known, was created within the federal government in 1938. Its business was to purchase mortgages insured by the Federal … efficient balance sheet management for financial institutions. Fannie Mae’s and Freddie Mac’s second line of business is … their business activities to the secondary residential mortgage market, they also provide them with a number of advantages …

-parameter model. Our estimates show that three kinds of shocks accounted for most of the Great Moderation and business … shocks accounted for most of the Great Moderation and business-cycle fluctuations: capital depreciation shocks, neutral …. Our estimates show that three kinds of shocks accounted for most of the Great Moderation and business-cycle fluctuations …

business services, and other services. - 9 - C. Are Undocumented Workers Correctly Identified? It is crucial to … Economics 35(1) (July 2007): 95-110. Bhaskar, V., Alan Manning, and Ted To, "Oligopsony and Monopsonistic Competition in …

Economics, UCLA, 8283 Bunche Hall, Box 951477, Los Angeles, CA 90095-1477, 310-825-6547, rfarmer@econ.ucla.edu; Daniel F … switching models in economics were first discussed by Hamilton (1989) who applied them to autoregressive models of gdp where the … the following expression, xt = Astxt¡1 +Bst»t; (10) 2Since there is a large economics literature that uses the term Markov …

S. A. Ross, 1986, “Economic Forces and the Stock Market,” Journal of Business, 59, 383–404. Cochrane, J. H., 1996, “A … Factors in the Returns on Stocks and Bonds,” Journal of Financial Economics, 33, 3–56. Ferson, W. E., and R. W. Schadt, 1996 …: Alternative Methods and their Performance in Simulations,” Journal of Financial Economics, 84, 40–86. 22 Table 1 Estimates and t …

the total FHLB System membership. By contrast, the table also shows the extent to which each bank's business is … the second half of 2007. By contrast, the FHLB System saw a brisk business: in August and September alone, the FHLB … find any effect in the data at all given speculation in the business press that LIBOR panel banks were shading their …

so much across countries? This is one of the most important questions in economics. According to the Penn World Tables … business. The theory is supported by strong empirical evidence. For example, Djankov et. al. (2002) analyze the data on the … regulatory cost of setting up a new business in 85 countries, and nd a negative correlation between GDP per capita and the ratio …

Business, New York University, 44 West Fourth Street, New York, NY 10012-1126, 212-998-0880, lwhite@stern.nyu.edu. Federal … Technological Change, Financial Innovation, and Diffusion in Banking I. Introduction The commercial banking business has … banking technologies and synthesizing these studies in the context of the broader economics literature on innovation. In …