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Borghan Narajabad

Board of Governors of the Federal Reserve System

Principal Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

19

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Top 33,825

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3,780

TOTAL CITATIONS
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Top 10,397

in Total Papers Citations

49

Scholarly Papers (19)

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1.

Federal Home Loan Banks and Financial Stability

Harvard Public Law Working Paper No. 22-20
Number of pages: 54 Posted: 23 Jun 2022 Last Revised: 21 Jul 2022
Stefan Gissler, Borghan Narajabad and Daniel K. Tarullo
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Harvard Law School
Downloads 796 (77,668)
Citation 5

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2.

Self-Fulfilling Runs: Evidence from the U.S. Life Insurance Industry

Downloads 687 (94,702)
Citation 13

Self-Fulfilling Runs: Evidence from the U.S. Life Insurance Industry

Number of pages: 73 Posted: 24 Oct 2014 Last Revised: 07 Jan 2020
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 294 (256,204)

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Shadow banking, self-fulfilling runs, life insurance companies, funding agreement-backed securities

Self-Fulfilling Runs: Evidence from the U.S. Life Insurance Industry

Number of pages: 73 Posted: 18 Oct 2015 Last Revised: 07 Jan 2020
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 272 (279,200)
Citation 9

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Shadow banking, self-fulfilling runs, life insurance companies, funding agreement-backed securities

Self-Fulfilling Runs: Evidence from the U.S. Life Insurance Industry

FEDS Working Paper No. 2015-32r1, http://dx.doi.org/10.17016/FEDS.2015.032r1
Number of pages: 51 Posted: 31 May 2015
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 121 (602,987)
Citation 4

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Shadow banking, self-fulfilling runs, life insurance companies, funding agreement-backed securities

3.

Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry

Downloads 455 (160,805)
Citation 5

Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry

Number of pages: 61 Posted: 02 Dec 2015 Last Revised: 07 Jan 2020
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 286 (269,858)
Citation 3

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securities lending, wholesale funding, corporate bonds, repo, interest rate risk management, life insurers

Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry

NBER Working Paper No. w22774
Number of pages: 40 Posted: 31 Oct 2016 Last Revised: 25 Mar 2023
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 (737,592)
Citation 2

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Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry

FEDS Working Paper No. 2016-050
Number of pages: 38 Posted: 27 Jun 2016
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 77 (840,816)

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Securities lending, Wholesale funding, Life insurers, Market liquidity

4.

Providing Safety in a Rush: How Did Shadow Banks Respond to a $1 Trillion Shock

Number of pages: 55 Posted: 05 Jun 2020 Last Revised: 02 Aug 2023
Stefan Gissler, Marco Macchiavelli and Borghan Narajabad
Board of Governors of the Federal Reserve System, Isenberg School of Management and Board of Governors of the Federal Reserve System
Downloads 308 (246,050)
Citation 4

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money markets, safe assets, shadow banks, interest rate risk, covid-19

5.

Intraday Liquidity Management and the Value of Flexibility

Number of pages: 37 Posted: 18 Oct 2025
Borghan Narajabad
Board of Governors of the Federal Reserve System
Downloads 284 (269,245)

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Fed Funds, FHLB, Liquidity, Intraday Liquidity, Bank Indicators

6.

Supply of Private Safe Assets: Interplay of Shadow and Traditional Banks

Number of pages: 39 Posted: 08 Mar 2018 Last Revised: 09 Oct 2019
Stefan Gissler and Borghan Narajabad
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 282 (269,245)
Citation 2

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safe assets, shadow banking, money market reform, Federal Home Loan Banks

7.

Who Limits Arbitrage?

Number of pages: 51 Posted: 18 Apr 2019 Last Revised: 25 Feb 2026
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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 226 (340,701)

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limits of arbitrage, securities lending, life insurers, corporate bonds, market

8.

Renewable Technology Adoption and the Macroeconomy

CESifo Working Paper Series No. 6372
Number of pages: 26 Posted: 27 Mar 2017
Bernardino Adão, Borghan Narajabad and Ted P. Loch-Temzelides
Banco de Portugal, Board of Governors of the Federal Reserve System and Rice University
Downloads 165 (461,984)

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9.

Innovation and Horizontal Differentiation in a Continuous-Time Hotelling Model

Number of pages: 28 Posted: 08 Jul 2008
Borghan Narajabad and Randal Watson
Board of Governors of the Federal Reserve System and University of Texas at Austin - Department of Economics
Downloads 145 (511,933)

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Innovation, horizontal differentiation, Markov-perfect equilibria

10.

