Leonard I. Nakamura

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

SCHOLARLY PAPERS

34

DOWNLOADS
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Top 9,218

in Total Papers Downloads

3,903

CITATIONS
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SSRN RANKINGS

Top 3,382

in Total Papers Citations

160

Scholarly Papers (34)

1.
Downloads 440 ( 50,262)
Citation 2

Credit Ratings and Bank Monitoring Ability

European Banking Center Discussion Paper No. 2010-10S, CentER Discussion Paper Series No. 2010-37S
Number of pages: 47 Posted: 17 Mar 2008 Last Revised: 07 Apr 2010
Leonard I. Nakamura and Kasper Roszbach
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Sveriges Riksbank (Bank of Sweden)
Downloads 264 (90,229)
Citation 2

Abstract:

Monitoring, banks, credit bureau, private information, ratings, regulation, supervision.

Credit Ratings and Bank Monitoring Ability

FRB of Philadelphia Working Paper No. 10-21 (Superseded by Working Paper 13-21)
Number of pages: 59 Posted: 11 Jun 2010 Last Revised: 22 Jun 2016
Leonard I. Nakamura and Kasper Roszbach
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Sveriges Riksbank (Bank of Sweden)
Downloads 106 (204,666)
Citation 2

Abstract:

Monitoring, banks, credit bureau, private information, ratings, regulation, supervision

Credit Ratings and Bank Monitoring Ability

FRB of Philadelphia Working Paper No. 13-21
Number of pages: 60 Posted: 25 May 2013
Leonard I. Nakamura and Kasper Roszbach
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Sveriges Riksbank (Bank of Sweden)
Downloads 70 (267,276)
Citation 2

Abstract:

Monitoring, banks, credit bureau, private information, ratings, regulation, supervision, overconfidence

2.

Checking Accounts and Bank Monitoring

FRB of Philadelphia Working Paper No. 01-3
Number of pages: 39 Posted: 01 May 2001
Loretta J. Mester, Leonard I. Nakamura and Micheline Renault
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Quebec at Montreal
Downloads 306 (64,583)
Citation 43

Abstract:

3.

Education and Training in an Era of Creative Destruction

FRB of Philadelphia Working Paper No. 00-13/R
Number of pages: 40 Posted: 04 Jan 2001
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 263 (88,912)
Citation 1

Abstract:

education, creative destruction

4.

Transactions Accounts and Loan Monitoring

FRB of Philadelphia Working Paper No. 05-14
Number of pages: 45 Posted: 14 Sep 2005
Loretta J. Mester and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 259 (80,510)
Citation 39

Abstract:

Collateral, Asset-based lending, Operating loan, Monitoring, Transactions account

5.
Downloads 221 (108,987)
Citation 5

Intangible Assets and National Income Accounting

FRB of Philadelphia Working Paper No. 08-23
Number of pages: 36 Posted: 16 Oct 2008
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 220 (109,086)
Citation 5

Abstract:

Intangible Assets and National Income Accounting

Review of Income and Wealth, Vol. 56, Issue s1, pp. S135-S155, June 2010
Number of pages: 21 Posted: 29 Jun 2010
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 1 (549,838)
Citation 5

Abstract:

6.

Advertising, Intangible Assets, and Unpriced Entertainment

FRB Philadelphia Working Paper No. 05-11
Number of pages: 30 Posted: 28 Jul 2005
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 203 (115,778)
Citation 1

Abstract:

Advertising, Entertainment, Intangible, Measurement

7.

National Income Accounts

FRB of Philadelphia Working Paper No. 06-11
Number of pages: 27 Posted: 10 Jul 2006
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 198 (113,057)
Citation 3

Abstract:

National income accounts, Welfare, Measurement

8.

Intangible Assets and National Income Accounting: Measuring a Scientific Revolution

FRB of Philadelphia Working Paper No. 09-11
Number of pages: 41 Posted: 14 May 2009 Last Revised: 19 Aug 2009
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 185 (119,071)
Citation 4

Abstract:

Intangible Assets, National Income Accounting, Productivity, Scientific Revolution

9.

