Bart Hobijn
Research
Department of Economics, Arizona State University
501 E. Orange St.
Tempe, AZ 85287-9801, USA
T +1-480-965-0215
B bhobijn@asu.edu
Í www.barthobijn.net
September 27, 2017
External webpages
Google
Scholar
Page with an overview of the citations to my research
IDEAS Page with a list of my publications, citations, and bibliographic information
Research Agenda
Overarching
Theme
As an applied macroeconomist I have worked on a wide range of topics. All these
topics fall under one overarching theme.
All my research projects bring more
detailed data to bear to help us understand the patterns in the aggregate
measures, like GDP per capita, inflation, and the unemployment rate, that
are the focus of most macroeconomic models.
In particular, my research agenda
covers three broad topics.
I. Labor
market
dynamics
How can we use existing data and construct new data to better understand the
dynamics of labor markets in the U.S. and around the world? How can these data be
applied to theoretical models of the labor market? This is important to understand
the cyclical behavior of the unemployment rate and wages, medium-run movements
in participation and the employment-to-population ratio, and workers’ life-time
career profiles.
II. Growth
and
technology
adoption
In countries with lower standards of living people tend to use older (outdated)
technologies. How far are countries behind the technological frontier? What part of
the differences in per capita GDP across countries do these technology adoption
lags account for? What is holding countries back? What is the cost to workers of
the introduction of new technologies and how do these costs slow down technology
adoption and economic development?
III. Price
setting and
inflation
How do the price-setting decisions of firms affect the inflation rate that we measure?
How is inflation influenced by monetary policy decisions and by external shocks to
firms’ cost structures? How can we improve our measures of inflation to better
capture the introduction of new and better products?
Bart Hobijn, Research, September 27, 2017, Page 1 of 7
Publications, related files, and press coverage
Below is a list of publications and working papers. The publications are categorized
in three groups: Academic publications, Federal Reserve publications, and Other
publications. For each of the items in these lists, related press coverage and
replication and presentation files are included when available. This is an interactive
list. All titles are linked and so are all press references and paper-related files.
Academic publications
2017
Bosler, Canyon et al. The Outlook for U.S. Labor-Quality Growth”. In: Hulten,
Charles and Valerie Ramey. Education, Skills, and Technical Change: Implications
for Future U.S. GDP Growth. University of Chicago Press.
Press coverage: Fox Business.
Daly, Mary C. and Bart Hobijn. Composition and Aggregate Real Wage Growth”.
In: American Economic Review (Papers and Proceedings) 107.5, pp. 349–52.
2016
Carrillo-Tudela, Carlos et al. The extent and cyclicality of career changes: Evidence
for the U.K”. In: European Economic Review 84.C, pp. 18–41.
2015
Elsby, Michael W.L., Bart Hobijn, and Ayşegül Şahin. On the importance of
the participation margin for labor market fluctuations”. In: Journal of Monetary
Economics 72.C, pp. 64–82.
Additional Materials: Replication files.
Hale, Galina and Bart Hobijn. Share of Imports and Commodities in Consumption
and Investment in the United States”. In: Uncovering Value Added in Trade: New
Approaches to Analyzing Global Value Chains. World Scientific Book Chapters.
World Scientific Publishing Co. Pte. Ltd. Chap. 6, pp. 101–112.
2014
Daly, Mary C. and Bart Hobijn. Downward Nominal Wage Rigidities Bend the
Phillips Curve”. In: Journal of Money, Credit and Banking 46.S2, pp. 51–93.
Additional files: Slides, Replication files.
Press coverage: Krugman blog (1), Krugman blog (2), BusinessWeek, Economist , STL Post-
Dispatch, Wall Street Journal, Bloomberg, Washington Post, MSN, BusinessWeek, FD (Dutch),
Economist, WSJ (blog), NY Times (blog).
