Contact Information
202-452-3541
andrew.levin@frb.gov

Fields of Interest
Monetary Policy
Macroeconomics
Econometrics and Statistics

Education
Ph.D., Macroeconomics, Stanford University, 1989
B.A., Economics & Mathematics, Yale University, 1984

Professional Experience
Board of Governors of the Federal Reserve System, 1992-present
Co-Editor, International Journal of Central Banking, 2007-present
Committee Member, External Review of Research Activities, Bank of Canada, 2007-2007
Adjunct Professor of Economics, Columbia University, 2006-2006
External Consultant, Inflation Persistence Network, European Central Bank, 2002-2005
Adjunct Professor of Economics, Johns Hopkins University, 1998-2005
Adjunct Professor of Economics, Georgetown University, 1998-2002

Selected Publications

• ''Identifying Nominal and Real Rigidities in Aggregate Price-Setting Behavior'' (with Gunter Coenen and Kai Christoffel), Journal of Monetary Economics, vol. 54 (2007), pp. 2439-2466.
• ''Optimal Monetary Policy with Durable Consumption Goods'' (with C. Erceg), Journal of Monetary Economics, vol. 53 (2006), pp. 1341-1359.
• ''Monetary Policy under Uncertainty in Micro-Founded Macroeconometric Models'' (with A. Onatski, J. Williams, and N. Williams), in M. Gertler and K. Rogoff, eds., NBER Macroeconomics Annual 2005. Cambridge, MA: MIT Press, 2006.
• ''Sectoral and Aggregate Inflation Dynamics in the Euro Area'' (with F. Altissimo, L. Bilke, T. Mathae, and others), Journal of the European Economic Association, vol. 4 (2006), pp. 585-593.
• ''New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling'' (with I. Angeloni, L. Aucremanne, M. Ehrmann, and others), Journal of the European Economic Association, vol. 4 (2006), pp. 562-574.
• ''Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy'' (with G. Coenen and V. Wieland), European Economic Review, vol. 49 (2005), pp. 975-1004.
• ''Macroeconomic Stability and Poverty Reduction'' (with S. Smith), in J. Dean, J. Schaffner, and S. Smith, eds., Attacking Poverty in the Developing World. Monrovia, CA: World Vision Press, 2005.
• ''Comment: Parameter Misspecification with Optimal Targeting Rules and Endogenous Objectives,'' Journal of Monetary Economics, vol. 52 (2005), pp. 1016-1021.
• ''Recent Improvements in US Macroeconomic Stability: Good Policy, Good Practices, or Good Luck?'' (with S. Ahmed and B. Wilson), Review of Economics and Statistics, vol. 86 (2004), pp. 824-832.
• ''Robust Monetary Policy Rules with Competing Reference Models'' (with J. Williams), Journal of Monetary Economics, vol. 50 (2003), pp. 945-975.
• ''Patience, Persistence, and Welfare Costs of Incomplete Markets in Open Economies'' (with J. Kim and S. Kim), Journal of International Economics, vol. 61 (2003), pp. 385-396.
• ''Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty'' (with V. Wieland and J. Williams), American Economic Review, vol. 93 (2003), pp. 622-645.
• ''Imperfect Credibility and Inflation Persistence'' (with C. Erceg), Journal of Monetary Economics, vol. 50 (2003), pp. 915-944.
• ''Comment on: Monetary Policy Rules in the Open Economy,'' Journal of Monetary Economics, vol. 49 (2002), pp. 1017-23.
• ''Unit Roots in Panel Data: Asymptotic and Finite-Sample Properties'' (with C. Lin and C. Chu), Journal of Econometrics, vol. 108 (2002), pp. 1-24.
• ''Optimal Monetary Policy with Staggered Wage and Price Setting'' (with C. Erceg and D. Henderson), Journal of Monetary Economics, vol. 46 (2000), pp. 281-313.
• ''The Robustness of Simple Monetary Policy Rules under Model Uncertainty'' (with V. Wieland and J. Williams), in John B. Taylor, ed., Monetary Policy Rules. Chicago: University of Chicago, 1999.
• ''A Practitioner’s Guide to Robust Covariance Matrix Estimation Procedures'' (with W. Den Haan), in G.S. Maddala and C.J. Rao, ed., Handbook of Statistics. Amsterdam: Elsevier, 1997.
• ''The Evolution of Macro Models at the Federal Reserve Board'' (with F. Brayton, R. Tryon, and J. Williams), Carnegie-Rochester Conference Series on Public Policy, vol. 42 (1997), pp. 115-67.
• ''Complementarities between Exports and Human Capital in Economic Development: Evidence from the Semi-Industrialized Countries'' (with L. Raut), Economic Development and Cultural Change, vol. 46 (1997), pp. 155-74.