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Research Update
Papers Presented by Economists in the Research
and Statistics Group
Number 4, 2009
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“The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market,” Morten Bech. European Central Bank Workshop “Challenges to Monetary Policy Implementation beyond the Financial Market Turbulence,” Frankfurt, Germany, December 1. With Elizabeth Klee.
 
“Estimating the Cross-Sectional Distribution of Price Stickiness from Aggregate Data,” Carlos Carvalho. Understanding Price Dynamics: Recent Advances, a conference cosponsored by Banque de France and DGCCRF (General Directorate for Competition, Consumer Affairs, and Fraud Control), Paris, France, October 15. With Niels Dam.
 
“Price Setting in a Variable Macroeconomic Environment: Evidence from Brazilian CPI,” Carlos Carvalho. Danmarks Nationalbank seminar, Copenhagen, Denmark, October 1. With Rebecca Barros, Marco Bonomo, and Silvia Matos.
 
“Sectoral Price Facts in a Sticky-Price Model,” Carlos Carvalho. Sveriges Riksbank seminar, Stockholm, Sweden, October 6. With Jae Won Lee. Also presented at a Norges Bank seminar, Oslo, Norway, October 19, and a CREI (Centre de Recerca en Economia Internacional) seminar, Barcelona, Spain, October 29.
 
“Do Charter Schools Crowd Out Private Enrollment? Evidence from Michigan,” Rajashri Chakrabarti. Association for Public Policy Analysis and Management seminar, Washington, D.C., November 5. With Joydeep Roy. Also presented at a University of Connecticut seminar, Hartford, Connecticut, December 11.
 
“Conventional and Unconventional Monetary Policy,” Vasco Cúrdia. Sveriges Riksbank seminar, Stockholm, Sweden, November 7. With Michael Woodford. Also presented at a Rutgers University seminar, New Brunswick, New Jersey, December 1.
 
“Do Colleges and Universities Increase Their Region’s Human Capital?” Richard Deitz. Fifty-sixth North American Meetings of the Regional Science Association International, San Francisco, California, November 21. With Jaison Abel.
 
“Broker-Dealer Risk Appetite and Commodity Returns,” Erkko Etula. Universidad Carlos III seminar, Madrid, Spain, November 16.
 
“Repo Market Effects of the Term Securities Lending Facility,” Michael Fleming. Sir John Cass Business School seminar, London, England, October 5. With Warren Hrung and Frank Keane. Also presented at the Central Bank and Financial Services Authority of Ireland, Dublin, Ireland, October 6.
 
“Social Security, Benefit Claiming, and Labor Force Participation: A Quantitative General Equilibrium Approach,” Sagiri Kitao. Stony Brook University Economics Department seminar, Stony Brook, New York, October 20. With Selahattin Imrohoroglu.
 
“Precautionary Reserves and the Interbank Market,” James McAndrews and David Skeie. European Central Bank Workshop “Challenges to Monetary Policy Implementation,” Frankfurt, Germany, December 1. With Adam Ashcraft.
 
“Compensation and Leverage,” Hamid Mehran. Federal Deposit Insurance Corporation workshop, Washington, D.C., December 16.
 
“Compensation in the Banking Industry,” Hamid Mehran. Bank of Italy seminar, Rome, Italy, September 30.
 
“What Can We Learn from Privately Held Firms about Executive Compensation?” Hamid Mehran. Fourth Bank of Italy–CEPR Conference on Money, Banking, and Finance, Rome, Italy, October 1. With Rebel Cole.
 
“Are Comovements Excessive?” Asani Sarkar. Rotterdam School of Management seminar, Rotterdam, the Netherlands, December 8. With Maria Kasch.
 
“Capital Constraints, Counterparty Risk, and Deviations from CIP,” Asani Sarkar. University of Tilburg seminar, Tilburg, the Netherlands, December 7. With Niall Coffey and Warren Hrung.
 
“Federal Reserve Liquidity Tools,” Asani Sarkar. World Research Group Quant Trading Forum, New York City, October 22.
 
“Bank Liquidity, Interbank Markets, and Monetary Policy,” David Skeie. Latin American Meeting of the Econometric Society, Buenos Aires, Argentina, October 1. With Xavier Freixas and Antoine Martin.
 
“The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions,” Giorgio Topa. CIRANO– CIREQ Conference on the Econometrics of Interactions, Montreal, Quebec, Canada, October 22. With Alberto Bisin and Andrea Moro.
 
“MBS Ratings and the Mortgage Credit Boom,” James Vickery. Fifth New York Fed–NYU Stern Conference on Financial Intermediation, New York City, November 13. With Adam Ashcraft and Paul Goldsmith-Pinkham.
 
“How Do College Students Form Expectations?” Basit Zafar. New York University seminar, New York City, November 30.