Francois R. Velde

Federal Reserve Bank of Chicago

230 South LaSalle Street

Economic Research

Chicago, IL 60604-1413

United States

SCHOLARLY PAPERS

19

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Top 17,913

in Total Papers Downloads

4,039

SSRN CITATIONS
Rank 9,806

SSRN RANKINGS

Top 9,806

in Total Papers Citations

84

CROSSREF CITATIONS

43

Scholarly Papers (19)

1.

Following the Yellow Brick Road: How the United States Adopted the Gold Standard

Number of pages: 17 Posted: 21 Apr 2003
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 1,003 (32,025)

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2.

What Happened to the Us Economy During the 1918 Influenza Pandemic? A View Through High-Frequency Data

FRB of Chicago Working Paper No. WP 2020-11
Number of pages: 53 Posted: 29 Apr 2020 Last Revised: 23 Jun 2021
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 777 (45,576)
Citation 2

Abstract:

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1918 Flu Pandemic, Covid-19, Labor Supply

3.

Government Equity and Money: John Law's System in 1720 France

Number of pages: 64 Posted: 16 Mar 2004
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 482 (83,784)
Citation 13

Abstract:

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ohn Law, government equity, bubble, debt conversion

Why Have Interest Rates Fallen Far Below the Return on Capital

BIS Working Paper No. 794
Number of pages: 39 Posted: 12 Aug 2019
Magali Marx, Benoît Mojon and Francois R. Velde
Banque de France, Bank for International Settlements (BIS) and Federal Reserve Bank of Chicago
Downloads 152 (267,989)
Citation 1

Abstract:

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secular stagnation, interest rates, risk, return on capital

Why Have Interest Rates Fallen Far Below the Return on Capital

FRB of Chicago Working Paper No. WP-2018-1
Number of pages: 36 Posted: 14 Feb 2018 Last Revised: 29 Apr 2020
Magali Marx, Benoit Mojon and Francois R. Velde
Banque de France, Banque de France and Federal Reserve Bank of Chicago
Downloads 76 (432,716)
Citation 2

Abstract:

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Interest rates, secular stagnation, risk, return on capital

Why Have Interest Rates Fallen Far Below the Return on Capital

Banque de France Working Paper No. 630
Number of pages: 29 Posted: 10 Jun 2017
Magali Marx, Benoît Mojon and Francois R. Velde
Banque de France, Bank for International Settlements (BIS) and Federal Reserve Bank of Chicago
Downloads 55 (511,340)
Citation 14

Abstract:

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secular stagnation, interest rates, risk, return on capital

5.

The Recession of 1937: A Cautionary Tale

Economic Perspectives, Vol. 33, No. 4, pp. 16-37, 2009
Number of pages: 22 Posted: 14 Dec 2009
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 270 (158,854)

Abstract:

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recession of 1937, Business Fluctuations, Cycles, Economic History, U.S., Canada

6.
Downloads 205 (206,917)
Citation 5

Early Public Banks

FRB of Chicago Working Paper No. 2014-03
Number of pages: 98 Posted: 22 Feb 2014
William Roberds and Francois R. Velde
Federal Reserve Bank of Atlanta and Federal Reserve Bank of Chicago
Downloads 141 (284,677)
Citation 3

Abstract:

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central banks, exchange banks, public banks

Early Public Banks

FRB Atlanta Working Paper No. 2014-9
Number of pages: 93 Posted: 04 Apr 2015
William Roberds and Francois R. Velde
Federal Reserve Bank of Atlanta and Federal Reserve Bank of Chicago
Downloads 64 (474,773)
Citation 4

Abstract:

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central banks, exchange banks, public banks

7.

Avoiding a Meltdown: Managing the Value of Small Change

Economic Perspectives, Vol. 32, No. 1, 2008
Number of pages: 12 Posted: 25 Feb 2008
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 151 (268,661)

Abstract:

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small change; denomination; minting and melting points; coinage; token; Monetary Systems; Standards; Regimes; Government and the Monetary System; Money Supply; Credit; Money Multipliers

8.

