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Photo of Christopher J. Gust

Christopher J. Gust

Assistant Director Program Direction Section Monetary Affairs
202-452-2383
christopher.j.gust@frb.gov

Education

  • Ph.D., Macroeconomics, Northwestern University, 1999
  • B.S., Economics, University of Pennsylvania, 1989
Current Research Topics
  • Monetary Economics
  • Macroeconomics
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2015 - present
  • Chief of Monetary Studies

    Board of Governors of the Federal Reserve System

    2012 - 2015
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2006 - 2011
  • Economist

    Board of Governors of the Federal Reserve System

    1998 - 2006
  • Gust, Christopher, Benjamin K. Johannsen, and J. David Lopez-Salido (2017). "Monetary Policy, Incomplete Information, and the Zero Lower Bound," IMF Economic Review, vol. 65, no. 1, pp. 37-70.
  • Gust, Christopher, David López-Salido, and Steve Meyer (2017). "Asymmetric Monetary Policy and the Effective Lower Bound," Research in Economics, vol. 71, no. 3, pp. 441-451.
  • Gust, Christopher, Edward Herbst, David López-Salido, and Matthew E. Smith (2017). "The Empirical Implications of the Interest-Rate Lower Bound," American Economic Review, vol. 107, no. 7, pp. 1971-2006.
  • Gust, Christopher J., Edward P. Herbst, J. David López-Salido, and Matthew E. Smith (2012). "The Empirical Implications of the Interest-Rate Lower Bound," Finance and Economics Discussion Series 2012-83r2. Board of Governors of the Federal Reserve System (U.S.).
  • Gust, Christopher J., Benjamin K. Johannsen, and David Lopez-Salido (2015). "Monetary Policy, Incomplete Information, and the Zero Lower Bound," Finance and Economics Discussion Series 2015-099. Board of Governors of the Federal Reserve System (U.S.).
  • Gust, Christopher, and David López-Salido (2014). "Monetary Policy and the Cyclicality of Risk," Journal of Monetary Economics, vol. 62, pp. 59-75.
  • Bodenstein, Martin, Luca Guerrieri, and Christopher J. Gust (2013). "Oil Shocks and the Zero Bound on Nominal Interest Rates," Journal of International Money and Finance, vol. 32, no. 1, pp. 941-967.
  • Gust, Christopher, Sylvain Leduc, and Robert J. Vigfusson (2011). "Entry Dynamics and the Decline in Exchange-Rate Pass-through," in Anderton, Robert, Geoff Kenny eds., Macroeconomic Performance in a Globalising Economy. Cambridge and New York: Cambridge University Press, pp. 93-119.
  • Guerrieri, Luca, Christopher Gust, and David Lopez-Salido (2010). "International Competition and Inflation: A New Keynesian Perspective," American Economic Journal: Macroeconomics, vol. 2, no. 4, pp. 247-280.
  • Gust, Christopher, Sylvain Leduc, and Robert Vigfusson (2010). "Trade Integration, Competition, and the Decline in Exchange-Rate Pass-through," Journal of Monetary Economics, vol. 57, no. 3, pp. 309-324.
  • Gust, Christopher J., Sylvain Leduc, and D. Nathan Sheets (2009). "The Adjustment of Global External Balances: Does Partial Exchange-Rate Pass-through Matter?" Journal of International Economics, vol. 79, no. 2, pp. 173-185.
  • Erceg, Christopher J., Christopher Gust, and David Lopez Salido (2009). "The Transmission of Domestic Shocks in Open Economies," in Gali, Jordi, Mark J. Gertler eds., International Dimensions of Monetary Policy. Chicago, IL: University of Chicago Press, pp. 89-148.
  • Gust, Christopher, and Robert Vigfusson (2009). "The Power of Long-Run Structural VARs," International Finance Discussion Papers 978. Board of Governors of the Federal Reserve System (U.S.).
  • Erceg, Christopher J., Luca Guerrieri, and Christopher Gust (2008). "Trade Adjustment and the Composition of Trade," Journal of Economic Dynamics and Control, vol. 32, no. 8, pp. 2622-2650.
  • Erceg, Christopher J., Luca Guerrieri, and Christopher Gust (2006). "SIGMA: A New Open Economy Model for Policy Analysis," International Journal of Central Banking, vol. 2, no. 1, pp. 1-50.
  • Erceg, Christopher J., Luca Guerrieri, and Christopher Gust (2005). "Can Long-Run Restrictions Identify Technology Shocks?" Journal of the European Economic Association, vol. 3, no. 6, pp. 1237-1278.
  • Erceg, Christopher J., Luca Guerrieri, and Christopher Gust (2005). "Expansionary Fiscal Shocks and the US Trade Deficit," International Finance, vol. 8, no. 3, pp. 363-397.
  • Christiano, Lawrence J., Christopher Gust, and Jorge Roldos (2004). "Monetary Policy in a Financial Crisis," Journal of Economic Theory, vol. 119, no. 1, pp. 64-103.
  • Gust, Christopher, and Jaime Marquez (2004). "International Comparisons of Productivity Growth: The Role of Information Technology and Regulatory Practices," Labour Economics, vol. 11, no. 1, pp. 33-58.
  • Gust, Christopher, and Jaime Marquez (2001). "International Comparisons of Productivity Growth: Recent Developments," Business Economics, vol. 36, no. 3, pp. 55-62.
  • Christiano, Lawrence J., and Christopher Gust (2000). "The Expectations Trap Hypothesis," Federal Reserve Bank of Chicago Economic Perspectives, vol. 24, no. 2, pp. 21-39.
  • Gust, Christopher, and Jaime Marquez (2000). "Productivity Developments Abroad," Federal Reserve Bulletin, vol. 86, no. 10, pp. 665-681.
  • Christiano, Lawrence J., and Christopher J. Gust (1999). "Robustness of Simple Monetary Policy Rules Under Model Uncertainty: Comment," in Taylor, John,B. ed., Monetary Policy Rules. Chicago and London: University of Chicago Press, pp. 299-316.
  • Christiano, Lawrence J., and Christopher J. Gust (1999). "Taylor Rules in a Limited Participation Model," De Economist, vol. 147, no. 4, pp. 437-460.
Last update: September 14, 2020