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Gara M. Afonso

Personal Details

First Name:Gara
Middle Name:M.
Last Name:Afonso
Suffix:
RePEc Short-ID:paf14
[This author has chosen not to make the email address public]
http://nyfedeconomists.org/afonso
Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045
+1 (212) 720 6278
Terminal Degree:2007 Finance Department; London School of Economics (LSE) (from RePEc Genealogy)

Affiliation

Research and Statistics Group
Federal Reserve Bank of New York

New York City, New York (United States)
http://www.newyorkfed.org/research/
RePEc:edi:rfrbnus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Gara Afonso & Kevin Clark & Brian Gowen & Gabriele La Spada & JC Martinez & Jason Miu & Will Riordan, 2024. "A New Set of Indicators of Reserve Ampleness," Liberty Street Economics 20240814, Federal Reserve Bank of New York.
  2. Gara Afonso & Domenico Giannone & Gabriele La Spada & John C. Williams, 2024. "When Are Central Bank Reserves Ample?," Liberty Street Economics 20240813, Federal Reserve Bank of New York.
  3. Gara Afonso & Domenico Giannone & Gabriele La Spada & John C. Williams, 2024. "Tracking Reserve Ampleness in Real Time Using Reserve Demand Elasticity," Liberty Street Economics 20241017, Federal Reserve Bank of New York.
  4. Gara Afonso & Gonzalo Cisternas & Will Riordan, 2024. "Who Is Borrowing and Lending in the Eurodollar and Selected Deposit Markets?," Liberty Street Economics 20240513, Federal Reserve Bank of New York.
  5. Gara Afonso & Catherine Huang & Marco Cipriani & Gabriele La Spada & Sergio Olivas, 2023. "Treasury Bill Supply and ON RRP Investment," Liberty Street Economics 20231129, Federal Reserve Bank of New York.
  6. Gara Afonso & Gonzalo Cisternas & Brian Gowen & Jason Miu & Josh Younger, 2023. "Who’s Borrowing and Lending in the Fed Funds Market Today?," Liberty Street Economics 20231010, Federal Reserve Bank of New York.
  7. Gara Afonso & Marco Cipriani & Gabriele La Spada, 2023. "Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023," Liberty Street Economics 20231219, Federal Reserve Bank of New York.
  8. Gara Afonso & Catherine Huang & Marco Cipriani & Abduelwahab Hussein & Gabriele La Spada, 2023. "Monetary Policy Transmission and the Size of the Money Market Fund Industry: An Update," Liberty Street Economics 20230403, Federal Reserve Bank of New York.
  9. Gara Afonso & Marco Cipriani & Gabriele La Spada & Peter Prastakos, 2023. "The Federal Reserve’s Two Key Rates: Similar but Not the Same?," Liberty Street Economics 20230814, Federal Reserve Bank of New York.
  10. Gara Afonso & Catherine Huang & Marco Cipriani & Gabriele La Spada, 2023. "Banks’ Balance-Sheet Costs and ON RRP Investment," Liberty Street Economics 20230518, Federal Reserve Bank of New York.
  11. Gara Afonso & Kyungmin Kim & Antoine Martin & Ed Nosal & Simon M. Potter & Sam Schulhofer-Wohl, 2023. "Monetary Policy Implementation with Ample Reserves," FRB Atlanta Working Paper 2023-10, Federal Reserve Bank of Atlanta.
  12. Gara Afonso & Gabriele La Spada & Thomas M. Mertens & John C. Williams, 2023. "The Optimal Supply of Central Bank Reserves under Uncertainty," Working Paper Series 2023-34, Federal Reserve Bank of San Francisco.
  13. Gara Afonso & Darrell Duffie & Lorenzo Rigon & Hyun Song Shin, 2022. "How Abundant Are Reserves? Evidence from the Wholesale Payment System," Staff Reports 1040, Federal Reserve Bank of New York.