The Case of the Undying Debt

FRB of Chicago Working Paper No. 2009-12
Number of pages: 42 Posted: 01 Dec 2009
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 150 (270,112)

Abstract:

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life annuities, government debt, default, Bouillon

9.

An Alternative Measure of Inflation

Economic Perspectives, 2006
Number of pages: 11 Posted: 08 Mar 2006
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 148 (273,082)

Abstract:

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core inflation, Kalman filter, state space models, Forecasting and Simulation

10.

The Crime of 1873: Back to the Scene

Number of pages: 37 Posted: 13 May 2003
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 140 (285,271)
Citation 3

Abstract:

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Bimetallism, monometallism, commodity money, exchange rate indeterminacy

11.

Chronicles of a Deflation Unforetold

Federal Reserve Bank of Chicago Research Paper Series
Number of pages: 74 Posted: 05 Dec 2006
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 116 (327,872)
Citation 13

Abstract:

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monetary policy, price and wage rigidities, deflation, recession

12.

The Life and Times of Nicolas Dutot

FRB of Chicago Working Paper No. 2009-10
Number of pages: 73 Posted: 13 Nov 2009
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 61 (479,575)

Abstract:

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Dutot, biography, early monetary theory, history of price indices, pre-classical economic thought

13.

On the Evolution of Specie: Circulation and Weight Loss in 18th and 19th Century Coinage

Banque de France Working Paper No. 422
Number of pages: 56 Posted: 09 Feb 2013
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 56 (499,115)
Citation 20

Abstract:

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coin circulation, coin wear, abrasion, velocity, denomination, gold, silver

14.

An Analysis of Revenues at the Comédie Française, 1680-1793

FRB of Chicago Working Paper No. WP-2017-24
Number of pages: 53 Posted: 08 Feb 2020
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 50 (524,703)

Abstract:

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Entertainment industry, history of theater, oligopoly, France, Paris, Comédie Française

15.

Lottery Loans in the Eighteenth Century

FRB of Chicago Working Paper No. WP-2018-7
Number of pages: 40 Posted: 25 Feb 2019 Last Revised: 29 Apr 2020
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 47 (538,145)

Abstract:

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Lotteries, behavioral finance, cumulative prospect theory, Great Britain, government debt

16.
Downloads 45 (547,693)
Citation 3

Money, Banking, and Old-School Historical Economics

FRB of Chicago Working Paper No. 2020-28
Number of pages: 39 Posted: 17 Nov 2020
Eric Monnet and Francois R. Velde
Paris School of Economics (PSE) and Federal Reserve Bank of Chicago
Downloads 45 (558,437)

Abstract:

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historical macroeconomics, money, banking, financial intermediation

Money, Banking, and Old-School Historical Economics

CEPR Discussion Paper No. DP15348
Number of pages: 40 Posted: 03 Nov 2020
Eric Monnet and Francois R. Velde
Paris School of Economics (PSE) and Federal Reserve Bank of Chicago
Downloads 0
Citation 2
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Banking, Causality, Financial Intermediation, historical macroeconomics, money

17.

Money, Banking, and Old-School Historical Economics

FRB of Chicago Working Paper No. WP-2020-28
Number of pages: 39 Posted: 14 Jun 2021
Eric Monnet and Francois R. Velde
Banque de France and Federal Reserve Bank of Chicago
Downloads 38 (583,146)

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historical macroeconomics, money, banking, financial intermediation

18.

A Model of Economic Activity in San Francisco During the 1918 Influenza Epidemic

FRB of Chicago Working Paper No. 2022-04
Number of pages: 32 Posted: 24 Mar 2022
Francois R. Velde
Federal Reserve Bank of Chicago
Downloads 17 (726,544)

Abstract:

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1918 influenza epidemic, San Francisco, public transportation, non-pharmaceutical interventions, SIR macro model, policy evaluation, counterfactuals

19.

A Model of Bimetallism

Posted: 03 Apr 2001
Francois R. Velde and Warren E. Weber
Federal Reserve Bank of Chicago and Federal Reserve Bank of Minneapolis

Abstract:

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