Bart Hobijn
Curriculum Vitae
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
March 16, 2019
Fields of Specialization
Applied Macroeconomics, Labor Market Dynamics, Economic Growth, Technological
Progress, Econometrics, Price Measurement
Education
1995–2001 Ph.D. Economics, New York University, New York.
1989–2005 M.Sc. Econometrics, Erasmus University Rotterdam, The Netherlands.
Experience
Main positions
2015–Now Arizona State University, W.P. Carey School of Business, Tempe, AZ, USA.
Full Professor in Economics
2009–2014 VU University Amsterdam, Amsterdam, The Netherlands.
2011–2014 Part-time Full Professor in Economics
2009–2011 Part-time Visiting Professor in Economics
2008–2015 Federal Reserve Bank of San Francisco, San Francisco, CA, USA.
2010–2015 Senior Research Advisor
2008–2010 Research Advisor
2000–2008 Federal Reserve Bank of New York, New York City, NY, USA.
2006–2008 Research Officer
2004–2006 Senior Economist
2000–2004 Economist
Other affiliations, service, and committees
2017–Now The Conference Board, Labor Markets Center Advisory Board, Member.
2016–Now Federal Reserve Bank of San Francisco, Visiting scholar.
2015–Now Conference on Research in Income and Wealth, Member.
2014–2017 Bureau of Labor Statistics, Technical Advisory Committee, Member.
2010–2014 Tinbergen Institute, Research Fellow.
Bart Hobijn, CV, March 16, 2019, Page 1 of 10
Academic publications
2019
Elsby, Michael et al. “Flow Origins of Labor Force Participation Fluctuations”. In:
Prepared for American Economic Review (Papers and Proceedings) 109.5, pp. –.
2018
Hobijn, Bart and Fernanda Nechio.
Sticker shocks: using VAT changes to esti-
mate upper-level elasticities of substitution
. Working Paper Series 2015-17. Federal
Reserve Bank of San Francisco Forthcoming in Journal of the European Economic
Association.
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.
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.
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.
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.
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.
Hobijn, Bart and Ayşegül Şahin. “Firms And Flexibility”. In:
Economic Inquiry
51.1,
pp. 922–940.
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.
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.
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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.
2010
Comin, Diego and Bart Hobijn. “An Exploration of Technology Diffusion”. In:
American Economic Review 100.5, pp. 2031–2059.
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.
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.
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.
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.
2003
Benhabib, Jess and Bart Hobijn.
Another View of Investment: 40 Years Later
. In:
Stiglitz, Joseph et al.
Knowledge, Information and Expectations in Modern Macroe-
conomics: 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.
Bart Hobijn, CV, March 16, 2019, Page 3 of 10
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.
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.
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.
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
2019
Hale, Galina et al. “How Much Do We Spend on Imports?” In:
FRBSF Economic
Letter 2019-01.
2017
Daly, Mary C., Bart Hobijn, and Joseph H. Pedtke. “Disappointing Facts about the
Black-White Wage Gap”. In: FRBSF Economic Letter 2017-26.
2016
Daly, Mary C., Bart Hobijn, and Benjamin Pyle. “What’s up with Wage Growth?”
In: FRBSF Economic Letter 2016-7.
2015
Carrillo-Tudela, Carlos et al. “Majority of hires never report looking for a job”. In:
FRBSF Economic Letter 2015-10.
Daly, Mary C. and Bart Hobijn. “Why is wage growth so slow?” In:
FRBSF Economic
Letter 2015-1.
Hobijn, Bart and Alexander Nussbacher. “The stimulative effect of redistribution”.
In: FRBSF Economic Letter 2015-21.
2014
Carrillo-Tudela, Carlos, Bart Hobijn, and Ludo Visschers. “Career changes decline
during recessions”. In: FRBSF Economic Letter 2014-9.
Hobijn, Bart and Leila Bengali. “The wage growth gap for recent college grads”. In:
FRBSF Economic Letter 2014-22.
2013
Daly, Mary C., Bart Hobijn, and Benjamin Bradshaw. “Gauging the momentum of
the labor recovery”. In: FRBSF Economic Letter 2013-30.
