Research Working Paper Archive

Research staff produce Research Working Papers on a wide range of economic topics.

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442 result(s) found
Article Title Author(s) Date Type

Incomplete Information and Irreversible Investment

Firms have incomplete information and investment is irreversible—two frictions that result in the misallocation of capital.

Quantitative Methods Research Working Paper Macroeconomics
Jonathan J. Adams
Cheng Chen
Min Fang
Takahiro Hattori
Eugenio Rojas Expandable Row
September 5, 2025
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Unconventional Monetary Policy Spillovers and the (In)convenience of Treasuries

When the convenience of U.S. Treasuries wanes, yields are more exposed to large-scale asset purchases by the European Central Bank.

Quantitative Methods Research Working Paper International Banking and Finance Data and Trends
Karlye Dilts Stedman
Andrew Hanson Expandable Row
September 4, 2025
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Evaluating Macroeconomic Outcomes Under Asymmetries: Expectations Matter

Household and firm expectations play a key role in determining the effects of asymmetries on macroeconomic outcomes.

Research Working Paper Monetary Policy Macroeconomics
Brent Bundick
Isabel Cairó
Nicolas Petrosky-Nadeau Expandable Row
September 4, 2025
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Revisiting Adam Smith and the Division of Labor: New Evidence from U.S. Occupational Data, 1860–1940

Historical U.S. data support Adam Smith’s theory that market growth and innovation boost labor specialization and productivity.

Labor and Demographics Research Working Paper
Nicholas A. Carollo
Elior Cohen
Jingyi Huang Expandable Row
September 3, 2025
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Worker and Firm Search in the Labor Market: Evidence from Classified Advertisements

New city-level and national measures of firm and worker job searches offer insight into early 20th-century U.S. labor markets.

Labor and Demographics Research Working Paper Macroeconomics Data and Trends
Huixin Bi
Nicolas Petrosky-Nadeau
Nora Traum
Greg Woodward Expandable Row
August 1, 2025
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What Are Empirical Monetary Policy Shocks? Estimating the Term Structure of Policy News

Monetary policy shocks contain a mixture of information about policy; a new method disentangles their components.

Research Working Paper Monetary Policy Macroeconomics
Jonathan J. Adams
Philip Barrett Expandable Row
July 16, 2025
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Measuring the Spectrum of Occupational Emissions

A new data-driven approach reveals which occupations are most exposed to shifts in the energy mix.

Natural Resources and Environment Labor and Demographics Economic Geography Research Working Paper Energy Regional Data and Trends
Elior Cohen
Nida Çakır Melek Expandable Row
July 1, 2025
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The Optimal Monetary Policy Response to Belief Distortions: Model-Free Evidence

Data suggest that monetary policy should ease to offset inflation over-pessimism among households.

Research Working Paper Monetary Policy Macroeconomics
Jonathan J. Adams
Symeon Taipliadis Expandable Row
June 23, 2025
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How High Does High Frequency Need to Be? A Comparison of Daily and Intradaily Monetary Policy Surprises

Daily data can be a reasonable substitute for intraday data in measuring the effects of monetary policy announcements, with some adjustments.

Quantitative Methods Research Working Paper Banking and Finance Data and Trends
Phillip An
Karlye Dilts Stedman
Amaze Lusompa Expandable Row
May 16, 2025
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Monetary Policy Transmission, Bank Market Power, and Income Source

Banks can maintain lower deposit rates due to market power in financial services.

Quantitative Methods Payments Research Working Paper Monetary Policy Banking and Finance
Isabel Gödl-Hanisch
Jordan Pandolfo Expandable Row
April 25, 2025
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