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TheEconomists

Photo of Elizabeth C. Klee
202-721-4501
elizabeth.c.klee@frb.gov
Education
  • Ph.D., Economics, New York University, 2000
  • A.B., Economics, Princeton University, 1995
  • Current Research Topics

  • Monetary Policy Implementation
    • Economist

      Board of Governors of the Federal Reserve System

    • 2000 - present
  • Bech, Morten, Elizabeth Klee, and Viktors Stebunovs (2014). "The Repo and Federal Funds Markets before, during, and Emerging from the Financial Crisis," in Chadha, Jagjit S., Alain C. J. Durré, Michael A. S. Joyce and Lucio Sarno eds., Developments in Macro-Finance Yield Curve Modelling. Cambridge, Mass: Cambridge University Press, pp. 293-325.
  • Chen, Han, James A. Clouse, Jane Ihrig, and Elizabeth Klee (2014). "The Federal Reserve's Tools for Policy Normalization in a Preferred Habitat Model of Financial Markets," Finance and Economics Discussion Papers 2014-83. Board of Governors of the Federal Reserve System (U.S.).
  • Carpenter, Seth B., Jane Ihrig, Elizabeth Klee, Daniel W. Quinn, and Alexander H. Boote (2013). "The Federal Reserve's Balance Sheet and Earnings: A Primer and Projections," Finance and Economics Discussion Series 2013-01. Board of Governors of the Federal Reserve System (U.S.).
  • Carpenter, Seth B., Selva Demiralp, Jane Ihrig, and Elizabeth Klee (2013). "Analyzing Federal Reserve Asset Purchases: From Whom does the Fed Buy?" Finance and Economics Discussion Series 2013-32. Board of Governors of the Federal Reserve System (U.S.).
  • Bech, Morten L., Elizabeth Klee, and Viktors Stebunovs (2012). "Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets before, during, and Emerging from the Financial Crisis," Finance and Economics Discussion Series 2012-21. Board of Governors of the Federal Reserve System (U.S.).
  • Carpenter, Seth B., Jane Ihrig, Elizabeth Klee, Alexander H. Boote, and Daniel W. Quinn (2012). "The Federal Reserve's Balance Sheet: A Prime and Projections," Finance and Economics Discussion Series 2012-56. Board of Governors of the Federal Reserve System (U.S.).
  • Ihrig, Jane, Elizabeth Klee, Canlin Li, Brett Schulte, and Min Wei (2012). "Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates," Finance and Economics Discussion Series 2012-57. Board of Governors of the Federal Reserve System (U.S.).
  • Bech, Morten L., and Elizabeth Klee (2011). "The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market," Journal of Monetary Economics, vol. 58, no. 5, pp. 415-431.
  • Judson, Ruth, and Elizabeth Klee (2011). "Big Bank, Small Bank: Monetary Policy Implementation and Banks’ Reserve Management Strategies," Journal of economics and business, vol. 63, no. 4, pp. 306-328.
  • Judson, Ruth, and Elizabeth Klee (2010). "Whither the Liquidity Effect: The Impact of Federal Reserve Open Market Operations in Recent Years," Journal of Macroeconomics, vol. 32, no. 3, pp. 713-731.
  • Klee, Elizabeth (2010). "Operational Outages and Aggregate Uncertainty in the Federal Funds Market," Journal of Banking and Finance, vol. 34, no. 10, pp. 2386-2402.
  • Klee, Elizabeth (2008). "How People Pay: Evidence from Grocery Store Data," Journal of Monetary Economics, vol. 55, no. 3, pp. 526-541.
  • Klee, Elizabeth, and Lewis A. Kornhauser (2007). "Comparisons of the Incentive for Insolvency Under Different Legal Regimes," The Journal of Legal Studies, vol. 36, no. 1, pp. 141-170.
  • Klee, Elizabeth C., and Gretchen C. Weinbach (2006). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2005," Federal Reserve Bulletin, vol. 92, pp. A77-A108.
  • Klee, Elizabeth C., and Fabio M. Natalucci (2005). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2004," Federal Reserve Bulletin, vol. 91, no. 2, pp. 143-174.
  • Hayashi, Fumiko, and Elizabeth Klee (2003). "Technology Adoption and Consumer Payments: Evidence from Survey Data," Review of Network Economics, vol. 2, no. 2, pp. 126-190.
  • Klee, Elizabeth (2011). "The First Line of Defense: The Discount Window during the Early Stages of the Financial Crisis," Finance and Economics Discussion Series 2011-23. Board of Governors of the Federal Reserve System (U.S.).
  • Judson, Ruth, and Elizabeth Klee (2009). "A Study of U.S. Monetary Policy Implementation: Demand for Reserves on a Period Average Basis," Finance and Economics Discussion Series 2009-22. Board of Governors of the Federal Reserve System (U.S.).
  • Klee, Elizabeth (2006). "Families' use of Payment Instruments during a Decade of Change in the U.S. Payment System," Finance and Economics Discussion Series 2006-01. Board of Governors of the Federal Reserve System (U.S.).
  • Klee, Elizabeth (2006). "Paper Or Plastic? the Effect of Time on Check and Debt Card use at Grocery Stores," Finance and Economics Discussion Series 2006-02. Board of Governors of the Federal Reserve System (U.S.).

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

Professional Affiliation

  • American Economic Association
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Last update: December 8, 2014