Photo of Shane M. Sherlund

Shane M. Sherlund

Education

  • Ph.D., Economics, University of Wisconsin, 2003
  • M.S., Economics, University of Wisconsin, 2000
  • M.S., Economics, Utah State University, 1998
  • B.S., Economics and Mathematics, Utah State University, 1996
  • Deputy Associate Director

    Board of Governors of the Federal Reserve System

    2019 - present
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2014 - 2019
  • Chief

    Board of Governors of the Federal Reserve System

    2011 - 2014
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2008 - 2011
  • Economist

    Board of Governors of the Federal Reserve System

    2003 - 2008
  • Were There Fire Sales in the RMBS Market?
    Craig B. Merrill, Taylor Nadauld, René M. Stulz, and Shane M. Sherlund
    Journal of Monetary Economics (2021)
    https://doi.org/10.1016/j.jmoneco.2021.05.007
  • FHA, Fannie Mae, Freddie Mac and the Great Recession
    Wayne Passmore and Shane M. Sherlund
    Real Estate Economics (2021)
    https://doi.org/10.1111/1540-6229.12296
    See also » FRB Working Paper (2016)
  • Student Loans and Homeownership
    Alvaro A. Mezza, Daniel R. Ringo, Shane M. Sherlund, and Kamila Sommer
    Journal of Labor Economics (2020)
    https://doi.org/10.1086/704609
    See also » FRB Working Paper (2016)
  • The Effects of the Ability-to-Repay / Qualified Mortgage Rule on Mortgage Lending
    Aurel Hizmo and Shane Sherlund
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2296
  • The FHA and the GSEs as Countercyclical Tools in the Mortgage Markets
    Wayne Passmore and Shane M. Sherlund
    Economic Policy Review (2018)
  • Crowding Out Effects of Refinancing on New Purchase Mortgages
    Steven A. Sharpe and Shane M. Sherlund
    Review of Industrial Organization (2016)
    https://doi.org/10.1007/s11151-016-9500-9
    See also » FRB Working Paper (2015)
  • The Impact of Securitization on the Expansion of Subprime Credit
    Taylor D. Nadauld and Shane M. Sherlund
    Journal of Financial Economics (2013)
    https://doi.org/10.1016/j.jfineco.2012.09.002
  • Monetary Policy and the Global Housing Bubble
    Jane Dokko, Brian M. Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander J. Van den Heuvel
    Economic Policy (2011)
    https://doi.org/10.1111/j.1468-0327.2011.00262.x
  • Are Antidumping Duties for Sale? Case-Level Evidence on the Grossman-Helpman Protection for Sale Model
    Carolyn L. Evans and Shane M. Sherlund
    Southern Economic Journal (2011)
    https://doi.org/10.4284/0038-4038-78.2.330
    See also » FRB Working Paper (2006)
  • The Rise in Mortgage Defaults
    Christopher Mayer, Karen Pence, and Shane M. Sherlund
    Journal of Economic Perspectives (2009)
    https://doi.org/10.1257/jep.23.1.27
    See also » FRB Working Paper (2008)
  • The Past, Present, and Future of Subprime Mortgages
    Shane M. Sherlund
    Finance and Economics Discussion Series (2008)
    https://doi.org/10.17016/FEDS.2008.63
  • The Jumbo-Conforming Spread: A Semiparametric Approach
    Shane M. Sherlund
    Finance and Economics Discussion Series (2008)
    https://doi.org/10.17016/FEDS.2008.01
  • Shadow Wages, Allocative Inefficiency, and Labor Supply in Smallholder Agriculture
    Christopher B. Barrett, Shane M. Sherlund, and Akinwumi A. Adesina
    Agricultural Economics (2008)
    https://doi.org/10.1111/j.1574-0862.2007.00278.x
  • GSEs, Mortgage Rates, and Secondary Market Activities
    Andreas Lehnert, Wayne Passmore, and Shane M. Sherlund
    Journal of Real Estate Finance and Economics (2008)
    https://doi.org/10.1007/s11146-007-9047-5
    See also » FRB Working Paper (2005)
  • Making Sense of the Subprime Crisis
    Kristopher Gerardi, Andreas Lehnert, Shane M. Sherlund, and Paul Willen
    Brookings Papers on Economic Activity (2008)
  • Do Labor Issues Matter in the Determination of U.S. Trade Policy? An Empirical Reevaluation
    Xenia Matschke and Shane M. Sherlund
    American Economic Review (2006)
    https://doi.org/10.1257/000282806776157524
  • Do Newly Retired Workers in the United States have Sufficient Resources to Maintain Well-being?
    Robert Haveman, Karen Holden, Barbara Wolfe, and Shane Sherlund
    Economic Inquiry (2006)
    https://doi.org/10.1093/ei/cbj023
  • Macroeconomic Shocks, Human Capital and Productive Efficiency: Evidence from West African Rice Farmers
    Christopher B. Barrett, Shane M. Sherlund, and Akinwumi A. Adesina
    Journal of African Economies (2006)
  • The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates
    Wayne Passmore, Shane M. Sherlund, and Gillian Burgess
    Real Estate Economics (2005)
    https://doi.org/10.1111/j.1540-6229.2005.00125.x
    See also » FRB Working Paper (2005)
  • An Analysis of the Potential Competitive Impacts of Basel II Capital Standards on U.S. Mortgage Rates and Mortgage Securitization
    S. Wayne Passmore, Diana Hancock, Andreas Lehnert, and Shane M. Sherlund
    Basel II White Paper (2005)
  • Smallholder Technical Efficiency Controlling for Environmental Production Conditions
    Shane M. Sherlund, Christopher B. Barrett, and Akinwumi A. Adesina
    Journal of Development Economics (2002)
    https://doi.org/10.1016/S0304-3878(02)00054-8
Last update: June 30, 2022