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TheEconomists

Photo of Elizabeth C. Klee
202-721-4501
elizabeth.c.klee@frb.gov
Education
  • Ph.D., Economics, New York University, 2000
  • A.B., Economics, Princeton University, 1995
  • Current Research Topics

  • Monetary Policy Implementation
    • Economist

      Board of Governors of the Federal Reserve System

    • 2000 - present
  • Chen, Han, James A. Clouse, Jane Ihrig, and Elizabeth Klee (2014). "The Federal Reserve's Tools for Policy Normalization in a Preferred Habitat Model of Financial Markets," Finance and Economics Discussion Papers 2014-83. Board of Governors of the Federal Reserve System (U.S.).
  • Carpenter, Seth B., Jane Ihrig, Elizabeth Klee, Daniel W. Quinn, and Alexander H. Boote (2013). "The Federal Reserve's Balance Sheet and Earnings: A Primer and Projections," Finance and Economics Discussion Series 2013-01. Board of Governors of the Federal Reserve System (U.S.).
  • Carpenter, Seth B., Selva Demiralp, Jane Ihrig, and Elizabeth Klee (2013). "Analyzing Federal Reserve Asset Purchases: From Whom does the Fed Buy?" Finance and Economics Discussion Series 2013-32. Board of Governors of the Federal Reserve System (U.S.).
  • Bech, Morten L., Elizabeth Klee, and Viktors Stebunovs (2012). "Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets before, during, and Emerging from the Financial Crisis," Finance and Economics Discussion Series 2012-21. Board of Governors of the Federal Reserve System (U.S.).
  • Carpenter, Seth B., Jane Ihrig, Elizabeth Klee, Alexander H. Boote, and Daniel W. Quinn (2012). "The Federal Reserve's Balance Sheet: A Prime and Projections," Finance and Economics Discussion Series 2012-56. Board of Governors of the Federal Reserve System (U.S.).
  • Ihrig, Jane, Elizabeth Klee, Canlin Li, Brett Schulte, and Min Wei (2012). "Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates," Finance and Economics Discussion Series 2012-57. Board of Governors of the Federal Reserve System (U.S.).
  • Bech, Morten L., and Elizabeth Klee (2011). "The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market," Journal of Monetary Economics, vol. 58, no. 5, pp. 415-431.
  • Judson, Ruth, and Elizabeth Klee (2011). "Big Bank, Small Bank: Monetary Policy Implementation and Banks’ Reserve Management Strategies," Journal of economics and business, vol. 63, no. 4, pp. 306-328.
  • Judson, Ruth, and Elizabeth Klee (2010). "Whither the Liquidity Effect: The Impact of Federal Reserve Open Market Operations in Recent Years," Journal of Macroeconomics, vol. 32, no. 3, pp. 713-731.
  • Klee, Elizabeth (2010). "Operational Outages and Aggregate Uncertainty in the Federal Funds Market," Journal of Banking and Finance, vol. 34, no. 10, pp. 2386-2402.
  • Klee, Elizabeth (2008). "How People Pay: Evidence from Grocery Store Data," Journal of Monetary Economics, vol. 55, no. 3, pp. 526-541.
  • Klee, Elizabeth, and Lewis A. Kornhauser (2007). "Comparisons of the Incentive for Insolvency Under Different Legal Regimes," The Journal of Legal Studies, vol. 36, no. 1, pp. 141-170.
  • Klee, Elizabeth C., and Gretchen C. Weinbach (2006). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2005," Federal Reserve Bulletin, vol. 92, pp. A77-A108.
  • Klee, Elizabeth C., and Fabio M. Natalucci (2005). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2004," Federal Reserve Bulletin, vol. 91, no. 2, pp. 143-174.
  • Hayashi, Fumiko, and Elizabeth Klee (2003). "Technology Adoption and Consumer Payments: Evidence from Survey Data," Review of Network Economics, vol. 2, no. 2, pp. 126-190.
  • Klee, Elizabeth (2011). "The First Line of Defense: The Discount Window during the Early Stages of the Financial Crisis," Finance and Economics Discussion Series 2011-23. Board of Governors of the Federal Reserve System (U.S.).
  • Judson, Ruth, and Elizabeth Klee (2009). "A Study of U.S. Monetary Policy Implementation: Demand for Reserves on a Period Average Basis," Finance and Economics Discussion Series 2009-22. Board of Governors of the Federal Reserve System (U.S.).
  • Klee, Elizabeth (2006). "Families' use of Payment Instruments during a Decade of Change in the U.S. Payment System," Finance and Economics Discussion Series 2006-01. Board of Governors of the Federal Reserve System (U.S.).
  • Klee, Elizabeth (2006). "Paper Or Plastic? the Effect of Time on Check and Debt Card use at Grocery Stores," Finance and Economics Discussion Series 2006-02. Board of Governors of the Federal Reserve System (U.S.).

Awards

  • 2011

    Board of Governors of the Federal Reserve System

    Special Achievement Award

  • 1995

    New York University

    MacCracken Fellow

  • 1995

    Princeton University

    Cum Laude

Referee

  • International Journal of Central Banking
  • Journal of Banking and Finance
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking
  • Review of Economics and Statistics

Professional Affiliation

  • American Economic Association
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Last update: November 17, 2014