Jonathan L. Willis
Vice President and Senior Economist
About
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.
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Biography
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.
Published Work
Federal Reserve work covering the latest six years.
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Federal Reserve work older than six years.
Publications
2017
Jonathan L. Willis. "Stuck in Part-Time Employment." Macro Bulletin. Federal Reserve Bank of Kansas City. January 18
2016
Didem Tüzemen and Jonathan L. Willis<.>What is Behind the Recent Increase in Labor Force Participation?." Macro Bulletin. Federal Reserve Bank of Kansas City. November 14.
2015
Jonathan L. Willis and Guangye Cao. "Has the U.S. Economy Become Less Interest Rate Sensitive?" Macro Bulletin. Federal Reserve Bank of Kansas City. November 14.
Didem Tüzemen and Jonathan L. Willis. "Opportunity Knocks: Improved Matching of Jobs and Workers." Macro Bulletin. Federal Reserve Bank of Kansas City. May 13.
"Has the U.S. Economy Become Less Interest Rate Sensitive?" (with Guangye Cao). Economic Review. Federal Reserve Bank of Kansas City. Second Quarter 2015.
2014
Kim J. Ruhl and Jonathan L. Willis. "New Exporter Dynamics." Working Paper 2014-10. Federal Reserve Bank of Kansas City. November.
Craig S. Hakkio and Jonathan L. Willis. "Kansas City Fed's Labor Market Conditions Indicators (LMCI)." Macro Bulletin. Federal Reserve Bank of Kansas City. August 28.
2013
Craig S. Hakkio and Jonathan L. Willis. "Assessing Labor Market Conditions: The level of activity and the speed of improvement." Macro Bulletin. Federal Reserve Bank of Kansas City. July 18.
"The Vanishing Middle: Job Polarization and Workers' Response to the Decline in Middle-Skill Jobs" (with Didem Tuzemen). Economic Review. Federal Reserve Bank of Kansas City. First Quarter 2013.
2011
"Employment Patterns During the Recovery: Who Are Getting the Jobs and Why?" (with Aysegul Sahin). Economic Review. Federal Reserve Bank of Kansas City. Third Quarter 2011.
2010
"Coordination of Expectations in the Recent Crisis: Private Actions and Policy Responses" (with Russell Cooper). Economic Review. Federal Reserve Bank of Kansas City. First Quarter 2010.
Russell Cooper, John Haltiwanger, and Jonathan L. Willis. "Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application." Working Paper 2010-04. Federal Reserve Bank of Kansas City. January.
2009
Russell Cooper and Jonathan L. Willis. "Mind the (Approximation) Gap: A Robustness Analysis." Working Paper 2009-02. Federal Reserve Bank of Kansas City. January.
2007
"What Happened to the Gains From Strong Productivity Growth?" (with Julie Wroblewski). Economic Review. Federal Reserve Bank of Kansas City. First Quarter 2007.
2006
Russell Cooper, John Haltiwanger, and Jonathan L. Willis. "Search Frictions: Matching Aggregate and Establishment Observations." Working Paper 2006-14. Federal Reserve Bank of Kansas City. December (Revised June 2007).
Peter J. Klenow and Jonathan L. Willis. "Sticky Information and Sticky Prices." Working Paper 2006-13. Federal Reserve Bank of Kansas City. December; revised June 2007.
Peter J. Klenow and Jonathan L. Willis. "Real Rigidities and Nominal Price Changes." Working Paper 2006-03. Federal Reserve Bank of Kansas City. March.
2004
"What Impact Will E-Commerce Have on the U.S. Economy?." Economic Review. Federal Reserve Bank of Kansas City. Second Quarter 2004.
2003
Russell Cooper, John Haltiwanger, and Jonathan L. Willis. "Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications." Working Paper 2003-12. Federal Reserve Bank of Kansas City. December.
Russell Cooper and Jonathan L. Willis. "The Economics of Labor Adjustment: Mind the Gap." Working Paper 2003-05. Federal Reserve Bank of Kansas City. July.
"Implications of Structural Changes in the U.S. Economy for Pricing Behavior and Inflation Dynamics." Economic Review. Federal Reserve Bank of Kansas City. First Quarter 2003.
External work by Atlanta Fed staff.
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.