Bo Zhao

Federal Reserve Bank of Boston

Senior Economist

600 Atlantic Avenue

T-10

Boston, MA 02210

United States

http://sites.google.com/site/bozhao/

  • Federal Reserve Bank of Boston

    • Email
    • Tel: 617-973-3061
    • Fax: 617-619-8357
SCHOLARLY PAPERS

35

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1,004

SSRN CITATIONS
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Top 38,690

in Total Papers Citations

7

CROSSREF CITATIONS

12

Scholarly Papers (35)

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1.

The Effect of Changing Employers’ Access to Criminal Histories on Ex-Offenders’ Labor Market Outcomes: Evidence from the 2010–2012 Massachusetts Cori Reform

FRB of Boston Working Paper No. 16-30
Number of pages: 67 Posted: 28 Mar 2017
Osborne Jackson and Bo Zhao
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 79 (355,452)

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ex-offenders, criminal history, Massachusetts CORI Reform, ban the box

2.

Does Changing Employers’ Access to Criminal Histories Affect Ex-Offenders’ Recidivism?: Evidence from the 2010–2012 Massachusetts Cori Reform

FRB of Boston Working Paper No. 16-31
Number of pages: 36 Posted: 28 Mar 2017
Osborne Jackson and Bo Zhao
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 70 (380,425)

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recidivism, ex-offenders, Massachusetts, CORI

3.

Do Credit Market Barriers Exist for Minority and Woman Entrepreneurs?

Syracuse University Center for Policy Research Working Paper No. 74
Number of pages: 54 Posted: 20 Apr 2011
Lloyd A. Blanchard, Bo Zhao and John Yinger
affiliation not provided to SSRN, Federal Reserve Bank of Boston and Syracuse University, Maxwell School of Citizenship and Public Affairs
Downloads 66 (392,556)

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credit, discrimination, entrepreneur, minority-owned business, small business

4.

Measuring Disparities in Non-School Costs and Revenue Capacity Among Massachusetts Cities and Towns

Downloads 60 (411,845)
Citation 1

Measuring Disparities in Non-School Costs and Revenue Capacity Among Massachusetts Cities and Towns

FRB of Boston Working Paper No. 06-19
Number of pages: 33 Posted: 27 Jan 2007 Last Revised: 30 Aug 2008
Katharine Bradbury and Bo Zhao
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 45 (476,832)
Citation 3

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fiscal disparities, municipal costs, revenue capacity, property tax, state aid, tax limitation

Measuring Disparities in Non-School Costs and Revenue Capacity Among Massachusetts Cities and Towns

FRB of Boston Working Paper No. 06-19, FRB of Boston Public Policy Discussion Paper No. 06-3
Number of pages: 33 Posted: 22 Sep 2011
Katharine Bradbury and Bo Zhao
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 15 (659,063)
Citation 1

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fiscal disparities, municipal costs, revenue capacity, property tax, state aid, tax limitation

5.

The Lack of Affordable Housing in New England: How Big a Problem? Why is it Growing? What are We Doing About it?

New England Public Policy Center Working Paper No. 06-1
Number of pages: 173 Posted: 01 Mar 2012
Alicia Modestino, Bo Zhao and Darcy Rollins Saas
Northeastern University, Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 54 (433,067)
Citation 1

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housing policy, New England, affordable housing, house prices

6.

Small Businesses in Springfield, Massachusetts: A Look at Latino Entrepreneurship

Number of pages: 50 Posted: 16 Sep 2011
Ana Patricia Munoz, Lynn Elaine Browne, Sol Carbonell, Prabal Chakrabarti, DeAnna Green, Yolanda K. Kodrzycki, Richard C. Walker, Anna Steiger and Bo Zhao
Federal Reserve Bank of Boston, affiliation not provided to SSRN, Federal Reserve Banks - Federal Reserve Bank of Boston, affiliation not provided to SSRN, affiliation not provided to SSRN, Federal Reserve Bank of Boston - Research Department, Federal Reserve Bank of Boston, affiliation not provided to SSRN and Federal Reserve Bank of Boston
Downloads 47 (459,637)

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small businesses, minority-owned businesses, Latino-owned businesses

7.

