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Brendan Epstein

Brendan Epstein
Professor Brendan EpsteinAssistant Professor

Research Interests

Macroeconomics, Labor Economics, and International Finance and Trade.

Professor Epstein's recent research focuses on understanding the link between worker-side heterogeneity and the dynamic adjustment process of vacancies and unemployment in response to changes in productivity; the role of on-the-job utility in shaping the long-run behavior of work hours; the labor wedge; the implications of tax policy for open economy puzzles; the role of financial frictions in shaping closed- and open-economy macroeconomic outcomes; and the interactions of international trade, offshoring, and labor markets.

Education

  • Ph D: Economics, (2011), University of Michigan - Ann Arbor
  • MA: Economics, (2007), University of Michigan - Ann Arbor
  • BA: Economics and Music, (2003), Columbia University - New York

Biography

Brendan Epstein is an Assistant Professor of Economics. Previously, Professor Epstein was a Senior Economist at the Board of Governors of the Federal Reserve System in Washington, DC. During his tenure at the Federal Reserve, Professor Epstein was also an Adjunct Professor of Economics at Johns Hopkins University and at the University of Maryland.

Awards and Honors

  • Teaching Award (2017) - Department of Economics, University of Maryland
  • Outstanding Graduate Student Instructor Award (2010) -  University of Michigan, Ann Arbor, MI
  • Top Economics Graduate Student Instructor’s Congratulatory Mention (2009) -  University of Michigan,  Ann Arbor, MI

Publications

  • Epstein, B., Shapiro, A.F. (2017) "Employment and Firm Heterogeneity,  Capital  Allocation,  and  Countercyclical  Labor  Market  Policies,"   Journal  of  Development  Economics 127 pp. 25-41
  • Epstein, B., Shapiro, A.F., Gómez, A.G. (2017) "Financial  Disruptions and the Cyclical Upgrading of Labor,"  Review of Economic  Dynamics 26: pp. 204-224
  • Arseneau, D.M., Epstein, B. (2017) "Offshoring,  Mismatch,  and  Labor  Market  Outcomes," Globalization: Strategies and Effects (Springer)
  • Epstein, B., Mukherjee, R., Ramnath, S.P. (2016) "Taxes and International Risk  Sharing,"  Journal of International Economics 102:3 pp. 310-326

Presentations

  • - Babson  College  (Economics  Department), 2017
  • - University  of  Massachusetts,  Lowell  (Economics  Department), 2017
  • - Williams  College  (Economics  Department), 2017
  • -   University  of  San  Diego  (Economics  Department), 2017
  • -   Villanova  University  (Economics  Department), 2017
  • -  Macalester  College  (Economics Department), 2017
  • - Georgetown University (Economics Department), 2016
  • - Eastern  Economics  Association  Annual  Meeting  (New  York), 2015
  • - Federal  Reserve  Bank  of  Philadelphia, 2015
  • - George  Washington  University  (Economics  Department), 2015
  • - Midwest  Macroeconomics Association Meeting hosted by Washington University  (St. Louis, MO), 2015
  • - Southern Economics Association  Annual  Meeting  (New  Orleans,  LA), 2015
  • - INVECO,  Department of Economics, National University of Tucuman (San Miguel de Tucuman, Argentina), 2014
  • -   Federal  Reserve  Bank  of  Richmond  /  Kiel  Institute  “The  Labor Market  after  the  Great  Recession” Conference (Richmond, VA), 2014
  • - Midwest  Economics  Association  Annual  Meeting  (Columbus,  OH), 2013
  • -  Canadian Economics Association Annual Meeting  hosted by HEC Montreal (Quebec, Canada), 2013
  • -  Eastern Economics Association Annual Meeting  (New York, NY), 2013
  • -  Federal Reserve Bank of Atlanta (Atlanta, GA), 2013
  • -  INVECO, Department  of  Economics,  National  University  of  Tucuman  (San  Miguel  de  Tucuman,  Argentina), 2013
  • - Bureau  of  Labor  Statistics  (Washington,  D.C.), 2012
  • - INVECO, Department of Economics, National University of Tucuman  (San Miguel de Tucuman,  Argentina), 2012
  • - Midwest Macroeconomics Association Meeting hosted by the University of  Colorado  (Boulder,  CO), 2012
  • - Southern  Economics  Association  Annual  Meeting  (New  Orleans, LA), 2012
  • -   Federal  Reserve  Bank  of  Richmond  /  Kiel  Institute  “New Developments  in  the  Macroeconomics  of  Labor  Markets”  conference  (Richmond,  VA), 2012
  • -  Canadian Economics Association Annual Meeting hosted by the University of  Calgary (Alberta, Canada), 2012
  • -  Midwest Macroeconomics Association Meeting hosted by the  University  of  Notre  Dame  (Notre  Dame,  IN), 2012
  • - Board of Governors of the Federal Reserve System, 2011
  • - Brown  University  (Economics  Department), 2011
  • - College of the Holy Cross (Economics Department), 2011
  • - McMaster  University  (Economics  Department), 2011
  • - Southern Methodist University (Economics Department), 2011
  • - Tufts University (Economics Department), 2011
  • - University of Waterloo (Economics Department), 2011
  • - University of Richmond (Economics Department), 2011

Contracts, Fellowships, Grants and Sponsored Research

  • Rackham Merit Fellowship (2009), Fellowship - University of Michigan, Ann Arbor,MI
    Epstein, B.
  • I.L. Sharfman Economics Fellowship (2005), Fellowship - University of Michigan, Ann Arbor, MI
    Epstein, B.

Research Currently in Progress

  • Financial Development, Unemployment Volatility, and Sectoral Dynamics
    Epstein, B., Finkelstein Shapiro, A. (Tufts University)
  • Global Financial Risk, Domestic Financial Access, and Unemployment Dynamics
    Epstein, B., Finkelstein Shapiro, A. (Tufts University), Gonzalez Gomez, A. (International Monetary Fund)
  • Heterogeneous Workers, Optimal Job Seeking, and Aggregate Labor Market Dynamics
    Epstein, B.
  • Long-Term Changes in Labor Supply and Taxes in the OECD Revisited
    Epstein, B., Finkelstein Shapiro, A. (Tufts University), Mukherjee, R. (IHEID, Geneva), Ramnath, S. (U.S. Treasury Department)
  • Offshoring and Job Dislocation
    Epstein, B., Arseneau, D. (Board of Governors of the Federal Reserve System)
  • On-the-Job Search and Mismatch in a Model of Offshoring
    Epstein, B., Arseneau, D. (Board of Governors of the Federal Reserve System)
  • Optimal Matching and the Beveridge Curve
    Epstein, B., Arseneau, D. (Board of Governors of the Federal Reserve System)
  • Propagation and Aggregate Vacancies: An Industry Decomposition
    Epstein, B., McConnigal, C. (Ohio State University), Orak, M. (Board of Governors of the Federal Reserve System), Ratner, D. (Board of Governors of the Federal Reserve System)
  • Taxation, Match Quality, and Social Welfare
    Epstein, B., Nunn, R. (Brookings Institute)
  • The Decline of Drudgery and the Paradox of Hard Work
    Epstein, B., Kimball, M. (University of Colorado, Boulder)
  • The Elasticity of Taxable Income and Welfare: Neoclassical vs. Search Theory
    Epstein, B., McGonnigal, C. (Ohio State University), Nunn, R. (Brookings Institute), Orak, M. (Board of Governors of the Federal Reserve System)
  • The Welfare Costs of Skill-Mismatch Employment
    Epstein, B., Arseneau, D. (Board of Governors of the Federal Reserve System)