  14. Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "How the Fed Adjusts the Fed Funds Rate within Its Target Range," Liberty Street Economics 20220112, Federal Reserve Bank of New York.
  15. Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "The Fed’s Latest Tool: A Standing Repo Facility," Liberty Street Economics 20220113, Federal Reserve Bank of New York.
  16. Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "How the Federal Reserve’s Monetary Policy Implementation Framework Has Evolved," Liberty Street Economics 20220110, Federal Reserve Bank of New York.
  17. Gara Afonso & Gabriele La Spada & John C. Williams, 2022. "Measuring the Ampleness of Reserves," Liberty Street Economics 20221005, Federal Reserve Bank of New York.
  18. Gara Afonso & Domenico Giannone & Gabriele La Spada & John C. Williams, 2022. "Scarce, Abundant, or Ample? A Time-Varying Model of the Reserve Demand Curve," Staff Reports 1019, Federal Reserve Bank of New York.
  19. Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "How the Fed’s Overnight Reverse Repo Facility Works," Liberty Street Economics 20220111, Federal Reserve Bank of New York.
  20. Gara Afonso & Marco Cipriani & Gabriele La Spada, 2022. "Banks’ Balance-Sheet Costs, Monetary Policy, and the ON RRP," Staff Reports 1041, Federal Reserve Bank of New York.
  21. Gara Afonso & Marco Cipriani & Gabriele La Spada & Will Riordan, 2020. "A New Reserves Regime? COVID-19 and the Federal Reserve Balance Sheet," Liberty Street Economics 20200707a, Federal Reserve Bank of New York.
  22. Gara Afonso & Kyungmin Kim & Antoine Martin & Ed Nosal & Simon M. Potter & Sam Schulhofer-Wohl, 2020. "Monetary Policy Implementation with an Ample Supply of Reserves," FRB Atlanta Working Paper 2020-2, Federal Reserve Bank of Atlanta.
  23. Gara Afonso & Marco Cipriani & Steph Clampitt & Haitham Jendoubi & Gabriele La Spada & Will Riordan, 2020. "How Bank Reserves Are Distributed Matters. How You Measure Their Distribution Matters Too," Liberty Street Economics 20201124, Federal Reserve Bank of New York.
  24. Gara Afonso & Marco Cipriani & Adam Copeland & Anna Kovner & Gabriele La Spada & Antoine Martin, 2020. "The Market Events of Mid-September 2019," Staff Reports 918, Federal Reserve Bank of New York.
  25. Gara Afonso & Fabiola Ravazzolo & Alessandro Zori, 2019. "From Policy Rates to Market Rates—Untangling the U.S. Dollar Funding Market," Liberty Street Economics 20190708, Federal Reserve Bank of New York.
  26. Gara Afonso & Filippo Curti & Atanas Mihov, 2019. "Coming to Terms with Operational Risk," Liberty Street Economics 20190107, Federal Reserve Bank of New York.
  27. Gara M. dup Afonso & Michael Blank & João A. C. Santos, 2018. "Did the Dodd-Frank Act End ‘Too Big to Fail’?," Liberty Street Economics 20180305, Federal Reserve Bank of New York.
  28. Gara M. dup Afonso & Roc Armenter & Benjamin Lester, 2018. "A model of the federal funds market: yesterday, today, and tomorrow," Staff Reports 840, Federal Reserve Bank of New York.
  29. Gara M. dup Afonso & Roc Armenter & Benjamin Lester, 2018. "Size Is Not All: Distribution of Bank Reserves and Fed Funds Dynamics," Liberty Street Economics 20180711, Federal Reserve Bank of New York.
