José Mustre-del-Río is a Research and Policy Officer at the Federal Reserve Bank of Kansas City. He joined the Economic Research Department in August 2011. Prior to joining the department, José received B.S. degrees in economics and applied mathematics from Ohio State University, and M.A. and Ph.D. degrees in economics from the University of Rochester. José's main areas of research are in macroeconomics, labor economics and computational economics.
Professional Journals and Books
- “The Effects of Macroeconomic Shocks: Household Financial Distress Matters” with Juan M. Sanchez, Ryan Mather, and Kartik Athreya, Review of Financial Studies, forthcoming.
- "Search with Wage Posting under Sticky Prices" with Andrew Foerster, Journal of Money, Credit, and Banking, External Linkhttps://doi.org/10.1111/jmcb.12824
- The Persistence of Financial Distress
The Review of Financial Studies, Volume 32, Issue 10, October 2019, Pages 3851–3883, External Linkhttps://doi.org/10.1093/rfs/hhz009 - Job Duration Over the Business Cycle
Journal of Money, Credit, and Banking, 51(6), 1691-1711, 2019 - Wealth and Labor Supply Heterogeneity
Review of Economic Dynamics, 18, 619-634, 2015
Economic Review
- How Much Have Record Corporate Profits Contributed to Recent Inflation?
with Andrew Glover and Alice von Ende-Becker, Vol. 108, no. 1 - Lifetime Earnings Differences across Black and White Individuals: Years Worked Matter
with Andrew Glover and Emily Pollard, Vol. 108, no. 1 - What Happens When the Minimum Wage Rises? It Depends on Monetary Policy
with Andrew Glover, Third Quarter 2021 - What Explains Lifetime Earnings Differences across Individuals?
with Emily Pollard, First Quarter 2019 - Dissecting Wage Dispersion
with San Cannon, Third Quarter 2017 - The Shadow Labor Supply and Its Implications for the Unemployment Rate
with Troy Davig, Third Quarter 2013
Research Working Papers
- Should I Stay or Should I Go? Inter-state Mobility and Earnings Gains of Young College Graduates
with Andrew Glover, RWP 24-08 - The Effects of Macroeconomic Shocks: Household Financial Distress Matters
with Kartik Athreya, Ryan Mather, and Juan M. Sánchez, RWP 20-13 - Consumption in the Great Recession: The Financial Distress Channel
with Kartik Athreya, Ryan Mather, and Juan M. Sánchez, RWP 19-06 - The Persistence of Financial Distress
with Kartik Athreya and Juan M. Sánchez , RWP 17-15 - Search with Wage Posting under Sticky Prices
with Andrew Foerster, RWP 14-17 - Job Duration Over the Business Cycle
RWP 12-08 - Financial Frictions and Occupational Mobility
with William B. Hawkins, RWP 12-06 - The Aggregate Implications of Individual Labor Supply Heterogeneity
RWP 11-09
Economic Bulletin
- Corporate Profits Contributed a Lot to Inflation in 2021 but Little in 2022—A Pattern Seen in Past Economic Recoveries
with Andrew Glover and Jalen Nichols, May 2023 - The KC Fed LMCI Momentum Indicator Suggests Monetary Policy Is Beginning to Weigh on Labor Markets
with Emily Pollard, February 2023 - A Slowdown in Job Vacancies Is Likely to Coincide with Higher Unemployment and Slower Wage Growth
with Huixin Bi and Chaitri Gulati, August 2022 - KC Fed LMCI Suggests that Recent Inflation Is Not Due to the Tight Labor Market
with Andrew Glover 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 Andrew Glover and Emily Pollard, October 2021 - The Evolving Relationship between COVID-19 and Financial Distress
with Kartik Athreya, Juan M. Sánchez, and Olivia Wilkinson, February 2021 - As Manufacturing Weakens, Consumers Pull Back
with Emily Pollard - Nominal Wage Rigidities and the Future Path of Wage Growth
with Emily Pollard - Flowing into Employment: Implications for the Participation Rate
with Michael Redmond and William Xu - Confident about Quitting: Job Leavers and Labor Market Optimism
with William Xu - Following the Leaders: Wage Growth of Job Switchers
- The Wage Cycle and Shadow Labor Supply
with Troy Davig - The Shadow Labor Supply and Its Implications for the Unemployment Rate
with Troy Davig
Selected Conference Presentation
- Mustre-del-Rio, Jose. 2015. “Solving Heterogeneous Agent Models with GPUs,” presentation at the Economic Research in High Performance Computing Environments Workshop, October 21, 2015, hosted by the Federal Reserve Bank of Kansas City's Center for the Advancement of Data and Research in Economics. Code Files