Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 1993 - present

• • Economist

    Bureau of Economic Analysis, U.S. Department of Commerce

  • 1980 - 1986

Publications

• Bernanke, Ben S., Carol Bertaut, Laurie Pounder DeMarco, and Steven B. Kamin (2011). "International Capital Flows and the Returns to Safe Assets in the United States, 2003-2007," Banque de France Financial Stability Review, vol. 15, pp. 13-26.
• Bernanke, Ben S., Carol Bertaut, Laurie Pounder DeMarco, and Steven Kamin (2011). "International Capital Flows and the Returns to Safe Assets in the United States, 2003-2007," International Finance Discussion Papers 1014. Board of Governors of the Federal Reserve System (U.S.).
• Bertaut, Carol C., Laurie Pounder DeMarco, Steven Kamin, and Ralph W. Tryon (2011). "ABS Inflows to the United States and the Global Financial Crisis," International Finance Discussion Papers 1028. Board of Governors of the Federal Reserve System (U.S.).
• Bertaut, Carol C., and Laurie Pounder (2009). "The Financial Crisis and U.S. Cross-Border Financial Flows," Federal Reserve Bulletin, vol. 95, pp. A147-67.
• Bertaut, Carol C., Michael Haliassos, and Michael Reiter (2009). "Credit Card Debt Puzzles and Debt Revolvers for Self Control," Review of Finance, vol. 13, no. 4, pp. 657-692.
• Bertaut, Carol C., Steven B. Kamin, and Charles P. Thomas (2009). "How Long can the Unsustainable U.S. Current Account Deficit be Sustained?" IMF Staff Papers, vol. 56, no. 3, pp. 596-632.
• Bertaut, Carol C. (2008). "Assessing the Potential for further Foreign Demand for U.S. Assets: Has Financing U.S. Current Account Deficits made Foreign Investors Overweight in U.S. Securities?" International Finance Discussion Papers 950. Board of Governors of the Federal Reserve System (U.S.).
• Bertaut, Carol C., and Ralph W. Tryon (2007). "Monthly Estimates of U.S. Cross-Border Securities Positions," International Finance Discussion Papers 910. Board of Governors of the Federal Reserve System (U.S.).
• Bertaut, Carol C., William L. Griever, and Ralph W. Tryon (2006). "Understanding U.S. Cross-Border Securities Data," Federal Reserve Bulletin, vol. 92, pp. A59-A75.
• Bertaut, Carol C., and Linda S. Kole (2004). "What Makes Investors Over Or Underweight? Explaining International Appetites for Foreign Equities," International Finance Discussion Papers 819. Board of Governors of the Federal Reserve System (U.S.).
• Bertaut, Carol C., and William L. Griever (2004). "Recent Developments in Cross-Border Investment in Securities," Federal Reserve Bulletin, vol. 90, no. 1, pp. 19-31.
• Bertaut, Carol C. (2002). "Equity Prices, Household Wealth, and Consumption Growth in Foreign Industrial Countries: Wealth Effects in the 1990s," International Finance Discussion Papers 724. Board of Governors of the Federal Reserve System (U.S.).
• Bertaut, Carol C. (2002). "The European Central Bank and the Eurosystem," Federal Reserve Bank of Boston New England Economic Review, 2nd Quarter, pp. 25-28.
• Bertaut, Carol C., and Martha Starr-McCluer (2002). "Household Portfolios in the United States," in Guiso, ,Luigi, Haliassos Michael and Jappelli Tullio eds., Household Portfolios. Cambridge and London: MIT Press, pp. 181-217.
• Bertaut, Carol C., and Murat F. Iyigun (1999). "The Launch of the Euro," Federal Reserve Bulletin, vol. 85, no. 10, pp. 655-666.
• Bertaut, Carol C. (1998). "Stockholding Behavior of U.S. Households: Evidence from the 1983-1989 Survey of Consumer Finances," Review of Economics and Statistics, vol. 80, no. 2, pp. 263-275.
• Bertaut, Carol C., and Michael Haliassos (1997). "Precautionary Portfolio Behavior from a Life-Cycle Perspective," Journal of Economic Dynamics and Control, vol. 21, no. 8-9, pp. 1511-1542.
• Bertaut, Carol C. (1996). "Stockholding Behavior of U.S. Households: Evidence from the 1983-89 Survey of Consumer Finances," International Finance Discussion Papers 558. Board of Governors of the Federal Reserve System (U.S.).
• Haliassos, Michael, and Carol C. Bertaut (1995). "Why do so Few Hold Stocks?" Economic Journal, vol. 105, no. 432, pp. 1110-1129.

Other Activities