2016 - Volume 48, Issue 4

The Changing International Transmission of Financial Shocks: Evidence from a Classical Time-Varying FAVAR

ANGELA ABBATE,  SANDRA EICKMEIER,  WOLFGANG LEMKE,  MASSIMILIANO MARCELLINO


Congress and the Federal Reserve

GREGORY D. HESS,  CAMERON A. SHELTON


Stock Market Participation: Family Responses to Housing Consumption Commitments

BING CHEN,  FRANK P. STAFFORD


Managing Beliefs about Monetary Policy under Discretion

ELMAR MERTENS


Inventory Shocks and the Great Moderation

JAMES MORLEY,  AARTI SINGH


The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis

ALLEN N. BERGER,  BJÖRN IMBIEROWICZ,  CHRISTIAN RAUCH


Second Chances: Subprime Mortgage Modification and Redefault

ANDREW HAUGHWOUT,  EBIERE OKAH,  JOSEPH TRACY


Can We Prove a Bank Guilty of Creating Systemic Risk? A Minority Report

JON DANIELSSON,  KEVIN R. JAMES,  MARCELA VALENZUELA,  ILKNUR ZER