Details about Fernando M. Martin

Access statistics for papers by Fernando M. Martin.

Last updated 2025-05-15. Update your information in the RePEc Author Service.

Short-id: pma339

Working Papers

2025

1. Monetary Policy and the Great COVID-19 Price Level Shock
   Working Papers, Federal Reserve Bank of St. Louis
2. Policy Rules and Large Crises in Emerging Markets
   Working Papers, Federal Reserve Bank of St. Louis
3. The Fiscal Origin of the COVID-19 Price Surge
   On the Economy, Federal Reserve Bank of St. Louis
4. The Road to 2% Inflation: Are We There Yet?
   On the Economy, Federal Reserve Bank of St. Louis

2023

5. Domestic Policies and Sovereign Default
   Working Papers, Federal Reserve Bank of St. Louis View citations (3)
6. Fiscal Dominance
   Working Papers, Federal Reserve Bank of St. Louis
7. How to Starve the Beast: Fiscal Policy Rules
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)
8. Is Inflation on the Way Out or Here to Stay?
   On the Economy, Federal Reserve Bank of St. Louis
9. Understanding the Recent Behavior of Inflation
   On the Economy, Federal Reserve Bank of St. Louis
10. Welfare-enhancing inflation and liquidity premia
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article Welfare-enhancing inflation and liquidity premia, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) (2023)
11. Where Might Inflation Head?
    On the Economy, Federal Reserve Bank of St. Louis

2022

12. 2021: The Year of High Inflation
    On the Economy, Federal Reserve Bank of St. Louis
13. Inflation Is Still High and Widespread
    On the Economy, Federal Reserve Bank of St. Louis
14. The Economic Impact of COVID-19 around the World
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article The Economic Impact of COVID-19 around the World, Review, Federal Reserve Bank of St. Louis (2023) (2023)

2021

15. How Widespread Are Price Increases in the U.S.?
    On the Economy, Federal Reserve Bank of St. Louis
16. Is Inflation Making a Comeback?
    On the Economy, Federal Reserve Bank of St. Louis
17. What Are the Risks for Future Inflation?
    On the Economy, Federal Reserve Bank of St. Louis

2020

18. Financing the U.S. Response to COVID-19
    On the Economy, Federal Reserve Bank of St. Louis
19. The Impact of the Fed’s Response to COVID-19 So Far
    On the Economy, Federal Reserve Bank of St. Louis
20. Viewing the U.S. Financial Structure from the Financial Crisis to the Pandemic
    On the Economy, Federal Reserve Bank of St. Louis

2019

21. How to Starve the Beast: Fiscal and Monetary Policy Rules
    2019 Meeting Papers, Society for Economic Dynamics View citations (2)

2018

22. Monetary Policy and Liquid Government Debt
    Working Papers, Federal Reserve Bank of St. Louis View citations (15)
    See also Journal Article Monetary policy and liquid government debt, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (18) (2018)
23. The Value of Constraints on Discretionary Government Policy
    2018 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Federal Reserve Bank of St. Louis (2016) View citations (5)

2017

24. Money, Banking and Financial Markets
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
    Also in ECON - Working Papers, Department of Economics - University of Zurich (2017) View citations (12)
    See also Journal Article Money, Banking, and Financial Markets, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (14) (2020)
25. Rehypothecation and liquidity
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (19)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2015) View citations (15)
    See also Journal Article Rehypothecation and liquidity, European Economic Review, Elsevier (2017) View citations (19) (2017)

2016

26. Financial Fragility in Monetary Economies
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)

2014

27. Rehypothecation
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)

2013

28. Debt, inflation and central bank independence
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (1)
    See also Journal Article Debt, inflation and central bank independence, European Economic Review, Elsevier (2015) View citations (39) (2015)
29. Implications of fiscal constraints
    2013 Meeting Papers, Society for Economic Dynamics

2012

30. Information disclosure and exchange media
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    See also Journal Article Information Disclosure and Exchange Media, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2013) View citations (23) (2013)

