Andrew Lee Smith

Research output

Working papers

1. Brent Bundick & Logan Hotz & Andrew Lee Smith, 2023. "How Optimal Was U.S. Monetary Policy at the Zero Lower Bound?," Research Working Paper RWP 23-14, Federal Reserve Bank of Kansas City.
2. Brent Bundick & Trenton Herriford & Andrew Lee Smith, 2022. "The Term Structure of Monetary Policy Uncertainty," Research Working Paper RWP 2022-02, Federal Reserve Bank of Kansas City.
   • Bundick, Brent & Herriford, Trenton & Smith, A. Lee, 2024. "The Term Structure of Monetary Policy Uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 160(C).
3. Andrew Lee Smith & Victor J. Valcarcel, 2021. "The Financial Market Effects of Unwinding the Federal Reserve’s Balance Sheet," Research Working Paper RWP 20-23, Federal Reserve Bank of Kansas City.
   • Smith, A. Lee & Valcarcel, Victor J., 2023. "The financial market effects of unwinding the Federal Reserve’s balance sheet," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
4. Brent Bundick & Andrew Lee Smith, 2020. "Did the Federal Reserve Break the Phillips Curve? Theory and Evidence of Anchoring Inflation Expectations," Research Working Paper RWP 20-11, Federal Reserve Bank of Kansas City.
5. Brent Bundick & Andrew Lee Smith, 2020. "Should We Be Puzzled by Forward Guidance?," Research Working Paper RWP 20-01, Federal Reserve Bank of Kansas City.
6. Taeyoung Doh & Andrew Lee Smith, 2018. "Reconciling VAR-based Forecasts with Survey Forecasts," Research Working Paper RWP 18-13, Federal Reserve Bank of Kansas City.
7. John W. Keating & Andrew Lee Smith, 2018. "The Optimal Monetary Instrument and the (Mis)Use of Causality Tests," Research Working Paper RWP 18-11, Federal Reserve Bank of Kansas City.
8. Brent Bundick & Andrew Lee Smith, 2018. "Does Communicating a Numerical Inflation Target Anchor Inflation Expectations? Evidence & Bond Market Implications," Research Working Paper RWP 18-1, Federal Reserve Bank of Kansas City.
9. Brent Bundick & Trenton Herriford & Andrew Lee Smith, 2017. "Forward Guidance, Monetary Policy Uncertainty, and the Term Premium," Research Working Paper RWP 17-7, Federal Reserve Bank of Kansas City.
10. Brent Bundick & Andrew Lee Smith, 2016. "The dynamic effects of forward guidance shocks," Research Working Paper RWP 16-2, Federal Reserve Bank of Kansas City.
    • Brent Bundick & A. Lee Smith, 2020. "The Dynamic Effects of Forward Guidance Shocks," The Review of Economics and Statistics, MIT Press, vol. 102(5), pages 946-965, December.
11. Andrew Lee Smith, 2015. "When does the cost channel pose a challenge to inflation targeting central banks?," Research Working Paper RWP 15-6, Federal Reserve Bank of Kansas City.
12. John W. Keating & Logan J. Kelly & Andrew Lee Smith & Victor J. Valcarcel, 2014. "A model of monetary policy shocks for financial crises and normal conditions," Research Working Paper RWP 14-11, Federal Reserve Bank of Kansas City.
    • John W. Keating & Logan J. Kelly & A. Lee Smith & Victor J. Valcarcel, 2019. "A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 227-259, February.
    • John Keating & Logan J. Kelly & Andrew Lee Smith & Victor J. Valcarcel, 2014. "A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201401, University of Kansas, Department of Economics.
13. Andrew Lee Smith, 2014. "House prices, heterogeneous banks and unconventional monetary policy options," Research Working Paper RWP 14-12, Federal Reserve Bank of Kansas City.
    • Andrew Lee Smith, 2013. "House Prices, Heterogeneous Banks and Unconventional Monetary Policy Options," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201311, University of Kansas, Department of Economics.
14. John Keating & Andrew Lee Smith, 2013. "Price Versus Financial Stability: A role for money in Taylor rules?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201307, University of Kansas, Department of Economics.
15. John Keating & Andrew Lee Smith, 2013. "Determinacy and Indeterminacy in Monetary Policy Rules with Money," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201310, University of Kansas, Department of Economics.