Daly, Mary C., Bart Hobijn, and Timothy Ni. “The path of wage growth and
unemployment”. In: FRBSF Economic Letter 2013-20.
2012
Daly, Mary C., Bart Hobijn, and Brian Lucking. “Why has wage growth stayed
strong?” In: FRBSF Economic Letter 2012-10.
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.
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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.
Hobijn, Bart, John Krainer, and David Lang. “Cap rates and commercial property
prices”. In: FRBSF Economic Letter 2011-29.
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.
Hobijn, Bart and Colin Gardiner. “The breadth of disinflation”. In:
FRBSF Economic
Letter 2010-36.
Kwok, Joyce, Mary C. Daly, and Bart Hobijn. “Labor force participation and the
future path of unemployment”. In: FRBSF Economic Letter 2010-27.
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.
Hobijn, Bart and Charles Steindel. “Do alternative measures of GDP affect its
interpretation?” In: Current Issues in Economics and Finance 15.Nov.
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.
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, CV, March 16, 2019, Page 5 of 10
2018
Hobijn, Bart. “The “Supply-Side Origins”of U.S. Inflation”. In:
Central Bank of
Chile, Annual Conference Volume XXII, pp. –.
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
2019
Esfahani, Mehrdad, John G. Fernald, and Bart Hobijn. “World Productivity: 1996 -
2014”.
2018
Daly, Mary C., Bart Hobijn, and Joseph H. Pedtke. “Labor Market Dynamics and
Black-White Earnings Gaps”.
Hobijn, Bart, Todd Schoellman, and Alberto Vindas-Quesada. “Structural Transfor-
mation by Cohort”.
2016
Bonam, Dennis and Bart Hobijn.
Generalized stability of monetary unions under
regime switching in monetary and fiscal policies
. DNB Working Papers 524. Nether-
lands 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”.
2009
Comin, Diego A and Bart Hobijn.
The CHAT Dataset
. Working Paper 15319.
National Bureau of Economic Research.
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, CV, March 16, 2019, Page 6 of 10
Academic presentations and speeches
Presentations
AEA Meetings, Arizona State University, Banque de France, Bank of Canada,
Bank of England, Boston College, Brookings Institution, Bundesbank, Carnegie
Rochester Conference on Public Policy, Catholic University Louvain-la-Neuve, City
University New York, Deutsches Institut fur Wirtschaftsforschung, ECB/IMOP
conference, Einaudi Institute for Economics and Finance, EEA/ESEM, Erasmus
University Rotterdam, ES-NASM, European Central Bank, European University
Institute, Federal Reserve Bank of Boston, Federal Reserve Bank of Chicago, Federal
Reserve Bank of Cleveland, Federal Reserve Bank of New York, Federal Reserve
Bank of Richmond, Federal Reserve Bank of San Francisco, Federal Reserve Board
of Governors, Georgetown University, Goethe Universität, HEC Montreal, INSEAD,
International Input-Output Association meeting, London School of Economics,
McGill University, Ministry of Economic Affairs (Netherlands), National Association
of Business Economists, NBER Labor Studies, NBER Economic Growth, NBER
Summer Institute, NBER Economic Fluctuations and Growth Meeting, New York
University, Norges Bank, Rijksuniversiteit Groningen, Rutgers University, Society
for Economic Dynamics, Universiteit van Amsterdam, University of California at
Davis, University of California at Santa Cruz, University of Edinburgh, University
of Maryland, University of Texas Austin, University of Vigo, Vrije Universiteit
Amsterdam, Washington University St. Louis.
Keynote “U.S. Labor Market Dynamics”, Bank of England, October 11, 2012.
Dataset
2009 The CHAT Dataset
,
(with Diego Comin)
, NBER Working Paper #15319, August
2009.
Data available at NBER: http://www.nber.org/data/chat
Grants
2007 Innovation and Technology Implementation: Theory and Policy Implications
,
Co-principal investigator (with Diego Comin)
, NSF grant SBE-738101, August 2007.
