Photo of David P. Glancy

David P. Glancy

Education

  • Ph.D., Economics, Brown University, 2016
  • M.A., Economics, Brown University, 2011
  • B.A., Economics, Clark University, 2010
Current Research Topics
  • Commercial Real Estate
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2022 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2019 - 2022
  • Economist

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Determinants of Recent CRE Distress: Implications for the Banking Sector
    David Glancy and Robert Kurtzman
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.072
  • CRE Redevelopment Options and the Use of Mortgage Financing
    David Glancy, Robert Kurtzman, and Lara Loewenstein
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.046
  • The 2023 Banking Turmoil and the Bank Term Funding Program
    David Glancy, Felicia Ionescu, Elizabeth Klee, Antonis Kotidis, Michael Siemer, and Andrei Zlate
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.045
  • On Commercial Construction Activity’s Long and Variable Lags
    David Glancy, Robert J. Kurtzman, and Lara Loewenstein
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.016
  • Recourse as shadow equity: Evidence from commercial real estate loans
    David Glancy, Robert Kurtzman, Lara Loewenstein, and Joseph Nichols
    Real Estate Economics (2023)
    https://doi.org/10.1111/1540-6229.12450
    See also » FRB Working Paper (2021)
  • Bank Relationships and the Geography of PPP Lending
    David Glancy
    Finance and Economics Discussion Series (2023)
    https://doi.org/10.17016/FEDS.2023.014
  • Intermediary Segmentation in the Commercial Real Estate Market
    David Glancy, John R. Krainer, Robert J. Kurtzman, and Joseph B. Nichols
    Journal of Money, Credit and Banking (2022)
    https://doi.org/10.1111/jmcb.12889
    See also » FRB Working Paper (2019)
  • Loan Modifications and the Commercial Real Estate Market
    David P. Glancy, Robert J. Kurtzman, and Lara Loewenstein
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.050
  • Drivers of Bank Supply of Business Loans
    Andrew Castro, David Glancy, and Felicia Ionescu
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3059
  • What Happens When Banks Tighten C&I Loan Supply?
    Andrew Castro, David Glancy, Felicia Ionescu, and Greg Marchal
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3058
  • How Do Capital Requirements Affect Loan Rates? Evidence from High Volatility Commercial Real Estate
    David Glancy and Robert Kurtzman
    Review of Corporate Finance Studies (2022)
    https://doi.org/10.1093/rcfs/cfab013
    See also » FRB Working Paper (2018)
  • Recourse as Shadow Equity: Evidence from Commercial Real Estate Loans
    David Glancy, Robert Kurtzman, Lara Loewenstein, and Joseph Nichols
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.079
  • Housing Bust, Bank Lending and Employment: Evidence from Multimarket Banks
    David Glancy
    Journal of Banking & Finance (2021)
    https://doi.org/10.1016/j.jbankfin.2021.106111
    See also » FRB Working Paper (2017)
  • How Did Banks Fund C&I Drawdowns at the Onset of the COVID-19 Crisis?
    David Glancy, Max Gross, and Felicia Ionescu
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2601
  • An Aggregate View of Bank Lending Standards and Demand
    David Glancy, Robert Kurtzman, and Rebecca Zarutskie
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2546
  • Essays on Local Banking Markets and the Capital Crunch during the Great Recession
    David P. Glancy
    Dissertations (Brown University) (2016)
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Last Update: September 16, 2024