Meet the Economists
Mark A. Carlson
Education
- Ph.D., Economics, University of California - Berkeley, 2001
- B.S., Economics, University of Minnesota, 1996
Adviser
Board of Governors of the Federal Reserve System
2021 - presentSenior Economic Project Manager
Board of Governors of the Federal Reserve System
2016 - 2021Principal Economist
Board of Governors of the Federal Reserve System
2015 - 2016Senior Economist
Bank for International Settlements
2014 - 2016Senior Economist
Board of Governors of the Federal Reserve System
2011 - 2015Economist
Board of Governors of the Federal Reserve System
2001 - 2011Adjunct Professor
Georgetown University
2006 - 2010
- Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the Early 1900s
Mark Carlson and Matthew Jaremski
Journal of Money, Credit and Banking (2023)
https://doi.org/10.1111/jmcb.12937
See also » FRB Working Paper (2018) - Restoring confidence in troubled financial institutions after a financial crisis
Charles W. Calomiris and Mark Carlson
Journal of Financial Intermediation (2023)
https://doi.org/10.1016/j.jfi.2022.101012
See also » FRB Working Paper (2022) - Considerations regarding the use of the discount window to support economic activity through a funding for lending program
Mark Carlson and Rebecca Zarutskie
Finance and Economics Discussion Series (2022)
https://doi.org/10.17016/FEDS.2022.070 - Bank Examiners’ Information and Expertise and their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
Charles W. Calomiris and Mark Carlson
Journal of Money, Credit and Banking (2022)
https://doi.org/10.1111/jmcb.12874 - The Effects of Banking Competition on Growth and Financial Stability: Evidence from the National Banking Era
Mark A. Carlson, Sergio A. Correia, and Stephan Luck
Journal of Political Economy (2022)
https://doi.org/10.1086/717453 - Use of the Federal Reserve's repo operations and changes in dealer balance sheets
Mark Carlson, Zack Saravay, and Mary Tian
FEDS Notes (2021)
https://doi.org/10.17016/2380-7172.2961 - Primary Markets for Short-term Debt and the Stabilizing Effects of the PDCF
Mark Carlson and Marco Macchiavelli
FEDS Notes (2021)
https://doi.org/10.17016/2380-7172.2917 - "Unconventional" Monetary Policy as Conventional Monetary Policy: A Perspective from the United States in the 1920s
Mark Carlson and Burcu Duygan-Bump
International Journal of Central Banking (2021) - The Effect of the PPPLF on PPP Lending by Commercial Banks
Sriya Anbil, Mark Carlson, and Mary-Frances Styczynski
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.030 - A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-54
Sriya Anbil, Mark Carlson, Christopher Hanes, and David C. Wheelock
Federal Reserve Bank of St. Louis Review (2021)
https://doi.org/10.20955/r.103.45-70
See also » FRB Working Paper (2020) - Emergency Loans and Collateral Upgrades: How Broker-Dealers Used Federal Reserve Credit During the 2008 Financial Crisis
Mark Carlson and Marco Macchiavelli
Journal of Financial Economics (2020)
https://doi.org/10.1016/j.jfineco.2020.03.005 - 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 - The Re-emergence of the Federal Reserve Funds Market in the 1950s
Sriya Anbil and Mark Carlson
FEDS Notes (2019)
https://doi.org/10.17016/2380-7172.2312 - The Incentives of Large Sophisticated Creditors to Run on a Too Big to Fail Financial Institution
Mark Carlson and Jonathan Rose
Journal of Financial Stability (2019)
https://doi.org/10.1016/j.jfs.2019.03.004 - Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Contagion Risk?
