Andrew Glover

Andrew Glover is a research and policy advisor in the economic research department at the Federal Reserve Bank of Kansas City. His research studies labor and credit markets from a macroeconomic perspective. Prior to joining the Federal Reserve of Kansas City, Mr. Glover was an assistant professor of economics at the University of Texas at Austin. He earned his PhD from the University of Minnesota in 2011.

Professional Journals and Books

• "Health versus Wealth: On the Distributional Effects of Controlling a Pandemic" with Jonathan Heathcote, Dirk Krueger, and Victor Ríos-Rull, Journal of Monetary Economics. Forthcoming.
• "Optimal Age-Based Vaccination and Economic Mitigation Policies for the Second Phase of the Covid-19 Pandemic" with Jonathan Heathcote and Dirk Krueger. Journal of Economic Dynamics and Control. 140
• "Unintended Consequences of Employer Credit Check Bans for Labor Markets" with Kristle Cortes and Murat Tasci. Review of Economics and Statistics. 104 (5), 997-1009.
• "Intergenerational Redistribution in the Great Recession" with Jonathan Heathcote, Dirk Krueger, and José-Víctor Ríos-Rull. Journal of Political Economy, 128 (10), 3730-3778.
• "Can Capital Deepening Explain the Global Decline in Labor's Share?" with Jacob Short, Review of Economic Dynamics. 35, 35-53.
• "Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound", Journal of Monetary Economics, 07, 114-128.
• "Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update", with Javier Díaz-Giménez and José-Víctor Ríos-Rull, Federal Reserve Bank of Minneapolis Quarterly Review, February 2011, Vol. 34 No. 1.

Economic Review

• How Much Have Record Corporate Profits Contributed to Recent Inflation?
  with José Mustre-del-Río and Alice von Ende-Becker, Vol. 108, no. 1
• Lifetime Earnings Differences across Black and White Individuals: Years Worked Matter
  with José Mustre-del-Río and Emily Pollard, Vol 108, no. 1
• What Happens When the Minimum Wage Rises? It Depends on Monetary Policy
  with José Mustre-del-Río, Third Quarter 2021
• Puzzlingly Divergent Trends in Household Wealth and Business Formation
  with Justin Barnette, Second Quarter 2021

Research Working Papers

• Should I Stay or Should I Go? Inter-state Mobility and Earnings Gains of Young College Graduates
  with José Mustre-del-Río, RWP 24-08
• Uninsurable Income Risk and the Welfare Effects of Reducing Global Imbalances
  with Ayşe Dur and Jacek Rothert, RWP 24-02
• Equilibrium Evictions
  with Dean Corbae and Michael Nattinger, RWP 23-03
• Employer Credit Checks: Poverty Traps versus Matching Efficiency
  with Dean Corbae, RWP 23-01
• Optimal Age-Based Vaccination and Economic Mitigation Policies for the Second Phase of the COVID-19 Pandemic
  with Jonathan Heathcote, Dirk Krueger, and José-Victor Ríos-Rull, RWP 21-15
• The Unintended Consequences of Employer Credit Check Bans for Labor Markets
  with Kristle Cortés and Murat Tasci, RWP 20-04
• Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
  with Jonathan Heathcote, Dirk Krueger, José-Victor Ríos-Rull, RWP 20-03
• Negative Nominal Interest Rates Can Worsen Liquidity Traps
  RWP 19-07

Work in Progress

• "Using Minimum Wages to Avoid Liquidity Traps: Stability vs. Allocative Efficiency"
• "Employer Credit Checks: Poverty Traps vs. Matching Efficiency" with Dean Corbae
• "Demographic Origins of the Decline in Labor’s Share" with Jacob Short

Economic Bulletin

• Why Haven’t Recent Rate Increases Slowed the Economy More? Look to Unusually Low Private-Lending Spreads
  with Johnson Oliyide, August 2024
• Corporate Profits Contributed a Lot to Inflation in 2021 but Little in 2022—A Pattern Seen in Past Economic Recoveries
  with José Mustre-del-Río and Jalen Nichols, May 2023
• Disagreement among Households May Foreshadow a Rise in Inflation Expectations
  June 2022
• KC Fed LMCI Suggests that Recent Inflation Is Not Due to the Tight Labor Market
  with José Mustre-del-Río and Emily Pollard, October 2021
• KC Fed LMCI Implies the Labor Market Is Closer to a Full Recovery than the Unemployment Rate Alone Suggests
  with José Mustre-del-Río and Emily Pollard, October 2021
• Inflation Expectations Limit the Expansionary Power of Negative Interest Rates
  with Emily Pollard, March 2020