About
Gene Amromin is a vice president and director of financial research in the economic research department of the Federal Reserve Bank of Chicago.
In this role, Amromin leads the group of senior economists, knowledge leaders, and research assistants responsible for the Bank’s analysis of financial developments as they relate to monetary policy. He also conducts high-level policy briefings for the President and Chicago Board of Directors and interacts with senior policy staff at the Board of Governors and other Reserve Banks.
Amromin joined the Chicago Fed in 2005, following three years with the Board of Governors of the Federal Reserve System. His research focuses on housing markets, mortgage finance, household financial decision-making, taxation, and corporate finance, and has been published in a number of scholarly journals, including the Journal of Political Economy, the Journal of Financial Economics, and the Journal of Public Economics. During 2011-12, he served as a senior economist on the President’s Council of Economic Advisers.
Bank Publications
Chicago Fed Insights
Chicago Fed Letter
Economic Perspectives
ProfitWise News and Views
Working papers
Working Papers
Selected External Publications
With Leslie McGranahan, 2015, "The Great Recession and Credit Trends across Income Groups," American Economic Review, Vol. 105, No. 5, pp. 147-53.
With Paul Harrison and Steven Sharpe, 2009, "How Did the 2003 Dividend Tax Cut Affect Stock Prices?," Financial Management.
2009, "Whither Loose Change? The Diminishing Demand for Small Denomination Currency," Journal of Money, Credit and Banking.
2008, "Precautionary Savings Motives and Tax-Efficiency of Household Portfolios: An Empirical Analysis," in Tax Policy and the Economy (James Poterba, ed.), Vol. 22, Cambridge, MA: MIT Press.
With Jennifer Huang and Clemens Sialm, 2007, "The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings," Journal of Public Economics, Vol. 91, No. 10, pp. 2014-2040.
2003, "Household Portfolio Choices in Taxable and Tax-Deferred Accounts: Another Puzzle?," European Finance Review: Review of Finance, Vol. 7, No. 3, pp. 547-582.
With Nellie Liang, 2003, "Hedging Employee Stock Options, Corporate Taxes and Debt," National Tax Journal, Vol. 56, No. 3, pp. 513-533.
With Paul Smith, 2003, "What Explains Early Withdrawals from Retirement Accounts? Evidence from a Panel of Taxpayers," National Tax Journal, Vol. 56, No. 3, pp. 595-612.
Presentations and Other Resources
March 2015 | Download Presentation