Jason P. Brown

Jason Brown is a Vice President and Economist in the Economic Research Department of the Federal Reserve Bank of Kansas City. In this role, he oversees the regional research and policy function at the bank. Brown also serves as Executive Director of the Kansas City Federal Statistical Research Data Center. He conducts research on issues related to regional economic growth, emerging industries, natural resource development, and economic structural change in rural versus urban areas.

Prior to joining the Federal Reserve Bank of Kansas City, Jason was an economist at the USDA Economic Research Service in Washington, D.C. He holds a Ph.D. from Purdue University.

Recent Speeches

• Economic Outlook (11/4/22)
• Economic Outlook (10/04/22)
• National Economic Outlook (04/20/22)

Professional Journals and Books

• "Response of Consumer Debt to Income Shocks: The Case of Energy Booms and Busts" Journal of Money, Credit and Banking, 2021, 53(7): 1629-1675..
• "Spatially variable taxation and resource extraction: The impact of state oil taxes on drilling in the US" with Peter Maniloff and Dale T. Manning, Journal of Environmental Economics and Management, 2020, 103:102354.
• "Does Resource Ownership Matter? Oil and Gas Royalties and the Income Effect of Extraction" with Timothy Fitzgerald and Jeremy G. Weber, Journal of the Association of Environmental and Resource Economists, 2019, 6(6): 853-878.
• "The Effect of the Conservation Reserve Program on Rural Economies: Deriving a Statistical Verdict from a Null Finding" with Dayton M. Lambert and Timothy Wojan, American Journal of Agricultural Economics, 2019, 101(2): 528-540.
• "Manufacturing Plant Survival in a Period of Decline" with Sarah A. Low, Growth and Change, 2017, 48(3): 297-312.
• "Capturing Rents from Natural Resource Abundance: Private Royalties from U.S. Onshore Oil & Gas Production" with Timothy Fitzgerald and Jeremy G. Weber, Resource and Energy Economics, 2016, 46: 23-38.
• "Extending a Smooth Parameter Model to Firm Location Analyses: The Case of Natural Gas Establishments in the United States" with Dayton M. Lambert, Journal of Regional Science, 2016, 56(5): 848-867.
• "Crop Prices, Agricultural Revenues, and the Local Economy of the U.S. Heartland" with Jeremy G. Weber, Conor Wall, and Tom Hertz, Applied Economic Perspectives and Policy, 2015, 37(3): 459-476.
• "Spatial Hedonic Analysis of the Effects of US Wind Energy Facilities on Surrounding Property Values" with Ben Hoen, Thomas Jackson, Mark A. Thayer, Ryan Wiser and Peter Cappers, Journal of Real Estate Finance and Economics, 2015, 51(1): 22-51.
• "What to Do About the "Cult of Statistical Significance?” A Renewable Fuel Application using the Neyman-Pearson Protocol" with Timothy Wojan and Dayton Lambert, Applied Economic Perspectives and Policy, 2015, 36(4): 674-695.
• "Rural Wealth Creation and Emerging Energy Industries" with Jeremy G. Weber and John L. Pender, 2014, In: Rural Wealth Creation” Pender, J.L., Weber, B.A., Johnson, T.G. and Fannin, J.M. (eds.) Routledge, pg. 167-184.
• "Linkages between Community-Focused Agriculture, Farm Sales, and Regional Growth" with Stephan J. Goetz, Mary C. Ahearn and Chyi-lyi Liang, Economic Development Quarterly, 2014, 28(1): 5-16.
• "Sustainable Rural Development and Wealth Creation: Five Observations Based on Emerging Energy Opportunities" with John L. Pender and Jeremy G. Weber, Economic Development Quarterly, 2014, 28(1): 73-86.
• "The Birth, Death, and Persistence of Firms: Creative Destruction and the Spatial Distribution of U.S. Manufacturing Establishments, 2000-2006" with Dayton M. Lambert and Raymond J.G.M. Florax, Economic Geography, 2013, 89(3): 203-226.
• "Ex Post Analysis of Economic Impacts from Wind Power Development in U.S. Counties" with John L. Pender, Ryan Wiser, Eric Lantz and Ben Hoen, Energy Economics, 2012, 34(6): 1743-1754.
• "A two-step estimator for a spatial lag model of counts: Theory, small sample performance and an application" with Dayton M. Lambert and Raymond J.G.M. Florax, Regional Science and Urban Economics, 2010, 40(4): 241-252.
• "Determinants of Investment Flows in U.S. Manufacturing" with Raymond J.G.M. Florax and Kevin T. McNamara, The Review of Regional Studies, 2009, 39(3): 267-284.
• "Consumer Behavior, Public Policy, and Country-of-Origin Labeling" with Jayson L. Lusk, Tyler Mark, Idlir Proseku, Rachel Thompson and Jody Welsh, Applied Economic Perspectives and Policy, 2006, 28(2): 284-292.

