Stephen Williamson

Standard Vita



Ph.D., Economics
University of Wisconsin-Madison

M.A., Economics
Queen’s University

B.Sc. (honors, mathematics)
Queen’s University

Contact Info

Phone: (314) 444-8566
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries contact:
Laura Girresch
Office: (314) 444-6166
Cell: (314) 348-3639

Stephen Williamson

Vice President

Articles Published in Peer-Reviewed Journals

"Credit Markets, Limited Commitment, and Government Debt"
with Francesca Carapella
FORTHCOMING: Review of Economic Studies.

"Keynesian Inefficiency and Optimal Policy: A New Monetarist Approach"
FORTHCOMING: Journal of Money, Credit, and Banking.

"Scarcity of Safe Assets, Inflation, and the Policy Trap"
with David Andolfatto
FORTHCOMING: Journal of Monetary Economics.

“Liquidity, Financial Intermediation, and Monetary Policy in a New Monetarist Model,”American Economic Review 102, 2570-2605, 2012.

“A Defense of Contemporary Economics: Zombie Economics in Review,” Agenda: A Journal of Policy Analysis and Reform 18, 55-86, 2011.

"Adverse Selection, Segmented Markets, and the Role of Monetary Policy," with Daniel Sanches, Macreconomic Dynamics 15, 269-292, 2011.

"Money and Credit with Limited Commitment and Theft," with Daniel Sanches, Journal of Economic Theory 145, 1525-1549, 2010.

"Transactions, Credit, and Central Banking in a Model of Segmented Markets," Review of Economic Dynamics 12, 344-362, 2009.

"Monetary Policy and Distribution," Journal of Monetary Economics 55, 1038-1053, 2008.

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Macroeconomics, Third Edition, Pearson Addison-Wesley, Boston MA, 2008.

Macroeconomics, Third Canadian Edition, Pearson Education Canada, Toronto, 2010.

Macroeconomics, Fourth Edition, Pearson Addison-Wesley, Boston MA, 2011.

Macroeconomics, Fourth Canadian Edition, Pearson Education Canada, Toronto, 2013.

Macroeconomics, Fifth Edition, Pearson Addison-Wesley, Boston MA, 2014.

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Book Chapters, Articles in Federal Reserve Publications, Comments, Reviews, Etc.

“Monetary Policy in the United States: A Brave New World?” St. Louis Federal Reserve Bank Review 96, 111-122, June 2014.

“New Monetarist Economics: Understanding Unconventional Monetary Policy,” Economic Record 88, 10—21, 2012.

"New Monetarist Economics: Models," with Randall Wright, Handbook of Monetary Economics, vol. 3A, B. Friedman and M. Woodford, eds., Elsevier, pp. 25-96, 2011.

Book Review: “Zombie Economics: How Dead Ideas Still Walk Among Us,” by John Quiggin, Journal of Economic Literature 49, 1238-1241, 2011.

“Liquidity Constraints,” in The New Palgrave Dictionary of Economics, Second Edition, Blume, L. and Durlauf, S., eds., Macmillan.

“New Monetarist Economics: Methods,” with Randall Wright, St. Louis Federal Reserve Bank Review 92, 265-302, July/August 2010.

“New Keynesian Economics: A Monetary Perspective,” Federal Reserve Bank of Richmond Economic Quarterly 94, 197-218, 2008.

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Editorial Work

Co-Editor, Economic Theory, 2003-2010.

Associate Editor, Review of Economic Dynamics, 2000 - present.

Associate Editor, Journal of Monetary Economics, 1995 - present.

Editorial Board, Canadian Journal of Economics, 1992-1995


Working Papers

"Central Bank Purchases of Private Assets"
Working Paper 2014-026A, posted October 2014.

"Scarce Collateral, the Term Premium, and Quantitative Easing"
Working Paper 2014-008A, posted March 2014.

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