Hedonic Estimates of the Cost of Housing Services: Rental and Owner-Occupied Units

FRB of Philadelphia Working Paper No. 04-22
Number of pages: 35 Posted: 29 Oct 2004
Theodore M. Crone, Leonard I. Nakamura and Richard Voith
Swarthmore College, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Econsult Corporation
Downloads 184 (120,163)
Citation 6

Abstract:

Index numbers and aggregation, price level, housing demand

10.

Banking and Finance in Argentina in the Period 1900-35

FRB Philadelphia Working Paper No. 01-7
Number of pages: 49 Posted: 03 Jul 2001
Leonard I. Nakamura and Carlos E.J.M. Zarazaga
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Center for Latin American Economies, Federal Reser
Downloads 152 (144,008)
Citation 1

Abstract:

11.

Transaction Accounts and Loan Monitoring

FRB of Philadelphia Working Paper No. 04-20
Number of pages: 44 Posted: 28 Oct 2004
Loretta J. Mester, Leonard I. Nakamura and Micheline Renault
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Quebec at Montreal
Downloads 141 (160,113)
Citation 39

Abstract:

Collateral, asset-based lending, operating loan, monitoring, transaction account

12.

Subprime Mortgages and the Housing Bubble

FRB of Philadelphia Working Paper No. 11-12
Number of pages: 47 Posted: 07 Mar 2011
Jan K. Brueckner, Paul S. Calem and Leonard I. Nakamura
University of California, Irvine - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 117 (177,990)
Citation 3

Abstract:

House-Price Expectations, Alternative Mortgage Products, and Default

FRB of Philadelphia Working Paper No. 15-01
Number of pages: 44 Posted: 23 Jan 2015
Jan K. Brueckner, Paul S. Calem and Leonard I. Nakamura
University of California, Irvine - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 32 (379,701)

Abstract:

Mortgages, Mortgage Loans

House-Price Expectations, Alternative Mortgage Products, and Default

FRB of Philadelphia Working Paper No. 13-36
Number of pages: 33 Posted: 16 Sep 2013
Jan K. Brueckner, Paul S. Calem and Leonard I. Nakamura
University of California, Irvine - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 25 (412,561)

Abstract:

Mortgages, Backloading

House-Price Expectations, Alternative Mortgage Products, and Default

FRB of Philadelphia Working Paper No. 15-1
Number of pages: 44 Posted: 18 Aug 2015
Jan K. Brueckner, Paul S. Calem and Leonard I. Nakamura
University of California, Irvine - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 23 (423,326)

Abstract:

Mortgage loans, Mortgages

Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

FRB of Philadelphia Working Paper No. 10-22
Number of pages: 23 Posted: 01 Jul 2010 Last Revised: 25 Oct 2014
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 42 (342,730)
Citation 1

Abstract:

Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

NBER Working Paper No. w17006
Number of pages: 22 Posted: 09 May 2011
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 22 (428,890)
Citation 1

Abstract:

Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

FRB of Philadelphia Working Paper No. 13-2
Number of pages: 23 Posted: 26 Dec 2012
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 12 (485,751)
Citation 1

Abstract:

Financial regultion, Flow of Funds

15.

Implications of the Housing Market Bubble for Sustainable Homeownership

THE AMERICAN MORTGAGE SYSTEM: RETHINK AND REFORM, Susan Wachter and Marty Smith, eds., University of Pennsylvania Press, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 10-27
Number of pages: 33 Posted: 03 Nov 2010
Paul Calem, Leonard I. Nakamura and Susan M. Wachter
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 74 (239,227)

Abstract:

Mortgage, High Risk Mortgage, High Risk Lending, Securitization, Risk Transfer, Housing Bubble

16.

Credit Cycle and Adverse Selection Effects in Consumer Credit Markets - Evidence from the HELOC Market

FRB of Philadelphia Working Paper No. 11-13
Number of pages: 42 Posted: 10 Mar 2011
Paul S. Calem, Matthew Cannon and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, CoreLogic and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 71 (244,677)
Citation 1

Abstract:

17.

