Jonathan L. Willis

Jon Willis is Vice President and Senior Research and Policy Advisor at the Federal Reserve Bank of Kansas City. He joined the Economic Research Department in September 2000. A native of Iowa, Willis received a B.A. degree in economics from Grinnell College in 1993 and a Ph.D. degree in economics from Boston University in 2001. Willis conducts research on labor market dynamics over the business cycle and the relationship between the price-setting behavior of firms and inflation dynamics. In addition to working at the Bank, he has served as a visiting assistant professor at the University of Texas at Austin.

Curriculum Vitae

Professional Journals and Books

• "New Exporter Dynamics"
  with Kim J. Ruhl, International Economic Review, 2017, vol 58(3), pp. 703-727.
• "Real Rigidities and Nominal Price Changes"
  with Peter Klenow, Economica, 2016, vol 83(331).
• "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).
• 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).
• "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.
• "Magazine Prices Revisited"
  Journal of Applied Econometrics, April 2006.
• "A Comment on the Economics of Labor Adjustment: Mind the Gap"
  American Economic Review, September 2004.

Economic Review Articles

• "Has the U.S. Economy Become Less Interest Rate Sensitive?"
  with Guangye Cao, Second Quarter 2015
• "The Vanishing Middle: Job Polarization and Workers' Response to the Decline in Middle-Skill Jobs"
  with Didem Tuzemen, First Quarter 2013
• "Employment Patterns During the Recovery: Who Are Getting the Jobs and Why?"
  with Aysegul Sahin, Third Quarter 2011
• "Coordination of Expectations in the Recent Crisis: Private Actions and Policy Responses"
  with Russell Cooper, First Quarter 2010
• "What Happened to the Gains From Strong Productivity Growth?"
  with Julie Wroblewski, First Quarter 2007
• "What Impact Will E-Commerce Have on the U.S. Economy?"
  Second Quarter 2004
• "Implications of Structural Changes in the U.S. Economy for Pricing Behavior and Inflation Dynamics"
  First Quarter 2003

The Macro Bulletin

• "Stuck in Part-Time Employment"
• "What is Behind the Recent Increase in Labor Force Participation?"
  with Didem Tuzemen
• "Has the U.S. Economy Become Less Interest Rate Sensitive?"
  with Guangye Cao 
• "Opportunity Knocks: Improved Matching of Jobs and Workers"
  with Didem Tuzemen
• "Kansas City Fed's Labor Market Conditions Indicators (LMCI)"
  with Craig S. Hakkio
• "Assessing Labor Market Conditions: The level of activity and the speed of improvement"
  with Craig S. Hakkio

Research Working Papers

• "New Exporter Dynamics"
  with Kim J. Ruhl, RWP 14-10
• "Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application"
  with Russell Cooper and John Haltiwanger, RWP 10-04
• "Mind the (Approximation) Gap: A Robustness Analysis"
  with Russell Cooper, RWP 09-02
• "Search Frictions: Matching Aggregate and Establishment Observations"
  with Russell Cooper and John Haltiwanger, RWP 06-14
• "Sticky Information and Sticky Prices"
  with Peter J. Klenow, RWP 06-13
• "Real Rigidities and Nominal Price Changes"
  with Peter J. Klenow, RWP 06-03
• "Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications"
  with Russell Cooper and John Haltiwanger, RWP 03-12
• "The Economics of Labor Adjustment: Mind the Gap"
  with Russell Cooper, RWP 03-05
• "The Cost of Labor Adjustment: Inferences from the Gap"
  RWP 02-11
• "Magazine Prices Revisited"
  RWP 01-15
• "The Economics of Labor Adjustment: Mind the Gap"
  RWP 01-06
• "Estimation of Adjustment Costs in a Model of State-Dependent Pricing"
  RWP 00-07

Work in Progress

• "General Equilibrium of a Monetary Model with State-Dependent Pricing"