Meet the Researchers
John C. Driscoll
Education
- Ph.D., Economics, Harvard University, 1995
- M.A., Economics, Harvard University, 1992
- S.B., Physics and Economics, Massachusetts Institute of Technology, 1990
- Banking and Financial Institutions
- Consumer Finance
Economist
Board of Governors of the Federal Reserve System
2002 - presentAssistant Professor of Economics
Brown University
1995 - 2002Faculty Research Fellow
National Bureau of Economic Research
1999 - 2002Adjunct Professor
The Johns Hopkins University
2004 - 2019Senior Economist
Council of Economic Advisers
2004 - 2005Policy Advisor
U.S. Department of the Treasury, Financial Stability Oversight Council
2017
- Predicting Credit Card Delinquency Rates
Kayleigh Barnes, Connor Bopst, John Driscoll
FEDS Notes (2025)
https://doi.org/10.17016/2380-7172.3732 - The Effects of Credit Score Migration on Subprime Auto Loan and Credit Card Delinquencies
John C. Driscoll, Jessica N. Flagg, Bradley Katcher, and Kamila Sommer
FEDS Notes (2024)
https://doi.org/10.17016/2380-7172.3419 - Is Lending Distance Really Changing? Distance Dynamics and Loan Composition in Small Business Lending
Robert M. Adams, Kenneth P. Brevoort, and John C. Driscoll
Journal of Banking & Finance (2023)
https://doi.org/10.1016/j.jbankfin.2023.107006
See also » FRB Working Paper (2021) - Is Lending Distance Really Changing? Distance Dynamics and Loan Composition in Small Business Lending
Robert M. Adams, Kenneth P. Brevoort, and John C. Driscoll
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.011 - The Real Consequences of Bank Mortgage Lending Standards
Cindy M. Vojtech, Benjamin S. Kay, and John C. Driscoll
Journal of Financial Intermediation (2020)
https://doi.org/10.1016/j.jfi.2019.100846 - Macroeconomic Effects of Banking Sector Losses across Structural Models
Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto, and Jae Sim
International Journal of Central Banking (2019)
See also » FRB Working Paper (2015) - How the Largest Bank Holding Companies Grew: Organic Growth or Acquisitions?
Robert Adams and John Driscoll
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2282 - Bank Liquidity and Capital Regulation in General Equilibrium
Francisco Covas and John C. Driscoll
Finance and Economics Discussion Series (2014)
https://doi.org/10.17016/FEDS.2014.85 - Behavioral Economics and Macroeconomic Models
John C. Driscoll and Steinar Holden
Journal of Macroeconomics (2014)
https://doi.org/10.1016/j.jmacro.2014.05.004
See also » FRB Working Paper (2014) - Changes in Bank Lending Standards and the Macroeconomy
William F. Bassett, Mary Beth Chosak, John C. Driscoll, and Egon Zakrajšek
Journal of Monetary Economics (2014)
https://doi.org/10.1016/j.jmoneco.2013.12.005
See also » FRB Working Paper (2013) - Sticky Deposit Rates
John C. Driscoll and Ruth A. Judson
Finance and Economics Discussion Series (2013)
https://doi.org/10.17016/FEDS.2013.80 - Optimal Mortgage Refinancing: A Closed-Form Solution
Sumit Agarwal, John C. Driscoll, and David I. Laibson
Journal of Money, Credit and Banking (2013)
https://doi.org/10.1111/jmcb.12017 - Fairness and Inflation Persistence
John C. Driscoll and Steinar Holden
International Library of Critical Writings in Economics series (2012) - How Do Private Firms Use Credit Lines?
