Welcome
I am an economist on the research staff of the Federal Reserve Bank of San
Francisco. We have economist web pages at
work, and you can visit mine
directly. Space and the material we are allowed to present there are limited, however, so this page provides
additional working papers, computer programs and data, research in more preliminary stages, and other
miscellaneous information about me. For a listing of citations to my work, I encourage you to visit
my Google Scholar author page.
The page you are viewing http://www.ericswanson.org or, equivalently,
http://www.ericswanson.us is the up-to-date location of my site. I expect
to maintain this URL as my home page for the next several years.
What’s New
| 5/6/13:
| Posted slides from my recent discussion of Alex Hsu, Erica Li, and Francisco
Palomino's paper, “What Do Nominal Rigidities and Monetary Policy Tell Us about the Real Yield Curve?”
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| 3/20/13:
| Posted a revised version of my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive
Preferences.” This version includes a number of minor improvements for clarity. Also posted an updated
version of my curriculum vitae.
|
| 2/1/13:
| Posted a revised version of my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Medium- and
Longer-Term Interest Rates.” This version extends our analysis through the end of 2012 and clarifies the
discussion in several places.
|
| 11/25/12:
| Posted a revised version of my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive
Preferences.” This version includes revisions to the numerical examples, the section on balanced growth,
and the section on multiplier preferences. Also posted a slightly revised version of my paper with John
Williams, “Measuring the Effect of
the Zero Lower Bound on Medium- and Longer-Term Interest Rates.” The revisions to the paper with John are
minor and for clarity. Also updated my curriculum vitae.
|
| 10/17/12:
| Posted a revised version of my paper, “Risk
Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences.” This version adds a new section on
Hansen-Sargent multiplier preferences and includes several more minor revisions for clarity.
|
| 10/9/12:
| Posted a revised version of my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Medium- and
Longer-Term Interest Rates.” This version contains more discussion relating our results to the fiscal
multiplier and clarifies a few other points. Also updated my curriculum vitae.
|
| 9/27/12:
| Posted a new working paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive
Preferences.” This paper goes through a much more detailed analysis of the issue in generalized recursive
preferences than I’ve done before, including some useful numerical examples of the equity premium in a real
business cycle model.
|
| 9/11/12:
| Updated my curriculum vitae.
|
| 8/31/12:
| Chairman Bernanke cited two of my recent papers in
his Jackson Hole speech.
Also see the
paper presented at the conference by Michael Woodford.
|
| 8/16/12:
| Posted new slides for my paper
with John Williams, “Measuring
the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates.” Also updated
my curriculum vitae.
|
| 7/2/12:
| My paper, “Risk Aversion
and the Labor Margin in Dynamic Equilibrium Models,” has just been published in The American
Economic Review. I’ve posted reprints and an updated version of my curriculum vitae.
|
| 5/29/12:
| Posted a revised version of my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Medium- and
Longer-Term Interest Rates.” Also updated my curriculum vitae.
|
| 5/3/12:
| Updated my
curriculum vitae. Also
posted a slightly revised and updated version of my paper, “Risk Aversion and the Labor Margin in Dynamic
Equilibrium Models.”
|
| 3/15/12:
| Posted slides
for my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest
Rates.” Also posted updated slides and a revised long version of my paper “Risk Aversion and the Labor Margin in Dynamic
Equilibrium Models.”
|
| 2/13/12:
| Posted my new working paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest
Rates.” I’ve also posted an updated version of my
curriculum vitae.
|
| 1/16/12:
| My paper with Glenn Rudebusch, “The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks,” has just
been published in the January 2012 issue of American Economic Journal: Macroeconomics. I’ve posted
reprints, and posted an updated version of my
curriculum vitae.
|
| 11/21/11:
| After nine long months, the Google Scholar error that has been dropping me as a coauthor from my AER paper
with Brian Sack and Refet Gürkaynak has finally been fixed. I’ve updated my curriculum vitae accordingly. I also encourage you to
visit my new Google Scholar author page,
which presents my citations in a much nicer format than the usual Google Scholar results page.
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