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Journal Article
Mapping the U.S. Production Network: Identifying Hub Industries
Identifying key suppliers and buyers could help identify the cause of certain economic downturns.
Journal Article
The Impact of Automation on Inequality
Occupations with large employment and low income have a higher automation probability.
Journal Article
Industry Connectivity: A Case Study of the Construction Industry
Industries most related to the construction industry were hit harder by the Great Recession.
Journal Article
Firms’ Price-Markup Dynamics During the Great Recession
The customer capital model is consistent with Great Recession markup dynamics.
Journal Article
Price Markups for Small and Large Firms Over the Business Cycle
In this essay, I measure markup behaviors at the firm level (as opposed to the aggregate level usually measured in the literature). I use firm-level data in manufacturing sectors of France from the Bureau van Dijk (BvD) Amadeus dataset. I focus on the manufacturing sector because it suits the estimation of production functions.
Journal Article
The Global Decline of the Natural Rate of Interest and Implications for Monetary Policy
A low natural rate of interest in normal times may call for unconventional policy in recessions.
Journal Article
Factors Behind the Decline in the U.S. Natural Rate of Interest
Longer lives and fewer babies have contributed to a lower natural rate of interest.
Journal Article
U.S. States Hit the Hardest by COVID-19 Have Lower Unemployment Risks
States with relatively more COVID-19 cases tend to have a workforce less likely to face unemployment.
Journal Article
How Important Are Production Networks to the U.S. Economy?
As manufacturing grows more sophisticated, industries become more interconnected through production networks.
Journal Article
60% of District's Jobs Could Face Automation in the Next 20 Years
Jobs in the St. Louis Fed?s District face a higher risk of automation than do jobs nation-wide. Smaller MSAs in the District will face bigger impact.