Bernd Schlusche

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

20

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11,322

SSRN CITATIONS
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Top 11,212

in Total Papers Citations

77

CROSSREF CITATIONS

34

Scholarly Papers (20)

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
Washington University in St. Louis - John M. Olin Business School, Brandeis University and Board of Governors of the Federal Reserve System
Downloads 3,350 (4,186)
Citation 11

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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 1,423 (16,859)
Citation 6

Abstract:

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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 1,245 (20,596)
Citation 1

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

Quantitative Easing and Bank Risk Taking: Evidence from Lending

Number of pages: 56 Posted: 02 Nov 2015 Last Revised: 18 May 2020
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 748 (41,832)
Citation 26

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 330 (114,708)

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5.

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
Washington University in St. Louis - John M. Olin Business School and Board of Governors of the Federal Reserve System
Downloads 1,063 (25,995)
Citation 3

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

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 815 (37,721)
Citation 6

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 706 (45,892)
Citation 3

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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 and Examination on Risk Taking: Evidence from a Natural Experiment

Number of pages: 54 Posted: 22 Mar 2017 Last Revised: 18 May 2020
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 468 (76,530)

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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. 2017-79
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 60 (446,325)
Citation 1

Abstract:

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9.

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 383 (97,711)

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

10.

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 191 (198,511)
Citation 3

Abstract:

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

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 115 (300,007)

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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 50 (486,365)

Abstract:

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

12.

Issues in the Use of the Balance Sheet Tool

FEDS Working Paper No. 2020-71
Number of pages: 38 Posted: 02 Sep 2020
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago, 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 147 (248,056)
Citation 2

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13.

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

FEDS Working Paper No. 2019-3
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 92 (346,355)
Citation 14

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14.

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, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 65 (422,773)

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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 System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 34 (566,068)

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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 System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 17 (685,421)
Citation 2

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16.
Downloads 19 (647,907)

Arbitrage Capital of Global Banks

FEDS Working Paper No. 2021-32
Number of pages: 66 Posted: 14 Jun 2021 Last Revised: 30 Jun 2021
Alyssa G. Anderson, Wenxin Du and Bernd Schlusche
Board of Governors of the Federal Reserve System, University of Chicago Booth School of Business and Board of Governors of the Federal Reserve System
Downloads 17 (685,421)

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Arbitrage Capital of Global Banks

NBER Working Paper No. w28658
Number of pages: 67 Posted: 12 Apr 2021 Last Revised: 16 Oct 2021
Alyssa G. Anderson, Wenxin Du and Bernd Schlusche
Board of Governors of the Federal Reserve System, University of Chicago Booth School of Business and Board of Governors of the Federal Reserve System
Downloads 2 (814,885)
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17.

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 (791,766)
Citation 1
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bubbles, residential real estate, limits to arbitrage, financial crisis

18.

Simulating the Macroeconomic Effects of Unconventional Monetary Policies

FEDS Notes No. 2018-07-20
Posted: 27 Jul 2018 Last Revised: 25 Jun 2020
Indiana University Bloomington - Department of Economics, 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 Indiana University Purdue University Indianapolis (IUPUI)

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19.

Confidence Interval Projections of the Federal Reserve Balance Sheet and Income

FEDS Notes No. 2017-01-13
Posted: 14 Oct 2017 Last Revised: 14 May 2021
Erin Syron Ferris, Soo Jeong Kim and Bernd Schlusche
Board of Governors of the Federal Reserve System, Chungnam National University and Board of Governors of the Federal Reserve System

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20.

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