Meet the Researchers
![Photo of Etienne Gagnon](/econres/images/etienne-gagnon.jpg)
Etienne Gagnon
Associate Director
Program Direction Section
International Finance
202-452-3522
[email protected]
[email protected]
Education
- Ph.D., Economics, Northwestern University, 2006
- B.Sc., Mathematics and Economics, University of Montreal, 2000
Current Research Topics
- Determinants of interest rates
- Product variety and inflation
Associate Director
Division of International Finance, Board of Governors of the Federal Reserve System
2023 - presentAssistant Director
Division of Monetary Affairs, Board of Governors of the Federal Reserve System
2019 - 2022Chief
Monetary Studies Section, Division of Monetary Affairs, Board of Governors of the Federal Reserve System
2015 - 2019Economist
Monetary Studies Section, Division of Monetary Affairs, Board of Governors of the Federal Reserve System
2013 - 2015Economist
Advanced Foreign Economies Section, Division of International Finance, Board of Governors of the Federal Reserve System
2006 - 2013
- Balance Sheet Policies in an Evolving Economy: Some Modelling Advances and Illustrative Simulations
Hess Chung, Etienne Gagnon, James Hebden, Kyungmin Kim, Bernd Schlusche, Eric Till, James Trevino, and Diego Vilán
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3246 - Substitutability between Balance Sheet Reductions and Policy Rate Hikes: Some Illustrations and a Discussion
Edmund Crawley, Etienne Gagnon, James Hebden, and James Trevino
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3147 - Supply-side Effects of Pandemic Mortality: Insights from an Overlapping-generations Model
Etienne Gagnon, Benjamin K. Johannsen, and David López-Salido
B.E. Journal of Macroeconomics (2022)
https://doi.org/10.1515/bejm-2020-0196
See also » FRB Working Paper (2020) - Macroeconomic Implications of Inequality and Income Risk
Aditya Aladangady, Etienne Gagnon, Benjamin K. Johannsen, and William B. Peterman
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.073 - Monetary Policy and Economic Performance Since the Financial Crisis
Dario Caldara, Etienne Gagnon, Enrique Martínez-García, and Christopher J. Neely
Federal Reserve Bank of St. Louis Review (2021)
https://doi.org/10.20955/r.103.425-60
See also » FRB Working Paper (2020) - Understanding the New Normal: The Role of Demographics
Etienne Gagnon, Benjamin K. Johannsen, and David Lopez-Salido
IMF Economic Review (2021)
https://doi.org/10.1057/s41308-021-00138-4
See also » FRB Working Paper (2016) - Small Price Responses to Large Demand Shocks
Etienne Gagnon and J. David López-Salido
Journal of the European Economic Association (2020)
https://doi.org/10.1093/jeea/jvz002
See also » FRB Working Paper (2014) - 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 - Comment on the Demographic Deficit
Etienne Gagnon, Benjamin K. Johannsen, and David López-Salido
Journal of Monetary Economics (2018)
https://doi.org/10.1016/j.jmoneco.2017.11.006 - The Cyclicality of Sales, Regular, and Effective Prices: Business Cycle and Policy Implications: Comment
Etienne Gagnon, David Lopez-Salido, and Jason Sockin
American Economic Review (2017)
https://doi.org/10.1257/aer.20150891
See also » FRB Working Paper (2015) - Mass Population Displacement and Retail Activities in the Wake of Hurricane Katrina
Etienne Gagnon and J. David López-Salido
FEDS Notes (2015)
https://doi.org/10.17016/2380-7172.1600 - The Cyclicality of Sales, Regular and Effective Prices: Comment
Etienne Gagnon, David Lopez-Salido, and Jason A. Sockin
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.052 - Missing Import Price Changes and Low Exchange Rate Pass-Through
Etienne Gagnon, Benjamin R. Mandel, and Robert J. Vigfusson
American Economic Journal: Macroeconomics (2014)
https://doi.org/10.1257/mac.6.2.156
See also » FRB Working Paper (2012) - Individual Price Adjustment along the Extensive Margin
Etienne Gagnon, David López-Salido, and Nicolas Vincent
NBER Macroeconomics Annual Book Series (2013)
https://doi.org/10.1086/669179
See also » FRB Working Paper (2012) - Interest on Excess Reserves as a Monetary Policy Instrument: The Experience of Foreign Central Banks
David Bowman, Etienne Gagnon, and Mike Leahy
International Finance Discussion Papers (2010) - Price Setting during Low and High Inflation: Evidence from Mexico
Etienne Gagnon
Quarterly Journal of Economics (2009)
https://doi.org/10.1162/qjec.2009.124.3.1221
Referee
- American Economic Review
- American Economic Journal: Macroeconomics
- Canadian Journal of Economics
- Emerging Markets Finance and Trade
- International Journal of Central Banking
- Journal of Monetary Economics
- Journal of Money, Credit, and Banking
- Journal of Political Economy
- Quarterly Journal of Economics
Last Update:
August 2, 2024