Photo of Garth Baughman

Garth Baughman

Education

  • Ph.D., Economics, University of Pennsylvania, 2015
  • M.A., Economics, University of Pennsylvania, 2013
Current Research Topics
  • Monetary Policy Implementation
  • Financial Market Infrastructure
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2021 - present
  • Economist

    Board of Governors of the Federal Reserve System

    2015 - 2021
  • A Simple Model of Voluntary Reserve Targets with Tolerance Bands
    Garth Baughman and Francesca Carapella
    Journal of Money, Credit and Banking (Forthcoming)
    https://doi.org/10.1111/jmcb.12927
    See also » FRB Working Paper (2019)
  • 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)
Last update: September 19, 2022