John C. Williams

President and Chief Executive Officer
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

john.c.williams@ny.frb.org

   
The Optimal Supply of Central Bank Reserves under Uncertainty
With Gara Afonso, Gabriele La Spada, and Thomas M. Mertens
Federal Reserve Bank of New York Staff Reports 1077, November 2023, Revised December 2023

Measuring the Natural Rate of Interest after COVID-19
With Kathryn Holston and Thomas Laubach
Federal Reserve Bank of New York Staff Reports 1063, June 2023

The Curious Case of the Rise in Deflation Expectations
With Olivier Armantier, Gizem Kosar, Jason Somerville, Giorgio Topa, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports 1037, October 2022, Revised November 2023

Scarce, Abundant, or Ample? A Time-Varying Model of the Reserve Demand Curve
With Gara Afonso, Domenico Giannone, and Gabriele La Spada
Federal Reserve Bank of New York Staff Reports 1019, May 2022, Revised April 2024

Macroeconomic Drivers and the Pricing of Uncertainty, Inflation, and Bonds
With Brandyn Bok and Thomas M. Mertens
Federal Reserve Bank of New York Staff Reports 1011, April 2022, Revised June 2023

A New Approach to Assess Inflation Expectations Anchoring Using Strategic Surveys
With Olivier Armantier, Argia M. Sbordone, Giorgio Topa, and Wilbert van der Klaauw
Federal Reserve Bank of New York Staff Reports 1007, February 2022

Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates
With Thomas M. Mertens
Federal Reserve Bank of New York Staff Reports 887, May 2019, Revised August 2019

Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates
With Thomas M. Mertens
Federal Reserve Bank of New York Staff Reports 877, January 2019, Revised July 2019

What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices
With Thomas M. Mertens
Federal Reserve Bank of New York Staff Reports 865, August 2018, Revised September 2020

The Phillips Curve in an Era of Well-Anchored Inflation Expectations
Manuscript, September 2006

Transition Dynamics in Vintage Capital Models: Explaining the Postwar Catch-Up of Germany and Japan
With Simon Gilchrist
Federal Reserve Bank of San Francisco Working Paper 2004-14, July 2004

The Responses of Wages and Prices to Technology Shocks
With Rochelle M. Edge and Thomas Laubach
Federal Reserve Bank of San Francisco Working Paper 2003-21, December 2003

What’s Happened to the Phillips Curve?
With Flint Brayton and John Roberts
FEDS Working Paper 1999-49, September 1999

John Williams' CV The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.
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