José Mustre-del-Río

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

• "Search with Wage Posting under Sticky Prices" with Andrew Foerster, Journal of Money, Credit, and Banking, Forthcoming.
• PDFThe 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
• PDFJob Duration Over the Business Cycle
  Journal of Money, Credit, and Banking, 51(6), 1691-1711, 2019
• PDFWealth and Labor Supply Heterogeneity
  Review of Economic Dynamics, 18, 619-634, 2015 

Economic Review

• What Explains Lifetime Earnings Differences across Individuals?
  with Emily Pollard, First Quarter 2019
• Dissecting Wage Dispersion
  with San Cannon, Third Quarter 2017
• PDFThe Shadow Labor Supply and Its Implications for the Unemployment Rate
  with Troy Davig, Third Quarter 2013

Research Working Papers

• PDFHousehold Financial Distress and the Burden of “Aggregate” Shocks
• 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
• PDFSearch with Wage Posting under Sticky Prices
  with Andrew Foerster, RWP 14-17
• PDFJob Duration Over the Business Cycle
  RWP 12-08
• PDFFinancial Frictions and Occupational Mobility
  with William B. Hawkins, RWP 12-06
• PDFThe Aggregate Implications of Individual Labor Supply Heterogeneity
  RWP 11-09

Economic Bulletin

• The Evolving Relationship between COVID-19 and Financial Distress
  with Kartik Athreya, Juan M. Sánchez, and Olivia Wilkinson
• As Manufacturing Weakens, Consumers Pull Back
  with Emily Pollard
• Nominal Wage Rigidities and the Future Path of Wage Growth
  with Emily Pollard
• PDFFlowing into Employment: Implications for the Participation Rate
  with Michael Redmond and William Xu
• PDFConfident about Quitting: Job Leavers and Labor Market Optimism
  with William Xu
• PDFFollowing the Leaders: Wage Growth of Job Switchers
• PDFThe Wage Cycle and Shadow Labor Supply
  with Troy Davig
• PDFThe 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. zipCode Files