Ron Mau
Federal Reserve Bank of Dallas
Ron Mau is a senior business economist at the Federal Reserve Bank of Dallas.
He is broadly interested in monetary policy and financial-sector interactions in the United States. His work focuses on the impact of Federal Reserve asset purchases, a prominent feature of U.S. monetary policy since 2008 on lending rates, credit levels and borrower decisions. Asset purchases change household demand for debt-financed expenditures, altering household consumption levels and labor-supply decisions. His work also addresses how monetary policy and financial market interactions affect standard macroeconomic results related to fiscal policy, household inequality and conventional interest rate policy transmission.
Prior to joining the Dallas Fed in September 2023, he was an assistant professor of economics at the University of Mississippi.
Mau earned a BS in applied mathematics from Auburn University and an MA and a PhD in economics from the University of Notre Dame.
- “What Is in a Name? Purchases and Sales of Financial Assets as a Monetary Policy Instrument,” Journal of Money, Credit and Banking, vol. 55, no. 6, 2022, pp. 1507–33. https://doi.org/10.1111/jmcb.12993.
- “Term Premium Variability and Monetary Policy,” with Timothy S. Fuerst, The Oxford Handbook of the Economics of Central Banking, edited by Mayes, Siklos and Strum, Oxford University Press, 2019, pp. 406–35. https://doi.org/10.1093/oxfordhb/9780190626198.013.13.
- “State and local governments rake in surpluses after pandemic,” with Fang Yang, Dallas Fed Economics, December 19, 2023.