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Andrew Lee Smith

Not to be confused with: Andrew David Allan Smith Andrew S.J. Smith

Personal Details

First Name:Andrew
Middle Name:Lee
Last Name:Smith
Suffix:
RePEc Short-ID:psm183
Research Department Federal Reserve Bank of Kansas City 1 Memorial Drive Kansas City, MO 64198
816-881-2294

Affiliation

Federal Reserve Bank of Kansas City

Kansas City, Missouri (United States)
http://www.kansascityfed.org/

: (816) 881-2254

1 Memorial Drive, Kansas City, MO 64198-0001
RePEc:edi:frbkcus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Andrew Lee Smith & Taeyoung Doh, 2018. "Reconciling VAR-based Forecasts with Survey Forecasts," Research Working Paper RWP 18-13, Federal Reserve Bank of Kansas City, revised 01 Dec 2018.
  2. Brent Bundick & Andrew Lee Smith, 2018. "Does Communicating a Numerical Inflation Target Anchor Inflation Expectations? Evidence & Bond Market Implications," Research Working Paper RWP 18-1, Federal Reserve Bank of Kansas City, revised 01 Jan 2018.
  3. John W. Keating & Andrew Lee Smith, 2018. "The Optimal Monetary Instrument and the (Mis)Use of Causality Tests," Research Working Paper RWP 18-11, Federal Reserve Bank of Kansas City, revised 28 Nov 2018.
  4. Brent Bundick & Andrew Lee Smith & Trenton Herriford, 2017. "Forward Guidance, Monetary Policy Uncertainty, and the Term Premium," Research Working Paper RWP 17-7, Federal Reserve Bank of Kansas City, revised 12 Jul 2017.
  5. Brent Bundick & Andrew Lee Smith, 2016. "The dynamic effects of forward guidance shocks," Research Working Paper RWP 16-2, Federal Reserve Bank of Kansas City, revised 15 Jan 2016.
  6. Andrew Lee Smith, 2015. "When does the cost channel pose a challenge to inflation targeting central banks?," Research Working Paper RWP 15-6, Federal Reserve Bank of Kansas City, revised 01 Jun 2015.
  7. John Keating & Logan J. Kelly & Andrew Lee Smith & Victor J. Valcarcel, 2014. "A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201401, University of Kansas, Department of Economics.
  8. John Keating & Andrew Lee Smith, 2013. "Determinacy and Indeterminacy in Monetary Policy Rules with Money," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201310, University of Kansas, Department of Economics.
  9. Andrew Lee Smith, 2013. "House Prices, Heterogeneous Banks and Unconventional Monetary Policy Options," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201311, University of Kansas, Department of Economics.
  10. John Keating & Andrew Lee Smith, 2013. "Price Versus Financial Stability: A role for money in Taylor rules?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201307, University of Kansas, Department of Economics.

Articles

  1. Andrew Lee Smith, 2019. "How Many Reserves Does the Federal Reserve Need to Supply?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Mar 6.
  2. Andrew Lee Smith, 2019. "Do Changes in Reserve Balances Still Influence the Federal Funds Rate?," Economic Review, Federal Reserve Bank of Kansas City, pages 5-34.
  3. Andrew Lee Smith & Brent Bundick, 2018. "Did Communicating a Numerical Inflation Target Anchor U.S. Inflation Expectations?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, Jan 17.
  4. Brent Bundick & Andrew Lee Smith & Trenton Herriford & Emily Pollard, 2017. "Does the Recent Decline in Household Longer-Term Inflation Expectations Signal a Loss of Confidence in the FOMC?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-5, Jun 21.
  5. Craig S. Hakkio & Andrew Lee Smith, 2017. "Bond Premiums and the Natural Real Rate of Interest," Economic Review, Federal Reserve Bank of Kansas City, pages 5-39.
  6. Troy A. Davig & Andrew Lee Smith, 2017. "Forecasting the Stance of Monetary Policy under Balance Sheet Adjustments," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, May 10.
  7. Andrew Lee Smith, 2016. "How much of the fall in inflation can be explained by energy and import prices?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Jan 15.
  8. Andrew Lee Smith & Nicholas Sly & Elizabeth Johnson & Trenton Herriford, 2016. "How Does a Rise in International Shipping Costs Affect U.S. Inflation?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Dec 1.
  9. Didem Tuzemen & Troy A. Davig & Jun Nie & Nida Cakir Melek & Andrew Lee Smith, 2015. "Evaluating a year of oil price volatility," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Sept 8.
  10. Andrew Lee Smith & Thealexa Becker, 2015. "Has forward guidance been effective?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Sep 4.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Brent Bundick & Andrew Lee Smith, 2018. "Does Communicating a Numerical Inflation Target Anchor Inflation Expectations? Evidence & Bond Market Implications," Research Working Paper RWP 18-1, Federal Reserve Bank of Kansas City, revised 01 Jan 2018.

