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.
This my personal website. Any views expressed on this site are my own and do not necessarily represent the views or policies of the Board of Governors of the Federal Reserve System or its staff. My official website is here.
Ph.D., Economics, 2008
University of California, San Diego
BA, Economics, 2000
University of California, Berkeley
We develop comprehensive estimates of U.S. economic activity by sector, legal form of organization, and firm size to characterize how four government direct lending programs relate to these classes of economic activity.
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.