Patrick Moran

Welcome

I'm an Economist at the Federal Reserve Board. My research interests are in macroeconomics, household finance, and applied microeconomics. I'm especially interested in theories of household behavior with implications for macroeconomics, inequality, and public policy. 

I previously worked as an Assistant Professor of Economics at the University of Copenhagen. I continue to teach as an External Lecturer at the University of Copenhagen, where I teach graduate coursework on Heterogeneous Agent Macro Models. I'm also a Research Associate at the Center for Economic Behavior and Inequality (CEBI) in Copenhagen and the Institute for Fiscal Studies (IFS) in London. I completed my PhD in Economics at the University of Oxford, during which time I was a visiting student at Yale University and a visiting scholar at the IFS.

What's new?

• [February 2024] Our paper titled "Temptation and Commitment:  A Model of Hand-to-Mouth Behavior" was published at the Journal of the European Economics Association. 

• [January 2024] I'm organizing a session on "Housing and the Macroeconomy" at the 2024 ASSA Annual Meeting.

• [October 2023] I'm teaching a grad course on Heterogeneous Agent Macro Models with Jeppe Druedahl at the University of Copenhagen. 

• [August 2023] New and improved working paper: "Financial Innovation, the Decline in Household Savings, and the Trade-off between Flexibility and Commitment" 

• [September 2022] I'm very excited to join the Federal Reserve Board, Division of Research & Statistics, as part of the team analyzing household spending and saving.

• [February 2021] "Estimating Temptation and Commitment Over the Life-Cycle" is published in the International Economic Review. 

Email: patrick.e.donnellymoran@frb.gov or patrick.moran@econ.ku.dk