Embedded Files
Contact:
Contact:
Economic Research,
Economic Research,
Federal Reserve Bank of San Francisco,
Federal Reserve Bank of San Francisco,
101 Market Street, San Francisco, CA 94105
101 Market Street, San Francisco, CA 94105
Position:
Position:
Research Advisor, FRB SF, since August 2021
Research Advisor, FRB SF, since August 2021
Senior Economist, FRB SF, April 2019 - July 2021
Senior Economist, FRB SF, April 2019 - July 2021
Economist, FRB SF, May 2015 - April 2019
Economist, FRB SF, May 2015 - April 2019
Education:
Education:
Ph.D. in Economics, Stanford University, 2015
Ph.D. in Economics, Stanford University, 2015
M.A. in Economics, University of Tokyo, 2009
M.A. in Economics, University of Tokyo, 2009
B.A. in Economics, University of Tokyo, 2007
B.A. in Economics, University of Tokyo, 2007
Publications:
Publications:
Journal of Political Economy Macroeconomics, 3(1), Mar 2025.
Journal of Political Economy Macroeconomics, 3(1), Mar 2025.
with Pete Klenow
with Pete Klenow
Review of Economic Studies, 90(6), 2675–2702, Nov 2023.
Review of Economic Studies, 90(6), 2675–2702, Nov 2023.
with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Pete Klenow
with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Pete Klenow
The conference vol. of the Jackson Hole Economic Symposium, Sep 2022.
The conference vol. of the Jackson Hole Economic Symposium, Sep 2022.
with John Fernald
with John Fernald
"The Economics of Creative Destruction, a Festschrift in Honor of Aghion-Howitt" Harvard University Press, Apr 2022.
"The Economics of Creative Destruction, a Festschrift in Honor of Aghion-Howitt" Harvard University Press, Apr 2022.
with Timo Boppart
with Timo Boppart
Journal of Development Economics, Vol 154, Jan 2022.
Journal of Development Economics, Vol 154, Jan 2022.
Journal of Econometrics, 222 (1), Part A, 56-72, May 2021.
Journal of Econometrics, 222 (1), Part A, 56-72, May 2021.
with Han Hong and Jessie Li
with Han Hong and Jessie Li
NBER Macroeconomics Annual, 2020
NBER Macroeconomics Annual, 2020
with Pete Klenow
with Pete Klenow
American Economic Review, 109(8), 2795–2822, Aug 2019.
American Economic Review, 109(8), 2795–2822, Aug 2019.
with Philippe Aghion, Antonin Bergeaud, Timo Boppart and Pete Klenow
with Philippe Aghion, Antonin Bergeaud, Timo Boppart and Pete Klenow
Computational Economics, 46(2), 171-187, Aug 2015.
Computational Economics, 46(2), 171-187, Aug 2015.
Journal of Economic Dynamics and Control, 45, 353-365, Aug 2014.
Journal of Economic Dynamics and Control, 45, 353-365, Aug 2014.
with John Stachurski
with John Stachurski
Mathematics of Operations Research, 37(3), 489-500, Aug 2012.
Mathematics of Operations Research, 37(3), 489-500, Aug 2012.
with R. Anton Braun and John Stachurski
with R. Anton Braun and John Stachurski
Work in progress/Working papers:
Work in progress/Working papers:
Good Rents versus Bad Rents: R&D Misallocation and Growth (with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Pete Klenow), Aug 2025
Good Rents versus Bad Rents: R&D Misallocation and Growth (with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Pete Klenow), Aug 2025
The Effect of Aging on Entrepreneurship and Aggregate Productivity (with Takeo Hoshi and Naomi Kodama) revision submitted to Journal of the Economics of Aging, Aug 2025
The Effect of Aging on Entrepreneurship and Aggregate Productivity (with Takeo Hoshi and Naomi Kodama) revision submitted to Journal of the Economics of Aging, Aug 2025
Borrowing Constraints, Markup Dispersion and Misallocation (with Chen Lian, Yueran Ma, and Emily Martell), Jun 2025
Borrowing Constraints, Markup Dispersion and Misallocation (with Chen Lian, Yueran Ma, and Emily Martell), Jun 2025
What Drives Trends in Employment to Population Ratios? (with Shelby Buckman and Nicolas Petrosky-Nadeau)
What Drives Trends in Employment to Population Ratios? (with Shelby Buckman and Nicolas Petrosky-Nadeau)
Fallow working papers:
Fallow working papers:
- The Asymptotic Distribution of Estimators with Overlapping Simulation Draws (with Tim Armstrong, Ron Gallant and Han Hong), submitted to Econometric Review, Aug 2018.
