Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 1989 - present

• • Army Officer

    United States Army

  • 1985 - 1989

Publications

• Small, David H., and James Clouse (2005). "The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act," B.E. Journals in Macroeconomics: Topics in Macroeconomics, vol. 5, no. 1, pp. 1-41.
• Clouse, James A. (2004). "Reading the Minds of Investors: An Empirical Term Structure Model for Policy Analysis," Finance and Economics Discussion Series 2004-64. Board of Governors of the Federal Reserve System (U.S.).
• Small, David H., and James A. Clouse (2004). "The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act," Finance and Economics Discussion Series 2004-40. Board of Governors of the Federal Reserve System (U.S.).
• Clouse, James (2003). "Monetary Policy when the Nominal Short-Term Interest Rate is Zero," Topics in Macroeconomics, Vol. 3, no. 1.
• Clouse, James A. (2002). "Are U.S. Reserve Requirements Still Binding? Commentary," Federal Reserve Bank of New York Economic Policy Review, vol. 8, no. 1, pp. 69-71.
• Clouse, James A., and James P. Dow Jr. (2002). "A Computational Model of Banks' Optimal Reserve Management Policy," Journal of Economic Dynamics and Control, vol. 26, no. 11, pp. 1787-1814.
• Clouse, James, Dale Henderson, Athanasios Orphanides, David Small, and Peter Tinsley (2000). "Monetary Policy when the Nominal Short-Term Interest Rate is Zero," Finance and Economics Discussion Series 2000-51. Board of Governors of the Federal Reserve System (U.S.).
• Clouse, James A., and James P. Dow Jr. (1999). "Fixed Costs and the Behavior of the Federal Funds Rate," Journal of Banking and Finance, vol. 23, no. 7, pp. 1015-1029.
• Clouse, James A., and Douglas W. Elmendorf (1997). "Declining Required Reserves and the Volatility of the Federal Funds Rate," Finance and Economics Discussion Series 1997-30. Board of Governors of the Federal Reserve System (U.S.).
• Clouse, James A. (1994). "Recent Developments in Discount Window Policy," Federal Reserve Bulletin, vol. 80, no. 11, pp. 965-977.
• Clouse, James A. (1993). "Some Monetary Policy Implications of Safety and Soundness Reforms," Finance and Economics Discussion Series 93-31. Board of Governors of the Federal Reserve System (U.S.).

Other Activities