Publications

Educators

February 1984 (Revised March 1990)
Background Note

Risk Adjusted Discount Rates

By: David E. Bell

Keywords: Asset Pricing; Risk and Uncertainty

17 Mar 2025
News

Compare Car Insurance Rates

January 2012 (Revised March 2012)
Teaching Note

Kroll Bond Rating Agency (TN)

Keywords: Bonds

March 1989 (Revised April 1990)
Teaching Note

Interest Rate Exercises, Teaching Note

By: Richard S. Ruback

Keywords: Interest Rates

June 2018
Article

Deviations from Covered Interest Rate Parity

By: Wenxin Du, Alexander Tepper and Adrien Verdelhan

We find that deviations from the covered interest rate parity (CIP) condition imply large, persistent, and systematic arbitrage opportunities in one of the largest asset markets in the world. Contrary to the common view, these deviations for major currencies are not... View Details

Keywords: Interest Rates; Financial Markets; Banks and Banking; Price

Fast Answer

Bonds: average yields by rating

Where can I find the average yields for Moody's and S&P rated corporate bonds? In Bloomberg: For Moody's: Type MOOD press Index and then press GO. For S&P: Type SPWC press Index and then press GO. In Global... View Details

2023
Working Paper

Uniform Rate Setting and the Deposit Channel

By: Juliane Begenau and Erik Stafford

U.S. banks predominantly use uniform deposit rate setting policies, particularly the largest banks. Uniform rate setting ignores local market concentration, and is therefore inconsistent with the identification strategy used to provide cross-sectional evidence of the... View Details

Keywords: Banks and Banking; Financial Markets; Interest Rates; Banking Industry

Fast Answer

Tax rates (by U.S. state)

Administrators: Website includes state comparisons of income, sales, and excise tax rates. Under the menu for Divisions and Programs, select Research & Tax Rates > Current Tax Rates. View Details

Article

You Can't Always Get What You Want: The Real Exchange Rate and Manufacturing Performance in a World of Global Value Chains

By: Laura Alfaro, Alejandro Cuñat, Harald Fadinger and Yanping Liu

Real exchange rate devaluations are typically seen as a viable development strategy, but the effectiveness of the approach may vary over time and across countries. This column explores this issue by focusing on the microeconomics of firm-level responses to exchange... View Details

Keywords: Manufacturing Performance; Real Exchange Rate; Global Value Chains; Economics; Production; Performance

Summer 2005
Article

The Ratings Game: Evaluating the Three Groups that Rate the Charities

By: Stephanie Lowell, Brian Trelstad and Bill Meehan

Keywords: Charity; Charity Navigator; Donors; UNICEF

Article

Earnings and Ratings at Google Answers

By: Benjamin Edelman

I analyze all questions and answers from the inception of the Google Answers service through November 2003, and I find notable trends in answerer behavior: more experienced answerers provide answers with the characteristics askers most value, receiving higher ratings... View Details

Keywords: Service Delivery; Opportunities; Behavior; Value; Jobs and Positions; Wages; Business Earnings

08 Aug 2013
News

Study finds online ratings vulnerable to bias

June 2011 (Revised August 2011)
Background Note

China and the Yuan-Dollar Exchange Rate

By: Aldo Musacchio

This note explains how the People's Bank of China (PBOC) manages (some say manipulate) the dollar-yuan exchange rate. It discusses briefly the process of sterilization in China and the possible costs for the PBOC. Therefore, the note summarizes some of the main... View Details

Keywords: Currency Exchange Rate; China

Educators