Meet the Researchers
Andrew C. Meldrum
Assistant Director
Program Direction Section
Monetary Affairs
Education
- Ph.D., Economics, University of Cambridge, 2012
- M.Sc., Economics, Birkbeck College, University of London, 2008
- M.Sc., Finance, University of Durham, 2002
- B.A., Economics, University of Durham, 2001
Current Research Topics
- Term structure of interest rates
- Treasury market liquidity
Assistant Director
Board of Governors of the Federal Reserve System
2022 - presentChief
Board of Governors of the Federal Reserve System
2020 - 2022Principal Economist
Board of Governors of the Federal Reserve System
2017 - 2020Senior Economist
Board of Governors of the Federal Reserve System
2016 - 2017Advisor
Bank of England
2012 - 2016Economist / Senior Economist
Bank of England
2002 - 2008
- The information in joint term structures of bond yields
Andrew Meldrum, Marek Raczko, and Peter Spencer
Journal of International Money and Finance (2023)
https://doi.org/10.1016/j.jimonfin.2023.102828 - The Effects of Volatility on Liquidity in the Treasury Market
Andrew Meldrum and Oleg Sokolinskiy
Finance and Economics Discussion Series (2023)
https://doi.org/10.17016/FEDS.2023.028 - High-Frequency Estimates of the Natural Real Rate and Inflation Expectations
Alex Aronovich and Andrew Meldrum
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.034 - The Treasury Market Flash Event of February 25, 2021
Alex Aronovich, Dobrislav Dobrev, and Andrew Meldrum
FEDS Notes (2021)
https://doi.org/10.17016/2380-7172.2909 - No-Arbitrage Pricing of GDP-Linked Bonds
Fernando Eguren-Martin, Andrew Meldrum, and Wen Yan
Journal of Banking & Finance (2021)
https://doi.org/10.1016/j.jbankfin.2021.106075 - What Do Quoted Spreads Tell Us About Machine Trading at Times of Market Stress? Evidence from Treasury and FX Markets during the COVID-19-Related Market Turmoil in March 2020
Dobrislav Dobrev and Andrew Meldrum
FEDS Notes (2020)
https://doi.org/10.17016/2380-7172.2748 - New Financial Market Measures of the Neutral Real Rate and Inflation Expectations
Alex Aronovich and Andrew Meldrum
FEDS Notes (2020)
https://doi.org/10.17016/2380-7172.2621 - Expectations about the Federal Funds Rate in the Long Run
Kasper Joergensen and Andrew Meldrum
FEDS Notes (2019)
https://doi.org/10.17016/2380-7172.2431 - Bond Risk Premiums at the Zero Lower Bound
Martin M. Andreasen, Kasper Jørgensen, and Andrew Meldrum
Finance and Economics Discussion Series (2019)
https://doi.org/10.17016/FEDS.2019.040 - A Shadow Rate or a Quadratic Policy Rule? The Best Way to Enforce the Zero Lower Bound in the United States
Martin M. Andreasen and Andrew C. Meldrum
Journal of Financial and Quantitative Analysis (2019)
https://doi.org/10.1017/S0022109018001576
See also » FRB Working Paper (2018) - Predicting Recession Probabilities Using the Slope of the Yield Curve
Peter Johansson and Andrew Meldrum
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2146 - Robustness of Long-Maturity Term Premium Estimates
Canlin Li, Andrew Meldrum, and Marius Rodriguez
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.1927 - Evaluating the Robustness of UK Term Structure Decompositions Using Linear Regression Methods
Sheheryar Malik and Andrew Meldrum
Journal of Banking & Finance (2016)
https://doi.org/10.1016/j.jbankfin.2016.02.006 - A Global Model of International Yield Curves: No-arbitrage Term Structure Approach
Iryna Kaminska, Andrew Meldrum, and James Smith
International Journal of Finance & Economics (2013)
https://doi.org/10.1002/ijfe.1468 - Market Expectations of Future Bank Rate
Michael Joyce and Andrew Meldrum
Bank of England Quarterly Bulletin (2008)
Last Update:
August 2, 2024