CLEVELAND, Ohio, July 28 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 26-18) on July 17, 2026 by Nicholas Fritsch and Edward S. Prescott entitled "Macroeconomic Parameter Instability in Auto Loan Loss Models."

Here is the abstract:

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We estimate a discrete-time Markov transition model of auto loan performance over the 2000-2025 period using multinomial logistic regressions. Using rolling pseudo out-o . . .

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