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Photo of Patrick E. McCabe

Patrick E. McCabe

Deputy Associate Director Program Direction Section Research and Statistics
202-452-3483
[email protected]

Education

  • Ph.D., Economics, University of California - Berkeley, 2000
Current Research Topics
  • mutual funds, money market funds, repo markets,
  • short-term funding markets, monetary policy
  • Economist

    Board of Governors of the Federal Reserve System

    2000 - present
  • The Shift from Active to Passive Investing: Potential Risks to Financial Stability?
    Kenechukwu Anadu, Mathias Kruttli, Patrick McCabe, and Emilio Osambela
    Financial Analysts Journal (2020)
    https://doi.org/10.1080/0015198X.2020.1779498
    See also » FRB Working Paper (2018)
  • Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations
    Joshua Frost, Lorie Logan, Antoine Martin, Patrick E. McCabe, Fabio M. Natalucci, and Julie Remache
    Staff reports (Federal Reserve Bank of New York) (2015)
    See also » FRB Working Paper (2015)
  • Money Market Funds: Reconsidering the Mutual Fund Model
    Patrick E. McCabe
    Shadow Banking Within and Across National Borders (2015)
  • Gates, fees, and preemptive runs
    Marco Cipriani, Antoine Martin, Patrick McCabe, and Bruno M. Parigi
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.030
  • The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds
    Patrick E. McCabe, Marco Cipriani, Michael Holscher, and Antoine Martin
    Brookings Papers on Economic Activity (2013)
    https://doi.org/10.2139/ssrn.2191778
    See also » FRB Working Paper (2012)
  • The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds
    Patrick E. McCabe, Marco Cipriani, Michael Holscher, and Antoine Martin
    Staff reports (Federal Reserve Bank of New York) (2012)
    See also » FRB Working Paper (2012)
  • The Cross Section of Money Market Fund Risks and Financial Crises
    Patrick E. McCabe
    Finance and Economics Discussion Series (2010)
    https://doi.org/10.17016/FEDS.2010.51
  • The Economics of the Mutual Fund Trading Scandal
    Patrick E. McCabe
    Finance and Economics Discussion Series (2009)
    https://doi.org/10.17016/FEDS.2009.06
  • Equity Returns and the Credit Channel of Monetary Transmission
    Patrick E. McCabe
    University of California, Berkeley (2000)
Last update: June 30, 2022