Martin Bodenstein

I am an assistant director in the International Finance Division at the Board of Governors of the Federal Reserve System in Washington DC, USA. Currently, my responsibilities include advancing and coordinating macroeconomic modeling efforts with special emphasis on the dynamics of the energy sector and its transformation. More generally, my work and interests lie in applying macroeconomic models to policy questions such as monetary policy strategies, exchange rate dynamics, the transmission of shocks to the energy sector, and, more recently, the macroeconomic effects from the physical and transition risks of climate change.    

Prior to (re-) joining the Federal Reserve in April 2016, I spent five years in Southeast Asia where I worked in the Economic Research and Development Department of the Asian Development Bank in Manila, Philippines (April 2011 to November 2012), and as an Associate Professor in Economics at the National University of Singapore (NUS) from January 2013 to March 2016. I originally joined the Federal Reserve Board in 2005. Since 2005, I hold a PhD in Economics from Northwestern University in Evanston, USA. I did my undergraduate studies at the University of Konstanz in Germany.

I have been a co-organizer of the CEBRA Workshop for Commodities and Macroeconomics since its inception in 2017. 


The views expressed on this site are solely my own and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any person associated with the Federal Reserve System.

To obtain a copy of my CV click here. You can email me under 

Martin [dot] Bodenstein [at] gmail [dot] com.


My Research Profiles

Ideas    Google Scholar

Working Papers 


Published, Forthcoming, and Accepted Papers


Comments and Policy Papers


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