Gara Afonso

Gara Afonso

Head of Banking Studies
Banking Studies
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

gara.afonso@ny.frb.org

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

Banks’ Balance-Sheet Costs, Monetary Policy, and the ON RRP
With Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York Staff Reports 1041, December 2022

How Abundant Are Reserves? Evidence from the Wholesale Payment System
With Darrell Duffie, Lorenzo Rigon, and Hyun Song Shin
Federal Reserve Bank of New York Staff Reports 1040, November 2022

Scarce, Abundant, or Ample? A Time-Varying Model of the Reserve Demand Curve
With Domenico Giannone, Gabriele La Spada, and John C. Williams
Federal Reserve Bank of New York Staff Reports 1019, May 2022, June 2023

The Market Events of Mid-September 2019
With Marco Cipriani, Adam Copeland, Anna Kovner, Gabriele La Spada, and Antoine Martin
Federal Reserve Bank of New York Staff Reports 918, March 2020

Monetary Policy Implementation with an Ample Supply of Reserves
With Kyungmin Kim, Antoine Martin, Ed Nosal, Simon Potter, and Sam Schulhofer-Wohl
Federal Reserve Bank of New York Staff Reports 910, January 2020, July 2023

A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow
With Roc Armenter and Benjamin Lester
Federal Reserve Bank of New York Staff Reports 840, February 2018, June 2019

An Empirical Study of Trade Dynamics in the Interbank Market
Previous title: An Empirical Study of Trade Dynamics in the Fed Funds Market
With Ricardo Lagos
Federal Reserve Bank of New York Staff Reports, Number 550, Revised June 2014

Trading Partners in the Interbank Lending Market
With Anna Kovner, and Antoinette Schoar
Federal Reserve Bank of New York Staff Reports, Number 620, May 2013

Gara Afonso's CVPDF

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