Short publications:
Short publications:
- Productivity During and Since the Pandemic. FRBSF Economic Letter 2024-31 (with Fernald, Meisenbacher, and Yalcin) video summary
- Are Markups Driving the Ups and Downs of Inflation?. FRBSF Economic Letter 2024-12 (with Leduc and Liu)
- Does Working from Home Boost Productivity Growth?. FRBSF Economic Letter 2024-02 (with Fernald, Goode, and Meisenbacher)
- Future Output Loss from COVID-Induced School Closures. FRBSF Economic Letter 2021-04 (with Fernald and Ochse)
- Is Rising Concentration Hampering Productivity Growth? FRBSF Economic Letter 2019-28 (with Klenow and Naff)
- Missing growth: How imputation and creative destruction affect TFP measurement. Vox EU, August 2017 (with Aghion, Bergeaud, Boppart, and Klenow)
Other professional activities:
Other professional activities:
- U.S. Census Bureau Special Sworn Status Researcher, since 2015
- Macro Finance Society member, since 2015.
- Referee experience: Econometrica | Journal of Political Economy | Quarterly Journal of Economics | Review of Economic Studies | American Economic Review | AER Insights | AEJ Macro | JPE Macro | Journal of European Economic Association | Journal of Monetary Economics | Economic Journal | Journal of Financial Economics | Management Science | Journal of Development Economics | Journal of Economics Theory | Review of Economic Dynamics | Review of Economics and Statistics | European Economic Review | Quantitative Economics | Journal of Economic Dynamics and Control | the B.E. Journal of Macroeconomics | Computational Economics | Economics Letters
Awards:
Awards:
2021 Excellence in Refereeing Award, AER: Insights
2021 Excellence in Refereeing Award, AER: Insights
2020 Excellence in Refereeing Award, AER: Insights
2020 Excellence in Refereeing Award, AER: Insights
2014-15 Leonard W. Ely and Shirley R. Ely Graduate Student Fund Fellowship, SIEPR
2014-15 Leonard W. Ely and Shirley R. Ely Graduate Student Fund Fellowship, SIEPR
2013-14 Dissertation Fellow, IRiSS Stanford
2013-14 Dissertation Fellow, IRiSS Stanford
2013-14 Japan Fund Dissertation Fellowship, FSI
2013-14 Japan Fund Dissertation Fellowship, FSI
2012-13 Shultz Graduate Student Fellowship in Economic Policy, SIEPR
2012-13 Shultz Graduate Student Fellowship in Economic Policy, SIEPR
2012-13 Shorenstein Predoctoral Fellowship in Contemporary Asia
2012-13 Shorenstein Predoctoral Fellowship in Contemporary Asia
2009-10 Stanford Department Fellowship
2009-10 Stanford Department Fellowship
2009 JSPS Research Fellowships for Young Scientists
2009 JSPS Research Fellowships for Young Scientists
2008 CEMANO-COE Distinguished TA Award for Core Graduate Macroeconomics II, The University of Tokyo
2008 CEMANO-COE Distinguished TA Award for Core Graduate Macroeconomics II, The University of Tokyo
2007-09 Japanese Government Scholarship for Master Studies
2007-09 Japanese Government Scholarship for Master Studies
2007 Presidential Award, The University of Tokyo
2007 Presidential Award, The University of Tokyo
2002-06 Japanese Government Scholarship for Undergraduate Studies
2002-06 Japanese Government Scholarship for Undergraduate Studies
Last Updated : August 2025.
The material on this website does not necessarily reflect the views of the Federal Reserve Bank of San Francisco or the Federal Reserve System.
Google Sites
Report abuse