Articles

1. Brent Bundick & Andrew Lee Smith, 2024. "Despite High Inflation, Longer-Term Inflation Expectations Remain Well Anchored," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, May.
2. Brent Bundick & Andrew Lee Smith & Luca Van der Meer, 2024. "Introducing the Kansas City Fed's Measure of Policy Rate Uncertainty (KC PRU)," Economic Review, Federal Reserve Bank of Kansas City, pages 1-16, September.
3. Rajdeep Sengupta & Andrew Lee Smith, 2024. "Considerations for the Longer-Run Maturity Composition of the Federal Reserve’s Treasury Portfolio," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, August.
4. Nida Çakır Melek & Francis Dillon & Andrew Lee Smith, 2023. "Gasoline Prices Unlikely to Bring Down Inflation in 2023," Economic Bulletin, Federal Reserve Bank of Kansas City, issue February , pages 1-4, February.
5. Brent Bundick & Andrew Lee Smith, 2023. "A Tight Labor Market Could Keep Rent Inflation Elevated," Economic Bulletin, Federal Reserve Bank of Kansas City, issue March 1st, pages 1-4, March.
6. Nida Çakır Melek & Francis Dillon & Andrew Lee Smith, 2022. "Can Higher Gasoline Prices Set Off an Inflationary Spiral?," Economic Review, Federal Reserve Bank of Kansas City, vol. 107(no.4), November.
7. Rajdeep Sengupta & Andrew Lee Smith, 2022. "Assessing Market Conditions ahead of Quantitative Tightening," Economic Bulletin, Federal Reserve Bank of Kansas City, issue July 11, , pages 1-4, July.
8. Chaitri Gulati & Andrew Lee Smith, 2022. "The Evolving Role of the Fed’s Balance Sheet: Effects and Challenges," Economic Review, Federal Reserve Bank of Kansas City, vol. 107(no.4), November.
9. Brent Bundick & Andrew Lee Smith, 2022. "Evaluating Quantitative Easing: The Importance of Accounting for Forward Guidance," Economic Review, Federal Reserve Bank of Kansas City, vol. 107(no.3), pages 1-16, June.
10. Brent Bundick & Andrew Lee Smith, 2021. "Did the Federal Reserve Anchor Inflation Expectations Too Low?," Economic Review, Federal Reserve Bank of Kansas City, vol. 106(no.1), pages 5-23, March.
11. Brent Bundick & Andrew Lee Smith, 2020. "Policymakers Have Options for Additional Accommodation: Forward Guidance and Yield Curve Control," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-5, July.
12. Andrew Lee Smith, 2020. "Why Are Americans Saving So Much of Their Income?," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, December.
13. Andrew Lee Smith, 2019. "How Many Reserves Does the Federal Reserve Need to Supply?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, March.
14. Andrew Lee Smith, 2019. "Do Changes in Reserve Balances Still Influence the Federal Funds Rate?," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 5-34.
15. Brent Bundick & Andrew Lee Smith, 2018. "Did Communicating a Numerical Inflation Target Anchor U.S. Inflation Expectations?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, January.
16. Craig S. Hakkio & Andrew Lee Smith, 2017. "Bond Premiums and the Natural Real Rate of Interest," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 5-39.
17. Troy Davig & Andrew Lee Smith, 2017. "Forecasting the Stance of Monetary Policy under Balance Sheet Adjustments," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, May.
18. Brent Bundick & Trenton Herriford & Emily Pollard & Andrew Lee Smith, 2017. "Does the Recent Decline in Household Longer-Term Inflation Expectations Signal a Loss of Confidence in the FOMC?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-5, June.
19. Andrew Lee Smith, 2016. "How much of the fall in inflation can be explained by energy and import prices?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, January.
20. Trenton Herriford & Elizabeth Johnson & Nicholas Sly & Andrew Lee Smith, 2016. "How Does a Rise in International Shipping Costs Affect U.S. Inflation?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, December.
21. Thealexa Becker & Andrew Lee Smith, 2015. "Has Forward Guidance Been Effective?," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 57-78.
    • Thealexa Becker & Andrew Lee Smith, 2015. "Has forward guidance been effective?," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, September.
22. Nida Çakır Melek & Troy Davig & Jun Nie & Andrew Lee Smith & Didem Tuzemen, 2015. "Evaluating a Year of Oil Price Volatility," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 5-30.
    • Nida Çakır Melek & Troy Davig & Jun Nie & Andrew Lee Smith & Didem Tuzemen, 2015. "Evaluating a year of oil price volatility," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, September.