Contact Information
202-452-3589
shane.m.sherlund@frb.gov

Fields of Interest
Real Estate
Econometrics and Statistics

Education
Ph.D., Economics, University of Wisconsin-Madison, 2003
M.S., Economics, University of Wisconsin-Madison, 2000; Utah State University, 1998
B.S., Economics and Mathematics, Utah State University, 1996

Professional Experience
Board of Governors of the Federal Reserve System, 2003-present

Selected Publications

• ''Making Sense of the Subprime Crisis'' (with Kristopher Gerardi, Andreas Lehnert, and Paul Willen), Brookings Papers on Economic Activity (forthcoming).
• ''The Rise in Mortgage Defaults'' (with Chris Mayer and Karen Pence), Journal of Economic Perspectives (forthcoming).
• ''GSEs, Mortgage Rates, and Secondary Market Activities'' (with Andreas Lehnert and Wayne Passmore), Journal of Real Estate Finance and Economics, vol. 36 (April 2008), pp. 343-63.
• The Jumbo-Conforming Spread: A Semiparametric Approach, Finance and Economics Discussion Series 2008-01. Washington: Board of Governors of the Federal Reserve System, 2008.
• GSEs, Mortgage Rates, and Secondary Market Activities (with Andreas Lehnert and Wayne Passmore), Finance and Economics Discussion Series 2006-30. Washington: Board of Governors of the Federal Reserve System, 2006.
• The Competitive Effects of Risk-Based Bank Capital Regulation: An Example from U.S. Mortgage Markets (with Diana Hancock, Andreas Lehnert, and Wayne Passmore), Finance and Economics Discussion Series 2006-46. Washington: Board of Governors of the Federal Reserve System, 2006.
• ''The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates'' (with Wayne Passmore and Gillian Burgess), Real Estate Economics, vol. 33 (Fall 2005), pp. 427-63.
• An Analysis of the Potential Competitive Impacts of Basel II Capital Standards on U.S. Mortgage Rates and Mortgage Securitization (with Andreas Lehnert, Diana Hancock, and Wayne Passmore), Basel II Capital Accord White Papers. Washington: Board of Governors of the Federal Reserve System, 2005.
• The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates (with Wayne Passmore and Gillian Burgess), Finance and Economics Discussion Series 2005-06. Washington: Board of Governors of the Federal Reserve System, 2005.
• ''Do Labor Issues Matter in the Determination of U.S. Trade Policy? An Empirical Reevaluation'' (with Xenia Matschke), American Economic Review, vol. 96 (March 2006), pp. 405-21.
• ''Do Newly Retired Workers in the United States Have Sufficient Resources to Maintain Well-Being?'' (with Robert Haveman, Karen Holden, and Barbara Wolfe), Economic Inquiry, vol. 44 (April 2006), pp. 249-64.
• Are Antidumping Duties for Sale? Case-Level Evidence on the Grossman-Helpman Protection for Sale Model (with Carolyn L. Evans), International Finance Discussion Papers 888. Washington: Board of Governors of the Federal Reserve System, 2006.
• ''Shadow Wages, Allocative Inefficiency, and Labor Supply in Smallholder Agriculture'' (with Christopher B. Barrett and Akinwumi A. Adesina), Agricultural Economics, vol. 38 (January 2008), pp. 21-34.
• ''Macroeconomic Shocks, Human Capital, and Productive Efficiency: Evidence from West African Rice Farmers'' (with Christopher B. Barrett and Akinwumi A. Adesina), Journal of African Economies, vol. 15 (September 2006), pp. 343-72.
• ''Smallholder Technical Efficiency Controlling for Environmental Production Conditions'' (with Christopher B. Barrett and Akinwumi A. Adesina), Journal of Development Economics, vol. 69 (October 2002), pp. 85-101.