Photo of Martin Bodenstein

Martin Bodenstein

Education

  • Ph.D., Economics, Northwestern University, 2005
  • Diplom, Economics, Universitaet Konstanz (Germany), 1999
Current Research Topics
  • Optimal Monetary Policy, Commodity Prices
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Associate Professor

    National University of Singapore, Singapore

    2013 - 2016
  • Economist

    Asian Development Bank, Manila, Philippines

    2011 - 2012
  • Economist

    Board of Governors of the Federal Reserve System

    2005 - 2011
  • Bodenstein, Martin, Christopher J. Erceg, and Luca Guerrieri (2017). "The Effects of Foreign Shocks When Interest Rates are at Zero," Canadian Journal of Economics, vol. 50, no. 3, pp. 660-684.
  • Bodenstein, Martin, and Junzhu Zhao (2017). "Employment, Wages and Optimal Monetary Policy," Finance and Economics Discussion Series 2017-091. Board of Governors of the Federal Reserve System (U.S.).
  • Bodenstein, Martin, and Junzhu Zhao (2017). "On Targeting Frameworks and Optimal Monetary Policy," Finance and Economics Discussion Series 2017-098. Board of Governors of the Federal Reserve System (U.S.).
  • Bodenstein, Martin, Luca Guerrieri, and Joe LaBriola (2014). "Macroeconomic Policy Games," Finance and Economics Discussion Series 2014-87. Board of Governors of the Federal Reserve System (U.S.).
  • Bodenstein, Martin, Luca Guerrieri, and Lutz Kilian (2012). "Monetary Policy Responses to Oil Price Fluctuations," IMF Economic Review, vol. 64, no. 4, pp. 470-504.
  • Bodenstein, Martin (2011). "Closing Large Open Economy Models," Journal of International Economics, vol. 84, no. 2, pp. 160-177.
  • Bodenstein, Martin (2010). "Trade Elasticity of Substitution and Equilibrium Dynamics," Journal of Economic Theory, vol. 145, no. 3, pp. 1033-1059.
  • Bodenstein, Martin, Gunes Kamber, and Christoph Thoenissen (2017). "Commodity Prices and Labour Market Dynamics in Small Open Economies," Finance and Economics Discussion Series 2017-039. Board of Governors of the Federal Reserve System (U.S.).
  • Bodenstein, Martin (2013). "Equilibrium Stability in Open Economy Models," Journal of Macroeconomics, vol. 35, pp. 1-13.
  • Bodenstein, Martin, Luca Guerrieri, and Christopher J. Gust (2013). "Oil Shocks and the Zero Bound on Nominal Interest Rates," Journal of International Money and Finance, vol. 32, no. 1, pp. 941-967.
  • Bodenstein, Martin, James Hebden, and Ricardo Nunes (2012). "Imperfect Credibility and the Zero Lower Bound," Journal of Monetary Economics, vol. 59, no. 2, pp. 135-149.
  • Bodenstein, Martin, and Luca Guerrieri (2011). "Oil Efficiency, Demand, and Prices: A Tale of Ups and Downs," International Finance Discussion Papers 1031. Board of Governors of the Federal Reserve System (U.S.).
  • Bodenstein, Martin, Christopher J. Erceg, and Luca Guerrieri (2011). "Oil Shocks and External Adjustment," Journal of International Economics, vol. 83, no. 2, pp. 168-184.
  • Bodenstein, Martin, Christopher Erceg, and Luca Guerrieri (2010). "The Effects of Foreign Shocks When Interest Rates are at Zero," CEPR Discussion Paper, no. 8006. Centre for Economic Policy Research.
  • Bodenstein, Martin, Christopher J. Erceg, and Luca Guerrieri (2009). "The Effects of Foreign Shocks When Interest Rates are at Zero," International Finance Discussion Papers 983r. Board of Governors of the Federal Reserve System (U.S.).
  • Bodenstein, Martin R., and Roc Armenter (2009). "Of Nutters and Doves," B.E. Journal of Macroeconomics: Contributions to Macroeconomics, vol. 9, no. 1.
  • Armenter, Roc, and Martin Bodenstein (2008). "Can the U.S. Monetary Policy Fall (Again) in an Expectation Trap?" Macroeconomic Dynamics, vol. 12, no. 5, pp. 664-693.
  • Bodenstein, Martin (2008). "International Asset Markets and Real Exchange Rate Volatility," Review of Economic Dynamics, vol. 11, no. 3, pp. 688-705.
  • Bodenstein, Martin, Christopher J. Erceg, and Luca Guerrieri (2008). "Optimal Monetary Policy with Distinct Core and Headline Inflation Rates," Journal of Monetary Economics, Supplement 1, vol. 55, pp. S18-S33.
  • Armenter, Roc, and Martin Bodenstein (2005). "Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse Than You Think?" Staff Reports 230. Federal Reserve Bank of New York.
  • Bodenstein, Martin, and Heinrich W. Ursprung (2005). "Political Yardstick Competition, Economic Integration, and Constitutional Choice in a Federation: A Numerical Analysis of a Contest Success Function Model," Public Choice, vol. 124, no. 3-4, pp. 329-352.
Last update: October 23, 2017