Working Papers

Income Effects of Federal Reserve Liquidity Facilities
With Nicholas J. Klagge
Working paper, February 2010

The Microstructure of the TIPS Market
With Neel Krishnan
Federal Reserve Bank of New York Staff Reports, No. 414, December 2009

The Microstructure of a U.S. Treasury ECN: The BrokerTec Platform
With Bruce Mizrach
Federal Reserve Bank of New York Staff Reports, No. 381, July 2009

How Do Treasury Dealers Manage Their Positions?
With Joshua V. Rosenberg
Federal Reserve Bank of New York Staff Reports, No. 299, August 2007

Monetary Policy Tick-by-Tick
With Monika Piazzesi
Working paper, August 2005

Heat Waves, Meteor Showers, and Trading Volume: An Analysis of Volatility Spillovers in the U.S. Treasury Market
With Jose A. Lopez
Federal Reserve Bank of New York Staff Reports, No. 82, July 1999

The Term Structure of Announcement Effects
With Eli M. Remolona
Federal Reserve Bank of New York Staff Reports, No. 76, May 1999

Preserving Firm Value through Exit: The Case of Voluntary Liquidations
With John J. Moon
Federal Reserve Bank of New York Staff Reports, No. 8, December 1995

Michael Fleming's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.