Economic Review Articles

• The Shifting Expectations for Work from Home
  with Colton Tousey, Vol. 108, no. 2
• How the Pandemic Influenced Trends in Domestic Migration across U.S. Urban Areas
  with Colton Tousey, Fourth Quarter 2021
• Population Turnover and the Growth of Urban Areas
  with Colton Tousey, First Quarter 2020
• The Widening Divide in Business Turnover between Large and Small Urban Areas
  Third Quarter 2018
• Identifying State-Level Recessions
  First Quarter 2017
• The Response of Employment to Changes in Oil and Gas Exploration and Drilling
  Second Quarter 2015
• Production of Natural Gas From Shale in Local Economies: A Resource Blessing or Curse?
  First Quarter 2014

Research Working Papers

• Creative Destruction and the Reallocation of Capital in Rural and Urban Areas
  with Dayton M. Lambert, RWP 24-11
• Economic Benefits and Social Costs of Legalizing Recreational Marijuana
  with Elior Cohen and Alison Felix, RWP 23-10
• The Missing Tail Risk in Option Prices
  with Nida Çakır Melek, Johannes Matschke, and Sai A. Sattiraju, RWP 23-02
• Rational but Not Prescient: Borrowing during the Fracking Boom
  with Daniel Berkowitz, Andrew J. Boslett, and Jeremy G. Weber, RWP 22-05
• Death of Coal and Breath of Life: The Effect of Power Plant Closure on Local Air Quality
  with Colton Tousey, RWP 20-15
• Rising Market Concentration and the Decline of Food Price Shock Pass-Through to Core Inflation
  with Colton Tousey, RWP 19-02
• Effects of State Taxation on Investment: Evidence from the Oil Industry
  with Peter Maniloff and Dale T. Manning, RWP 18-07
• The Effect of the Conservation Reserve Program on Rural Economies: Deriving a Statistical Verdict from a Null Finding
  with Dayton M. Lambert and Timothy R. Wojan, RWP 18-04, Supplementary files
• How Centralized is U.S. Metropolitan Employment?
  with Maeve Maloney, Jordan Rappaport, and Aaron Smalter Hall, RWP 17-16
• Response of Consumer Debt to Income Shocks: The Case of Energy Booms and Busts
  RWP 17-05
• Does Resource Ownership Matter? Oil and Gas Royalties and the Income Effect of Extraction
  with Timothy Fitzgerald and Jeremy G. Weber, RWP 16-12
• Capturing Rents from Natural Resource Abundance: Private Royalties from U.S. Onshore Oil & Gas Production
  with Timothy Fitzgerald and Jeremy G. Weber, RWP 15-04
• Location Decisions of Natural Gas Extraction Establishments: A Smooth Transition Count Model Approach
  with Dayton M. Lambert, RWP 14-05
• Rural Wealth Creation and Emerging Energy Industries: Lease and Royalty Payments to Farm Households and Businesses
  with Jeremy G. Weber and John Pender, RWP 13-07

Economic Bulletin

• Consumer Debt Is High, but Consumers Seem to Have Room to Run
  with Colton Tousey, May 2024
• When the Music Stops: Slowing Wage Growth May Lead to More Delinquent Debt
  with Colton Tousey, March 2023
• U.S. Business Applications Surge in the Face of COVID-19
  November 2020
• COVID-19 Stuns U.S. and Tenth District Economies, but Both Show Signs of Stabilization
  with Alison Felix, June 2020
• Drilling Productivity in the United States: What Lies Beneath
  with David Rodziewicz and Colton Tousey, May 2019
• Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime Borrowers
  with Colton Tousey, August 2018
• The Reallocation of Energy-Sector Workers after Oil Price Booms and Busts
  with Andres Kodaka, March 2016

The Main Street Economist

• U.S. Electricity Prices in the Wake of Growing Natural Gas Production
  with Andres Kodaka, Issue 2, 2014
• The Cycles of Wind Power Development
  Issue 3, 2013

Other Publications

• Brown, J.P., Weber, J.G., and Wojan, T. 2013. "Emerging Energy Industries and Rural Growth." ERR-159, USDA Economic Research Service, Washington DC. External Linkhttps://www.ers.usda.gov/webdocs/publications/45155/41053_err159.pdf?v=3948.1
• Brown, J.P. and Weber, J.G. 2013. "The Off-Farm Occupations of U.S. Farm Operators and Their Spouses." EIB-117, USDA Economic Research Service, Washington DC. External Linkhttps://www.ers.usda.gov/webdocs/publications/43789/40009_eib-117.pdf