RPA External Publications

  • Ross Levine, Alex Levkov, and Yona Rubinstein. "Bank Deregulation and Racial Inequality in America," Forthcoming, Critical Finance Review.
  • Satadru Hore. "Equilibrium Predictability, Term Structure of Equity Premia, and Other Return Characteristics," Forthcoming, Review of Finance.
  • Stefano Corradin, José Fillat, and Carles Vergara-Alert. “Optimal Portfolio Choice with Predictability in House Prices and Transaction Costs,”offsite Forthcoming, The Review of Financial Studies 2013; doi: 10.1093/rfs/hht062.
  • Ethan Cohen-Cole, Burcu Duygan-Bump, Judit Montoriol-Garriga. "Who Gets Credit after Bankruptcy and Why? An Information Channel," Forthcoming, Journal of Banking and Finance.
  • Alex Levkov. “Branching of Banks and Union Decline,” Revise and resubmit.
  • Burcu Duygan-Bump, Judit Montoriol-Garriga, and Alex Levkov. “Financing Constraints and Unemployment: Evidence from the Great Recession,” Revise and resubmit.
  • José Fillat and Stefania Garetto. "Risk, Returns, and Multinational Production," Revise and resubmit.

2011-2013

  • Martin R. Goetz, Luc Laeven, and Ross Levine. (2013) "Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of U.S. Banks" The Review of Financial Studies, 26 (7), 1787-1823.
  • Matthew Pritsker. (2012) "Knightian Uncertainty and Interbank Lending," Journal of Financial Intermediation, Elsevier, vol. 22(1), 85-105.

2006-2010

  • Thorsten Beck, Ross Levine, and Alex Levkov. (2010) “Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States,” The Journal of Finance, vol. 65 (5), 1637-1667.
  • Ethan Cohen-Cole, Steven Durlauf, Jeffrey Fagan and Daniel Nagin. (2009) “Model Uncertainty and the Deterrent Effect of Capital Punishment,” American Law and Economic Review.
  • Ethan Cohen-Cole and Jason M. Fletcher. (2008) "Is Obesity Contagious? Social Networks vs. Environmental Factors in the Obesity Epidemic." Journal of Health Economics, 27 (5), 1382-1387.
  • Giulio Zanella. (2008) “Unpacking Social Interactions,” Economic Inquiry, 46(1).
  • Ethan Cohen-Cole and Todd Prono. (2007) "Loss Distribution Estimation, External Data and Model Averaging."Journal of Financial Risk Management.
  • Patrick de Fontnouvelle and Victoria Garrity. (2007) “U.S. Bank Progress on Measuring Operational Risk.” Value at Risk and Bank Capital Management: Risk Adjusted Performances, Capital Management and Capital Allocation Decision Making, Francesco Saita.
  • Patrick deFontnouvelle, Virginia Dejesus-Rueff, John S. Jordan, and Eric S. Rosengren. (2006) “Capital and Risk: New Evidence on Implications of Large Operational Losses” Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(7), 1819-1846, October.
  • Ethan Cohen-Cole. (2006) “Housing Quality, Neurotoxins and Human Capital Acquisition.” Applied Economics Letters, 13(12).
  • Patrick de Fontnouvelle, John Jordan and Eric Rosengren. (2006) “Implications of Alternative Operational Risk Modeling Techniques.”The Risks of Financial Institutions, NBER/University of Chicago Press, M. Carey and R. Stulz, eds.
  • Ethan Cohen-Cole. (2006) “Multiple Groups Identification in the Linear-in-Means Model.” Economics Letters, 92(2).