2013
Elsby, Michael, Bart Hobijn, and Ayşegül Şahin. The Decline of the U.S. Labor
Share”. In: Brookings Papers on Economic Activity 44.2 (Fall), pp. 1–63.
Additional files: Slides, Replication files
Press coverage: Bloomberg, Slate , Business Insider, Economist, U.S. News, Economist, Bloomberg,
WSJ (opinion), Economist, Bloomberg.
Elsby, Michael W. L., Bart Hobijn, and Ayşegül Şahin. Unemployment Dynamics
in the OECD”. In: The Review of Economics and Statistics 95.2, pp. 530–548.
Hobijn, Bart and Ayşegül Şahin. Beveridge Curve Shifts across Countries since the
Great Recession”. In: IMF Economic Review 61.4, pp. 566–600.
Additional files: Slides, Replication files
Press coverage: Financial Times.
Hobijn, Bart and Ayşegül Şahin. Firms And Flexibility”. In: Economic Inquiry 51.1,
pp. 922–940.
Bart Hobijn, Research, September 27, 2017, Page 2 of 7
2012
Barnichon, Regis et al. Which industries are shifting the Beveridge curve? In:
Monthly Labor Review June 2012, pp. 25–37.
Daly, Mary C. et al. A Search and Matching Approach to Labor Markets: Did the
Natural Rate of Unemployment Rise? In: Journal of Economic Perspectives 26.3,
pp. 3–26.
Press coverage: WSJ (blog), Economist.
2011
Comin, Diego and Bart Hobijn. Technology Diffusion and Postwar Growth”. In:
NBER Macroeconomics Annual 2010, Volume 25. NBER Chapters. National Bureau
of Economic Research, Inc, pp. 209–246.
Eusepi, Stefano, Bart Hobijn, and Andrea Tambalotti. CONDI: A Cost-of-Nominal-
Distortions Index”. In: American Economic Journal: Macroeconomics 3.3, pp. 53–91.
Additional files: Replication files.
W. L. Elsby, Michael et al. The Labor Market in the Great Recession—An Update
to September 2011”. In: Brookings Papers on Economic Activity Fall 2011, pp. 353–
384.
Additional files: Slides, Replication files
Press coverage: Economist, Economist, NY Times (blog), Economist.
2010
Comin, Diego and Bart Hobijn. An Exploration of Technology Diffusion”. In:
American Economic Review 100.5, pp. 2031–2059.
Additional files: Online appendix, Replication files, Dataset
Press coverage: Economist.
Elsby, Michael W. L., Bart Hobijn, and Ayşegül Şahin. The Labor Market in the
Great Recession”. In: Brookings Papers on Economic Activity 41.1 (Spring, pp. 1–69.
Additional files: Replication files
Press coverage: Economist, Economist, Economist, Christian Science Monitor.
2009
Comin, Diego and Bart Hobijn. Lobbies and Technology Diffusion”. In: The Review
of Economics and Statistics 91.2, pp. 229–244.
Hobijn, Bart and Ayşegül Şahin. Job-finding and separation rates in the OECD”.
In: Economics Letters 104.3, pp. 107–111.
2008
Comin, Diego, Bart Hobijn, and Emilie Rovito. Technology usage lags”. In: Journal
of Economic Growth 13.4, pp. 237–256.
Additional files: Replication files.
Comin, Diego, Bart Hobijn, and Emilie Rovito. A new approach to measuring
technology with an application to the shape of the diffusion curves”. In: The Journal
of Technology Transfer 33.2, pp. 187–207.
2007
Bech, Morten L. and Bart Hobijn. Technology Diffusion within Central Banking:
The Case of Real-Time Gross Settlement”. In: International Journal of Central
Banking 3.3, pp. 147–181.
2006
Hobijn, Bart, Federico Ravenna, and Andrea Tambalotti. Menu Costs at Work:
Restaurant Prices and the Introduction of the Euro”. In: The Quarterly Journal of
Economics 121.3, pp. 1103–1131.
