Photo of Gustavo A. Suarez

Gustavo A. Suarez

Education

  • Ph.D., Economics, Harvard University, 2005
  • M.A., Economics, Harvard University, 2003
  • B.A., Economics, Universidad de Los Andes, 1998
Current Research Topics
  • Monetary Policy and Financial Markets
  • Short-term Credit Markets
  • Assistant director

    Board of Governors of the Federal Reserve System

    2018 - present
  • Chief, Capital Markets

    Board of Governors of the Federal Reserve System

    2014 - 2020
  • Senior economist

    Board of Governors of the Federal Reserve System

    2010 - 2014
  • Visiting scholar

    Research Department, International Monetary Fund

    2011
  • Economist

    Board of Governors of the Federal Reserve System

    2005 - 2010
  • Economist

    Banco de la Republica

    1998 - 2000
  • Monetary Policy and the Corporate Bond Market: How Important is the Fed Information Effect?
    Michael Smolyansky and Gustavo Suarez
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.010
  • Why Isn’t Business Investment More Sensitive to Interest Rates? Evidence from Surveys
    Steven A. Sharpe and Gustavo A. Suarez
    Management Science (2021)
    https://doi.org/10.1287/mnsc.2019.3473
  • U.S. Corporations' Repatriation of Offshore Profits: Evidence from 2018
    Michael Smolyansky, Gustavo Suarez, and Alexandra Tabova
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2396
  • Accounting for Racial Wealth Disparities in the United States
    Jeffrey P. Thompson and Gustavo A. Suarez
    Research Department Working Paper (Federal Reserve Bank of Boston) (2019)
    https://doi.org/10.29412/res.wp.2019.13
  • U.S. Corporations' Repatriation of Offshore Profits
    Michael Smolyansky, Gustavo Suarez, and Alexandra Tabova
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2239
  • Updating the Racial Wealth Gap
    Jeffrey P. Thompson and Gustavo A. Suarez
    Finance and Economics Discussion Series (2017)
    https://doi.org/10.17016/FEDS.2015.076r1
  • Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States
    Giovanni DellAriccia, Luc Laeven, and Gustavo Suarez
    Journal of Finance (2017)
    https://doi.org/10.1111/jofi.12467
  • Dynamic Debt Runs and Financial Fragility: Evidence from the 2007 ABCP Crisis
    Enrique Schroth, Gustavo A. Suarez, and Lucian A. Taylor
    Journal of Financial Economics (2014)
    https://doi.org/10.1016/j.jfineco.2014.01.002
  • Sovereign Credit Risk, Banks' Government Support, and Bank Stock Returns around the World
    Ricardo Correa, Kuan-Hui Lee, Horacio Sapriza, and Gustavo A. Suarez
    Journal of Money, Credit and Banking (2014)
    https://doi.org/10.1111/jmcb.12080
    See also » FRB Working Paper (2012)
  • The Evolution of a Financial Crisis: Collapse of the Asset-Backed Commercial Paper Market
    Daniel Covitz, Nellie Liang, and Gustavo A. Suarez
    Journal of Finance (2013)
    https://doi.org/10.1111/jofi.12023
    See also » FRB Working Paper (2009)
  • Securitization without Risk Transfer
    Viral V. Acharya, Philipp Schnabl, and Gustavo Suarez
    Journal of Financial Economics (2013)
    https://doi.org/10.1016/j.jfineco.2012.09.004
  • How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
    Burcu Duygan-Bump, Patrick Parkinson, Eric Rosengren, Gustavo A. Suarez, and Paul Willen
    Journal of Finance (2013)
    https://doi.org/10.1111/jofi.12011
  • Capital Crimes: Kidnappings and Corporate Investment in Colombia
    Gustavo A. Suarez and Rony Pshisva
    Economics of Crime: Lessons for and from Latin America (2010)
  • Política Fiscal. Un Enfoque de Tributación Optima (Fiscal Policy: An Optimal Taxation Approach)
    Gustavo A. Suarez and Leopoldo Fergusson
    Universidad de los Andes (2010)
  • How Effective were the Federal Reserve Emergency Liquidity Facilities?: Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
    Burcu Duygan-Bump, Patrick M. Parkinson, Eric S. Rosengren, Gustavo A. Suarez, and Paul S. Willen
    Quantitative Analysis Unit Working Paper (2010)
  • Firm Volatility and Banks: Evidence from U.S. Banking Deregulation
    Ricardo Correa and Gustavo A. Suarez
    Finance and Economics Discussion Series (2009)
    https://doi.org/10.17016/FEDS.2009.46
  • Bootstrap Validity for the Score Test When Instruments May Be Weak
    Marcelo J. Moreira, Jack R. Porter, and Gustavo A. Suarez
    Journal of Econometrics (2009)
    https://doi.org/10.1016/j.jeconom.2008.10.008
  • 'Captive Markets': The Impact of Kidnappings on Corporate Investment in Colombia
    Rony Pshisva and Gustavo A. Suarez
    Finance and Economics Discussion Series (2006)
    https://doi.org/10.17016/FEDS.2006.18
Referee
  • Journal of Finance
  • Review of Financial Studies
  • Review of Finance
  • Journal of Financial Intermediation
  • Quarterly Journal of Economics
  • Journal of Monetary Economics
  • Journal of the European Economic Association
  • Economic Journal
  • Journal of Business and Economics Statistics
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Last Update: December 18, 2023