Matthew D. Shapiro Lawrence R. Klein Collegiate Professor of Economics Department of Economics University of Michigan Ann Arbor MI 48109-1220 tel    734 764-5419 Fax  734 764-2769 shapiro @ umich.edu

Information

Contact Information |  Biographical Sketch | Curriculum vitae (PDF) | Photo | Office Hours |  Papers | Op-Ed | Data
Directions to Economics Department

Research on Economic Stimulus:  Tax Rebates and Bonus Depreciation

Courses

On leave, 2007-2008

 

Fall 2008:  FAQ about Econ 402

Links

Department of Economics, University of Michigan
My working papers are available through the National Bureau of Economic Research.
Survey Research Center
Michigan Census Research Data Center

Federal Economic Statistics Advisory Committee (FESAC), Statement on Data Sharing, December 14, 2007

Forthcoming and Recent Published Papers

"Imputing Risk Tolerance from Survey Responses" by Miles S. Kimball, Claudia Sahm, and Matthew D. Shapiro, Revised August 2007. Journal of the American Statistical Association, forthcoming.   PDF file
For information about using risk tolerance imputations, see risk preference data page.

"Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation" by Christopher L. House and Matthew D. Shapiro. American Economic Review 98:3 (June 2008) 737-768.   PDF file | Summary from NBER Digest.

"Monetary Policy When Potential Output Is Uncertain: Understanding the Growth Gamble of the 1990s," by Yuriy Gorodnichenko and Matthew D.  Shapiro.  Journal of Monetary Economics 54 (2007) 1132-1162. PDF file

"Why Do Computers Depreciate?"  by Michael J. Geske, Valerie A. Ramey, and Matthew D. Shapiro.  In Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches,  Ernst R. Berndt and Charles R. Hulten, Eds.  Chicago:  University of Chicago Press, 2007.   PDF file

"Phased-In Tax Cuts and Economic Activity" by Christopher L. House and Matthew D. Shapiro.   American Economic Review 96 (December 2006) 1835-1949. PDF file

Discussion of  "Federal Government Debt and Interest Rates" by Eric Engen and R. Glenn Hubbard,  NBER Macroeconomics Annual 19 (2004) 148-156.  PDF file

"Did The 2001 Tax Rebate Stimulate Spending? Evidence From Taxpayer Surveys"  by Matthew D. Shapiro and Joel Slemrod.  Tax Policy and the Economy, ed James Poterba.  Cambridge:  MIT Press, 2003.    Revised October 2002 PDF file

"Consumer Response to Tax Rebates" (Revised version, October 2002) by Matthew D. Shapiro and Joel Slemrod.  American Economic Review 93 (March 2003) 381-396  PDF file 
Executive Summary | Survey Instrument.  Working paper version with regression analysis  Working Paper

"Displaced Capital: A Study of Aerospace Plant Closings" by Valerie Ramey and Matthew Shapiro  Journal of Political Economy 109 (October 2001) 958-992.  PDF file 

"Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?" by Susanto Basu, John G. Fernald, and Matthew D. Shapiro, Prepared for the Carnegie-Rochester Conference on Public Policy, November 2000, Revised June 2001 PDF file  Carnegie-Rochester Conference Series on Public Policy 55 (2001) 117-165.

"Labor and the Sustainability of Output and Productivity Growth" (January 2001) by Rebecca M. Blank and Matthew D. Shapiro.  Prepared for the Russell-Sage Foundation/Century Foundation Sustainable Employment Conference.  PDF file

"High-Frequency Substitution and the Measurement of Price Indexes" by Robert Feenstra and Matthew Shapiro.  In Scanner Data and Price Indexes, eds. Robert Feenstra and Matthew Shapiro.  Chicago:  University of Chicago Press, 2003.   PDF file   

"Measuring the Value of Cataract Surgery," by Irving Shapiro, Matthew Shapiro, and David Wilcox.  In Medical Care Output and Productivity, David M. Cutler and Ernst R. Berndt, eds. Chicago: University of Chicago Press, 2001.  PDF file

"Quality Improvement in Health Care: A Framework for Price and Output Measurement," by Irving Shapiro, Matthew Shapiro, and David Wilcox,  American Economic Review Proceedings 89 (May 1999) 333-337.  PDF file. 

Book

Scanner Data and Price Indexes, eds. Robert Feenstra and Matthew Shapiro.  Chicago:  University of Chicago Press, 2003.

Working Papers

"Labor Supply:  Are Income and Substitution Effects Both :Large or Both Small?"  by Miles S. Kimball and Matthew D. Shapiro, revised July 2008.  PDF file.  "Technical Appendix:  General Relationship Among Local Labor Supply Elasticities"  PDF file

"Social Security, Wealth, and Retirement:  Theory and Implications"  by Miles S. Kimball and Matthew D. Shapiro, June 2003.  PDF file  This paper extends the framework of "Labor Supply:  Are Income and Substitution Effects Both :Large or Both Small?" to consider the retirement margin for labor supply and how wealth shocks (e.g., a change in the value of Social Security benefits) affect retirement age.

Lecture

"Survey Methods in Macroeconomics" Lawrence R. Klein Collegiate Professorship Inaugural Lecture, April 17, 2007.

Op-Ed

"Bush Stimulus May Have Only Modest Effect" by Christopher :L. House, Matthew D. Shapiro, and Joel Slemrod, Wall Street Journal Online (Jan. 10, 2008)

"Tax cuts aren't economic cure-alls" by Matthew D. Shapiro and Joel Slemrod, Detroit Free Press (Feb. 12, 2001)

"Economic Stimulant:  Sales Tax" by Matthew D. Shapiro, New York Times (Dec. 16, 1991)