Stefan Jacewitz serves as an Assistant Vice President and economist at the Federal Reserve Bank of Kansas City, where he is the oversight officer of the Banking and Financial Markets group. He has held leadership positions within the Federal Reserve System, the U.S. Department of the Treasury, and the Federal Deposit Insurance Corporation (FDIC). In 2024, Dr. Jacewitz served as Lead Author for the Financial Stability Oversight Council’s annual report to Congress. His original research has been published in the Review of Financial Studies, the Journal of Econometrics, the Journal of Money, Credit, and Banking, the Review of Corporate Finance Studies, and the Journal of Financial Services Research. Dr. Jacewitz has a Ph.D. in Economics with a focus in financial econometrics from Texas A&M University and B.A. degrees in Mathematics and Economics from the University of Oklahoma. He has also completed the Senior Executive Fellows program at the Harvard Kennedy School and the Yale Program on Financial Stability’s Symposium at the Yale School of Management.
Professional Journals and Books
- “Shared Destinies? Small Banks and Small Businesses,” Review of Financial Studies, Forthcoming (with Claire Brennecke and Jonathan Pogach).
- “External LinkShadow Insurance? Money Market Fund Investors and Bank Sponsorship,” Review of Corporate Finance Studies, 2024 (with Haluk Unal, Chengjun Wu).
- “External LinkA Prudential Paradox: The Signal in (Not) Restricting Bank Dividends,” Journal of Money, Credit and Banking, 2023 (with Levent Guntay and Jonathan Pogach).
- “External LinkDeposit Rate Advantages at the Largest Banks,” Journal of Financial Services Research, 2018 (with Jonathan Pogach).
- “External LinkA reexamination of stock return predictability,” Journal of Econometrics, 2016 (with Yongok Choi and Joon Y. Park).
Economic Review Articles
- A Method for Estimating the Price of Stablecoin Insurance
with Chris Acker, Vol. 109, no. 4 - The Increasing Brick-and-Mortar Efficiency of Community Banks
Vol. 107, no. 2
Research Working Papers
- Explaining the Life Cycle of Bank-Sponsored Money Market Funds: An Application of the Regulatory Dialectic
with Jonathan Pogach, Haluk Unal, and Chengjun Wu, RWP 24-01 - Shared Destinies? Small Banks and Small Business Consolidation
with Claire Brennecke and Jonathan Pogach, RWP 21-19 - Shadow Insurance? Money Market Fund Investors and Bank Sponsorship
with Haluk Unal and Chengjun Wu, RWP 21-07
Economic Bulletin
- Rapid Declines in the Fed’s Overnight Reverse Repurchase (ON RRP) Facility May Start to Slow
November 2023 - Pushing the Limit: Last-Minute Debt Limit Resolutions Have Increased Market Volatility and Uncertainty
with W. Blake Marsh and Nicholas Sly, February 2023