$255,587
2005 An Extensive Dataset on Historical Cross-Country Technology Adoption Pat-
terns
,
Co-principal investigator (with Diego Comin)
, NSF grant SES-0742957, Au-
gust 2005.
$120,297
2003 The New York Research Data Center
,
Co-principal investigator (with Neil Ben-
nett, Bob Lipsey, and Erica Groshen), NSF grant SES-0517910, July 2003.
$267,886
Bart Hobijn, CV, March 16, 2019, Page 7 of 10
Peer reviewing
Refereeing
American Economic Review, Berkeley Economic Press, Canadian Journal of Eco-
nomics, Economica, Econometrica, Economic Inquiry, Economic Journal, Economic
Modeling, Economic Systems Research, European Economic Review, International
Economic Review, International Finance, Journal of Applied Econometrics, Journal
of Business and Economic Statistics, Journal of Development Economics, Journal
of Econometrics, Journal of Economic Dynamics and Control, Journal of Economic
Geography, Journal of Economic Growth, Journal of Economic Theory, Journal of
the European Economic Association, Journal of Labor Economics, Journal of Money,
Credit, and Banking, Journal of Monetary Economics, Journal of Political Economy,
Journal of Population Economics, Journal of Regional Science, Labour, Labour
Economics, Macroeconomic Dynamics, National Science Foundation, Nederlandse
Organisatie voor Wetenschappelijk Onderzoek, Oxford Bulleting of Economics and
Statistics, Oxford Economic Papers, Quarterly Journal of Economics, Review of
Economics and Statistics, Review of Economic Dynamics, Review of Economic Stud-
ies, Review of Income and Wealth, Scandinavian Journal of Economics, Southern
Economic Journal, Structural
Other Member, Review Panel, National Science Foundation, July 2005.
Bart Hobijn, CV, March 16, 2019, Page 8 of 10
Teaching
2015–Now Arizona State University, W.P. Carey School of Business.
2018–Now ECN 503: Global Business Environment (MBA) Macro and business conditions
2018–Now ASU-EA-ECN 211: Macroeconomic Principles (BA) Online Course on Open EdX
2017 GFA-ECN 211: Macroeconomic Principles (BA) MOOC on EdX
2015–Now ECN 715: Topics Class on Research Methods (PhD) Applied research tools
2015–Now ECN 494: Contemporary Topics in Macroeconomics (BA) Hybrid class on current
analysis and
datareleases
2013–2015 UC Berkeley, Adjunct professor.
2014–2015 ECN 141: Advanced Econometrics (BA) honors econometrics
2013 ECN 140: Econometrics (BA)
2009–2014 VU University Amsterdam, Part-time professor.
2009–2014 Advanced Macroeconomics (MA)
2009–2014 International Economics (BA)
2007 City University of New York Graduate Center, Visiting professor.
2007 Econometrics II (PhD)
2007 New York University, Adjunct professor/PhD Student.
2002–2008 Macroeconomic Theory (MA) 2-semester sequence in macroeconomic theory
1999 Intermediate Macroeconomics (BA) Summer course
1998 Principles of Macroeconomics (BA) Summer course
1997 Principles of Microeconomics (BA) Summer course
1996 Introduction to Econometrics (BA)
Student advising
Arizona State University
Ph.D.
Alberto Vindas-Quesada (advisor, current), Mehrdad Esfahani (committee, current),
Ryan Wessel (committee, 2016)
BA Kevin Winseck (current), Joseph Figueroa (current), Peter Scobas (2017)
University of California at Berkeley
BA Trace Levinson (2015), Alexander Nussbacher (2014)
VU University Amsterdam
Ph.D.
Dennis Bonam (committee, 2016, DNB), Petr Sedláček (committee, 2011, University
of Bonn), Zoltan Wolf (committee, 2011, Census Bureau)
MA
Ashwin Kumar (2014), Cindy Biesenbeek (2014), Davey Slenders (2013), Wouter de
Wit (2012), Matthijs Triep (2012, co-advisor), Christina Baicoianu (2011), Marco
Kamstra (2010)
Bart Hobijn, CV, March 16, 2019, Page 9 of 10
