Photo of John Kandrac

John Kandrac

Education

  • Ph.D., Economics, University of Oregon, 2011
  • B.B.A., Finance, College of William and Mary, 2003
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2017 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2017
  • Economist

    Board of Governors of the Federal Reserve System

    2011 - 2015
  • Analyst

    JPMorgan Chase & Co.

    2003 - 2006
  • The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool
    Christopher J. Curfman and John Kandrac
    Review of Finance (Forthcoming)
    https://doi.org/10.1093/rof/rfab024
    See also » FRB Working Paper (2019)
  • Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates
    Gee Hee Hong and John Kandrac
    Journal of Money, Credit and Banking (Forthcoming)
    https://doi.org/10.1111/jmcb.12843
  • Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession
    John Kandrac
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.061
  • Quantitative Easing and Bank Risk Taking: Evidence from Lending
    John Kandrac and Bernd Schlusche
    Journal of Money, Credit and Banking (2021)
    https://doi.org/10.1111/jmcb.12781
    See also » FRB Working Paper (2017)
  • The Effect of Bank Supervision and Examination on Risk Taking: Evidence from a Natural Experiment
    John Kandrac and Bernd Schlusche
    Review of Financial Studies (2021)
    https://doi.org/10.1093/rfs/hhaa090
  • Monetary Policy Implementation and Financial Vulnerability: Evidence from the Overnight Reverse Repurchase Facility
    Alyssa G. Anderson and John Kandrac
    Review of Financial Studies (2018)
    https://doi.org/10.1093/rfs/hhx141
  • The Costs of Quantitative Easing: Liquidity and Market Functioning Effects of Federal Reserve MBS Purchases
    John Kandrac
    International Journal of Central Banking (2018)
  • Principal Payments on the Federal Reserve's Securities Holdings
    Brian Bonis, John Kandrac, and Luke Pardue
    FEDS Notes (2017)
    https://doi.org/10.17016/2380-7172.2021
  • An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-scale Asset Purchases
    John Kandrac and Bernd Schlusche
    Finance and Economics Discussion Series (2015)
    https://doi.org/10.17016/FEDS.2015.027
  • Modelling the Causes and Manifestation of Bank Stress: An Example from the Financial Crisis
    John Kandrac
    Applied Economics (2014)
    https://doi.org/10.1080/00036846.2014.955257
  • Bank Failure, Relationship Lending, and Local Economic Performance
    John Kandrac
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.41
  • Have Federal Reserve MBS Purchases Affected Market Functioning?
    John Kandrac
    Economics Letters (2013)
    https://doi.org/10.1016/j.econlet.2013.08.011
  • Flow Effects of Large-Scale Asset Purchases
    John Kandrac and Bernd Schlusche
    Economics Letters (2013)
    https://doi.org/10.1016/j.econlet.2013.09.003
  • Monetary Policy and Bank Lending to Small Firms
    John P. Kandrac
    Journal of Macroeconomics (2012)
    https://doi.org/10.1016/j.jmacro.2012.06.002
Last update: February 22, 2022