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Richard Anderson

Vice President and Economist

Education

Ph.D. Economics
Massachusetts Institute of Technology
1980

B.A. Economics
University of Minnesota
1972

Contact Info


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

For media inquiries contact:
Laura Taylor
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 313-4613





Review Articles

"A Comprehensive Revision of the U.S. Monetary Services (Divisia) Indexes,"
with Barry Jones.
Federal Reserve Bank of St. Louis Review, September/October 2011, Vol. 93, No. 5, 325-360.

"Doubling Your Monetary Base and Surviving: Some International Experience,"
with Charles S. Gascon and Yang Liu.
Federal Reserve Bank of St. Louis Review, November/December 2010, Vol. 92, No. 6, 481-506.

"FOMC Learning and Productivity Growth (1985-2003): A Reading of the Record,"
with Kevin L. Kliesen.
Federal Reserve Bank of St. Louis Review, March/April 2010, Vol. 92, No. 2, 129-154.

"The Commercial Paper Market, the Fed, and the 2007-2009 Financial Crisis,"
with Charles S. Gascon.
Federal Reserve Bank of St. Louis Review, November/December 2009, Vol. 91, No. 6, 589-612.

"Editor's Introduction: Projecting Potential Growth: Issues and Measurements — The 33rd Annual Economic Policy Conference"
Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 181-5.

"Editor's Introduction: Projecting Potential Growth: Issues and Measurements — The 33rd Annual Economic Policy Conference"
Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 181-5.

"Estimating U.S. Output Growth with Vintage Data in a State-Space Framework,"
with Charles S. Gascon.
Federal Reserve Bank of St. Louis Review, July/August 2009, Vol. 91, No. 4, 349-370.

"A Discussion on Financial Market Turmoil"
Lecture presented at Aston University, Birmingham, U.K., November 12, 2008, regarding the financial crisis in the United States. Reviews subprime mortgage finance, the progression of events during 2007 and 2008, and the Federal Reserve's actions to forestall further problems.

"Currency Design in the United States and Abroad: Counterfeit Deterrence and Visual Accessibility,"
with Marcela M. Williams.
Federal Reserve Bank of St. Louis Review, September/October 2007, Vol. 89, No. 5, 371-414.

"The 1990s Acceleration in Labor Productivity: Causes and Measurement,"
with Kevin L. Kliesen.
Federal Reserve Bank of St. Louis Review, May/June 2006, Vol. 88, No. 3, 181-202.

"Replicability, Real-Time Data, and the Science of Economic Research: FRED, ALFRED, and VDC,"
Federal Reserve Bank of St. Louis Review, January/February 2006, Vol. 88, No. 1, 81-94.

"Revisions to User Costs for the Federal Reserve Bank of St. Louis Monetary Services Indices,"
with Jason J. Buol.
Federal Reserve Bank of St. Louis Review, November/December 2005, Vol. 87, No. 6, 735-50.

"A Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves,"
with Robert H. Rasche and Jeffrey Loesel.
Federal Reserve Bank of St. Louis Review, September/October 2003, Vol. 85, No. 5, 39-70.

"Retail Sweep Programs and Bank Reserves, 1994-1999,"
with Robert H. Rasche.
Federal Reserve Bank of St. Louis Review, January/February 2001, Vol. 83, No. 1, 51-72.

"Retail Sweep Programs and Bank Reserves"
withRobert H. Rasche
Federal Reserve Bank of St. Louis Review, January/February 2001, 83(1), pp. 51-72.

"Real Output in Switzerland: New Estimates for 1914-47,"
with Felix Andrist and Marcela M. Williams.
Federal Reserve Bank of St. Louis Review, May/June 2000, Vol. 82, No. 3, 43-70.

"Eighty Years of Observations on the Adjusted Base 1918-1997"
withRobert H. Rasche
Federal Reserve Bank of St. Louis Review, January/February 1999, 81(1), pp. 3-22.

"Eighty Years of Oberservations on the Adjusted Monetary Base: 1918-1997,"
with Robert H. Rasche.
Federal Reserve Bank of St. Louis Review, January/February 1999, Vol. 81, No. 1, 3-22.

"Building New Monetary Services Indexes: Concepts Data and Methods,"
with Barry Jones and Travis Nesmith.
Federal Reserve Bank of St. Louis Review, January/February 1997, Vol. 79, No. 1, 53-82.

"Monetary Aggregation Theory and Statistical Index Numbers,"
with Barry Jones and Travis Nesmith.
Federal Reserve Bank of St. Louis Review, January/February 1997, Vol. 79, No. 1, 31-52.

"Introduction to the St. Louis Monetary Services Index Project ("
with Barry Jones and Travis Nesmith.
Federal Reserve Bank of St. Louis Review, January/February 1997, Vol. 79, No. 1, 25-30.

"Building New Services Indexes: Concepts, Data and Methods"
with Barry E. Jones and Travis D. Nesmith
Federal Reserve Bank of St. Louis Review, January/February 1997, 79(1), pp. 53-82.

"Measuring the Adjusted Monetary Base in an Era of Financial Change,"
with Robert H. Rasche.
Federal Reserve Bank of St. Louis Review, November/December 1996, Vol. 78, No. 6, 3-37.

"A Revised Measure of the St. Louis Adjusted Monetary Base,"
with Robert H. Rasche.
Federal Reserve Bank of St. Louis Review, March/April 1996, Vol. 78, No. 2, 3-14.

"Replication and Scientific Standards in Applied Economics A Decade After the Journal of Money, Credit and Banking Project,"
with William G. Dewald.
Federal Reserve Bank of St. Louis Review, November/December 1994, Vol. 76, No. 6, 79-83.

