabio M. Natalucci - 331-368 Competition from Large, Multimarket Firms and the Performance of Small, Single‐Market Firms: Evidence from the Banking Industry
by Allen N. Berger & Astrid A. Dick & Lawrence G. Goldberg & Lawrence J. White - 369-394 Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade‐offs?
by Cecilia García‐Peñalosa & Stephen J. Turnovsky - 395-422 Accounting for a Shift in Term Structure Behavior with No‐Arbitrage and Macro‐Finance Models
by Glenn D. Rudebusch & Tao Wu - 423-442 Interest Rate Risk and the Forward Premium Anomaly in Foreign Exchange Markets
by Shu Wu - 443-470 Temporal Patterns in Foreign Exchange Returns and Options
by Maxime Charlebois & Stephen Sapp - 471-507 Technology Shocks and Monetary Policy: Revisiting the Fed's Performance
by Sanvi Avouyi‐Dovi & Julien Matheron - 509-541 Communication by Central Bank Committee Members: Different Strategies, Same Effectiveness?
by Michael Ehrmann & Marcel Fratzscher - 543-559 A Long‐Run Non‐Linear Approach to the Fisher Effect
by Dimitris K. Christopoulos & Miguel A. León‐Ledesma - 561-590 Quantifying the Risk of Deflation
by Lutz Kilian & Simone Manganelli - 591-613 Inventory Dynamics and Business Cycles: What Has Changed?
by JONATHAN McCARTHY & EGON ZAKRAJŠEK - 615-638 The Slow Adjustment of Aggregate Consumption to Permanent Income
by James C. Morley - 639-665 Prudential Regulation and the “Credit Crunch”: Evidence from Japan
by Wako Watanabe - 667-688 Does Monetary Policy Have Asymmetric Effects on Stock Returns?
by Shiu‐Sheng Chen - 689-702 Evidence on the Extent and Potential Sources of Long Memory in U.S. Treasury Security Returns and Yields
by Robert A. Connolly & Z. Nuray Güner & Kenneth N. Hightower - 703-712 Heterogeneity and Lotteries in Monetary Search Models
by Sébastien Lotz & Andrei Shevchenko & Christopher Waller - 713-731 The Great Inflation of the 1970s
by Fabrice Collard & Harris Dellas
February 2007, Volume 39, Issue 1
- 1-24 Is the Asymptotic Speed of Convergence a Good Proxy for the Transitional Growth Path?
by Chris Papageorgiou & Fidel Perez‐Sebastian - 25-48 Multiple BGPs in a Growth Model with Habit Persistence
by Been‐Lon Chen - 49-81 Market Size, Service Quality, and Competition in Banking
by Astrid A. Dick - 83-103 Charter Value, Risk‐Taking Incentives, and Emerging Competition for Fannie Mae and Freddie Mac
by W. Scott Frame & Lawrence J. White - 105-131 Inflation Taxation and Welfare with Externalities and Leisure
by Wai‐Ming Ho & Jinli Zeng & Jie Zhang - 133-149 Information Content of Wages and Monetary Policy
by Hans Gersbach & Volker Hahn - 151-185 Financial Differences and Business Cycle Co‐Movements in a Currency Area
by Ester Faia - 187-204 The Dynamic Relationship between Permanent and Transitory Components of U.S. Business Cycles
by Chang‐Jin Kim & Jeremy M. Piger & Richard Startz - 205-236 Macroeconomic Sources of Risk in the Term Structure
by Hiona Balfoussia & Mike Wickens - 237-239 The Persistence of Inflation Versus That of Real Marginal Cost in the New Keynesian Model
by Julio J. Rotemberg - 241-257 Why Commercial Banks Held Excess Reserves: The Japanese Experience of the Late 1990s
by Kazuo Ogawa