Professional Experience

• • Chief

    Board of Governors of the Federal Reserve System

  • 2011 - present

• • Senior Economist

    Board of Governors of the Federal Reserve System

  • 2008 - 2011

• • Economist

    Board of Governors of the Federal Reserve System

  • 2003 - 2008

Publications

• Dokko, Jane, Brian M. Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander J. Van den Heuvel (2011). "Monetary Policy and the Global Housing Bubble," Economic Policy, vol. 26, no. 66, pp. 233-283.
• Mayer, Christopher, Karen Pence, and Shane M. Sherlund (2009). "The Rise in Mortgage Defaults," Journal of Economic Perspectives, vol. 23, no. 1, pp. 27-50.
• Gerardi, Kristopher, Andreas Lehnert, Shane M. Sherlund, and Paul Willen (2008). "Making Sense of the Subprime Crisis," Brookings Papers on Economic Activity,pp. 69-145.
• Lehnert, Andreas, Wayne Passmore, and Shane M. Sherlund (2008). "GSEs, Mortgage Rates, and Secondary Market Activities," Journal of Real Estate Finance and Economics, vol. 36, no. 3, pp. 343-363.
• Passmore, Wayne, Shane M. Sherlund, and Gillian Burgess (2005). "The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates," Real Estate Economics, vol. 33, no. 3, pp. 427-463.
• Passmore, S. Wayne, Diana Hancock, Andreas Lehnert, and Shane M. Sherlund (2005). "An Analylsis of the Potential Competitive Impacts of Basel II Capital Standards on U.S. Mortgage Rates and Mortgage Securitization," in Basel II White Paper. Washington, D.C.: Board of Governors of the Federal Reserve System.
• Matschke, Xenia, and Shane M. Sherlund (2006). "Do Labor Issues Matter in the Determination of U.S. Trade Policy? an Empirical Reevaluation," American Economic Review, vol. 96, no. 1, pp. 405-421.
• Barrett, Christopher B., Shane M. Sherlund, and Akinwumi A. Adesina (2008). "Shadow Wages, Allocative Inefficiency, and Labor Supply in Smallholder Agriculture," Agricultural Economics, vol. 38, no. 1, pp. 21-34.
• Barrett, Christopher B., Shane M. Sherlund, and Akinwumi A. Adesina (2006). "Macroeconomic Shocks, Human Capital and Productive Efficiency: Evidence from West African Rice Farmers," Journal of African Economies, vol. 15, no. 3, pp. 343-372.
• Sherlund, Shane M., Christopher B. Barrett, and Akinwumi A. Adesina (2002). "Smallholder Technical Efficiency Controlling for Environmental Production Conditions," Journal of Development Economics, vol. 69, no. 1, pp. 85-101.
• Dokko, Jane, Brian Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander Van den Heuvel (2009). "Monetary Policy and the Housing Bubble," Finance and Economics Discussion Series 2009-49. Board of Governors of the Federal Reserve System (U.S.).
• Gerardi, Kristopher S., Andreas Lehnert, Shane M. Sherland, and Paul S. Willen (2009). "Making Sense of the Subprime Crisis," Public Policy Discussion Paper 09-1. Federal Reserve Bank of Boston.
• Nadauld, Taylor D., and Shane M. Sherlund (2009). "The Role of the Securitization Process in the Expansion of Subprime Credit," Finance and Economics Discussion Series 2009-28. Board of Governors of the Federal Reserve System (U.S.).
• Mayer, Christopher J., Karen M. Pence, and Shane M. Sherlund (2008). "The Rise in Mortgage Defaults," Finance and Economics Discussion Series 2008-59. Board of Governors of the Federal Reserve System (U.S.).
• Sherlund, Shane M. (2008). "The Jumbo-Conforming Spread: A Semiparametric Approach," Finance and Economics Discussion Series 2008-01. Board of Governors of the Federal Reserve System (U.S.).
• Sherlund, Shane M. (2008). "The Past, Present, and Future of Subprime Mortgages," Finance and Economics Discussion Series 2008-63. Board of Governors of the Federal Reserve System (U.S.).
• Evans, Carolyn L., and Shane M. Sherlund (2006). "Are Antidumping Duties for Sale? Case-Level Evidence on the Grossman-Helpman Protection for Sale Model," International Finance Discussion Papers 888. Board of Governors of the Federal Reserve System (U.S.).
• Hancock, Diana, Andreas Lehnert, Wayne Passmore, and Shane M. Sherlund (2006). "The Competitive Effects of Risk-Based Bank Capital Regulation: An Example from U.S. Mortgage Markets," Finance and Economics Discussion Series 2006-46. Board of Governors of the Federal Reserve System (U.S.).
• Lehnert, Andreas, Wayne Passmore, and Shane M. Sherlund (2006). "GSEs, Mortgage Rates, and Secondary Market Activities," Finance and Economics Discussion Series 2006-30. Board of Governors of the Federal Reserve System (U.S.).
• Lehnert, Andreas, Wayne Passmore, and Shane M. Sherlund (2005). "GSEs, Mortgage Rates, and Secondary Market Activities," Finance and Economics Discussion Series 2005-07. Board of Governors of the Federal Reserve System (U.S.).
• Passmore, Wayne, Shane M. Sherlund, and Gillian Burgess (2005). "The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates," Finance and Economics Discussion Series 2005-06. Board of Governors of the Federal Reserve System (U.S.).

Other Activities