Economic Research
Crisis & Responsean overview
Financial Crisis
Recent FRBSF research & analyses
Elements of the Crisis
Housing
Recent Developments in Mortgage Finance • Krainer • FRBSF Economic Letter 2009-33 • October 26, 2009
Mortgage Loan Securitization and Relative Loan Performance • Krainer • Laderman • FRBSF Working Paper 2009-22
Mortgage Default and Mortgage Valuation • Krainer • LeRoy • O • FRBSF Working Paper 2009-20
Falling House Prices and Rising Time on the Market • Krainer • FRBSF Economic Letter 2008-11 • March 21, 2008
The Subprime Mortgage Market: National and Twelfth District Developments • FRBSF 2007 Annual Report
+ Expand
Subprime Mortgage Delinquency Rates • Doms • Furlong • Krainer • FRBSF Working Paper 2007-33
The Mortgage Meltdown, Financial Markets, and the Economy • Yellen • FRBSF Economic Letter 2008-35-36 • November 7, 2008
House Prices and Bank Loan Performance • Krainer • FRBSF Economic Letter 2009-06 • February 6, 2009
Behavior of Libor in the Current Financial Crisis • Kwan • FRBSF Economic Letter 2009-04 • January 23, 2009
A Black Swan in the Money Market • Taylor • Williams • FRBSF Working Paper 2008-04 • April 2008
Credit Crunch
Gauging Aggregate Credit Market Conditions • Lopez • FRBSF Economic Letter 2009-32 • October 19, 2009
Credit Market Conditions and the Use of Bank Lines of Credit • James • FRBSF Economic Letter 2009-27 • August 31, 2009
Fighting Downturns with Fiscal Policy • Leduc • FRBSF Economic Letter 2009-20 • June 19, 2009
Issues Raised by the Credit Crunch and Global Recession • Yellen • Speech delivered May 5, 2009, UC Berkeley, California
Financial Turmoil and the Economy • Furlong • Kwan • Federal Reserve Bank of San Francisco Annual Report 2008
Labor Supply Responses to Changes in Wealth and Credit • Daly • Hobijn • Kwok • FRBSF Economic Letter 2009-05 • January 30, 2009
How Will a Credit Crunch Affect Small Business Finance? • Udell • FRBSF Economic Letter 2009-09 • March 6, 2009
Fed Response
Monetary Policy
Talking about Tomorrow’s Monetary Policy Today • Chehal • Trehan • FRBSF Economic Letter 2009-34 • November 9, 2009
U.S. Monetary Policy: An Introduction
U.S. Monetary Policy Objectives in the Short and Long Run • Yellen • FRBSF Economic Letter 2009-01-02 • January 9, 2009
Heeding Daedalus: Optimal Inflation and the Zero Lower Bound • Williams • FRBSF Working Paper 2009-23
The Fed's Monetary Policy Response to the Current Crisis • Rudebusch • FRBSF Economic Letter 2009-17 • May 22, 2009
Monetary Policy and Asset Prices • Lansing • FRBSF Economic Letter 2009-34 • October 31, 2008
Monetary Policy and Asset Price Bubbles • Rudebusch • FRBSF Economic Letter 2005-18 • August 5, 2005
Unconventional Actions
Do Central Bank Liquidity Facilities Affect Interbank Lending Rates? • Christensen • Lopez • Rudebusch • FRBSF Working Paper 2009-13
Have the Fed Liquidity Facilities Had an Effect on Libor? • Christensen • FRBSF Economic Letter 2009-25 • August 10, 2009
A View of the Economic Crisis and the Federal Reserve's Response • Yellen • FRBSF Economic Letter 2009-22 • July 6, 2009
Economic Aftermath
Recession and Outlook
Inflation Expectations and the Risk of Deflation • Christensen • FRBSF Economic Letter 2009-34 • November 2, 2009
Disagreement about the Inflation Outlook • Leduc • Rudebusch • Weidner • FRBSF Economic Letter 2009-31 • October 5, 2009
New Highs in Unemployment Insurance Claims • Cleary • Kwok • Valletta • FRBSF Economic Letter 2009-28 • September 8, 2009
The Outlook for Recovery in the U.S. Economy • Yellen • Speech delivered September 14, 2009
FedViews • October 13, 2009 • Rudebusch
Growth Accounting, Potential Output, and the Current Recession • Fernald • Matoba • FRBSF Economic Letter 2009-26 • August 17, 2009
Beige Book • October 21, 2009: Summary • 12th District • Full report (national)
The Risk of Deflation • Williams • FRBSF Economic Letter 2009-12 • March 27, 2009
Jobless Recovery Redux • Daly • Hobijn • Kwok • FRBSF Economic Letter 2009-18 • June 5, 2009
U.S. Household Deleveraging and Future Consumption Growth • Glick • Lansing • FRBSF Economic Letter 2009-16 • May 15, 2009
Real-time Analysis
Predicting Crises, Part II: Did Anything Matter (to Everybody)? • Rose • Spiegel • FRBSF Economic Letter 2009-30 • September 28, 2009
Predicting Crises, Part I: Do Coming Crises Cast Their Shadows Before? • Trehan • FRBSF Economic Letter 2009-29 • September 21, 2009
Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure • Rose • Spiegel • FRBSF Working Paper 2009-18
Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning • Rose • Spiegel • FRBSF Working Paper 2009-17
How Big Is the Output Gap? • Weidner • Williams • FRBSF Economic Letter 2009-19 • June 12, 2009
Sectoral Reallocation and Unemployment • Valletta • Cleary • FRBSF Economic Letter 2008-32 • October 17, 2008
Are Fiscal Stimulus Funds Going to the "Right" States? • Wilson • FRBSF Economic Leter • April 17
Unanchored Expectations? Interpreting the Evidence from Inflation Surveys • Huang • Trehan • FRBSF Economic Letter 2008-23 • July 25, 2008