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Author:Cromwell, Brian A. 

Working Paper
The impact of capital grants on maintenance in the public sector

A study of how state and federal grants affect the maintenance policies of local mass-transit providers, showing that private owners of transit capital devote significantly greater resources to maintenance than do public owners of similar capital.
Working Papers (Old Series) , Paper 8812

Journal Article
Summer special edition: touring the West

FRBSF Economic Letter

Journal Article
A Monte Carlo examination of bias tests in mortgage lending

An exploration of the effectiveness of testing procedures in uncovering discrimination by mortgage lenders, reflecting perceived shortcomings in the scope of data provided by the Home Mortgage Disclosure Act, which indicates that the rejection rate for black mortgage applicants is much higher than for whites. The authors find that for plausible levels of bias, the sample size is critical, but that low levels of bias can be difficult to detect even with large sample sizes.
Economic Review , Volume 30 , Issue Q III , Pages 27-40

Journal Article
Can paradise be affordable?

FRBSF Economic Letter

Journal Article
Capital subsidies and the infrastructure crisis: evidence from the local mass-transit industry

The author examines and summarizes empirical evidence from two recent studies of the mass-transit industry that suggest federal capital subsidies have important effects on infrastructure decisions of state and local governments.
Economic Review , Volume 25 , Issue Q II , Pages 11-21

Working Paper
Dedicated taxes and rent capture by public employees

A test of whether the enactment of a dedicated tax leads to higher payroll and wages for public employees, by means of survey results from the local mass-transit industry.
Working Papers (Old Series) , Paper 8904

Journal Article
Recession and the West

FRBSF Economic Letter

Journal Article
Financial restructuring and regional economic activity

An empirical analysis that links employment changes resulting from the birth, death, expansion, and contraction of various-sized banks with the local economic performance of 217 SMSAs over the 1980-82 and 1984-86 periods. Results suggest that the deaths of midsized banks have a negative, but short-lived, impact on economic activity.
Economic Review , Volume 26 , Issue Q III , Pages 13-25

Working Paper
Local banking markets and firm location

A study of the effects of bank structure and profitability on the births of new firms, arguing that local credit markets potentially affect firm location decisions.
Working Papers (Old Series) , Paper 9114

Journal Article
Commercial aerospace: risks and prospects

FRBSF Economic Letter

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