Contact Information
202-452-2383
christopher.j.gust@frb.gov

Fields of Interest
Macroeconomics
Open Economy Macroeconomics
Monetary Economics

Education
Ph.D., Macroeconomics, Northwestern University, 1999
B.S., Economics, University of Pennsylvania, 1989

Professional Experience
Board of Governors of the Federal Reserve System, 1998-present

Selected Publications

• ''International Competition and Inflation: A New Keynesian Perspective'' (with Luca Guerrieri and David Lopez-Salido), American Economic Journal: Macroeconomics (forthcoming).
• ''The Adjustment of Global External Balances: Does Partial Exchange-Rate Pass-Through Matter?'' (with Sylvain Leduc and Nathan Sheets), Journal of International Economics (forthcoming).
• ''The Transmission of Domestic Shocks in Open Economies'' (with Christopher J. Erceg and David Lopez-Salido), in Jordi Gali and Mark J. Gertler, eds., International Dimensions of Monetary Policy. Chicago, IL: University of Chicago Press, forthcoming.
• ''Trade Adjustment and the Composition of Trade'' (with Christopher J. Erceg and Luca Guerrieri), Journal of Economic Dynamics and Control, vol. 32 (August 2008), pp. 2622-2650.
• ''SIGMA: A New Open Economy Model for Policy Analysis'' (with Christopher J. Erceg and Luca Guerrieri), International Journal of Central Banking, vol. 2 (March 2006), pp. 1-50.
• ''Can Long Run Restrictions Identify Technology Shocks?'' (with Christopher J. Erceg and Luca Guerrieri), Journal of the European Economic Association, vol. 3 (December 2005), pp. 1237-1278.
• ''Expansionary Fiscal Shocks and the US Trade Deficit'' (with Christopher J. Erceg and Luca Guerrieri), International Finance, vol. 8 (Winter 2005), pp. 363-397.
• ''Monetary Policy in a Financial Crisis'' (with Lawrence J. Christiano and Jorge Roldos), Journal of Economic Theory, vol. 119 (2004), pp. 64-103.
• ''International Comparisons of Productivity Growth: The Role of Information Technology and Regulatory Practices'' (with Jaime Marquez), Labour Economics, vol. 11 (February 2002), pp. 33-58.
• ''International Comparisons of Productivity Growth: Recent Developments'' (with Jaime Marquez), Business Economics, vol. 36 (2001), pp. 55-62.
• ''The Expectations Trap Hypothesis'' (with Lawrence J. Christiano), Federal Reserve Bank of Chicago Economic Perspectives, vol. 24 (2000), pp. 21-39.
• ''Taylor Rules in a Limited Participation Model'' (with Lawrence J. Christiano), De Economist, vol. 147 (1999), pp. 437-460.