• Inflation Dynamics When Inflation is Near Zero
  by Jeffrey C. Fuhrer, Giovanni P. Olivei, and Geoffrey M. B. Tootell
  Working Paper No. 11-17
• The Great Recession and Bank Lending to Small Businesses
  by Judit Montoriol-Garriga and J. Christina Wang
  Working Paper No. 11-16
• Account-to-Account Electronic Money Transfers: Recent Developments in the United States
  by Oz Shy
  Public Policy Discussion Paper No. 11-10
• Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process
  by Kristopher Gerardi, Lauren Lambie-Hanson, and Paul S. Willen
  Public Policy Discussion Paper No. 11-9
• Games with Synergistic Preferences
  by Julian C. Jamison
  Working Paper No. 11-15
• Managing Self-Confidence: Theory and Experimental Evidence
  by Markus M. Möbius, Muriel Niederle, Paul Niehaus, and Tanya S. Rosenblat
  Working Paper No. 11-14
• Core Competencies, Matching, and the Structure of Foreign Direct Investment
  by Federico J. Díez and Alan C. Spearot
  Working Paper No. 11-13
• A More Equitable Approach to Cutting State Aid
  by Bo Zhao and David Coyne
  NEPPC Policy Brief No. 11-2
• Further Investigations into the Origin of Credit Score Cutoff Rules
  by Ryan Bubb and Alex Kaufman
  Working Paper No. 11-12
• Economic Literacy and Inflation Expectations: Evidence from a Laboratory Experiment
  by Mary A. Burke and Michael Manz
  Public Policy Discussion Paper No. 11-8
• The Role of Expectations in U.S. Inflation Dynamics
  by Jeffrey C. Fuhrer
  Working Paper No. 11-11
• Trends in U.S. Family Income Mobility, 1969–2006
  by Katharine Bradbury
  Working Paper 11-10
• Quantifying the Role of Federal and State Taxes in Mitigating Income Inequality
  by Daniel H. Cooper, Byron F. Lutz, and Michael G. Palumbo
  Public Policy Discussion Paper 11-7
• State Foreclosure Prevention Efforts: Mediation and Financial Assistance
  by Robert Clifford
  NEPPC Research Report 11-3
• Potential Effects of an Increase in Debit Card Fees
  by Joanna Stavins
  Public Policy Brief No. 11-3
• Securitization and Moral Hazard: Evidence from Credit Score Cutoff Rules
  by Ryan Bubb and Alex Kaufman
  Public Policy Discussion Paper 11-6
• Classroom Peer Effects and Student Achievement
  by Mary A. Burke and Tim R. Sass
  Public Policy Discussion Paper 11-5
• Trade Adjustment and Productivity in Large Crises
  by Gita Gopinath and Brent Neiman
  Working Paper 11-9
• Childhood Lead and Academic Performance in Massachusetts
  by Jessica W. Reyes
  NEPPC Working Paper 11-3
• Designing Formulas for Distributing Reductions in State Aid
  by Bo Zhao and David Coyne
  NEPPC Working Paper 11-2
• On the Distribution of College Dropouts: Household Wealth and Uninsurable Idiosyncratic Risk
  by Ali K. Ozdagli and Nicholas Trachter
  Working Paper No. 11-8
• Customer Recognition and Competition
  by Oz Shy and Rune Stenbacka
  Working Paper No. 11-7
  
