Details about Thomas Michael Mertens

Access statistics for papers by Thomas Michael Mertens.

Last updated 2025-04-28. Update your information in the RePEc Author Service.

Short-id: pme415

Working Papers

2026

1. Reaching for Duration
   Working Paper Series, Federal Reserve Bank of San Francisco

2025

2. A New Keynesian Model for Financial Markets
   Working Paper Series, Federal Reserve Bank of San Francisco
3. Macroeconomic Drivers and the Pricing of Uncertainty, Inflation, and Bonds
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in Staff Reports, Federal Reserve Bank of New York (2022)
4. The Zero Lower Bound Remains a Medium‑Term Risk
   Liberty Street Economics, Federal Reserve Bank of New York View citations (2)

2024

5. A Currency Premium Puzzle
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
6. Evaluating Forecast Performance of Market-based Measures of Inflation Expectations in Europe
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2023

7. The Optimal Supply of Central Bank Reserves under Uncertainty
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
   Also in Staff Reports, Federal Reserve Bank of New York (2023) View citations (2)

2020

8. A Risk-based Theory of Exchange Rate Stabilization
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (16)
9. What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (17)
   Also in Staff Reports, Federal Reserve Bank of New York (2018) View citations (11)

2019

10. Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (38)
    Also in Staff Reports, Federal Reserve Bank of New York (2019) View citations (21)
11. Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (38)
    Also in Staff Reports, Federal Reserve Bank of New York (2019) View citations (16)

2016

12. The Social Cost of Near-Rational Investment
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (43)

2015

13. Not so disconnected: exchange rates and the capital stock
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)

2010

14. Fraud deterrence in dynamic Mirrleesian economies
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)

2005

15. Option pricing with sparse grids
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (1)

Journal Articles

2011

1. Market Sentiment: A Tragedy of the Commons
   American Economic Review, 2011, 101, (3), 402-05 View citations (12)