Details about Eric T. Swanson

Homepage:	http://www.ericswanson.org
Phone:	949-824-8305
Postal address:	Department of Economics University of California, Irvine 3151 Social Science Plaza Irvine, CA 92697
Workplace:	Department of Economics, University of California-Irvine, (more information at EDIRC)

Access statistics for papers by Eric T. Swanson.

Last updated 2023-11-06. Update your information in the RePEc Author Service.

Short-id: psw16

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Working Papers

2023

1. The Labor Demand and Labor Supply Channels of Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
2. The Macroeconomic Effects of the Federal Reserve's Conventional and Unconventional Monetary Policies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2022

3. A Reassessment of Monetary Policy Surprises and High-Frequency Identification
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2022) View citations (34)
   CESifo Working Paper Series, CESifo (2022) View citations (34)
   NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (35)
   See also Journal Article A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Macroeconomics Annual, University of Chicago Press (2023) View citations (43) (2023)
   Chapter A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Chapters, National Bureau of Economic Research, Inc (2022) View citations (34) (2022)
4. The Federal Funds Market, Pre- and Post-2008
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Chapter The federal funds market, pre- and post-2008, Chapters, Edward Elgar Publishing (2023) (2023)

2021

5. The Fed's response to economic news explains the "Fed information effect"
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)
   Also in CESifo Working Paper Series, CESifo (2020) View citations (29)
   Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (24)

2020

6. An Alternative Explanation for the “Fed Information Effect”
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
   See also Journal Article An Alternative Explanation for the "Fed Information Effect", American Economic Review, American Economic Association (2023) View citations (21) (2023)

2019

7. Implications of Labor Market Frictions for Risk Aversion and Risk Premia
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in 2013 Meeting Papers, Society for Economic Dynamics (2013)
   Working Paper Series, Federal Reserve Bank of San Francisco (2013)
   See also Journal Article Implications of Labor Market Frictions for Risk Aversion and Risk Premia, American Economic Journal: Macroeconomics, American Economic Association (2020) View citations (4) (2020)

2018

8. The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
   See also Journal Article The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2018) View citations (53) (2018)

2017

9. Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (160)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (13)
   See also Journal Article Measuring the effects of federal reserve forward guidance and asset purchases on financial markets, Journal of Monetary Economics, Elsevier (2021) View citations (208) (2021)

2015

10. A Macroeconomic Model of Equities and Real, Nominal, and Defaultable Debt
    2015 Meeting Papers, Society for Economic Dynamics View citations (32)
11. Measuring the Effects of Unconventional Monetary Policy on Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
    See also Journal Article Measuring the effects of unconventional monetary policy on asset prices, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2016) View citations (10) (2016)
    Chapter Measuring the Effects of Unconventional Monetary Policy on Asset Prices, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2016) View citations (10) (2016)

2014

12. Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (415)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2012) View citations (8)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (60)
    See also Journal Article Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates, American Economic Review, American Economic Association (2014) View citations (424) (2014)
13. Monetary Policy Effectiveness in China: Evidence from a FAVAR Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (115)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (87)
    See also Journal Article Monetary policy effectiveness in China: Evidence from a FAVAR model, Journal of International Money and Finance, Elsevier (2014) View citations (98) (2014)

2013

14. Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    See also Chapter Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (13) (2013)

2012

15. Risk aversion, risk premia, and the labor margin with generalized recursive preferences
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (16)
    See also Journal Article Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (33) (2018)

2011

16. Let's Twist Again: A High-Frequency Event-Study Analysis of Operation Twist and Its Implications for QE2
    2011 Meeting Papers, Society for Economic Dynamics View citations (275)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (83)
    See also Journal Article Let's Twist Again: A High-Frequency Event-study Analysis of Operation Twist and Its Implications for QE2, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2011) View citations (257) (2011)

2010

17. Risk Aversion, the Labor Margin, and Asset Pricing in DSGE Models
    2010 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (6)

2009

18. CONVERGENCE AND ANCHORING OF YIELD CURVES IN THE EURO AREA
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2007) View citations (12)
    Working Paper Series, European Central Bank (2007) View citations (22)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (33)
    See also Journal Article Convergence and Anchoring of Yield Curves in the Euro Area, The Review of Economics and Statistics, MIT Press (2011) View citations (82) (2011)
19. Risk Premia on Equity and Debt in a DSGE Model with Long-Run Real and Nominal Risks
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)

