Benjamin S. Kay

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

http://https://www.federalreserve.gov/econres/benjamin-s-kay.htm

SCHOLARLY PAPERS

14

DOWNLOADS
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Top 19,241

in Total Papers Downloads

3,483

SSRN CITATIONS
Rank 20,739

SSRN RANKINGS

Top 20,739

in Total Papers Citations

30

CROSSREF CITATIONS

19

Scholarly Papers (14)

1.

CDC Guidance Dramatically Under-Represents Classroom Student Capacity Under 6' Social Distancing

Number of pages: 9 Posted: 10 Mar 2021 Last Revised: 11 Mar 2021
Benjamin S. Kay
Board of Governors of the Federal Reserve System
Downloads 1,513 (16,134)

Abstract:

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COVID-19, Social Distancing, In-person Schooling, Optimal Packing, Efficient Classroom Configuration

The COVID-19 Shock and Consumer Credit: Evidence from Credit Card Data

Number of pages: 54 Posted: 29 May 2020 Last Revised: 04 Feb 2021
Akos Horvath, Benjamin S. Kay and Carlo Wix
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 650 (52,585)
Citation 6

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COVID-19, consumer credit, credit cards, household spending, bank lending, credit supply

The COVID-19 Shock and Consumer Credit: Evidence from Credit Card Data

FEDS Working Paper No. 2021-008 https://doi.org/10.17016/FEDS.2021.008
Number of pages: 55 Posted: 22 Apr 2021
Akos Horvath, Benjamin S. Kay and Carlo Wix
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 40 (550,740)

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COVID-19; Bank lending; Consumer credit; Credit cards; Credit supply; Household spending

Bank Income and Adjustment to Debit Card Interchange Regulation

Number of pages: 49 Posted: 13 Jun 2014 Last Revised: 15 Nov 2016
Benjamin S. Kay, Mark D. Manuszak and Cindy M. Vojtech
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 155 (246,341)
Citation 1

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Durbin Amendment, Debit Cards, Dodd-Frank, Bank Competition, Retail Banking

Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment

FEDS Working Paper No. 2014-77
Number of pages: 47 Posted: 17 Oct 2014
Benjamin S. Kay, Mark D. Manuszak and Cindy M. Vojtech
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 90 (366,299)
Citation 3

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banks, debit cards, Dodd-Frank Act, Durbin Amendment, interchange fees, payments

4.

The Market-Implied Probability of Government Support for Distressed European Banks

OFR WP 16-10, Columbia Business School Research Paper No. 16-73
Number of pages: 23 Posted: 12 Oct 2016 Last Revised: 23 Dec 2019
Columbia University - Department of Statistics, Columbia Business School, Board of Governors of the Federal Reserve System and Government of the United States of America - Office of Financial Research
Downloads 243 (164,158)
Citation 6

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Bailout, bail-in, European Bank Resolution and Recovery Directive, credit default swaps

5.

Corporate Governance Responses to Director Rule Changes

Number of pages: 45 Posted: 05 May 2015
Benjamin S. Kay and Cindy M. Vojtech
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 186 (210,549)
Citation 3

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Corporate Governance, Sarbanes Oxley Act, SOX, Natural Experiment, E-Index, Executive Compensation, Corporate Finance

Ten Days Late and Billions of Dollars Short: The Employment Effects of Delays in Paycheck Protection Program Financing

Number of pages: 73 Posted: 03 Feb 2021 Last Revised: 08 Jul 2021
Cynthia Doniger and Benjamin S. Kay
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 167 (231,252)
Citation 2

Abstract:

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Paycheck Protection Program, CARES Act, Countercyclical Fiscal Policy, COVID-19, Kurzarbeit, Income Support, Small Business Lending, Small and Medium Enterprises (SMEs), Financial Frictions

Ten Days Late and Billions of Dollars Short: The Employment Effects of Delays in Paycheck Protection Program Financing

FEDS Working Paper No. 2021-3
Number of pages: 71 Posted: 14 Jun 2021 Last Revised: 30 Jun 2021
Cynthia Doniger and Benjamin S. Kay
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 12 (747,706)
Citation 3

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7.

The Real Consequences of Bank Mortgage Lending Standards

OFR WP 16-05
Number of pages: 53 Posted: 16 May 2016 Last Revised: 19 Dec 2018
Cindy M. Vojtech, Benjamin S. Kay and John C. Driscoll
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 135 (274,588)
Citation 6

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Residential Real Estate, Denial Rates, Credit Availability

8.
Downloads 74 (407,536)

Safe Assets As Commodity Money

OFR WP 15-23
Number of pages: 31 Posted: 27 Nov 2015 Last Revised: 15 Nov 2016
Maya Eden and Benjamin S. Kay
World Bank - Development Research Group (DECRG) and Board of Governors of the Federal Reserve System
Downloads 51 (497,789)

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Private Money Creation; Liquidity; Institutional Money Alternatives

Safe Assets as Commodity Money

Number of pages: 30 Posted: 11 Oct 2015
Benjamin S. Kay and Maya Eden
Board of Governors of the Federal Reserve System and World Bank - Development Research Group (DECRG)
Downloads 23 (658,145)

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Safe assets, Shadow banking, Liquidity premium, Commodity money, Liquidity crisis

9.

Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment

FEDS Working Paper No. 2014-77
Number of pages: 47 Posted: 31 May 2017
Benjamin S. Kay, Mark D. Manuszak and Cindy M. Vojtech
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 72 (413,680)

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10.

The Impact of Credit Risk Mispricing on Mortgage Lending During the Subprime Boom

FEDS Working Paper No. 2019-46
Number of pages: 60 Posted: 17 Jul 2019 Last Revised: 24 Aug 2019
James A. Kahn and Benjamin S. Kay
Yeshiva University and Board of Governors of the Federal Reserve System
Downloads 37 (554,222)

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11.

The Impact of Credit Risk Mispricing on Mortgage Lending During the Subprime Boom

Number of pages: 69 Posted: 12 Apr 2019
James A. Kahn and Benjamin S. Kay
Yeshiva University and Board of Governors of the Federal Reserve System
Downloads 32 (581,040)

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Financial Crisis, Mortgage Insurance, Housing Finance, Default Risk

12.

The Effects of Housing Adjustment Costs on Consumption Dynamics

Number of pages: 39 Posted: 16 Nov 2016
Benjamin S. Kay
Board of Governors of the Federal Reserve System
Downloads 30 (592,703)

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Houshold Portfolio, Housing, Macroeconomics, Adjustment Costs, Consumption Dynamics, Great Recession

13.

The Varieties of Great Moderation Experience

Number of pages: 60 Posted: 03 Jul 2013
Benjamin S. Kay and Thomas Daula
Board of Governors of the Federal Reserve System and Government of the United States of America - Federal Housing Finance Board (FHFB)
Downloads 28 (604,981)

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The Great Moderation, international macroeconomics, Bayesian econometrics, classical econometrics, labor-hoarding, labor market frictions

14.

Do Information Releases Diminish Equity Bid-Offer Spreads?

Number of pages: 40 Posted: 16 Nov 2016
Benjamin S. Kay
Board of Governors of the Federal Reserve System
Downloads 19 (666,848)

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Market Microstructure, Equities, Adverse Selection, Event Studies, SEC Filings