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Research Interests
fiscal policy, macroeconomics, monetary economics, dynamic economicsSelected Work
“Regional Consumption Responses and the Aggregate Fiscal Multiplier”
with Marios Karabarbounis, Marianna Kudlyak, and M. Saif Mehkari
Review of Economic Studies, Volume 90, Issue 6, November 2023, Pages 2982–3021
Related working paper (PDF)
“The Aggregate and Local Economic Effects of Government Financed Health Care”
with Rodrigo Guerrero
Economic Inquiry, April 2021, Vol. 59, No. 2, pp. 662-670
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“Sticky Wages, Monetary Policy and Fiscal Policy Multipliers”
with Rong Li and Jingchao Li
Journal of Macroeconomics, December 2019, Vol. 62, 103157, pp. 103-157
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“A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act”
with Peter B. McCrory
Economic Journal, June 2018, Vol. 128, No. 611, pp. 1476-1508
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“Local and Aggregate Fiscal Policy Multipliers”
with Rodrigo Guerrero
Journal of Monetary Economics, December 2017, Vol. 92, pp. 16-30
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“The 2009 Recovery Act: Stimulus at the Extensive and Intensive Labor Margins”
with M. Saif Mehkari
European Economic Review, June 2016, Vol. 85, pp. 208-228
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“The Expected Inflation Channel of Government Spending in the Postwar U.S.”
with Rong Li
European Economic Review, February 2015, Vol. 74, pp. 36-56
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“The Analytics of Technology News Shocks”
with M. Saif Mehkari
Journal of Economic Theory, September 2014, Vol. 153, pp. 392-427
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“The American Recovery and Reinvestment Act: Solely a Government Jobs Program?”
with Timothy Conley
Journal of Monetary Economics, July 2013, Vol. 60, No. 5, pp. 535-549
“Integrating Sticky Information and Sticky Prices”
with Tomiyuki Kitamura and Takayuki Tsuruga
Review of Economics and Statistics, August 2010, Vol. 92, No. 3, pp. 657-669
“A Spatial Analysis of Sectoral Complementarity”
with Timothy Conley
Journal of Political Economy, April 2003, Vol. 111, No. 2, pp. 311-352
“Jealousy and Equilibrium Overconsumption”
with Wen-Fang Liu
American Economic Review, March 2003, Vol. 93, No. 1, pp. 423-428
“Examining Long and Variable Lags in Monetary Policy”
Federal Reserve Bank of St. Louis The Regional Economist, Second Quarter 2023
“Increasing Employment by Halting Pandemic Unemployment Benefits”
with Iris Arbogast
Federal Reserve Bank of St. Louis Review, Third Quarter 2022
“Employment Fluctuations and the World Oil Market”
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2022
“Employment Effects of Pandemic Emergency Unemployment Benefits: Incentives Matter”
with Iris Arbogast
Federal Reserve Bank of St. Louis The Regional Economist, Third Quarter 2022
“Which States Are Driving U.S. Employment Growth?”
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2021
“Schools and Stimulus”
with M. Saif Mehkari
Federal Reserve Bank of St. Louis Review, Second Quarter 2020
“Possible Fiscal Policies for Rare, Unanticipated, and Severe Viral Outbreaks”
Federal Reserve Bank of St. Louis Economic Synopses, 2020, No. 6
“The Cyclicality of the Aging U.S. Motor Vehicle Fleet”
Federal Reserve Bank of St. Louis Economic Synopses, 2019, No. 26
“Auto Sales and the 2007-09 Recession”
Federal Reserve Bank of St. Louis Economic Synopses, 2019, No. 16
“So, Why Didn’t the 2009 Recovery Act Improve the Nation’s Highways and Bridges?”
Federal Reserve Bank of St. Louis Review, Second Quarter 2017
“Why the 2009 Recovery Act Didn’t Improve the Nation’s Highways”
with Jack Garton
Federal Reserve Bank of St. Louis Economic Synopses, 2017, No. 14
“The 2009 Recovery Act: Directly Created and Saved Jobs Were Primarily in Government”
Federal Reserve Bank of St. Louis Review, Second Quarter 2014
“Decomposing the Government Transfer Multiplier” (PDF)
with Timothy Conley, Rong Li, and Yijiang Zhou
Federal Reserve Bank of St. Louis Working Paper 2023-017C, November 2023
“The Sine Aggregatio Approach to Applied Macro” (PDF)
with Timothy Conley and Mahdi Ebsim
Federal Reserve Bank of St. Louis Working Paper 2022-014B, November 2022
“The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis” (PDF)
with Iris Arbogast
Federal Reserve Bank of St. Louis Working Paper 2022-010B, February 2023
“The Local-Spillover Decomposition of an Aggregate Causal Effect” (PDF)
with Timothy Conley, Mahdi Ebsim, Jingchao Li, and Peter B. McCrory
Federal Reserve Bank of St. Louis Working Paper 2021-006A, May 2021
“A Local-Spillover Decomposition of the Causal Effect of U.S. Defense Spending Shocks” (PDF)
with Timothy Conley, Mahdi Ebsim, Jingchao Li, and P eter B. McCrory
Federal Reserve Bank of St. Louis Working Paper 2020-014A, June 2020
“The 2008 U.S. Auto Market Collapse” (PDF)
with Rong Li, M. Saif Mehkari, and Yi-Chan Tsai
Federal Reserve Bank of St. Louis Working Paper 2020-004A, January 2020
“Regional Consumption Responses and the Aggregate Fiscal Multiplier” (PDF)
with Marios Karabarbounis, Marianna Kudlyak, and M. Saif Mehkari
Federal Reserve Bank of St. Louis Working Paper 2018-004D, April 2022
“Local Fiscal Multipliers, Negative Spillovers and the Macroeconomy” (PDF)
Federal Reserve Bank of St. Louis Working Paper 2015-026A, September 2015
“Creating Jobs Via the 2009 Recovery Act: State Medicaid Grant Compared to Broadly-Directed Spending” (PDF)
Federal Reserve Bank of St. Louis Working Paper 2013-035A, November 2013
Bill Dupor is a senior economic policy advisor in the Research division of the Federal Reserve Bank of St. Louis, which he joined in June 2013. Dupor’s research expertise is in fiscal policy, macroeconomics, monetary economics, and dynamic economics. He received his Ph.D. in economics from the University of Chicago in 1997. His research has been published in many journals, including American Economic Review, Journal of Political Economy, Journal of Monetary Economics, Review of Economics and Statistics, and Economic Journal. Prior to joining the Federal Reserve Bank of St. Louis, he was an associate professor at The Ohio State University.
