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Most cited papers from Federal Reserve

What are the most cited papers from Federal Reserve?

The most cited paper from Federal Reserve is "Empirical exchange rate models of the seventies" (Richard A. Meese, Kenneth Rogoff, 1983), with 4,229 citations. Next come "The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle" (3,765) and "Efficiency of financial institutions: International survey and directions for future research" (3,510).

Showing 50 of 59 papers. Every paper with more than 819 citations is listed.

Most cited papers, sortable by citations and release date
#Paper
1 Empirical exchange rate models of the seventies Richard A. Meese, Kenneth Rogoff · Journal of International Economics Feb 1983 4,229
2 The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle Allen N. Berger, Gregory F. Udell · Journal of Banking & Finance Open access Aug 1998 3,765
3 Efficiency of financial institutions: International survey and directions for future research Allen N. Berger, David Burras Humphrey · European Journal of Operational Research Open access Apr 1997 3,510
4 Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States Thorsten Beck, Ross Eric Levine, Alexey Levkov · The Journal of Finance 21 Sep 2010 3,375
5 Salience and Taxation: Theory and Evidence Raj Chetty, Adam Looney, Kory Kroft · American Economic Review Open access Aug 2009 2,811
6 Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms Mark L. Gertler, Simon Gilchrist · The Quarterly Journal of Economics Open access May 1994 2,635
7 What Explains the Stock Market's Reaction to Federal Reserve Policy? Ben Bernanke, Kenneth N. Kuttner · The Journal of Finance Open access 3 May 2005 2,481
8 Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups Takeo Hoshi, Anil Kumar Kashyap, David S. Scharfstein · The Quarterly Journal of Economics Feb 1991 2,450
9 A Theory of Friendly Boards Renée B. Adams, Daniel Henrique da Mota Ferreira · The Journal of Finance Open access 11 Jan 2007 2,428
10 The Financial Accelerator and the Flight to Quality Ben Bernanke, Mark L. Gertler, Simon Gilchrist · The Review of Economics and Statistics Open access Feb 1996 2,380
11 Optimal monetary policy with staggered wage and price contracts Christopher J. Erceg, Dale W. Henderson, Andrew Levin · Journal of Monetary Economics Open access Oct 2000 2,354
12 Inside the black box: What explains differences in the efficiencies of financial institutions? Allen N. Berger, Loretta J. Mester · Journal of Banking & Finance Open access Jul 1997 2,317
13 Credit Spreads and Business Cycle Fluctuations Simon Gilchrist, Egon Zakrajšek · American Economic Review Jun 2012 2,291
14 Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships Steven A. Sharpe · The Journal of Finance Sep 1990 2,254
15 Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies Eric Michael Leeper · Journal of Monetary Economics Feb 1991 2,095
16 Capital-skill Complementarity and Inequality: A Macroeconomic Analysis Per L. Krusell, Lee E. Ohanian, José-V́ıctor Ŕıos-Rull et al. · Econometrica Sep 2000 2,071
17 A more complete conceptual framework for SME finance Allen N. Berger, Gregory F. Udell · Journal of Banking & Finance 8 Jul 2006 2,026
18 Problem loans and cost efficiency in commercial banks Allen N. Berger, Robert E. DeYoung · Journal of Banking & Finance Open access Jun 1997 2,004
19 Does function follow organizational form? Evidence from the lending practices of large and small banks Allen N. Berger, Nathan W. Miller, Mitchell A. Petersen et al. · Journal of Financial Economics 8 Feb 2005 1,963
20 Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure Allen N. Berger, Gregory F. Udell · The Economic Journal Feb 2002 1,936
21 Expected Stock Returns and Variance Risk Premia Tim Bollerslev, George E. Tauchen, Hao Zhou · Review of Financial Studies 12 Feb 2009 1,927
22 Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregressive (FAVAR) Approach Ben Bernanke, Jean L. Boivin, Piotr Eliasz · The Quarterly Journal of Economics Feb 2005 1,812
23 The Resurgence of Growth in the Late 1990s: Is Information Technology the Story? Stephen D. Oliner, Daniel E. Sichel · The Journal of Economic Perspectives Open access Nov 2000 1,759
24 The consolidation of the financial services industry: Causes, consequences, and implications for the future Allen N. Berger, Rebecca S. Demsetz, Philip E. Strahan · Journal of Banking & Finance Open access Feb 1999 1,541
