2014 - Volume 46, Issue 1

The Allocation of Aggregate Risk, Secondary Market Trades, and Financial Boom–Bust Cycles

PAUL BEAUDRY,  AMARTYA LAHIRI


Legal Traditions and Initial Endowments in Shaping the Path of Financial Development

DANIEL OTO-PERALÍAS,  DIEGO ROMERO-ÁVILA


Deep Habits in the New Keynesian Phillips Curve

THOMAS A. LUBIK,  WING LEONG TEO


Labor Selection, Turnover Costs, and Optimal Monetary Policy

ESTER FAIA,  WOLFGANG LECHTHALER,  CHRISTIAN MERKL


Location Decisions of Foreign Banks and Competitor Remoteness

STIJN CLAESSENS,  NEELTJE VAN HOREN


Bank Earnings Management and Tail Risk during the Financial Crisis

LEE J. COHEN,  MARCIA MILLON CORNETT,  ALAN J. MARCUS,  HASSAN TEHRANIAN


Who Anticipated the Great Depression? Gustav Cassel versus Keynes and Hayek on the Interwar Gold Standard

DOUGLAS A. IRWIN


Divisia Monetary Aggregates, the Great Ratios, and Classical Money Demand Functions

APOSTOLOS SERLETIS,  PERIKLIS GOGAS


Indeterminacy and Forecastability

IPPEI FUJIWARA,  YASUO HIROSE