Martin Bodenstein

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

25

DOWNLOADS

1,730

SSRN CITATIONS
Rank 9,312

SSRN RANKINGS

Top 9,312

in Total Papers Citations

127

CROSSREF CITATIONS

49

Scholarly Papers (25)

1.

Oil Shocks and External Adjustment

FRB International Finance Discussion Paper No. 897
Number of pages: 56 Posted: 26 Jul 2007
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 220 (254,025)
Citation 41

Abstract:

Loading...

Oil-price shocks, trade, DSGE models

2.

Political Yardstick Competition, Economic Integration, and Constitutional Choice in a Federation

Number of pages: 30 Posted: 01 Aug 2001
Martin Bodenstein and Heinrich W. Ursprung
Board of Governors of the Federal Reserve System and University of Konstanz
Downloads 162 (334,115)

Abstract:

Loading...

Economic Integration, Federalism, Political Economy, Yardstick Competition

3.

Closing Open Economy Models

FRB International Finance Discussion Paper No. 896
Number of pages: 62 Posted: 23 Nov 2006
Martin Bodenstein
Board of Governors of the Federal Reserve System
Downloads 127 (406,069)
Citation 5

Abstract:

Loading...

multiple equilibria, stationarity, incomplete markets

4.

Alternative Strategies: How Do They Work? How Might They Help?

FEDS Working Paper No. 2020-68
Number of pages: 31 Posted: 01 Sep 2020
Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 120 (423,580)
Citation 8

Abstract:

Loading...

Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse than You Think?

FRB of New York Staff Report No. 230
Number of pages: 33 Posted: 26 Nov 2005
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 65 (633,667)
Citation 5

Abstract:

Loading...

time inconsistency, independent monetary policy, exchange rate regimes

Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse than You Think?

FRB International Finance Discussion Paper No. 865
Number of pages: 39 Posted: 03 Nov 2006
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 44 (762,977)
Citation 1

Abstract:

Loading...

time inconsistency, independent monetary policy, exchange rate regimes

6.

Macroeconomic Policy Games

FEDS Working Paper No. 2014-87
Number of pages: 58 Posted: 16 Nov 2014
Martin Bodenstein, Luca Guerrieri and Joe LaBriola
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and University of California, Berkeley
Downloads 100 (483,556)
Citation 13

Abstract:

Loading...

Optimal policy, strategic interaction, welfare analysis, monetary policy cooperation, marcroprudential regulation

Commodity Prices and Labour Market Dynamics in Small Open Economies

FEDS Working Paper No. 2017-039
Number of pages: 50 Posted: 12 Apr 2017
Martin Bodenstein, Gunes Kamber and Christoph Thoenissen
Board of Governors of the Federal Reserve System, Université Paris I Panthéon-Sorbonne and University of Sheffield
Downloads 49 (728,348)
Citation 2

Abstract:

Loading...

Commodity prices, Search and matching, Unemployment

Commodity Prices and Labour Market Dynamics in Small Open Economies

CAMA Working Paper No. 24/2016
Number of pages: 61 Posted: 04 May 2016
Martin Bodenstein, Güneş Kamber and Christoph Thoenissen
Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS) - Monetary and Economic Department and University of Sheffield
Downloads 36 (824,438)

Abstract:

Loading...

commodity prices, search and matching unemployment

The Effects of Foreign Shocks When Interest Rates are at Zero

FRB International Finance Discussion Paper No. 983r
Number of pages: 35 Posted: 17 Nov 2009
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 81 (558,368)
Citation 1

Abstract:

Loading...

Zero lower bound, spillover effects, DSGE models

The Effects of Foreign Shocks When Interest Rates are at Zero

CEPR Discussion Paper No. DP8006
Number of pages: 55 Posted: 14 Nov 2010
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 4 (1,134,878)
Citation 4
  • Add to Cart

Abstract:

Loading...

DSGE models, spillover effects, zero lower bound

The Elusive Gains from Nationally-Oriented Monetary Policy

International Finance Discussion Paper No. 1271
Number of pages: 61 Posted: 15 Jun 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
Downloads 40 (793,042)
Citation 1

Abstract:

Loading...

The Elusive Gains from Nationally Oriented Monetary Policy

Robert Schuman Centre for Advanced Studies Research Paper No. RSC 25, 2023
Number of pages: 100 Posted: 13 Mar 2023
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
Downloads 39 (800,615)

Abstract:

Loading...

Monetary policy cooperation, global imbalances. open-loop Nash games

The Elusive Gains from Nationally-Oriented Monetary Policy

CEPR Discussion Paper No. DP14359
Number of pages: 62 Posted: 11 Feb 2020
Giancarlo Corsetti, Martin Bodenstein and Luca Guerrieri
European University Institute, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 2 (1,151,612)
  • Add to Cart

Abstract:

Loading...

global imbalances, monetary policy cooperation, open-loop Nash games

10.

International Asset Markets and Real Exchange Rate Volatility

FRB International Finance Discussion Paper No. 884
Number of pages: 45 Posted: 26 Feb 2007
Martin Bodenstein
Board of Governors of the Federal Reserve System
Downloads 76 (572,791)
Citation 6

Abstract:

Loading...

limited enforcement, Backus-Smith puzzle, asset prices

11.

