Arturo Estrella

Rensselaer Polytechnic Institute

Professor of Economics

110 8th Street

Troy, NY 12180

United States

  • Rensselaer Polytechnic Institute

SCHOLARLY PAPERS

20

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13,844

SSRN CITATIONS
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Top 2,817

in Total Papers Citations

102

CROSSREF CITATIONS

368

Scholarly Papers (20)

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1.

The Yield Curve as a Predictor of U.S. Recessions

Number of pages: 6 Posted: 22 Nov 2000
Frederic S. Mishkin and Arturo Estrella
Columbia University - Columbia Business School, Finance and Rensselaer Polytechnic Institute
Downloads 2,836 (6,371)
Citation 3

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2.

The Yield Curve as a Predictor of U.S. Recessions

Current Issues in Economics and Finance, Vol. 2, No. 7, June 1996
Number of pages: 6 Posted: 21 Jul 2007
Arturo Estrella and Frederic S. Mishkin
Rensselaer Polytechnic Institute and Columbia University - Columbia Business School, Finance
Downloads 2,716 (6,818)
Citation 46

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term structure, business cycle

3.

Capital Ratios as Predictors of Bank Failure

Economic Policy Review, Vol. 6, No. 2, July 2000
Number of pages: 20 Posted: 07 Mar 2006
Arturo Estrella, Sangkyun Park and Stavros Peristiani
Rensselaer Polytechnic Institute, Independent and Federal Reserve Bank of New York--Retired
Downloads 2,311 (8,775)
Citation 2

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bank regulation, capital requirements, Basel Accord, bank failures

4.

The Yield Curve as a Leading Indicator: Some Practical Issues

Current Issues in Economics and Finance, Vol. 12, No. 5, July/August 2006
Number of pages: 8 Posted: 20 Sep 2006
Arturo Estrella and Mary Trubin
Rensselaer Polytechnic Institute and Federal Reserve Bank of New York
Downloads 2,107 (10,232)
Citation 8

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yield curve, recessions, real-time

5.

Monetary Cycles, Financial Cycles and the Business Cycle

FRB of New York Staff Report No. 421
Number of pages: 19 Posted: 06 Jan 2010
Tobias Adrian, Arturo Estrella and Hyun Song Shin
International Monetary Fund, Rensselaer Polytechnic Institute and Bank for International Settlements (BIS)
Downloads 1,460 (18,223)
Citation 38

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monetary policy, financial intermediation

6.

How Stable is the Predictive Power of the Yield Curve? Evidence from Germany and the United States

FRB of New York Staff Report No. 113
Number of pages: 32 Posted: 06 Jan 2001
Arturo Estrella, Anthony P. Rodrigues and Sebastian Schich
Rensselaer Polytechnic Institute, Federal Reserve Bank of New York and Organisation for Economic Co-operation and Development (OECD)
Downloads 536 (72,743)
Citation 25

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yield curve, binary models, recession

7.

Securitization and the Efficacy of Monetary Policy

Economic Policy Review, Vol. 8, No. 1, May 2002
Number of pages: 13 Posted: 26 Oct 2005
Arturo Estrella
Rensselaer Polytechnic Institute
Downloads 403 (102,056)
Citation 3

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monetary transmission

8.

Consistent Covariance Matrix Estimation in Probit Models with Autocorrelated Errors

FRB of New York Staff Report No. 39
Number of pages: 25 Posted: 28 Oct 2006
Arturo Estrella and Anthony P. Rodrigues
Rensselaer Polytechnic Institute and Federal Reserve Bank of New York
Downloads 278 (152,455)
Citation 22

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probit, autocorrelation, generalized method of moments

9.

Extracting Business Cycle Fluctuations: What Do Time Series Filters Really Do?

FRB of New York Staff Report No. 289
Number of pages: 36 Posted: 26 Jul 2007
Arturo Estrella
Rensselaer Polytechnic Institute
Downloads 224 (188,220)
Citation 6

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frequency domain, spectral analysis, signal extraction

10.

