Photo of Nathan L. Converse

Nathan L. Converse

Education

  • Ph.D., Economics, London School of Economics, 2013
  • M.Phil., Development Studies, University of Oxford, 2003
  • B.A., International Affairs, The George Washington University
Current Research Topics
  • Capital flows to emerging markets
  • Mutual funds and exchange-traded funds (ETFs)
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2019 - present
  • Senior Economist

    White House Council of Economic Advisors

    2021 - 2022
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2019
  • Adjunct Lecturer

    Johns Hopkins University School of Advanced International Studies

    2018
  • Contributing Writer

    Oxford Analytica

    2008 - 2010
  • Senior Research Assistant

    Institute of International Finance

    2004 - 2006
  • Differential treatment in the bond market: Sovereign risk and mutual fund portfolios
    Nathan Converse and Enrico Mallucci
    Journal of International Economics (2023)
    https://doi.org/10.1016/j.jinteco.2023.103823
    See also » FRB Working Paper (2019)
  • How ETFs Amplify the Global Financial Cycle in Emerging Markets
    Nathan Converse, Eduardo Levy-Yeyati, and Tomas Williams
    Review of Financial Studies (2023)
    https://doi.org/10.1093/rfs/hhad014
    See also » FRB Working Paper (2020)
  • U.S. Housing as a Global Safe Asset: Evidence from China Shocks
    William Barcelona, Nathan Converse, and Anna Wong
    International Finance Discussion Papers (2021)
    https://doi.org/10.17016/IFDP.2021.1332
  • Changing patterns of capital flows
    Gerardo Israel García López, Livio Stracca, Christophe Piette, Roland Beck, Beatrice Scheubel, Jean-Charles Bricongne, Rémy Lecat, Axel Brüggemann, Andreas Röthig, Maggie Mok, Shri Manmohan, Flavia Corneli, Fabrizio Ferriani, Kazuaki Washimi, Byung Jae Choi, Joaquin Rodrigo Cano Jauregui, Sara Gabriela Castellanos, Carlijn Eijking, Juan Carlos Berganza, Pedro del Rio, Luis Molina, Thomas Nitschka, Pinar Yeşin, Fernando Eguren Martín, Mark Joy, Jeremy Martin, Carlos Eduardo van Hombeeck, Simon Whitaker, Nathan Converse, Julian Di Giovanni, Cathérine Koch, Kostas Tsatsaronis, and Philip Wooldridge
    Committee on the Global Financial System (2021)
  • Emerging Market Capital Flows and U.S. Monetary Policy
    John Clark, Nathan Converse, Brahima Coulibaly, and Steven B. Kamin
    International Finance (2020)
    https://doi.org/10.1111/infi.12355
  • How ETFs Amplify the Global Financial Cycle in Emerging Markets
    Nathan Converse, Eduardo Levy-Yeyati, and Tomas Williams
    International Finance Discussion Papers (2020)
    https://doi.org/10.17016/IFDP.2020.1268
  • Differential Treatment in the Bond Market: Sovereign Risk and Mutual Fund Portfolios
    Nathan Converse and Enrico Mallucci
    International Finance Discussion Papers (2019)
    https://doi.org/10.17016/IFDP.2019.1261
  • Uncertainty, Capital Flows, and Maturity Mismatch
    Nathan Converse
    Journal of International Money and Finance (2018)
    https://doi.org/10.1016/j.jimonfin.2017.07.013
  • Large Capital Inflows, Sectoral Allocation, and Economic Performance
    Gianluca Benigno, Nathan Converse, and Luca Fornaro
    Journal of International Money and Finance (2015)
    https://doi.org/10.1016/j.jimonfin.2015.02.015
    See also » FRB Working Paper (2015)
  • International Capital Flows, Sectoral Resource Allocation, and the Financial Resource Curse
    Gianluca Benigno, Nathan Converse, and Luca Fornaro
    VOX (2015)
  • conference

    October 2024

    Bristol-Durham Bank Policy Forum

    Geopolitical Risk: When it Matters; Where it Matters. Evidence from International Portfolio Allocations

  • conference

    October 024

    DebtCon8 (8th Interdisciplinary Sovereign Debt Research and Management Conference)

    Who is Afraid of Sovereign Risk? Lessons from the Portfolio of Euro Area Investors