"A Historical Perspective on the Federal Reserve's Monetary Aggregates: Definition, Construction and Targeting,"
with Kenneth A. Kavajecz.
Federal Reserve Bank of St. Louis Review, March/April 1994, Vol. 76, No. 2, 1-31.

"The Effect of Mortgage Refinancing on Money Demand and the Monetary Aggregates,"
Federal Reserve Bank of St. Louis Review, July/August 1993, Vol. 75, No. 4, 49-63.

"Has the Long-Run Velocity of M2 Shifted? Evidence from the P*Model"
with Jeffrey J. Hallman
Federal Reserve Bank of Cleveland Economic Review, First Quarter 1993, 29(1).


Regional Economist Articles

"Banks and Credit Unions: Competition Not Going Away"
with Yang Liu
Federal Reserve Bank of St. Louis The Regional Economist, April 2013.

"How Low Can You Go? Negative Interest Rates and Investors' Flight to Safety"
with Yang Liu
Federal Reserve Bank of St. Louis The Regional Economist, January 2013.

"A Closer Look: Assistance Programs in the Wake of the Crisis"
with Charles S. Gascon
Federal Reserve Bank of St. Louis The Regional Economist, January 2011, pp. 4-10.

"The Curious Case of the U.S. Base"
Federal Reserve Bank of St. Louis The Regional Economist, July 2009, pp. 12-13.

"The Curious Case of the U.S. Base"
Federal Reserve Bank of St. Louis The Regional Economist, July 2009, pp. 12-13.

"What is Driving Oil Prices?"
with Jason J. Buol
Federal Reserve Bank of St. Louis The Regional Economist, January 2005, pp. 10-11.

"Does Uncertainty about Oil Prices Slow Down the Economy?"
with Michelle T. Meisch
Federal Reserve Bank of St. Louis The Regional Economist, October 2003. pp. 12-13.


Economic Synopses Articles

"Japan as a Role Model?"
Federal Reserve Bank of St. Louis Economic Synopses, 2013, No. 19.

"Quantitative Easing the Swedish Way,"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 33.

"How Positive Are Recent Employment and Labor Market Trends?"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 25.

"Driving to Recession and Recovery,"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 22.

"The FOMC: Transparency Achieved?"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 9.

"Liquidity Crises in the Small and Large,"
with Barry Jones.
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 34.

"Monetary Policy, Bubbles, and Goldilocks,"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 2.

"Is More QE in Sight?"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 31.

"The First U.S. Quantitative Easing: The 1930s,"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 17.

"The Financial Services Sector: Boom and Recession,"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 39.

"The Success of the CPFF?"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 18.

"British Banking in Crisis,"
with Andrew W. Mullineux.
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 16.

"Bankers Acceptances and Unconventional Monetary Policy: FAQs,"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 14.

"Resolving a Banking Crisis, the Nordic Way,"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 10.

"Bagehot on the Financial Crises of 1825…and 2008,"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 7.

"Bankers’ Acceptances: Yesterday’s Instrument to Restart Today’s Credit Markets?"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 5.

"Paying Interest on Deposits at Federal Reserve Banks,"
Federal Reserve Bank of St. Louis Economic Synopses, 2008, No. 30.

"Fueling Expected Inflation,"
with Charles S. Gascon.
Federal Reserve Bank of St. Louis Economic Synopses, 2008, No. 21.

"Monetary Policy’s Third Interest Rate,"
Federal Reserve Bank of St. Louis Economic Synopses, 2008, No. 15.

"Energy and the Economy,"
Federal Reserve Bank of St. Louis Economic Synopses, 2008, No. 9.

"The FOMC in 1978,"
with Charles S. Gascon.
Federal Reserve Bank of St. Louis Economic Synopses, 2007, No. 18.

"How Well Do Wages Follow Productivity Growth?"
Federal Reserve Bank of St. Louis Economic Synopses, 2007, No. 7.

"U.S. Currency at Home and Abroad,"
with Marcela M. Williams.
Federal Reserve Bank of St. Louis Economic Synopses, 2007, No. 6.

"Yield Curve Inversions and Cyclical Peaks,"
Federal Reserve Bank of St. Louis Economic Synopses, 2006, No. 10.

"The Long-Run Benefits of Sustained Low Inflation,"
Federal Reserve Bank of St. Louis Economic Synopses, 2006, No. 5.

"TIPS for Social Security?"
Federal Reserve Bank of St. Louis Economic Synopses, 2005, No. 9.

"Wicksell’s Natural Rate,"
Federal Reserve Bank of St. Louis Economic Synopses, 2005, No. 6.

"A Neutral Federal Funds Rate?"
with Jason J. Buol and Robert H. Rasche.
Federal Reserve Bank of St. Louis Economic Synopses, 2004, No. 28.

"Perfecting Housing Finance,"
Federal Reserve Bank of St. Louis Economic Synopses, 2004, No. 25.

"The FOMC’s “Considerable Period”,"
with Daniel L. Thornton.
Federal Reserve Bank of St. Louis Economic Synopses, 2004, No. 3.

"A Case for Oil?"
with Michelle T. Meisch.
Federal Reserve Bank of St. Louis Economic Synopses, 2003, No. 14.

"Interpreting Monetary Growth,"
Federal Reserve Bank of St. Louis Economic Synopses, 2002, No. 3.


Monetary Trends Articles

"Retail Sweep Programs and Money Demand"
Federal Reserve Bank of St. Louis Monetary Trends, November 2002.




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