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Staff Reports/Research Papers
Technical working papers intended for publication in leading finance and economics journals. The Research Papers series predated Staff Reports and was discontinued in 1998. Both series are available only online.
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2012 Staff Reports

How "Unconventional" Are Large-Scale Asset Purchases? The Impact of Monetary Policy on Asset Prices
Carlo Rosa
May  Number 560

Shadow Banking Regulation
Tobias Adrian and Adam B. Ashcraft
April   Number 559

How Deeply Held Are Anti-American Attitudes among Pakistani Youth? Evidence Using Experimental Variation in Information
Adeline Delavande and Basit Zafar
April   Number 558

An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
Michael Fleming, John Jackson, Ada Li, Asani Sarkar, and Patricia Zobel
March   Number 557

The Supply Side of the Housing Boom and Bust of the 2000s
Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy
March   Number 556

Securities Lending
Paul C. Lipson, Bradley K. Sabel, and Frank M. Keane
March   Number 555

DSGE Model-Based Forecasting
Marco Del Negro and Frank Schorfheide
March   Number 554

The Private Premium in Public Bonds
Anna Kovner and Chenyang Wei
March   Number 553

Workforce Skills across the Urban-Rural Hierarchy
Jaison R. Abel, Todd M. Gabe, and Kevin Stolarick
February   Number 552
Deficits, Public Debt Dynamics, and Tax and Spending Multipliers
Matthew Denes, Gauti B. Eggertsson, and Sophia Gilbukh
February   Number 551
An Empirical Study of Trade Dynamics in the Fed Funds Market
Gara Afonso and Ricardo Lagos
February   Number 550
Trade Dynamics in the Market for Federal Funds
Gara Afonso and Ricardo Lagos
February   Number 549
Leverage and Asset Prices: An Experiment
Marco Cipriani, Ana Fostel, and Daniel Houser
February   Number 548
Long-Term Debt Pricing and Monetary Policy Transmission under Imperfect Knowledge
Stefano Eusepi, Marc Giannoni, and Bruce Preston
February   Number 547
Optimal Interest Rate Rules and Inflation Stabilization versus Price-Level Stabilization
Marc P. Giannoni
February   Number 546
Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession
Nicola Cetorelli and Linda S. Goldberg
February   Number 545
Defaults and Losses on Commercial Real Estate Bonds during the Great Depression Era
Tyler Wiggers and Adam B. Ashcraft
February   Number 544
The Price Is Right: Updating of Inflation Expectations in a Randomized Price Information Experiment
Olivier Armantier, Scott Nelson, Giorgio Topa, Wilbert van der Klaauw, and Basit Zafar
January   Number 543
Revised March 2012
Crime, House Prices, and Inequality: The Effect of UPPs in Rio
Claudio Frischtak and Benjamin R. Mandel
January   Number 542
House Price Booms, Current Account Deficits, and Low Interest Rates
Andrea Ferrero
January   Number 541
Revised February 2012
Is Increased Price Flexibility Stabilizing? Redux
Saroj Bhattarai, Gauti Eggertsson, and Raphael Schoenle
January   Number 540
Corporate Governance of Financial Institutions
Hamid Mehran and Lindsay Mollineaux
January   Number 539
Revised February 2012
Precarious Slopes? The Great Recession, Federal Stimulus, and New Jersey Schools
Rajashri Chakrabarti and Sarah Sutherland
January   Number 538
The Hitchhiker’s Guide to Missing Import Price Changes and Pass-Through
Etienne Gagnon, Benjamin R. Mandel, and Robert J. Vigfusson
January   Number 537
Heterogeneous Inflation Expectations, Learning, and Market Outcomes
Carlos Madeira and Basit Zafar
January   Number 536
Optimal Target Criteria for Stabilization Policy
Marc P. Giannoni and Michael Woodford
January   Number 535