Matt Darst
I am a Principal Economist at the Federal Reserve Board of Governors in the Division of Financial Stability.
Research Interests:
financial economics
credit markets and banking
information frictions and corporate finance
general equilibrium models with incomplete markets
Latest Research:
Publications
Credit Default Swaps in General Equilibrium: Endogenous Default and Credit-Spread Spillovers with Ehraz Refayet - Journal of Money, Credit, and Banking 50(8), 2018
Half Full or Half Empty: Financial Institutions, CDS Use, and Corporate Credit Risk with Cecilia Caglio and Eric Parolin Journal of Financial Intermediation 40, 2019
A Macroprudential Perspective on the Regulatory Boundaries of U.S. Financial Assets with Arseneau, Brang, Faber, Rappoport, and Vardoulakis. Forthcoming Journal of Financial Crises
Working Papers
A Model of Endogenous Debt Maturity with Heterogeneous Agents with Ehraz Refayet (R&R --Journal of Financial and Quantitative Analysis)
Collateral Heterogeneity and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms (Under Review) with Cecilia Caglio and Sebnem Kalemli-Ozcan
Moldy Lemons and Market Shutdowns with Jin-Wook Chang
Equilibrium Investment Distortions with Adverse Selection with Ehraz Refayet (New draft coming soon)
Banks, Non-Banks, and Lending Standards with Ehraz Refayet and Alexandros Vardoulakis
Shorter Papers
Private Firm Repayment Vulnerabilities Under Difference Economic Scenarios with Mary Zhang
Work In Progress
Financial Frictions and Monetary Policy Transmission: Micro-level Evidence. with Cecilia Caglio, Thomas Drechsel, Sebnem Kalemli-Ozcan, Veronkia Penciakova
Macroprudential and Unconventional Monetary Policy Spillovers with Sotirios Kokas, Alexandros Kontonikas, Jose-Luis Peydro, and Alexandros Vardoulakis
Why Do Firms go Public with Cecilia Caglio, Sebnem Kalemli-Ozcan, and Jeremy Stein
How do Banks use Private Information? with Cecila Caglio and Tugkan Tuzun