Additional files: Replication files.
Bart Hobijn, Research, September 27, 2017, Page 3 of 7
2005
Hobijn, Bart and David Lagakos. Inflation Inequality In The United States”. In:
Review of Income and Wealth 51.4, pp. 581–606.
2004
Comin, Diego and Bart Hobijn. Cross-country technology adoption: making the
theories face the facts”. In: Journal of Monetary Economics (Carnegie-Rochester
Conference Series) 51.1, pp. 39–83.
Hobijn, Bart, Philip Hans Franses, and Marius Ooms. Generalizations of the KPSS-
test for stationarity”. In: Statistica Neerlandica 58.4, pp. 483–502.
Additional files: Replication files.
2003
Benhabib, Jess and Bart Hobijn. Another View of Investment: 40 Years Later. In:
J.Stiglitz R.Frydman, M.Woodford and P.Aghion (eds.) Knowledge, Information and
Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps. Princeton
University Press: Princeton, pp. 522–545.
2001
Boer, Paul de et al. Did Trade Liberalization Induce a Structural Break in Imports
of Manufactures in Turkey? In: R.Kulikowski, Z.Nahorski and J.W.Owsinski (eds.)
Modelling of Economic Transition Phenomena. University of Information Technology
and Management Press: Warsaw, pp. 198–219.
Hobijn, Bart and Philip Hans Franses. Are living standards converging? In: Struc-
tural Change and Economic Dynamics 12.2, pp. 171–200.
Hobijn, Bart and Boyan Jovanovic. The Information-Technology Revolution and
the Stock Market: Evidence”. In: American Economic Review 91.5, pp. 1203–1220.
2000
Hobijn, Bart and Philip Hans Franses. Asymptotically perfect and relative conver-
gence of productivity”. In: Journal of Applied Econometrics 15.1, pp. 59–81.
Additional files: Replication files.
1998
Franses, Philip Hans and Bart Hobijn. Increasing seasonal variation; unit roots
versus shifts in mean and trend”. In: Applied Stochastic Models and Data Analysis
14.3, pp. 255–261.
Additional files: Replication files.
1997
Franses, Philip Hans and Bart Hobijn. Critical values for unit root tests in seasonal
time series”. In: Journal of Applied Statistics 24.1, pp. 25–48.
Additional files: Replication files.
1996
Lesuis, Piet J. J. et al. Structural Models of Factor Demands and Technological
Change: An Empirical Assessment of Dynamic Adjustment Specifications for Sectors
of the Dutch Economy”. In: Economic Systems Research 8.4, pp. 341–360.
Federal Reserve publications
2017
Daly, Mary C., Bart Hobijn, and Joseph H. Pedtke. Disappointing Facts about the
Black-White Wage Gap”. In: FRBSF Economic Letter 2017-26.
Press coverage: Washington Post.
2016
Daly, Mary C., Bart Hobijn, and Benjamin Pyle. What’s up with Wage Growth?
In: FRBSF Economic Letter 2016-7.
Press coverage: Bloomberg, Forbes , Bloomberg, Deseret News , Washington Post.
Bart Hobijn, Research, September 27, 2017, Page 4 of 7
2015
Carrillo-Tudela, Carlos et al. Majority of hires never report looking for a job”. In:
FRBSF Economic Letter 2015-10.
Press coverage: WSJ (blog).
Daly, Mary C. and Bart Hobijn. Why is wage growth so slow? In: FRBSF Economic
Letter 2015-1.
Press coverage: Money.
Hobijn, Bart and Alexander Nussbacher. The stimulative effect of redistribution”.
In: FRBSF Economic Letter 2015-21.
Press coverage: WSJ (blog).
2014
Carrillo-Tudela, Carlos, Bart Hobijn, and Ludo Visschers. Career changes decline
during recessions”. In: FRBSF Economic Letter 2014-9.
