Fernando M. Martin

Senior Economist
Research Division
Federal Reserve Bank of St. Louis


Current Research

"Debt, Inflation and Central Bank Independence" (2013).

"Moral Hazard and Lack of Commitment in Dynamic Economies" (2011), joint with Alex Karaivanov.

“Time-Consistency of Government Policy in Monetary Economies” (2010).

"Time-Consistent Debt" (2006), joint with Per Krusell and José-Víctor Ríos-Rull. A presentation is available here.

Papers submitted

"Dynamic Optimal Insurance and Lack of Commitment'' (2013), joint with Alex Karaivanov, revise and resubmit, Review of Economic Dynamics.

"Policy and Welfare Effects of Within-Period Commitment" (2013), revise and resubmit, Macroeconomic Dynamics.

Refereed Publications

"Information Disclosure and Exchange Media" (2013), with David Andolfatto, Review of Economic Dynamics, 16(3), 527-539.

"Government Policy in Monetary Economies" (2013), International Economic Review, 54(1), 185-217.

"Government Policy Response to War-Expenditure Shocks" (2012), The B.E. Journal of Macroeconomics, Vol. 12: Issue 1 (Contributions), Article 25.

"On the Joint Determination of Fiscal and Monetary Policy" (2011), Journal of Monetary Economics, 58(2), 132-145.

"Markov-Perfect Capital and Labor Taxes" (2010), Journal of Economic Dynamics and Control, 34(3), 503-521.

"A Positive Theory of Government Debt" (2009), Review of Economic Dynamics, 12(4), 608-631.

Other publications

"A view from the fiscal cliff" (2013), The Regional Economist, Federal Reserve Bank of St. Louis, issue April.

"Winners and losers in the Great Recession" (2013), Economic Synopses, Federal Reserve Bank of St. Louis.

"Lessons from the recent recession: the faster they grow, the harder they fall" (2013), Economic Synopses, Federal Reserve Bank of St. Louis.

"The fiscal cliff in context" (2012), Economic Synopses, Federal Reserve Bank of St. Louis.

"Sovereign Debt: A Modern Greek Tragedy" (2012), with Christopher Waller, Federal Reserve Bank of St. Louis Review, September/October 2012, 94(5), 321-240.

"Fiscal policy in the great recession and lessons from the past" (2012), Economic Synopses, Federal Reserve Bank of St. Louis.

"Financiaciones por Actividad Económica" (1999), Banco Central de la República Argentina, Nota Técnica Nro. 5.

Other papers

"Government Policy and Aggregate Fluctuations" (2010).

"Money and Capital as Competing Media of Exchange in a News Economy" (2009), joint with David Andolfatto.

"Money, Capital and Collateral" (2007), joint with David Andolfatto. A preliminary version can be found here.

Previous Courses at SFU

ECON 210: Money and Banking

ECON 301: Intermediate Microeconomic Theory I: Competitive Behaviour

ECON 387: Intermediate Macroeconomic Theory II

ECON 403: Advanced Macroeconomic Theory (undergraduate)

ECON 410: Seminar in Monetary Theory

ECON 809: Advanced Macroeconomic Theory (graduate)


IDEAS, a bibliographic database dedicated to economics.
RePEc, Research Papers in Economics.
SSRN, Social Science Research Network.
EconWPA, Economics Working Paper Archive, dedicated to the free distribution of working papers in economics.
StatCounter, free and invisible web tracker, hit counter and web stats.
A good introduction to Fortran.

The SnaFU Awards.

Some People

David Andolfatto
Alex Karaivanov
Per Krusell
Paul Klein
José-Víctor Ríos-Rull
Jesús Fernández-Villaverde
Randy Wright

Last modified: September, 2013.