Meet the Researchers
Garth Baughman
Principal Economist
Payment System Studies Section
Reserve Bank Operations and Payment Systems
202-245-4208
[email protected]
[email protected]
Education
- Ph.D., Economics, University of Pennsylvania, 2015
- M.A., Economics, University of Pennsylvania, 2013
Current Research Topics
- Monetary Policy Implementation
- Financial Market Infrastructure
Principal Economist
Board of Governors of the Federal Reserve System
2023 - presentSenior Economist
Board of Governors of the Federal Reserve System
2021 - 2023Economist
Board of Governors of the Federal Reserve System
2015 - 2021
- Racial Unemployment Gaps and the Disparate Impact of the Inflation Tax
Mohammed Ait Lahcen, Garth Baughman, and and Hugo van Buggenum
Finance and Economics Discussion Series (2023)
https://doi.org/10.17016/FEDS.2023.017 - Global demand for basket-backed stablecoins
Garth Baughman and Jean Flemming
Review of Economic Dynamics (2023)
https://doi.org/10.1016/j.red.2022.05.003
See also » FRB Working Paper (2020) - A Simple Model of Voluntary Reserve Targets with Tolerance Bands
Garth Baughman and Francesca Carapella
Journal of Money, Credit and Banking (2023)
https://doi.org/10.1111/jmcb.12927
See also » FRB Working Paper (2019) - The stable in stablecoins
Garth Baughman, Francesca Carapella, Jacob Gerszten, and David Mills
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3224 - Nonlinear unemployment effects of the inflation tax
Mohammed Ait Lahcen, Garth Baughman, Stanislav Rabinovich, and Hugo van Buggenum
European Economic Review (2022)
https://doi.org/10.1016/j.euroecorev.2022.104247
See also » FRB Working Paper (2021) - The Financial Stability Implications of Digital Assets
Pablo D. Azar, Garth Baughman, Francesca Carapella, Jacob Gerszten, Arazi Lubis, JP Perez-Sangimino, David E. Rappoport, Chiara Scotti, Nathan Swem, Alexandros Vardoulakis, and Aurite Werman
Finance and Economics Discussion Series (2022)
https://doi.org/10.17016/FEDS.2022.058 - Nonlinear Unemployment Effects of the Inflation Tax
Mohammed Ait Lahcen, Garth Baughman, Stanislav Rabinovich, and Hugo van Buggenum
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.040 - Capacity Choice, Monetary Trade, and the Cost of Inflation
Garth Baughman and Stanislav Rabinovich
European Economic Review (2021)
https://doi.org/10.1016/j.euroecorev.2021.103698
See also » FRB Working Paper (2020) - Global Demand for Basket-Backed Stablecoins
Garth Baughman and Jean Flemming
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.048 - Voluntary Reserve Targets
Garth Baughman and Francesca Carapella
Journal of Money, Credit and Banking (2020)
https://doi.org/10.1111/jmcb.12579
See also » FRB Working Paper (2018) - A Simple Model of Voluntary Reserve Targets with Tolerance Bands
Garth Baughman and Francesca Carapella
Finance and Economics Discussion Series (2019)
https://doi.org/10.17016/FEDS.2019.060 - Self-confirming Price Dispersion in Monetary Economies
Garth Baughman and Stanislav Rabinovich
Journal of Economic Theory (2019)
See also » FRB Working Paper (2018) - Faster Payments: Market Structure and Policy Considerations
Aaron Rosenbaum, Garth Baughman, Mark Manuszak, Kylie Stewart, Fumiko Hayashi, and Joanna Stavins
Finance and Economics Discussion Series (2017)
https://doi.org/10.17016/FEDS.2017.100 - Deadlines and Matching
Garth Baughman
Finance and Economics Discussion Series (2016)
https://doi.org/10.17016/FEDS.2016.014 - Essays on Search and Matching Equilibria
Garth A. Baughman
University of Pennsylvania (2015)
Awards
- 2022
Board of Governors of the Federal Reserve
Special Achievement Award
Conference Organization
March 2023 | Washington, DC
Second DC Search and Matching Workshop
Organizer
August 2022 | Washington, DC
Summer Workshop on Money, Banking, Payments, and Finance
Organizer
April 2019 | Washington, DC
First DC Search and Matching Workshop
Organizer
Last Update:
December 1, 2023