Press coverage: Bloomberg.
Hobijn, Bart and Leila Bengali. The wage growth gap for recent college grads”. In:
FRBSF Economic Letter 2014-22.
Press coverage: LA Times, Vox, Reuters, Chicago Tribune, WSJ (blog), Sun-Sentinel.
2013
Daly, Mary C., Bart Hobijn, and Benjamin Bradshaw. Gauging the momentum of
the labor recovery”. In: FRBSF Economic Letter 2013-30.
Press coverage: BusinessWeek, Reuters, WSJ (blog).
Daly, Mary C., Bart Hobijn, and Timothy Ni. The path of wage growth and
unemployment”. In: FRBSF Economic Letter 2013-20.
Press coverage: Bloomberg.
2012
Daly, Mary C., Bart Hobijn, and Brian Lucking. Why has wage growth stayed
strong? In: FRBSF Economic Letter 2012-10.
Additional materials: FRBSF Wage Rigidity Meter
Press coverage: Krugman blog, NY Times.
Daly, Mary C. et al. Will the jobless rate drop take a break? In: FRBSF Economic
Letter 2012-37.
Hale, Galina, Bart Hobijn, and Rachna Raina. Commodity prices and PCE inflation”.
In: FRBSF Economic Letter 2012-14.
2011
Hale, Galina and Bart Hobijn. The U.S. content of “Made in China””. In: FRBSF
Economic Letter 2011-25.
Press coverage: LA Times, CNN, WSJ (blog), Krugman blog, Economist, NY Times, Japan Times,
Atlanta Journal Constitution, The Diplomat, Sydney Morning Herald, Bloomberg, USA Today.
Hobijn, Bart and Ayşegül Şahin. Do initial claims overstate layoffs? In: FRBSF
Economic Letter 2011-4.
Hobijn, Bart, Colin Gardiner, and Theodore S. Wiles. Recent college graduates and
the labor market”. In: FRBSF Economic Letter 2011-9.
Press coverage: MSN, WSJ (blog), Economist, NY Times, The Onion (spoof).
Hobijn, Bart, John Krainer, and David Lang. Cap rates and commercial property
prices”. In: FRBSF Economic Letter 2011-29.
Press coverage: Housing Wire.
Bart Hobijn, Research, September 27, 2017, Page 5 of 7
2010
Şahin, Ayşegül, Joseph Song, and Bart Hobijn. The unemployment gender gap
during the 2007 recession”. In: Current Issues in Economics and Finance 16.Feb.
Daly, Mary C. and Bart Hobijn. Okun’s law and the unemployment surprise of
2009”. In: FRBSF Economic Letter 2010-7.
Hobijn, Bart, Stefano Eusepi, and Andrea Tambalotti. The housing drag on core
inflation”. In: FRBSF Economic Letter 2010-11.
Press coverage: WSJ (blog).
Hobijn, Bart and Colin Gardiner. The breadth of disinflation”. In: FRBSF Economic
Letter 2010-36.
Additional materials: FRBSF PCE Inflation Dispersion Page.
Press coverage: Economist.
Kwok, Joyce, Mary C. Daly, and Bart Hobijn. Labor force participation and the
future path of unemployment”. In: FRBSF Economic Letter 2010-27.
Press coverage: Economist, Economist.
2009
Daly, Mary C., Bart Hobijn, and Joyce Kwok. Labor supply responses to changes
in wealth and credit”. In: FRBSF Economic Letter 2009-5.
Daly, Mary C., Bart Hobijn, and Joyce Kwok. Jobless recovery redux? In: FRBSF
Economic Letter 2009-18.
Hobijn, Bart. The Tech Pulse Index: recent trends in tech-sector activity”. In:
FRBSF Economic Letter 2009-3.
Additional materials: FRBSF Tech-Pulse Release
Press coverage: WSJ.
