Christopher L. House
Department
of Economics, 238 Lorch Hall, University of Michigan, Ann Arbor MI 48109
Tel: (734) 764-2364 Fax:
(734) 764-2769 Email: chouse@umich.edu
Academic Appointments
Professor,
University of Michigan, Department of Economics, 2018 - present
Research Associate, National Bureau of Economic
Research (NBER).
Faculty Associate, Survey Research Center (SRC),
Institute for Social Research (ISR).
Prior Appointments
Associate Professor, University of Michigan,
Department of Economics, 2008 - 2018
Assistant Professor, University of Michigan,
Department of Economics, 2001 - 2008
Ph.D.
M.A. Northeastern University, 1994.
B.S.
Publications
Regional Effects of Exchange Rate Fluctuations with
Christian Proebsting and Linda L. Tesar.
Journal of Money, Credit and Banking,
December 2020.
Optimal Taylor Rules when Targets are Uncertain, with
Christoph E. Boehm. European Economic
Review, October 2019.
Austerity in the Aftermath of the Great Recession, with
Christian Proebsting and Linda L. Tesar.
Journal of Monetary Economics, June
2019.
Allocative Wages and Remitted Wages: Challenges for New Keynesian
Models, with Susanto Basu. Handbook of Macroeconomics Vol 2, John
B. Taylor and Harald Uhlig eds. 2016.
Greek Budget
Realities: No Easy Options, with Linda L. Tesar,
Brookings Papers on Economic Activity,
Vol 2, 2015.
Managing
Markets for Toxic Assets, with Yusufcan Masatlioglu. Journal
of Monetary Economics, Vol. 70, pp. 84-99, March 2015.
Fixed Costs
and Long-Lived Investments. Journal of Monetary Economics, Vol. 68,
pp. 86-100, November 2014.
Temporary Investment Tax Incentives: Theory
with Evidence from Bonus Depreciation, with Matthew D. Shapiro. American Economic Review, 93(3), pp. 437-768, June 2008.
Durable Goods and Conformity, with Emre Ozdenoren.
RAND Journal of Economics, 39(2), pp.
452-468, Summer 2008.
Valuing Lost Home Production of
Dual Earner Couples, with John Laitner and
Dmitriy Stolyarov. International Economic Review, 49(2), pp. 701-736, May 2008.
Sticky-Price Models
and Durable Goods, with Robert Barsky and Miles Kimball. American Economic Review, 97(3), pp. 984-998, June
2007.
Phased-In Tax
Cuts and Economic Activity, with Matthew Shapiro. American Economic Review, 96(5), pp. 1835-1849, December 2006.
Adverse
Selection and the Financial Accelerator, Journal of Monetary Economics, 53(6), pp. 1117-1134, September
2006.
An sS Model with Adverse Selection, with
John Leahy. Journal of Political Economy,
112(3), pp. 581-614, June 2004.
Other Publications
Comment on Budget
Deficits, National Saving, and Interest Rates by W. G. and P. Orszag, Brookings Papers on Economic Activity,
Vol 2, 2004.
Comment on By How Much Does GDP Rise if the
Government Buys More Output? by R. E. Hall, Brookings Papers on Economic Activity, Vol 2, 2009.
Working Papers
Quantifying the Benefits of
Labor Mobility in a Currency Union, (with C. Proebsting
and L. Tesar), NBER Working Paper No. 25347, 2018.
Revised and Resubmitted to the Review of Economic Studies, 2022.
Stimulus Effects of
Investment Tax Incentives: Purchases versus Production, (with A-M Mocanu and M. D. Shapiro). NBER Working Paper No. 23391,
2017. Being revised for resubmission to the Journal of Political Economy:
Macroeconomics, 2022.
Regional Effects of
Exchange Rate Fluctuations. (with C. Proebsting and L. Tesar), NBER
Working Paper No. 26071, 2020.
Austerity in the Aftermath
of the Great Recession, (with C. Proebsting and L. Tesar), NBER Working Paper No. 23147.
Optimal Taylor Rules in New
Keynesian Models, (with C. Boehm). NBER working paper No. 20237, 2014.
Layoffs, Lemons and Temps.
(with Jing Zhang) NBER working paper No. W17962. In preparation for submission,
2019.
Home Production by
Dual-Earner Couples and Consumption During Retirement. (with John Laitner and
Dmitriy Stolyarov). MRRC working paper
2006-143, November 2006.
Do Flexible Durable Goods
Prices Undermine Sticky Price Models? with Robert Barsky and Miles Kimball.
NBER working paper No. 9832, 2003.
Work in Progress
Monetary Policy and Durable
Goods. (with Robert Barsky, Christoph Boehm and Miles
Kimball). In preparation for submission, 2022.
