Working Papers by Date, 1991 to 1994

Online versions of working papers are available from 1991 on.

1994 Series

No. 94-6
“Near Observational Equivalence and Persistence in GNP”
by Stephen R. Blough

Abstract

Full Text pdf

No. 94-5
“Gifts, Down Payments, and Housing Affordability”
by Christopher J. Mayer and Gary Engelhardt
Revised article published in Journal of Housing Research (Summer 1996).

Abstract

Full Text pdf

No. 94-4
“Estimating Revenues from Tax Reform in Transition Economies”
by Yolanda K. Kodrzycki
Revised paper was published in Tax Modeling for Economies in Transition, OECD: Macmillan (1998).

Abstract

Full Text pdf

No. 94-3
“Near Common Factors and Confidence Regions for Present Value Models”
by Stephen R. Blough

Abstract

Full Text pdf

No. 94-2
“Optimal Monetary Policy in a Model of Overlapping Price Contracts”
by Jeffrey C. Fuhrer
Revised article published in Journal of Money, Credit and Banking 29, no. 2 (May 1997): 214-34.

Abstract

Full Text pdf

No. 94-1
“Monetary Policy When Interest Rates Are Bounded at Zero”
by Jeffrey C. Fuhrer and Brian Madigan
Revised article published in Review of Economics and Statistics 79 (November 1997): 573-85.

Abstract

Full Text pdf

↑ top

1993 Series

No. 93-6
“Equity and Time to Sale in the Real Estate Market”
by David Genesove and Christopher J. Mayer
Revised article published in American Economic Review 87, no. 3 (June 1997): 255-69.

Abstract

Full Text pdf

No. 93-5
“Reverse Mortgages and the Liquidity of Housing Wealth”
by Christopher J. Mayer and Katerina V. Simons
Revised article published in AREUEA 22, no. 2 (Summer 1994): 235-55.

Abstract

Full Text pdf

No. 93-4
“Empirical Evidence on Vertical Foreclosure”
by Eric S. Rosengren and James W. Meehan, Jr.
Revised article published in Economic Inquiry 32, no. 2 (April 1994): 303-17.

Abstract

Full Text pdf

No. 93-3
“A Model of Real Estate Auctions versus Negotiated Sales”
by Christopher J. Mayer
Revised article published in Journal of Urban Economics 38 (July 1995): 1-22.

Abstract

Full Text pdf

No. 93-2
“Bank Regulation and the Credit Crunch”
by Joe Peek and Eric Rosengren
Revised article published in Journal of Banking and Finance 19, no. 1 (June 1995): 769-92.

Abstract

Full Text pdf

No. 93-1
“Assessing the Performance of Real Estate Auctions”
by Christopher J. Mayer

Abstract

Full Text pdf

↑ top

1992 Series

No. 92-7
“Mortgage Lending in Boston: Interpreting HMDA Data”
by Alicia H. Munnell, Lynn E. Browne, James McEneaney, and Geoffrey M.B. Tootell
Revised article published in American Economic Review 86, no. 1 (March 1996): 25-53.

Abstract

Full Text pdf

No. 92-6
“Defaults of Original Issue High-Yield Bonds”
by Eric S. Rosengren
Revised article published in Journal of Finance 48, no. 1 (March 1993): 345-62.

Abstract

Full Text pdf

No. 92-5
“Failed Bank Resolution and the Collateral Crunch: The Advantages of Adopting Transferable Puts”
by Eric S. Rosengren and Katerina Simons
Revised article published in AREUEA 22, no. 1 (Spring 1994): 135-47.

Abstract

Full Text pdf

No. 92-4
“The Role of Real Estate in the New England Credit Crunch”
by Joe Peek and Eric S. Rosengren
Revised article published in AREUEA 22, no. 1 (Spring 1994): 33-58.

Abstract

Full Text pdf

No. 92-3
“Tobin's q, Economic Rents, and the Optimal Stock of Capital”
by Richard W. Kopcke

Abstract

Full Text pdf

No. 92-2
“The Real Exchange Rate and Foreign Direct Investment in the United States: Relative Wealth vs. Relative Wage Effects”
by Michael W. Klein and Eric S. Rosengren
Revised article published in Journal of International Economics 36, no. 3/4 (May 1994): 373-90.

Abstract

Full Text pdf

No. 92-1
“Back to the Future: Monetary Policy and the Twin Deficits”
by Geoffrey M.B. Tootell

Abstract

Full Text pdf

↑ top

1991 Series

No. 91-8
“Economic Rents, the Demand for Capital, and Financial Structure”
by Richard W. Kopcke

Abstract

Full Text pdf

No. 91-7
“The Measurement and Determinants of Single-Family House Prices”
by Joe Peek and James A. Wilcox
Revised article published in AREUEA 19, no. 3 (Fall 1991): 353-82.

Abstract

Full Text pdf

No. 91-6
“Treasury Bill Rates in the 1970s and 1980s”
by Patric H. Hendershott and Joe Peek
Revised article published in Journal of Money, Credit and Banking 24, (May 1992): 195-214.

Abstract

Full Text pdf

No. 91-5
“What Is the Impact of Pensions on Saving? The Need for Good Data”
by Alicia H. Munnell and Frederick O. Yohn
Revised article published in Pensions and the Economy: Sources, Uses, and Limitations of Data, University of Pennsylvania Press for the Pension Research Council (1992).

Abstract

Full Text pdf

No. 91-4
“The Capital Crunch: Neither a Borrower Nor a Lender Be”
by Joe Peek and Eric Rosengren
Revised article published in Journal of Money, Credit and Banking 27, no. 3 (August 1995): 625-38.

Abstract

Full Text pdf

No. 91-3
“The Capitalization and Portfolio Risk of Insurance Companies”
by Richard W. Kopcke

Abstract

Full Text pdf

No. 91-2
“Are Pensions Worth the Cost?”
by Alicia H. Munnell
Revised article published in National Tax Journal, May 9 - 10, 1991 XLIV, no. 3 (September 1991): 393-403.

Abstract

Full Text pdf

No. 91-1
“Why State Medicaid Costs Vary: A First Look”
by Jane Sneddon Little

Abstract

Full Text pdf

↑ top