Alexander Ueberfeldt

Alexander Ueberfeldt

Director

Alexander Ueberfeldt is the Director in the Strategic Leadership & Support team of the Canadian Economic Analysis Department. An applied macroeconomist, Alexander’s research recently focused on the interaction of monetary policy and financial stability. In addition, he has contributed to the understanding of price-level targeting and long-run trends in macro-labour economics. Prior to joining the Bank of Canada, Alexander was an Analyst at the Federal Reserve Bank of Minneapolis from 2003-2005. He holds a PhD in Economics from the University of Minnesota.

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Alexander Ueberfeldt

Director
Canadian Economic Analysis
Strategic Leadership and Support

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae

Latest

Monetary Policy Tradeoffs Between Financial Stability and Price Stability

Staff Working Paper 2016-49 Malik Shukayev, Alexander Ueberfeldt
We analyze the impact of interest rate policy on financial stability in an environment where banks can experience runs on their short-term liabilities, forcing them to sell assets at fire-sale prices.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial stability, Monetary policy framework, Transmission of monetary policy JEL Code(s): D, D6, D62, E, E3, E32, E4, E44, G, G0, G01

Managing Risk Taking with Interest Rate Policy and Macroprudential Regulations

Staff Working Paper 2016-47 Simona Cociuba, Malik Shukayev, Alexander Ueberfeldt
We develop a model in which a financial intermediary’s investment in risky assets—risk taking—is excessive due to limited liability and deposit insurance and characterize the policy tools that implement efficient risk taking.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial system regulation and policies, Monetary policy framework JEL Code(s): E, E4, E44, E5, E52, G, G1, G11, G18

Should Monetary Policy Lean Against Housing Market Booms?

Staff Working Paper 2016-19 Sami Alpanda, Alexander Ueberfeldt
Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household debt.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Financial stability, Housing, Monetary policy framework JEL Code(s): E, E4, E44, E5, E52, G, G0, G01

Do Low Interest Rates Sow the Seeds of Financial Crises?

Staff Working Paper 2011-31 Simona Cociuba, Malik Shukayev, Alexander Ueberfeldt
A view advanced in the aftermath of the late-2000s financial crisis is that lower than optimal interest rates lead to excessive risk taking by financial intermediaries.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial system regulation and policies, Transmission of monetary policy JEL Code(s): D, D5, D53, E, E4, E44, E5, E52, G, G2, G28

Trends in U.S. Hours and the Labor Wedge

Staff Working Paper 2010-28 Simona Cociuba, Alexander Ueberfeldt
From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured as the discrepancy between a representative household's marginal rate of substitution between consumption and leisure and the marginal product of labor, declined substantially.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Labour markets, Potential output JEL Code(s): E, E2, E24, H, H2, H20, H3, H31, J, J2, J22

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Education

  • PhD (Economics), University of Minnesota (2005)
  • Diploma (Volkswirtschaftslehre / Economics), University of Bielefeld (2000)
  • MA (Economics), Purdue University (1999)

Research Interests

  • Macroeconomics
  • Monetary economics
  • Macro-labour economics
  • Financial stability

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Alexander Ueberfeldt

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