Daniel L. Thornton

Standard Vita

Biography

IDEAS

Education

Ph.D. Economics
University of Missouri-Columbia
1976

M.S. Economics
Arizona State University
1969

B.A. Economics
Parsons College
1967

Contact Info

Phone: (314) 444-8582
Fax: (314) 444-8731
Email: thornton@stls.frb.org

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries contact:
Adam Allington
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 313-3783

Daniel L. Thornton

Federal Reserve Bank of St. Louis Economic Synopses Articles

"Are Virtual “Currencies” Likely to Succeed?"
Federal Reserve Bank of St. Louis Economic Synopses, 2014, No. 8.

"Does the Economy Need More Spending Now?"
Federal Reserve Bank of St. Louis Economic Synopses, 2013, No. 24.

"Why is Output Growth So Slow?"
Federal Reserve Bank of St. Louis Economic Synopses, 2013, No. 4.

"Is the FOMC's Unemployment Rate Threshold a Good Idea?"
Federal Reserve Bank of St. Louis Economic Synopses, 2013, No. 1.

"The Efficacy of the FOMC’s Zero Interest Rate Policy"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 23.

"The Efficacy of Monetary Policy: A Tale from Two Decades"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 18.

"Quantitative Easing and Money Growth: Potential for Higher Inflation?"
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 4.

"Inflation Objective and Policy Credibility: A Potential Problem for the FOMC"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 38.

"Why Is Employment Growth So Low?"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 37.

"The FOMC's Interest Rate Policy: How Long Is the Long Run?"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 29.

"Tax Rates and Revenue Since the 1970s"
with Kevin L. Kliesen
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 24.

"The Federal Debt: What’s the Source of the Increase in Spending?"
with Kevin L. Kliesen
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 21.

"The Federal Debt: Too Little Revenue or Too Much Spending"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 20.

"Is the FOMC's Policy Inflating Asset Prices?"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 18.

"Core Versus Headline Inflation Again"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 16.

"Core Versus Headline Inflation: An Opportunity for Greater Transparency"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 12.

"Monetary Policy at the Zero Bound"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 7.

"What Does the Change in the FOMC's Statement of Objectives Mean?"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 1.

"Monetary Policy and Longer-Term Rates: An Opportunity for Greater Transparency"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 36.

"The Downside of Quantitative Easing"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 34.

"Would QE2 Have a Significant Effect on Economic Growth, Employment, or Inflation?"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 29.

"Can the FOMC Increase the Funds Rate Without Reducing Reserves?"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 28.

"Which Comes First: Inflation or the FOMC's Funds Rate Target?"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 25.

"Monetizing the Debt"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 14.

"The Case for 'Inflation First' Monetary Policy"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 47.

"Personal Saving and Economic Growth"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 46.

"Would Quantitative Easing Sooner Have Tempered the Financial Crisis and Economic Recession?"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 37.

"What Caused Long-Term Rates to Rise?"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 32.

"Negating the Inflation Potential of the Fed's Lending Programs"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 30.

"The Effect of the Fed’s Purchase of Long-Term Treasuries on the Yield Curve"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 25.

"What the Libor-OIS Spread Says"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 24.

"A Perspective on the Current Recession: It's Not the 'Worst Case' Yet"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 2.

"Is There Less Agreement About Inflation?"
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 1.

"Walter Bagehot, the Discount Window, and TAF"
Federal Reserve Bank of St. Louis Economic Synopses, 2008, No. 27.


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Journal of Economic Education, Spring 1977, 8(2), pp. 93-9.