Tony Zhang

Principal Economist
Board of Governors of the Federal Reserve System
2023 - present
Senior Economist
Board of Governors of the Federal Reserve System
2021 - 2023
Economist
Board of Governors of the Federal Reserve System
2020 - 2021
Assistant Professor of Finance
Boston University
2018 - 2020

Evaluating Forecast Performance of Market-based Measures of Inflation Expectations in Europe
Shaily Acharya, Nira Harikrishnan, Thomas M. Mertens, and Tony Zhang
FEDS Notes (2024)
https://doi.org/10.17016/2380-7172.3550
A Portfolio Approach to Global Imbalances
Zhengyang Jiang, Robert J. Richmond, and Tony Zhang
Journal of Finance (2024)
https://doi.org/10.1111/jofi.13333
Monetary Policy Spillovers through Invoicing Currencies
Tony Zhang
Journal of Finance (2022)
https://doi.org/10.1111/jofi.13071
The Economics of Currency Risk
Tarek Alexander Hassan and Tony Zhang
Annual Review of Economics (2021)
https://doi.org/10.1146/annurev-economics-092220-103354
The Hedging Channel of Exchange Rate Determination
Gordon Liao and Tony Zhang
International Finance Discussion Papers (2020)
https://doi.org/10.17016/IFDP.2020.1283
Not So Disconnected: Exchange Rates and the Capital Stock
Tarek A. Hassan, Thomas M. Mertens, and Tony Zhang
Journal of International Economics (2016)
https://doi.org/10.1016/j.jinteco.2015.12.003

2022
Western Finance Association
Best Asset Pricing Paper Award for "A Portfolio Approach to Global Imbalances"
2020
Viena Symposium on Foreign Exchange Markets
Best Paper Award for "A Portfolio Approach to Global Imbalances"

Board of Governors of the Federal Reserve System