2008

20. Examining the bond premium puzzle with a DSGE model
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (143)
    See also Journal Article Examining the bond premium puzzle with a DSGE model, Journal of Monetary Economics, Elsevier (2008) View citations (169) (2008)
21. Long-Run Inflation Risk and the Postwar Term Premium
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
22. The bond premium in a DSGE model with long-run real and nominal risks
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    Also in Working Paper Research, National Bank of Belgium (2008) View citations (41)
    See also Journal Article The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks, American Economic Journal: Macroeconomics, American Economic Association (2012) View citations (360) (2012)

2007

23. Optimal Time-Consistent Monetary Policy in the New Keynesian Model with Repeated Simultaneous Play
    2007 Meeting Papers, Society for Economic Dynamics
24. Real wage cyclicality in the PSID
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)

2006

25. Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the US, UK and Sweden
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (59)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (124)
26. Futures prices as risk-adjusted forecasts of monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (45)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (45)
    See also Journal Article Futures prices as risk-adjusted forecasts of monetary policy, Journal of Monetary Economics, Elsevier (2008) View citations (208) (2008)
27. Higher-order perturbation solutions to dynamic, discrete-time rational expectations models
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (69)
28. Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (24)
    See also Journal Article Inflation targeting and the anchoring of inflation expectations in the western hemisphere, Economic Review, Federal Reserve Bank of San Francisco (2007) View citations (26) (2007)
    Chapter Inflation Targeting and the Anchoring of Inflation Expectations in the Western Hemisphere, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2007) View citations (74) (2007)
29. Macroeconomic implications of changes in the term premium
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (28)
    See also Journal Article Macroeconomic implications of changes in the term premium, Review, Federal Reserve Bank of St. Louis (2007) View citations (99) (2007)
30. Market-based measures of monetary policy expectations
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (33)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (51)
    See also Journal Article Market-Based Measures of Monetary Policy Expectations, Journal of Business & Economic Statistics, American Statistical Association (2007) View citations (183) (2007)
31. The bond yield \"conundrum\" from a macro-finance perspective
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (58)
    See also Journal Article The Bond Yield "Conundrum" from a Macro-Finance Perspective, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2006) View citations (79) (2006)
32. The relative price and relative productivity channels for aggregate fluctuations
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)
    See also Journal Article The Relative Price and Relative Productivity Channels for Aggregate Fluctuations, The B.E. Journal of Macroeconomics, De Gruyter (2006) View citations (5) (2006)

2005

33. Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements
    MPRA Paper, University Library of Munich, Germany View citations (1108)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (73)
    Macroeconomics, University Library of Munich, Germany (2005) View citations (1081)
    See also Journal Article Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements, International Journal of Central Banking, International Journal of Central Banking (2005) View citations (1071) (2005)
34. Higher-Order Perturbation Solutions to Dynamic, Discrete-Time Rational Expectations Models: Methods and an Application to Optimal Monetary Policy
    Computing in Economics and Finance 2005, Society for Computational Economics
35. Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) View citations (3)
    See also Journal Article Optimal nonlinear policy: signal extraction with a non-normal prior, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (8) (2006)

2004

36. Federal Reserve transparency and financial market forecasts of short-term interest rates
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (39)
37. Higher-Order Solutions to Dynamic, Discrete-Time Rational Expectations Models: Methods and an Application to Optimal Monetary Policy
    Econometric Society 2004 North American Winter Meetings, Econometric Society
    Also in Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (2)
38. Optimal Monetary Policy in an Imperfect World
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (1)
39. The magnitude and Cyclical Behavior of Financial Market Frictions
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (92)

2003

40. Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (89)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (8)
    Working Paper Series, European Central Bank (2002) View citations (21)
    See also Journal Article Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data, Journal of the European Economic Association, MIT Press (2003) View citations (92) (2003)
41. The excess sensitivity of long-term interest rates: evidence and implications for macroeconomic models
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (67)
    See also Journal Article The excess sensitivity of long-term interest rates: evidence and implications for macroeconomic models, Proceedings, Federal Reserve Bank of San Francisco (2003) View citations (88) (2003)

2002

42. Identifying vars based on high frequency futures data
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (15)
    See also Journal Article Identifying VARS based on high frequency futures data, Journal of Monetary Economics, Elsevier (2004) View citations (222) (2004)

