Federal Reserve Bank of Boston Risk & Policy Analysis Unit Research Paper Series

The Federal Reserve Bank of Boston Quantitative Analysis Unit publishes working papers by staff economists and visiting scholars. These papers deal with virtually all areas of economics and finance. Any opinions expressed in the papers are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of Boston or the Federal Reserve System. Contact the series editor Todd Prono at todd.prono@bos.frb.org with questions. To access all the papers in this series, please use the following URL: http://www.ssrn.com/link/FRB-Boston-Quant-Analysis-Unit.html

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