Education
Ph.D. Economics
University of California
San Diego
2000
M.A. Economics
University of California
San Diego
1996
B.A. Economics
University of California
Berkeley
1992
B.S. Mechanical Engineering
University of California
Berkeley
1992
Contact Info
Phone: (314) 444-8558
Fax: (314) 444-8731
Email: Michael.T.Owyang@stls.frb.org
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
Michael T. Owyang
Publications in Refereed Journals
"The Local Effects of Monetary Policy" -
September 2009, Revised April 2011
with Neville Francis and Tatevik Sekhposyan
FORTHCOMING: BE Journal of Macroeconomics
"Multivariate Forecast Evaluation and Rationality Testing" - October 2007, Revised March 2011
with Ivana Komunjer
FORTHCOMING: Review of Economics and Statistics
Online Appendix
"The Propagation of Regional Recessions" - April 2009, Revised October 2010
with James D. Hamilton
FORTHCOMING: Review of Economics and Statistics
"Whatever Happened to the Business Cycle? A Bayesian Analysis of Jobless Recoveries"
with Kristie M. Engemann
Macroeconomic Dynamics, November 2010, 14(5), pp. 709-26.
"Is Housing the Business Cycle? Evidence from U.S. Cities"
with Andra C. Ghent
Journal of Urban Economics, May 2010, 67(3), pp. 336-51.
"Regional VARs and the Channels of Monetary Policy"
with Howard J. Wall
Applied Economics Letters, August 2009, 16(12), pp. 1191-94.
"States and the Business Cycle"
with David E. Rapach and Howard J. Wall
Journal of Urban Economics, March 2009, 65(2), pp. 181-94.
"Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach"
with Michelle T. Armesto, Rubén Hernández-Murillo,
and Jeremy M. Piger
Journal of Money, Credit and Banking, February 2009, 41(1), pp. 35-55.
"The Economic Performance of Cities: A Markov-Switching Approach"
with Jeremy M. Piger,
Howard J. Wall, and Christopher H. Wheeler
Journal of Urban Economics, November 2008, 64(3), pp. 538-50.
"A State-Level Analysis of the Great Moderation"
with Jeremy M. Piger and Howard J. Wall
Regional Science and Urban Economics, November 2008, 38(6), pp. 578-89.
"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.