Mismeasured Personal Saving and the Permanent Income Hypothesis

FRB of Philadelphia Working Paper No. 07-8
Number of pages: 44 Posted: 30 Mar 2007
Leonard I. Nakamura and Tom Stark
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 66 (270,775)

Abstract:

Saving, Permanent Income, Real-time data

18.

Benchmark Revisions and the U.S. Personal Saving Rate

FRB Philadelphia Working Paper No. 05-6
Number of pages: 37 Posted: 16 May 2005
Leonard I. Nakamura and Tom Stark
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 62 (273,023)

Abstract:

Saving and investment

19.

Credit Cycle and Adverse Selection Effects in Consumer Credit Markets – Evidence from the Heloc Market

European Banking Center Discussion Paper No. 2011-021, CentER Working Paper Series No. 2011-086
Number of pages: 42 Posted: 11 Aug 2011
Paul Calem, Matthew Cannon and Leonard I. Nakamura
Board of Governors of the Federal Reserve System, CoreLogic and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 60 (235,661)
Citation 1

Abstract:

home equity loan, adverse selection, liquidity, consumption, housing finance

20.

The CPI for Rents: A Case of Understated Inflation

FRB Philadelphia Working Paper No. 06-7
Number of pages: 44 Posted: 03 Oct 2004
Theodore M. Crone, Leonard I. Nakamura and Richard Voith
Swarthmore College, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Econsult Corporation
Downloads 60 (262,274)
Citation 6

Abstract:

Consumer price index, CPI, inflation, rent

Information Losses in Home Purchase Appraisals

FRB of Philadelphia Working Paper No. 15-11
Number of pages: 37 Posted: 07 Mar 2015
Paul S. Calem, Lauren Lambie-Hanson and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 32 (379,701)

Abstract:

Information, Mortgage, Regulation, Appraisal

Information Losses in Home Purchase Appraisals

FRB of Philadelphia Working Paper No. 15-11
Number of pages: 37 Posted: 18 Aug 2015
Paul S. Calem, Lauren Lambie-Hanson and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 18 (451,544)

Abstract:

Information, Mortgage, Regulation, Appraisal

22.

Creativity and Economic Growth: Theory, Measures, and Potentials for Morocco

FRB of Philadelphia Working Paper No. 15-21
Number of pages: 12 Posted: 01 May 2015
Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 38 (349,221)

Abstract:

Intangibles, Emerging Market Economies, Measurement, Economic Development

23.

The System of National Accounts and Alternative Economic Perspectives

FRB of Philadelphia Working Paper No. 15-32
Number of pages: 50 Posted: 19 Sep 2015
Alice Orcutt Nakamura and Leonard I. Nakamura
University of Alberta - School of Business and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 31 (374,511)

Abstract:

National Income Accountings, Person Accounts, Microdata, Human Capital, Risk, Capability, Welfare

24.

Building the Innovation Union: Lessons from the 2008 Financial Crisis

FRB of Philadelphia Working Paper No. 12-17
Number of pages: 36 Posted: 09 Jul 2012
Alice Orcutt Nakamura, Leonard I. Nakamura and Masao Nakamura
University of Alberta - School of Business, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of British Columbia (UBC) - Sauder School of Business
Downloads 30 (352,723)

Abstract:

Innovation Union, European Union, Financial Products, Financial Processes, Regulation

25.

Rents Have Been Rising, Not Falling, in the Postwar Period

FRB of Philadelphia Working Paper No. 08-28
Number of pages: 42 Posted: 31 Jan 2009
Theodore M. Crone, Leonard I. Nakamura and Richard Voith
Swarthmore College, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Econsult Corporation
Downloads 29 (370,728)
Citation 1

Abstract:

The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes

FRB of Philadelphia Working Paper No. 15-28
Number of pages: 36 Posted: 25 Jul 2015
Lei Ding and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 28 (397,474)

Abstract:

Property Valuation, Mortgage, Regulation, Appraisal

The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes

Real Estate Economics, Vol. 44, Issue 3, pp. 658-690, 2016
Number of pages: 33 Posted: 22 Jul 2016
Lei Ding and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 0

Abstract:

The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes

FRB of Philadelphia Working Paper No. 14-23
Posted: 12 Sep 2014 Last Revised: 25 Jul 2015
Lei Ding and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Abstract:

Property Valuation, Mortgage, Regulation, Appraisal

27.

