Bernd Schlusche

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

17

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CITATIONS
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35

Scholarly Papers (17)

1.

Market Reaction to Corporate Press Releases

Number of pages: 58 Posted: 21 Feb 2010 Last Revised: 13 Nov 2011
Andreas Neuhierl, Anna Scherbina and Bernd Schlusche
University of Notre Dame - Department of Finance, Brandeis University and Board of Governors of the Federal Reserve System
Downloads 2,543 (4,756)
Citation 1

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Corporate News, Event Study, Market Efficiency

2.

Asset Price Bubbles: A Survey

Number of pages: 43 Posted: 28 Mar 2011 Last Revised: 03 Feb 2013
Anna Scherbina and Bernd Schlusche
Brandeis University and Board of Governors of the Federal Reserve System
Downloads 1,263 (15,078)
Citation 2

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Bubbles, Limits to Arbitrage, Financial Crisis

3.

Cross-Firm Information Flows and the Predictability of Stock Returns

Number of pages: 77 Posted: 11 May 2013 Last Revised: 21 Mar 2016
Anna Scherbina and Bernd Schlusche
Brandeis University and Board of Governors of the Federal Reserve System
Downloads 1,109 (18,456)
Citation 2

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Information Leadership, Lead-Lag Effect, Corporate News Announcements, Limited Attention, Market Efficiency

4.

Data Snooping and Market-Timing Rule Performance

Number of pages: 52 Posted: 18 Feb 2009 Last Revised: 19 Jul 2013
Andreas Neuhierl and Bernd Schlusche
University of Notre Dame - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 1,024 (20,711)

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Market Timing, Data Snooping, Multiple Testing, Reality Check, SPA Test, Stepwise Method

Quantitative Easing and Bank Risk Taking: Evidence from Lending

Number of pages: 52 Posted: 02 Nov 2015 Last Revised: 27 Sep 2018
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 639 (39,485)
Citation 10

Abstract:

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QE, bank lending, reserve balances, monetary policy, Federal Reserve, risk-taking channel, LSAP, portfolio substitution effect

Quantitative Easing and Bank Risk Taking: Evidence from Lending

FEDS Working Paper No. 2017-125
Number of pages: 55 Posted: 03 Jan 2018 Last Revised: 07 Feb 2018
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 130 (218,914)

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Monetary policy, QE, bank lending, reserve balances

6.

Economic Linkages Inferred from News Stories and the Predictability of Stock Returns

Number of pages: 53 Posted: 05 Dec 2013 Last Revised: 30 Dec 2015
Anna Scherbina and Bernd Schlusche
Brandeis University and Board of Governors of the Federal Reserve System
Downloads 642 (39,825)
Citation 3

Abstract:

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News Media, Soft Information, Linked Stocks, Information Leadership, Lead-Lag Effect, Complex Information, Limited Attention, Market Efficiency

7.

Performance Isn't Everything: Personal Characteristics and Career Outcomes of Mutual Fund Managers

Number of pages: 79 Posted: 07 Sep 2017 Last Revised: 20 May 2018
Brad M. Barber, Anna Scherbina and Bernd Schlusche
University of California, Davis, Brandeis University and Board of Governors of the Federal Reserve System
Downloads 482 (57,675)
Citation 2

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Women in Finance, Diversity, Career Advancement, Mutual Fund Industry, Mutual Fund Managers, Mutual Fund Manager Performance

The Effect of Bank Supervision on Risk Taking: Evidence from a Natural Experiment

Number of pages: 54 Posted: 22 Mar 2017 Last Revised: 16 Jan 2019
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 328 (90,277)

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Bank Supervision, Risk Taking, S&L Crisis, Lending, Resolution Costs

The Effect of Bank Supervision on Risk Taking: Evidence from a Natural Experiment

FEDS Working Paper No. 2017-079
Number of pages: 51 Posted: 07 Sep 2017
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 43 (418,979)

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S&L crisis, Bank supervision, Lending, Resolution costs, Risk taking

9.

