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Federal Reserve Bank of Atlanta Publications
Announcements about research, economic education, and community development publications from the Federal Reserve Bank of Atlanta.

• Assessing the Welfare Impact of the 2001 Tax Reform on Dual-Earner Families
  Working Paper 2007-27 by Julie L. Hotchkiss and Robert E. Moore. Using a household labor supply model, the authors find that high-education families and families with multiple children experienced the largest welfare gains from the 2001 tax reforms.
• Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities
  Working Paper 2007-26 by Tatiana Kirsanova and Simon Wren-Lewis. The authors examine the extent to which different degrees of fiscal feedback influence the ability of monetary policy to stabilize output and inflation.
• Equilibrium Mortgage Choice and Housing Tenure Decisions with Refinancing
  Working Paper 2007-25 by Matthew S. Chambers, Carlos Garriga, and Don Schlagenhauf. Mortgage loan products that allow low down payments or an increasing repayment schedule can temporarily increase participation of young and lower-income households, but not without potential future costs.
• Optimal Simple and Implementable Monetary and Fiscal Rules
  Working Paper 2007-24 by Stephanie Schmitt-Grohé and Martín Uribe. Examining the welfare consequences of alternative monetary and fiscal policy rules, the authors find that optimal monetary policy features an aggressive response to inflation but a muted response to output.
• Fed Proposes New Rules on Unfair Lending
  Financial Update, Fourth Quarter 2007. The Federal Reserve Board is asking for public comment on proposed provisions aimed at protecting consumers from unfair or deceptive home mortgage lending and advertising practices.
• Fed Study Shows Two-Thirds of Noncash Payments Electronic
  Financial Update, Fourth Quarter 2007. The latest Federal Reserve study of noncash payments showed that more than two-thirds of all U.S noncash payments in 2006 were made electronically. The study also found that check use continues to fall.
• Rules Would Streamline Disputes of Inaccuracies
  Financial Update, Fourth Quarter 2007. Federal regulatory agencies have approved proposed regulations and guidelines that would allow consumers to directly dispute inaccuracies with financial institutions and other entities that furnish information to consumer reporting agencies.
• FOMC to Increase Economic Projections
  Financial Update, Fourth Quarter 2007. The Federal Open Market Committee, the monetary policymaking arm of the Federal Reserve, recently announced that it will increase the frequency and expand the content of its economic projections.
• Atlanta Fed Chief Sees Markets Calming in '08
  Financial Update, Fourth Quarter 2007. Atlanta Fed President Dennis P. Lockhart believes the nation's economy will slow moderately over the coming quarters, picking up speed by late 2008 as the housing market recovers.
• Fed Governor Kroszner Discusses Mortgage Practices With Congress
  Financial Update, Fourth Quarter 2007. With housing markets still roiling, Federal Reserve Governor Randall S. Kroszner recently testified before lawmakers about ways to improve how subprime mortgages are made.
• Fed Board of Governors Provides Tips for Secure Checking Accounts
  Financial Update, Fourth Quarter 2007. To help educate consumers about how to better protect their bank accounts, the Federal Reserve has published a set of precautions that can help safeguard checking accounts from fraud.
• Extra Credit, Fall 2007
  This online economic and financial education newsletter is designed for classroom teachers in middle and high school. Published twice a year, Extra Credit provides informative articles, lesson plans and activities, teaching tips, and a calendar of teaching workshops and events. Articles in the fall 2007 issue focus on Fed Chairman Ben Bernanke and Atlanta Fed President Dennis Lockhart discussing education, a new Spanish transcript of the DVD of Katrina's Classroom personal finance curriculum, the Atlanta Fed's second annual Lesson Plan of the Year contest, the benefits and costs to foreign countries of dollarizing their economies, and the advantages to students of opening a bank account.
• Lockhart: Balance of Risk Has Shifted to Slower Growth
  Financial Update, Fourth Quarter 2007. Recent volatility in financial markets shifted the balance of economic risks from higher inflation toward slower growth, Atlanta Fed President and Chief Executive Officer Dennis P. Lockhart said in a recent speech.
• Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
  Working Paper 2007-23 by Zheng Liu, Daniel F. Waggoner, and Tao Zha. Expectation effects of regime changes are quantitatively important and asymmetric when monetary policy switches between a hawkish regime and a dovish one. Thus, these effects need be taken into account in dynamic stochastic general equilibrium modeling.
• A Discrete Choice Model of Dividend Reinvestment Plans: Classification and Prediction
  Working Paper 2007-22 by Thomas P. Boehm and Ramon P. DeGennaro. The authors construct a model to predict whether firms will add or drop dividend reinvestment plans and determine the factors driving this decision. They provide managerial and investment implications of their research.
• EconSouth Third Quarter 2007 now online
  Articles include: 110 Degrees in the Shade: Drought Sears the Southeast examines the impact of this summer's severe drought. The parched region and its agricultural sector are still adding up the toll that Mother Nature exacted. Latin Multinationals Become Global Headliners looks at some of the firms that are part of a global movement of large companies from emerging economies. These companies are pursuing profits and market share in developed nations, often through acquisitions. The Past, Present, and Future of Futures examines the marketplaces in which futures contracts are created and traded. These firms have come a long way from their origins in the 19th century and now play a major role in the global financial system. The Gulf Coast: Still Laboring Toward Recovery surveys the region two years after Hurricane Katrina roared through the Gulf Coast. Rebuilding continues, but despite the considerable progress made much remains to be done to achieve normalcy. EconSouth Now provides podcasts with Atlanta Fed economists and other experts that complement EconSouth. Listen to an interview with Javier Santiso of the Organisation for Economic Co-operation and Development about the growth of multinational corporations.
• New HMDA Data Show Changes in Mortgage Market
  Financial Update, Third Quarter 2007. Recent information released under the Home Mortgage Disclosure Act shows the changes taking place in the mortgage market, such as the growth of mortgage companies as lenders of choice.
• Accounting for Changes in the Homeownership Rate
  Working Paper 2007-21 by Matthew Chambers, Carlos Garriga, and Don E. Schlagenhauf. The U.S. homeownership rate increased during the 1994-2005 period after thirty years of relative stability. The authors examine demographic changes and mortgage market innovations to determine reasons for the increase.
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