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Michael T. Owyang

Research Officer
Mailing Address:
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
Phone: (314) 444-8558
Fax: (314) 444-8731
Email: Michael.T.Owyang@stls.frb.org

Vitae

Areas of Interest

  • Time Series Econometrics
  • Bayesian Econometrics
  • Markov Switching

Upcoming Events

Applied Econometrics and Forecasting in Macroeconomics and Finance Workshop, March 20-21, 2008

Publications in Refereed Journals

"Regional VARs and the Channels of Monetary Policy"
with Howard J. Wall
FORTHCOMING: Applied Economics Letters
Abstract | Full Text (PDF 407K)

"Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage"
with Leora Friedberg, University of Virginia, and Tara M. Sinclair, The George Washington University
Berkeley Electronic Press, Topics in Economic Analysis and Policy, 2006, 6(1), Article 14.

"The Information Content of Regional Employment Data for Forecasting Aggregate Conditions"
with Rubén Hernández-Murillo
Economics Letters, March 2006, 90(3), pp. 335-9.

"What Explains the Varying Monetary Response to Technology Shocks in G-7 Countries?"
with Neville Francis and Athena T. Theodorou
International Journal of Central Banking, December 2005, 1(3), pp. 33-71.

"Business Cycle Phases in U.S. States"
with Jeremy M. Piger and Howard J. Wall
Review of Economics and Statistics, November 2005, 87(4), pp. 604-16.

"Monetary Policy in a Markov-Switching VECM: Implications for the Cost of Disinflation and the Price Puzzle"
with Neville Francis, University of North Carolina
Journal of Business and Economic Statistics, July 2005, 23(3), pp. 305-13.

"Regime Switching and Monetary Policy Measurement"
with Garey Ramey, University of California, San Diego
Journal of Monetary Economics, November 2004, 51(8), pp. 1577-98.

Working Papers

"States and the Business Cycle" - November 2007
with David E. Rapach and Howard J. Wall
Federal Reserve Bank of St. Louis Working Paper 2007-050A
Abstract | Full Text (PDF 444K)

"Multivariate Forecast Evaluation and Rationality Testing" - October 2007
with Ivana Komunjer
Federal Reserve Bank of St. Louis Working Paper 2007-047A
Abstract | Full Text (PDF 1.2M)

"Whatever Happened to the Business Cycle? A Bayesian Analysis of Jobless Recoveries" - March 2007
with Kristie M. Engemann
Federal Reserve Bank of St. Louis Working Paper 2007-013A
Abstract | Full Text (PDF 347K)

More Working Papers

Current Research Projects

"The Spatial Propagation of Government Spending Shocks"
with Sarah Zubairy, Duke University

"The Local Effects of Monetary Policy"
with Neville Francis and Tatevik Sekhposyan, University of North Carolina

Federal Reserve Bank of St. Louis Review

"A Primer on the Empirical Identification of Government Spending Shocks"
with Kristie M. Engemann and Sarah Zubairy
Federal Reserve Bank of St. Louis Review, March/April 2008, 90(2), pp. 117-32.

"Changing Trends in the Labor Force: A Survey"
with Riccardo DiCecio, Kristie M. Engemann, and Christopher H. Wheeler
Federal Reserve Bank of St. Louis Review, January/February 2008, 90(1), pp. 47-62.

More Federal Reserve Bank of St. Louis Review

Other Federal Reserve Bank of St. Louis Publications

"Extra Credit: The Rise of Short-term Liabilities"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis The Regional Economist, April 2008, pp. 12-13.

"Splitsville: The Economics of Unilateral Divorce"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis The Regional Economist, January 2008, pp. 12-16.

"Working Hard or Hardly Working? The Evolution of Leisure in the United States"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis The Regional Economist, January 2007, pp. 10-11.

More Federal Reserve Bank of St. Louis Publications

Recent Commentary

"What Are the Chances?"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis National Economic Trends, November 2007.

Past Commentary

Education

Degree Institution Major Date
Ph.D. University of California
San Diego
Economics
2000
M.A. University of California
San Diego
Economics 1996
B.A. University of California
Berkeley
Economics 1992
B.S. University of California
Berkeley
Mechanical Engineering 1992

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