Andrew Lee Smith

Names

Identifer

Contact

Affiliations

• Federal Reserve Bank of Kansas City
  • EDIRC entry
  • location:

Research profile

author of:

• Policymakers Have Options for Additional Accommodation: Forward Guidance and Yield Curve Control
  Economic Bulletin, Federal Reserve Bank of Kansas City (2020)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:88387)
• Why Are Americans Saving So Much of Their Income?
  Economic Bulletin, Federal Reserve Bank of Kansas City (2020)
  by Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:89145)
• Assessing Market Conditions ahead of Quantitative Tightening
  Economic Bulletin, Federal Reserve Bank of Kansas City (2022)
  by Rajdeep Sengupta & Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:94464)
• Gasoline Prices Unlikely to Bring Down Inflation in 2023
  Economic Bulletin, Federal Reserve Bank of Kansas City (2023)
  by Nida Çakır Melek & Francis Dillon & Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:95695)
• A Tight Labor Market Could Keep Rent Inflation Elevated
  Economic Bulletin, Federal Reserve Bank of Kansas City (2023)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:95857)
• Despite High Inflation, Longer-Term Inflation Expectations Remain Well Anchored
  Economic Bulletin, Federal Reserve Bank of Kansas City (2024)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:98327)
• Considerations for the Longer-Run Maturity Composition of the Federal Reserve’s Treasury Portfolio
  Economic Bulletin, Federal Reserve Bank of Kansas City (2024)
  by Rajdeep Sengupta & Andrew Lee Smith
  (ReDIF-article, fip:fedkeb:98745)
• Has Forward Guidance Been Effective?
  Economic Review, Federal Reserve Bank of Kansas City (2015)
  by Thealexa Becker & Andrew Lee Smith
  (ReDIF-article, fip:fedker:00030)
• Evaluating a Year of Oil Price Volatility
  Economic Review, Federal Reserve Bank of Kansas City (2015)
  by Nida Çakır Melek & Troy Davig & Jun Nie & Andrew Lee Smith & Didem Tuzemen
  (ReDIF-article, fip:fedker:00031)
• Bond Premiums and the Natural Real Rate of Interest
  Economic Review, Federal Reserve Bank of Kansas City (2017)
  by Craig S. Hakkio & Andrew Lee Smith
  (ReDIF-article, fip:fedker:00048)
• Do Changes in Reserve Balances Still Influence the Federal Funds Rate?
  Economic Review, Federal Reserve Bank of Kansas City (2019)
  by Andrew Lee Smith
  (ReDIF-article, fip:fedker:00073)
• Did the Federal Reserve Anchor Inflation Expectations Too Low?
  Economic Review, Federal Reserve Bank of Kansas City (2021)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-article, fip:fedker:91860)
• Evaluating Quantitative Easing: The Importance of Accounting for Forward Guidance
  Economic Review, Federal Reserve Bank of Kansas City (2022)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-article, fip:fedker:94422)
• Can Higher Gasoline Prices Set Off an Inflationary Spiral?
  Economic Review, Federal Reserve Bank of Kansas City (2022)
  by Nida Çakır Melek & Francis Dillon & Andrew Lee Smith
  (ReDIF-article, fip:fedker:95029)
• The Evolving Role of the Fed’s Balance Sheet: Effects and Challenges
  Economic Review, Federal Reserve Bank of Kansas City (2022)
  by Chaitri Gulati & Andrew Lee Smith
  (ReDIF-article, fip:fedker:95118)
• Introducing the Kansas City Fed's Measure of Policy Rate Uncertainty (KC PRU)
  Economic Review, Federal Reserve Bank of Kansas City (2024)
  by Brent Bundick & Andrew Lee Smith & Luca Van der Meer
  (ReDIF-article, fip:fedker:98988)
• Has forward guidance been effective?
  Macro Bulletin, Federal Reserve Bank of Kansas City (2015)
  by Thealexa Becker & Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00030)
• Evaluating a year of oil price volatility
  Macro Bulletin, Federal Reserve Bank of Kansas City (2015)
  by Nida Çakır Melek & Troy Davig & Jun Nie & Andrew Lee Smith & Didem Tuzemen
  (ReDIF-article, fip:fedkmb:00032)
• How much of the fall in inflation can be explained by energy and import prices?
  Macro Bulletin, Federal Reserve Bank of Kansas City (2016)
  by Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00035)
• How Does a Rise in International Shipping Costs Affect U.S. Inflation?
  Macro Bulletin, Federal Reserve Bank of Kansas City (2016)
  by Trenton Herriford & Elizabeth Johnson & Nicholas Sly & Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00047)
• Forecasting the Stance of Monetary Policy under Balance Sheet Adjustments