2001

43. NAIRU uncertainty and nonlinear policy rules
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (40)
    See also Journal Article NAIRU Uncertainty and Nonlinear Policy Rules, American Economic Review, American Economic Association (2001) View citations (38) (2001)

2000

44. On Signal Extraction and Non-Certainty-Equivalence in Optimal Monetary Policy Rules
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (31)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations (31)
    See also Journal Article SIGNAL EXTRACTION AND NON-CERTAINTY-EQUIVALENCE IN OPTIMAL MONETARY POLICY RULES, Macroeconomic Dynamics, Cambridge University Press (2004) View citations (37) (2004)

1999

45. Measuring the cyclicality of real wages: how important is aggregation across industries?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
46. Models of sectoral reallocation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)

Journal Articles

2023

1. A Reassessment of Monetary Policy Surprises and High-Frequency Identification
   NBER Macroeconomics Annual, 2023, 37, (1), 87 - 155 View citations (43)
   See also Working Paper A Reassessment of Monetary Policy Surprises and High-Frequency Identification, CEPR Discussion Papers (2022) (2022)
   Chapter A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Chapters, 2022, 87-155 (2022) View citations (34) (2022)
2. An Alternative Explanation for the "Fed Information Effect"
   American Economic Review, 2023, 113, (3), 664-700 View citations (21)
   See also Working Paper An Alternative Explanation for the “Fed Information Effect”, NBER Working Papers (2020) View citations (16) (2020)
3. The Importance of Fed Chair Speeches as a Monetary Policy Tool
   AEA Papers and Proceedings, 2023, 113, 394-400 View citations (8)

2021

4. Measuring the effects of federal reserve forward guidance and asset purchases on financial markets
   Journal of Monetary Economics, 2021, 118, (C), 32-53 View citations (208)
   See also Working Paper Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets, NBER Working Papers (2017) View citations (160) (2017)

2020

5. Implications of Labor Market Frictions for Risk Aversion and Risk Premia
   American Economic Journal: Macroeconomics, 2020, 12, (2), 194-240 View citations (4)
   See also Working Paper Implications of Labor Market Frictions for Risk Aversion and Risk Premia, NBER Working Papers (2019) (2019)

2018

6. Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences
   Review of Economic Dynamics, 2018, 28, 290-321 View citations (33)
   See also Working Paper Risk aversion, risk premia, and the labor margin with generalized recursive preferences, Working Paper Series (2012) View citations (16) (2012)
   Software Item Code and data files for "Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences", Computer Codes (2017) (2017)
7. The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates
   Brookings Papers on Economic Activity, 2018, 49, (2 (Fall)), 555-572 View citations (53)
   See also Working Paper The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates, NBER Working Papers (2018) View citations (52) (2018)

2016

8. Measuring the effects of unconventional monetary policy on asset prices
   Journal Economía Chilena (The Chilean Economy), 2016, 19, (2), 78-100 View citations (10)
   See also Chapter Measuring the Effects of Unconventional Monetary Policy on Asset Prices, Central Banking, Analysis, and Economic Policies Book Series, 2016, 24, 105-130 (2016) View citations (10) (2016)
   Working Paper Measuring the Effects of Unconventional Monetary Policy on Asset Prices, NBER Working Papers (2015) View citations (30) (2015)

2014

9. Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
   American Economic Review, 2014, 104, (10), 3154-85 View citations (424)
   See also Working Paper Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates, NBER Working Papers (2014) View citations (415) (2014)
10. Monetary policy effectiveness in China: Evidence from a FAVAR model
    Journal of International Money and Finance, 2014, 49, (PA), 83-103 View citations (98)
    See also Working Paper Monetary Policy Effectiveness in China: Evidence from a FAVAR Model, NBER Working Papers (2014) View citations (115) (2014)

2013

11. The zero lower bound and longer-term yields
    FRBSF Economic Letter, 2013, (sept30)

2012

12. Risk Aversion and the Labor Margin in Dynamic Equilibrium Models
    American Economic Review, 2012, 102, (4), 1663-91 View citations (117)
13. Structural and cyclical economic factors
    FRBSF Economic Letter, 2012, (jun11) View citations (1)
14. The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks
    American Economic Journal: Macroeconomics, 2012, 4, (1), 105-43 View citations (360)
    See also Working Paper The bond premium in a DSGE model with long-run real and nominal risks, Working Paper Series (2008) View citations (8) (2008)

