Eric T. Swanson

University of California, Irvine - Department of Economics

Professor

University of California, Irvine

3151 Social Science Plaza

Irvine, CA 92697-5100

United States

http://www.ericswanson.org

SCHOLARLY PAPERS

29

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Top 10,030

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5,035

SSRN CITATIONS
Rank 632

SSRN RANKINGS

Top 632

in Total Papers Citations

691

CROSSREF CITATIONS

791

Scholarly Papers (29)

1.

Do Actions Speak Louder than Words? The Response of Asset Prices to Monetary Policy Actions and Statements

FEDS Working Paper No. 2004-66
Number of pages: 43 Posted: 19 Dec 2004
Refet S. Gürkaynak, Brian P. Sack and Eric T. Swanson
Bilkent University - Department of Economics, Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section and University of California, Irvine - Department of Economics
Downloads 1,074 (21,434)
Citation 347

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Measuring monetary policy surprises, FOMC statement, factor models, assest prices

Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the U.S., U.K. And Sweden

Number of pages: 51 Posted: 22 Jul 2007
Refet S. Gürkaynak, Andrew T. Levin and Eric T. Swanson
Bilkent University - Department of Economics, affiliation not provided to SSRN and University of California, Irvine - Department of Economics
Downloads 533 (55,305)
Citation 30

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inflation targeting, inflation compensation, excess sensitivity, forward rates, high-frequency data

Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the U.S., U.K. And Sweden

CEPR Discussion Paper No. 5808
Number of pages: 53 Posted: 12 Oct 2006
Refet S. Gürkaynak, Andrew T. Levin and Eric T. Swanson
Bilkent University - Department of Economics, affiliation not provided to SSRN and University of California, Irvine - Department of Economics
Downloads 45 (445,907)
Citation 12
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Inflation targeting

3.

Macroeconomic Implications of Changes in the Term Premium

FRB of San Francisco Working Paper No. 2006-46
Number of pages: 48 Posted: 17 Aug 2007
Glenn D. Rudebusch, Brian P. Sack and Eric T. Swanson
Federal Reserve Bank of San Francisco, Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section and University of California, Irvine - Department of Economics
Downloads 380 (84,306)
Citation 11

Abstract:

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Interest rates, Economic forecasting

4.

The Excess Sensitivity of Long-Term Interest Rates: Evidence and Implications for Macroeconomic Models

Number of pages: 44 Posted: 09 Mar 2004
Refet S. Gürkaynak, Brian P. Sack and Eric T. Swanson
Bilkent University - Department of Economics, Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section and University of California, Irvine - Department of Economics
Downloads 319 (102,851)
Citation 141

Abstract:

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Long-term interest rates, excess volatility, inflation expectations

5.

The Bond Yield 'Conundrum' from a Macro-Finance Perspective

Number of pages: 42 Posted: 26 Jul 2007
Glenn D. Rudebusch, Eric T. Swanson and Tao Wu
Federal Reserve Bank of San Francisco, University of California, Irvine - Department of Economics and Federal Reserve Bank of Dallas
Downloads 317 (103,564)
Citation 35

Abstract:

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Treasury bonds, Federal funds rate

6.

Market-Based Measures of Monetary Policy Expectations

Federal Reserve Bank of San Francisco Working Paper No. 2006-04
Number of pages: 36 Posted: 25 Nov 2002
Refet S. Gürkaynak, Brian P. Sack and Eric T. Swanson
Bilkent University - Department of Economics, Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section and University of California, Irvine - Department of Economics
Downloads 299 (110,278)
Citation 56

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monetary policy, federal funds rate, financial markets

Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data

ECB Working Paper No. 167; FRB International Finance Discussion Paper No. 739
Number of pages: 47 Posted: 17 Dec 2002
Board of Governors of the Federal Reserve - Division of International Finance, Board of Governors of the Federal Reserve System - Trade and Financial Studies Section, University of California, Irvine - Department of Economics and Johns Hopkins University - Department of Economics
Downloads 224 (147,779)

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High frequency data, identification, vector autoregression, exchange rates, monetary policy

Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data

NBER Working Paper No. w9660
Number of pages: 47 Posted: 27 Apr 2003
Board of Governors of the Federal Reserve - Division of International Finance, Board of Governors of the Federal Reserve System - Trade and Financial Studies Section, University of California, Irvine - Department of Economics and Johns Hopkins University - Department of Economics
Downloads 36 (486,202)
Citation 6

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Futures Prices as Risk-Adjusted Forecasts of Monetary Policy

Number of pages: 40 Posted: 28 Jul 2007
Monika Piazzesi and Eric T. Swanson
University of Chicago - Booth School of Business and University of California, Irvine - Department of Economics
Downloads 166 (194,664)
Citation 28

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monetary policy

Futures Prices as Risk-Adjusted Forecasts of Monetary Policy

NBER Working Paper No. w10547
Number of pages: 32 Posted: 18 Jun 2004
Monika Piazzesi and Eric T. Swanson
University of Chicago - Booth School of Business and University of California, Irvine - Department of Economics
Downloads 73 (351,307)
Citation 6

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9.

Federal Reserve Transparency and Financial Market Forecasts of Short-Term Interest Rates

Finance and Economics Discussion Series No. 2004-6
Number of pages: 37 Posted: 10 Mar 2004
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 204 (161,830)
Citation 16

Abstract:

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Transparency, monetary policy, forecasts

10.

Real Wage Cyclicality in the PSID

Number of pages: 41 Posted: 02 Nov 2007
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 172 (188,750)
Citation 3

Abstract:

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wages, labor market

11.

Models of Sectoral Reallocation

Federal Reserve Board FEDS Paper No. 99-3
Number of pages: 42 Posted: 05 Jul 1999
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 152 (209,579)

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The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks

Number of pages: 45 Posted: 22 Mar 2009
Glenn D. Rudebusch and Eric T. Swanson
Federal Reserve Bank of San Francisco and University of California, Irvine - Department of Economics
Downloads 113 (264,716)
Citation 10

Abstract:

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yield curve, term premium, bond pricing, long-run risk

The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks

National Bank of Belgium Working Paper No. 143
Number of pages: 50 Posted: 02 Oct 2010
Glenn D. Rudebusch and Eric T. Swanson
Federal Reserve Bank of San Francisco and University of California, Irvine - Department of Economics
Downloads 36 (486,202)
Citation 98

Abstract:

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13.

Identifying Vars Based on High Frequency Futures Data

FRB International Finance Discussion Paper No. 720
Number of pages: 44 Posted: 27 Apr 2002
Jon Faust, Eric T. Swanson and Jonathan H. Wright
Board of Governors of the Federal Reserve - Division of International Finance, University of California, Irvine - Department of Economics and Johns Hopkins University - Department of Economics
Downloads 142 (221,462)
Citation 57

Abstract:

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partial identification, monetary policy, vector autoregressions

Convergence and Anchoring of Yield Curves in the Euro Area

ECB Working Paper No. 817
Number of pages: 52 Posted: 19 Oct 2007
European Central Bank (ECB), DIW Berlin, Bilkent University - Department of Economics and University of California, Irvine - Department of Economics
Downloads 87 (315,995)

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bond markets, euro area, EMU, convergence, anchoring, credibility, monetary policy

Convergence and Anchoring of Yield Curves in the Euro Area

Number of pages: 46 Posted: 02 Nov 2007
European Central Bank (ECB), DIW Berlin, Bilkent University - Department of Economics and University of California, Irvine - Department of Economics
Downloads 45 (445,907)
Citation 26

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bond markets, euro area, EMU; convergence, anchoring, credibility

Convergence and Anchoring of Yield Curves in the Euro Area

CEPR Discussion Paper No. DP6456
Number of pages: 48 Posted: 30 May 2008
European Central Bank (ECB), DIW Berlin, Bilkent University - Department of Economics and University of California, Irvine - Department of Economics
Downloads 6 (685,288)
Citation 5
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anchoring, bond markets, convergence, credibility, EMU, euro area, monetary policy

15.

Higher-Order Perturbation Solutions to Dynamic, Discrete-Time Rational Expectations Models

Federal Reserve Bank of San Francisco Working Paper Series 2006-01
Number of pages: 31 Posted: 24 Jul 2007
Eric T. Swanson, Gary Anderson and Andrew T. Levin
University of California, Irvine - Department of Economics, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 125 (244,626)
Citation 15

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Business cycles, Macroeconomics, Monetary policy, Econometric models

16.

NAIRU Uncertainty and Nonlinear Policy Rules

FEDS Discussion Paper No. 01-01
Number of pages: 15 Posted: 17 Jan 2001
Laurence H. Meyer, Eric T. Swanson and Volker Wieland
Government of the United States of America - Division of Research and Statistics, University of California, Irvine - Department of Economics and University of Frankfurt
Downloads 125 (244,626)
Citation 4

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Simple nonlinear policy rule, signal extraction with non-normal prior, nonlinear updating

17.

Measuring the Cyclicality of Real Wages: How Important is Aggregation Across Industries?

FEDS Working Paper No. 99-52
Number of pages: 32 Posted: 01 Mar 2000
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 101 (284,812)

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18.

On Signal Extraction and Non-Certainty-Equivalence in Optimal Monetary Policy Rules

FEDS Working Paper No. 2000-32
Number of pages: 31 Posted: 06 Nov 2000
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 80 (329,664)
Citation 12

Abstract:

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signal extraction, certainty equivalence, monetary policy rules, Taylor rule

19.

Optimal Nonlinear Policy: Signal Extraction With a Non-Normal Prior

Number of pages: 24 Posted: 24 Jul 2007
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 26 (526,061)
Citation 1

Abstract:

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Monetary policy, Econometric models

20.

Measuring the Effects of Unconventional Monetary Policy on Asset Prices

NBER Working Paper No. w21816
Number of pages: 25 Posted: 21 Dec 2015
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 23 (544,120)
Citation 2

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21.

Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates

NBER Working Paper No. w20486
Number of pages: 40 Posted: 15 Sep 2014
Eric T. Swanson and John C. Williams
University of California, Irvine - Department of Economics and Federal Reserve Bank of New York
Downloads 23 (544,120)
Citation 39

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22.

The Relative Price and Relative Productivity Channels for Aggregate Fluctuations

Number of pages: 40 Posted: 26 Jul 2007
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 23 (544,120)

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The Fed's Response to Economic News Explains the 'Fed Information Effect'

CESifo Working Paper No. 8151
Number of pages: 63 Posted: 11 Mar 2020
Michael Bauer and Eric T. Swanson
Universität Hamburg and University of California, Irvine - Department of Economics
Downloads 19 (588,936)

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Federal Reserve, forecasts, survey, Blue Chip, Delphic forward guidance

The Fed's Response to Economic News Explains the "Fed Information Effect"

NBER Working Paper No. w27013
Number of pages: 62 Posted: 20 Apr 2020 Last Revised: 29 Apr 2020
Michael Bauer and Eric T. Swanson
Universität Hamburg and University of California, Irvine - Department of Economics
Downloads 3 (710,223)
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24.

Real Wage Cyclicality in the Panel Study of Income Dynamics

Scottish Journal of Political Economy, Vol. 54, Issue 5, pp. 617-647, November 2007
Number of pages: 31 Posted: 05 Nov 2007
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 16 (588,295)
Citation 3
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25.

Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets

NBER Working Paper No. w23311
Number of pages: 44 Posted: 10 Apr 2017
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 15 (594,797)
Citation 14

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26.

The Fed’s Response to Economic News Explains the ‘Fed Information Effect’

Number of pages: 61 Posted: 03 Apr 2020
Michael Bauer and Eric T. Swanson
Universität Hamburg and University of California, Irvine - Department of Economics
Downloads 11 (622,003)

Abstract:

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Federal Reserve, forecasts, survey, Blue Chip, Delphic forward guidance

27.

Monetary Policy Effectiveness in China: Evidence from a FAVAR Model

NBER Working Paper No. w20518
Number of pages: 43 Posted: 30 Sep 2014
John G. Fernald, Mark M. Spiegel and Eric T. Swanson
Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco - Economic Research Department and University of California, Irvine - Department of Economics
Downloads 11 (622,003)
Citation 4

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28.

The Federal Reserve is Not Very Constrained by the Lower Bound on Nominal Interest Rates

NBER Working Paper No. w25123
Number of pages: 17 Posted: 08 Oct 2018
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 6 (656,804)
Citation 8

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29.

Implications of Labor Market Frictions for Risk Aversion and Risk Premia

NBER Working Paper No. w25764
Number of pages: 51 Posted: 22 Apr 2019
Eric T. Swanson
University of California, Irvine - Department of Economics
Downloads 5 (663,984)
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