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TheEconomists

Photo of Francisco B. Covas

Francisco B. Covas

Senior Economist

Banking Analysis Section

Monetary Affairs

202-452-3497
francisco.b.covas@frb.gov
Education
  • Ph.D., Economics, University of California - San Diego, 2004
  • B.A., Economics, Universidade Nova de Lisboa, 1997

  • Current Research Topics

  • Macro Stress Testing
  • Changes in Banking Regulation and the Macroeconomy
Fields of Interest

    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2011 - present

    • Economist

      Board of Governors of the Federal Reserve System

    • 2007 - 2011

    • Senior Analyst

      Bank of Canada

    • 2004 - 2007
  • Covas, Francisco, and Shigeru Fujita (2011). "Private Equity Premium and Aggregate Uncertainty in a Model of Uninsurable Investment Risk," The B.E. Journal of Macroeconomics, vol. 11, no. 1, pp. Article 20.
  • Covas, Francisco, and Wouter J. Den Haan (2011). "The Cyclical Behavior of Debt and Equity Finance," American Economic Review, vol. 101, no. 2, pp. 877-899.
  • Covas, Francisco, and Shigeru Fujita (2010). "Procyclicality of Capital Requirements in a General Equilibrium Model of Liquidity Dependence," International Journal of Central Banking, vol. 6, pp. 137-173.
  • Covas, Francisco, and Yahong Zhang (2010). "Price-Level Versus Inflation Targeting with Financial Market Imperfections," Canadian Journal of Economics, vol. 43, no. 4, pp. 1302-1332.
  • Covas, Francisco (2006). "Uninsured Idiosyncratic Production Risk with Borrowing Constraints," Journal of Economic Dynamics and Control, vol. 30, no. 11, pp. 2167-2190.
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Last update: March 30, 2012