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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 Downloads
  2. The Macroeconomic Effects of the Federal Reserve's Conventional and Unconventional Monetary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

2022

  1. A Reassessment of Monetary Policy Surprises and High-Frequency Identification
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2022) Downloads View citations (26)
    CESifo Working Paper Series, CESifo (2022) Downloads View citations (26)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) Downloads

    See also Chapter A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Chapters, National Bureau of Economic Research, Inc (2022) Downloads View citations (26) (2022)
    Journal Article A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Macroeconomics Annual, University of Chicago Press (2023) Downloads View citations (7) (2023)
  2. The Federal Funds Market, Pre- and Post-2008
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Chapter The federal funds market, pre- and post-2008, Chapters, Edward Elgar Publishing (2023) Downloads (2023)

2021

  1. 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) Downloads
    Also in CESifo Working Paper Series, CESifo (2020) Downloads View citations (26)
    Working Paper Series, Federal Reserve Bank of San Francisco (2020) Downloads View citations (21)

2020

  1. An Alternative Explanation for the “Fed Information Effect”
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article An Alternative Explanation for the "Fed Information Effect", American Economic Review, American Economic Association (2023) Downloads View citations (10) (2023)

2019

  1. Implications of Labor Market Frictions for Risk Aversion and Risk Premia
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2013) Downloads
    2013 Meeting Papers, Society for Economic Dynamics (2013) Downloads

    See also Journal Article Implications of Labor Market Frictions for Risk Aversion and Risk Premia, American Economic Journal: Macroeconomics, American Economic Association (2020) Downloads View citations (4) (2020)

2018

  1. The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (49)
    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) Downloads View citations (49) (2018)

2017

  1. Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (154)
    Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) Downloads 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) Downloads View citations (144) (2021)

2015

  1. A Macroeconomic Model of Equities and Real, Nominal, and Defaultable Debt
    2015 Meeting Papers, Society for Economic Dynamics Downloads View citations (31)
  2. Measuring the Effects of Unconventional Monetary Policy on Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (30)
    See also Chapter Measuring the Effects of Unconventional Monetary Policy on Asset Prices, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2016) Downloads View citations (9) (2016)
    Journal Article Measuring the effects of unconventional monetary policy on asset prices, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2016) Downloads View citations (9) (2016)

2014

  1. Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (391)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2012) Downloads View citations (8)
    2012 Meeting Papers, Society for Economic Dynamics (2012) Downloads View citations (59)

    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) Downloads View citations (400) (2014)
  2. Monetary Policy Effectiveness in China: Evidence from a FAVAR Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (101)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) Downloads View citations (86)

    See also Journal Article Monetary policy effectiveness in China: Evidence from a FAVAR model, Journal of International Money and Finance, Elsevier (2014) Downloads View citations (97) (2014)

2013

  1. 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 Downloads 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

  1. Risk aversion, risk premia, and the labor margin with generalized recursive preferences
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads 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) Downloads View citations (29) (2018)

2011

  1. 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 Downloads View citations (264)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) Downloads View citations (82)

    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) Downloads View citations (256) (2011)

2010

  1. 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) Downloads View citations (7)

2009

  1. CONVERGENCE AND ANCHORING OF YIELD CURVES IN THE EURO AREA
    2009 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in Working Paper Series, European Central Bank (2007) Downloads View citations (22)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) Downloads View citations (33)
    Working Paper Series, Federal Reserve Bank of San Francisco (2007) Downloads View citations (12)

    See also Journal Article Convergence and Anchoring of Yield Curves in the Euro Area, The Review of Economics and Statistics, MIT Press (2011) Downloads View citations (74) (2011)
  2. 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

  1. Examining the bond premium puzzle with a DSGE model
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (140)
    See also Journal Article Examining the bond premium puzzle with a DSGE model, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (165) (2008)
  2. Long-Run Inflation Risk and the Postwar Term Premium
    2008 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
  3. The bond premium in a DSGE model with long-run real and nominal risks
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (8)
    Also in Working Paper Research, National Bank of Belgium (2008) Downloads View citations (43)

    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) Downloads View citations (342) (2012)

2007

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

2006

  1. 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 Downloads View citations (60)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) Downloads View citations (124)
  2. Futures prices as risk-adjusted forecasts of monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (45)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (45)

    See also Journal Article Futures prices as risk-adjusted forecasts of monetary policy, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (204) (2008)
  3. Higher-order perturbation solutions to dynamic, discrete-time rational expectations models
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (69)
  4. Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (25)
    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) Downloads 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) Downloads View citations (72) (2007)
  5. Macroeconomic implications of changes in the term premium
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (25)
    See also Journal Article Macroeconomic implications of changes in the term premium, Review, Federal Reserve Bank of St. Louis (2007) Downloads View citations (98) (2007)
  6. Market-based measures of monetary policy expectations
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (33)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) Downloads View citations (51)

    See also Journal Article Market-Based Measures of Monetary Policy Expectations, Journal of Business & Economic Statistics, American Statistical Association (2007) Downloads View citations (178) (2007)
  7. The bond yield \"conundrum\" from a macro-finance perspective
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (57)
    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) Downloads View citations (80) (2006)
  8. The relative price and relative productivity channels for aggregate fluctuations
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads 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) Downloads View citations (5) (2006)

2005

  1. Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements
    MPRA Paper, University Library of Munich, Germany Downloads View citations (1005)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2004) Downloads View citations (72)
    Macroeconomics, University Library of Munich, Germany (2005) Downloads View citations (977)

    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) Downloads View citations (1012) (2005)
  2. 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
  3. Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior
    Computing in Economics and Finance 2005, Society for Computational Economics Downloads View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) Downloads 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) Downloads View citations (8) (2006)

2004

  1. 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.) Downloads View citations (39)
  2. 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)
  3. Optimal Monetary Policy in an Imperfect World
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (1)
  4. The magnitude and Cyclical Behavior of Financial Market Frictions
    Computing in Economics and Finance 2004, Society for Computational Economics Downloads View citations (92)

2003

  1. Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (83)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) Downloads View citations (8)
    Working Paper Series, European Central Bank (2002) Downloads 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) Downloads View citations (85) (2003)
  2. 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.) Downloads View citations (68)
    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) Downloads View citations (88) (2003)

2002

  1. Identifying vars based on high frequency futures data
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (16)
    See also Journal Article Identifying VARS based on high frequency futures data, Journal of Monetary Economics, Elsevier (2004) Downloads View citations (208) (2004)

2001

  1. NAIRU uncertainty and nonlinear policy rules
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (41)
    See also Journal Article NAIRU Uncertainty and Nonlinear Policy Rules, American Economic Review, American Economic Association (2001) Downloads View citations (39) (2001)

2000

  1. On Signal Extraction and Non-Certainty-Equivalence in Optimal Monetary Policy Rules
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society Downloads View citations (32)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2000) Downloads View citations (34)

    See also Journal Article SIGNAL EXTRACTION AND NON-CERTAINTY-EQUIVALENCE IN OPTIMAL MONETARY POLICY RULES, Macroeconomic Dynamics, Cambridge University Press (2004) Downloads View citations (37) (2004)

1999

  1. 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.) Downloads
  2. Models of sectoral reallocation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads 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 Downloads View citations (7)
    See also Working Paper A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Working Papers (2022) Downloads View citations (27) (2022)
    Chapter A Reassessment of Monetary Policy Surprises and High-Frequency Identification, NBER Chapters, 2022, 87-155 (2022) Downloads View citations (26) (2022)
  2. An Alternative Explanation for the "Fed Information Effect"
    American Economic Review, 2023, 113, (3), 664-700 Downloads View citations (10)
    See also Working Paper An Alternative Explanation for the “Fed Information Effect”, NBER Working Papers (2020) Downloads View citations (16) (2020)
  3. The Importance of Fed Chair Speeches as a Monetary Policy Tool
    AEA Papers and Proceedings, 2023, 113, 394-400 Downloads View citations (4)

2021

  1. Measuring the effects of federal reserve forward guidance and asset purchases on financial markets
    Journal of Monetary Economics, 2021, 118, (C), 32-53 Downloads View citations (144)
    See also Working Paper Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets, NBER Working Papers (2017) Downloads View citations (154) (2017)

2020

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

2018

  1. Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences
    Review of Economic Dynamics, 2018, 28, 290-321 Downloads View citations (29)
    See also Software Item Code and data files for "Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences", Computer Codes (2017) Downloads (2017)
    Working Paper Risk aversion, risk premia, and the labor margin with generalized recursive preferences, Working Paper Series (2012) Downloads View citations (16) (2012)
  2. 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 Downloads View citations (49)
    See also Working Paper The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates, NBER Working Papers (2018) Downloads View citations (49) (2018)

2016

  1. Measuring the effects of unconventional monetary policy on asset prices
    Journal Economía Chilena (The Chilean Economy), 2016, 19, (2), 78-100 Downloads View citations (9)
    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) Downloads View citations (9) (2016)
    Working Paper Measuring the Effects of Unconventional Monetary Policy on Asset Prices, NBER Working Papers (2015) Downloads View citations (30) (2015)

2014

  1. Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
    American Economic Review, 2014, 104, (10), 3154-85 Downloads View citations (400)
    See also Working Paper Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates, NBER Working Papers (2014) Downloads View citations (391) (2014)
  2. Monetary policy effectiveness in China: Evidence from a FAVAR model
    Journal of International Money and Finance, 2014, 49, (PA), 83-103 Downloads View citations (97)
    See also Working Paper Monetary Policy Effectiveness in China: Evidence from a FAVAR Model, NBER Working Papers (2014) Downloads View citations (101) (2014)

2013

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

2012

  1. Risk Aversion and the Labor Margin in Dynamic Equilibrium Models
    American Economic Review, 2012, 102, (4), 1663-91 Downloads View citations (105)
  2. Structural and cyclical economic factors
    FRBSF Economic Letter, 2012, (jun11) Downloads View citations (1)
  3. The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks
    American Economic Journal: Macroeconomics, 2012, 4, (1), 105-43 Downloads View citations (342)
    See also Working Paper The bond premium in a DSGE model with long-run real and nominal risks, Working Paper Series (2008) Downloads View citations (8) (2008)

2011

  1. Convergence and Anchoring of Yield Curves in the Euro Area
    The Review of Economics and Statistics, 2011, 93, (1), 350-364 Downloads View citations (74)
    See also Working Paper CONVERGENCE AND ANCHORING OF YIELD CURVES IN THE EURO AREA, 2009 Meeting Papers (2009) Downloads View citations (1) (2009)
  2. 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 Downloads View citations (256)
    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) Downloads View citations (264) (2011)
  3. Operation Twist and the effect of large-scale asset purchases
    FRBSF Economic Letter, 2011, (apr25) Downloads View citations (2)

2010

  1. 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 Downloads View citations (242)
  2. Financial market imperfections and macroeconomics: conference summary
    FRBSF Economic Letter, 2010, (aug23) Downloads

2009

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

2008

  1. Convergence of long-term bond yields in the euro area
    FRBSF Economic Letter, 2008, (nov21) Downloads View citations (7)
  2. Examining the bond premium puzzle with a DSGE model
    Journal of Monetary Economics, 2008, 55, (Supplement 1), S111-S126 Downloads View citations (165)
    See also Working Paper Examining the bond premium puzzle with a DSGE model, Working Paper Series (2008) Downloads View citations (140) (2008)
  3. Futures prices as risk-adjusted forecasts of monetary policy
    Journal of Monetary Economics, 2008, 55, (4), 677-691 Downloads View citations (204)
    Also in Proceedings, 2004, (Mar) (2004) Downloads View citations (29)

    See also Working Paper Futures prices as risk-adjusted forecasts of monetary policy, Working Paper Series (2006) Downloads View citations (45) (2006)

2007

  1. Inflation targeting and the anchoring of inflation expectations in the western hemisphere
    Economic Review, 2007, 25-47 Downloads View citations (26)
    Also in Journal Economía Chilena (The Chilean Economy), 2006, 9, (3), 19-52 (2006) Downloads View citations (22)

    See also 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) Downloads View citations (72) (2007)
    Working Paper Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere, Working Papers Central Bank of Chile (2006) Downloads View citations (25) (2006)
  2. Macroeconomic implications of changes in the term premium
    Review, 2007, 89, (Jul), 241-270 Downloads View citations (98)
    See also Working Paper Macroeconomic implications of changes in the term premium, Working Paper Series (2006) Downloads View citations (25) (2006)
  3. Market-Based Measures of Monetary Policy Expectations
    Journal of Business & Economic Statistics, 2007, 25, 201-212 Downloads View citations (178)
    See also Working Paper Market-based measures of monetary policy expectations, Working Paper Series (2006) Downloads View citations (33) (2006)
  4. REAL WAGE CYCLICALITY IN THE PANEL STUDY OF INCOME DYNAMICS
    Scottish Journal of Political Economy, 2007, 54, (5), 617-647 Downloads View citations (24)
  5. What we do and don't know about the term premium
    FRBSF Economic Letter, 2007, (jul20) Downloads View citations (10)

