An article by SF Fed economists Zheng Liu and Mark Spiegel, along with coauthors Chun Chang and Jingyi Zhang, made the list of being among the most frequently cited since 2018 for the Journal of Monetary Economics. The article, “Reserve Requirements and Optimal Chinese Stabilization Policy” is one of the top 25 JME articles ranked by number of citations.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.