Michelle L. Barnes

Federal Reserve Bank of Boston

Economist

600 Atlantic Avenue

Boston, MA 02210

United States

SCHOLARLY PAPERS

17

DOWNLOADS
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Top 15,187

in Total Papers Downloads

3,151

SSRN CITATIONS
Rank 15,243

SSRN RANKINGS

Top 15,243

in Total Papers Citations

7

CROSSREF CITATIONS

47

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 657 (38,835)
Citation 43

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 471 (59,733)
Citation 7

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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
Michelle L. Barnes, Zvi Bodie, Robert K. Triest and J. Christina Wang
Federal Reserve Bank of Boston, Boston University - Department of Finance & Economics, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 448 (63,493)
Citation 3

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 384 (76,280)
Citation 3

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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
Michelle L. Barnes, Zvi Bodie, Robert K. Triest and J. Christina Wang
Federal Reserve Bank of Boston, Boston University - Department of Finance & Economics, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 259 (117,818)
Citation 1

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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 141 (206,070)
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 101 (265,020)

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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 185 (163,079)
Citation 11

Abstract:

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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 147 (198,700)

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

9.

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 81 (302,922)
Citation 2

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10.

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 55 (372,085)

Abstract:

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Inflation Targeting, Monetary Regime, Excess Sensitivity, Forward Rates

11.

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 54 (375,340)

Abstract:

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12.

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 47 (398,632)

Abstract:

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

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 42 (416,908)
Citation 4

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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 36 (440,772)
Citation 1

Abstract:

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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 26 (487,955)

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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 17 (539,783)

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
Michelle L. Barnes, Zvi Bodie, Robert K. Triest and J. Christina Wang
Federal Reserve Bank of Boston, Boston University - Department of Finance & Economics, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston

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