    Cited by:

    1. Shin-ichi Fukuda & Naoto Soma, 2019. "Inflation Target and Anchor of Inflation Forecasts in Japan," CIRJE F-Series CIRJE-F-1108, CIRJE, Faculty of Economics, University of Tokyo.
    2. Antonia Lopez Villavicencio & Marc Pourroy, 2019. "Does Inflation Targeting Always Matter for the ERPT? A robust approach," Working Papers hal-02082568, HAL.

  2. Brent Bundick & Andrew Lee Smith & Trenton Herriford, 2017. "Forward Guidance, Monetary Policy Uncertainty, and the Term Premium," Research Working Paper RWP 17-7, Federal Reserve Bank of Kansas City, revised 12 Jul 2017.

    Cited by:

    1. Kurt Graden Lunsford, 2018. "Understanding the Aspects of Federal Reserve Forward Guidance," Working Papers (Old Series) 1815, Federal Reserve Bank of Cleveland, revised 07 Nov 2018.
    2. Aeimit Lakdawala & Michael Bauer & Philippe Mueller, 2019. "Market-Based Monetary Policy Uncertainty," 2019 Meeting Papers 1403, Society for Economic Dynamics.
    3. Hansen, Stephen & McMahon, Michael & Tong, Matthew, 2019. "The Long-Run Information Effect of Central Bank Communication," CEPR Discussion Papers 13438, C.E.P.R. Discussion Papers.
    4. Efrem Castelnuovo, 2019. "Yield Curve and Financial Uncertainty: Evidence Based on US Data," "Marco Fanno" Working Papers 0234, Dipartimento di Scienze Economiche "Marco Fanno".
    5. Chen, Zhengyang, 2019. "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," EconStor Preprints 204579, ZBW - Leibniz Information Centre for Economics.
    6. Bluwstein, Kristina & Yung, Julieta, 2019. "Back to the real economy: the effects of risk perception shocks on the term premium and bank lending," Bank of England working papers 806, Bank of England.

  3. Brent Bundick & Andrew Lee Smith, 2016. "The dynamic effects of forward guidance shocks," Research Working Paper RWP 16-2, Federal Reserve Bank of Kansas City, revised 15 Jan 2016.

    Cited by:

    1. Kurt Graden Lunsford, 2018. "Understanding the Aspects of Federal Reserve Forward Guidance," Working Papers (Old Series) 1815, Federal Reserve Bank of Cleveland, revised 07 Nov 2018.
    2. Maliar, Lilia & Taylor, John B., 2018. "Forward Guidance: Is It Useful After the Crisis?," CEPR Discussion Papers 13383, C.E.P.R. Discussion Papers.
    3. Christian Bredemeier & Andreas Schabert & Christoph Kaufmann, 2018. "Interest Rate Spreads and Forward Guidance," 2018 Meeting Papers 491, Society for Economic Dynamics.
    4. Paul Hubert & Fabien Labondance, 2018. "The Effect of ECB Forward Guidance on the Term Structure of Interest Rates," International Journal of Central Banking, International Journal of Central Banking, vol. 14(5), pages 193-222, December.
    5. Hartmann, Philipp & Smets, Frank, 2018. "The first twenty years of the European Central Bank: monetary policy," CEPR Discussion Papers 13411, C.E.P.R. Discussion Papers.
    6. Janice C. Eberly & James H. Stock & Jonathan H. Wright, 2019. "The Federal Reserve’s Current Framework for Monetary Policy: A Review and Assessment," NBER Working Papers 26002, National Bureau of Economic Research, Inc.
    7. Jeffrey R. Campbell & Jonas D. M. Fisher & Alejandro Justiniano & Leonardo Melosi, 2017. "Forward Guidance and Macroeconomic Outcomes since the Financial Crisis," NBER Macroeconomics Annual, University of Chicago Press, vol. 31(1), pages 283-357.
    8. Lakdawala, Aeimit, 2016. "Decomposing the Effects of Monetary Policy Using an External Instruments SVAR," MPRA Paper 78254, University Library of Munich, Germany.
    9. Xu Zhang, 2018. "Evaluating the Effects of Forward Guidance and Large-scale Asset Purchases," 2018 Meeting Papers 894, Society for Economic Dynamics.
    10. Paul Hubert & Fabien Labondance, 2016. "The Effect of ECB Forward Guidance on Policy Expectations," Working Papers 2016-12, CRESE.
    11. Lilia Maliar & John B. Taylor, 2019. "Forward Guidance: Is It Useful Away from the Lower Bound?," NBER Working Papers 26053, National Bureau of Economic Research, Inc.

