Joe Peek
Joe Peek
Vice President and Economist

Research

email  Joe.Peek@bos.frb.org

617-973-3880

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Publications

Refereed journal articles

"Cliff Notes: The Effects of the 2013 Debt-Ceiling Crisis," with Ali Ozdagli. FRB Boston Public Policy Brief Series, brief no. 13-9 (2013).

"Capital Constraints, Asymmetric Information, and Internal Capital Markets in Banking: New Evidence," with Dmytro Holod Journal of Money, Credit, and Banking 42(5):879-906 (August 2010).

“Credit Availability and the Structure of the Homebuilding Industry,” with Brent Ambrose Real Estate Economics 36(4):659-692 (Winter 2008). [winner of the Edwin Mills award for the best paper published in REE in 2008]

“Asymmetric Information and Liquidity Constraints: A New Test,” with Dmytro Holod Journal of Banking and Finance. 31(8):2425-2451 ( August 2007).

“Comovement After Joining an Index: Spillovers of Nonfundamental Effects,” with Brent Ambrose and Dong Lee Real Estate Economics. 35(1):57-90 (2007).

“Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment,” with James A. WilcoxAmerican Economic Review, Papers and Proceedings, 96(2):135-140 (May 2006).

“Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan,” with Eric Rosengren American Economic Review 95(4) 1144-1166 (September 2005).

“Identifying the Macroeconomic Effect of Loan Supply Shocks,” with Eric Rosengren and Geoffrey Tootell, Journal of Money, Credit, and Banking35(6):931-946 (December 2003, Part 1).

"Does the Federal Reserve Possess an Exploitable Informational Advantage?" with Eric Rosengren and Geoffrey Tootell Journal of Monetary Economics 50(4): 817-839 (May 2003).

“Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit,” with Michael Klein and Eric Rosengren American Economic Review 92(3): 664-682 (June 2002).

"Determinants of the Japan Premium: Actions Speak Louder than Words," with Eric Rosengren Journal of International Economics 53(2): 283-305 (April 2001).

"The Market Reaction to the Disclosure of Supervisory Actions: Implications for Bank Transparency," with John S. Jordan and Eric S. Rosengren Journal of Financial Intermediation 9(3): 298-319 (July 2000).

"Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States," with Eric Rosengren American Economic Review 90(1):30-45 (March 2000).

"Is Bank Supervision Central to Central Banking?" with Eric Rosengren and Geoffrey Tootell Quarterly Journal of Economics 114(2): 629-653 (May 1999).

"The Poor Performance of Foreign Bank Subsidiaries: Were the Problems Acquired or Created?" with Eric Rosengren and Faith Kasirye Journal of Banking and Finance 23(2-4): 579-604 (February 1999).

"Bank Consolidation and Small Business Lending: It's Not Just Bank Size That Matters," with Eric Rosengren Journal of Banking and Finance 22(6-8): 799-819 (August 1998).

"Derivatives Activity at Troubled Banks," with Eric Rosengren Journal of Financial Services Research 12(2-3): 287-302 (October/December 1997). Reprinted in The Regulation and Supervision of Banks, Vol. III, Maximilian J.B. Hall, ed., Edward Elgar Publishing, 2001.

"The International Transmission of Financial Shocks: The Case of Japan," with Eric Rosengren American Economic Review, 87(4): 495-505 (September 1997).

"Will Legislated Early Intervention Prevent the Next Banking Crisis?" with Eric Rosengren Southern Economic Journal 64(1): 268-280 (July 1997).

"Bank Regulatory Agreements and Real Estate Lending," with Eric RosengrenReal Estate Economics 24(1):55-73 (Spring 1996).

"The Capital Crunch: Neither a Borrower Nor a Lender Be," with Eric RosengrenJournal of Money, Credit, and Banking 27(3):625-638 (August 1995). Reprinted in The Regulation and Supervision of Banks, Vol. III, Maximilian J.B. Hall, ed., Edward Elgar Publishing, 2001.

"Bank Regulation and the Credit Crunch," with Eric Rosengren Journal of Banking and Finance 19(3-4): 679-692 (June 1995). Reprinted in The Regulation and Supervision of Banks, Vol. III, Maximilian J.B. Hall, ed., Edward Elgar Publishing, 2001.

"Bank Real Estate Lending and the New England Capital Crunch," with Eric Rosengren Journal of the American Real Estate and Urban Economics Association 22(1): 33-58 (Spring 1994).

"Treasury Bill Rates in the 1970s and 1980s," with Patric Hendershott Journal of Money, Credit and Banking 195-214 (May 1992).

"The Baby Boom, 'Pent-Up' Demand and Future House Prices," with James A. Wilcox Journal of Housing Economics 1: 347-367 (December 1991).

"The Measurement and Determinants of Single-Family House Prices," with James A. Wilcox AREUEA Journal 19(3): 353-382 (Fall 1991).

"Determinants of U.S. Treasury Bill Rates," with Patric Hendershott Financial Markets and Portfolio Management, no. 1:9-15 (1989).

"Household Saving in the United States: Measurement and Behavior," with Patric Hendershott Journal of Business and Economic Statistics 7(1):11-19 (January 1989).

"Monetary Policy Regimes and the Reduced Form for Interest Rates," with James A. Wilcox Journal of Money, Credit and Banking 19(3): 273-291 (August 1987).

"An Ex Ante View of Household Portfolio Choice: The Role of Expected Capital Gains," with David Ortmeyer Review of Economics and Statistics 68(2):207-216 (May 1986).

"Tax Rate Effects on Interest Rates," with James A. Wilcox Economics Letters20(2): 183-186 (February 1986).

"The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates," with James A. Wilcox American Economic Review 74(5): 1061-1066 (December 1984).

"The Postwar Stability of the Fisher Effect," with James A. Wilcox Journal of Finance September 38(4): 1111-1124 (1983).

"Capital Gains and Personal Saving Behavior," Journal of Money, Credit and Banking 15(1):1-23 (February 1983).

"Interest Rates, Income Taxes and Anticipated Inflation" American Economic Review 72(5): 980-991 (December 1982). "Personal Saving and the Measurement of Income Tax Liabilities" Review of Economics and Statistics 64(1):143-147 (February 1982).

Other journal articles