Bernd Schlusche

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

12

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CITATIONS
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10

Scholarly Papers (12)

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, University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 1,618 (5,462)
Citation 2

Abstract:

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
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 945 (14,619)

Abstract:

Bubbles, Limits to Arbitrage, Financial Crisis

3.

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 936 (17,138)
Citation 4

Abstract:

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

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
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 881 (19,261)

Abstract:

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

5.

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

Number of pages: 35 Posted: 06 Oct 2009
Bernd Schlusche
Board of Governors of the Federal Reserve System
Downloads 498 (36,676)
Citation 4

Abstract:

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

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
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 294 (50,515)

Abstract:

News Media, Soft Information, Linked Stocks, Information Leadership, Lead-Lag Effect, Complex Information, 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 103 (208,834)

Abstract:

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 35 (367,561)

Abstract:

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

8.

Flow Effects of Large-Scale Asset Purchases

Number of pages: 14 Posted: 20 Jul 2013 Last Revised: 30 Aug 2013
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 127 (153,688)

Abstract:

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

9.

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 48 (309,677)

Abstract:

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

10.

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 13 (395,849)

Abstract:

money demand, M2, zero lower bound, opportunity cost

11.

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
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 1 (522,131)

Abstract:

bubbles, residential real estate, limits to arbitrage, financial crisis

12.

Quantitative Easing and Bank Risk Taking: Evidence from Lending

Number of pages: 50 Posted: 02 Nov 2015 Last Revised: 31 Jan 2017
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 0 (79,571)

Abstract:

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