Ellis W. Tallman

Federal Reserve Banks - Federal Reserve Bank of Cleveland

East 6th & Superior

Cleveland, OH 44101-1387

United States

SCHOLARLY PAPERS

24

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CITATIONS
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30

Scholarly Papers (24)

Banking and Financial Crises in United States History: What Guidance can History Offer Policymakers?

Number of pages: 54 Posted: 29 Jan 2010
Elmus Wicker and Ellis W. Tallman
Indiana University Bloomington - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 240 (99,773)
Citation 4

Abstract:

Systemic Risk, Financial Crises, Bank Failures

Banking and Financial Crises in United States History: What Guidance can History Offer Policymakers?

FRB of Cleveland Working Paper No. 10-09
Number of pages: 47 Posted: 11 Aug 2010 Last Revised: 27 Aug 2010
Ellis W. Tallman and Elmus Wicker
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Indiana University Bloomington - Department of Economics
Downloads 136 (169,027)
Citation 4

Abstract:

Financial panics, bank runs, lender of last resort, too big to fail

2.

The Call Loan Market in the U.S. Financial System Prior to the Federal Reserve System

FRB of Atlanta Working Paper No. 2003-43
Number of pages: 31 Posted: 10 Feb 2004
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 238 (98,564)

Abstract:

Financial crisis, unit banking, correspondent banking

3.

Forecasting Using Relative Entropy

FRB of Atlanta Working Paper No. 2002-22
Number of pages: 33 Posted: 10 Jan 2003
John Robertson, Ellis W. Tallman and Charles H. Whiteman
Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of Cleveland and University of Iowa - Henry B. Tippie College of Business - Department of Economics
Downloads 210 (109,469)
Citation 10

Abstract:

approximate prior information, Kullback-Leibler Information Criterion, relative numerical efficiency

4.
Downloads 177 (134,541)

Too-Big-to-Fail Before the Fed

Number of pages: 12 Posted: 02 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 144 (161,345)

Abstract:

Financial Crisis, Bank bailouts

Too-Big-To-Fail Before the Fed

FRB of Cleveland Working Paper No. 16-12
Number of pages: 14 Posted: 30 May 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 22 (428,781)

Abstract:

financial crisis, bank runs, banking panic, clearing house, bank-specific information, currency premium

Too-Big-To-Fail Before the Fed

NBER Working Paper No. w22064
Number of pages: 13 Posted: 07 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 11 (491,330)

Abstract:

5.

New York and the Politics of Central Banks, 1781 to the Federal Reserve Act

FRB of Atlanta Working Paper No. 2003-42
Number of pages: 44 Posted: 10 Feb 2004
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 154 (144,731)
Citation 1

Abstract:

Financial crisis, central bank, banking legislation

6.

Liquidity Creation Without a Lender of Last Resort: Clearinghouse Loan Certificates in the Banking Panic of 1907

Revision of FRB of Atlanta Working Paper No. 2006-23
Number of pages: 48 Posted: 04 Dec 2006 Last Revised: 06 Jul 2014
Ellis W. Tallman and Jon R. Moen
Federal Reserve Banks - Federal Reserve Bank of Cleveland and University of Mississippi - Department of Economics
Downloads 138 (156,442)
Citation 4

Abstract:

clearing house, financial crisis, panic, lender of last resort

7.

Nominal and Real Disturbances and Money Demand in the Chinese Hyperinflation

FRB of Atlanta Working Paper No. 2002-4
Number of pages: 40 Posted: 25 Jun 2002
Ellis W. Tallman, De-piao Tang and Ping Wang
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Hong Kong University of Science & Technology (HKUST) - Department of Economics and Washington University in Saint Louis - Department of Economics
Downloads 127 (173,581)

Abstract:

Hyperinflation, money demand

Business Cycles and Financial Crises: The Roles of Credit Supply and Demand Shocks

FRB of Philadelphia Working Paper No. 12-24
Number of pages: 52 Posted: 17 Oct 2012
James M. Nason and Ellis W. Tallman
North Carolina State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 60 (290,555)
Citation 1

Abstract:

inside money, credit shock, Bayesian vector autoregression, Markov-switching, stochastic volatility

Business Cycles and Financial Crises: The Roles of Credit Supply and Demand Shocks

CAMA Working Paper 44/2012
Number of pages: 49 Posted: 17 Jul 2013
James M. Nason and Ellis W. Tallman
North Carolina State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 23 (423,216)
Citation 1

Abstract:

Inside money, Credit shock, Bayesian vector autoregression, Markov-switching, Stochastic volatility

How Did Pre-Fed Banking Panics End?

FRB of Cleveland Working Paper No. 1603
Number of pages: 93 Posted: 21 Jan 2016
Ellis W. Tallman and Gary B. Gorton
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Yale School of Management
Downloads 63 (283,252)

Abstract:

Financial crisis, bank runs, banking panic, clearing house, bank-specific information, currency premium

How Did Pre-Fed Banking Panics End?

NBER Working Paper No. w22036
Number of pages: 92 Posted: 01 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 7 (513,249)

Abstract:

10.

Permanent Income and Transitory Variation in Investment and Output

FRB Atlanta Working Paper No. 2001-17
Number of pages: 31 Posted: 09 Nov 2001
Lance A. Fisher, Hyeon-Seung Huh and Ellis W. Tallman
Macquarie University - Department of Economics, Hallym University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 65 (268,548)
Citation 2

Abstract:

permanent income, transitory shocks, structural VEC, productivity

11.

