Meet the Economists
Bernd Schlusche
Principal Economist
Money Market Analysis Section
Monetary Affairs
202-452-2591
[email protected]
[email protected]
Education
- Ph.D., Economics, University of Bonn
Principal Economist
Board of Governors of the Federal Reserve System
2015 - presentEconomist
Board of Governors of the Federal Reserve System
2010 - 2015Visiting Scholar
University of California, Berkeley, Haas School of Business
2008 - 2010Visiting Scholar
University of Pennsylvania, Department of Economics
2007 - 2008
- Balance Sheet Policies in an Evolving Economy: Some Modelling Advances and Illustrative Simulations
Hess Chung, Etienne Gagnon, James Hebden, Kyungmin Kim, Bernd Schlusche, Eric Till, James Trevino, and Diego Vilán
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3246 - An Analysis of the Interest Rate Risk of the Federal Reserve’s Balance Sheet, Part 2: Projections under Alternative Interest Rate Paths
Alyssa Anderson, Philippa Marks, Dave Na, Bernd Schlusche, and Zeynep Senyuz
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3174 - An Analysis of the Interest Rate Risk of the Federal Reserve’s Balance Sheet, Part 1: Background and Historical Perspective
Alyssa Anderson, Dave Na, Bernd Schlusche, and Zeynep Senyuz
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3173 - Quantitative Easing and Bank Risk Taking: Evidence from Lending
John Kandrac and Bernd Schlusche
Journal of Money, Credit and Banking (2021)
https://doi.org/10.1111/jmcb.12781
See also » FRB Working Paper (2017) - The Effect of Bank Supervision and Examination on Risk Taking: Evidence from a Natural Experiment
John Kandrac and Bernd Schlusche
Review of Financial Studies (2021)
https://doi.org/10.1093/rfs/hhaa090 - Arbitrage Capital of Global Banks
Alyssa G. Anderson, Wenxin Du, and Bernd Schlusche
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.032 - Issues in the Use of the Balance Sheet Tool
Mark Carlson, Stefania D'Amico, Cristina Fuentes-Albero, Bernd Schlusche, and Paul Wood
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.071 - Follow the Leader: Using the Stock Market to Uncover Information Flows Between Firms
Anna Scherbina and Bernd Schlusche
Review of Finance (2020)
https://doi.org/10.1093/rof/rfy038 - Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve's Current Policy Toolkit
Hess Chung, Etienne Gagnon, Taisuke Nakata, Matthias Paustian, Bernd Schlusche, James Trevino, Diego Vilán, and Wei Zheng
Finance and Economics Discussion Series (2019)
https://doi.org/10.17016/FEDS.2019.003 - Simulating the Macroeconomic Effects of Unconventional Monetary Policies
Hess Chung, Cynthia Doniger, Cristina Fuentes-Albero, Bernd Schlusche, and Wei Zheng
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2225 - Confidence Interval Projections of the Federal Reserve Balance Sheet and Income
Erin E. Syron Ferris, Soo Jeong Kim, and Bernd Schlusche
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.1875 - An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-scale Asset Purchases
John Kandrac and Bernd Schlusche
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.027 - Measuring Stress in Money Markets: A Dynamic Factor Approach
Seth Carpenter, Selva Demiralp, Bernd Schlusche, and Zeynep Senyuz
Economics Letters (2014)
https://doi.org/10.1016/j.econlet.2014.08.017 - Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience
Ruth A. Judson, Bernd Schlusche, and Vivian Wong
Finance and Economics Discussion Series (2014)
https://doi.org/10.17016/FEDS.2014.22 - Asset Price Bubbles: A Survey
Anna Scherbina and Bernd Schlusche
Quantitative Finance (2014)
https://doi.org/10.1080/14697688.2012.755266 - Flow Effects of Large-Scale Asset Purchases
John Kandrac and Bernd Schlusche
Economics Letters (2013)
https://doi.org/10.1016/j.econlet.2013.09.003 - Market Reaction to Corporate Press Releases
Andreas Neuhierl, Anna Scherbina, and Bernd Schlusche
Journal of Financial and Quantitative Analysis (2013)
https://doi.org/10.1017/S002210901300046X - The Federal Reserve's balance sheet and overnight interest rates: Empirical modeling of exit strategies
Jaime Marquez, Ari Morse, and Bernd Schlusche
Journal of Banking & Finance (2013)
https://doi.org/10.1016/j.jbankfin.2013.01.015 - The Federal Reserve's Balance Sheet and Overnight Interest Rates
Jaime R. Marquez, Ari Morse, and Bernd Schlusche
Finance and Economics Discussion Series (2012)
https://doi.org/10.17016/FEDS.2012.66 - Asset Bubbles: an Application to Residential Real Estate
Anna Scherbina and Bernd Schlusche
European Financial Management (2012)
https://doi.org/10.1111/j.1468-036X.2012.00647.x - Data Snooping and Market-Timing Rule Performance
Andreas Neuhierl and Bernd Schlusche
Journal of Financial Econometrics (2011)
https://doi.org/10.1093/jjfinec/nbq032 - Price Formation in Spot and Futures Markets: Exchange Traded Funds vs. Index Futures
Bernd Schlusche
Journal of Derivatives (2009)
https://doi.org/10.3905/JOD.2009.17.2.026
Awards
- 2010
Institute for Quantitative Investment Research
Inquire UK Research Grant
Conference Organization
November 12-13, 2015 | Washington, D.C.
Monetary Policy Implementation and Transmission in the Post-Crisis Period
Organizer and Session Chair
Referee
- Journal of Finance
- Review of Financial Studies
- Journal of Money, Credit and Banking
- European Economic Review
- Journal of Applied Econometrics
- Macroeconomic Dynamics
- Journal of Futures Markets
- International Review of Economics and Finance
Professional Affiliation
- American Finance Association
- European Finance Association
Last Update:
February 13, 2023