  30. Gara Afonso & Adam Biesenbach & Thomas M. Eisenbach, 2017. "Mission Almost Impossible: Developing a Simple Measure of Pass-Through Efficiency," Liberty Street Economics 20171106, Federal Reserve Bank of New York.
  31. Gara Afonso & Sammuel Stern, 2016. "How Have High Reserves and New Policy Tools Reshaped the Fed Funds Market?," Liberty Street Economics 20160711, Federal Reserve Bank of New York.
  32. Gara M. dup Afonso & João A. C. Santos, 2015. "What Do Rating Agencies Think about “Too-Big-to-Fail” since Dodd-Frank," Liberty Street Economics 20150629, Federal Reserve Bank of New York.
  33. Gara M. dup Afonso & João A. C. Santos, 2015. "What Do Bond Markets Think about \\"Too-Big-to-Fail\\" Since Dodd-Frank?," Liberty Street Economics 20150701, Federal Reserve Bank of New York.
  34. Gara M. dup Afonso & Ricardo Lagos, 2014. "An Empirical Study of Trade Dynamics in the Fed Funds Market," Working Papers 708, Federal Reserve Bank of Minneapolis.
  35. Gara M. dup Afonso & Ricardo Lagos, 2014. "Trade Dynamics in the Market for Federal Funds," Working Papers 710, Federal Reserve Bank of Minneapolis.
  36. Gara M. dup Afonso & João A. C. Santos & James Traina, 2014. "Do “Too-Big-To-Fail” Banks Take On More Risk?," Liberty Street Economics 201404326a, Federal Reserve Bank of New York.
  37. Gara M. dup Afonso & Ricardo Lagos, 2014. "The Over-the-Counter Theory of the Fed Funds Market: A Primer," Working Papers 711, Federal Reserve Bank of Minneapolis.
  38. Gara M. dup Afonso & Alex Entz & Eric LeSueur, 2013. "Who’s Borrowing in the Fed Funds Market?," Liberty Street Economics 20131209, Federal Reserve Bank of New York.
  39. Viral V. Acharya & Gara M. dup Afonso & Anna Kovner, 2013. "How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007," Staff Reports 623, Federal Reserve Bank of New York.
  40. Gara M. dup Afonso & Alex Entz & Eric LeSueur, 2013. "Who’s Lending in the Federal Funds Market?," Liberty Street Economics 20131202, Federal Reserve Bank of New York.
  41. Gara M. dup Afonso & Anna Kovner & Antoinette Schoar, 2013. "Trading Partners in the Interbank Lending Market," Staff Reports 620, Federal Reserve Bank of New York.
  42. Gara M. dup Afonso & Ricardo Lagos, 2012. "An empirical study of trade dynamics in the interbank market," Staff Reports 550, Federal Reserve Bank of New York.
  43. Gara M. dup Afonso, 2012. "Why (or Why Not) Keep Paying Interest on Excess Reserves?," Liberty Street Economics 20121203, Federal Reserve Bank of New York.
  44. Gara Afonso, 2011. "When Do Trade Frictions Increase Liquidity?," Liberty Street Economics 20111219, Federal Reserve Bank of New York.
  45. Gara Afonso & Anna Kovner & Antoinette Schoar, 2010. "Stressed not Frozen: The Fed Funds Market in the Financial Crisis," NBER Working Papers 15806, National Bureau of Economic Research, Inc.
  46. Gara M. dup Afonso & Anna Kovner & Antoinette Schoar, 2010. "Stressed, not frozen: the Federal Funds market in the financial crisis," Staff Reports 437, Federal Reserve Bank of New York.
  47. Gara M. dup Afonso, 2008. "Liquidity and congestion," Staff Reports 349, Federal Reserve Bank of New York.
  48. Gara M. dup Afonso & Hyun Song Shin, 2008. "Precautionary Demand and Liquidity in Payment Systems," Staff Reports 352, Federal Reserve Bank of New York.
  49. Gara Minguez Afonso, 2006. "Imperfect Common Knowledge in First Generation Models of Currency Crises," FMG Discussion Papers dp555, Financial Markets Group.