• An Economic Analysis of the 2010 Proposed Settlement between the Department of Justice and Credit Card Networks
  by Scott Schuh, Oz Shy, Joanna Stavins, and Robert Triest
  Public Policy Discussion Paper No. 11-4
• House Price Growth When Kids are Teenagers: A Path to Higher Intergenerational Achievement?
  by Daniel Cooper and María José Luengo-Prado
  Working Paper No. 11-6
• Self-Employment in the Global Economy
  by Federico J. Díez and Ali K. Ozdagli
  Working Paper No. 11-5
• Municipal Aid Evaluation and Reform
  by Bo Zhao
  NEPPC Working Paper No. 11-1
• A Response to Cogley and Sbordone's Comment on "Closed-Form Estimates of the New Keynesian Phillips Curve with Time-Varying Trend Inflation"
  by Fabià Gumbau-Brisa, Denny Lie, and Giovanni P. Olivei
  Working Paper No. 11-4
• Estimation of Forward-Looking Relationships in Closed Form: An Application to the New Keynesian Phillips Curve
  by Michelle L. Barnes, Fabià Gumbau-Brisa, Denny Lie, and Giovanni P. Olivei
  Working Paper No. 11-3
• Oil and the Macroeconomy in a Changing World: A Conference Summary
  by Christopher L. Foote and Jane S. Little
  Public Policy Discussion Paper No. 11-3
• Explaining Gender-Specific Racial Differences in Obesity Using Biased Self-Reports of Food Intake and Physical Activity
  by Mary A. Burke and Frank W. Heiland
  Working Paper No. 11-2
• The Bank of North Dakota: A Model for Massachusetts and Other States?
  by Yolanda K. Kodrzycki and Tal Elmatad
  NEPPC Research Report No. 11-2
• Adopting, Using, and Discarding Paper and Electronic Payment Instruments: Variation by Age and Race
  by Ronald J. Mann
  Public Policy Discussion Paper No. 11-2
• The Estimated Macroeconomic Effects of the Federal Reserve's Large-Scale Treasury Purchase Program
  by Jeffrey C. Fuhrer and Giovanni P. Olivei
  Public Policy Brief No. 11-2
• Do Commodity Price Spikes Cause Long-Term Inflation?
  by Geoffrey M.B. Tootell
  Public Policy Brief No. 11-1
• The Middle-Skills Gap: Ensuring an Adequate Supply of Skilled Labor in Northern and Southern New England
  by Julia Dennett and Alicia Sasser Modestino
  NEPPC Policy Brief No. 11-1
• The 2009 Survey of Consumer Payment Choice
  by Kevin Foster, Erik Meijer, Scott Schuh, and Michael A. Zabek
  Public Policy Discussion Paper No. 11-1
• How Does New Hampshire Do It? An Analysis of Spending and Revenues in the Absence of a Broad-based Income or Sales Tax
  by Jennifer Weiner
  NEPPC Research Report No. 11-1
• Real Output of Bank Services: What Counts Is What Banks Do, Not What They Own
  by Robert Inklaar and J. Christina Wang
  Working Paper No. 11-1
• Reforming Municipal Aid in Massachusetts: The Case for a Gap-Based Formula
  by Bo Zhao and David Coyne
  NEPPC Policy Brief No. 10-2
• The Financial Structure of Startup Firms: The Role of Assets, Information, and Entrepreneur Characteristics
  by Paroma Sanyal and Catherine L. Mann
  Working Paper 10-17
• Affective Decision Making: A Theory of Optimism Bias
  by Anat Bracha and Donald J. Brown
  Working Paper 10-16
• Internal Sources of Finance and the Great Recession
  by Michelle L. Barnes and N. Aaron Pancost
  Working Paper 10-15
• Characterizing the Amount and Speed of Discounting Procedures
  by Dean T. Jamison and Julian C. Jamison
  Working Paper 10-14
• The Distress Premium Puzzle
  by Ali K. Ozdagli
  Working Paper 10-13
• Evidence of a Credit Crunch? Results from the 2010 Survey of First District Community Banks
  by Jihye Jeon, Judit Montoriol-Garriga, Robert K. Triest, J. Christina Wang
  Public Policy Brief No. 10-3
• Imputing Household Spending in the Panel Study of Income Dynamics: A Comparison of Approaches
  by Daniel Cooper
  Working Paper 10-12
• Branching of Banks and Union Decline
  by Alexey Levkov
  QAU Working Paper 10-7
• Some Evidence on the Importance of Sticky Wages
  by Alessandro Barattieri, Susanto Basu, and Peter Gottschalk
  Working Paper 10-11
• Mismatch in the Labor Market?  Ensuring an Adequate Supply of Skilled Labor in New England
  by Alicia Sasser Modestino
  NEPPC Research Report 10-2
• New England Economic Indicators
  Quarter 3, 2010
• President's Report to the Board of Directors
  November 2010
• Financing Constraints and Unemployment: Evidence from the Great Recession
  by Burcu Duygan-Bump, Alexey Levkov, and Judit Montoriol-Garriga
  QAU Working Paper 10-6
• Strategic Choice of Preferences: The Persona Model
  by David H. Wolpert, Julian Jamison, David Newth, and Michael Harre
  Working Paper 10-10
• Risk, Returns, and Multinational Production
  by José L. Fillat and Stefania Garetto
  QAU Working Paper 10-5
• Addressing the Pro-cyclicality of Capital Requirements with a Dynamic Loan Loss Provision System
  by José L. Fillat and Judit Montoriol-Garriga
  QAU Working Paper 10-4
• A Profile of the Mortgage Crisis in a Low-and-Moderate-Income Community
  by Lynn Fisher, Lauren Lambie-Hanson, and Paul S. Willen
  Public Policy Discussion Paper 10-6
  
