http://www.frbatlanta.org/ The Federal Reserve Bank of Atlanta and the other eleven Reserve banks play an important part in all three of the Fed's functions--monetary policy, bank supervision and regulation, and the operation of a narionwide payments system http://www.frbatlanta.org/images/icon_frblogo.jpg http://www.frbatlanta.org http://www.frbatlanta.org/pubs/wp/working_paper_2010-4.cfm Mon, 08 Mar 2010 11:21:21 EST Working Paper 2010-4 by Nikolay Gospodinov, Raymond Kan, and Cesare Robotti. The authors provide an in-depth analysis of the theoretical and statistical properties of the Hansen- Jagannathan distance with a no-arbitrage constraint and find that ranking models using this metric can be problematic. http://www.frbatlanta.org/pubs/wp/working_paper_2010-1.cfm Wed, 24 Feb 2010 11:21:21 EST Working Paper 2010-1 by Zheng Liu, Pengfei Wang, and Tao Zha. Combining two key features into a dynamic stochastic general equilibrium model, the authors are able to generate an empirically important mechanism that explains the persistent comovements between housing prices and business investment. http://www.frbatlanta.org/pubs/wp/working_paper_2010-2.cfm Wed, 24 Feb 2010 11:21:21 EST Working Paper 2010-2 by Julie L. Hotchkiss, M. Melinda Pitts, and Mary Beth Walker. Investigating women's decision to exit the labor market upon the birth of a child, the authors determine exit rates among single, less educated women are consistent with change in overall female labor force participation. http://www.frbatlanta.org/pubs/wp/working_paper_2010-3.cfm Wed, 24 Feb 2010 11:21:21 EST Working Paper 2010-3 by Federico S. Mandelman, Pau Rabanal, Juan F. Rubio-Ramirez, and Diego Vilan. This paper shows that while a thoughtful calibration of investment-specific technology shocks is useful to address several existent puzzles in the open macro literature, the actual estimated shocks are powerless to explain any of them.