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Michael T. Owyang Research Officer

Vitae

• Standard - PDF ( 26K )

Areas of Interest

• Time Series Econometrics
• Bayesian Econometrics
• Markov Switching

Events

Applied Econometrics and Forecasting in Macroeconomics and Finance Workshops
November 6, 2009
April 3, 2009
October 31, 2008
March 20-21, 2008
August 16-17, 2007

Selected Publications in Refereed Journals

"Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach"
with Michelle T. Armesto, Rubén Hernández-Murillo, and Jeremy M. Piger
Journal of Money, Credit, and Banking, February 2009, 41(1), pp. 35-55.

"The Economic Performance of Cities: A Markov-Switching Approach"
with Jeremy M. Piger, Howard J. Wall, and Christopher H. Wheeler
Journal of Urban Economics, November 2008, 64(3), pp. 538-50.

"Business Cycle Phases in U.S. States"
with Jeremy M. Piger and Howard J. Wall
Review of Economics and Statistics, November 2005, 87(4), pp. 604-16.

"Monetary Policy in a Markov-Switching VECM: Implications for the Cost of Disinflation and the Price Puzzle"
with Neville Francis, University of North Carolina
Journal of Business and Economic Statistics, July 2005, 23(3), pp. 305-13.

"Regime Switching and Monetary Policy Measurement"
with Garey Ramey, University of California, San Diego
Journal of Monetary Economics, November 2004, 51(8), pp. 1577-98.

More Publications in Refereed Journals

Working Papers

"The Local Effects of Monetary Policy" - September 2009
with Neville Francis and Tatevik Sekhposyan
Federal Reserve Bank of St. Louis Working Paper 2009-048A
Abstract | Full Text (PDF 316K)

"The Propagation of Regional Recessions" - April 2009
with James D. Hamilton
Federal Reserve Bank of St. Louis Working Paper 2009-013A
Abstract | Full Text (PDF 596K)

"Who Benefits from Increased Government Spending? A State-Level Analysis" - March 2009
with Sarah Zubairy
Federal Reserve Bank of St. Louis Working Paper 2009-006A
Abstract | Full Text (PDF 587K)

"Multivariate Forecast Evaluation and Rationality Testing" - October 2007, Revised September 2008
with Ivana Komunjer
Federal Reserve Bank of St. Louis Working Paper 2007-047B
Abstract | Full Text (PDF 1.2M)

"A Flexible, Finite-Horizon Identification of Technology Shocks" - April 2005, Revised July 2008
with Neville Francis, University of North Carolina, and Jennifer Roush, Federal Reserve Board of Governors
Federal Reserve Bank of St. Louis Working Paper 2005-024E
Abstract | Full Text (PDF 375K)

More Working Papers

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Current Research Projects

"Do Oil Shocks Drive Business Cycles?"
with Kristie M. Engemann and Kevin Kliesen

"A Mixed Frequency Approach to Monetary Shocks"
with Neville Francis and Eric Ghysels

Federal Reserve Bank of St. Louis Review

"A Primer on the Empirical Identification of Government Spending Shocks"
with Kristie M. Engemann and Sarah Zubairy
Federal Reserve Bank of St. Louis Review, March/April 2008, 90(2), pp. 117-32.

"Changing Trends in the Labor Force: A Survey"
with Riccardo DiCecio, Kristie M. Engemann, and Christopher H. Wheeler
Federal Reserve Bank of St. Louis Review, January/February 2008, 90(1), pp. 47-62.

More Federal Reserve Bank of St. Louis Review

Other Federal Reserve Bank of St. Louis Publications

"A Winning Combination? Economic Theory Meets Sports"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis The Regional Economist, January 2009, pp. 10-13.

"Regional Aggregation in Forecasting: An Application to the Federal Reserve's Eighth District"
with Kristie M. Engemann and Rubén Hernández-Murillo
Federal Reserve Bank of St. Louis Regional Economic Development, October 2008, 4(1), pp. 15-29.

"Extra Credit: The Rise of Short-term Liabilities"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis The Regional Economist, April 2008, pp. 12-13.

More Federal Reserve Bank of St. Louis Publications

Recent Commentary

"What Are the Chances?"
with Kristie M. Engemann
Federal Reserve Bank of St. Louis National Economic Trends, November 2007.

Past Commentary

Education

Degree	Institution	Major	Date
Ph.D.	University of California San Diego	Economics	2000
M.A.	University of California San Diego	Economics	1996
B.A.	University of California Berkeley	Economics	1992
B.S.	University of California Berkeley	Mechanical Engineering	1992