Research
Recent Working Papers
"News Selection and Household Inflation Expectations"
with Ryan Chahrour and Daniel Wilson
FRBSF Working Paper October 2024.
"Are Medicaid and Medicare Patients Treated Equally?"
with Calvin Ackley, Abe Dunn, Eli Liebman
FRBSF Working Paper May 2024.
"A Simple Framework to Monitor Inflation" FRBSF Working Paper. 2022.
Cyclical and Acyclical Core PCE Inflation Indexes (code)
Covid-sensitive Core PCE Inflation Index (code)
Coverage in The Economist, Bloomberg, Wall Street Journal, New York Times
Publications
"Monetary Tightening and Financial Stress during Supply- versus Demand-driven Inflation"
with Frederic Boissay, Fabrice Collard, Cristina Manea.
Forthcoming in International Journal of Central Banking
"Decomposing Supply and Demand Driven Inflation"
Forthcoming in Journal of Money, Credit & Banking
Code, supply & demand series (.xlxs) FRBSF Economic Letter
"Phillips meets Beveridge" with Regis Barnichon
Journal of Monetary Economics, Volume 148, 103660. November 2024.
"A Denial a Day Keeps the Doctor Away"
with Abe Dunn, Joshua Gottlieb, Daniel Sonnenstuhl, and Pietro Tebaldi.
The Quarterly Journal of Economics Volume 139, Issue 1, Pages 187–233 February 2024.
with Daniel Wilson.
Review of Economic Studies Volume 89, Issue 5, Pages 2768 - 2805. October 2022. FRBSF Economic Letter
with Moritz Sudhof and Daniel Wilson.
Journal of Econometrics Volume 228, Issue 2, Pages 221-243. June 2022,
Code & Dictionaries News Sentiment Index
"Using Brexit to Identify the Nature of Price Rigidities"
with Bart Hobijn and Fernanda Nechio.
Journal of International Economics, Vol 130, 103448. May 2021.
"De-leveraging or De-Risking? How Banks Cope with Loss"
with Rhys Bidder and John Krainer.
Review of Economic Dynamics. Vol 39, 100-127. January 2021.
"Administration above Administrators: The Changing Technology of Health Care Management"
with Abe Dunn and Joshua Gottlieb.
American Economic Association, Papers & Proceedings, 110: 274-78. May 2020.
"Does Medicare Part D Save Lives?"
with Abe Dunn.
American Journal of Health Economics 5(1) p. 126-164. Winter 2019
"The Complexity of Billing and Paying for Physician Care"
with Abe Dunn and Joshua Gottlieb.
Health Affairs. 37:4 April 2018.
"Physician Competition and the Provision of Care: Evidence from Heart Attacks"
with Abe Dunn.
American Journal of Health Economics.. 4(2) p.226-261. Spring 2018.
with Abe Dunn, Eli Liebman, and Lindsey Rittmueller.
Health Services Research. 52:2,, 720-40. April 2017
"Price Setting and Rapid Technology Adoption: the case of the PC industry"
with Adam Copeland.
Review of Economics and Statistics. 98,, 601-616. July 2016
"Implications of Utilization Shifts on Medical-Care Price Measurement"
with Abe Dunn and Eli Liebman.
Health Economics. Vol. 24(5) Pages 539-537. May 2015.
"Physician Payments Under Health Care Reform"
with Abe Dunn.
Journal of Health Economics Vol 39 Pages 89-105. January 2015.
"Do Physicians Possess Market Power?"
with Abe Dunn.
Journal of Law & Economics Vol(57) February 2014.
with Abe Dunn and Eli Liebman.
December 2013.
Journal of Health Economics. Vol 32(6) Pages 1153- 1165.
“Medical-Care Price Indexes for Patients with Employer Provided Insurance: Nationally Representative Estimates from MarketScan Data”
with Abe Dunn, Sarah Pack, and Eli Liebman.
Health Services Research. 48(3), Pages 1173-1190. June 2013
"Strategic Alliance as a Response to the Threat of Entry: Evidence from Airline Codesharing"
with Christopher F. Goetz.
