FRB Working Papers

Staff working papers in the Finance and Economics Discussion Series (FEDS) and International Finance Discussion Papers (IFDPS) are preliminary materials circulated to stimulate discussion and critical comment.

Staff working papers in the Finance and Economics Discussion Series (FEDS) and International Finance Discussion Papers (IFDPS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. References in publications to the FEDS or IFDPS (other than acknowledgment) should be cleared with the author(s) to protect the tentative character of these papers.
  1. James F. Albertus and...
  2. Mike Zabek | If...
  3. Joaquin...