25 Estimates of the Trade and Welfare Effects of NAFTA Lorenzo Caliendo, Fernando Parro · The Review of Economic Studies Open access 14 Nov 2014 1,468
26 Monetary Policy Rules Based on Real-Time Data Athanasios Orphanides · American Economic Review Sep 2001 1,423
27 The U.S. Treasury yield curve: 1961 to the present Refet S. Gürkaynak, Brian Sack, Jonathan H. Wright · Journal of Monetary Economics Open access 7 Jul 2007 1,413
28 The Surprisingly Swift Decline of US Manufacturing Employment Justin R. Pierce, Peter K. Schott · American Economic Review 30 Jun 2016 1,382
29 Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model William H. Poole · The Quarterly Journal of Economics May 1970 1,310
30 Do Actions Speak Louder than Words? The Response of Asset Prices to Monetary Policy Actions and Statements Refet S. Gürkaynak, Brian Sack, Eric T. Swanson · SSRN Electronic Journal PreprintOpen access 2004 1,248
31 Why do so Few Hold Stocks? Michael Haliassos, Carol C. Bertaut · The Economic Journal Sep 1995 1,116
32 A Rational Expectations Model of Financial Contagion Laura E. Kodres, Matthew G. Pritsker · The Journal of Finance Open access Apr 2002 1,111
33 Measuring the Natural Rate of Interest Thomas Laubach, John C. Williams · The Review of Economics and Statistics Open access Nov 2003 1,086
34 Effective tax rates in macroeconomics Enrique G. Mendoza, Assaf Razin, Linda L. Tesar · Journal of Monetary Economics Dec 1994 1,071
35 Collateral, loan quality and bank risk Allen N. Berger, Gregory F. Udell · Journal of Monetary Economics 1990 1,061
36 Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion Steven C. Salop, Joseph E. Stiglitz · The Review of Economic Studies Open access Oct 1977 1,055
37 The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models Refet S. Gürkaynak, Brian Sack, Eric T. Swanson · American Economic Review Open access Feb 2005 1,045
38 Capital structure and firm performance: A new approach to testing agency theory and an application to the banking industry Allen N. Berger, Emilia Bonaccorsi di Patti · Journal of Banking & Finance Open access 24 Jun 2005 1,036
39 Bank ownership and efficiency in China: What will happen in the world’s largest nation? Allen N. Berger, Iftekhar Hasan, Mingming Zhou · Journal of Banking & Finance 10 Dec 2007 1,033
40 The ability of banks to lend to informationally opaque small businesses Allen N. Berger, Leora F. Klapper, Gregory F. Udell · Journal of Banking & Finance Open access Dec 2001 1,007
41 The role of capital in financial institutions Allen N. Berger, Richard John Herring, Giorgio P. Szegö · Journal of Banking & Finance Open access Jun 1995 1,002
42 The impact of monetary policy on asset prices Roberto Rigobón, Brian Sack · Journal of Monetary Economics Nov 2004 987
43 The efficiency of financial institutions: A review and preview of research past, present and future Allen N. Berger, William Curt Hunter, Stephen G. Timme · Journal of Banking & Finance Apr 1993 970
44 The Twin Crises: The Causes of Banking and Balance-of-Payments Problems Graciela Kaminsky, Carmen Reinhart · International Finance Discussion Paper Open access Mar 1996 957
45 Entrepreneurship, Frictions, and Wealth Marco Cagetti, Mariacristina De Nardi · Journal of Political Economy Oct 2006 956
46 Real-Time Measurement of Business Conditions S. Borağan Aruoba, Francis X. Diebold, Chiara Scotti · Journal of Business and Economic Statistics Oct 2009 934
47 What Moves the Stock and Bond Markets? A Variance Decomposition for Long-Term Asset Returns John Y. Campbell, John Matthew Ammer · The Journal of Finance Mar 1993 926
48 Roads to Prosperity? Assessing the Link Between Public Capital and Productivity John G. Fernald · American Economic Review Jun 1999 911
49 A risk-factor model foundation for ratings-based bank capital rules Michael B. Gordy · Journal of Financial Intermediation Open access Jul 2003 909
50 How Wide is the Border? Charles Engel, John Harold Rogers · International Finance Discussion Paper Open access Feb 1995 882

Citations are OpenAlex's own counts, from its 2026-09-23 snapshot, so the ranking can differ from Google Scholar or Web of Science. A paper is listed for an institution when any of its authors gave it as an affiliation; retracted papers and papers whose citation count cannot be traced to citing works are left out, and a preprint and the article it became are shown once. Release dates are OpenAlex's: where a source gave only a month or a year, that is what is shown. How the lists are chosen.