2001-2005

  • Patrick de Fontnouvelle, Raymond P.H. Fishe, and Jeffrey H. Harris. (2005) “How New Entry in Options Markets Affected Market Making and Trading Costs.” The Journal of Investment Management, vol. 3, no. 2: 24-40.
  • Joe Peek and Eric S. Rosengren. (September 2005) “Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan” The American Economic Review, vol. 95(4), 1144-1166.
  • Joe Peek and Eric S. Rosengren. (2005) "Crisis Resolution and Credit Allocation: The Case of Japan". Systemic Financial Crises, Patrick Honohan and Luc Laeven, eds. Cambridge University Press, New York, NY. 276-306 .
  • Eric Rosengren. (2003) “Comments on 'The Morning After: Restructuring in the Aftermath of an Asset Bubble.'” Asset Price Bubbles: The Implications for Monetary, Regulatory, and International Policies, William C. Hunter, George G. Kaufman, and Michael Pomerleano, eds. MIT Press, 529-536.
  • Joe Peek, Eric Rosengren and Geoffrey M.B. Tootell. (May 2003) “Does the Federal Reserve Possess An Exploitable Informational Advantage?” Journal of Monetary Economics, vol. 50, no. 4 : 817-839.
  • Joe Peek, Eric Rosengren and Geoffrey M.B. Tootell. (December 2003) “Identifying the Macroeconomic Effect of Loan Supply Shocks.” Journal of Money, Credit, and Banking, vol. 35, no. 6, part 1: 931-946.
  • Patrick de Fontnouvelle, Raymond P.H. Fishe, and Jeffrey H. Harris. (December 2003) “The Behavior of Bid-Ask Spreads and Volume in Options Markets During the Listings Competition in 1999.” The Journal of Finance, vol. 58 no. 6: 2437-2464.
  • Eric Rosengren. (2002) “Comment on 'Banking in Europe.'” The Transformation of the European Financial System, Vitor Gaspar, Philipp Hartmann, Olaf Sleijpen, eds., European Central Bank, 104-116.
  • Michael Klein, Joe Peek and Eric Rosengren. (June 2002) “Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit.” The American Economic Review, vol. 92, no. 3: 664-682.
  • Patrick de Fontnouvelle and Sergio Lence. (2002) “Transaction Costs and the Present-Value Puzzle of Farmland Prices.” Southern Economic Journal.
  • Eric Rosengren. (2001) “Comments on 'How Good are EU Deposit Insurance Schemes in a Bubble Environment.'” Asset Price Bubbles: Implications for Monetary and Regulatory Policies, George G. Kaufman, ed., Elsevier Science Ltd., 195-200.
  • Joe Peek and Eric Rosengren. (April 2001) “Determinants of the Japan Premium: Actions Speak Louder than Words.” The Journal of International Economics, vol. 53, no. 2: 283-305.
  • Patrick de Fontnouvelle. (2001) “Information Dynamics in Financial Markets.” Macroeconomic Dynamics.
  • Joe Peek and Eric Rosengren. (2001) “Japanese Banking: Implications for Southeast Asia.” Global Financial Crises and Reforms: Cases and Caveats, B.N. Ghosh ed., 102-126.
  • Joe Peek, Eric Rosengren and Geoffrey M.B. Tootell. (2001) “Synergies Between Bank Supervision and Monetary Policy: Implications for the Design of Bank Regulatory Structure.” Prudential Supervision: What Works and What Doesn't, Frederic S. Mishkin, ed., University of Chicago Press, 273-299.

1999-2000

  • Joe Peek and Eric Rosengren. (March 2000) “Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States.” The American Economic Review, vol. 90, no. 1: 30-45.
  • William A. Brock and Patrick de Fontnouvelle. (2000) “Expectational Stability in Monetary Economies.” Journal of Economic Dynamics and Control.
  • John Jordan, Joe Peek and Eric Rosengren. (June 2000) “The Market Reaction to the Disclosure of Supervisory Actions: Implications for Bank Transparency.” Journal of Financial Intermediation, vol. 9: 298-319.
  • Joe Peek, Eric Rosengren and Geoffrey M. B. Tootell. (May 1999) “Is Bank Supervision Central to Central Banking?” The Quarterly Journal of Economics, vol. 114: 629-653.
  • Eric Rosengren. (December 1999) “Modernizing Financial Regulation: Implications for Bank Supervision.” Journal of Financial Services Research, vol. 16, no. 2-3: 117-123.
  • Joe Peek, Eric Rosengren and Faith Kasirye. (February 1999) “The Poor Performance of Foreign Bank Subsidiaries: Were the Problems Acquired or Created?” Journal of Banking and Finance, vol. 23, no. 2/4: 579-604.
  • Eric Rosengren. (1999) “Will Greater Disclosure and Transparency Prevent the Next Banking Crisis?” The Asian Financial Crisis: Origins, Implications and Solutions, William C. Hunter, George Kaufman, and Thomas Krueger, eds., Kluwer Academic Publishers.