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Jeffrey R. Campbell

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About

Jeffrey R. Campbell was an economist at the Federal Reserve Bank of Chicago.

Bank Publications

Economic Perspectives

The Macroeconomic Effects of the 2018 Bipartisan Budget Act
Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher, Leonardo Melosi | 2019 | Vol. 43 | No. 2 | July Download
The Event-Study Activity Puzzle
Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano, Leonardo Melosi | 2017 | Vol. 41 | No. 3 | April Download
Odyssean Forward Guidance in Monetary Policy: A Primer
Jeffrey R. Campbell | 2013 | Vol. 37 | 4th Quarter Download
Interest Rates Following Financial Re-regulation
Jeffrey R. Campbell, Zvi Hercowitz | 2010 | Vol. 34 | No. 1 Download
How the U.S. Economy Is Like a (Very) Big Business
Jeffrey R. Campbell | 2008 | Vol. 32 | 3rd Quarter Download
Consumption-based Macroeconomic Forecasting
Jeffrey R. Campbell, Spencer Krane | 2005 | Vol. 29 | No. 4 | November | 4th Quarter Download
Creative destruction in local markets
Jaap H. Abbring , Jeffrey R. Campbell | 2004 | Vol. 28 | No. 2 | May | 2nd Quarter Download
Understanding aggregate job flows
Jeffrey R. Campbell, Jonas D. M. Fisher | 1997 | Vol. 21 | No. 3 | August | 3rd Quarter Download
Long-run labor market dynamics and short-run inflation
Jeffrey R. Campbell, Ellen Rissman | 1994 | Vol. 18 | No. 2 | March Download

Chicago Fed Letter

The State of Our Interstates
Jeffrey R. Campbell, Thomas N. Hubbard | 2009 | No. 264 | July Download
Real Exchange Rates and Retail Trade on the U.S.–Canada Border
Jeffrey R. Campbell, Beverly Lapham | 2003 | No. 191 | July Download

Working papers

Working Papers

The Chicago Fed DSGE Model: Version 2
Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher, Leonardo Melosi | 2023 | No. 2023-36 | September Download
The Limits of Forward Guidance
Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher, Leonardo Melosi | 2019 | No. 2019-03 Download
Discretion Rather than Rules: Equilibrium Uniqueness and Forward Guidance with Inconsistent Optimal Plans (REVISED January 2019)
Jeffrey R. Campbell, Jacob P. Weber | 2018 | No. 2018-14 Download
Open Mouth Operations (REVISED January 2019)
Jeffrey R. Campbell, Jacob P. Weber | 2018 | No. 2018-03 Download
Very Simple Markov-Perfect Industry Dynamics: Empirics
Jaap H. Abbring , Jeffrey R. Campbell, Jan Tilly, Nan Yang | 2018 | No. 2018-17 Download
Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis
Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano, Leonardo Melosi | 2016 | No. 2016-07 Download
Quantitative Easing in Joseph's Egypt with Keynesian Producers (Revised August 2016)
Jeffrey R. Campbell | 2014 | No. 2014-15 | November Download
Very Simple Markov-Perfect Industry Dynamics
Jaap H. Abbring , Jeffrey R. Campbell, Jan Tilly, Nan Yang | 2013 | No. 2013-20 Download
Macroeconomic Effects of Federal Reserve Forward Guidance
Jeffrey R. Campbell, Charles L. Evans, Jonas D. M. Fisher, Alejandro Justiniano | 2012 | No. 2012-03 | October Download
The Chicago Fed DSGE Model
Scott A. Brave, Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano | 2012 | No. 2012-02 | August Download
The Financial Labor Supply Accelerator
Jeffrey R. Campbell, Zvi Hercowitz | 2011 | No. 2011-05 | June Download
Simple Markov-Perfect Industry Dynamics
Jaap H. Abbring , Jeffrey R. Campbell, Nan Yang | 2010 | No. 2010-21 | November Download
The Economics of 'Radiator Springs:' Industry Dynamics, Sunk Costs and Spatial Demand Shifts (Revised May 2016)
Jeffrey R. Campbell, Thomas N. Hubbard | 2009 | No. 2009-24 | December Download
Liquidity Constraints of the Middle Class (REVISED February 2018)
Jeffrey R. Campbell, Zvi Hercowitz | 2009 | No. 2009-20 | November Download
A Conversation with 590 Nascent Entrepreneurs
Jeffrey R. Campbell, Mariacristina De Nardi | 2007 | No. 2007-20 Download
Duopoly Dynamics with a Barrier to Entry
Jaap H. Abbring , Jeffrey R. Campbell | 2006 | No. 2006-29 Download
Last-In First-Out Oligopoly Dynamics
Jaap H. Abbring , Jeffrey R. Campbell | 2006 | No. 2006-28 Download
Welfare Implications of the Transition to High Household Debt
Jeffrey R. Campbell, Zvi Hercowitz | 2006 | No. 2006-27 Download
Competition in Large Markets
Jeffrey R. Campbell | 2005 | No. 2005-16 Download
Rigid Prices: Evidence from U.S. Scanner Data (REVISED July 2010)
Jeffrey R. Campbell, Benjamin Eden | 2005 | No. 2005-08 Download
The Dynamics of Work and Debt
Jeffrey R. Campbell, Zvi Hercowitz | 2004 | No. 2004-05 Download
The Role of Collateralized Household Debt in Macroeconomic Stabilization
Jeffrey R. Campbell, Zvi Hercowitz | 2004 | No. 2004-24 Download
A Firm’s First Year
Jaap H. Abbring , Jeffrey R. Campbell | 2003 | No. 2003-11 Download
Market Size Matters
Jeffrey R. Campbell | 2003 | No. 2003-12 Download
Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries on the U.S.-Canada Border
Jeffrey R. Campbell, Beverly Lapham | 2002 | No. 2002-17 Download
Idiosyncratic Risk and Aggregate Employment Dynamics
Jeffrey R. Campbell, Jonas D. M. Fisher | 2000 | No. 2000-15 Download
Aggregate Employment Fluctuations with Microeconomic Asymmetries
Jeffrey R. Campbell, Jonas D. M. Fisher | 1996 | No. 96-17 Download

Selected External Publications

Acceptances in Academic Journals and Books

Campbell, Jeffrey R., and Zvi Hercowitz, 2019, “Liquidity constraints of the middle class,” American Economic Journal: Economic Policy, Vol. 11, No. 3, August, pp. 130–155, (accepted September 17, 2018). 20190801050000
Campbell, Jeffrey R., Filippo Ferroni, Jonas D. M. Fisher, and Leonardo Melosi, 2019, “The limits of forward guidance,” Journal of Monetary Economics, Vol. 108, December, pp. 118–134. 20191201060000
Campbell, Jeffrey R., and Zvi Hercowitz, 2019, “Liquidity constraints of the middle class,” Quantitative Economics, Vol. 11, No. 3, August, pp. 130–155. 20190801050000
Abbring, Japp H., Jeffrey R. Campbell, Jan Tilly, and Nan Yang, 2018, “Very simple Markov-perfect industry dynamics,” Econometrica, Vol. 86, No. 2, March, pp. 721–735, (accepted May 4, 2017). 20180301060000
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