Hobijn, Bart and Charles Steindel. Do alternative measures of GDP affect its
interpretation? In: Current Issues in Economics and Finance 15.Nov.
Press coverage: Krugman blog.
2008
Hobijn, Bart. Commodity price movements and PCE inflation”. In: Current Issues
in Economics and Finance 14.Nov.
2007
Hobijn, Bart and Erick Sager. What has homeland security cost? an assessment:
2001-2005”. In: Current Issues in Economics and Finance 13.Feb.
2005
Groshen, Erica L., Bart Hobijn, and Margaret M. McConnell. U.S. jobs gained and
lost through trade: a net measure”. In: Current Issues in Economics and Finance
11.Aug.
2003
Hobijn, Bart and David Lagakos. Social security and the consumer price index for
the elderly”. In: Current Issues in Economics and Finance 9.May.
Press coverage: Economist.
Hobijn, Bart, Kevin J. Stiroh, and Alexis Antoniades. Taking the pulse of the tech
sector: a coincident index of high-tech activity”. In: Current Issues in Economics
and Finance 9.Oct.
2002
Hobijn, Bart. What will homeland security cost? In: Economic Policy Review Nov,
pp. 21–33.
Other publications
Bart Hobijn, Research, September 27, 2017, Page 6 of 7
2017
Bonam, Dennis and Bart Hobijn. “Ruim begrotingsbeleid vereist sterke toekomstige
schuldstabilisering”. In: Economisch Statistische Berichten 102, pp. 22–24.
2012
Comin, Diego and Bart Hobijn. How Early Adoption Has Increased Wealth—Until
Now”. In: Harvard Business Review 90, pp. 34–35.
T., Dickens William and Triest Robert K. Second Discussant Comment on Potential
Effects of the Great Recession on the U.S. Labor Market”. In: The B.E. Journal of
Macroeconomics 12.3, pp. 1–41.
2009
Elsby, Michael W.L., Bart Hobijn, and Ayşegül Şahin. Unemployment in the Current
Crisis”. In: VOX February 14 2009.
1996
Hobijn, Bart and Philip Hans Franses. Convergentie levensstandaard treedt niet
op”. In: Economisch Statistische Berichten 81, pp. 10–12.
Working papers
2016
Bonam, Dennis and Bart Hobijn. Generalized stability of monetary unions un-
der regime switching in monetary and fiscal policies. DNB Working Papers 524.
Netherlands Central Bank, Research Department.
Daly, Mary C. and Bart Hobijn. The intensive and extensive margins of real wage
adjustment. Working Paper Series 2016-4. Federal Reserve Bank of San Francisco.
Hobijn, Bart and Patryk Perkowsky. The Industry-Occupation Mix of U.S. Job
Openings and Hires”.
Press coverage: WSJ (blog), Economist.
2015
Hobijn, Bart and Fernanda Nechio. Sticker shocks: using VAT changes to estimate
upper-level elasticities of substitution. Working Paper Series 2015-17. Federal Reserve
Bank of San Francisco Conditionally Accepted at Journal of the European Economic
Association.
2009
Hobijn, Bart et al. Household inflation experiences in the U.S.: a comprehensive
approach. Working Paper Series 2009-19. Federal Reserve Bank of San Francisco.
2007
Comin, Diego and Bart Hobijn. Implementing Technology. NBER Working Papers
12886. National Bureau of Economic Research, Inc.
2006
Comin, Diego, Bart Hobijn, and Emilie Rovito. Five Facts You Need to Know About
Technology Diffusion. NBER Working Papers 11928. National Bureau of Economic
Research, Inc.
2002
Hobijn, Bart. On both sides of the quality bias in price indexes. Staff Reports 157.
Federal Reserve Bank of New York.
2001
Hobijn, Bart. Is equipment price deflation a statistical artifact? Staff Reports 139.
Federal Reserve Bank of New York.
Bart Hobijn, Research, September 27, 2017, Page 7 of 7