Designing State Aid Formulas: The Case of a New Formula for Distributing Municipal Aid in Massachusetts

Downloads 47 (459,637)

Designing State Aid Formulas: The Case of a New Formula for Distributing Municipal Aid in Massachusetts

FRB of Boston Working Paper No. 08-1
Number of pages: 48 Posted: 25 May 2008
Bo Zhao and Katharine Bradbury
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 28 (565,512)

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formula design, state aid formula, equalizing aid, fiscal equalization

Designing State Aid Formulas: The Case of a New Formula for Distributing Municipal Aid in Massachusetts

FRB of Boston Working Paper No. 08-1, FRB of Boston Public Policy Discussion Paper No. 08-2
Number of pages: 48 Posted: 22 Sep 2011
Bo Zhao and Katharine Bradbury
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 19 (628,692)

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formula design, state aid formula, equalizing aid, fiscal equalization

8.

The Role of Economic, Fiscal, and Financial Shocks in the Evolution of Public Sector Pension Funding

FRB of Boston Working Paper No. 13-26
Number of pages: 26 Posted: 08 May 2014
Robert K. Triest and Bo Zhao
Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 45 (467,934)

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9.

Why Do Real Estate Brokers Continue to Discriminate? Evidence from the 2000 Housing Discrimination Study

Downloads 45 (467,934)

Why Do Real Estate Brokers Continue to Discriminate? Evidence from the 2000 Housing Discrimination Study

Syracuse University Center for Policy Research Working Paper No. 67
Number of pages: 46 Posted: 18 Apr 2011
Bo Zhao, Jan Ondrich and John Yinger
Federal Reserve Bank of Boston, Syracuse University - Center for Policy Research and Syracuse University, Maxwell School of Citizenship and Public Affairs
Downloads 45 (476,832)
Citation 6

Abstract:

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housing discrimination, audit, fixed-effects logit

Why Do Real Estate Brokers Continue to Discriminate? Evidence from the 2000 Housing Discrimination Study

Journal of Urban Economics, Vol. 59, No. 3, 2006
Posted: 22 Sep 2011
Bo Zhao, Jan Ondrich and John Yinger
Federal Reserve Bank of Boston, Syracuse University - Center for Policy Research and Syracuse University, Maxwell School of Citizenship and Public Affairs

Abstract:

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Housing discrimination, Audit, Fixed-effects logit

10.

Saving for a Rainy Day: Estimating the Appropriate Size of U.S. State Budget Stabilization Funds

FRB of Boston Working Paper No. 14-12
Number of pages: 46 Posted: 11 Jan 2015
Bo Zhao
Federal Reserve Bank of Boston
Downloads 44 (472,165)
Citation 4

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rainy day funds, budget stabilization funds, revenue cyclicality

11.

Walking a Tightrope: Are U.S. State and Local Governments on a Fiscally Sustainable Path?

Downloads 40 (489,716)
Citation 1

Walking a Tightrope: Are U.S. State and Local Governments on a Fiscally Sustainable Path?

FRB of Boston Working Paper No. 13-18
Number of pages: 45 Posted: 30 Jan 2014
Bo Zhao and David Coyne
Federal Reserve Bank of Boston and University of California, San Diego (UCSD) - Department of Economics
Downloads 40 (500,078)
Citation 2

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fiscal sustainability, state and local fiscal trends

Walking a Tightrope: Are U.S. State and Local Governments on a Fiscally Sustainable Path?

Public Budgeting & Finance, Vol. 37, Issue 3, pp. 3-23, 2017
Number of pages: 21 Posted: 06 Sep 2017
Bo Zhao and David Coyne
Federal Reserve Bank of Boston and University of California, San Diego (UCSD) - Department of Economics
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12.

Measuring Municipal Fiscal Disparities in Connecticut

Downloads 39 (494,256)

Measuring Municipal Fiscal Disparities in Connecticut

Federal Reserve Bank of Boston, New England Public Policy Center Research Report 15-1
Number of pages: 22 Posted: 13 May 2015
Bo Zhao and Jennifer Weiner
Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 26 (578,566)

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Measuring Municipal Fiscal Disparities in Connecticut

15-1
Number of pages: 22 Posted: 07 Sep 2017
Bo Zhao and Jennifer Weiner
Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 13 (674,755)

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13.

Reinvigorating Springfield’s Economy: Lessons from Resurgent Cities

FRB of Boston Public Policy Discussion Paper No. 09-6
Number of pages: 73 Posted: 09 Dec 2009
Yolanda K. Kodrzycki, Ana Patricia Munoz, Lynn Elaine Browne, DeAnna Green, Marques Benton, Prabal Chakrabarti, David Plasse, Richard C. Walker and Bo Zhao
Federal Reserve Bank of Boston - Research Department, Federal Reserve Bank of Boston, affiliation not provided to SSRN, affiliation not provided to SSRN, Federal Reserve Bank of Boston, affiliation not provided to SSRN, affiliation not provided to SSRN, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 39 (494,256)
Citation 1

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14.