  4. Andrew Lee Smith, 2015. "When does the cost channel pose a challenge to inflation targeting central banks?," Research Working Paper RWP 15-6, Federal Reserve Bank of Kansas City, revised 01 Jun 2015.

    Cited by:

    1. Dorothea Schäfer & Andreas Stephan & Khanh Trung Hoang, 2017. "The Cost Channel Effect of Monetary Transmission: How Effective Is the ECB’s Low Interest Rate Policy for Increasing Inflation?," Discussion Papers of DIW Berlin 1654, DIW Berlin, German Institute for Economic Research.

  5. John Keating & Logan J. Kelly & Andrew Lee Smith & Victor J. Valcarcel, 2014. "A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201401, University of Kansas, Department of Economics.

    Cited by:

    1. Keating, John W. & Kelly, Logan J. & Valcarcel, Victor J., 2014. "Solving the price puzzle with an alternative indicator of monetary policy," Economics Letters, Elsevier, vol. 124(2), pages 188-194.
    2. Michael T. Belongia & Peter N. Ireland, 2019. "A Classical View of the Business Cycle," NBER Working Papers 26056, National Bureau of Economic Research, Inc.
    3. Michael T. Belongia & Peter N. Ireland, 2013. "Instability: Monetary and Real," Boston College Working Papers in Economics 830, Boston College Department of Economics.
    4. Michael T. Belongia & Peter N. Ireland, 2016. "Money and Output: Friedman and Schwartz Revisited," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(6), pages 1223-1266, September.
    5. Michael T. Belongia & Peter N. Ireland, 2017. "The Demand for Divisia Money: Theory and Evidence," Boston College Working Papers in Economics 937, Boston College Department of Economics.
    6. Michael T. Belongia & Peter N. Ireland, 2016. "Targeting Constant Money Growth at the Zero Lower Bound," Boston College Working Papers in Economics 913, Boston College Department of Economics.
    7. Chen, Zhengyang, 2019. "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," EconStor Preprints 204579, ZBW - Leibniz Information Centre for Economics.
    8. Zhengyang Chen, 2019. "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," 2019 Papers pch1858, Job Market Papers.

  6. John Keating & Andrew Lee Smith, 2013. "Determinacy and Indeterminacy in Monetary Policy Rules with Money," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201310, University of Kansas, Department of Economics.

    Cited by:

    1. Qureshi, Irfan, 2018. "Money Aggregates and Determinacy : A Reinterpretation of Monetary Policy During the Great Inflation," The Warwick Economics Research Paper Series (TWERPS) 1156, University of Warwick, Department of Economics.
    2. John W. Keating & Logan J. Kelly & A. Lee Smith & Victor J. Valcarcel, 2019. "A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 227-259, February.

  7. Andrew Lee Smith, 2013. "House Prices, Heterogeneous Banks and Unconventional Monetary Policy Options," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201311, University of Kansas, Department of Economics.

    Cited by:

    1. Signe Rosenberg, 2018. "The Effects of Conventional and Unconventional Monetary Policy on House Prices in the Scandinavian Countries," TUT Economic Research Series 44, Department of Finance and Economics, Tallinn University of Technology.

  8. John Keating & Andrew Lee Smith, 2013. "Price Versus Financial Stability: A role for money in Taylor rules?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201307, University of Kansas, Department of Economics.