Liquidity Creation Without a Lender of Last Resort: Clearing House Loan Certificates in the Banking Panic of 1907

FRB of Cleveland Policy Discussion Paper No. 2010-10
Number of pages: 49 Posted: 11 Aug 2010
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 36 (315,409)
Citation 4

Abstract:

Financial crises, banking panic of 1907, currency premium, liquidity provision

12.

The Transmission of the Financial Crisis in 1907: An Empirical Investigation

FRB of Cleveland Working Paper No. 14-09
Number of pages: 53 Posted: 05 Sep 2014
Ellis W. Tallman and Jon R. Moen
Federal Reserve Banks - Federal Reserve Bank of Cleveland and University of Mississippi - Department of Economics
Downloads 35 (321,262)

Abstract:

banking panic, asset price, asset volatility, correlation risk, correspondent banking

13.

The Impact of a Dealer's Failure on Otc Derivatives Market Liquidity During Volatile Periods

Federal Reserve Bank of Atlanta Working Paper No. 96-6
Number of pages: 34 Posted: 05 Sep 1996 Last Revised: 06 Aug 2014
Larry D. Wall, Ellis W. Tallman and Peter A. Abken
Federal Reserve Bank of Atlanta - Research Department, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Bank of America
Downloads 32 (352,609)
Citation 2

Abstract:

14.

The Federal Reserve System and World War I: Designing Policies Without Precedent

FRB of Cleveland Working Paper 15-10
Number of pages: 25 Posted: 03 Jul 2015
Ellis W. Tallman and Margaret Jacobson
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Indiana University
Downloads 30 (378,413)

Abstract:

Crisis prevention, liquidity provision, Federal Reserve Act

15.

Close But Not a Central Bank: The New York Clearing House and Issues of Clearing House Loan Certificates

FRB of Cleveland Working Paper No. 13-08
Number of pages: 34 Posted: 15 Nov 2013
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 24 (363,173)

Abstract:

Banking crises, lender of last resort, National Banking Era, New York Clearinghouse, clearing house loan certificates, interbank borrowing

16.

Outside Lending in the NYC Call Loan Market

FRB of Cleveland Working Paper No. 14-08
Number of pages: 23 Posted: 28 Aug 2014 Last Revised: 10 Jan 2015
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 13 (425,530)

Abstract:

Bank panic, stock market, credit rationing, rehypothecation

17.

Liquidity Provision During the Crisis of 1914: Private and Public Sources

FRB of Cleveland Working Paper No. 13-04r
Number of pages: 41 Posted: 15 Nov 2013 Last Revised: 29 Oct 2014
Margaret Jacobson and Ellis W. Tallman
Indiana University and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 13 (400,633)

Abstract:

liquidity provision, lender of last resort, correspondent banking

18.

Why Didn't the United States Establish a Central Bank until after the Panic of 1907?

FRB Atlanta Working Paper Series No. 1999-16
Number of pages: 31 Posted: 25 Jan 2015
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 12 (410,304)
Citation 2

Abstract:

central bank, banking panics, National Banking Era

19.

Forecasting Inflation: Phillips Curve Effects on Services Price Measures

FRB of Cleveland Working Paper No. 1519
Number of pages: 38 Posted: 19 Oct 2015
Ellis W. Tallman and Saeed Zaman
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 0 (415,311)

Abstract:

Inflation forecasting, Phillips curve, disaggregated inflation forecasting models, trend-cycle model

20.

Improving Forecasts of the Federal Funds Rate in a Policy Model

Journal of Business and Economic Statistics, Vol. 19, No. 3, pp. 324-330, 2001, Federal Reserve Bank of Atlanta, Research Department Working Paper No. 99-3
Posted: 05 Nov 1999 Last Revised: 05 Aug 2014
John Robertson and Ellis W. Tallman
Federal Reserve Bank of Atlanta and Federal Reserve Banks - Federal Reserve Bank of Cleveland

Abstract:

21.

Prior Parameter Uncertainty: Some Implications for Forecasting and Policy Analysis with VAR Models

Federal Reserve Bank of Atlanta, Research Department Working Paper No. 99-13
Posted: 27 Oct 1999
John Robertson and Ellis W. Tallman
Federal Reserve Bank of Atlanta and Federal Reserve Banks - Federal Reserve Bank of Cleveland

Abstract:

22.

Clearinghouse Access and Bank Runs: Comparing New York and Chicago During the Panic of 1907

The Journal of Economic History, Vol. 60, No. 1, pp. 145-163, 2000, WP 95-9
Posted: 02 Jul 1998 Last Revised: 06 Aug 2014
Jon R. Moen and Ellis W. Tallman
University of Mississippi - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland

Abstract:

23.

Financial Aggregates as Conditioning Information for Australian Output and Inflation

Working Paper Number No. 97-8
Posted: 23 Feb 1998
Ellis W. Tallman and Naveen Chandra
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Reserve Bank of Australia

Abstract:

24.

The Information Content of Financial Aggregates in Australia

FRB Atlanta Working Paper 96-14
Posted: 20 Jan 1997
Ellis W. Tallman and Naveen Chandra
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Reserve Bank of Australia

Abstract: