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Robert J. Kurtzman


  • Ph.D., Economics, University of California - Los Angeles, 2015
  • M.A., Economics, University of California, Los Angeles, 2011
  • B.A., Economics, Pomona College, 2008
  • B.A., Mathematics, Pomona College, 2008
Current Research Topics
  • Financial Frictions
  • Commercial Real Estate
  • Economist

    Board of Governors of the Federal Reserve System

    2015 - present
  • Intermediary Segmentation in the Commercial Real Estate Market
    David Glancy, John R. Krainer, Robert J. Kurtzman, and Joseph B. Nichols
    Journal of Money, Credit and Banking (Forthcoming)
  • Loan Modifications and the Commercial Real Estate Market
    David Glancy, Robert J. Kurtzman, and and Lara Loewenstein
    Finance and Economics Discussion Series (2022)
  • Did QE lead banks to relax their lending standards? Evidence from the Federal Reserve’s LSAPs
    Robert Kurtzman, Stephan Luck, and Tom Zimmermann
    Journal of Banking & Finance (2022)
  • How Do Capital Requirements Affect Loan Rates? Evidence from High Volatility Commercial Real Estate
    David Glancy and Robert Kurtzman
    Review of Corporate Finance Studies (2022)
  • Recourse as Shadow Equity: Evidence from Commercial Real Estate Loans
    David Glancy, Robert Kurtzman, Lara Loewenstein, and Joseph Nichols
    Finance and Economics Discussion Series (2021)
  • Accounting for COVID-19 Related Funding, Credit, Liquidity, and Loan Facilities in the Financial Accounts of the United States
    Matthew Hoops and Robert J. Kurtzman
    FEDS Notes (2021)
  • Across the Universe: Policy Support for Employment and Revenue in the Pandemic Recession
    Ryan A. Decker, Robert J. Kurtzman, Byron F. Lutz, and Christopher J. Nekarda
    American Economic Review: Papers and Proceedings (2021)
  • Misallocation Costs of Digging Deeper into the Central Bank Toolkit
    Robert Kurtzman and David Zeke
    Review of Economic Dynamics (2020)
  • An Aggregate View of Bank Lending Standards and Demand
    David Glancy, Robert Kurtzman, and Rebecca Zarutskie
    FEDS Notes (2020)
  • Changes in Monetary Policy and Banks' Net Interest Margins: A Comparison across Four Tightening Episodes
    Jared Berry, Felicia Ionescu, Robert Kurtzman, and Rebecca Zarutskie
    FEDS Notes (2019)
  • Accounting for Productivity Dispersion over the Business Cycle
    Robert J. Kurtzman and David Zeke
    Finance and Economics Discussion Series (2016)
  • Poker Player Behavior After Big Wins and Big Losses
    Gary Smith, Michael Levere, and Robert Kurtzman
    Management Science (2009)
Last update: August 22, 2022