Photo of Antulio N. Bomfim

Antulio N. Bomfim

Education

  • M.Sc., Mathematical Finance, University of Oxford (UK), 2002
  • Ph.D., Economics, University of Maryland, 1992
  • M.A., Economics, University of Maryland, 1990
Current Research Topics
  • Term Structure of Interest Rates
  • Monetary Policy
  • Senior Adviser

    Board of Governors of the Federal Reserve System

    2016 - present
  • Senior Managing Director/Co-Head of Monetary Policy Insights

    Macroeconomic Advisers

    2011 - 2015
  • Managing Director

    Macroeconomic Advisers

    2010 - 2011
  • Senior Economist

    Macroeconomic Advisers

    2009 - 2010
  • Portfolio Manager/Co-Head of Interest Rate Strategy

    OFI Institutional Asset Management (OppenheimerFunds)

    2003 - 2009
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2001 - 2003
  • Economist

    Board of Governors of the Federal Reserve System

    1992 - 2001
  • Bomfim, Antulio N. (2015). "Understanding Credit Derivatives and Related Instruments, Second Edition," Academic Press/Elsevier.
  • Bomfim, Antulio N. (2004). "The (Widening) U.S. Current Account Deficit: Implications for the Interest Rate Outlook," OFI Institutional Asset Management.
  • Bomfim, Antulio N. (2004). "Understanding Credit Derivatives and Related Instruments, First Edition," Academic Press/Elsevier.
  • Bomfim, Antulio N. (2003). "Pre-announcement Effects, News Effects, and Volatility: Monetary Policy and the Stock Market," Journal of Banking and Finance, vol. 27, no. 1, pp. 133-151.
  • Bomfim, Antulio N. (2003). "Optimal Portfolio Allocation in a World Without Treasury Securities," Journal of Asset Management, vol. 4, no. 1, pp. 10-21.
  • Bomfim, Antulio N. (2003). "Counterparty Credit Risk in Interest Rate Swaps during Times of Market Stress," Finance and Economics Discussion Series 2003-09. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (2003). "Interest Rates as Options: Assessing the Markets' View of the Liquidity Trap," Finance and Economics Discussion Series 2003-45. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (2003). "Monetary Policy and the Yield Curve," Finance and Economics Discussion Series 2003-15. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (2002). "Credit Derivatives and Their Potential to Synthesize Riskless Assets," Journal of Fixed Income, vol. 12, no. 3, pp. 6-16.
  • Bomfim, Antulio N. (2001). "Heterogeneous Forecasts and Aggregate Dynamics," Journal of Monetary Economics, vol. 47, no. 1, pp. 145-161.
  • Bomfim, Antulio N. (2001). "Measurement Error in General Equilibrium: The Aggregate Effects of Noisy Economic Indicators," Journal of Monetary Economics, vol. 48, no. 3, pp. 585-603.
  • Bomfim, Antulio N. (2001). "Measuring Equilibrium Real Interest Rates: What Can We Learn From Yields on Indexed Bonds?" Journal of Fixed Income, vol. 11, no. 3, pp. 61-69.
  • Bomfim, Antulio N. (2001). "Optimal Portfolio Allocation in a World Without Treasury Securities," Finance and Economics Discussion Series 2001-11. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (2001). "Understanding Credit Derivatives and Their Potential to Synthesize Riskless Assets," Finance and Economics Discussion Series 2001-50. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (2001). "Measuring Equilibrium Real Interest Rates: What Can We Learn From Yields on Indexed Bonds?" Finance and Economics Discussion Series 2001-53. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and Glenn D. Rudebusch (2000). "Opportunistic and Deliberate Disinflation under Imperfect Credibility," Journal of Money, Credit, and Banking, vol. 32, no. 4, pp. 707-721.
  • Bomfim, Antulio N. (2000). "Heterogeneous Forecasts and Aggregate Dynamics," Finance and Economics Discussion Series 2000-16. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (2000). "Pre-Announcement Effects, News, and Volatility: Monetary Policy and the Stock Market," Finance and Economics Discussion Series 2000-50. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and Vincent R. Reinhart (2000). "Making News: Financial Market Effects of Federal Reserve Disclosure Practices," Finance and Economics Discussion Series 2000-14. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and William R. Nelson (1999). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 1998," Federal Reserve Bulletin, vol. 85, no. 6, pp. 369-395.
  • Bomfim, Antulio N. (1999). "Do Noisy Data Exacerbate Cyclical Volatility?" Finance and Economics Discussion Series 1999-50. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (1999). "Measurement Error in General Equilibrium: The Aggregate Effects of Noisy Economic Indicators," Finance and Economics Discussion Series 1999-54. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and Flint Brayton (1998). "Long-Run Inflation Expectations and Monetary Policy," in Topics in Monetary Policy Modelling. BIS Conference Papers, no. 6. Basel: Bank for International Settlements, pp. 153-165.
  • Bomfim, Antulio N., and Glenn D. Rudebusch (1998). "Opportunistic and Deliberate Disinflation under Imperfect Credibility," Finance and Economics Discussion Series 1998-01. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and Francis X. Diebold (1997). "Bounded Rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers," Economic Journal, vol. 107, no. 444, pp. 1358-1374.
  • Bomfim, Antulio N. (1997). "The Equilibrium Fed Funds Rate and the Indicator Properties of Term-Structure Spreads," Economic Inquiry, vol. 35, no. 4, pp. 830-846.
  • Bomfim, Antulio N., Robert Tetlow, Peter von zur Muehlen, and John Williams (1997). "Expectations, Learning, and the Costs of Disinflation: Experiments Using the FRB/US Model," in Monetary Policy and the Inflation Process. BIS Conference Papers, no. 4. Basel: Bank for International Settlements, pp. 222-243.
  • Bomfim, Antulio N. (1996). "'Forecasting the Forecasts of Others:' Expectational Heterogeneity and Aggregate Dynamics," Finance and Economics Discussion Series 1996-41. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and Francis X. Diebold (1996). "Bounded Rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers," NBER Working Paper 5482. National Bureau of Economic Research.
  • Bomfim, Antulio N. (1995). "The Equilibrium Fed Funds Rate and the Indicator Properties of Term-Structure Spreads," Finance and Economics Discussion Series 1995-40. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio, and Anwar Shah (1994). "Macroeconomic Management and the Division of Powers in Brazil: Perspectives for the 1990s," World Development, vol. 22, no. 4, pp. 535-542.
  • Bomfim, Antulio N. (1993). "Forecast-Heterogeneity in the Business Cycle: Small Deviations from Rationality, Large Dynamic Effects," Finance and Economics Discussion Series 1993-2. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N. (1992). "Strategic Complementarities and Business Cycles: Essays in Dynamic Macroeconomics," Ph.D. dissertation, University of Maryland.
  • Bomfim, Antulio N., and Francis X. Diebold (1992). "Near-rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers," Finance and Economics Discussion Series 205. Board of Governors of the Federal Reserve System (U.S.).
  • Bomfim, Antulio N., and Anwar Shah (1991). "Macroeconomic Management and the Division of Powers in Brazil: Perspectives for the Nineties," Policy Research Working Paper Series 567. The World Bank.
Last update: June 19, 2017