I am senior vice president and director of financial policy at the Federal Reserve Bank of Chicago. I oversee the bank’s insurance and financial markets teams and its financial stability council. I also serve as a liaison to the New York Fed’s market operations, monitoring and analysis group and on the Chicago Fed’s loan committee.
My research uses micro data to inform our understanding of the macroeconomy. I have studied issues including migration, risk sharing, labor markets, and inflation. My work has been published in the Journal of Political Economy, Quantitative Economics, Demography, and other journals.
October 2019: A new policy article on developments in money markets is available online: “Understanding Recent Fluctuations in Short-Term Interest Rates”.
January 2019: “Changing Patterns of Geographic Mobility and the Labor Market for Young Adults” (with Janna E. Johnson) has been published in the Journal of Labor Economics.
August 2018: “The Changing (Dis-)Utility of Work” (with Greg Kaplan) has been published in the Journal of Economic Perspectives.
August 2018: Two new blog posts about how the Federal Reserve’s mortgage-backed security purchases affect credit allocation and the economy have been published at Liberty Street Economics (both with Antoine Martin).
July 2018: “The age-time-cohort problem and the identification of structural parameters in life-cycle models” has been published in Quantitative Economics.