I'm an Associate Professor in the Economics Department at Middlebury College. My research interests are in the areas of macroeconomics, experimental economics, and labor economics. I teach classes in introductory and advanced macroeconomics, international finance, and money and banking.
Contact:
Warner Hall 306
Middlebury College
Middlebury, VT
05754
dmunro 'at' middlebury.edu
Office Hrs: by appointment
Research
Working Papers:
"High-Frequency Monetary Policy Shocks: What Are Markets Learning? [View]
"Zoning Reforms and Housing Affordability: Evidence from the Minneapolis 2040 Plan" with Helena Gu (Midd '25). [View] (Coverage: Star Tribune, Minneapolis Times, Marginal Revolution)
"The Rockets and Feathers of Inflation Attention" with Oleg Korenok. [View]
"Sticky Prices as Coordination Failure: An Experimental Investigation" with Joy Buchanan. [View]
"The language of the Federal Reserve's inflation target" with Mariia Dzholos (Midd '24). [View]
Publications:
"Comparing Unemployment-Based Recession Indicators," with Jae Hoon Choi. forthcoming, Economics Letters [View]
"Do Losses Trigger Deliberative Reasoning?" with Jeff Carpenter, (2025) Judgment and Decision Making -[View]
"The Emergence of a Uniform Business Cycle in the United States: Evidence from New Claims-Based Unemployment Data," with Andrew Fieldhouse, Sean Howard (Midd '20), and Christoffer Koch, (2024) Brookings Papers on Economic Activity - [View] [Historical Claims Data] (Coverage: Macro Roundup)
"How does the dramatic rise of nonresponse in the current population survey impact labor market indicators?" with Robert Bernhardt (Midd '19.5) and Erin Wolcott, (2024). Journal of Applied Econometrics - [View]
"Inflation and Attention Thresholds," with Oleg Korenok and Jiayi Chen. forthcoming, Review of Economics and Statistics- [View] [Replication Package] (Coverage: Marginal Revolution, Esprits Animaux, Economist, Financial Times, Money and Banking Blog, Bank of Canada, Bundesbank, Macroeconomic Policy Nexus)
"Market Concentration and the Responsiveness of Prices and Mark-ups," with Curtis Kephart, (2023). Journal of Behavioral and Experimental Economics - [View]
"Market Liquidity and Excess Volatility: Theory and Experiment," with Jae Hoon Choi, (2022). Journal of Economic Dynamics and Control - [View]
"Wage bargaining in a matching market: experimental evidence," with Oleg Korenok, (2021). Labour Economics - [View]
"Consumer Behavior and Firm Volatility" (2021), Journal of Money, Credit, and Banking - [View]
"Preferences for Efficiency and Redistribution: An Experiment Using Charitable Donations," with Jake Guth (Midd '19), (2020). Economics Bulletin - [View]
"Experience, Skill Composition, and the Persistence of Unemployment Fluctuations," with Aspen Gorry and Christian vom Lehn, (2020). Labour Economics - [View]
"Dynamic Runs and Circuit Breakers: An Experiment," with Jacopo Magnani (2020), Experimental Economics - [View]
"Combinatorial Clock Auctions: Price Direction and Performance," with Stephen Rassenti (2019), Games and Economic Behavior - [View]
"An Experiment on a Core Controversy," with Huibin Yan and Daniel Friedman, (2016) Games and Economic Behavior - [link]
"Combinatorial Auctions," with David Porter and Stephen Rassenti, in Thomas, Christopher R. and Shugart, William F. , (2013), The Oxford Handbook of Managerial Economics, Oxford University Press [View]
Non-Econ Research:
"Are there lane advantages in track and field?" (2022), PLOS ONE - [View] [Replication Package]