Contact Information
202-452-3796
martin.r.bodenstein@frb.gov

Fields of Interest
Open Economy Macroeconomics
Monetary Economics
Macroeconomics

Education
Ph.D., Economics, Northwestern University, 2005
Diplom, Economics, Universitaet Konstanz, Germany, 1999

Professional Experience
Board of Governors of the Federal Reserve System, 2005-present

Selected Publications

• Trade Elasticity of Substitution and Equilibrium Dynamics, International Finance Discussion Papers 934. Washington: Board of Governors of the Federal Reserve System, 2008.
• ''Optimal Monetary Policy with Distinct Core and Headline Inflation Rates'' (with Christopher Erceg and Luca Guerrieri), Journal of Monetary Economics (forthcoming).
• Oil Shocks and External Adjustment (with Christopher Erceg and Luca Guerrieri), International Finance Discussion Papers 897. Washington: Board of Governors of the Federal Reserve System, 2007.
• Closing Open Economy Models, International Finance Discussion Papers 867. Washington: Board of Governors of the Federal Reserve System, 2006.
• ''International Asset Markets and Real Exchange Rate Volatility,'' Review of Economic Dynamics, vol. 11 (July 2008), pp. 688-705.
• Of Nutters and Doves (with Roc Armenter), International Finance Discussion Papers 885. Washington: Board of Governors of the Federal Reserve System, 2006.
• Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse than You Think? (with Roc Armenter), International Finance Discussion Papers 865. Washington: Board of Governors of the Federal Reserve System, 2006.
• ''Can the U.S. Monetary Policy Fall (Again) in an Expectation Trap?'' (with Roc Armenter), Macroeconomic Dynamics (forthcoming).
• ''Political Yardstick Competition, Economic Integration, and Constitutional Choice in a Federation '' (with Heinrich Ursprung), Public Choice, vol. 124 (September 2005), pp. 329-352.