1. Home
  2. Economic Research
  3. Meet the Researchers

Meet the Researchers

Photo of Elena Afanasyeva

Elena Afanasyeva

Principal Economist Financial and Macroeconomic Stability Studies Section Financial Stability
[email protected]

Education

  • Ph.D., Economics, Goethe University Frankfurt, 2014
  • M.Sc., Quantitative Economics, Goethe University Frankfurt, 2010
Current Research Topics
  • Macro Models with Financial Sector
  • Imperfect Information in Macro Models
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2023 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2020 - 2023
  • Economist

    Board of Governors of the Federal Reserve System

    2017 - 2020
  • Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance
    Elena Afanasyeva, Sam Jerow, Seung Jung Lee, and Michele Modugno
    Journal of Financial Stability (Forthcoming)
    https://doi.org/10.1016/j.jfs.2020.100839
    See also » FRB Working Paper (2020)
  • Can Forecast Errors Predict Financial Crises? Exploring the Properties of a New Multivariate Credit Gap
    Elena Afanasyeva
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.045
  • Bank Market Power and the Risk Channel of Monetary Policy
    Elena Afanasyeva and Jochen Güntner
    Journal of Monetary Economics (2020)
    https://doi.org/10.1016/j.jmoneco.2019.01.029
    See also » FRB Working Paper (2018)
  • The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation
    Elena Afanasyeva, Seung Jung Lee, Michele Modugno, and Francisco Palomino
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2253
  • The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Quantitative Exploration
    Elena Afanasyeva, Seung Jung Lee, Michele Modugno, and Francisco Palomino
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2254
  • New Methods for Macro-Financial Model Comparison and Policy Analysis
    Volker Wieland, Elena Afanasyeva, Meguy Kuete, and Jinhyuk Yoo
    Handbook of Macroeconomics (2016)
    https://doi.org/10.1016/bs.hesmac.2016.04.004
  • Lending Standards, Credit Booms, and Monetary Policy
    Elena Afanasyeva and Jochen Güntner
    Economics Working Papers (Hoover Institution) (2015)
  • From a Soviet Past to a European Future? Political and Economic Developments in Ukraine
    Elena Afanasyeva, Felix Hammermann, and Rainer Schweickert
    International Journal of Economics (2007)
Conference Organization

  • May 9-10, 2024 | Federal Reserve Board

    FRB Conference on the Macroeconomic Seeds of Financial Imbalances

    Co-Organizer

  • May 30-31, 2019 | Federal Reserve Board

    Developments in Empirical Macroeconomics

    Co-Organizer

  • April 6-7, 2020 | FRBNY

    Developments in Empirical Macroeconomics (postponed)

    Co-Organizer

Referee
  • Journal of Monetary Economics
  • Review of Economic Dynamics
  • Journal of Money, Credit and Banking
  • Journal of Economic Dynamics and Control
  • Macroeconomic Dynamics
  • IMF Economic Review
  • Journal of Empirical Finance
  • Journal of Macroeconomics
  • European Economic Review
  • Journal of Forecasting
  • Bank of Spain Working Paper Series
Professional Affiliation
  • American Economic Association
  • European Economic Association
  • Econometric Society
  • Macro-Finance Society
Back to Top
Last Update: December 1, 2023