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Padma Sharma
Economist

Email: padma.sharma[at]kc.frb.org
Address: Federal Reserve Bank of Kansas City
1 Memorial Drive
Kansas City, MO 64198

The views expressed herein are my own and do not represent the views of the Federal Reserve Bank of Kansas City or the Federal Reserve System.

I am a Senior Economist at the Federal Reserve Bank of Kansas City. As an economist in the Research Department, I provide policy support by examining salient developments and risks in banking and financial markets. My research interests span the union of two fields - Econometrics and Financial Economics.

Curriculum Vitae: The latest version of my CV can be accessed here

Research Interests: Econometrics, Banking and Financial Institutions, and Computational Statistics

Research

An overview of my publications and research projects in progress.

Publications

Suspensions of Payments and their Consequences (NBER Working Paper 27733) with Qian Chen, Christoffer Koch, and Gary Richardson , accepted at Journal of Financial Stability

“Do financial regulators act in the public’s interest? A Bayesian latent class estimation framework for assessing regulatory responses to banking crises” with Trambak Banerjee , forthcoming at Journal of the Royal Statistical Society: Series A

“Loan Guarantees in a Crisis: An Antidote to a Credit Crunch?” with Blake Marsh , Journal of Financial Stability, Volume 72, 2024, p.101244.

“Selection of random coefficients in ordered response models: a framework to detect heterogeneity in household surveys” , Journal of Applied Statistics, Volume 51, 2024 - Issue 4, pp. 682-700.

Working Papers

Nonparametric Empirical Bayes Prediction in Mixed Models
with Trambak Banerjee
under revision

Risk-shifting, Regulation and Government Assistance
with Trambak Banerjee

Work In Progress

Efficient Bayesian Estimation of the Mixed Logit Model with Ivan Jeliazkov and Kai Yoshioka

Detecting Structural Change in Time Varying Parameters of Panel Models with Trambak Banerjee

Policy

A Stress Test of Bank Commercial Real Estate Loans: What Can the 1980s Tell Us About Risks to Banks Today?
with Brendan Laliberte
Economic Review, Volume 109, Number 8 2024

Bank Deposit Rates Haven’t Kept Pace with Yields on Other Investments, but Depositors Are Staying Anyway
with Chris Acker and Blake Marsh
Economic Bulletin, February 2024

Community Bank Funding Is Getting Costlier and Riskier
with Brendan Laliberte and Blake Marsh
Economic Bulletin, December 2023

Government Assistance and Moral Hazard: Evidence from the Savings and Loan Crisis
Economic Review, Volume 107, Number 3 2022

Dampened Demand for Bank Loans Reflects Supply Bottlenecks, Not a Weakness in the Recovery
with Jacob Dice
Economic Bulletin, April 2022

PPP Raised Community Bank Revenue but Lowered Profitability”
with Blake Marsh
Economic Bulletin, December 2020

The Macroeconomic Fallout of Shutting Down the Banking System
with Christoffer Koch, Qian Chen and Gary Richardson
Economic Review, Volume 105, Number 2 2020