Eric T. Swanson Mt Rainier
Welcome Research Curriculum Vitae Perturbation AIM Personal

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, 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

4/4/14:    I've been busy for the past few months. First, I've accepted a position as Professor of Economics at the University of California, Irvine (Economics Dept.) (Wikipedia), beginning in July. I'll be moving down with my family in the summer, and teaching beginning in January. Second, my paper with John Fernald and Mark Spiegel, “Monetary Policy Effectiveness in China: Evidence from a FAVAR Model,” has been accepted for publication in the Journal of International Money & Finance. Click on the link above for a copy. Finally, I've updated my curriculum vitae.
1/16/14:    My paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates,” has been accepted for publication in The American Economic Review. I've posted the final version of that paper, which includes a few minor revisions for clarity. Also posted preprints for my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany,” and updated my curriculum vitae.
11/24/13:    Updated the information on my personal page, including much-needed new family photos.
11/20/13:    My paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany,” has been accepted for publication in the Journal of International Economics. I've posted a slightly revised version of that paper and updated my curriculum vitae. Also posted a slightly revised version of my paper, “Implications of Labor Market Frictions for Risk Aversion and Risk Premia.” This version includes several minor revisions to improve motivation and clarity.
11/15/13:    Posted new presentation slides for my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences,” and new presentation slides for my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany.” Also updated my curriculum vitae.
10/20/13:    Posted slides from my recent discussion of Gertler and Karadi's “Monetary Policy Surprises, Credit Costs, and Economic Activity.” Also posted new presentation slides for my paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany.”
9/29/13:    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 is a bit more concise and includes several edits for clarity. Also posted a slightly revised version of my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences.” This version includes some additional motivating discussion in the Introduction and a few minor edits for clarity. Finally, I updated my curriculum vitae.
8/24/13:    Posted a draft of my new paper with John Williams, “Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany.” Also posted a revised version of my paper, “ Implications of Labor Market Frictions for Risk Aversion and Risk Premia.” This version includes several edits for clarity. Also updated my curriculum vitae.
8/6/13:    Posted a revised version of my paper, “Implications of Labor Market Frictions for Risk Aversion and Risk Premia.” This version includes a fully articulated numerical example and substantial revisions throughout the paper for clarity. Also posted a slightly revised version of my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences.” This version includes some additional motivating discussion in the Introduction and updates a few references. Finally, I updated my curriculum vitae.
7/13/13:    Posted presentation slides and a revised version of my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences.” This version includes a new figure and some additional discussion for clarity. Also posted presentation slides for my new paper, “Implications of Labor Market Frictions for Risk Aversion and Risk Premia.” Finally, I updated my curriculum vitae and the list of policymaker citations of my research.
5/31/13:    Posted a revised version of my paper, “Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences.” This version includes some minor improvements for clarity. Also posted an early draft of my new paper, “Implications of Labor Market Frictions for Risk Aversion and Risk Premia,” and updated my curriculum vitae.
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?”
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.

Contact Information

Eric Swanson
Economic Research, MS 1130
Federal Reserve Bank of SF
101 Market Street
San Francisco, CA 94105
(415) 974-3172
eric.swanson@sf.frb.org