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
Associate
Professor,
Research Associate, National Bureau of Economic
Research (NBER).
Faculty Associate, Survey
Research Center (SRC), Institute for Social Research (ISR).
Prior Appointments
Assistant Professor,
Ph.D.
M.A. Northeastern University, 1994.
B.S.
Publications
“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
“Austerity
in the Aftermath of the Great Recession,” (with C. Proebsting
and L. Tesar), NBER Working Paper No. 23147. Under
submission, 2017.
“Optimal
Taylor Rules in New Keynesian Models,” (with C. Boehm). NBER
working paper No. 20237, 2014. Under submission, 2017.
“Stimulus Effects of
Investment Tax Incentives: Purchases versus Production,” (with A-M Mocanu and M. D. Shapiro). NBER Working Paper No. 23391. Under submission, 2017.
“Monetary
Policy and Durable Goods.” (with Robert Barsky, Christoph Boehm and Miles Kimball). In preparation for submission, 2017.
“Layoffs,
Lemons and Temps.” (with Jing Zhang) NBER working paper No. W17962, Under submission, 2017.
“A Quantitative Model of
Unconventional Monetary Policy and Toxic Assets,” (with Rudi Bachmann), In preparation for submission, 2017.
“Planned
Investment and Fixed-Cost Models.” (with Ana-Maria Mocanu). In preparation for submission,
2017.
“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.
“Investment Productivity
Shocks: Evidence and Implications.” (with A-M. Mocanu) 2014.
“Capital Taxation and the
Day of Reckoning.” (with Matthew Shapiro) 2014.
“A
Contestable Market Theory of the Funds Rate.” (with
Emre Ozdenoren) 2008.
“The Demand
for Near Money Assets and Financial Fragility.” 2014.
“Internal Rates of Return
and Business Cycle Dynamics.” 2008.
“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.
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), David Cashin (FRB), Guodeng Chen (NYU Shanghai), Sophia Chen (IMF), Angus Chu
(Academia Sineca), Olivier Coibion
(College of William and Mary), Sreyoshi Das, Gabriel
Ehrlich (CBO), Nikolay Iskrev (Central Bank of
Portugal), Dong Ik Kang, Gretchen Lay (Mt. Holyoke), DongIk Kang, Edward Knotek
(Federal Reserve Bank of Kansas City), 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, Ihsan Saracgil
(Cornerstone), William Segal, Ajay Shenoy (University
of California, Santa Cruz).
Theories and Methods in Macroeconomics (T2M) May
1999.
Invited Seminars
American Economic Review (Excellence
in Refereeing Award, 2007-2008, 2010-2011), Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Review of
Economic Studies, Journal of Monetary Economics, International Economic Review,
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, Economic Theory, B.E. Journal of Macroeconomics, Review
of Economic Dynamics, Journal of Economic Dynamics and Control, Journal of
Macroeconomics, Macroeconomic Dynamics and the National Science Foundation (NSF).