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Photo of Christopher J. Gust

Christopher J. Gust

Associate Director Program Direction Section Monetary Affairs
202-452-2383
[email protected]

Education

  • Ph.D., Macroeconomics, Northwestern University, 1999
  • B.S., Economics, University of Pennsylvania, 1989
Current Research Topics
  • Monetary Economics
  • Macroeconomics
  • Associate Director

    Board of Governors of the Federal Reserve System

    2021 - present
  • Deputy Associate Director

    Board of Governors of the Federal Reserve System

    2019 - 2021
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2015 - 2019
  • Chief of Monetary Studies

    Board of Governors of the Federal Reserve System

    2012 - 2015
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2006 - 2011
  • Economist

    Board of Governors of the Federal Reserve System

    1998 - 2006
  • Short-Term Planning, Monetary Policy, and Macroeconomic Persistence
    Christopher Gust, Edward Herbst, and David López-Salido
    American Economic Journal: Macroeconomics (2022)
    https://doi.org/10.1257/mac.20200058
    See also » FRB Working Paper (2020)
  • Short-term Planning, Monetary Policy, and Macroeconomic Persistence
    Christopher Gust, Edward Herbst, and David López-Salido
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.003
  • Forward Guidance with Bayesian Learning and Estimation
    Christopher Gust, Edward Herbst, and David López-Salido
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.072
  • Asymmetric Monetary Policy and the Effective Lower Bound
    Christopher Gust, David López-Salido, and Steve Meyer
    Research in Economics (2017)
    https://doi.org/10.1016/j.rie.2017.05.005
  • The Empirical Implications of the Interest-Rate Lower Bound
    Christopher Gust, Edward Herbst, David López-Salido, and Matthew E. Smith
    American Economic Review (2017)
    https://doi.org/10.1257/aer.20121437
    See also » FRB Working Paper (2012)
  • Monetary Policy, Incomplete Information, and the Zero Lower Bound
    Christopher Gust, Benjamin K. Johannsen, and J. David Lopez-Salido
    IMF Economic Review (2017)
    https://doi.org/10.1057/s41308-016-0023-z
    See also » FRB Working Paper (2015)
  • Monetary Policy and the Cyclicality of Risk
    Christopher Gust and David López-Salido
    Journal of Monetary Economics (2014)
    https://doi.org/10.1016/j.jmoneco.2013.11.008
    See also » FRB Working Paper (2010)
  • Oil Shocks and the Zero Bound on Nominal Interest Rates
    Martin Bodenstein, Luca Guerrieri, and Christopher J. Gust
    Journal of International Money and Finance (2013)
    https://doi.org/10.1016/j.jimonfin.2012.08.002
  • Entry Dynamics and the Decline in Exchange-Rate Pass-Through
    Christopher Gust, Sylvain Leduc, and Robert J. Vigfusson
    Macroeconomic Performance in a Globalising Economy (2011)
  • International Competition and Inflation: A New Keynesian Perspective
    Luca Guerrieri, Christopher Gust, and David Lopez-Salido
    American Economic Journal: Macroeconomics (2010)
    https://doi.org/10.1257/mac.2.4.247
  • Trade Integration, Competition, and the Decline in Exchange-Rate Pass-Through
    Christopher Gust, Sylvain Leduc, and Robert Vigfusson
    Journal of Monetary Economics (2010)
    https://doi.org/10.1016/j.jmoneco.2010.02.001
  • The Adjustment of Global External Balances: Does Partial Exchange-Rate Pass-Through Matter?
    Christopher J. Gust, Sylvain Leduc, and D. Nathan Sheets
    Journal of International Economics (2009)
    https://doi.org/10.1016/j.jinteco.2009.08.002
  • The Power of Long-Run Structural VARs
    Christopher Gust and Robert Vigfusson
    International Finance Discussion Papers (2009)
  • The Transmission of Domestic Shocks in Open Economies
    Christopher J. Erceg, Christopher Gust, and David Lopez Salido
    International Dimensions of Monetary Policy (2009)
  • Trade Adjustment and the Composition of Trade
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    Journal of Economic Dynamics & Control (2008)
    https://doi.org/10.1016/j.jedc.2007.09.015
  • SIGMA: A New Open Economy Model for Policy Analysis
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    International Journal of Central Banking (2006)
  • Expansionary Fiscal Shocks and the US Trade Deficit
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    International Finance (2005)
    https://doi.org/10.1111/j.1468-2362.2005.00164.x
  • Can Long-Run Restrictions Identify Technology Shocks?
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    Journal of the European Economic Association (2005)
    https://doi.org/10.1162/154247605775012860
  • International Comparisons of Productivity Growth: The Role of Information Technology and Regulatory Practices
    Christopher Gust and Jaime Marquez
    Labour Economics (2004)
    https://doi.org/10.1016/S0927-5371(03)00055-1
    See also » FRB Working Paper (2002)
  • Monetary Policy in a Financial Crisis
    Lawrence J. Christiano, Christopher Gust, and Jorge Roldos
    Journal of Economic Theory (2004)
    https://doi.org/10.1016/S0022-0531(03)00228-X
  • International Comparisons of Productivity Growth: Recent Developments
    Christopher Gust and Jaime Marquez
    Business Economics (2001)
  • The Expectations Trap Hypothesis
    Lawrence J. Christiano and Christopher Gust
    Economic Perspectives (2000)
  • Productivity Developments Abroad
    Christopher Gust and Jaime Marquez
    Federal Reserve Bulletin (2000)
    https://doi.org/10.17016/bulletin.2000.86-10
  • Robustness of Simple Monetary Policy Rules under Model Uncertainty: Comment
    Lawrence J. Christiano and Christopher J. Gust
    Monetary policy rules (1999)
  • Taylor Rules in a Limited Participation Model
    Lawrence J. Christiano and Christopher J. Gust
    De Economist (1999)
    https://doi.org/10.1023/A:1003850310064
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Last Update: August 2, 2024