Jean Burson |

Policy Advisor


Jean Burson, Policy Advisor

Jean Burson is a policy advisor for the Office of Policy Analysis at the Federal Reserve Bank of Cleveland. Her responsibilities include recommending and guiding the Bank’s policy responses to the mortgage foreclosure crisis, the spillover effects of vacancy and abandonment, and financial system regulatory reform.

Jean joined the Bank’s Research Department in 1994 and contributed to economic analysis and research, including several publications on monetary policy topics. She also served on a national group dedicated to payments system research, participated in the Federal Reserve System’s study of its future role in the payments system, and authored a white paper on the impact of terrorism on cash services.

In 1998, Jean assumed responsibilities in the Bank’s Financial Management Department, where she developed and implemented an organizational performance management system, aligned organizational and individual performance management, and integrated strategic planning, financial planning, and risk management processes. In 2008, she assumed her current position in the Bank’s Office of Policy Analysis.

Jean holds a bachelor’s degree in economics from Oberlin College and an MBA with a concentration in banking and finance from the Weatherhead School of Management at Case Western Reserve University.

  • Fed Publications
Title Date Publication Author(s) Type

 

July 1995 Federal Reserve Bank of Cleveland, Economic Commentary Jean M McIntire; John B Carlson; Economic Commentary

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April 1995 Federal Reserve Bank of Cleveland, Economic Review, vol. 31, no. 2 Jean M McIntire; Owen F Humpage; Economic Review
Abstract: The usefulness of money lies in its ability to reduce transaction costs, but this in turn depends on the public's confidence in the stability of money's purchasing power. Governments that lack an established reputation for price stability must adopt strong institutional constraints on their ability to inflate if they hope to achieve monetary credibility. Recent events in Mexico, and the movement toward market-based development strategies in Eastern Europe, Latin America, and Asia, have kindled an interest in the pros and cons of currency boards as an institution for providing monetary credibility in developing countries -the subject of this article.

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January 1995 Federal Reserve Bank of Cleveland, Economic Review, vol. 31, no.1 Jean M McIntire; John B Carlson; James B Thomson; Economic Review
Abstract: Unlike most futures contracts, which are drawn on commodities or financial instruments whose price or yield is determined in competitive markets, the federal funds futures rate is essentially determined by a deliberative decision of the Federal Open Market Committee (FOMC). As such, the fed funds futures market is a place where one can place a bet as to what future monetary policy will be. The FOMC can thus assess in fairly precise terms what markets expect it to do. In this paper, the authors examine the predictive accuracy of the fed funds futures market and consider some policy implications. They find that accuracy clearly improves in the two-month period leading up to the contract's expiration and that the largest prediction errors occur around policy turning points.

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