Should Defaults Be Forgotten? Evidence from Variation in Removal of Negative Consumer Credit Information

FRB of Philadelphia Working Paper No. 14-21
Number of pages: 52 Posted: 20 Aug 2014
Marieke Bos and Leonard I. Nakamura
Swedish House of Finance at the Stockholm School of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 26 (277,535)

Abstract:

Household finance, Consumer credit, Lending policy, Credit scoring

28.

Valuing 'Free' Media Across Countries in GDP

FRB of Philadelphia Working Paper No. 15-25
Number of pages: 36 Posted: 18 Jul 2015
Leonard I. Nakamura and Rachel H. Soloveichik
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Government of the United States of America - Bureau of Economic Analysis (BEA)
Downloads 11 (218,091)

Abstract:

Advertising, Entertainment, Internet, Intangible, Measurement

29.

Sourcing Substitution and Related Price Index Biases

FRB of Philadelphia Working Paper No. 14-34
Number of pages: 56 Posted: 15 Nov 2014
University of Alberta - School of Business, University of British Columbia (UBC) - Department of Economics, Bureau of Labor Statistics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and U.S. Department of Commerce - Bureau of Economic Analysis (BEA)
Downloads 8 (400,730)

Abstract:

Outlet Substitution, Bias In Price Indexes, Offshoring, Outsourcing, GDP Bias, Import Price Index, Producer Price Index, Intermediate Input

30.

Wal-Mart Innovation and Productivity: A Viewpoint

Canadian Journal of Economics/Revue canadienne d'conomique, Vol. 44, Issue 2, pp. 486-508, 2011
Number of pages: 23 Posted: 05 May 2011
National Bureau of Economic Research (NBER), University of Alberta - School of Business, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, affiliation not provided to SSRN and Monash Business School
Downloads 2 (514,398)
Citation 1

Abstract:

31.

Valuing 'Free' Media in GDP: An Experimental Approach

FRB of Philadelphia Working Paper No. 16-24
Number of pages: 73 Posted: 02 Sep 2016
Leonard I. Nakamura, Jon D. Samuels and Rachel H. Soloveichik
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Government of the United States of America - Bureau of Economic Analysis (BEA) and Government of the United States of America - Bureau of Economic Analysis (BEA)
Downloads 0 (445,995)

Abstract:

Internet, Productivity, Advertising, Measurement, GDP

32.

Credit Ratings, Private Information, and Bank Monitoring Ability

FRB of Philadelphia Working Paper No. 16-14
Number of pages: 37 Posted: 21 Jun 2016
Leonard I. Nakamura and Kasper Roszbach
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Sveriges Riksbank (Bank of Sweden)
Downloads 0 (356,197)
Citation 2

Abstract:

Monitoring, Banks, Credit Bureau, Private Information, Public Information, Ratings, Regulation, Supervision, Overconfidence

33.

The Housing Bubble and a New Approach to Accounting for Housing in a CPI

Journal of Housing Economics, Vol. 18, No. 3, 2009, University of Alberta School of Business Research Paper No. 2013-602
Posted: 06 Jun 2013
W. Erwin Diewert, Alice Orcutt Nakamura and Leonard I. Nakamura
University of British Columbia (UBC) - Department of Economics, University of Alberta - School of Business and Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Abstract:

Housing bubble, Owner occupied housing, User cost, Rental equivalency, Opportunity cost, Repeat sales, Hedonic approach

34.

Branch Banking and the Geography of Bank Pricing

FEDS Paper Number: 95-25
Posted: 25 Aug 1998
Paul S. Calem and Leonard I. Nakamura
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Abstract: