Stephan Luck

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

  • Federal Reserve Bank of New York

SCHOLARLY PAPERS

19

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94,982

SSRN CITATIONS
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Top 4,000

in Total Papers Citations

347

CROSSREF CITATIONS

74

Scholarly Papers (19)

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1.

Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu

Number of pages: 124 Posted: 03 Aug 2022
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 86,566 (21)
Citation 561

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1918 Flu Pandemic, non-pharmaceutical interventions (NPI), real economy

2.

The Effects of Banking Competition on Growth and Financial Stability: Evidence from the National Banking Era

Number of pages: 94 Posted: 16 Jul 2018 Last Revised: 13 Sep 2021
Mark A. Carlson, Sergio Correia and Stephan Luck
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 1,390 (24,761)
Citation 30

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Banking, Banking Competition, Risk Taking, Credit Provision, Real Effects, Financial Crisis, Panic of 1893, Economic History, National Banking Era

3.

The Valuation of Collateral in Bank Lending

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 50 Posted: 20 Oct 2019 Last Revised: 20 Sep 2023
Stephan Luck and João A. C. Santos
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 1,337 (26,189)
Citation 10

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collateral, collateral pricing, bank lending, macro-finance

4.

The Debt-Inflation Channel of the German Hyperinflation

Downloads 1,189 (31,134)
Citation 1

The Debt-Inflation Channel of the German Hyperinflation

Number of pages: 90 Posted: 30 Dec 2022 Last Revised: 26 May 2023
Markus K. Brunnermeier, Sergio Correia, Stephan Luck, Emil Verner and Tom Zimmermann
Princeton University - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Cologne
Downloads 1,181 (30,954)

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Inflation, macro-finance, macroeconomics, financial frictions, hyperinflation, economic history

The Debt-Inflation Channel of the German Hyperinflation

NBER Working Paper No. w31298
Number of pages: 42 Posted: 05 Jun 2023 Last Revised: 09 Jul 2023
Markus K. Brunnermeier, Sergio Correia, Stephan Luck, Emil Verner and Tom Zimmermann
Princeton University - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Cologne
Downloads 8 (1,036,934)
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5.

Banks, Shadow Banking, and Fragility

ECB Working Paper No. 1726
Number of pages: 39 Posted: 23 Aug 2014
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 966 (41,844)
Citation 3

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shadow banking, regulatory arbitrage, financial crisis, bank runs, maturity transformation

6.

Employment Effects of Unconventional Monetary Policy: Evidence from QE

Downloads 911 (45,446)
Citation 30

Employment Effects of Unconventional Monetary Policy: Evidence from QE

Number of pages: 81 Posted: 19 Jul 2017 Last Revised: 16 Dec 2018
Stephan Luck, Tom Zimmermann and Tom Zimmermann
Federal Reserve Bank of New York and University of CologneQuantCo, Inc.
Downloads 812 (52,369)
Citation 6

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monetary policy, employment, real effects, large scale asset purchases, quantitative easing

Employment Effects of Unconventional Monetary Policy: Evidence from QE

FEDS Working Paper No. 2018-71
Number of pages: 79 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Stephan Luck and Tom Zimmermann
Federal Reserve Bank of New York and University of Cologne
Downloads 99 (461,685)
Citation 31

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7.

Bank Liquidity Provision Across the Firm Size Distribution

Downloads 804 (53,839)
Citation 57

Bank Liquidity Provision Across the Firm Size Distribution

Number of pages: 89 Posted: 11 Oct 2020 Last Revised: 26 Apr 2021
Gabriel Chodorow-Reich, Olivier Darmouni, Stephan Luck and Matthew C. Plosser
Harvard University Department of Economics, Columbia University - Columbia Business School, Finance, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 668 (67,794)
Citation 7

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Liquidity Provision, Macro-Finance, Credit, Financial Constraints, Loan Terms, Banking, Credit Lines, COVID-19

Bank Liquidity Provision across the Firm Size Distribution

FRB of New York Staff Report No. 942
Number of pages: 69 Posted: 21 Oct 2020
Gabriel Chodorow-Reich, Olivier Darmouni, Stephan Luck and Matthew C. Plosser
Harvard University Department of Economics, Columbia University - Columbia Business School, Finance, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 76 (542,295)
Citation 4

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liquidity provision, macro-finance, credit, financial constraints, loan terms, banking, credit lines, COVID-19

Bank Liquidity Provision Across the Firm Size Distribution

NBER Working Paper No. w27945
Number of pages: 82 Posted: 14 Oct 2020 Last Revised: 11 May 2023
Gabriel Chodorow-Reich, Olivier Darmouni, Stephan Luck and Matthew C. Plosser
Harvard University Department of Economics, Columbia University - Columbia Business School, Finance, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 60 (617,296)
Citation 46

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8.

Micro-Evidence From a System-Wide Financial Meltdown: The German Crisis of 1931

Number of pages: 58 Posted: 15 Aug 2019 Last Revised: 16 Jun 2020
Kristian Blickle, Markus K. Brunnermeier and Stephan Luck
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 458 (109,609)
Citation 5

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bank runs, financial crisis, banking panics, banking regulation

9.

Bank Funding Risk, Reference Rates, and Credit Supply

Downloads 454 (110,972)
Citation 2

Bank Funding Risk, Reference Rates, and Credit Supply

Number of pages: 75 Posted: 31 Dec 2022 Last Revised: 02 Dec 2023
Harry Cooperman, Darrell Duffie, Stephan Luck, Zachry Wang and Yilin (David) Yang
Stanford University Graduate School of Business, Stanford University - Graduate School of Business, Federal Reserve Bank of New York, Stanford Graduate School of Business and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 400 (127,513)
Citation 2

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Bank funding risk, credit supply, reference rates, credit lines, London Interbank Offered Rate (LIBOR), Secured Overnight Financing Rate (SOFR)

Bank Funding Risk, Reference Rates, and Credit Supply

FRB of New York Staff Report No. 1042, Rev. February 2023
Number of pages: 64 Posted: 23 Dec 2022 Last Revised: 02 Feb 2023
Harry Cooperman, Darrell Duffie, Stephan Luck, Zachry Wang and Yilin (David) Yang
Stanford University Graduate School of Business, Stanford University - Graduate School of Business, Federal Reserve Bank of New York, Stanford Graduate School of Business and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 54 (650,724)

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bank funding risk, credit supply, reference rates, credit lines, London Interbank Offered Rate (LIBOR), Secured Overnight Financing Rate (SOFR)

10.

Inefficient Liquidity Creation

Number of pages: 43 Posted: 07 Feb 2018 Last Revised: 19 Sep 2022
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 249 (211,666)
Citation 1

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banking; macroprudential regulation; liquidity creation; fire sales; pecuniary externalities; shadow banking; regulatory arbitrage

11.

Did QE Lead to Lax Bank Lending Standards? Evidence from the Federal Reserve's LSAPs

Number of pages: 48 Posted: 11 May 2017 Last Revised: 05 Jul 2017
Robert J. Kurtzman, Stephan Luck, Tom Zimmermann and Tom Zimmermann
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and University of CologneQuantCo, Inc.
Downloads 228 (230,652)
Citation 4

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QE, Banks, Risk, SLOOS, STBL

12.

Sovereign Defaults, Bank Runs, and Contagion

MPI Collective Goods Preprint, No. 2014/15
Number of pages: 32 Posted: 25 Sep 2014
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 93 (474,254)
Citation 1

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bank run, financial crisis, sovereign default, vicious cycle, financial contagion, banking union, deposit insurance

13.

Outside Liquidity, Rollover Risk, and Government Bonds

MPI Collective Goods Preprint, No. 2014/14
Number of pages: 40 Posted: 25 Sep 2014
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 90 (487,451)
Citation 1

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liquidity provision, liquidity mismatch, bank run, roll-over freeze, outside liquidity, government bonds, liquidity regulation

14.

Digitizing Historical Balance Sheet Data: A Practitioner's Guide

Number of pages: 31 Posted: 07 Apr 2022
Sergio Correia and Stephan Luck
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 79 (523,857)
Citation 4

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OCR, Data Extraction, Balance Sheets

15.

Did QE Lead Banks to Relax Their Lending Standards? Evidence from the Federal Reserve's Lsaps

FEDS Working Paper No. 2017-93
Number of pages: 49 Posted: 11 Sep 2017
Robert J. Kurtzman, Stephan Luck, Tom Zimmermann and Tom Zimmermann
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and University of CologneQuantCo, Inc.
Downloads 69 (565,089)
Citation 10

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Banks, QE, Risk, SLOOS, Survey of Terms of Business Lending

16.

Who Can Tell Which Banks Will Fail?

Downloads 65 (583,186)
Citation 2

Who Can Tell Which Banks Will Fail?

FRB of New York Staff Report No. 1005
Number of pages: 42 Posted: 02 Mar 2022 Last Revised: 19 Jul 2022
Kristian Blickle, Markus K. Brunnermeier and Stephan Luck
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 54 (650,724)

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bank run, deposit insurance, financial crises

Who Can Tell Which Banks Will Fail?

NBER Working Paper No. w29753
Number of pages: 73 Posted: 14 Feb 2022 Last Revised: 19 Apr 2023
Kristian Blickle, Markus K. Brunnermeier and Stephan Luck
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 11 (1,007,597)
Citation 2

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17.

Failing Banks

Number of pages: 100
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 25

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bank failures, financial crises

18.

Bank Funding Risk, Reference Rates, and Credit Supply

NBER Working Paper No. w30907
Number of pages: 76 Posted: 06 Feb 2023 Last Revised: 14 Jun 2023
Harry Cooperman, Darrell Duffie, Stephan Luck, Zachry Wang and Yilin (David) Yang
Federal Reserve Banks - Federal Reserve Bank of New York, Stanford University - Graduate School of Business, Federal Reserve Bank of New York, Stanford Graduate School of Business and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 9 (990,555)
Citation 1
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19.

Inflating Away the Debt: The Debt-Inflation Channel of German Hyperinflation

Liberty Street Economics
Posted: 13 Jul 2023
Markus K. Brunnermeier, Sergio Correia, Stephan Luck, Emil Verner and Tom Zimmermann
Princeton University - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Cologne

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hyperinflation, debt-inflation, macro-finance