Jobs in Springfield, Massachusetts: Understanding and Remedying the Causes of Low Resident Employment Rates

FRB of Boston Public Policy Discussion Paper No. 09-11
Number of pages: 47 Posted: 27 Feb 2010
Yolanda K. Kodrzycki, Ana Patricia Munoz, Lynn Elaine Browne, DeAnna Green, Marques Benton, Prabal Chakrabarti, Richard C. Walker and Bo Zhao
Federal Reserve Bank of Boston - Research Department, Federal Reserve Bank of Boston, affiliation not provided to SSRN, affiliation not provided to SSRN, Federal Reserve Bank of Boston, affiliation not provided to SSRN, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 32 (528,348)
Citation 1

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15.

The Fiscal Impact of Potential Local-Option Taxes in Massachusetts

FRB of Boston Public Policy Brief No. 10-2
Number of pages: 38 Posted: 22 Sep 2011
Bo Zhao
Federal Reserve Bank of Boston
Downloads 31 (533,446)
Citation 1

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16.

Reintegrating the Ex-Offender Population in the U.S. Labor Market: Lessons from the Cori Reform in Massachusetts

17-1
Number of pages: 24 Posted: 07 Sep 2017
Osborne Jackson, Riley Sullivan and Bo Zhao
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 29 (544,468)

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17.

Transparency in State Debt Disclosure

FRB of Boston Working Paper No. 17-10
Number of pages: 42 Posted: 09 Nov 2017
Bo Zhao and Wen Wang
Federal Reserve Bank of Boston and Rutgers, The State University of New Jersey - Rutgers University, Newark
Downloads 27 (555,992)

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fiscal transparency, state debt, GASB, accounting choices, dependent agencies

18.

A More Equitable Approach to Cutting State Aid

FRB of Boston Public Policy Brief No. 11-2
Number of pages: 4 Posted: 30 Nov 2011
Bo Zhao and David Coyne
Federal Reserve Bank of Boston and University of California, San Diego (UCSD) - Department of Economics
Downloads 25 (568,464)

Abstract:

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fiscal health, fiscal gap, state aid, aid cut, fiscal equalization

19.

Consequences of State Disinvestment in Public Higher Education: Lessons for the New England States

FRB Boston Research Data Report No. 19-1
Number of pages: 26 Posted: 25 Feb 2019
Bo Zhao
Federal Reserve Bank of Boston
Downloads 22 (587,769)

Abstract:

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New England, higher education, fiscal policy, regional economy

20.

Disinvesting in the Future?: A Comprehensive Examination of the Effects of State Appropriations for Public Higher Education

FRB of Boston Working Paper No. 18-1
Number of pages: 77 Posted: 17 Jun 2018 Last Revised: 21 Feb 2019
Bo Zhao
Federal Reserve Bank of Boston
Downloads 19 (607,773)

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state appropriations, public higher education, community colleges, state funding cuts

21.

Achieving Greater Fiscal Stability: Guidance for the New England States

Downloads 19 (607,773)

Achieving Greater Fiscal Stability: Guidance for the New England States

Federal Reserve Bank of Boston, New England Public Policy Center Research Report No. 15-2
Number of pages: 16 Posted: 11 Oct 2015
Yolanda K. Kodrzycki and Bo Zhao
Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 15 (659,063)
Citation 1

Abstract:

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Rainy Day Funds, Fiscal Sustainability

Achieving Greater Fiscal Stability: Guidance for the New England States

15-2
Number of pages: 16 Posted: 07 Sep 2017
Yolanda K. Kodrzycki and Bo Zhao
Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 4 (746,738)

Abstract:

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22.

Designing Formulas for Distributing Reductions in State Aid

FRB of Boston NEPPC Working Paper No. 11-2
Number of pages: 32 Posted: 22 Sep 2011 Last Revised: 23 Sep 2011
Bo Zhao and David Coyne
Federal Reserve Bank of Boston and University of California, San Diego (UCSD) - Department of Economics
Downloads 18 (614,498)

Abstract:

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fiscal health, fiscal gap, state aid, aid cut, fiscal equalization

23.

