default author photo

Walker Ray

Federal Reserve Bank of Chicago

230 South LaSalle Street

Chicago, IL 60604

United States

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • Federal Reserve Bank of Chicago

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

4

DOWNLOADS

509

TOTAL CITATIONS

6

Scholarly Papers (4)

Actions:
Email selected abstracts
1.

Polarized Expectations, Polarized Consumption

Number of pages: 79 Posted: 20 Oct 2022 Last Revised: 25 Oct 2023
Rupal Kamdar and Walker Ray
Indiana University, Bloomington and Federal Reserve Bank of Chicago
Downloads 256 (316,532)

Abstract:

Loading...

expectations, voting, consumption

2.

QT Versus QE: Who is in When the Central Bank is Out?

Bank of England Financial Stability Paper No. 1,108
Posted: 13 Feb 2025
Iryna Kaminska, Alexander P. Kontoghiorghes and Walker Ray
Bank of England, Bank of England and Federal Reserve Bank of Chicago
Downloads 161 (480,208)

Abstract:

Loading...

Quantitative easing, quantitative tightening, central bank auctions, monetary policy, monetary transmission mechanism, preferred habitat, gilt market

3.

A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

Downloads 48 (1,086,013)
Citation 6

A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

NBER Working Paper No. w29875
Number of pages: 88 Posted: 28 Mar 2022 Last Revised: 14 Apr 2023
Pierre-Olivier Gourinchas, Walker Ray and Dimitri Vayanos
University of California, Berkeley - Department of Economics, Federal Reserve Bank of Chicago and London School of Economics
Downloads 46 (1,131,842)

Abstract:

Loading...

A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

CEPR Discussion Paper No. DP17119
Number of pages: 78 Posted: 29 Mar 2022
Pierre-Olivier Gourinchas, Walker Ray and Dimitri Vayanos
University of California, Berkeley - Department of Economics, Federal Reserve Bank of Chicago and London School of Economics
Downloads 2 (1,657,086)
Citation 6
  • Add to Cart

Abstract:

Loading...

Exchange Rates, interest rates, Limits of arbitrage, monetary policy

4.

Land Reforms in Developing Financial Markets: Lessons from England's Land Enclosures 1750-1830

Number of pages: 60 Posted: 24 Apr 2026
Tomer Ifergane, Walker Ray, Karine van der Beek and Lior Farbman
Tel Aviv University - Eitan Berglas School of Economics, Federal Reserve Bank of Chicago, Ben-Gurion University of the Negev and Ben-Gurion University of the Negev
Downloads 44 (1,372,601)

Abstract:

Loading...

Land Privatization, Enclosures, Collateral Constraints, Financial Development, Bankruptcy, Industrial Revolution E44