Research Staff and Resources

Contact Information
john.c.driscoll@frb.gov

Fields of Interest
Macroeconomics
Banking and Financial Institutions
Consumer Finance

Education
Ph.D., Economics, Harvard University, 1995
M.A., Economics, Harvard University, 1992
S.B., Physics and Economics, M.I.T., 1990

Professional Experience
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

Selected Publications

• ''The Age of Reason: Financial Decisions Over the Life-Cycle with Implications for Regulation'' (with Sumit Agarwal, Xavier Gabaix, and David Laibson), Brookings Papers on Economic Activity (forthcoming).
• ''Cross-Border Diversification in Bank Asset Portfolios'' (with Claudia M. Buch and Charlotte Ostergaard), International Finance (forthcoming).
• ''Learning in the Credit Card Market'' (with Sumit Agarwal, Xavier Gabaix, and David Laibson), NBER Working Paper, vol. 13822 (February 2008).
• ''Optimal Mortgage Refinancing: A Closed Form Solution'' (with Sumit Agarwal and David Laibson), NBER Working Paper, vol. 13487 (October 2007).
• ''Fairness and Inflation Persistence'' (with Steinar Holden), Journal of the European Economic Association, vol. 2 (April 2004), pp. 240-52.
• ''Does Bank Lending Affect Output? Evidence from the U.S. States,'' Journal of Monetary Economics, vol. 51 (April 2004), pp. 451-71.
• ''Inflation Persistence and Relative Contracting'' (with Steinar Holden), American Economic Review, vol. 93 (September 2003), pp. 1369-72.
• ''Sticky Prices, Coordination and Enforcement'' (with Harumi Ito), Topics in Macroeconomics, vol. 3 (September 2003).
• ''Commentary,'' Federal Reserve Bank of New York Economic Policy Review, vol. 8 (May 2002), pp. 237-41.
• ''Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data'' (with Aart C. Kraay), Review of Economics and Statistics, vol. 80 (November 1998), pp. 549-60.
• ''Money, Output and Prices: Evidence from a New Monetary Aggregate'' (with Julio J. Rotemberg and James M. Poterba), Journal of Business & Economic Statistics, vol. 13 (January 1995), pp. 67-83.
• Coordination, Fair Treatment and Inflation Persistence (with Steinar Holden), Finance and Economics Discussion Series 2003-34. Washington: Board of Governors of the Federal Reserve System, 2003.
• Loan Commitments and Private Firms (with Sumit Agarwal and Souphala Chomsisengphet), Finance and Economics Discussion Series 2004-27. Washington: Board of Governors of the Federal Reserve System, 2004.