Meet the Economists
Elizabeth C. Klee
Senior Associate Director
Program Direction Section
Financial Stability
202-721-4501
[email protected]
[email protected]
Education
- Ph.D., Economics, New York University, 2000
- A.B., Economics, Princeton University, 1995
Current Research Topics
- Monetary Policy
- Financial Stability
Counselor to the Undersecretary for Domestic Finance (detail)
Department of the Treasury
2022 - presentSenior Associate Director
Board of Governors of the Federal Reserve System
2020 - presentAssociate Director
Board of Governors of the Federal Reserve System
2018 - 2020Assistant and Deputy Associate Director
Board of Governors of the Federal Reserve System
2015 - 2018Chief
Board of Governors of the Federal Reserve System
2013 - 2015Economist and Senior Economist
Board of Governors of the Federal Reserve System
2000 - 2013
- The Fed's Discount Window in "Normal" Times
Huberto M. Ennis and Elizabeth Klee
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.016 - The First Line of Defense: The Discount Window During the Early Stages of the Financial Crisis
Elizabeth Klee
International Journal of Central Banking (2021)
See also » FRB Working Paper (2011) - The Federal Funds Network and Monetary Policy Transmission: Evidence from the 2007–2009 Financial Crisis
Daniel O. Beltran, Valentin Bolotnyy, and Elizabeth Klee
Journal of Monetary Economics (2021)
https://doi.org/10.1016/j.jmoneco.2019.12.006 - Monetary Policy Strategies and Tools: Financial Stability Considerations
Jonathan Goldberg, Elizabeth Klee, Edward Simpson Prescott, and Paul Wood
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.074 - Post-crisis Signals in Securitization: Evidence from Auto ABS
Elizabeth Klee and Chaehee Shin
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.042 - Treasury Safety, Liquidity, and Money Premium Dynamics: Evidence from Recent Debt Limit Impasses
David Cashin, Erin E. Syron Ferris, and Elizabeth Klee
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.008 - Effects of Changing Monetary and Regulatory Policy on Money Markets
Elizabeth Klee, Zeynep Senyuz, and Emre Yoldas
International Journal of Central Banking (2019)
See also » FRB Working Paper (2016) - Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates
Jane Ihrig, Elizabeth Klee, Canlin Li, Min Wei, and Joe Kachovec
International Journal of Central Banking (2018)
See also » FRB Working Paper (2012) - The Federal Reserve's Portfolio and its Effect on Interest Rates
Jeffrey Huther, Jane Ihrig, and Elizabeth Klee
Finance and Economics Discussion Series (2017)
https://doi.org/10.17016/FEDS.2017.075 - The Federal Reserve's Tools for Policy Normalization in a Preferred Habitat Model of Financial Markets
Han Chen, James A. Clouse, Jane Ihrig, and Elizabeth Klee
Journal of Money, Credit and Banking (2016)
https://doi.org/10.1111/jmcb.12322
See also » FRB Working Paper (2014) - Dynamics of Overnight Money Markets: What Has Changed at the Zero Lower Bound?
Elizabeth Klee, Zeynep Senyuz, and Emre Yoldas
FEDS Notes (2015)
https://doi.org/10.17016/2380-7172.1676 - The Federal Reserve's Balance Sheet and Earnings: A Primer and Projections
Seth Carpenter, Jane Ihrig, Elizabeth Klee, Daniel Quinn, and Alexander Boote
International Journal of Central Banking (2015)
See also » FRB Working Paper (2012) - Analyzing Federal Reserve Asset Purchases: From Whom Does the Fed Buy?
Seth Carpenter, Selva Demiralp, Jane Ihrig, and Elizabeth Klee
Journal of Banking & Finance (2015)
https://doi.org/10.1016/j.jbankfin.2014.04.029
See also » FRB Working Paper (2013) - The Repo and Federal Funds Markets before, during, and Emerging from the Financial Crisis
Morten Bech, Elizabeth Klee, and Viktors Stebunovs
Developments in Macro-Finance Yield Curve Modelling (2014)
https://doi.org/10.1017/CBO9781107045149 - The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market
Morten L. Bech and Elizabeth Klee
Journal of Monetary Economics (2011)
https://doi.org/10.1016/j.jmoneco.2011.05.007
See also » FRB Working Paper (2010) - Big Bank, Small Bank: Monetary Policy Implementation and Bank' Reserve Management Strategies
Ruth Judson and Elizabeth Klee
Journal of Economics & Business (2011)
https://doi.org/10.1016/j.jeconbus.2011.01.005 - Whither the Liquidity Effect: The Impact of Federal Reserve Open Market Operations in Recent Years
Ruth Judson and Elizabeth Klee
Journal of Macroeconomics (2010)
https://doi.org/10.1016/j.jmacro.2010.01.005
See also » FRB Working Paper (2009) - Operational Outages and Aggregate Uncertainty in the Federal Funds Market
Elizabeth Klee
Journal of Banking & Finance (2010)
https://doi.org/10.1016/j.jbankfin.2010.03.002 - How People Pay: Evidence from Grocery Store Data
Elizabeth Klee
Journal of Monetary Economics (2008)
https://doi.org/10.1016/j.jmoneco.2008.01.009 - Comparisons of the Incentive for Insolvency under Different Legal Regimes
Elizabeth Klee and Lewis A. Kornhauser
Journal of Legal Studies (2007) - Paper or Plastic? The Effect of Time on the Use of Check and Debit Cards at Grocery Stores
Elizabeth Klee
Finance and Economics Discussion Series (2006)
https://doi.org/10.17016/FEDS.2006.02 - Families' Use of Payment Instruments During a Decade of Change in the U.S. Payment System
Elizabeth Klee
Finance and Economics Discussion Series (2006)
https://doi.org/10.17016/FEDS.2006.01 - Profits and Balance Sheet Developments at U.S. Commercial Banks in 2005
Elizabeth C. Klee and Gretchen C. Weinbach
Federal Reserve Bulletin (2006)
https://doi.org/10.17016/bulletin.2006.92-6 - Profits and Balance Sheet Developments at U.S. Commercial Banks in 2004
Elizabeth C. Klee and Fabio M. Natalucci
Federal Reserve Bulletin (2005)
https://doi.org/10.17016/bulletin.2005.91-2-1 - Technology Adoption and Consumer Payments: Evidence from Survey Data
Fumiko Hayashi and Elizabeth Klee
Review of Network Economics (2003)
https://doi.org/10.2202/1446-9022.1025
Awards
- 2011
Board of Governors of the Federal Reserve System
Special Achievement Award
- 1995
New York University
MacCracken Fellow
- 1995
Princeton University
Cum Laude
Referee
- International Journal of Central Banking
- Journal of Banking and Finance
- Journal of Monetary Economics
- Journal of Money, Credit, and Banking
- Review of Economics and Statistics
- American Economic Review
- RAND Journal of Economics
Professional Affiliation
- Board member, Committee on the Status of Women in the Economics Profession (CSWEP), American Economic Association, 2017-2019.
Last update:
October 3, 2022