Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 1993 - present

• • Research Assistant

    Board of Governors of the Federal Reserve System

  • 1985 - 1987

• • Research Assistant

    Yale University

  • 1988 - 1993

• • Teaching Assistant

    Yale University

  • 1989 - 1990

• • Instructor

    Yale University

  • 1992

Publications

• Carlson, Mark, Kurt F. Lewis, and William R. Nelson (2012). "Using Policy Intervention to Identify Financial Stress," Finance and Economics Discussion Series 2012-02. Board of Governors of the Federal Reserve System (U.S.).
• Campbell, Sean, Daniel Covitz, William Nelson, and Karen Pence (2011). "Securitization Markets and Central Banking: An Evaluation of the Term Asset-Backed Securities Loan Facility," Journal of Monetary Economics, vol. 58, no. 5, pp. 518-531.
• Campbell, Sean D., Daniel M. Covitz, William R. Nelson, and Karen M. Pence (2011). "Securitization Markets and Central Banking: An Evaluation of the Term Asset-Backed Securities Loan Facility," Finance and Economics Discussion Series 2011-16. Board of Governors of the Federal Reserve System (U.S.).
• Borio, Claudio, and William Nelson (2008). "Monetary Operations and the Financial Turmoil," BIS Quarterly Review, March, pp. 31-46.
• Moessner, Richhild, and William R. Nelson (2008). "Central Bank Policy Rate Guidance and Financial Market Functioning," International Journal of Central Banking, vol. 4, no. 4, pp. 193-226.
• Nelson, William Robert,Jr., Elenna R. Dugundji, Jane Li, and Marco Tecilla (2004). "Culture from Scratch: Evolution of an Experiment," in Friedman, Daniel, Alessandra Cassar eds., Economics Lab: An Intensive Course in Experimental Economics. London and New York: Routledge, pp. 220-228.
• English, William B., William R. Nelson, and Brian P. Sack (2003). "Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules," Contributions to Macroeconomics, Vol. 3, no. 1.
• English, William B., William R. Nelson, and Brian P. Sack (2002). "Interpreting the Significance of Lagged Interest Rate in Estimated Monetary Policy Rules," Finance and Economics Discussion Series 2002-24. Board of Governors of the Federal Reserve System (U.S.).
• Madigan, Brian F., and William R. Nelson (2002). "Proposed Revision to the Federal Reserve's Discount Window Lending Programs," Federal Reserve Bulletin, vol. 88, no. 7, pp. 313-319.
• Nelson, William R. (2002). "Criteria for Central Bank Assets: Lessons from Pre-ECB France," Federal Reserve Bank of Boston New England Economic Review, vol. 0, no. 0, pp. 33-34.
• Bomfim, Antulio N., and William R. Nelson (1999). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 1998," Federal Reserve Bulletin, vol. 85, no. 6, pp. 369-395.
• Nelson, William R. (1999). "Evidence of Excess Returns on Firms that Issue Or Repurchase Equity," Finance and Economics Discussion Series 1999-06. Board of Governors of the Federal Reserve System (U.S.).
• Nelson, William R. (1999). "The Aggregate Change in Shares and the Level of Stock Prices," Finance and Economics Discussion Series 1999-08. Board of Governors of the Federal Reserve System (U.S.).
• Nelson, William R. (1999). "Why does the Change in Shares Predict Stock Returns?" Finance and Economics Discussion Series 1999-07. Board of Governors of the Federal Reserve System (U.S.).
• Brady, Thomas F., William B. English, and William R. Nelson (1998). "Recent Changes to the Federal Reserve's Survey of Terms of Business Lending," Federal Reserve Bulletin, vol. 84, no. 8, pp. 604-615.
• English, William B., and William R. Nelson (1998). "Bank Risk Rating of Business Loans," Finance and Economics Discussion Series 1998-51. Board of Governors of the Federal Reserve System (U.S.).
• English, William B., and William R. Nelson (1998). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 1997," Federal Reserve Bulletin, vol. 84, no. 6, pp. 391-419.
• Nelson, William R., and Ann L. Owen (1997). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 1996," Federal Reserve Bulletin, vol. 83, no. 6, pp. 465-489.
• Nelson, William R., and Brian K. Reid (1996). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 1995," Federal Reserve Bulletin, vol. 82, no. 6, pp. 483-505.

Other Activities