Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 1999 - present

• • Visiting Professor

    Duke University

  • 2005 - 2006

• • Adjunct Professor

    Johns Hopkins University

  • 2005

• • Adjunct Professor

    George Washington University

  • 2000

• • Assistant Professor

    College of William and Mary

  • 1997 - 1999

Publications

• Carpenter, Seth, and Selva Demiralp (Forthcoming). "Money, Reserves, and the Transmission of Monetary Policy: Does the Money Multiplier Exist?" Journal of Macroeconomics,.
• Carpenter, Seth B., and Selva Demiralp (2011). "Volatility, Money Market Rates, and the Transmission of Monetary Policy," Finance and Economics Discussion Series 2011-22. Board of Governors of the Federal Reserve System (U.S.).
• Carpenter, Seth, and Selva Demiralp (2008). "The Liquidity Effect in the Federal Funds Market: Evidence at the Monthly Frequency," Journal of Money, Credit, and Banking, vol. 40, no. 1, pp. 1-24.
• Carpenter, Seth, and Selva Demiralp (2006). "The Liquidity Effect in the Federal FundsMarket: Evidence from Daily Open Market Operations," Journal of Money, Credit, and Banking, vol. 38, no. 4, pp. 900-920.
• Carpenter, Seth B., and Selva Demiralp (2006). "Anticipation of Monetary Policy and Open Market Operations," International Journal of Central Banking, vol. 2, no. 2, pp. 25-63.
• Carpenter, Seth B. (2004). "Transparency and Monetary Policy: What does the Academic Literature Tell Policymakers?" Finance and Economics Discussion Series 2004-35. Board of Governors of the Federal Reserve System (U.S.).
• Carpenter, Seth B., and William M. Rodgers III (2004). "The Disparate Labor Market Impacts of Monetary Policy," Journal of Policy Analysis and Management, vol. 23, no. 4, pp. 813-830.
• Carpenter, Seth B., and Joe Lange (2003). "Money Demand and Equity Markets," Finance and Economics Discussion Series 2003-03. Board of Governors of the Federal Reserve System (U.S.).
• Carpenter, Seth B., and Robert T. Jensen (2002). "Household Participation in Formal and Informal Savings Mechanisms: Evidence from Pakistan," Review of Development Economics, vol. 6, no. 3, pp. 314-328.
• Carpenter, Seth B., William Whitesell, and Egon Zakrajsek (2001). "Capital Requirements, Business Loans, and Business Cycles: An Empirical Analysis of the Standardized Approach in the New Basel Capital Accord," Finance and Economics Discussion Series 2001-48. Board of Governors of the Federal Reserve System (U.S.).
• Carpenter, Seth B. (1999). "Informal Credit Markets and the Transmission of Monetary Policy: Evidence from South Korea," Review of Development Economics, vol. 3, no. 3, pp. 323-335.

Other Activities