• New England Economic Indicators
  Quarter 2, 2010
  
• Reasonable People Did Disagree: Optimism and Pessimism About the U.S. Housing Market Before the Crash
  by Kristopher S. Gerardi, Christopher L. Foote, and Paul S. Willen
  Public Policy Discussion Paper 10-5
• $1.25 Trillion is Still Real Money: Some Facts About the Effects of the Federal Reserve’s Mortgage Market Investments
  by Andreas Fuster and Paul S. Willen
  Public Policy Discussion Paper 10-4
• Research Review
  Issue No. 13
  Summary of research from January-June 2010
• In Search of Real Rigidities
  by Gita Gopinath and Oleg Itskhoki
  Working Paper 10-9
• Who Gains and Who Loses from Credit Card Payments? Theory and Calibrations
  by Scott Schuh, Oz Shy, and Joanna Stavins
  Public Policy Discussion Paper No. 10-3
• Does Springfield Receive Its Fair Share of Municipal Aid? Implications for Aid Formula Reform in Massachusetts
  by Bo Zhao with Marques Benton, Lynn Browne, Prabal Chakrabarti, DeAnna Green, Yolanda K. Kodrzycki, Ana Patricia Muñoz, and Richard Walker
  NEPPC Working Paper 10-4
• Population Aging and State Pensions in New England
  by Richard Woodbury
  NEPPC Research Report 10-1
• Wage Setting Patterns and Monetary Policy: International Evidence
  by Giovanni Olivei and Silvana Tenreyro
  Working Paper 10-8
• The Sensitivity of Long-Term Interest Rates to Economic News: Comment
  by Michelle L. Barnes and N. Aaron Pancost
  Working Paper 10-7
• Moral Hazard, Peer Monitoring, and Microcredit: Field Experimental Evidence from Paraguay
  by Jeffrey Carpenter and Tyler Williams
  Working Paper 10-6
• Public and Private Values
  by Dan Ariely, Anat Bracha, and Jean-Paul L’Huillier
  Working Paper 10-5
• The Role of Expectations and Output in the Inflation Process: An Empirical Assessment
  by Jeffrey C. Fuhrer and Giovanni P. Olivei
  Public Policy Brief 10-2
• The Asymmetric Effects of Tariffs on Intra-Firm Trade and Offshoring Decisions
  by Federico J. Díez
  Working Paper No 10-4
• The Housing Bust and Housing Affordability
  by Robert Clifford
  NEPPC Discussion Paper No. 10-1
• Unaffordable Housing and Local Employment Growth
  by Ritashree Chakrabarti and Junfu Zhang
  NEPPC Working Paper 10-3
• New England Economic Indicators
  Q1 2010
• Mobile Payments in the United States at Retail Point of Sale: Current Market and Future Prospects
  by Marianne Crowe, Marc Rysman, and Joanna Stavins
  Public Policy Discussion Paper 10-2
• How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
  by Burcu Duygan-Bump, Patrick M. Parkinson, Eric S. Rosengren, Gustavo A. Suarez, Paul S. Willen
  QAU Working Paper 10-3
• A Short Survey of Network Economics
  by Oz Shy
  Working Paper 10-3
• What Explains Differences in Foreclosure Rates? A Response to Piskorski, Seru, and Vig
  by Manuel Adelino, Kristopher Gerardi, and Paul S. Willen
  Working Paper 10-2
• Optimal Portfolio Choice with Predictability in House Prices and Transaction Costs
  by Stefano Corradin, José L. Fillat, and Carles Vergara-Alert
  QAU Working Paper 10-2
• Insuring Consumption Using Income-Linked Assets
  by Andreas Fuster and Paul S. Willen
  Working Paper 10-1
• Did Easy Credit Lead to Overspending? Home Equity Borrowing and Household Behavior in the Early 2000s
  by Daniel Cooper
  Public Policy Discussion Paper 09-7
• Person-to-Person Electronic Funds Transfers: Recent Developments and Policy Issues
  by Oz Shy
  Public Policy Discussion Paper 10-1
• Evaluating Business Tax Credits: Reading Between the Lines
  by Jennifer Weiner
  NEPPC Public Policy Brief 10-1
• State Government Budgets and the Recovery Act
  by Katharine Bradbury
  Public Policy Brief 10-1
  
• The Fiscal Impact of Potential Local Option Taxes in Massachusetts
  by Bo Zhao
  NEPPC Working Paper 10-2
• Fair Value Accounting: Villain or Innocent Victim? Exploring the Links Between Fair Value Accounting, Bank Regulatory Capital, and the Recent Financial Crisis
  by Sanders Shaffer
  QAU Working Paper 10-1
• Policymaking Insights from Behavioral Economics
  Book based on Boston Fed's 2007 conference "Implications of Behavioral Economics for Economic Policy"
• Spatial Competition and Cross-Border Shopping
  by Brian Knight, Brown University and NEPPC Visiting Scholar and Nathan Schiff, University of Bristish Columbia
  NEPPC Working Paper 10-1

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