2011

31. Dynamic optimal insurance and lack of commitment
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    Also in Discussion Papers, Department of Economics, Simon Fraser University (2007) View citations (5)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (3)
    See also Journal Article Dynamic Optimal Insurance and Lack of Commitment, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (5) (2015)
32. Government policy in monetary economies
    Working Papers, Federal Reserve Bank of St. Louis View citations (9)
    Also in Discussion Papers, Department of Economics, Simon Fraser University (2010) View citations (2)
    See also Journal Article GOVERNMENT POLICY IN MONETARY ECONOMIES, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2013) View citations (21) (2013)
33. Government policy response to war-expenditure shocks
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    See also Journal Article Government Policy Response to War-Expenditure Shocks, The B.E. Journal of Macroeconomics, De Gruyter (2012) View citations (8) (2012)
34. Lagos-Wright vs. Cash-in-Advance: Government Policy Response to War-Expenditure Shocks
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)
35. Markov-Perfect Risk Sharing, Moral Hazard and Limited Commitment
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
    See also Journal Article Markov-perfect risk sharing, moral hazard and limited commitment, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (2) (2018)
36. Policy and welfare effects of within-period commitment
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article POLICY AND WELFARE EFFECTS OF WITHIN-PERIOD COMMITMENT, Macroeconomic Dynamics, Cambridge University Press (2015) View citations (1) (2015)

2009

37. Money and Capital as Competing Media of Exchange in a News Economy
    Discussion Papers, Department of Economics, Simon Fraser University View citations (2)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (2)
38. On the Joint Determination of Fiscal and Monetary Policy
    Discussion Papers, Department of Economics, Simon Fraser University View citations (12)
    See also Journal Article On the joint determination of fiscal and monetary policy, Journal of Monetary Economics, Elsevier (2011) View citations (38) (2011)

2006

39. Time Consistent Debt
    2006 Meeting Papers, Society for Economic Dynamics View citations (19)

2004

40. A Positive Theory of Government Debt
    Macroeconomics, University Library of Munich, Germany View citations (13)
    See also Journal Article A Positive Theory of Government Debt, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (81) (2009)

Journal Articles

2023

1. External Shocks versus Domestic Policies in Emerging Markets
   Review, 2023, 105, (2), 108-121
2. The Economic Impact of COVID-19 around the World
   Review, 2023, 105, (2), 74-88
   See also Working Paper The Economic Impact of COVID-19 around the World, Working Papers (2022) (2022)
3. Welfare-enhancing inflation and liquidity premia
   Review of Economic Dynamics, 2023, 51, 1036-1047
   See also Working Paper Welfare-enhancing inflation and liquidity premia, Working Papers (2023) (2023)

2022

4. The Blockchain Revolution: Decoding Digital Currencies
   Review, 2022, 104, (3), 149-165

2020

5. Economic Realities and Consequences of the COVID-19 Pandemic—Part I: Financial Markets and Monetary Policy
   Economic Synopses, 2020, (10) View citations (1)
6. Economic Realities and Consequences of the COVID-19 Pandemic—Part II: The Economy and Fiscal Policy
   Economic Synopses, 2020, (11)
7. Money, Banking, and Financial Markets
   The Review of Economic Studies, 2020, 87, (5), 2049-2086 View citations (14)
   See also Working Paper Money, Banking and Financial Markets, Working Papers (2017) View citations (4) (2017)
8. The U.S. Financial Landscape on the Eve of the Pandemic
   The Regional Economist, 2020, 28, (3)

2018

9. Markov-perfect risk sharing, moral hazard and limited commitment
   Journal of Economic Dynamics and Control, 2018, 94, (C), 1-23 View citations (2)
   See also Working Paper Markov-Perfect Risk Sharing, Moral Hazard and Limited Commitment, Working Papers (2011) View citations (2) (2011)
10. Monetary policy and liquid government debt
    Journal of Economic Dynamics and Control, 2018, 89, (C), 183-199 View citations (18)
    See also Working Paper Monetary Policy and Liquid Government Debt, Working Papers (2018) View citations (15) (2018)

2017

11. A Short History of Prices, Inflation since the Founding of the U.S
    The Regional Economist, 2017, 25, (2) View citations (3)
12. Making Ends Meet on the Federal Budget: Outlook and Challenges
    The Regional Economist, 2017, 25, (3)
13. Rehypothecation and liquidity
    European Economic Review, 2017, 100, (C), 488-505 View citations (19)
    See also Working Paper Rehypothecation and liquidity, LSE Research Online Documents on Economics (2017) View citations (19) (2017)

