Professor Daniel Levy
William Gittes Chair of Macroeconomics
My general research areas are: macroeconomics, industrial organization, time series econometrics, and political economy. My current research interests include: price rigidity/flexibility, sticky prices, cost of price adjustment (menu costs), asymmetric price adjustment, psychological aspects of pricing, price points and 9-ending prices, implicit contracts, non-price adjustment mechanisms, business cycles, economic growth and income convergence, and housing markets. My current projects include: Asymmetric Price Adjustment, Menu Costs, Testing Sticky Information Models, Multi-unit Housing Construction under Regulation, Economic Training and Rationality, Shock Persistence and Volatility of the Prewar and Postwar Output.
Research Areas
New Keynesian Macroeconomics
Price Rigidity, Price Setting, Price Adjustment, and Cost of Price Adjustment
Time Series Econometrics
Frequency Domain, Spectral Analysis, Shock Persistence and Volatility, and Linearly Interpolated Time Series
Growth and Convergence
Economic Growth, Income Convergence, Beta-Convergence vs Sigma-Convergence
Political Economy
Political Economy, Efficiency-Enhancing Corruption, Item Price Laws, and Political Business Cycles
Recent Publications
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