Sumit Agarwal, Souphala Chomsisengphet, and John C. Driscoll
Economic Perspectives (2011) - Cross-Border Diversification in Bank Asset Portfolios
Claudia M. Buch, John C. Driscoll, and Charlotte Ostergaard
International Finance (2010)
https://doi.org/10.1111/j.1468-2362.2010.01253.x
See also » FRB Working Paper (2004) - The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation
Sumit Agarwal, John C. Driscoll, Xavier Gabaix, and David Laibson
Brookings Papers on Economic Activity (2009) - Learning in the Credit Card Market
Sumit Agarwal, John C. Driscoll, Xavier Gabaix, and David Laibson
NBER Working Paper Series (2008)
https://doi.org/10.3386/w13822 - Fairness and Inflation Persistence
John C. Driscoll and Steinar Holden
Journal of the European Economic Association (2004)
https://doi.org/10.1162/154247604323067952 - Does Bank Lending Affect Output? Evidence from the U.S. States
John C. Driscoll
Journal of Monetary Economics (2004)
https://doi.org/10.1016/j.jmoneco.2004.01.001
See also » FRB Working Paper (2003) - Inflation Persistence and Relative Contracting
Steinar Holden and John C. Driscoll
American Economic Review (2003)
https://doi.org/10.1257/000282803769206340
See also » FRB Working Paper (2003) - Sticky Prices, Coordination and Enforcement
John C. Driscoll and Harumi Ito
B.E. Journal of Macroeconomics (2003)
https://doi.org/10.2202/1534-5998.1096
See also » FRB Working Paper (2003) - Coordination, Fair Treatment and Inflation Persistence
John C. Driscoll and Steinar Holden
Finance and Economics Discussion Series (2003)
https://doi.org/10.17016/FEDS.2003.34 - Credit Effects in the Monetary Mechanism: Commentary
John C. Driscoll
Economic Policy Review (2002) - Sticky Prices, Coordination, and Collusion
John C. Driscoll and Harumi Ito
Working paper series (Brown University. Department of Economics) (1999)
See also » FRB Working Paper (2003) - Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data
John C. Driscoll and Aart C. Kraay
Review of Economics and Statistics (1998)
https://doi.org/10.1162/003465398557825 - Money, Output and Prices: Evidence from A New Monetary Aggregate
Julio J. Rotemberg, John C. Driscoll, and James M. Poterba
NBER Working Paper Series (1996)
https://doi.org/10.3386/w3824 - Money, Output, and Prices: Evidence from a New Monetary Aggregate
Julio J. Rotemberg, John C. Driscoll, and James M. Poterba
Journal of Business & Economic Statistics (1995)
https://doi.org/10.1080/07350015.1995.10524580 - Essays on Money
John Christopher Driscoll
Harvard University (1995)
discussion
September 2022Financial Innovation: A Threat to Financial Stability? Conference at FRB-Atlanta and Georgia State University
Discussion of two papers on fintech and household finance
discussion
June 2021Western Finance Association
Discussion of GIaninazzi, Reference Points in Refinancing Decisions
discussion
May 2017University of Maryland Finance Conference
Discussion of Olafsson and Pahel, The Ostrich in Us
discussion
March 2019Midwest Finance Assocation
Discussion of Begley, "Disaster Lending"
conference
July 2016NBER ME Summer Institute
The Real Consequences of Bank Mortgage Lending Standards
seminar
August 2015Bundesbank
The Real Consequences of Bank Mortgage Lending Standards
conference
May 2015NUS Conference on Real Estate
The Real Consequences of Bank Mortgage Lending Standards
seminar
May 2014FRB-New York
Stick Deposit Rates
conference
September 2013FRS System Committee Meeting on Financial Regulation
Bank Capital and Liquidity Regulation
conference
September 2012FRB-Philadelphia Payments Center Conference
Panel Discussion on Learning in Consumer Credit
discussion
January 2012ASSA Meetings
Discussion of Stango and ZInman, "Borrowing High vs. Borrowing Higher"
seminar
November 2011Federal Trade Commission
Learning in the Credit Card Market
conference
November 2011Federal Reserve Conference on Liquidity Regulation
The Macroeconomic Impact of Adding Liquidity Regulations to Bank Capital Regulations
discussion
March 2011B.E. Journal/FRB-SF Conference on Geography and Macroeconomics
Discussion of "Banking Conditions and the Effects of Monetary Policy"
conference
January 2011Econometric Society Meetings
Identifying the Macroeconomic Effects of Bank Lending Supply Shocks
conference
January 2011Federal Reserve Day-Ahead Conference
Identifying the Macroeconomic Effects of Bank Lending Supply Shocks
conference
September 2010Bundesbank/FRB-Cleveland Conference on Household Finance
Learning in the Credit Card Market
seminar
February 2010American University
Learning in the Credit Card Market
conference
November 2009NBER Monetary Economics Conference
Sticky Deposit Rates
conference
May 2016UPenn/World Economic Forum Conference
Panel Discussion on Aging and Cognition
Awards
- 2010
TIAA-CREF
Paul Samuelson Award Certificate of Excellence
- 2013
The Johns Hopkins University
Excellence in Teaching
Conference Organization
June 2019 | San Francisco
IBEFA Summer Meetings
Program Committee Chair
January 2021 | Online
IBEFA ASSA Sessions
Program Committee Chair
Editor
- Associate Editor, Financial Planning Review, 2018-2019
Referee
- The American Economic Review
- The Quarterly Journal of Economics
- Journal of Political Economy
- Journal of Finance
- Journal of Monetary Economics
- Journal of Money, Credit, and Banking
- Review of Economics and Statistics
- Journal of Banking and Finance
Professional Affiliation
- American Economic Association
- Econometric Society
- International Banking, Economics, and Finance Association (IBEFA): Past President, Program Chair, and Vice President