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Daniel L. Thornton



Ph.D. Economics
University of Missouri-Columbia

M.S. Economics
Arizona State University

B.A. Economics
Parsons College

Contact Info

Fax: (314) 444-8731

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

Daniel L. Thornton


Daniel Thornton retired on August 4, 2014. He can be contacted at

Other Publications

"The Federal Reserve’s Response to the Financial Crisis: What It Did and What It Should Have Done"
in Jagjit S. Chadha, Alain C. J. Durré, Michael A. S. Joyce, and Lucio Sarno, ed., Developments in Macro-Finance Yield Curve Modelling
Cambridge University Press, 2014, Chapter 4, pp. 90-120

"A Perspective on Financial Market Reform"
Prepared for International Center for Banking and Corporate Governance, July 2010.

"Open Market Operations and the Federal Funds Rate"
in David G. Mayes and Jan Toporowski, ed., Open Market Operations and Financial Markets, 1st Edition
Routledge, 2007, Chapter 8, pp. 178-209

"A Primer on Cointegration with an Application to Money and Income"
with  David A. Dickey and  Dennis W. Jansen
in B. Bhaskara Rao, ed., Cointegration for the Applied Economist
Palgrave Macmillan, 1994, Chapter 2, pp. 9-45

"Comments on "Federal Reserve Operating Procedures and Institutional Change" by John Wenninger and William Lee"
Financial and Economics Discussion Series, Working Studies, March 1993.

"Financial Innovation: Causes and Consequences"
with  Courtenay C. Stone
in Kevin Dowd and Mervyn K. Lewis, ed., Current Issues in Financial and Monetary Economics
Palgrave Macmillan, 1992, Chapter 5, pp. 81-109