I am an economist at the Federal Reserve Board. My research focuses on U.S. labor markets, macroeconomics, and their trends and cyclical interaction. I am interested in questions about labor market polarization, labor market flows, forecasting, as well as studying current labor market developments.
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Ph.D., Economics, 2008
University of California, San Diego
BA, Economics, 2000
University of California, Berkeley
The markup of price over marginal cost increases in response to a positive shock to demand and TFP but decreases in response to an investment-specific technology shock. In contrast, how the markup is measured matters for its unconditional cyclicality.
This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for assessing the current state of the economy as it relates to the pursuit of both price stability and maximum employment.