Moving to Opportunity at
Home and Abroad. (with A. Foschi,
C. Proebsting and L. Tesar),
in progress, 2022.
A Quantitative Model of
Unconventional Monetary Policy and Toxic Assets, (with Rudi Bachmann). In
preparation for submission, 2018.
Regional Effects of
Exchange Rate Fluctuations: Europe versus the U.S. (with A. Foschi, C. Proebsting and L. Tesar), 2020.
The Day of Reckoning:
Incentive Effects of Long-Run Budget Realities. (with
M. D. Shapiro) 2020.
Investment Productivity
Shocks: Evidence and Implications. (with A-M. Mocanu) 2014.
Planned Investment and
Fixed-Cost Models. (with Ana-Maria Mocanu). 2018.
The Demand for Near Money
Assets and Financial Fragility. 2014.
Propagation in a Working
Capital Model. 2007.
Time on the Market and
Conformity for Durable Goods. (with Emre Ozdenoren) 2007
Optimal Monetary Policy
When Investments Can Be Timed. 2005.
Monetary Policy and Credit
Market Failure. Unpublished manuscript, 2000.
Government Spending Shocks
and the International Consumption Correlation Puzzle, (with Jonathan Willis).
Unpublished manuscript, 1999.
American Economic Association.
National Bureau of Economic Research.
Econometric Society
Society for Economic Dynamics.
MITRE No. G016653, Research in Preparation for Chapter in
the Handbook of Macroeconomics, 2015-2025.
MITRE No. G019021, A Quantitative Model of Europe:
Estimation and Policy Analysis, (with Linda Tesar
(Co-PI)), 2016-2026.
NSF No. SES-0962219, Investment: Theory, Estimates, and
Public Policy. (PI, with M. D. Shapiro (Co-PI)), 2009-2011.
HHS/NIH/NIA 1-R01-AG030841-01, A Life-Cycle Analysis of
Health, Family Structure, Wealth, and Retirement. (Co-PI, with J. Laitner (PI), D. Silverman (Co-PI) and D. Stolyarov (Co-PI)), 2007 2010.
SSA 10-P-98362-5-04, Trends in the Labor Force
Participation of Married Women. (Co-PI, with J. Laitner
(PI) and D. Stolyarov (Co-PI)), 2006 2007.
SSA 10-P-98362-5-03, Home Production by Dual Earner
Couples and Consumption During Retirement. (Co-PI, with J. Laitner
(PI) and D. Stolyarov (Co-PI)), 2005 2006.
SSA 10-P-98362-5-01, Life-Cycle Saving
in Dual-Earner Households. (Co-PI, with J. Laitner
(PI) and D. Stolyarov (Co-PI)), 2003 2004.
Alberto Arredondo, Aneeqa
Aqeel (Lake Forest College), Christoph Boehm (University of Texas, Austin), Guangye Cao, David Cashin (FRB), Anastasiia
Chaikina, Guodeng Chen (NYU
Shanghai), Sophia Chen (IMF), Angus Chu (Academia Sineca),
Olivier Coibion (College of William and Mary), Sreyoshi Das, Koustav De
(University of Kentucky), Gabriel Ehrlich (CBO), Nikolay Iskrev
(Central Bank of Portugal), DongIk Kang (KIPF),
Edward Knotek (Federal Reserve Bank of Kansas City),
Gretchen Lay (Mt Holyoke), Hangyu Lee, Ben Meiselman,
Ana-Maria Mocanu (Amazon, Inc.), Joshua Montes
(Mercer), Daniel Murphy (University of Virgina), Phacharaphot Nuntramas (San Diego
State University), Eric Ohrn (Grinnell College),
Christian Proebsting (Ecole Polytechnique Federale de Lausanne, EPFL), Rafael Portillo (IMF), Richard
Ryan (Cal State Bakersfield), Ihsan Saracgil
(Cornerstone), William Segal, Ajay Shenoy (University of California, Santa
Cruz), Matthew Wilson (CBO), Anirudh Yadav.
Theories and Methods in Macroeconomics (T2M) May 1999.
Invited Seminars
American Economic Review
(Excellence in Refereeing Award, 2007-2008, 2010-2011, 2017-2018), Journal of
Political Economy, Econometrica, Quarterly Journal of Economics, Review of
Economic Studies, Journal of Monetary Economics, International Economic Review,
American Economic Journal: Macroeconomics, American Economic Journal: Policy,
RAND Journal of Economics, Review of Economics and Statistics, Journal of
Public Economics, Journal of Money Credit and Banking, Journal of the European
Economic Association, IMF Economic Review, Economic Theory, B.E. Journal of
Macroeconomics, Review of Economic Dynamics, Journal of Economic Dynamics and
Control, Journal of Macroeconomics, Metronomica,
Macroeconomic Dynamics and the National Science Foundation (NSF).