Photo of Matthias O. Paustian

Matthias O. Paustian

Education

  • Ph.D., Economics, University of Bonn, 2005
  • Diplom, Economics, University of Berlin (FU), 2000
Current Research Topics
  • Macroeconomics
  • Monetary Economics
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2018 - present
  • Chief

    Board of Governors of the Federal Reserve System

    2014 - 2021
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - present
  • Economist, Senior Economist

    Bank of England

    2008 - 2013
  • Assistant Professor

    Bowling Green State University

    2005 - 2008
  • Do Sustainable Investment Strategies Hedge Climate Change Risks? Evidence from Germany's Carbon Tax
    Marcelo Ochoa, Matthias Paustian, and Laura Wilcox
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.073
  • Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother
    Hess Chung, Cristina Fuentes-Albero, Matthias Paustian, and Damjan Pfajfar
    Journal of Economic Dynamics & Control (2021)
    https://doi.org/10.1016/j.jedc.2021.104097
    See also » FRB Working Paper (2020)
  • Self-Fulfilling Recessions at the Zero Lower Bound
    Charles Brendon, Matthias Paustian, and Tony Yates
    Journal of Monetary Economics (2020)
    https://doi.org/10.1016/j.jmoneco.2019.06.004
  • Household Debt and the Heterogeneous Effects of Forward Guidance
    Francesco Ferrante and Matthias Paustian
    International Finance Discussion Papers (2019)
    https://doi.org/10.17016/IFDP.2019.1267
  • Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve's Current Policy Toolkit
    Hess Chung, Etienne Gagnon, Taisuke Nakata, Matthias Paustian, Bernd Schlusche, James Trevino, Diego Vilán, and Wei Zheng
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.003
  • Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects
    Hess Chung, Taisuke Nakata, and Matthias Paustian
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2264
  • Coordinating Monetary and Macroprudential Policies
    Bianca De Paoli and Matthias Paustian
    Journal of Money, Credit and Banking (2017)
    https://doi.org/10.1111/jmcb.12381
  • Targeting Long Rates in a Model with Segmented Markets
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    American Economic Journal: Macroeconomics (2017)
    https://doi.org/10.1257/mac.20150179
  • Optimal Contracts, Aggregate Risk, and the Financial Accelerator
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    American Economic Journal: Macroeconomics (2016)
    https://doi.org/10.1257/mac.20120024
  • Inflation and Output in New Keynesian Models with a Transient Interest Rate Peg
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    Journal of Monetary Economics (2015)
    https://doi.org/10.1016/j.jmoneco.2015.09.004
  • Fiscal Multipliers under an Interest Rate Peg of Deterministic versus Stochastic Duration
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    Journal of Money, Credit and Banking (2014)
    https://doi.org/10.1111/jmcb.12141
  • Estimating Contract Indexation in a Financial Accelerator Model
    Charles T. Carlstrom, Timothy S. Fuerst, Alberto Ortiz, and Matthias Paustian
    Journal of Economic Dynamics & Control (2014)
    https://doi.org/10.1016/j.jedc.2014.06.009
  • How Relevant Are Nominal Contracting Schemes for Monetary Policy?
    Matthias Paustian and Jurgen von Hagen
    Journal of Macroeconomics (2012)
    https://doi.org/10.1016/j.jmacro.2012.03.006
  • Business Cycle Measurement with Some Theory
    Fabio Canova and Matthias Paustian
    Journal of Monetary Economics (2011)
    https://doi.org/10.1016/j.jmoneco.2011.07.005
  • Optimal Monetary Policy in a Model with Agency Costs
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    Journal of Money, Credit and Banking (2010)
    https://doi.org/10.1111/j.1538-4616.2010.00329.x
  • Monetary Policy Shocks, Choleski Identification, and DNK Models
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    Journal of Monetary Economics (2009)
    https://doi.org/10.1016/j.jmoneco.2009.09.009
  • Inflation Persistence, Monetary Policy, and the Great Moderation
    Charles T. Carlstrom, Timothy S. Fuerst, and Matthias Paustian
    Journal of Money, Credit and Banking (2009)
    https://doi.org/10.1111/j.1538-4616.2009.00231.x
  • Assessing Sign Restrictions
    Matthias Paustian
    B.E. Journal of Macroeconomics (2007)
    https://doi.org/10.2202/1935-1690.1543
Conference Organization
  • November 2018 | Guayaquil, Ecuador

    Latin American and Caribbean Economic Association Latin American Meeting of the Econometric Society

    Programme Committee

  • October 2018 | Southbend, USA

    Credit Market Frictions, Business Cycles, and Monetary Policy: In Honor of Carlstrom and Fuerst

    Co-organizer

  • April 2013 | London,UK

    Royal Economic Society Annual Conference

    Programme Committee

  • October 2012 | London, UK

    First LSE/BOE conference on Macroeconomics - "Unemployment, productivity and potential output"

    Co-organizer

  • December 2012 | London, UK

    International capital flows and spillovers in a post-crisis world

    Co-organizer

Referee
  • American Economic Review
  • American Economic Journal: Macroeconomics
  • Economic Journal
  • European Economic Review
  • International Economic Review
  • International Journal of Central Banking
  • Journal of Applied Econometrics
  • Journal of the European Economic Association
  • Journal of Financial Stability
  • Journal of Macroeconomics
  • Journal of Money, Credit, and Banking
  • Journal of Monetary Economics
  • Journal of Political Economy
  • Labour Economics
  • Macroeconomic Dynamics
  • Oxford Bulletin of Economics and Statistics
  • Quantitative Economics
  • Review of Economic Dynamics
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Last Update: August 2, 2024