Kenneth D. Garbade

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Kenneth Douglas Garbade (born June 2, 1946 in New York ) is an American economist , author and professor of economics and finance . Garbade is a senior vice president of the research group at the Federal Reserve Bank of New York .

life and work

Kenneth D. Garbade grew up as the son of the German-American Arthur Garbade (1904–1982) and Louise M. Garbade Degan in New Hyde Park , New York. He is married in second marriage to Bernice Feuer and father of daughter Larissa Yosafat Garbade. He attended the faculty of the New York Graduate School of Business Administration and graduated from the California Institute of Technology with a Bachelor of Science in Physics and History in 1968 and a Ph.D. in 1975. in Economics from Princeton University , New Jersey. At the Graduate School of Business Administration at New York University he was an instructor in economics and finance from 1973 to 1974 and then assistant professor of economics and finance (1974 to 1978) and professor of economics and finance from 1980 to 1982. He started as a consultant at the Federal Reserve Bank of New York and became a research fellow in 1979. Garbade was Managing Director of Bankers Trust Company from 1985 to 1997 and was promoted to Vice President of the Federal Reserve Bank of New York in 2000, where he has served as Senior Vice President since 2008.

Book publications

His economics books and newspaper articles are important in the financial world. The designation of depth of market as a description of a dimension of the liquidity of a file goes back to Garbade and is taken up by Bernstein, Harris and Schmidt designate this dimension as market width. He is the author of Discretionary Control of Aggregate Economic Activity (Lexington Books, 1975), Securities Markets (McGraw Hill, 1982), Fixed Income Analytics (MIT Press, 1996), and From the Great War to the Great Depression (MIT Press, 2012) . In Price Dispersion in The Government Securities Market , (MIT Press, 2001) the authors Garbade and Silber find empirical evidence for the suitability of the issue volume as a liquidity indicator. Quafya Sai and Marin Tadinac describe what is special about this liquidity indicator in their book Liquidity of the Capital Markets: "..This indicator tries to capture the liquidity without using information about the trading process. The idea here is that properties of securities are what determine their liquidity. One such property is the issue volume .. "

Magazine publications

Garbade publishes in the Journal of Finance , Journal of Political Economy , International Economic Review and the Journal of Banking and Finance , among others

Individual evidence

  1. ↑ Kenneth Garbade - FEDERAL RESERVE BANK of NEW YORK. Accessed June 1, 2020 .
  2. ↑ Bernice Feuer Is Wed To Kenneth Garbade . In: The New York Times . October 21, 1985, ISSN  0362-4331 ( nytimes.com [accessed June 1, 2020]).
  3. ^ Peter L. Bernstein: Financial Management . Vol.16, No2. Wiley for the Financial Management Association International, Tampa, Florida, USA, p. 54 -62 .
  4. ↑ Quafya Sai and Marin Tadinac: Liquidity of the Capital Markets . Diplomica Verlag GmbH, Hamburg 2009, ISBN 978-3-8366-3002-3 , p. 59 .
personal data
SURNAME Garbade, Kenneth D.
ALTERNATIVE NAMES Garbade, Kenneth Douglas (full name)
BRIEF DESCRIPTION American economist and university professor
DATE OF BIRTH June 2, 1946
PLACE OF BIRTH new York