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,
Prior Appointments
Assistant
Professor,
Ph.D.
M.A. Northeastern University, 1994.
B.S.
Refereed Publications
“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 ‘By How Much Does GDP Rise if the Government Buys More Output?’ by R. E.
Hall,” Brookings Papers on Economic
Activity, Vol 2, 2009.
“Comment on ‘Budget
Deficits, National Saving, and Interest Rates’ by W. G. and P. Orszag,” Brookings
Papers on Economic Activity, Vol 2, 2004.
Working Papers
“Monetary
Policy and Durable Goods.” (with Robert Barsky, Christoph Boehm and Miles
Kimball) 2015.
“A
Quantitative Model of Unconventional Monetary Policy and Toxic Assets,” (with
Rudi Bachmann), 2014.
“Optimal
Taylor Rules in New Keynesian Models,” (with C. Boehm). NBER
working paper No. 20237, 2014.
“Managing
Markets for Toxic Assets.” (with Yusufcan
Masatlioglu). NBER working paper No. 16145.
“Layoffs,
Lemons and Temps.” (with Jing Zhang) NBER working paper No. W17962. Under revision for resubmission to the American Economic Journal: Macroeconomics,
2014.
“Fixed
Costs and Long-Lived Investments.” NBER working paper No. 14402.
“Planned Investment
and Fixed-Cost Models.” (with Ana-Maria Mocanu)
2014.
“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.
“Transmission
of the Great Recession in the Eurozone,” (with Christian Proebsting
and Linda Tesar), 2015.
“Stimulus
Effects of Investment Tax Incentives,” (with Ana-Maria Mocanu
and Matthew D. Shapiro) 2015.
“Challenges for Models of
Price and Wage Rigidity,” (with Susanto Basu) 2015. In preparation for the Handbook of Macroeconomics.
“Investment Productivity
Shocks: Evidence and Implications.” (with Ana-Maria 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.
Aneeqa Aqeel (Lake Forest College), Christoph
Boehm, David Cashin (FRB), Sophia Chen, Angus Chu
(Academia Sineca), Olivier Coibion
(College of William and Mary), Nikolay Iskrev
(Central Bank of Portugal), Edward Knotek (Federal
Reserve Bank of Kansas City), Hangyu Lee, Ana-Maria Mocanu, Joshua Montes (Mercer), Daniel Murphy (University
of Virgina), Phacharaphot Nuntramas (San Diego State University), Eric Ohrn (Grinnell
College), Christian Proebsting, Rafael Portillo (IMF),
Ihsan Saracgil (Cornerstone), Isaac Sorkin, 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).
Phone:
(212) 992-9770, email: jleahy@nyu.edu
Russell
Cooper, Pennsylvania State
University, Department of Economics
Phone:
(814) 863-2158, email: rwc165@psu.edu
Simon
Gilchrist,
Phone:
(617) 353-6824, email: sgilchri@bu.edu
Stephen
Parente,
Phone:
(217) 244-3625, email: parente@uiuc.edu
Matthew D. Shapiro,
Phone: (734) 764-5419, email: shapiro@umich.edu