Mark Carlson and David C. Wheelock
Journal of Money, Credit and Banking (2018)
https://doi.org/10.1111/jmcb.12520
See also » FRB Working Paper (2016) - Furnishing an 'Elastic Currency': The Founding of the Fed and the Liquidity of the U.S. Banking System
Mark Carlson and David C. Wheelock
Federal Reserve Bank of St. Louis Review (2018)
https://doi.org/10.20955/r.2018.17-44 - Near-Money Premiums, Monetary Policy, and the Integration of Money Markets: Lessons from Deregulation
Mark Carlson and David C. Wheelock
Journal of Financial Intermediation (2018)
https://doi.org/10.1016/j.jfi.2016.09.001
See also » FRB Working Paper (2016) - Stigma and the Discount Window
Mark Carlson and Jonathan D. Rose
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.2108 - Matching Banks by Business Model, Geography and Size: A Dataset
Mark Carlson, Molly Shatto, and Missaka Warusawitharana
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.2022 - Interbank Networks in the National Banking Era: Their Purpose and Their Role in the Panic of 1893
Charles W. Calomiris and Mark A. Carlson
Journal of Financial Economics (2017)
https://doi.org/10.1016/j.jfineco.2017.06.007 - The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s
Mark Carlson and Burcu Duygan-Bump
FEDS Notes (2016)
https://doi.org/10.17016/2380-7172.1871 - Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve
Mark Carlson and David C. Wheelock
American Economic Review: Papers and Proceedings (2016)
https://doi.org/10.1257/aer.p20161044 - Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
Charles W. Calomiris and Mark Carlson
Journal of Financial Economics (2016)
https://doi.org/10.1016/j.jfineco.2016.01.025
See also » FRB Working Paper (2014) - The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies
Mark Carlson, Burcu Duygan-Bump, Fabio Natalucci, Bill Nelson, Marcelo Ochoa, Jeremy Stein, and Skander Van den Heuvel
International Journal of Central Banking (2016)
See also » FRB Working Paper (2014) - Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-1959
Mark A. Carlson and David C. Wheelock
Cambridge University Press (2016)
See also » FRB Working Paper (2014) - Assessing the Economic Costs and Benefits of TLAC Implementation
Kostas Tsatsaronis, Christoffer Kok, Claire Labonne, Carmen Kislat, Fabrizio Venditti, Tomoki Tanemura, Makoto Minegishi, Chávez Juan Avelard Cardenas, Robert-Paul Berben, Henrique Basso, Rebeca Anguren, Dorothe Bonjour, Caspar Siegert, Bill Francis, Fang Du, Levent Guntay, Francis Vitek, Mark Carlson, and Benjamin Cohen
Bank for International Settlements (2015) - Credit Availability and the Collapse of the Banking Sector in the 1930s
Mark Carlson and Jonathan D. Rose
Journal of Money, Credit and Banking (2015)
https://doi.org/10.1111/jmcb.12244
See also » FRB Working Paper (2011) - Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis
Mark Carlson, Burcu Duygan-Bump, and William R. Nelson
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.011 - The Lender of Last Resort: Lessons from the Fed's First 100 Years
Mark A. Carlson and David C. Wheelock
Cambridge University Press (2015) - Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity
Mark Carlson
International Journal of Central Banking (2015)
See also » FRB Working Paper (2013) - National bank examinations and operations in the early 1890s
Charles W. Calomiris and Mark Carlson
Finance and Economics Discussion Series (2014)
https://doi.org/10.17016/FEDS.2014.019 - Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-59
Mark A. Carlson and David C. Wheelock
Globalization and Monetary Policy Institute Working Paper (2014)
See also » FRB Working Paper (2014) - Using Policy Intervention to Identify Financial Stress
Mark Carlson, Kurt F. Lewis, and William R. Nelson
International Journal of Finance & Economics (2014)
https://doi.org/10.1002/ijfe.1482
See also » FRB Working Paper (2012) - Capital Ratios and Bank Lending: A Matched Bank Approach
Mark Carlson, Hui Shan, and Missaka Warusawitharana
