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Photo of John C. Driscoll

John C. Driscoll

Senior Economist

Banking Analysis Section

Monetary Affairs


john.c.driscoll@frb.gov
Education
  • Ph.D., Economics, Harvard University, 1995
  • M.A., Economics, Harvard University, 1992
  • S.B., Physics and Economics, Massachusetts Institute of Technology, 1990
  • Current Research Topics

  • Macroeconomic Effects of Bank Lending
  • Consumer Credit
    • Economist

      Board of Governors of the Federal Reserve System

    • 2002 - present
    • Assistant Professor of Economics

      Brown University

    • 1995 - 2002
    • Faculty Research Fellow

      National Bureau of Economic Research

    • 1999 - 2002
    • Adjunct Professor

      The Johns Hopkins University

    • 2004 - present
    • Senior Economist

      Council of Economic Advisers

    • 2004 - 2005
  • Driscoll, John C., and Steinar Holden (2014). "Behavioral Economics and Macroeconomic Models," Finance and Economics Discussion Series 2014-43. Board of Governors of the Federal Reserve System (U.S.).
  • Bassett, William F., Mary Beth Chosak, John C. Driscoll, and Egon Zakrajsek (2014). "Changes in Bank Lending Standards and the Macroeconomy," Journal of Monetary Economics, vol. 62, pp. 23-40.
  • Agarwal, Sumit, John C. Driscoll, and David I. Laibson (2013). "Optimal Mortgage Refinancing: A Closed-Form Solution," Journal of Money, Credit, and Banking, vol. 45, no. 4, pp. 591-622.
  • Driscoll, John C., and Ruth A. Judson (2013). "Sticky Deposit Rates," Finance and Economics Discussion Series 2013-80. Board of Governors of the Federal Reserve System (U.S.).
  • Driscoll, John C., and Steinar Holden (2012). "Fairness and Inflation Persistence," in McDonald, Ian M. ed., Elgar Research Collection. International Library of Critical Writings in Economics, vol. 265. Cheltenham, U.K. and Northampton, Mass.: Elgar, pp. 259-270.
  • Agarwal, Sumit, Souphala Chomsisengphet, and John C. Driscoll (2011). "How do Private Firms use Credit Lines?" Economic Perspectives, vol. 35, no. 2, pp. 71-79.
  • Buch, Claudia M., John C. Driscoll, and Charlotte Ostergaard (2010). "Cross-Border Diversification in Bank Asset Portfolios," International Finance, vol. 13, no. 1, pp. 79-108.
  • Agarwal, Sumit, John C. Driscoll, Xavier Gabaix, and David Laibson (2009). "The Age of Reason: Financial Decisions Over the Life-Cycle with Implications for Regulation," Brookings Papers on Economic Activity, no. 2, pp. 51-117.
  • Agarwal, Sumit, John C. Driscoll, Xavier Gabaix, and David Laibson (2008). "Learning in the Credit Card Market," NBER Working Papers 13822. National Bureau of Economic Research, Inc.
  • Driscoll, John C. (2004). "Does Bank Lending Affect Output? Evidence from the U.S. States," Journal of Monetary Economics, vol. 51, no. 3, pp. 451-471.
  • Driscoll, John C., and Steinar Holden (2004). "Fairness and Inflation Persistence," Journal of the European Economic Association, vol. 2, no. 2-3, pp. 240-251.
  • Driscoll, John C., and Harumi Ito (2003). "Sticky Prices, Coordination and Enforcement," Topics in Macroeconomics, Vol. 3, no. 1.
  • Driscoll, John C., and Steinar Holden (2003). "Coordination, Fair Treatment and Inflation Persistence," Finance and Economics Discussion Series 2003-34. Board of Governors of the Federal Reserve System (U.S.).
  • Holden, Steinar, and John C. Driscoll (2003). "Inflation Persistence and Relative Contracting," American Economic Review, vol. 93, no. 4, pp. 1369-1372.
  • Driscoll, John C. (2002). "Credit Effects in the Monetary Mechanism: Commentary," Federal Reserve Bank of New York Economic Policy Review, vol. 8, no. 1, pp. 237-241.
  • Driscoll, John C., and Aart C. Kraay (1998). "Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data," Review of Economics and Statistics, vol. 80, no. 4, pp. 549-560.
  • Driscoll, John Christopher (1995). "Essays on Money," Ph.D dissertation, Harvard University.
  • Rotemberg, Julio J., John C. Driscoll, and James M. Poterba (1995). "Money, Output, and Prices: Evidence from a New Monetary Aggregate," Journal of Business and Economic Statistics, vol. 13, no. 1, pp. 67-83.
  • conference

    September 2013

    FRS System Committee Meeting on Financial Regulation

    Bank Capital and Liquidity Regulation

  • conference

    September 2012

    FRB-Philadelphia Payments Center Conference

    Panel Discussion on Learning in Consumer Credit

  • discussion

    January 2012

    ASSA Meetings

    Discussion of Stango and ZInman, "Borrowing High vs. Borrowing Higher"

  • seminar

    November 2011

    Federal Trade Commission

    Learning in the Credit Card Market

  • conference

    November 2011

    Federal Reserve Conference on Liquidity Regulation

    The Macroeconomic Impact of Adding Liquidity Regulations to Bank Capital Regulations

  • discussion

    March 2011

    B.E. Journal/FRB-SF Conference on Geography and Macroeconomics

    Discussion of "Banking Conditions and the Effects of Monetary Policy"

  • conference

    January 2011

    Econometric Society Meetings

    Identifying the Macroeconomic Effects of Bank Lending Supply Shocks

  • conference

    January 2011

    Federal Reserve Day-Ahead Conference

    Identifying the Macroeconomic Effects of Bank Lending Supply Shocks

  • conference

    September 2010

    Bundesbank/FRB-Cleveland Conference on Household Finance

    Learning in the Credti Card Market

  • seminar

    February 2010

    American University

    Learning in the Credit Card Market

  • conference

    November 2009

    NBER Monetary Economics Conference

    Sticky Deposit Rates

Awards

  • 2010

    TIAA-CREF

    Paul Samuelson Award Certificate of Excellence

  • 2013

    The Johns Hopkins University

    Excellence in Teaching

Referee

  • The American Economic Review
  • The Quarterly Journal of Economics
  • Journal of Political Economy
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking
  • Review of Economics and Statistics

Professional Affiliation

  • American Economic Association
  • Econometric Society
  • International Banking, Economics, and Finance Association (IBEFA)
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Last update: August 8, 2014