Predicting U.S. Recessions: Financial Variables as Leading Indicators

NBER Working Paper No. w5379
Number of pages: 53 Posted: 17 Jul 2000 Last Revised: 14 Mar 2022
Arturo Estrella and Frederic S. Mishkin
Rensselaer Polytechnic Institute and Columbia University - Columbia Business School, Finance
Downloads 210 (200,039)
Citation 35

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11.

Generalized Canonical Regression

FRB of New York Staff Report No. 288
Number of pages: 33 Posted: 26 Jul 2007
Arturo Estrella
Rensselaer Polytechnic Institute
Downloads 163 (249,577)
Citation 1

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linear regression, time series, canonical correlations

12.

Monetary Tightening Cycles and the Predictability of Economic Activity

Federal Reserve Bank of New York Staff Report No. 397
Number of pages: 16 Posted: 07 Oct 2009
Arturo Estrella and Tobias Adrian
Rensselaer Polytechnic Institute and International Monetary Fund
Downloads 138 (285,307)
Citation 4

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monetary policy, interest rates, term structure, discriminant analysis

13.

The Term Structure of Interest Rates and its Role in Monetary Policy for the European Central Bank

NBER Working Paper No. w5279
Number of pages: 55 Posted: 11 Jun 2000 Last Revised: 06 Jun 2021
Arturo Estrella and Frederic S. Mishkin
Rensselaer Polytechnic Institute and Columbia University - Columbia Business School, Finance
Downloads 130 (298,660)

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14.

A Prolegomenon to Future Capital Requirements

Economic Policy Review, Vol. 1, No. 2, July 1995
Number of pages: 12 Posted: 09 Nov 2007
Arturo Estrella
Rensselaer Polytechnic Institute
Downloads 80 (411,137)

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capital requirements, minimum capital, optimum capital, Basle

15.

Formulas or Supervision? Remarks on the Future of Regulatory Capital

Economic Policy Review, Vol. 4, No. 3, October 1998
Number of pages: 10 Posted: 15 Nov 2007
Arturo Estrella
Rensselaer Polytechnic Institute
Downloads 75 (426,397)
Citation 4

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capital regulation

16.

One-Sided Test for an Unknown Breakpoint: Theory, Computation, and Application to Monetary Theory

FRB of NY Staff Report No. 232
Number of pages: 25 Posted: 30 Nov 2005
Arturo Estrella and Anthony P. Rodrigues
Rensselaer Polytechnic Institute and Federal Reserve Bank of New York
Downloads 72 (436,051)
Citation 3

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break test, monetary policy reaction function

17.

Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?

NBER Working Paper No. w5845
Number of pages: 53 Posted: 30 Oct 2006 Last Revised: 23 Jun 2022
Arturo Estrella and Frederic S. Mishkin
Rensselaer Polytechnic Institute and Columbia University - Columbia Business School, Finance
Downloads 43 (551,576)
Citation 20

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18.

Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty

NBER Working Paper No. w6518
Number of pages: 49 Posted: 12 Jul 2000 Last Revised: 25 Apr 2021
Arturo Estrella and Frederic S. Mishkin
Rensselaer Polytechnic Institute and Columbia University - Columbia Business School, Finance
Downloads 41 (561,663)

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19.

Average Marginal Tax Rates U.S. Household Interest and Dividend Income 1954-80

NBER Working Paper No. w1201
Number of pages: 12 Posted: 04 Apr 2004 Last Revised: 15 Apr 2022
Arturo Estrella and Jeffrey C. Fuhrer
Rensselaer Polytechnic Institute and Federal Reserve Bank of Boston
Downloads 20 (693,432)

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20.

Risk-Taking Channel of Monetary Policy

CEPR Discussion Paper No. DP12677
Number of pages: 28 Posted: 05 Feb 2018
Tobias Adrian, Arturo Estrella and Hyun Song Shin
International Monetary Fund, Rensselaer Polytechnic Institute and Bank for International Settlements (BIS)
Downloads 1 (874,537)
Citation 5
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risk taking channel of monetary policy