José Mustre-del-Río

Research and Policy Officer

Economic Research Kansas City

Jose.Mustre-del-Rio@kc.frb.org

Curriculum Vitae

José Mustre-del-Río is a Research and Policy Officer at the Federal Reserve Bank of Kansas City. He joined the Economic Research Department in August 2011. Prior to joining the department, José received B.S. degrees in economics and applied mathematics from Ohio State University, and M.A. and Ph.D. degrees in economics from the University of Rochester. José's main areas of research are in macroeconomics, labor economics and computational economics.

Professional Journals and Books

Economic Review Articles

Research Working Papers

Economic Bulletin

Selected Conference Presentation

Aging and Growth: Can Automation Outpace Falling Labor Supply, Reduced Dynamism, and Fewer In- novations? (with Andrew Glover), in: Stéphane Carcillo & Stefano Scarpetta (eds.), Handbook on Labour Markets in Transition, Chapter 9, 2024, Edward Elgar Publishing. External Linkhttps://doi.org/10.4337/9781839106958.00015
“The Effects of Macroeconomic Shocks: Household Financial Distress Matters” with Juan M. Sanchez, Ryan Mather, and Kartik Athreya, Review of Financial Studies,
External Linkhttps://doi.org/10.1093/rfs/hhae058
"Search with Wage Posting under Sticky Prices" with Andrew Foerster, Journal of Money, Credit, and Banking, External Linkhttps://doi.org/10.1111/jmcb.12824
External LinkThe Persistence of Financial Distress
The Review of Financial Studies, Volume 32, Issue 10, October 2019, Pages 3851–3883, External Linkhttps://doi.org/10.1093/rfs/hhz009
External LinkJob Duration Over the Business Cycle
Journal of Money, Credit, and Banking, 51(6), 1691-1711, 2019
External LinkWealth and Labor Supply Heterogeneity
Review of Economic Dynamics, 18, 619-634, 2015

"Assessing Labor Market Conditions Across Regions" with Emily Pollard, 2025
Download File
"How Much Have Record Corporate Profits Contributed to Recent Inflation?" with Andrew Glover and Alice von Ende-Becker, 2023
Download File
"Lifetime Earnings Differences across Black and White Individuals: Years Worked Matter" with Andrew Glover and Emily Pollard, 2022
Download File
"What Happens When the Minimum Wage Rises? It Depends on Monetary Policy" with Andrew Glover, 2021
Download File
"What Explains Lifetime Earnings Differences across Individuals?" with Emily Pollard, 2019
Download File
"Dissecting Wage Dispersion" with San Cannon, 2017
Download File
"The Shadow Labor Supply and Its Implications for the Unemployment Rate" with Troy Davig, 2013

"Fleeting Forbearance in a World of Persistent Financial Distress" with Juan M. Sanchez and Kartik Athreya, 2026
Download File
"Should I Stay or Should I Go? Inter-state Mobility and Earnings Gains of Young College Graduates" with Andrew Glover, 2024
Download File
"The Effects of Macroeconomic Shocks: Household Financial Distress Matters" with Kartik Athreya, Ryan Mather and Juan M. Sanchez, 2020
Download File
"Consumption in the Great Recession: The Financial Distress Channel" with Kartik Athreya, Ryan Mather and Juan Sánchez, 2019
Download File
"The Persistence of Financial Distress" with Kartik Athreya and Juan M. Sanchez, 2017
Download File
"Search with Wage Posting under Sticky Prices" with Andrew T. Foerster, 2014
"Job Duration Over the Business Cycle", 2012
"Financial Frictions and Occupational Mobility", 2012
"The Aggregate Implications of Individual Labor Supply Heterogeneity", 2011

"An Alternative Version of the KC Fed LMCI Suggests the Level of Activity Was Little Changed but Momentum Decelerated Sharply in October" with Johnson Oliyide and Emily Pollard, 2025
Download File
"An Alternative Version of the KC Fed LMCI Suggests Little Change in the Labor Market in September" with Johnson Oliyide and Emily Pollard, 2025
Download File
"Is It Time to Add Food-at-Home Inflation to Measures of Core Inflation?" with Francisco Scott, Amaze Lusompa and Jalen Nichols, 2025
Download File
"Forecasting with Feelings: The Modest Link Between Consumer Sentiment and Spending" with Jalen Nichols, 2025
Download File
"KC Fed LMCI Can Help Sift Out Noise in Payroll Data" with Amaze Lusompa, 2025
Download File
"Corporate Profits Contributed a Lot to Inflation in 2021 but Little in 2022—A Pattern Seen in Past Economic Recoveries" with Andrew Glover and Jalen Nichols, 2023
Download File
"The KC Fed LMCI Momentum Indicator Suggests Monetary Policy Is Beginning to Weigh on Labor Markets" with Emily Pollard, 2023
Download File
"A Slowdown in Job Vacancies Is Likely to Coincide with Higher Unemployment and Slower Wage Growth" with Huixin Bi and Chaitri Gulati, 2022
Download File
"KC Fed LMCI Suggests Recent Inflation Is Not Due to the Tight Labor Market" with Andrew Glover and Emily Pollard, 2021
Download File
"KC Fed LMCI Implies the Labor Market Is Closer to a Full Recovery than the Unemployment Rate Alone Suggests" with Andrew Glover and Emily Pollard, 2021
Download File
"The Evolving Relationship between COVID-19 and Financial Distress" with Kartik Athreya, Juan M. Sanchez and Olivia Wilkinson, 2021
Download File
"As Manufacturing Weakens, Consumers Pull Back" with Emily Pollard, 2019
Download File
"Nominal Wage Rigidities and the Future Path of Wage Growth" with Emily Pollard, 2018
Download File
"Flowing into Employment: Implications for the Participation Rate" with William Xu and Michael Redmond, 2016
"Confident about Quitting: Job Leavers and Labor Market Optimism" with William Xu, 2015
"Following the Leaders: Wage Growth of Job Switchers", 2014
"The Wage Cycle and Shadow Labor Supply" with Troy Davig, 2014
"The Shadow Labor Supply and Its Implications for the Unemployment Rate" with Troy Davig, 2013

Mustre-del-Rio, Jose. 2015. “Solving Heterogeneous Agent Models with GPUs,” presentation at the Economic Research in High Performance Computing Environments Workshop, October 21, 2015, hosted by the Federal Reserve Bank of Kansas City's Center for the Advancement of Data and Research in Economics. External LinkCode Files

Jackson Hole Economic Policy Symposium