Photo of Patrick E. McCabe

Patrick E. McCabe

Education

  • Ph.D., Economics, University of California - Berkeley, 2000
Current Research Topics
  • mutual funds, money market funds, repo markets,
  • short-term funding markets, monetary policy
  • Economist

    Board of Governors of the Federal Reserve System

    2000 - present
  • Frost, Josh, Lorie Logan, Antoine Martin, Patrick McCabe, Fabio M. Natalucci, and Julie Remache (2015). "Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations," Finance and Economics Discussion Series 2015-010. Board of Governors of the Federal Reserve System (U.S.).
  • Frost, Joshua, Lorie Logan, Antoine Martin, Patrick E. McCabe, Fabio M. Natalucci, and Julie Remache (2015). "Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations," Staff Reports 712. Federal Reserve Bank of New York.
  • McCabe, Patrick E. (2015). "Money Market Funds: Reconsidering the Mutual Fund Model," in Claessens, Stijn, Douglas Evanoff, George Kaufman, and Luc Laeven eds., Shadow Banking Within and Across National Borders. World Scientific Studies in International Economics, vol. 40, pp. 301-322. (Singapore: World Scientific Publishing).
  • Cipriani, Marco, Antoine Martin, Patrick McCabe, and Bruno M. Parigi (2014). "Gates, Fees, and Preemptive Runs," Finance and Economics Discussion Series 2014-30. Board of Governors of the Federal Reserve System (U.S.).
  • McCabe, Patrick E., Marco Cipriani, Michael Holscher, and Antoine Martin (2013). "The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds," Brookings Papers on Economic Activity, Spring, pp. 211-256.
  • McCabe, Patrick E., Marco Cipriani, Michael Holscher, and Antoine Martin (2012). "The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds," Finance and Economics Discussion Series 2012-47. Board of Governors of the Federal Reserve System (U.S.).
  • McCabe, Patrick E., Marco Cipriani, Michael Holscher, and Antoine Martin (2012). "The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds," Staff Reports 564. Federal Reserve Bank of New York.
  • McCabe, Patrick E. (2010). "The Cross Section of Money Market Fund Risks and Financial Crises," Finance and Economics Discussion Series 2010-51. Board of Governors of the Federal Reserve System (U.S.).
  • McCabe, Patrick E. (2009). "The Economics of the Mutual Fund Trading Scandal," Finance and Economics Discussion Series 2009-06. Board of Governors of the Federal Reserve System (U.S.).
  • McCabe, Patrick E. (2000). "Equity Returns and the Credit Channel of Monetary Transmission," Ph.D dissertation, University of California, Berkeley.
Last update: May 19, 2017