Contact Information
202-452-2385
seth.b.carpenter@frb.gov

Fields of Interest
Monetary Policy
Financial Markets

Education
Ph.D., Economics, Princeton University, 1997
M.A., Economics, Princeton University, 1994
B.A., French and Economics, The College of William and Mary, 1992

Professional Experience
Board of Governors of the Federal Reserve System, 1999-present
Visiting Professor, Duke University, 2005-2006
Adjunct Professor, The Johns Hopkins University, 2005
Adjunct Professor, The George Washington University, 2000
Assistant Professor, The College of William and Mary, 1997-1999

Selected Publications

• '' The Liquidity Effect in the Federal Funds Market: Evidence from Daily Open Market Operations '' (with Selva Demiralp), Journal of Money, Credit, and Banking , vol. 38 (June 2006), pp. 901-920.
• ''Anticipation of Monetary Policy and Open Market Operations'' (with Selva Demiralp), International Journal of Central Banking, vol. 2 (June 2006), pp. 25-63.
• Transparency and Monetary Policy: What does the Academic Literature tell Policymakers?, Finance and Economics Discussion Series 2004-35. Washington: Board of Governors of the Federal Reserve System, 2004.
• ''The Disparate Labor Market Impact of Monetary Policy'' (with William M. Rodgers, III), Journal of Policy Analysis and Management, vol. 23 (Fall 2004), pp. 813-30.
• Money Demand and Equity Markets (with Joe Lange), Finance and Economics Discussion Series 2003-3. Washington: Board of Governors of the Federal Reserve System, 2003.
• ''Household Participation in Formal and Informal Savings Mechanisms: Evidence from Pakistan'' (with Robert T. Jensen), Review of Development Economics, vol. 6 (October 2002), pp. 314-28.
• Capital Requirements, Business Loans, and Business Cycles: An Empirical Analysis of the Standardized Approach in the New Basel Capital Accord (with William Whitesell and Egon Zakrajsek), Finance and Economics Discussion Series 2001-48. Washington: Board of Governors of the Federal Reserve System, 2001.
• ''Informal Credit Markets and the Transmission of Monetary Policy: Evidence from South Korea,'' Review of Development Economics, vol. 3 (October 1999), pp. 323-35.