  Macro Bulletin, Federal Reserve Bank of Kansas City (2017)
  by Troy Davig & Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00053)
• 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 (2017)
  by Brent Bundick & Trenton Herriford & Emily Pollard & Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00054)
• Did Communicating a Numerical Inflation Target Anchor U.S. Inflation Expectations?
  Macro Bulletin, Federal Reserve Bank of Kansas City (2018)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00062)
• How Many Reserves Does the Federal Reserve Need to Supply?
  Macro Bulletin, Federal Reserve Bank of Kansas City (2019)
  by Andrew Lee Smith
  (ReDIF-article, fip:fedkmb:00075)
• Should We Be Puzzled by Forward Guidance?
  Research Working Paper, Federal Reserve Bank of Kansas City (2020)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:87883)
• Did the Federal Reserve Break the Phillips Curve? Theory and Evidence of Anchoring Inflation Expectations
  Research Working Paper, Federal Reserve Bank of Kansas City (2020)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:88701)
• The Financial Market Effects of Unwinding the Federal Reserve’s Balance Sheet
  Research Working Paper, Federal Reserve Bank of Kansas City (2021)
  by Andrew Lee Smith & Victor J. Valcarcel
  (ReDIF-paper, fip:fedkrw:89535)
• The Term Structure of Monetary Policy Uncertainty
  Research Working Paper, Federal Reserve Bank of Kansas City (2022)
  by Brent Bundick & Trenton Herriford & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:93837)
• How Optimal Was U.S. Monetary Policy at the Zero Lower Bound?
  Research Working Paper, Federal Reserve Bank of Kansas City (2023)
  by Brent Bundick & Logan Hotz & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:97575)
• A model of monetary policy shocks for financial crises and normal conditions
  Research Working Paper, Federal Reserve Bank of Kansas City (2014)
  by John W. Keating & Logan J. Kelly & Andrew Lee Smith & Victor J. Valcarcel
  (ReDIF-paper, fip:fedkrw:rwp14-11)
• House prices, heterogeneous banks and unconventional monetary policy options
  Research Working Paper, Federal Reserve Bank of Kansas City (2014)
  by Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp14-12)
• When does the cost channel pose a challenge to inflation targeting central banks?
  Research Working Paper, Federal Reserve Bank of Kansas City (2015)
  by Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp15-06)
• The dynamic effects of forward guidance shocks
  Research Working Paper, Federal Reserve Bank of Kansas City (2016)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp16-02)
• Forward Guidance, Monetary Policy Uncertainty, and the Term Premium
  Research Working Paper, Federal Reserve Bank of Kansas City (2017)
  by Brent Bundick & Trenton Herriford & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp17-07)
• Does Communicating a Numerical Inflation Target Anchor Inflation Expectations? Evidence & Bond Market Implications
  Research Working Paper, Federal Reserve Bank of Kansas City (2018)
  by Brent Bundick & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp18-01)
• The Optimal Monetary Instrument and the (Mis)Use of Causality Tests
  Research Working Paper, Federal Reserve Bank of Kansas City (2018)
  by John W. Keating & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp18-11)
• Reconciling VAR-based Forecasts with Survey Forecasts
  Research Working Paper, Federal Reserve Bank of Kansas City (2018)
  by Taeyoung Doh & Andrew Lee Smith
  (ReDIF-paper, fip:fedkrw:rwp18-13)
• Price Versus Financial Stability: A role for money in Taylor rules?
  WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics (2013)
  by John Keating & Andrew Lee Smith
  (ReDIF-paper, kan:wpaper:201307)
• Determinacy and Indeterminacy in Monetary Policy Rules with Money
  WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics (2013)
  by John Keating & Andrew Lee Smith
  (ReDIF-paper, kan:wpaper:201310)
• House Prices, Heterogeneous Banks and Unconventional Monetary Policy Options
  WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics (2013)
  by Andrew Lee Smith
  (ReDIF-paper, kan:wpaper:201311)
• A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions
  WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics (2014)
  by John Keating & Logan J. Kelly & Andrew Lee Smith & Victor J. Valcarcel
  (ReDIF-paper, kan:wpaper:201401)