Michelle L. Barnes

Federal Reserve Bank of Boston

Economist

600 Atlantic Avenue

Boston, MA 02210

United States

SCHOLARLY PAPERS

17

DOWNLOADS
Rank 18,248

SSRN RANKINGS

Top 18,248

in Total Papers Downloads

3,661

SSRN CITATIONS
Rank 17,908

SSRN RANKINGS

Top 17,908

in Total Papers Citations

9

CROSSREF CITATIONS

51

Scholarly Papers (17)

1.

A Quantile Regression Analysis of the Cross Section of Stock Market Returns

Number of pages: 36 Posted: 30 Jun 2004 Last Revised: 22 Sep 2010
Michelle L. Barnes and Anthony (Tony) W. Hughes
Federal Reserve Bank of Boston and University of Adelaide
Downloads 920 (33,233)
Citation 61

Abstract:

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Capital Asset Pricing Model (CAPM), Semi-parametric Regression, Errors-in-Variables, Monte Carlo Simulation, Cross-Section Analysis, Underperforming Stocks and Overperforming Stocks

2.

The Behavior of China's Stock Prices in Response to the Proposal and Approval of Bonus Issues

Number of pages: 30 Posted: 30 Jun 2004
Michelle L. Barnes and Shiguang Ma
Federal Reserve Bank of Boston and University of Wollongong - School of Accounting Economics and Finance
Downloads 497 (74,490)
Citation 10

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Chinese Stock Markets, Efficient Market Hypothesis (EMH), Semi-Strong Form Efficiency, Event Study, Announcements of Proposal or Approval, Underreaction and Overreaction

3.

A TIPS Scorecard: Are TIPS Accomplishing What They Were Supposed to Accomplish? Can They Be Improved?

Boston University School of Management Research Paper No. 2009-10
Number of pages: 57 Posted: 05 Sep 2009 Last Revised: 23 Feb 2018
Federal Reserve Bank of Boston, Boston University - Department of Finance & Economics, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of BostonIndependent
Downloads 463 (81,183)
Citation 2

Abstract:

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TIPS, assets, inflation, risk, CPI

4.

Conditional Beta Estimation and Forecasting with Panel Data Methods

Number of pages: 40 Posted: 07 Nov 2005
Michelle L. Barnes and Anthony (Tony) W. Hughes
Federal Reserve Bank of Boston and University of Adelaide
Downloads 396 (97,365)
Citation 4

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conditional CAPM, panel data, heterogeneity, beta

5.

Tips Scorecard: Are Tips Accomplishing What They Were Supposed to Accomplish? Can They Be Improved?

FRB of Boston Public Policy Discussion Paper No. 09-8
Number of pages: 55 Posted: 08 Dec 2009 Last Revised: 09 Mar 2010
Federal Reserve Bank of Boston, Boston University - Department of Finance & Economics, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of BostonIndependent
Downloads 277 (143,866)
Citation 2

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Alternative Measures of the Federal Reserve Banks' Cost of Equity Capital

FRB of Boston Public Policy Discussion Paper No. 05-2
Number of pages: 37 Posted: 04 Mar 2006
Michelle L. Barnes and Jose A. Lopez
Federal Reserve Bank of Boston and Federal Reserve Bank of San Francisco
Downloads 154 (247,360)
Citation 2

Abstract:

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cost of equity, return on equity, CAPM, payments system

Alternative Measures of the Federal Reserve Banks' Cost of Equity Capital

FRB of San Francisco Working Paper No. 2005-06
Number of pages: 37 Posted: 20 May 2005
Michelle L. Barnes and Jose A. Lopez
Federal Reserve Bank of Boston and Federal Reserve Bank of San Francisco
Downloads 104 (332,680)

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Monetary Control Act of 1980, CAPM model

7.

Threshold Relationships Among Inflation, Financial Market Development and Growth

Number of pages: 22 Posted: 07 Nov 2005
Michelle L. Barnes
Federal Reserve Bank of Boston
Downloads 202 (195,248)
Citation 12

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Growth, Financial Market Development, Inflation, Thresholds, Financial Intermediation Channel

8.

