Photo of Ralf R. Meisenzahl

Ralf R. Meisenzahl

Education

  • Ph.D., Economics, Northwestern University, 2010
  • M.A., Economics, Northwestern University, 2005
  • Diplom, Economics, University of Mannheim, 2004
Current Research Topics
  • Loan Syndication Process
  • Evolution of Non-bank Credit
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Visiting Scholar

    LSE Center for Economic Performance

    2015 - 2016
  • Economist

    Board of Governors of the Federal Reserve System

    2010 - 2015
  • Irani, Rustom M., and Ralf R. Meisenzahl (forthcoming). "Loan Sales and Bank Liquidity Management: Evidence from a U.S. Credit Register," Review of Financial Studies.
  • Benmelech, Efraim, Ralf R. Meisenzahl, and Rodney Ramcharan (2017). "The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles," Quarterly Journal of Economics, vol. 132, no. 1, pp. 317-365.
  • Meisenzahl, Ralf (2016). "Can Financing Constraints Explain the Evolution of the Firm Size Distribution?" Review of Industrial Organization, vol. 48, no. 2, pp. 123-147.
  • Meisenzahl, Ralf (2015). "Organization Matters: Trade Union Behavior During Peace and War," Journal of Comparative Economics, vol. 43, no. 4, pp. 919-937.
  • Meisenzahl, Ralf R. (2015). "How Britain Lost its Competitive Edge: Competence in the Second Industrial Revolution," in Greif, Avner, Lynne Kiesling and John Nye eds., Institutions, Innovation, and Industrialization: Essays in Economic History and Development. Princeton: Princeton University Press, pp. 303-336.
  • Meisenzahl, Ralf R. (2014). "Verifying the State of Financing Constraints: Evidence from U.S. Business Credit Contracts," Journal of Economic Dynamics and Control, vol. 43, pp. 58-77.
  • Meisenzahl, Ralf R., and Joel Mokyr (2012). "The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions," in Josh Lerner, and Scott Stern eds., The Rate and Direction of Inventive Activity Revisited, Chapter 9. Chicago: University of Chicago Press, pp. 443-479.
  • Edge, Rochelle M., and Ralf R. Meisenzahl (2011). "The Unreliability of Credit-to-GDP Ratio Gaps in Real Time: Implications for Countercyclical Capital Buffers," International Journal of Central Banking, vol. 7, no. 4, pp. 261-298.
  • Meisenzahl, Ralf R., Bent Nowack, Michael Reinhard, Hans-Guenther Vieweg, and Alfons Weichenrieder (2003). "Financial markets, Corporate Governance and Information Technologies," Leibniz Institute for Economic Research at the University of Munich.
  • Dittmar, Jeremiah E., and Ralf R. Meisenzahl (2016). "State Capacity and Public Goods: Institutional Change, Human Capital, and Growth in Early Modern Germany," Finance and Economics Discussion Series 2016-028. Board of Governors of the Federal Reserve System (U.S.).
  • Foley-Fisher, Nathan C., Ralf R. Meisenzahl, Borghan Narajabad, Maria G. Perozek, and Stephane H. Verani (2016). "Funding Agreement-Backed Securities in the Enhanced Financial Accounts," FEDS Notes 2016-08-05. Board of Governors of the Federal Reserve System (U.S.).
  • Irani, Rustom M., and Ralf Meisenzahl (2015). "Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register," Finance and Economics Discussion Series 2015-001. Board of Governors of the Federal Reserve System (U.S.).
  • Meisenzahl, Ralf (2015). "Off-Balance Sheet Items of Depository Institutions in the Enhanced Financial Accounts," FEDS Notes 2015-08-28. Board of Governors of the Federal Reserve System (U.S.).
  • Meisenzahl, Ralf (2015). "The Federal Reserve's Overnight and Term Reverse Repurchase Agreement Operations in the Financial Accounts of the United States," FEDS Notes 2015-03-24. Board of Governors of the Federal Reserve System (U.S.)
  • Benmelech, Efraim, Ralf R. Meisenzahl, and Rodney Ramcharan (2016). "The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles," NBER Working Papers 22148. National Bureau of Economic Research.
  • Meisenzahl, Ralf R., and Joel Mokyr (2011). "The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions," NBER Working Paper 16993. National Bureau of Economic Research, Inc.
  • conference

    2017

    2017 Cass Corporate Finance Workshop

    Bank Monitoring: Evidence from Syndicated Loans

  • conference

    2017

    2017 Conference on "Banks, Systemic Risk, Measurement and Mitigation" (Rome)

    Pipeline risk in Leverage Loan Syndication

  • conference

    2016-17

    Economic History Association, University of Mannheim, 4th CEPR Econ History Symposium, Rutgers University

    State Capacity and Public Goods: Institutional Change, Human Capital, and Growth in Early Modern Germany

  • seminar

    2017

    ECB

    Loan Sales and Bank Liquidity Management: Evidence from a U.S. Credit Register

  • conference

    2016

    BGSE Summer Forum, Riksbank Workshop on "Challenges in Interconnected Financial Systems"

    Pipeline risk in Leverage Loan Syndication

  • conference

    2015-16

    Hebrew University, Northwestern, Vanderbilt, George Mason, American, William&Mary, 14th ARSEC conference, SGE meeting, University of Mannheim,

    State Capacity and Public Goods: Institutional Change, Human Capital, and Growth in Early Modern Germany

  • conference

    2014-16

    Federal Reserve's Day-Ahead, EFA, EEA, Boston FED, FRBNY Workshop on Risks of Wholesale Funding, FDIC, 6th Financial Stability Conference, AFBC

    Loan Sales and Bank Liquidity Management: Evidence from a U.S. Credit Register

  • conference

    2014-15

    BIS Research Task Force Workshop, Federal Reserve's "Day-Ahead" Conference

    The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

  • conference

    2013

    FDIC, FDIC-JFSR Bank Research Conference, DNB, FMA, ifo institute, RTF Workshop (Vienna), Fed Applied Micro System Conference

    The Real Effects of Credit Line Drawdowns

  • seminar

    2013

    Northwestern University

    Organization Matters: Trade Union Behavior during Peace and War

  • conference

    2012-13

    FMA, European Meeting of the Econometric Society, ECB, BIS, Royal Economic Society, University of Muenster

    Credit Line Use and Availability in the Financial Crisis: The Importance of Hedging

  • conference

    2011-13

    EBC-DNB, AEA, EEA, FIRS, FMA, Society of Computational Economics, ifo institute, Exeter, Royal Holloway, Mainz

    Verifying the State of Financing Constraints: Evidence from U.S. Business Credit Contracts

  • seminar

    2011-12

    Federal Reserve's "Day-Ahead" Conference, Reserve Bank of Australia, Reserve Bank of New Zealand, RTF Workshop (Mexico City)

    The Unreliability of Credit-to-GDP Ratio Gaps in Real-Time: Implications for Countercyclical Capital Buffers

  • conference

    2011

    Conference in Honor of Joel Mokyr

    How Britain Lost Its Competitive Edge: Competence in the Second Industrial Revolution

  • conference

    2011

    Royal Economic Society Meeting

    Can Financing Constraints Explain the Evolution of the Firm Size Distribution: New Evidence from U.S. Small Businesses

  • conference

    2010-11

    NBER Conference, "The Rate and Direction of Inventive Activity: A New Agenda", University of Luxembourg

    The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions

  • discussion

    2016

    European Financial Association Meeting

    Discussion of "Some borrowers are more equal than others: Bank funding shocks and credit reallocation" by De Jonghe et al.

  • discussion

    2016

    Northwestern University Macro Alumni Conference 2016

    Discussion of "Training and on-the-Job Search" by Lentz and Roys

  • discussion

    2015

    Financial Intermediation Research Society Conference

    Discussion of "Tracing Out Capital Flows: How Financially Integrated Banks Respond to Natural Disasters" by Cortes and Strahan

  • discussion

    2015

    AEA Meeting

    Discussion of "Do Central Bank Interventions Limit the Market Discipline from Short-Term Debt?" by Acharya, Pierret, and Steffen

  • discussion

    2014

    Olin Corporate Finance Conference

    Discussion of "Captive Finance and the Coase Conjecture" by Murfin and Pratt

  • discussion

    2014

    System Committee Meeting on Financial Structure and Regulation

    Discussion of "Financial Frictions and Reaction of Stock Prices to Monetary Policy" by Ozdagli

  • discussion

    2013

    Chicago Fed-Northwestern Macro Graduate Alumni Conference

    Discussion of "Growth and Fiscal Policy: A Positive Theory" by Barseghyan and Battaglini

  • discussion

    2011

    Financial Management Association Meeting

    Discussion of "Equity Short Interest and the Cost of Corporate Debt" by Ertuk and Nejadmaleyeri

  • discussion

    2011

    Financial Management Association Meeting

    Discussion of "Financial Shocks and Firm Performance: Evidence from Systemic Banking Crises" by Aivazian, Rahaman, and Sun

  • discussion

    2011

    Financial Intermediation Research Society Meeting

    Discussion of "Capital Structure and the Redeployability of Tangible Assets" by Campello and Giambona

  • discussion

    2010

    Financial Management Association Meeting

    Discussion of "Returns to Retail Banking and Payments" by Hasan, Schmiedel, and Song

Awards
  • 2014

    6th International Finance and Banking Society Conference

    Best Paper Award

Conference Organization
  • 2016

    Financial Management Association Meeting

    Program Committee

  • 2016

    German Finance Association Meeting

    Program Committee

  • 2017

    IFABS

    Program Committee

Referee
  • Economic Journal
  • Empirical Economics
  • Financial Review
  • International Journal of Central Banking
  • Journal of Banking and Finance
  • Journal of Monetary Economics
  • Macroeconomic Dynamics
  • Review of Finance
  • Review of Financial Studies
  • Scottish Journal of Political Economy
  • University of Chicago Press
Last update: April 17, 2017