Robust Dynamic Optimal Taxation and Environmental Externalities

Downloads 133 (551,165)
Citation 13

Robust Dynamic Optimal Taxation and Environmental Externalities

FEDS Working Paper No. 2014-75
Number of pages: 38 Posted: 31 May 2017
Xin Li, Borghan Narajabad and Theodosios Temzelides
International Monetary Fund (IMF), Board of Governors of the Federal Reserve System and Rice University
Downloads 74 (855,765)

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Climate change, optimal dynamic taxation, uncertainty, robust

Robust Dynamic Optimal Taxation and Environmental Externalities

FEDS Working Paper No. 2014-75
Number of pages: 38 Posted: 17 Oct 2014
Xin Li, Borghan Narajabad and Ted P. Loch-Temzelides
International Monetary Fund (IMF), Board of Governors of the Federal Reserve System and Rice University
Downloads 59 (996,491)
Citation 13

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Climate change, optimal dynamic taxation, uncertainty, robustness

11.

Why Rent When You Can Buy?

FEDS Working Paper No. 2017-094
Number of pages: 57 Posted: 28 Sep 2017
Cyril Monnet and Borghan Narajabad
University of Bern and Board of Governors of the Federal Reserve System
Downloads 132 (554,631)
Citation 3

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Bargaining, Bilateral matching, Over-the-counter market, Rent, Repo, Security lending, directed search

12.

Renewable Technology Adoption Costs and Economic Growth

Downloads 104 (669,616)
Citation 4

Renewable Technology Adoption Costs and Economic Growth

FEDS Working Paper No. 2022-45
Number of pages: 47 Posted: 21 Jul 2022
Bernardino Adão, Borghan Narajabad and Ted Temzelides
Banco de Portugal, Board of Governors of the Federal Reserve System and Rice University
Downloads 72 (871,518)
Citation 3

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Technology adoption, Scrapping, Energy transition, Climate, Dynamic taxation

Renewable Technology Adoption Costs and Economic Growth

Number of pages: 49 Posted: 26 Aug 2022
Bernardino Adão, Borghan Narajabad and Ted P. Loch-Temzelides
Banco de Portugal, Board of Governors of the Federal Reserve System and Rice University
Downloads 32 (1,326,242)
Citation 1

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H21, O14, O33, Q54, Q55

13.

Robust Dynamic Optimal Taxation and Environmental Externalities

CESifo Working Paper Series No. 4562
Number of pages: 34 Posted: 28 Jan 2014
Xin Li, Borghan Narajabad and Ted P. Loch-Temzelides
Rice University - Department of Economics, Board of Governors of the Federal Reserve System and Rice University
Downloads 63 (942,565)

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14.

Monitoring Reserve Scarcity Through Nonbank Cash Lenders

FEDS Notes No. 2025-03-28-4
Posted: 11 Apr 2025
Stefan Gissler, Samuel Hempel, R. Jay Kahn, Patrick E. McCabe and Borghan Narajabad
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

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15.

Assessing the Size of the Risks Posed by Life Insurers' Nontraditional Liabilities

FEDS Notes No. 2019-05-21-1
Posted: 26 Jul 2019
Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani
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

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16.

The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 3: Implications for Financial Stability

FEDS Notes No. 2017-10-16-3 https://doi.org/10.17016/2380-7172.2094
Posted: 16 Oct 2017
Stefan Gissler and Borghan Narajabad
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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17.

The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 2: Recent Trends and Potential Drivers

FEDS Notes No. 2017-10-18-2 https://doi.org/10.17016/2380-7172.2093
Posted: 16 Oct 2017
Stefan Gissler and Borghan Narajabad
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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18.

The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 1: Background

FEDS Notes No. 2017-10-18-1 https://doi.org/10.17016/2380-7172.2070
Posted: 16 Oct 2017
Stefan Gissler and Borghan Narajabad
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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19.

Funding Agreement-Backed Securities in the Enhanced Financial Accounts

FEDS Notes No. 2016-08-05-2 http://dx.doi.org/10.17016/2380-7172.1823
Posted: 22 Oct 2016
Stephane Verani, Maria G. Perozek, Borghan Narajabad, Ralf Meisenzahl and Nathan Foley-Fisher
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and Board of Governors of the Federal Reserve System

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