Jonathan (Jon) Willis
Vice President and Senior Economistcurriculum vitae
::
email :: 404-498-7608
To interview economists, press should contact Public Affairs at 470-249-8348.
curriculum vitae
::
email :: 404-498-7608
curriculum vitae
::
email :: 404-498-7608
Jon Willis is a vice president and senior economist in the Research Department at the Federal Reserve Bank of Atlanta. He leads the policy and survey teams and serves as a monetary policy adviser.
Willis's research focuses on labor market dynamics over the business cycle and the relationship between the price-setting behavior of firms and inflation dynamics. His work has been published in journals such as the American Economic Review, the Journal of Monetary Economics, and the International Economic Review.
Before he joined the Federal Reserve Bank of Atlanta in 2020, Willis served as vice president and senior research and policy advisor at the Federal Reserve Bank of Kansas City. He joined the Kansas City Fed in 2000. He also served as a visiting assistant professor at the University of Texas at Austin in 2004 and 2005.
Willis has a bachelor's degree in economics from Grinnell College and a doctoral degree in economics from Boston University.
Atlanta Fed Working Papers
2024
2024-3
Declining Responsiveness at the Establishment Level: Sources and Productivity Implications
Russell Cooper, John Haltiwanger, and Jonathan Willis
February 2024
2023
2023-3a
Real Rigidities, Firm Dynamics, and Monetary Nonneutrality: The Role of Demand Shocks
S. Borağan Aruoba, Eugene Oue, Felipe Saffie, and Jonathan L. Willis
April 2023 (Revised June 2024)
Kansas City Fed Working Papers 
2014
2014-10
New Exporter Dynamics
Kim J. Ruhl and Jonathan L. Willis
November
2010
2010-04
Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application
Russell Cooper, John Haltiwanger, and Jonathan L. Willis
January
2009
2009-02
Mind the (Approximation)
Gap: A Robustness Analysis
Russell Cooper and Jonathan L. Willis
January
2006
2006-14
Search Frictions: Matching Aggregate and Establishment Observations
Russell Cooper, John Haltiwanger, and Jonathan L. Willis
December (Revised June 2007)
2006-13
Sticky Information and Sticky Prices
Peter J. Klenow and Jonathan L. Willis
December; revised June 2007
2006-03
Real Rigidities and Nominal Price Changes
Peter J. Klenow and Jonathan L. Willis
March
2003
2003-12
Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications
Russell Cooper, John Haltiwanger, and Jonathan L. Willis
December
2003-05
The Economics of Labor Adjustment: Mind the Gap
Russell Cooper and Jonathan L. Willis
July
Federal Reserve Bank of Atlanta Articles
2024
Jonathan L. Willis and Tao Zha. "What Accounts for the Growing Divergence between Employment Measures?" Policy Hub (2024-6)
2023
John Robertson and Jon Willis. "Distinguishing Cyclical from Noncyclical Employment," Policy Hub: Macroblog. October 12, 2023.
Salome Baslandze, Camelia Minoiu, Veronika Penciakova, and Jonathan L. Willis. "Do Credit Supply Shocks Constrain Employment Growth of Small and Medium-Sized Enterprises?" Policy Hub (2023-5)
2022
John Robertson and Jon Willis. "Assessing Recent Labor Market Improvement," Policy Hub: Macroblog. March 1, 2022.
Federal Reserve Bank of Kansas City Economic Review Articles
2015
"Has the U.S. Economy Become Less Interest Rate Sensitive?" (with Guangye Cao). Second Quarter 2015.
2013
"The Vanishing Middle: Job Polarization and Workers' Response to the Decline in Middle-Skill Jobs" (with Didem Tuzemen). First Quarter 2013.
2011
"Employment Patterns During the Recovery: Who Are Getting the Jobs and Why?" (with Aysegul Sahin). Third Quarter 2011.
2010
"Coordination of Expectations in the Recent Crisis: Private Actions and Policy Responses" (with Russell Cooper). First Quarter 2010.
2007
"What Happened to the Gains From Strong Productivity Growth?" (with Julie Wroblewski). First Quarter 2007.
2004
"What Impact Will E-Commerce Have on the U.S. Economy?" Second Quarter 2004.
2003
"Implications of Structural Changes in the U.S. Economy for Pricing Behavior and Inflation Dynamics" First Quarter 2003.
Federal Reserve Bank of Kansas City Macro Bulletin Articles
2017
Stuck in Part-Time Employment
Jonathan L. Willis
January 18
2016
What is Behind the Recent Increase in Labor Force Participation?
Didem Tüzemen and Jonathan L. Willis
November 14
2015
Has the U.S. Economy Become Less Interest Rate Sensitive?
Jonathan L. Willis and Guangye Cao
November 14
Opportunity Knocks: Improved Matching of Jobs and Workers
Didem Tüzemen and Jonathan L. Willis
May 13
2014
Kansas City Fed's Labor Market Conditions Indicators (LMCI)
Craig S. Hakkio and Jonathan L. Willis
August 28
2013
Assessing Labor Market Conditions: The level of activity and the speed of improvement
Craig S. Hakkio and Jonathan L. Willis
July 18
Articles
2017
"New Exporter Dynamics" (with Kim J. Ruhl). International Economic Review, 2017, vol 58(3), pp. 703–727.
2016
"Real Rigidities and Nominal Price Changes" (with Peter Klenow), Economica, 2016, vol 83(331).
2015
"Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications" (with Russell Cooper and John Haltiwanger). Research in Economics, 2015, vol 69(1).
2009
"The Cost of Labor Adjustment: Inferences from the Gap" (with Russell Cooper). Review of Economic Dynamics, 2009, vol 12(4).
"A Comment on the Economics of Labor Adjustment: Mind the Gap: Evidence from a Monte Carlo Experiment: Reply" (with Russell Cooper). American Economic Review, 2009, vol 99(5).
2007
"Sticky Information and Sticky Prices" (with Peter Klenow). Journal of Monetary Economics, September 2007.
"Search Frictions: Matching Aggregate and Establishment Observations" (with Russell Cooper and John Haltiwanger) Journal of Monetary Economics, September 2007.
2006
"Magazine Prices Revisited" Journal of Applied Econometrics, April 2006.
2004
"A Comment on the Economics of Labor Adjustment: Mind the Gap" American Economic Review, September 2004.