Research Interests
economic growth, innovation, labor economics, text-as-data, natural language processingSelected Work
“Text as Data in Economic Analysis”
with Tarek A. Hassan, Stephan Hollander, Laurence van Lent, Markus Schwedeler, and Ahmed Tahoun
Journal of Economic Perspectives, Summer 2025, Vol. 39, No. 3, pp. 193-220
Related working paper (PDF)
“The Diffusion of New Technologies”
with Nicholas Bloom, Marcela Carvalho, Tarek Hassan, Josh Lerner, and Ahmed Tahoun
Quarterly Journal of Economics, May 2025, Vol. 140, No. 2, pp. 1299-1365
Related working paper (PDF)
“AI Hype or Reality? Shifts in Corporate Investment after ChatGPT”
with Serdar Ozkan, Mickenzie Bass, and Mick Dueholm
On the Economy, October 3, 2024
“AI Optimism and Uncertainty: What Can Earnings Calls Tell Us Post-ChatGPT?”
with Serdar Ozkan, Mickenzie Bass and Mick Dueholm
On the Economy, September 30, 2024
“Uneven Innovation in the U.S.”
Federal Reserve Bank of St. Louis Economic Synopses, 2024, No. 11
“The Innovation Puzzle: Patents and Productivity Growth”
Federal Reserve Bank of St. Louis Economic Synopses, 2024, No. 7
“New Technologies and the College Premium” (PDF)
with Tarek A. Hassan and Pascual Restrepo
Federal Reserve Bank of St. Louis Working Paper 2025-022A, March 2025
“Theory Meets Textual Analysis: Measuring Firm-Level Labor Cost Pressures and Inflation Pass-Through” (PDF)
with Serdar Ozkan
Federal Reserve Bank of St. Louis Working Paper 2025-021A, July 2025
“The Creativity Decline: Evidence from US Patents” (PDF)
Federal Reserve Bank of St. Louis Working Paper 2024-008A, April 2024
Aakash Kalyani is an economist in the Research division of the Federal Reserve Bank of St. Louis, which he joined in August 2023. His research focuses on economic growth, innovation, and labor economics. He also extensively uses text-as-data and natural language processing in his research. He received his Ph.D. in economics from Boston University in 2023 and a master's degree in economics (2015) from the University of Delhi.