  • conference

    January 2025

    American Economic Association

    Do banks gain from inflation? Evidence from inflation surprises

  • conference

    November 2024

    Annual Meeting of CEMLA Central Bank Researchers Network

    Pushing or Pulling: Quantitative Easing, Quantitative Tightening, and International Capital Flows

  • conference

    April 2024

    IMF Macro-Financial Research Conference

    Do banks gain from inflation? Evidence from inflation surprises

  • conference

    January 2024

    American Economic Association

    Pushing or Pulling: Quantitative Easing, Quantitative Tightening, and International Capital Flows

  • conference

    September 2020

    Annual Meeting of the Central Bank Research Association (CEBRA)

    Differential Treatment in the Bond Market: Sovereign Risk and Mutual Fund Portfolios

  • conference

    August 2020

    European Economic Association

    U.S. Housing as a Global Safe Asset: Evidence from China Shocks

  • conference

    March 2020

    Eastern Economic Association

    Pushing or Pulling: Quantitative Easing, Quantitative Tightening, and International Capital Flows

  • conference

    August 2019

    European Economic Association

    Differential Treatment in the Bond Market: Sovereign Risk and Bond Mutual Funds Portfolios

  • conference

    June 2019

    Society for Computational Economics

    Differential Treatment in the Bond Market: Sovereign Risk and Bond Mutual Funds Portfolios

  • conference

    June 2019

    University of York Asset Pricing Workshop

    Differential Treatment in the Bond Market: Sovereign Risk and Bond Mutual Funds Portfolios

  • conference

    August 2018

    European Economic Association

    How ETFs Amplify the Global Financial Cycle in Emerging Markets

  • conference

    May 2018

    CEMLA Meeting of Monetary Policy Managers

    U.S. Fiscal Reform and Capital Flows to Emerging Economies

  • conference

    May 2018

    Emerging Markets Group-ECB Workshop on International Capital Flows

    How ETFs Amplify the Global Financial Cycle in Emerging Markets

  • conference

    May 2016

    UCL-Banque de France-JIMF Workshop on the Impact of Uncertainty Shocks on the Global Economy

    Uncertainty, Capital Flows, and Maturity Mismatch

  • conference

    November 2015

    Annual Meeting of CEMLA Central Bank Researchers Network

    The Impact of Unconventional Monetary Policy on Financial Conditions in Emerging Markets

  • conference

    June 2015

    Standford SITE Session on the Macroeconomics of Uncertainty

    Uncertainty, Capital Flows, and Maturity Mismatch

  • conference

    January 2015

    IMF-UKAID Workshop on Capital Flows in Frontier and Emerging Markets

    Uncertainty, Capital Flows, and Maturity Mismatch

  • conference

    June 2014

    North American Summer Meeting of the Econometric Society

    Uncertainty, Capital Flows, and Maturity Mismatch

  • conference

    May 2014

    IDB-JIMF Conference on Macroeconomic and Financial Challenges Facing Latin America

    Large Capital Inflows, Sectoral Allocation, and Economic Performance

  • conference

    May 2014

    Spillovers from Monetary Policies since the Global Financial Crisis

    The Impact of Unconventional Monetary Policy on Financial Conditions in Emerging Markets

  • conference

    December 2012

    Annual Meering of the Spanish Economic Association

    Capital Flow Volatility and Maturity Mismatch in Emerging Market Economies

  • conference

    July 2008

    NBER Summer Institute on the Economics of National Security

    The Fate of Young Democracies

Awards
  • 2012

    Financial Markets Group, London School of Economics

    Deutsche Bank Doctoral Fellowship

  • 2001

    The George Washington University

    George Washington University Shapiro Scholarship for study at Oxford University

Conference Organization
  • March 30, 2018 | Washington, DC

    Washington Area International Finance Symposium

    Organizer

Referee
  • Journal of International Economics
  • Review of Finance
  • IMF Economic Review
  • Journal of International Money and Finance
  • Journal of Economic Dynamics and Control
  • Review of International Economics
  • Journal of Financial Stability
  • International Journal of Central Banking
  • International Review of Economics and Finance
  • Macroeconomic Dynamics
  • Review of Economic Dynamics
  • International Finance
  • World Development
  • Emerging Markets Finance and Trade
  • Economic Inquiry
  • North American Journal of Economics and Finance
  • Economica
  • Comparative Political Studies
  • British Journal of Political Science
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Last Update: November 21, 2025