Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 1986 - present

• • Senior Economist/Principal Administrator

    Organization for Economic Cooperation and Development

  • 1999 - 2001

• • Research Assistant

    Board of Governors of the Federal Reserve System

  • 1981 - 1983

Publications

• Bowman, David, Etienne Gagnon, and Mike Leahy (2010). "Interest on Excess Reserves as a Monetary Policy Instrument: The Experience of Foreign Central Banks," International Finance Discussion Papers 996. Board of Governors of the Federal Reserve System (U.S.).
• Leahy, Michael P., Sebastian Schich, Gert Wehinger, Florian Pelgrin, and Thorsteinn Thorgeirsson (2001). "Contributions of Financial Systems to Growth in OECD Countries," OECD Economics Department Working Papers 280. Paris, France.
• Leahy, Michael P. (1998). "New Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84, no. 10, pp. 811-818.
• Leahy, Michael P. (1997). "Bank Positions and Forecasts of Exchange Rate Movements," in Schachter, Barry ed., Derivaties, Regulation and Banking. Amsterdam: Elsevier Science B.V., pp. 147-158.
• Leahy, Michael P. (1996). "The Dollar as an Official Reserve Currency Under EMU," Open Economies Review, vol. 7, no. 4, pp. 371-390.
• Leahy, Michael P., and Charles P. Thomas (1996). "The Sovereignty Option: The Quebec Referendum and Market Views on the Canadian Dollar," International Finance Discussion Papers 555. Board of Governors of the Federal Reserve System (U.S.).
• Leahy, Michael P. (1995). "The Profitability of US Intervention in the Foreign Exchange Markets," Journal of International Money and Finance, vol. 14, no. 6, pp. 823-844.
• Kole, Linda S., and Michael P. Leahy (1991). "The Usefulness of P* Measures for Japan and Germany," International Finance Discussion Papers 414. Board of Governors of the Federal Reserve System (U.S.).
• Leahy, Michael P. (1991). "Determining Foreign Exchange Risk and Bank Capital Requirements," International Finance Discussion Papers 400. Board of Governors of the Federal Reserve System (U.S.).
• Canzoneri, Matthew B., Peter Clark, Thomas Glaessner, and Michael P. Leahy (1984). "The Effects of Exchange-Rate Variability on Output and Employment," International Finance Discussion Papers 240. Board of Governors of the Federal Reserve System (U.S.).

Other Activities