Flow Effects of Large-Scale Asset Purchases

Number of pages: 14 Posted: 20 Jul 2013 Last Revised: 27 Mar 2017
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 180 (166,194)
Citation 2

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LSAP, Quantitative Easing, Open Market Operations, Liquidity, Monetary Policy

10.

Follow the Leader: Using the Stock Market to Uncover Information Flows Between Firms

Number of pages: 71 Posted: 12 Nov 2018 Last Revised: 06 Dec 2018
Anna Scherbina and Bernd Schlusche
Brandeis University and Board of Governors of the Federal Reserve System
Downloads 171 (173,935)

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Information Leadership, Lead-Lag Effect, Corporate News Announcements, Limited Attention, Market Efficiency

An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-Scale Asset Purchases

Number of pages: 53 Posted: 29 May 2014 Last Revised: 29 Apr 2015
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 107 (253,107)

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QE, LSAP, mortgage-backed securities, monetary policy, Federal Reserve, mortgage, prepayment rates

An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-Scale Asset Purchases

FEDS Working Paper No. 2015-027, http://dx.doi.org/10.17016/FEDS.2015.027
Number of pages: 50 Posted: 09 May 2015
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 47 (403,667)

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Federal Reserve, LSAP, Monetary policy, QE, mortgage, mortgage-backed securities, prepayment rates

12.

The Federal Reserve's Balance Sheet and Overnight Interest Rates

Number of pages: 42 Posted: 01 Jan 2013
Jaime Marquez, Ari Morse and Bernd Schlusche
Board of Governors of the Federal Reserve System - International Financial Transactions Section, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 59 (357,645)

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Reserve Balances, Federal Funds Rate, Balance Sheet, Large-Scale Asset Purchases, Interest Rate on Excess Reserves, Exit Strategy

Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience

FEDS Working Paper No. 2014-22
Number of pages: 43 Posted: 02 Apr 2014
Ruth Judson, Bernd Schlusche and Vivian Wong
Board of Governors of the Federal Reserve - Division of International Finance, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 32 (466,968)

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money demand, M2, zero lower bound, opportunity cost

Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience

FEDS Working Paper No. 2014-22
Number of pages: 43 Posted: 31 May 2017
Ruth Judson, Bernd Schlusche and Vivian Wong
Board of Governors of the Federal Reserve - Division of International Finance, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 5 (638,914)

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Money demand, M2, zero lower bound, opportunity cost

14.

Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve's Current Policy Toolkit

FEDS Working Paper No. 2019-003
Number of pages: 63 Posted: 07 Feb 2019 Last Revised: 21 Feb 2019
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 36 (438,349)
Citation 1

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Effective lower bound, Federal Reserve balance sheets, Forward guidance, Large-scale asset purchases, Monetary policy

15.

Asset Bubbles: An Application to Residential Real Estate

European Financial Management, Vol. 18, Issue 3, pp. 464-491, 2012
Number of pages: 28 Posted: 19 May 2012
Anna Scherbina and Bernd Schlusche
Brandeis University and Board of Governors of the Federal Reserve System
Downloads 1 (648,637)
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bubbles, residential real estate, limits to arbitrage, financial crisis

16.

Simulating the Macroeconomic Effects of Unconventional Monetary Policies

FED Notes No. 2018-07-20
Posted: 27 Jul 2018 Last Revised: 21 Feb 2019
Indiana University Bloomington - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Board, Board of Governors of the Federal Reserve System and Indiana University Purdue University Indianapolis (IUPUI)

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17.

Price Formation in Spot and Futures Markets: Exchange Traded Funds vs. Index Futures

Posted: 06 Oct 2009
Bernd Schlusche
Board of Governors of the Federal Reserve System

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Index Futures, Exchange Traded Funds, Vector Error Correction Model, Common Factor Weights