research
Research
Work in Progress/Working Papers
Lending frictions and nominal rigidities: Implications for credit reallocation and TFP. With David Florian Hoyle.
(Previously titled Unemployment and Gross Credit Flows in a New Keynesian Framework. )
The Effects of Capital Injections at Times of Bank Distress: Evidence from the TARP. With Su-Hsin Chang and Silvio Contessi.
Labour and credit market frictions with small and large firms. With David Florian Hoyle. Slides
Aggregate Shocks and the Two Sides of Credit Reallocation. With Silvio Contessi and Riccardo DiCecio.
Published Papers
Total citation count (Google Scholar): 1467 (Feb 2, 2019)
- Contessi, Silvio, Chang, Su-Hsin, and Johanna L. Francis. (2014) Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis. The Journal of Economic Dynamics and Control 43: 78-106. (previously circulated as: Excess Reserves During the U.S. Financial Crisis: A Bank-level Perspective)
- Aykut, Dilek, Francis, Johanna L., and Eugen Tereanu. (2014) The Cost of Private Debt Over the Credit Cycle. (IMF Working Paper No. 10/283.) The Journal of International Money and Finance 41 (March): 146-181.
- Contessi, Silvio, De Pace Pierangelo and Johanna L. Francis. (2013) The Cyclical Properties of Disaggregated Capital Flows. The Journal of International Money and Finance 32 (Feb): 528-555.
- Contessi, Silvio, and Johanna L. Francis. (2013) U.S. commercial bank lending through 2008:Q4: new evidence from gross credit flows. Economic Inquiry 51(1): 428-444.
- Demiralp, Berna and Johnana L. Francis. (2013) Wealth, Human Capital and the Transition to Self Employment. Eastern Economic Journal 39(1): 72-92.
- Contessi, Silvio, De Pace Pierangelo, Johanna L. Francis. (2012) Changes in the Second-Moment Properties of Disaggregated Capital Flows. Economic Letters 115: 122-127.
- Contessi, Silvio, and Johanna L. Francis. (2011) TARP Beneficiaries and their Lending Patterns during the Financial Crisis. St. Louis Federal Reserve Review 93(2): 105-126.
- Cho, Sang-Wook and Johanna L. Francis. (2011) Tax Treatment of Owner Occupied Housing and Wealth Inequality. Journal of Macroeconomics 33: 42-60.
- Francis, Johanna L. (2009) Wealth and the Capitalist Spirit. Journal of Macroeconomics 31(3): 394-408.
- Feldman, M.P., Francis, J.L. and J. Bercovitz (2005). Creating a Cluster While Building a Firm: Entrepreneurs and the Formation of Industrial Clusters. Regional Studies 39(1): 129-141. Citation count (Google Scholar): 548 (Apr 15, 2016)
- Feldman, M. P. and J.L. Francis (2004). Home Grown Solutions:Fostering Cluster Formation through Entrepreneurship. Economic Development Quarterly 18: 127-137. Citation count (Google Scholar): 165 (Apr 15, 2016)
- Feldman, M. P. and J.L. Francis (2003). Fortune Favors the Prepared Region: The Case of Entrepreneurship and the Capitol Region Biotechnology Cluster. European Planning Studies 11(7): 765-788. Citation count (Google Scholar): 144 (Apr 15, 2016)
Refereed Chapters in Books
Francis, J.L. and M. Dailami (2006). Challenges in Managing Capital Flows. in Global Development Finance 2006, Washington, D.C.: The World Bank.
Francis, J.L. and M.P. Feldman (2006). Entrepreneurship, Innovation and Regional Clustering, in Braunerhjhelm, P. and J. Wiklund (eds.) Entrepreneurship and Growth, Sweden: Forum for Smaaforetagsforskning.