Journal of Financial Intermediation (2013)
https://doi.org/10.1016/j.jfi.2013.06.003
See also » FRB Working Paper (2011) - The Panic of 1893
Mark Carlson
Routledge Handbook of Major Events in Economic History (2013) - Arresting Banking Panics: Federal Reserve Liquidity Provision and the Forgotten Panic of 1929
Mark Carlson, Kris James Mitchener, and Gary Richardson
Journal of Political Economy (2011)
https://doi.org/10.1086/662961 - Distress in the Financial Sector and Economic Activity
Mark A. Carlson, Thomas B. King, and Kurt F. Lewis
B.E. Journal of Economic Analysis & Policy (2011)
https://doi.org/10.2202/1935-1682.2697
See also » FRB Working Paper (2009) - Alternatives for Distressed Banks during the Great Depression
Mark Carlson
Journal of Money, Credit and Banking (2010)
https://doi.org/10.1111/j.1538-4616.2009.00293.x - Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression
Mark Carlson and Kris James Mitchener
Journal of Political Economy (2009)
https://doi.org/10.1086/599015 - Market Conditions and Hedge Fund Survival
Mark Carlson and Jason Steinman
Finance and Economics Discussion Series (2008)
https://doi.org/10.17016/FEDS.2008.28 - A Brief History of the 1987 Stock Market Crash With a Discussion of the Federal Reserve Response
Mark Carlson
Finance and Economics Discussion Series (2007)
https://doi.org/10.17016/FEDS.2007.13 - Profits and Balance Sheet Developments at U.S. Commercial Banks in 2006
Mark Carlson and Gretchen C. Weinbach
Federal Reserve Bulletin (2007)
https://doi.org/10.17016/bulletin.2007.93-7 - Rating Agencies and Sovereign Debt Rollover
Mark Carlson and Galina B. Hale
B.E. Journal of Macroeconomics (2006)
https://doi.org/10.2202/1534-5998.1375 - Branch Banking, Bank Competition, and Financial Stability
Mark Carlson and Kris James Mitchener
Journal of Money, Credit and Banking (2006)
See also » FRB Working Paper (2005) - Causes of Bank Suspensions in the Panic of 1893
Mark Carlson
Explorations in Economic History (2005)
https://doi.org/10.1016/j.eeh.2003.11.002
See also » FRB Working Paper (2008) - Profits and Balance Sheet Developments at U.S. Commercial Banks in 2003
Mark Carlson and Roberto Perli
Federal Reserve Bulletin (2004)
https://doi.org/10.17016/bulletin.2004.90-2-2 - Are Branch Banks Better Survivors? Evidence from the Depression Era
Mark Carlson
Economic Inquiry (2004)
https://doi.org/10.1093/ei/cbh048
See also » FRB Working Paper (2001) - Profits and Balance Sheet Developments at U.S. Commercial Banks in 2001
William F. Basset and Mark Carlson
Federal Reserve Bulletin (2002)
https://doi.org/10.17016/bulletin.2002.88-6 - Determinants and Repercussions of the Composition of Capital Inflows
Mark Carlson and Leonardo Hernandez
International Finance Discussion Papers (2002)
Conference Organization
January 6, 2022 | Federal Reserve Bank of Boston (virtual)
Federal Reserve Day Ahead Conference on Financial Markets and Institutions
Co-organizer
January 7-8, 2021 | Federal Reserve Bank of Chicago (virtual)
Federal Reserve Day Ahead Conference on Financial Markets and Institutions
Co-organizer
May 6-8, 2019 | Federal Reserve Board, Washington D.C.
Workshop on Monetary and Financial History
Co-organizer
Editor
- Explorations in Economic History, Editorial board (2014-2017)
Referee
- American Economic Review
- Berkeley Economic Press
- Cliometrica
- Explorations in Economic History
- International Journal of Central Banking
- International Journal of Finance and Economics
- Journal of Banking and Finance
- Journal of Economic Dynamics and Control
- Journal of Economic History
- Journal of Finance
- Journal of Financial Economics
- Journal of Macroeconomics
- Journal of Monetary Economics
- Journal of Money, Credit, and Banking
- Quarterly Journal of Economics
Professional Affiliation
- Central Bank Network on Historical Monetary and Financial Statistics, Steering committee member
- American Economics Association
- Economic History Association
Last Update:
May 22, 2023