2011

15. Convergence and Anchoring of Yield Curves in the Euro Area
    The Review of Economics and Statistics, 2011, 93, (1), 350-364 View citations (82)
    See also Working Paper CONVERGENCE AND ANCHORING OF YIELD CURVES IN THE EURO AREA, 2009 Meeting Papers (2009) View citations (1) (2009)
16. Let's Twist Again: A High-Frequency Event-study Analysis of Operation Twist and Its Implications for QE2
    Brookings Papers on Economic Activity, 2011, 42, (1 (Spring)), 151-207 View citations (257)
    See also Working Paper Let's Twist Again: A High-Frequency Event-Study Analysis of Operation Twist and Its Implications for QE2, 2011 Meeting Papers (2011) View citations (275) (2011)
17. Operation Twist and the effect of large-scale asset purchases
    FRBSF Economic Letter, 2011, (apr25) View citations (2)

2010

18. Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from the U.S., UK, and Sweden
    Journal of the European Economic Association, 2010, 8, (6), 1208-1242 View citations (259)
19. Financial market imperfections and macroeconomics: conference summary
    FRBSF Economic Letter, 2010, (aug23)

2009

20. Macroeconomic models for monetary policy: conference summary
    FRBSF Economic Letter, 2009, (jul20)

2008

21. Convergence of long-term bond yields in the euro area
    FRBSF Economic Letter, 2008, (nov21) View citations (8)
22. Examining the bond premium puzzle with a DSGE model
    Journal of Monetary Economics, 2008, 55, (Supplement 1), S111-S126 View citations (169)
    See also Working Paper Examining the bond premium puzzle with a DSGE model, Working Paper Series (2008) View citations (143) (2008)
23. Futures prices as risk-adjusted forecasts of monetary policy
    Journal of Monetary Economics, 2008, 55, (4), 677-691 View citations (208)
    Also in Proceedings, 2004, (Mar) (2004) View citations (29)
    See also Working Paper Futures prices as risk-adjusted forecasts of monetary policy, Working Paper Series (2006) View citations (45) (2006)

2007

24. Inflation targeting and the anchoring of inflation expectations in the western hemisphere
    Economic Review, 2007, 25-47 View citations (26)
    Also in Journal Economía Chilena (The Chilean Economy), 2006, 9, (3), 19-52 (2006) View citations (21)
    See also Working Paper Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere, Working Papers Central Bank of Chile (2006) View citations (24) (2006)
    Chapter Inflation Targeting and the Anchoring of Inflation Expectations in the Western Hemisphere, Central Banking, Analysis, and Economic Policies Book Series, 2007, 11, 415-465 (2007) View citations (74) (2007)
25. Macroeconomic implications of changes in the term premium
    Review, 2007, 89, (Jul), 241-270 View citations (99)
    See also Working Paper Macroeconomic implications of changes in the term premium, Working Paper Series (2006) View citations (28) (2006)
26. Market-Based Measures of Monetary Policy Expectations
    Journal of Business & Economic Statistics, 2007, 25, 201-212 View citations (183)
    See also Working Paper Market-based measures of monetary policy expectations, Working Paper Series (2006) View citations (33) (2006)
27. REAL WAGE CYCLICALITY IN THE PANEL STUDY OF INCOME DYNAMICS
    Scottish Journal of Political Economy, 2007, 54, (5), 617-647 View citations (26)
28. What we do and don't know about the term premium
    FRBSF Economic Letter, 2007, (jul20) View citations (10)

2006

29. Have Increases in Federal Reserve Transparency Improved Private Sector Interest Rate Forecasts?
    Journal of Money, Credit and Banking, 2006, 38, (3), 791-819 View citations (208)
30. Optimal nonlinear policy: signal extraction with a non-normal prior
    Journal of Economic Dynamics and Control, 2006, 30, (2), 185-203 View citations (8)
    See also Working Paper Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior, Computing in Economics and Finance 2005 (2005) View citations (2) (2005)
31. The Bond Yield "Conundrum" from a Macro-Finance Perspective
    Monetary and Economic Studies, 2006, 24, (S1), 83-109 View citations (79)
    See also Working Paper The bond yield \"conundrum\" from a macro-finance perspective, Working Paper Series (2006) View citations (58) (2006)
32. The Relative Price and Relative Productivity Channels for Aggregate Fluctuations
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-39 View citations (5)
    See also Working Paper The relative price and relative productivity channels for aggregate fluctuations, Working Paper Series (2006) View citations (6) (2006)
33. Would an inflation target help anchor U.S. inflation expectations?
    FRBSF Economic Letter, 2006, (aug11) View citations (3)

