Photo of John Kandrac

John Kandrac

Education

  • Ph.D., Economics, University of Oregon, 2011
  • M.S., Economics, University of Oregon, 2008
  • B.B.A., Finance, College of William and Mary, 2003
Current Research Topics
  • The Role of Banks in Monetary Transmission
  • Effects of Large-Scale Asset Purchases
  • 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
  • Anderson, Alyssa G., and John Kandrac (2018). "Monetary Policy Implementation and Financial Vulnerability: Evidence from the Overnight Reverse Repurchase Facility," The Review of Financial Studies, vol. 31, no. 9, pp. 3643-3686.
  • Kandrac, John (forthcoming). "The Costs of Quantitative Easing: Liquidity and Market Functioning Effects of Federal Reserve MBS Purchases," The International Journal of Central Banking.
  • Kandrac, John, and Bernd Schlusche (2017). "Quantitative Easing and Bank Risk Taking: Evidence from Lending," Finance and Economics Discussion Series 2017-125. Board of Governors of the Federal Reserve System (U.S.).
  • Kandrac, John, and Bernd Schlusche (2017). "The Effect of Bank Supervision on Risk Taking: Evidence from a Natural Experiment," Finance and Economics Discussion Series 2017-079. Board of Governors of the Federal Reserve System (U.S.).
  • Bonis, Brian, John Kandrac, and Luke Pardue (2017). "Principal Payments on the Federal Reserve's Securities Holdings," FEDS Notes 2017-06-16. Board of Governors of the Federal Reserve System (U.S.).
  • Kandrac, John and Bernd Schlusche (2015). "An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-Scale Asset Purchases," Finance and Economics Discussion Series 2015-027. Board of Governors of the Federal Reserve System (U.S.).
  • Kandrac, John (2014). "Modelling the Causes and Manifestation of Bank Stress: An Example from the Financial Crisis," Applied Economics, vol. 46, no. 34-36, pp. 4290-4301.
  • Kandrac, John (2014). "Bank Failure, Relationship Lending, and Local Economic Performance," Finance and Economics Discussion Series 2014-41. Board of Governors of the Federal Reserve System (U.S.).
  • Kandrac, John (2013). "Have Federal Reserve MBS Purchases Affected Market Functioning?" Economics Letters, vol. 121, no. 2, pp. 188-191.
  • Kandrac, John, and Bernd Schlusche (2013). "Flow Effects of Large-Scale Asset Purchases," Economics Letters, vol. 121, no. 2, pp. 330-335.
  • Kandrac, John P. (2012). "Monetary Policy and Bank Lending to Small Firms," Journal of Macroeconomics, vol. 34, no. 3, pp. 741-748.
Last update: December 6, 2018