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Marcel A. Priebsch

Education

  • Ph.D., Economics (Minor: Business), Stanford University
  • M.S., Statistics, Stanford University
  • M.A., Economics, Stanford University
  • B.A., Economics and Management, University of Oxford
Current Research Topics
  • Shadow Rate Term Structure Models
  • Macro Variables and the Term Structure
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2017 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2017
  • Economist

    Board of Governors of the Federal Reserve System

    2011 - 2015
  • Computing Arbitrage-Free Yields in Multi-Factor Gaussian Shadow Rate Term Structure Models
    Marcel A. Priebsch
    Quarterly Journal of Finance (Forthcoming)
    https://doi.org/10.1142/S2010139223500131
    See also » FRB Working Paper (2013)
  • Are Shadow Rate Models of the Treasury Yield Curve Structurally Stable?
    Don H. Kim and Marcel A. Priebsch
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.061
  • A New Way to Visualize the Evolution of Monetary Policy Expectations
    Marcel A. Priebsch
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2444
  • A Shadow Rate Model of Intermediate-Term Policy Rate Expectations
    Marcel A. Priebsch
    FEDS Notes (2017)
    https://doi.org/10.17016/2380-7172.2056
  • Bliss, Catastrophe, and Rational Policy
    Marcel A. Priebsch and Kenneth J. Arrow
    Environmental & Resource Economics (2014)
    https://doi.org/10.1007/s10640-014-9788-6
  • Risk Premiums in Dynamic Term Structure Models with Unspanned Macro Risks
    Marcel A. Priebsch, Scott Joslin, and Kenneth J. Singleton
    Journal of Finance (2014)
    https://doi.org/10.1111/jofi.12131
  • Computing Arbitrage-Free Yields in Multi-Factor Gaussian Shadow-Rate Term Structure Models
    Marcel A. Priebsch
    Finance and Economics Discussion Series (2013)
    https://doi.org/10.17016/FEDS.2013.63
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Last Update: August 2, 2024