Our Team
Marvin Goodfriend
A professor of political economy at Carnegie Mellon University, Marvin Goodfriend (1950-2019) was a senior vice president and policy advisor in the Research Department from 1993 to 2005. Goodfriend also served as director of research from 1993 to 1999.
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Marvin Goodfriend's Legacy
- A Remembrance of Marvin Goodfriend (Richmond Fed)
- Remembering Marvin Goodfriend (Carnegie Mellon University)
- Current Monetary Policy: The Influence of Marvin Goodfriend (Shadow Open Market Committee)
- Essays in Honor of Marvin Goodfriend: Economist and Central Banker (Richmond Fed)
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Bank Publications
Economic Quarterly, Summer 2004
J. Alfred Broaddus, Jr. and Marvin Goodfriend
Economic Quarterly, Summer 2004Marvin Goodfriend
Annual Report, 2003J. Alfred Broaddus, Jr. and Marvin Goodfriend
Economic Quarterly, Fall 2002Marvin Goodfriend
Economic Quarterly, Winter 2001Marvin Goodfriend and J. Alfred Broaddus, Jr.
Economic Quarterly, Winter 2001Marvin Goodfriend
Economic Quarterly, Winter 2000Marvin Goodfriend
Annual Report, 2000J. Alfred Broaddus, Jr. and Marvin Goodfriend
Economic Quarterly, Fall 1999Marvin Goodfriend and Jeffrey M. Lacker
Annual Report, 1999Marvin Goodfriend
Economic Quarterly, Summer 1998Marvin Goodfriend
Economic Quarterly, Winter 1997Marvin Goodfriend
Economic Quarterly, Winter 1996Marvin Goodfriend and J. Alfred Broaddus, Jr.
Annual Report, 1996Marvin Goodfriend
Annual Report, 1995J. Alfred Broaddus, Jr. and Marvin Goodfriend
Economic Quarterly, Winter 1993Marvin Goodfriend
Economic Review, Jan/Feb, 1991Marvin Goodfriend
Economic Review, May/Jun, 1988Marvin Goodfriend and Robert G. King
Economic Review, Jan/Feb, 1988Marvin Goodfriend and Bennett T. McCallum
Economic Review, Sep/Oct, 1986Marvin Goodfriend
Economic Review, Jan/Feb, 1986Marvin Goodfriend
Economic Review, Nov/Dec, 1984J. Alfred Broaddus, Jr. and Marvin Goodfriend
Economic Review, May/Jun, 1984Marvin Goodfriend
Economic Review, Mar/Apr, 1983Marvin Goodfriend and Monica Hargraves
Economic Review, Jan/Feb, 1982Marvin Goodfriend
Economic Review, Nov/Dec, 1981Marvin Goodfriend
Economic Review, May/Jun, 1981Marvin Goodfriend
Economic Review, Mar/Apr, 1980Marvin Goodfriend, James Parthemos and Bruce J. Summers
Economic Review, Sep/Oct, 1979Marvin Goodfriend
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Working Papers
April 2001, No. 01-2
Marvin Goodfriend and Robert G. King
January 2001, No. 01-1The paper explores the relationship between financial stability, deflation, and monetary policy. A discussion of narrow liquidity, broad liquidity, market liquidity, and financial distress provides the foundation for the analysis.
Marvin Goodfriend
August 2000, No. 00-3Marvin Goodfriend
July 1999, No. 99-4Marvin Goodfriend
March 1999, No. 99-2Marvin Goodfriend and Jeffrey M. Lacker
January 1999, No. 99-1Marvin Goodfriend and John McDermott
June 1997, No. 98-5Marvin Goodfriend and Robert G. King
April 1997, No. 97-4Marvin Goodfriend
January 1994, No. 94-2Marvin Goodfriend and John McDermott
June 1991, No. 91-6Marvin Goodfriend
August 1990, No. 90-6Marvin Goodfriend
August 1989, No. 89-3The evolution and structure of the payments system is explained by efficiency gains from substituting claims on particular institutions for commodity money.
Marvin Goodfriend
February 1988, No. 88-5Marvin Goodfriend
April 1988, No. 88-1Marvin Goodfriend and Robert G. King
July 1986, No. 87-3Marvin Goodfriend
July 1986, No. 86-4Marvin Goodfriend
July 1986, No. 86-3A model in which there is full contemporaneous adjustment of money holdings to transaction and opportunity-cost variables is shown to imply a positive coefficient on lagged money when these determinants are positively autocorrelated and contaminated with measurement error.
Bennett T. McCallum and Marvin Goodfriend
August 1985, No. 85-7Marvin Goodfriend
January 1985, No. 85-1J. Alfred Broaddus, Jr. and Marvin Goodfriend
September 1984, No. 84-4Marvin Goodfriend, Gary Anderson, Anil Kashyap, George Moore and Richard D. Porter
March 1983, No. 83-3Marvin Goodfriend
January 1983, No. 83-1Marvin Goodfriend and Monica Hargraves
September 1981, No. 81-2Marvin Goodfriend
January 1981, No. 81-1Marvin Goodfriend
September 1979, No. 79-5Marvin Goodfriend
March 1979, No. 79-2Marvin Goodfriend and Robert G. King
Our Team
Marvin Goodfriend was a senior vice president and policy advisor in the Research Department from 1993 to 2005. Goodfriend also served as director of research from 1993 to 1999. He is currently an economics professor at Carnegie Mellon University.