Social Distancing and Supply Disruptions in a Pandemic

FEDS Working Paper No. 2020-31
Number of pages: 52 Posted: 18 May 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
Downloads 70 (599,489)
Citation 2

Abstract:

Loading...

Infectious disease; Epidemic; Recession; COVID-19

12.

Can U.S. Monetary Policy Fall (Again) into an Expectation Trap?

FRB of New York Staff Report No. 229, FRB International Finance Discussion Paper No. 860
Number of pages: 46 Posted: 26 Nov 2005
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 66 (618,273)
Citation 3

Abstract:

Loading...

expectation traps, monetary policy discretion, inflation

13.

Optimal Monetary Policy with Distinct Core and Headline Inflation Rates

FRB International Finance Discussion No. 941
Number of pages: 48 Posted: 01 Nov 2008
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 65 (623,292)
Citation 15

Abstract:

Loading...

Energy-price shocks, monetary policy tradeoffs, DSGE models

14.

Trade Elasticity of Substitution and Equilibrium Dynamics

Board of Governors of the Federal Reserve System, International Finance Discussion Paper No. 934
Number of pages: 53 Posted: 10 Jul 2008
Martin Bodenstein
Board of Governors of the Federal Reserve System
Downloads 60 (648,892)
Citation 7

Abstract:

Loading...

multiple equilibria, linearization, DSGE models

15.

Global Flight to Safety, Business Cycles, and the Dollar

International Finance Discussion Paper No. 1381
Number of pages: 70 Posted: 09 Oct 2023
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, 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 58 (659,613)

Abstract:

Loading...

Econometrics and economic theory, International economics, Macroeconomic activity

16.

Employment, Wages and Optimal Monetary Policy

FEDS Working Paper No. 2017-091
Number of pages: 55 Posted: 07 Sep 2017
Martin Bodenstein and Junzhu Zhao
Board of Governors of the Federal Reserve System and Central University of Finance and Economics (CUFE) - China Economics and Management Academy
Downloads 54 (682,066)
Citation 1

Abstract:

Loading...

Model uncertainty, Optimal monetary policy, Optimal targeting rules, Search and matching, Sticky wages

17.

Learning and Misperception: Implications for Price-Level Targeting

FEDS Working Paper No. 2019-78
Number of pages: 41 Posted: 27 Nov 2019
Martin Bodenstein, James Hebden and Fabian Winkler
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 52 (693,668)
Citation 4

Abstract:

Loading...

18.

Oil Shocks and the Zero Bound on Nominal Interest Rates

FRB International Finance Discussion Paper No. 1009
Number of pages: 52 Posted: 14 Nov 2010
Martin Bodenstein, Luca Guerrieri and Christopher Gust
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 48 (718,562)
Citation 11

Abstract:

Loading...

Oil Shocks, zero lower bound, DSGE models

19.

Of Nutters and Doves

FRB International Finance Discussion Paper No. 885
Number of pages: 32 Posted: 26 Feb 2007
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 39 (779,957)

Abstract:

Loading...

Monetary policy, inflation targeting, rules versus discretion

20.

On Targeting Frameworks and Optimal Monetary Policy

FEDS Working Paper No. 2017-098
Number of pages: 87 Posted: 26 Sep 2017
Martin Bodenstein and Junzhu Zhao
Board of Governors of the Federal Reserve System and Central University of Finance and Economics (CUFE) - China Economics and Management Academy
Downloads 37 (794,623)
Citation 2

Abstract:

Loading...

Delegation, Inflation targeting, Optimal monetary policy, Price level targeting, Speed limit policy

21.

On the GDP Effects of Severe Physical Hazards

International Finance Discussion Paper No. 1386
Number of pages: 35 Posted: 04 Mar 2024
Martin Bodenstein and Mikaël Scaramucci
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 15 (992,448)

Abstract:

Loading...

Climate-related risk, GDP growth, Natural hazards and disasters, Rare disasters, Vulnerability to climate impacts

22.

On the GDP Effects of Severe Physical Hazardson the GDP Effects of Severe Physical Hazards

Number of pages: 34 Posted: 16 Apr 2024
Martin Bodenstein and Mikael Scaramucci
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 1 (1,113,708)

Abstract:

Loading...

Climate-related risk, GDP growth, Natural hazards and disasters, Rare disasters, Vulnerability to climate impacts

23.

The Transmission of Global Risk

FEDS Notes No. 2023-06-27
Posted: 13 Jul 2023
Martin Bodenstein, Pablo Cuba-Borda and Albert Queralto
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

Abstract:

Loading...

24.

Forecasting During the Covid-19 Pandemic: A Structural Analysis of Downside Risk

FEDS Notes No. 2021-02-01-2
Posted: 09 Feb 2021
Martin Bodenstein, Pablo Cuba-Borda, Jay Faris and Nils Gornemann
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

Abstract:

Loading...

Imperfect Credibility and the Zero Lower Bound on the Nominal Interest Rate

International Finance Discussion Paper No. 1001
Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Martin Bodenstein, James Hebden and Ricardo Nunes
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and University of Surrey

Abstract:

Loading...

Imperfect Credibility and the Zero Lower Bound on the Nominal Interest Rate

Posted: 26 Jul 2010
Martin Bodenstein, James Hebden and Ricardo Nunes
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and University of Surrey

Abstract:

Loading...

Monetary policy, zero interest rate bound, commitment, liquidity trap