2016

14. A Closer Look at Federal Income Taxes
    Economic Synopses, 2016, (23), 1-2
15. A Perspective on Nominal Interest Rates
    Economic Synopses, 2016, (25), 1-2
16. Market Power and Asset Contractibility in Dynamic Insurance Contracts
    Review, 2016, 98, (2) View citations (1)
17. Private Investment and the Great Recession
    Economic Synopses, 2016, (1)
18. Revisiting GDP Growth Projections
    Economic Synopses, 2016, (5), 1-2 View citations (2)
19. U.S. Fiscal Policy: Reality and Outlook
    Economic Synopses, 2016, (10), 1-2
20. Where Did All the New Liquidity Go?
    The Regional Economist, 2016, (Jan) View citations (2)

2015

21. Debt, inflation and central bank independence
    European Economic Review, 2015, 79, (C), 129-150 View citations (39)
    See also Working Paper Debt, inflation and central bank independence, Working Papers (2013) View citations (7) (2013)
22. Dynamic Optimal Insurance and Lack of Commitment
    Review of Economic Dynamics, 2015, 18, (2), 287-305 View citations (5)
    See also Working Paper Dynamic optimal insurance and lack of commitment, Working Papers (2011) View citations (1) (2011)
    Software Item Code and data files for "Dynamic Optimal Insurance and Lack of Commitment", Computer Codes (2014) (2014)
23. POLICY AND WELFARE EFFECTS OF WITHIN-PERIOD COMMITMENT
    Macroeconomic Dynamics, 2015, 19, (7), 1401-1426 View citations (1)
    See also Working Paper Policy and welfare effects of within-period commitment, Working Papers (2011) (2011)

2014

24. Labor market update
    Economic Synopses, 2014, (7)
25. Monetary Policy and the Output Gap
    Economic Synopses, 2014, (27)
26. Projecting GDP Growth Using Trends in Labor Force Participation
    Economic Synopses, 2014, (26)
27. The federal budget: how the U.S. got here, and where it is headed
    The Regional Economist, 2014 View citations (1)

2013

28. A view from the fiscal cliff
    The Regional Economist, 2013, (Apr)
29. GOVERNMENT POLICY IN MONETARY ECONOMIES
    International Economic Review, 2013, 54, (1), 185-217 View citations (21)
    See also Working Paper Government policy in monetary economies, Working Papers (2011) View citations (9) (2011)
30. Information Disclosure and Exchange Media
    Review of Economic Dynamics, 2013, 16, (3), 527-539 View citations (23)
    See also Working Paper Information disclosure and exchange media, Working Papers (2012) View citations (3) (2012)
31. Lessons from the recent recession: the faster they grow, the harder they fall
    Economic Synopses, 2013 View citations (1)
32. Winners and losers in the Great Recession
    Economic Synopses, 2013

2012

33. Fiscal policy in the Great Recession and lessons from the past
    Economic Synopses, 2012
34. Government Policy Response to War-Expenditure Shocks
    The B.E. Journal of Macroeconomics, 2012, 12, (1), 40 View citations (8)
    See also Working Paper Government policy response to war-expenditure shocks, Working Papers (2011) View citations (3) (2011)
35. Sovereign debt: a modern Greek tragedy
    Review, 2012, (Sep), 321-340 View citations (5)
    Also in Annual Report, 2011, 4-19 (2011) View citations (9)
36. The fiscal cliff in context
    Economic Synopses, 2012

2011

37. On the joint determination of fiscal and monetary policy
    Journal of Monetary Economics, 2011, 58, (2), 132-145 View citations (38)
    See also Working Paper On the Joint Determination of Fiscal and Monetary Policy, Discussion Papers (2009) View citations (12) (2009)

2010

38. Markov-perfect capital and labor taxes
    Journal of Economic Dynamics and Control, 2010, 34, (3), 503-521 View citations (56)

2009

39. A Positive Theory of Government Debt
    Review of Economic Dynamics, 2009, 12, (4), 608-631 View citations (81)
    See also Software Item Code and data files for "A Positive Theory of Government Debt", Computer Codes (2009) (2009)
    Working Paper A Positive Theory of Government Debt, Macroeconomics (2004) View citations (13) (2004)

Software Items

2014

1. Code and data files for "Dynamic Optimal Insurance and Lack of Commitment"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Dynamic Optimal Insurance and Lack of Commitment, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (5) (2015)

2009

2. Code and data files for "A Positive Theory of Government Debt"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article A Positive Theory of Government Debt, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (81) (2009)