International Journal of Industrial Organization vol. 30 (6). Pages 735–747. November 2012.
"Price Dispersion Over the Business Cycle: Evidence from the Airline Industry"
with Kristopher S. Gerardi and Marco Cornia.
Journal of Industrial Economics. Vol. 60(3). September 2012.
"Does Competition Reduce Price Dispersion? New Evidence from the Airline Industry"
with Kristopher S. Gerardi.
Journal of Political Economy. February vol. 117 (1). 2009
"Estimating the New Keynesian Phillips Curve: A Vertical Production Chain Approach"
Journal of Money Credit & Banking. vol. 40(4), pages 627-666, 06. June 2008.
Book Chapters
"Developing a Framework for Decomposing Medical-Care Expenditure Growth: Exploring Issues of Representativeness"
with Abe Dunn and Eli Liebman.
Measuring Economic Sustainability and Progress, NBER Volume November 2012.
"Decomposing Medical-Care Expenditure Growth"
with Abe Dunn and Eli Liebman.
Measuring and Modeling Health Care Costs, NBER Volume, February 2018
Older Working Papers
"A Dynamic Model of Price Signaling, Consumer Learning, and Price Adjustment"
with Matthew Osborne. FRBSF Working Paper. November 2014.
"Physician Market Power and Medical-Care Expenditures"
with Abe Dunn. April 2012
"Implications of Consumer Heterogeneity on Price Measures for Technology Goods"
with Ana Aizcorbe.
BEA Working Paper. July 2010
"Subprime Outcomes: Risky Mortgages, Homeownership Experiences and Foreclosures"
with Kris Gerardi and Paul Willen.
Working Paper. 2007.
"Decomposing the Foreclosure Crisis: House Price Depreciation versus Bad Underwriting"
with Kris Gerardi and Paul Willen.
FRBB Working Paper. 2008.
SF Fed Economic Letters
"Pandemic-era Liquid Wealth is Running Dry" with Hamza Abdelrahman and Luiz Oliveira. August 2024
"The Rise and Fall of Pandemic Excess Wealth" with Hamza Abdelrahman and Luiz Oliveira. March 2024
"How Much Do Labor Costs Drive Inflation?" May 2023
"Can the News Drive Inflation Expectations?" with Gus Kmetz and Dan Wilson. November 2022
"How Much Do Supply and Demand Drive Inflation?" June 2022
"What's the Best Measure of Economic Slack?" with Regis Barnichon. February 2022
"Will Rising Rents Push Up Future Inflation?" with Kevin Lansin and Luiz Oliveira. February 2022
"Is the American Rescue Plan Taking Us Back to the '60s?" with Regis Barnichon and Luiz Oliveira. October 2021
"Monitoring the Inflationary Effects of Covid-19" August 2020
"News Sentiment in the Time of Covid-19" with Shelby Buckman, Moritz Sudhof, and Dan Wilson. April 2020.
"The Brexit Price Spike" with Neil Gerstein, Bart Hobijn, and Fernanda Nechio. August 2019.
"The Evolution of the FOMC's Explicit Inflation Target" with Dan Wilson. April 2019.
"Has inflation sustainably reached target?" November 2018.
"How do banks cope with loss?" with John Krainer and Rhys Bidder. January 2018.
"What's Down with Inflation?" with Tim Mahedy. November 2017
"What's in the news? A new economic indicator" with Daniel Wilson. April 2016.
"Energy's Impact on Inflation Expectations" with Yifan Cao. June 2016.
"Medicare Payment Cuts Continue to Restrain Inflation" with Jeff Clemens and Josh Gottlieb. May 2016.
"Did Massachusetts Health-Care Reform Affect Prices?" April 2015.
"How Much Do Medicare Cuts Reduce Inflation?" with Jeff Clemens and Josh Gottlieb. September 2014.
"Will Inflation Remain Low?" with Yifan Cao. June 2014.
"Why Do Measures of Inflation Disagree?" with Yifan Cao. December 2013.
"What's Driving Medical-Care Spending Growth?" March 2013.
Edit this menu via the Pages tab
Show me