Internal Sources of Finance and the Great Recession

Number of pages: 36 Posted: 21 Nov 2010 Last Revised: 04 Jul 2011
Michelle L. Barnes and N. Aaron Pancost
Federal Reserve Bank of Boston and University of Texas at Austin McCombs School of Business
Downloads 182 (214,248)

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Corporate Investment, Corporate Liquidity, Cash, Financial Constraints, Great Recession

9.

Financial Variables and Macroeconomic Forecast Errors

FRB of Boston Working Paper No. 17-17
Number of pages: 47 Posted: 11 Jan 2018
Michelle L. Barnes and Giovanni Olivei
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 95 (350,533)

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forecast errors, macroeconomy, financial variables, threshold estimation, business cycle

10.

A Principal Components Approach to Estimating Labor Market Pressure and its Implications for Inflation

FRB of Boston Public Policy Brief No. 07-2
Number of pages: 23 Posted: 17 Jan 2008
Michelle L. Barnes, Ryan Chahrour, Giovanni Olivei and Jenny Tang
Federal Reserve Bank of Boston, Boston College - Department of Economics, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 92 (357,676)
Citation 3

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11.

The Sensitivity of Long-Term Interest Rates to Economic News: Comment

FRB of Boston Working Paper No. 10-7
Number of pages: 19 Posted: 02 Jul 2010 Last Revised: 30 Jul 2010
Michelle L. Barnes and N. Aaron Pancost
Federal Reserve Bank of Boston and University of Texas at Austin McCombs School of Business
Downloads 66 (432,737)

Abstract:

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Inflation Targeting, Monetary Regime, Excess Sensitivity, Forward Rates

12.

A Post-Mortem of the Life Insurance Industry's Bid for Capital During the Financial Crisis

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 15-8
Number of pages: 38 Posted: 28 Jan 2016
Michelle L. Barnes, James Bohn and Cynthia Martin
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 61 (450,129)

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13.

Closed-Form Estimates of the New Keynesian Phillips Curve with Time-Varying Trend Inflation

FRB of Boston Working Paper No. 09-15
Number of pages: 49 Posted: 18 Dec 2009
Michelle L. Barnes, Fabia Gumbau-Brisa, Denny Lie and Giovanni Olivei
Federal Reserve Bank of Boston, Credit Suisse AG, The University of Sydney - School of Economics and Federal Reserve Bank of Boston
Downloads 51 (488,640)
Citation 5

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14.

Estimation of Forward-Looking Relationships in Closed Form: An Application to the New Keynesian Phillips Curve

Number of pages: 73 Posted: 21 Jun 2011
Michelle L. Barnes, Fabia Gumbau-Brisa, Denny Lie and Giovanni Olivei
Federal Reserve Bank of Boston, Credit Suisse AG, The University of Sydney - School of Economics and Federal Reserve Bank of Boston
Downloads 42 (528,755)
Citation 2

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closed form, model-consistent expectations, New Keynesian Phillips curve, forward-looking Euler equation, time-varying trend inflation

15.

Did Life Insurers Benefit from Tarp or Regulatory Forbearance During the Financial Crisis of 2008–2009?

FRB of Boston Working Paper No. 16-24
Number of pages: 43 Posted: 15 Feb 2017
Michelle L. Barnes
Federal Reserve Bank of Boston
Downloads 36 (558,787)

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financial crises, financial institutions, life insurers, government policy and regulation, capital and ownership structure, solvency

16.

A Response to Cogley and Sbordone's Comment on 'Closed-Form Estimates of the New Keynesian Phillips Curve with Time-Varying Trend Inflation'

Number of pages: 18 Posted: 21 Jun 2011
Michelle L. Barnes, Fabia Gumbau-Brisa, Denny Lie and Giovanni Olivei
Federal Reserve Bank of Boston, Credit Suisse AG, The University of Sydney - School of Economics and Federal Reserve Bank of Boston
Downloads 23 (637,516)

Abstract:

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closed form, model-consistent expectations, New Keynesian Phillips curve, forward-looking Euler equation, time-varying trend inflation

17.

A Tips Scorecard: Are They Accomplishing Their Objectives?

Financial Analysts Journal, Vol. 66, No. 5, 2010
Posted: 16 Oct 2010
Federal Reserve Bank of Boston, Boston University - Department of Finance & Economics, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of BostonIndependent

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Fixed Income, Fixed-Income Markets, Characteristics, Institutions, and Benchmarks, U.S. Treasury Securities