Research Staff and Resources
Research and Statistics Staff | Program Direction
Karen Dynan
Assistant Director
Division of Research and Statistics
Contact Information
202-452-2553
karen.dynan@frb.gov
Fields of Interest
Consumption
Macroeconomics
Consumer Finance
Education
Ph.D., Economics, Harvard University, 1992
A.B., Applied Math/Economics, Brown University, 1985
Professional Experience
Board of Governors of the Federal Reserve System, 1992-present
Senior Economist, Council of Economic Advisers, 2003-2004
Visiting Assistant Professor, Johns Hopkins University, 1998
Selected Publications
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The Evolution of Household Income Volatility
(with Douglas W. Elmendorf and Daniel E. Sichel),
Finance and Economics Discussion Series 2007-61. Washington: Board of Governors of the Federal Reserve System, 2007.
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The Rise in U.S. Household Indebtedness: Causes and Consequences
(with Donald L. Kohn),
Finance and Economics Discussion Series 2007-37. Washington: Board of Governors of the Federal Reserve System, 2007.
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''Increasing Income Inequality, External Habits, and Self-Reported Happiness''
(with Enrichetta Ravina),
American Economic Review, vol. 97
(May 2007), pp. 226-31.
-
''Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity?''
(with Douglas W. Elmendorf and Daniel E. Sichel),
Journal of Monetary Economics, vol. 53
(January 2006), pp. 123-50.
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Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity?
(with Douglas W. Elmendorf and Daniel E. Sichel),
Finance and Economics Discussion Series 2005-54. Washington: Board of Governors of the Federal Reserve System, 2005.
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''Do the Rich Save More?''
(with Jonathan Skinner and Stephen P. Zeldes),
Journal of Political Economy, vol. 112
(April 2004), pp. 397-444.
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''Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets''
(with Christopher D. Carroll and Spencer D. Krane),
Review of Economics and Statistics, vol. 84
(August 2003), pp. 586-604.
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''Recent Changes to a Measure of U.S. Household Debt Service''
(with Kathleen Johnson and Karen Pence),
Federal Reserve Bulletin,
vol. 89 (October 2003), pp. 417-426.
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''Mortgage Refinancing in 2001 and Early 2002''
(with Glenn Canner and Wayne Passmore),
Federal Reserve Bulletin,
vol. 88 (December 2002), pp. 469-90.
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''The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer''
(with Jonathan Skinner and Stephen P. Zeldes),
American Economic Review, vol. 92
(May 2002), pp. 274-78.
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Do Provisional Estimates of Output Miss Economic Turning Points?
(with Douglas W. Elmendorf),
Finance and Economics Discussion Series 2001-52. Washington: Board of Governors of the Federal Reserve System, 2001.
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Does Stock Market Wealth Matter for Consumption?
(with Dean M. Maki),
Finance and Economics Discussion Series 2001-23. Washington: Board of Governors of the Federal Reserve System, 2001.
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''Habit Formation in Consumer Preferences: Evidence from Panel Data,''
American Economic Review, vol. 90
(June 2000), pp. 391-406.
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''The Underrepresentation of Women in Economics: A Study of Undergraduate Economics Students''
(with Cecilia Elena Rouse),
Journal of Economic Education, vol. 28
(Fall 1997), pp. 350-68.
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''How Prudent Are Consumers?''
Journal of Political Economy, vol. 101
(December 1993), pp. 1104-13.
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