2005

34. Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements
    International Journal of Central Banking, 2005, 1, (1) View citations (1071)
    See also Working Paper Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements, MPRA Paper (2005) View citations (1108) (2005)
35. The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models
    American Economic Review, 2005, 95, (1), 425-436 View citations (564)

2004

36. Do Federal Reserve Policy Surprises Reveal Superior Information about the Economy?
    The B.E. Journal of Macroeconomics, 2004, 4, (1), 31 View citations (96)
37. Identifying VARS based on high frequency futures data
    Journal of Monetary Economics, 2004, 51, (6), 1107-1131 View citations (222)
    See also Working Paper Identifying vars based on high frequency futures data, International Finance Discussion Papers (2002) View citations (15) (2002)
38. Measuring the Cyclicality of Real Wages: How Important Is the Firm's Point of View?
    The Review of Economics and Statistics, 2004, 86, (1), 362-377 View citations (12)
39. SIGNAL EXTRACTION AND NON-CERTAINTY-EQUIVALENCE IN OPTIMAL MONETARY POLICY RULES
    Macroeconomic Dynamics, 2004, 8, (1), 27-50 View citations (37)
    Also in Proceedings, 2000 (2000) View citations (26)
    See also Working Paper On Signal Extraction and Non-Certainty-Equivalence in Optimal Monetary Policy Rules, Econometric Society World Congress 2000 Contributed Papers (2000) View citations (31) (2000)

2003

40. Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data
    Journal of the European Economic Association, 2003, 1, (5), 1031-1057 View citations (92)
    See also Working Paper Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data, NBER Working Papers (2003) View citations (89) (2003)
41. The excess sensitivity of long-term interest rates: evidence and implications for macroeconomic models
    Proceedings, 2003, (Mar) View citations (88)
    See also Working Paper The excess sensitivity of long-term interest rates: evidence and implications for macroeconomic models, Finance and Economics Discussion Series (2003) View citations (67) (2003)

2001

42. NAIRU Uncertainty and Nonlinear Policy Rules
    American Economic Review, 2001, 91, (2), 226-231 View citations (38)
    See also Working Paper NAIRU uncertainty and nonlinear policy rules, Finance and Economics Discussion Series (2001) View citations (40) (2001)

Chapters

2023

1. The federal funds market, pre- and post-2008
   Chapter 10 in Research Handbook of Financial Markets, 2023, pp 220-236
   See also Working Paper The Federal Funds Market, Pre- and Post-2008, National Bureau of Economic Research, Inc (2022) (2022)

2022

2. A Reassessment of Monetary Policy Surprises and High-Frequency Identification
   A chapter in NBER Macroeconomics Annual 2022, volume 37, 2022, pp 87-155 View citations (34)
   See also Journal Article A Reassessment of Monetary Policy Surprises and High-Frequency Identification, University of Chicago Press (2023) View citations (43) (2023)
   Working Paper A Reassessment of Monetary Policy Surprises and High-Frequency Identification, C.E.P.R. Discussion Papers (2022) (2022)

2016

3. Measuring the Effects of Unconventional Monetary Policy on Asset Prices
   Chapter 04 in Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, 2016, vol. 24, pp 105-130 View citations (10)
   See also Working Paper Measuring the Effects of Unconventional Monetary Policy on Asset Prices, National Bureau of Economic Research, Inc (2015) View citations (30) (2015)
   Journal Article Measuring the effects of unconventional monetary policy on asset prices, Central Bank of Chile (2016) View citations (10) (2016)

2013

4. Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany
   A chapter in NBER International Seminar on Macroeconomics 2013, 2013, pp 2-21 View citations (13)
   See also Working Paper Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany, Federal Reserve Bank of San Francisco (2013) View citations (8) (2013)

2007

5. Inflation Targeting and the Anchoring of Inflation Expectations in the Western Hemisphere
   Chapter 11 in Monetary Policy under Inflation Targeting, 2007, vol. 11, pp 415-465 View citations (74)
   See also Working Paper Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere, Central Bank of Chile (2006) View citations (24) (2006)
   Journal Article Inflation targeting and the anchoring of inflation expectations in the western hemisphere, Federal Reserve Bank of San Francisco (2007) View citations (26) (2007)

Software Items

2017

1. Code and data files for "Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (33) (2018)