Articles

  1. Gara Afonso & Marco Cipriani & Adam Copeland & Anna Kovner & Gabriele La Spada & Antoine Martin, 2021. "The Market Events of Mid-September 2019," Economic Policy Review, Federal Reserve Bank of New York, vol. 27(2), pages 1-26, August.
  2. Gara Afonso & Roc Armenter & Benjamin Lester, 2019. "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 177-204, July.
  3. Gara M. dup Afonso & João A. C. Santos & James Traina, 2014. "Do \\"Too-Big-to-Fail\\" banks take on more risk?," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 41-58.
  4. Afonso, Gara, 2011. "Liquidity and congestion," Journal of Financial Intermediation, Elsevier, vol. 20(3), pages 324-360, July.
  5. Gara Afonso & Anna Kovner & Antoinette Schoar, 2011. "Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis," Journal of Finance, American Finance Association, vol. 66(4), pages 1109-1139, August.
  6. Gara Minguez-Afonso, 2007. "Imperfect Common Knowledge in First-Generation Models of Currency Crises," International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 81-112, March.

More information

Research fields, statistics, top rankings, if available.

Statistics

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Rankings

This author is among the top 5% authors according to these criteria:
  1. Number of Citations, Weighted by Simple Impact Factor
  2. Number of Citations, Weighted by Simple Impact Factor, Discounted by Citation Age
  3. Number of Citations, Weighted by Recursive Impact Factor
  4. Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age
  5. Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age
  6. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors
  7. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 51 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MON: Monetary Economics (43) 2006-04-01 2010-04-11 2012-03-21 2013-05-24 2014-03-22 2014-04-05 2014-05-17 2014-11-28 2018-03-05 2018-03-12 2020-02-17 2020-03-02 2020-03-02 2020-03-09 2020-03-09 2020-03-09 2020-03-16 2020-03-16 2020-03-23 2020-04-13 2020-05-11 2020-08-31 2020-12-07 2021-06-28 2022-02-14 2022-02-14 2022-02-14 2022-02-14 2022-06-20 2022-10-31 2022-12-19 2023-01-09 2023-01-16 2023-06-12 2023-06-26 2023-09-11 2023-09-25 2023-10-30 2023-12-04 2024-01-01 2024-09-02 2024-09-02 2024-11-04. Author is listed
  2. NEP-MAC: Macroeconomics (25) 2014-03-22 2014-04-05 2014-04-05 2014-05-17 2014-11-28 2018-03-05 2018-03-12 2020-02-17 2020-03-02 2020-03-02 2020-03-09 2020-03-09 2020-03-09 2020-03-16 2020-03-16 2020-03-23 2020-04-13 2020-05-11 2020-08-31 2021-06-28 2022-02-14 2022-02-14 2022-02-14 2022-02-14 2022-06-20. Author is listed
  3. NEP-BAN: Banking (18) 2008-11-11 2010-04-11 2013-05-24 2013-09-13 2014-03-22 2014-05-17 2020-03-02 2022-10-31 2022-12-19 2023-01-09 2023-01-16 2023-06-12 2023-06-26 2023-09-25 2023-10-30 2023-12-04 2024-01-01 2024-06-17. Author is listed
  4. NEP-CBA: Central Banking (10) 2006-04-01 2010-04-11 2020-03-09 2020-08-31 2022-06-20 2023-01-16 2023-09-25 2023-10-30 2023-12-04 2024-11-04. Author is listed
  5. NEP-DGE: Dynamic General Equilibrium (4) 2008-11-04 2014-04-05 2014-05-17 2014-11-28
  6. NEP-HIS: Business, Economic and Financial History (4) 2022-02-14 2022-02-14 2022-02-14 2022-02-14
  7. NEP-IFN: International Finance (4) 2006-04-01 2013-09-13 2023-10-30 2024-09-02
  8. NEP-FMK: Financial Markets (3) 2006-04-01 2010-04-11 2014-04-05
  9. NEP-MST: Market Microstructure (3) 2008-11-04 2012-03-21 2020-03-30
  10. NEP-CWA: Central and Western Asia (2) 2022-02-14 2022-02-14
  11. NEP-PAY: Payment Systems and Financial Technology (2) 2022-12-19 2023-01-09
  12. NEP-GEN: Gender (1) 2020-05-11
  13. NEP-LAB: Labour Economics (1) 2004-06-07

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