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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