2006

  1. Have Increases in Federal Reserve Transparency Improved Private Sector Interest Rate Forecasts?
    Journal of Money, Credit and Banking, 2006, 38, (3), 791-819 Downloads View citations (196)
  2. Optimal nonlinear policy: signal extraction with a non-normal prior
    Journal of Economic Dynamics and Control, 2006, 30, (2), 185-203 Downloads View citations (8)
    See also Working Paper Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior, Computing in Economics and Finance 2005 (2005) Downloads View citations (2) (2005)
  3. The Bond Yield "Conundrum" from a Macro-Finance Perspective
    Monetary and Economic Studies, 2006, 24, (S1), 83-109 Downloads View citations (80)
    See also Working Paper The bond yield \"conundrum\" from a macro-finance perspective, Working Paper Series (2006) Downloads View citations (57) (2006)
  4. The Relative Price and Relative Productivity Channels for Aggregate Fluctuations
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-39 Downloads View citations (5)
    See also Working Paper The relative price and relative productivity channels for aggregate fluctuations, Working Paper Series (2006) Downloads View citations (6) (2006)
  5. Would an inflation target help anchor U.S. inflation expectations?
    FRBSF Economic Letter, 2006, (aug11) Downloads View citations (3)

2005

  1. 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) Downloads View citations (1012)
    See also Working Paper Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements, MPRA Paper (2005) Downloads View citations (1005) (2005)
  2. The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models
    American Economic Review, 2005, 95, (1), 425-436 Downloads View citations (528)

2004

  1. Do Federal Reserve Policy Surprises Reveal Superior Information about the Economy?
    The B.E. Journal of Macroeconomics, 2004, 4, (1), 1-31 Downloads View citations (93)
  2. Identifying VARS based on high frequency futures data
    Journal of Monetary Economics, 2004, 51, (6), 1107-1131 Downloads View citations (208)
    See also Working Paper Identifying vars based on high frequency futures data, International Finance Discussion Papers (2002) Downloads View citations (16) (2002)
  3. 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 Downloads View citations (12)
  4. SIGNAL EXTRACTION AND NON-CERTAINTY-EQUIVALENCE IN OPTIMAL MONETARY POLICY RULES
    Macroeconomic Dynamics, 2004, 8, (1), 27-50 Downloads View citations (37)
    Also in Proceedings, 2000 (2000) Downloads View citations (21)

    See also Working Paper On Signal Extraction and Non-Certainty-Equivalence in Optimal Monetary Policy Rules, Econometric Society World Congress 2000 Contributed Papers (2000) Downloads View citations (32) (2000)

2003

  1. 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 Downloads View citations (85)
    See also Working Paper Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data, NBER Working Papers (2003) Downloads View citations (83) (2003)
  2. The excess sensitivity of long-term interest rates: evidence and implications for macroeconomic models
    Proceedings, 2003, (Mar) Downloads 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) Downloads View citations (68) (2003)

2001

  1. NAIRU Uncertainty and Nonlinear Policy Rules
    American Economic Review, 2001, 91, (2), 226-231 Downloads View citations (39)
    See also Working Paper NAIRU uncertainty and nonlinear policy rules, Finance and Economics Discussion Series (2001) Downloads View citations (41) (2001)

Chapters

2023

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

2022

  1. A Reassessment of Monetary Policy Surprises and High-Frequency Identification
    A chapter in NBER Macroeconomics Annual 2022, volume 37, 2022, pp 87-155 Downloads View citations (26)
    See also Working Paper A Reassessment of Monetary Policy Surprises and High-Frequency Identification, National Bureau of Economic Research, Inc (2022) Downloads View citations (27) (2022)
    Journal Article A Reassessment of Monetary Policy Surprises and High-Frequency Identification, University of Chicago Press (2023) Downloads View citations (7) (2023)

2016

  1. 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 Downloads View citations (9)
    See also Working Paper Measuring the Effects of Unconventional Monetary Policy on Asset Prices, National Bureau of Economic Research, Inc (2015) Downloads View citations (30) (2015)
    Journal Article Measuring the effects of unconventional monetary policy on asset prices, Central Bank of Chile (2016) Downloads View citations (9) (2016)

2013

  1. 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) Downloads View citations (8) (2013)

2007

  1. 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 Downloads View citations (72)
    See also Journal Article Inflation targeting and the anchoring of inflation expectations in the western hemisphere, Federal Reserve Bank of San Francisco (2007) Downloads View citations (26) (2007)
    Working Paper Inflation Targeting and the Anchoring of Inflation Expectations in The Western Hemisphere, Central Bank of Chile (2006) Downloads View citations (25) (2006)

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 Downloads
    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) Downloads View citations (29) (2018)
 
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