Does Springfield Receive its Fair Share of Municipal Aid? Implications for Aid Formula Reform in Massachusetts

FRB of Boston Public Policy Brief No. 10-4
Number of pages: 45 Posted: 22 Sep 2011
Bo Zhao, Marques Benton, Lynn Elaine Browne, Prabal Chakrabarti, DeAnna Green, Yolanda K. Kodrzycki, Ana Patricia Munoz and Richard C. Walker
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, affiliation not provided to SSRN, affiliation not provided to SSRN, affiliation not provided to SSRN, Federal Reserve Bank of Boston - Research Department, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 18 (614,498)

Abstract:

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state aid, fiscal equalization

24.

Municipal Aid Evaluation and Reform

FRB of Boston NEPPC Working Paper No. 11-1
Number of pages: 29 Posted: 22 Sep 2011
Bo Zhao
Federal Reserve Bank of Boston
Downloads 18 (614,498)

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state aid, fiscal equalization

25.

Making Municipal Aid Count: Mind the Gap!

Communities & Banking, pp. 23-25, Spring 2011
Number of pages: 3 Posted: 22 Sep 2011
David Coyne and Bo Zhao
University of California, San Diego (UCSD) - Department of Economics and Federal Reserve Bank of Boston
Downloads 16 (628,126)

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26.

From Urban Core to Wealthy Towns: Nonschool Fiscal Disparities Across Connecticut Municipalities

FRB of Boston Working Paper No. 15-14
Number of pages: 45 Posted: 01 Jan 2016
Bo Zhao
Federal Reserve Bank of Boston
Downloads 14 (642,400)

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fiscal disparities, municipal gap, municipal cost, revenue-raising capacity, property tax, state grants

27.

Reforming Municipal Aid in Massachusetts: The Case for a Gap-Based Formula

FRB of Boston Public Policy Brief No. 10-2
Number of pages: 4 Posted: 21 Sep 2011
Bo Zhao and David Coyne
Federal Reserve Bank of Boston and University of California, San Diego (UCSD) - Department of Economics
Downloads 12 (656,922)

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28.

State Disinvestment in Higher Education: The Impact on Public Research Universities' Patent Applications

FRB of Boston Working Paper No. 19-2
Number of pages: 36 Posted: 25 Feb 2019
Bo Zhao
Federal Reserve Bank of Boston
Downloads 11 (664,187)

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state appropriations, state funding cuts, higher education, public universities, patent applications

29.

Measuring Non-School Fiscal Imbalances of New England Municipalities

FRB of Boston Public Policy Brief No. 07-6
Number of pages: 4 Posted: 22 Sep 2011
Bo Zhao and Katharine Bradbury
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 11 (664,187)

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30.

Making Cuts in State Aid More Equitable

Communities & Banking, pp. 24-26, Spring 2012
Number of pages: 3 Posted: 04 Mar 2012
Bo Zhao and David Coyne
Federal Reserve Bank of Boston and University of California, San Diego (UCSD) - Department of Economics
Downloads 7 (693,164)

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31.

Measuring Non-School Fiscal Disparities Among Municipalities

National Tax Journal, Vol. 62, No. 1, 2009
Posted: 22 Sep 2011
Katharine Bradbury and Bo Zhao
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston

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32.

The Fiscal Impact of Local-Option Taxes on Municipalities: The Case of Massachusetts

Municipal Finance Journal, Vol. 31, No. 4, pp. 63-86, 2011
Posted: 22 Sep 2011
Bo Zhao
Federal Reserve Bank of Boston

Abstract:

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Representative tax system, local-option tax capacity, fiscal disparity

33.

Designing State Aid Formulas

Journal of Policy Analysis and Management, Vol. 28, No. 2, pp. 278-295, 2009
Posted: 22 Sep 2011
Bo Zhao and Katharine Bradbury
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston

Abstract:

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34.

Does the Number of Houses a Broker Shows Depend on a Homeseeker's Race?

Journal of Urban Economics, Vol. 57, No. 1, 2005
Posted: 22 Sep 2011
Bo Zhao
Federal Reserve Bank of Boston

Abstract:

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Discrimination, Housing, Audits, Poisson model

35.

Do Lenders Discriminate Against Minority and Woman Entrepreneurs?

Journal of Urban Economics, Vol. 63, No. 2, 2008
Posted: 22 Sep 2011
Lloyd A. Blanchard, Bo Zhao and John Yinger
affiliation not provided to SSRN, Federal Reserve Bank of Boston and Syracuse University, Maxwell School of Citizenship and Public Affairs

Abstract:

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Small-business credit, Lending discrimination