Staff Reports

Technical working papers intended for publication in leading finance and economics journals. The Research Papers series predated StaffReports and was discontinued in 1998. Both series are available only online.
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2015 Staff Reports

Intermediaries as Information Aggregators: An Application to U.S. Treasury Auctions
Nina Boyarchenko, David O. Lucca, and Laura Veldkamp
April  Number 726

Insolvency after the 2005 Bankruptcy Reform
Stefania Albanesi and Jaromir Nosal
April  Number 725

Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission
Dong Beom Choi, Thomas M. Eisenbach, and Tanju Yorulmazer
April  Number 724

Nonlinearity and Flight to Safety in the Risk-Return Trade-Off for Stocks and Bonds
Tobias Adrian, Richard Crump, and Erik Vogt
April  Number 723

Discussion of “Systemic Risk and the Solvency-Liquidity Nexus of Banks”
Tobias Adrian
April  Number 722

The Gender Gap in Mathematics: Evidence from a Middle-Income Country
Prashant Bharadwaj, Giacomo De Giorgi, David Hansen, and Christopher Neilson
March  Number 721

Gender Roles and Medical Progress
Stefania Albanesi and Claudia Olivetti
March  Number 720

The Rescue of Fannie Mae and Freddie Mac
W. Scott Frame, Andreas Fuster, Joseph Tracy, and James Vickery
March  Number 719

Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives
Stefania Albanesi, Claudia Olivetti, and María José Prados
March  Number 718

Does Central Clearing Reduce Counterparty Risk in Realistic Financial Networks?
Rodney Garratt and Peter Zimmerman
March  Number 717

Business Cycle Fluctuations and the Distribution of Consumption
Giacomo De Giorgi and Luca Gambetti
March  Number 716

Informational Contagion in the Laboratory
Marco Cipriani, Antonio Guarino, Giovanni Guazzarotti, Federico Tagliati, and Sven Fischer
March  Number 715

The Equity Risk Premium: A Review of Models
Fernando Duarte and Carlo Rosa
February  Number 714

How Mortgage Finance Affects the Urban Landscape
Sewin Chan, Andrew Haughwout, and Joseph Tracy
February  Number 713

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations
Joshua Frost, Lorie Logan, Antoine Martin, Patrick McCabe, Fabio Natalucci, and Julie Remache
February  Number 712

Anxiety, Overconfidence, and Excessive Risk Taking
Thomas M. Eisenbach and Martin C. Schmalz
February  Number 711
Revised April 2015

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?
Fatih Guvenen, Fatih Karahan, Serdar Ozkan, and Jae Song
February  Number 710

Credit Supply and the Housing Boom
Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti
February  Number 709

Betting against Beta (and Gamma) Using Government Bonds
J. Benson Durham
January  Number 708