Economist, Federal Reserve Board of Governors, Division of Monetary Affairs

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Welcome! I am an Economist at the Federal Reserve Board of Governors in Washington, D.C. My research measures the sensitivity of household consumption to a change in the future price level, which is known as 'intertemporal substitution' in economic parlance. To do so, I examine the impact of pre-announced changes in national consumption tax rates on household consumption and expenditure. More generally, I am interested in the impact of tax policy on household consumption behavior, and have recently begun work examining the impact of political uncertainty (i.e. the debt limit episodes) on the market for Treasury securities.

Originally from the suburbs of Chicago, I lived and worked in Washington, D.C. and Chicago prior to beginning graduate school, spending two years at the Urban Institute, a think tank, and two years in the Research Department at the Federal Reserve Bank of Chicago.  After that, it was on to the University of Michigan in Ann Arbor, where I received my Ph.D. in Economics in 2013.

As the U.S. is the only developed nation that does not have a national consumption tax, I've been fortunate to have the opportunity to travel to Japan and New Zealand to complete much of my research. I spent the Summer of 2010 at Kobe University in Japan working with my co-author, Takashi Unayama. Our research examines the impact of Japan's 1997 consumption tax rate increase on household consumption, and was recently cited in testimony in the Japanese Diet, where another consumption tax rate increase was recently implemented. Following my time in Japan, I spent the first four months of 2011 in New Zealand, completing research on the impact of three consumption tax rate increases on retail sales, and avoiding what proved to be a brutal Midwest winter.
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