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Photo of Edmund S. Crawley

Edmund S. Crawley

Senior Economist Monetary Studies Section Monetary Affairs
202-872-7594
[email protected]

Education

  • Ph.D., Economics, Johns Hopkins University, 2019
  • M.A., International Development, Harvard Kennedy School, 2011
  • M.A., Mathematics, University of Cambridge, 2005
Current Research Topics
  • Household Consumption
  • Monetary Policy Transmission
  • Economist

    Board of Governors of the Federal Reserve System

    2019 - present
  • Quantitative Engineer

    International Monetary Fund

    2012 - 2014
  • Vice President

    Nomura International Plc

    2005 - 2009
  • Failure of Silicon Valley Bank Reduced Local Consumer Spending but Had Limited Effect on Aggregate Spending
    Edmund S. Crawley, Taeyoung Doh, and Minchul Shin
    KC FED Economic Bulletin (2023)
  • Winners and losers from recent asset price changes
    Edmund Crawley and William Gamber
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3287
  • Welfare and Spending Effects of Consumption Stimulus Policies
    Christopher Carroll, Edmund Crawley, Ivan Frankovic, and Håkon Tretvoll
    Finance and Economics Discussion Series (2023)
    https://doi.org/10.17016/FEDS.2023.002
  • Consumption Heterogeneity: Micro Drivers and Macro Implications
    Edmund Crawley and Andreas Kuchler
    American Economic Journal: Macroeconomics (2023)
    https://doi.org/10.1257/mac.20200352
    See also » FRB Working Paper (2020)
  • Substitutability between Balance Sheet Reductions and Policy Rate Hikes: Some Illustrations and a Discussion
    Edmund Crawley, Etienne Gagnon, James Hebden, and James Trevino
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3147
  • A Parsimonious Model of Idiosyncratic Income
    Edmund Crawley, Martin Blomhoff Holm, and Håkon Tretvoll
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.026
  • Modeling the Consumption Response to the CARES Act
    Christopher D. Carroll, Edmund Crawley, Jiri Slacalek, and Matthew N. White
    International Journal of Central Banking (2021)
    See also » FRB Working Paper (2020)
  • Modeling the Consumption Response to the CARES Act
    Christopher D. Carroll, Edmund Crawley, Jiri Slacalek, and Matthew N. White
    NBER Working Paper Series (2020)
    https://doi.org/10.3386/w27876
    See also » FRB Working Paper (2020)
  • Sticky Expectations and Consumption Dynamics
    Christopher D. Carroll, Edmund Crawley, Jiri Slacalek, Kiichi Tokuoka, and Matthew N. White
    American Economic Journal: Macroeconomics (2020)
    https://doi.org/10.1257/mac.20180286
  • In Search of Lost Time Aggregation
    Edmund Crawley
    Economics Letters (2020)
    https://doi.org/10.1016/j.econlet.2020.108998
    See also » FRB Working Paper (2019)
  • Modeling the Consumption Response to the CARES Act
    Christopher D. Carroll, Edmund Crawley, Jiri Slacalek, and Matthew N. White
    Covid Economics (2020)
    See also » FRB Working Paper (2020)
  • Consumption Heterogeneity: Micro Drivers and Macro Implications
    Edmund Crawley and Andreas Kuchler
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.005
  • Sticky Expectations and Consumption Dynamics
    Christopher D. Carroll, Edmund Crawley, Jiri Slacalek, Kiichi Tokuoka, and Matthew N. White
    NBER Working Paper Series (2018)
    https://doi.org/10.3386/w24377
  • Comment: When Inequality Matters for Macro and Macro Matters for Inequality
    Christopher D. Carroll and Edmund Crawley
    NBER Macroeconomics Annual Book Series (2017)
    https://doi.org/10.1086/696047
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Last Update: December 1, 2023