    Cited by:

    1. John Keating & Andrew Lee Smith, 2013. "Determinacy and Indeterminacy in Monetary Policy Rules with Money," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201310, University of Kansas, Department of Economics.

Articles

  1. Craig S. Hakkio & Andrew Lee Smith, 2017. "Bond Premiums and the Natural Real Rate of Interest," Economic Review, Federal Reserve Bank of Kansas City, pages 5-39.

    Cited by:

    1. Andrew Filardo & Jouchi Nakajima, 2018. "Effectiveness of unconventional monetary policies in a low interest rate environment," BIS Working Papers 691, Bank for International Settlements.
    2. Yosuke Okazaki & Nao Sudo, 2018. "Natural Rate of Interest in Japan -- Measuring its size and identifying drivers based on a DSGE model --," Bank of Japan Working Paper Series 18-E-6, Bank of Japan.
    3. Benjamin K. Johannsen & Elmar Mertens, 2016. "A Time Series Model of Interest Rates With the Effective Lower Bound," Finance and Economics Discussion Series 2016-033, Board of Governors of the Federal Reserve System (U.S.).
    4. Troy A. Davig & Andrew Lee Smith, 2017. "Forecasting the Stance of Monetary Policy under Balance Sheet Adjustments," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, May 10.

  2. Andrew Lee Smith, 2016. "How much of the fall in inflation can be explained by energy and import prices?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Jan 15.

    Cited by:

    1. George A. Kahn & Nicholas Sly, 2017. "Subsiding Headwinds from the Strong Dollar: Evidence from Producer Prices along the Supply Chain," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-6, Jul 13.

  3. Didem Tuzemen & Troy A. Davig & Jun Nie & Nida Cakir Melek & Andrew Lee Smith, 2015. "Evaluating a year of oil price volatility," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Sept 8.

    Cited by:

    1. Raphael Raduzzi & Antonio Ribba, 2017. "The Macroeconomics Outcome of Oil Shocks in the Small Eurozone Economies," Center for Economic Research (RECent) 127, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".

  4. Andrew Lee Smith & Thealexa Becker, 2015. "Has forward guidance been effective?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Sep 4.

    Cited by:

    1. Richhild Moessner & David-Jan Jansen & Jakob de Haan, 2017. "Communication About Future Policy Rates In Theory And Practice: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(3), pages 678-711, July.
    2. Brent Bundick, 2015. "Estimating the monetary policy rule perceived by forecasters," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, Dec 28.
    3. Alex Isakov & Petr Grishin & Oleg Gorlinsky, 2018. "Fear of Forward Guidance," Russian Journal of Money and Finance, Bank of Russia, vol. 77(4), pages 84-106, December.
    4. Hanna O. Sakhno, 2018. "Central Bank Communication In The Xxi Century: A Survey Of Theory And Evidence," HSE Working papers WP BRP 16/PSP/2018, National Research University Higher School of Economics.
    5. Luis E. Arango & Javier Pantoja & Carlos Velásquez, 2017. "Effects of the central bank’s communications in Colombia. A content analysis," Borradores de Economia 1024, Banco de la Republica de Colombia.

More information

Research fields, statistics, top rankings, if available.

Statistics

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 11 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (11) 2013-10-18 2013-11-16 2013-11-16 2015-02-05 2015-02-28 2016-04-04 2016-05-21 2017-08-06 2018-02-19 2018-12-24 2019-01-28. Author is listed
  2. NEP-CBA: Central Banking (9) 2013-10-18 2013-11-16 2013-11-16 2015-02-05 2015-02-28 2016-05-21 2018-02-19 2018-12-24 2019-01-28. Author is listed
  3. NEP-MON: Monetary Economics (9) 2013-10-18 2013-11-16 2015-02-05 2015-02-28 2016-04-04 2016-05-21 2017-08-06 2018-02-19 2018-12-24. Author is listed
  4. NEP-DGE: Dynamic General Equilibrium (4) 2013-11-16 2015-02-05 2015-02-28 2018-12-24. Author is listed
  5. NEP-BAN: Banking (3) 2013-10-18 2013-11-16 2015-02-28. Author is listed
  6. NEP-URE: Urban & Real Estate Economics (2) 2013-11-16 2015-02-28
  7. NEP-ECM: Econometrics (1) 2019-01-28
  8. NEP-ETS: Econometric Time Series (1) 2019-01-28

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