TheEconomists
![Photo of Charles P. Thomas](https://webarchive.library.unt.edu/web/20120925031617im_/http://www.federalreserve.gov/econresdata/gifjpg/charles-p-thomas.jpg)
202-452-3698
charles.thomas@frb.gov
charles.thomas@frb.gov
Education
- Ph.D., Economics, Columbia University, 1986
- M.Phil., Economics, Columbia University, 1983
- B.A., Economics, University of Pennsylvania, 1978
Current Research Topics
- Cross Border Flows and U.S. Interest Rates
- The Coherence of U.S. International Statistics
Professional Experience
Economist
Board of Governors of the Federal Reserve System
- 1986 - present
Consultant
International Monetary Fund
- 1997
Consultant
Chase Manhattan Bank
- 1985
Consultant
Interactive Data Corp.
- 1982
Consultant
Merrill Lynch Pierce Fenner & Smith
- 1981
Teaching Assistant
Columbia University
- 1981 - 1983
Research Assistant
Chase Econometrics
- 1978 - 1980
Publications
- Beltran, Daniel O., Maxwell Kretchmer, Jaime Marquez, and Charles P. Thomas (2012). "Foreign Holdings of U.S. Treasuries and U.S. Treasury Yields," International Finance Discussion Papers 1041. Board of Governors of the Federal Reserve System (U.S.).
- Curcuru, Stephanie E., Charles P. Thomas, Francis E. Warnock, and Jon Wongswan (2011). "US International Equity Investment and Past and Prospective Returns," American Economic Review, vol. 101, no. 7, pp. 3440-3455.
- 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.
- Curcuru, Stephanie E., Charles P. Thomas, and Francis E. Warnock (2009). "Current Account Sustainability and Relative Reliability," in Frankel, Jeffrey, Christopher Pissarides eds., NBER International Seminar on Macroeconomics 2008. Chicago: University of Chicago Press, pp. 67-109.
- Thomas, Charles P., and Jaime Marquez (2009). "Measurement Matters for Modelling US Import Prices," International Journal of Finance and Economics, vol. 14, no. 2, pp. 120-138.
- Thomas, Charles P., Jaime Marquez, and Sean Fahle (2009). "Measuring China’s International Relative Prices," ICP Bulletin, vol. 6, no. 1, pp. 24-28.
- Thomas, Charles P., Jaime Marquez, and Sean Fahle (2009). "The Symposium on 'China's Impact on the Global Economy': Measures of International Relative Prices for China and the USA," Pacific Economic Review, vol. 14, no. 3, pp. 376-397.
- Melick, William R., and Charles P. Thomas (1997). "Recovering an Asset's Implied PDF from Option Prices: An Application to Crude Oil during the Gulf Crisis," Journal of Financial and Quantitative Analysis, vol. 32, no. 1, pp. 91-115.
- Thomas, Charles P. (1995). "The Role of Fiscal Policy in an Incomplete Markets Framework," Review of Economic Studies, vol. 62, no. 3, pp. 449-468.
- Meade, Ellen E., and Charles P. Thomas (1993). "Using External Sustainability to Forecast the Dollar," in Bryant, Ralph,C., Peter Hooper and Catherine Mann L. eds., Evaluating Policy Regimes: New Research in Empirical Macroeconomics. Washington: Brookings Institution, pp. 769-790.
- Beltran, Daniel O., and Charles P. Thomas (2010). "Could Asymmetric Information Alone have Caused the Collapse of Private-Label Securitization?" International Finance Discussion Papers 1010. Board of Governors of the Federal Reserve System (U.S.).
- Thomas, Charles P., Jaime Marquez, and Sean Fahle (2008). "Measuring U.S. International Relative Prices: A WARP View of the World," International Finance Discussion Papers 917. Board of Governors of the Federal Reserve System (U.S.).
- Beltran, Daniel O., Laurie Pounder Demarco, and Charles Thomas (2008). "Foreign Exposure to Asset-Backed Securities of U.S. Origin," International Finance Discussion Papers 939. Board of Governors of the Federal Reserve System (U.S.).
- Thomas, Charles P., and Jaime Marquez (2006). "Measurement Matters for Modeling U.S. Import Prices," International Finance Discussion Papers 883. Board of Governors of the Federal Reserve System (U.S.).
- Thomas, Charles P., Francis E. Warnock, and Jon Wongswan (2006). "The Performance of International Equity Portfolios," NBER Working Papers 12346. National Bureau of Economic Research, Inc.
- Melick, William R., and Charles P. Thomas (1999). "Confidence Intervals and Constant-Maturity Series for Probability Measures Extracted from Options Prices," In Information in Financial Asset Prices:Proceedings of a Conference Held by the Bank of Canada. Ottawa, Canada: Bank of Canada, pp. 293-320.
- Leahy, Michael P., and Charles P. Thomas (1996). "The Sovereignty Option: The Quebec Referendum and Market Views on the Canadian Dollar," International Finance Discussion Papers 555. Board of Governors of the Federal Reserve System (U.S.).
- Melick, William R., and Charles P. Thomas (1996). "Using Options Prices to Infer PDF'S for Asset Prices: An Application to Oil Prices during the Gulf Crisis," International Finance Discussion Papers 541. Board of Governors of the Federal Reserve System (U.S.).
- Thomas, Charles P. (1993). "The Role of Fiscal Policy in an Incomplete Markets Framework," International Finance Discussion Papers 451. Board of Governors of the Federal Reserve System (U.S.).
- Melick, William R., and Charles P. Thomas (1992). "War and Peace: Recovering the Market's Probability Distribution of Crude Oil Futures Prices during the Gulf Crisis," International Finance Discussion Papers 437. Board of Governors of the Federal Reserve System (U.S.).
- Meade, Ellen E., and Charles P. Thomas (1991). "Using External Sustainability to Forecast the Dollar," International Finance Discussion Papers 398. Board of Governors of the Federal Reserve System (U.S.).
- Thomas, Charles P. (1986). "Asset Structure and Underemployment," Ph.D dissertation, Columbia University.
Presentations
conference
August 2011
International Statistical Institute's 58th Congress, Dublin, Ireland
The U.S. Net Income Puzzle
conference
August 2011
International Statistical Institute's 58th Congress, Dublin, Ireland
International Relative Price Levels: An Empirical Analysis
discussion
May 2009
Bureau of Economic Analysis Advisory Committee Meeting
Comments on Measuring the Rapidly Changing U.S. Economy
Other Activities
Last update:
April 16, 2012