Meet the Researchers
Michael G. Palumbo
Education
- Ph.D., Economics, University of Virginia, 1992
- M.A., Economics, University of Virginia, 1988
- B.S., Mathematical Economics, Wake Forest University, 1986
- Causes and Consequences of Household Leverage
- Financial Stability and Macroprudential Policy
Economist
Board of Governors of the Federal Reserve System
1999 - presentAssistant Professor and Associate Professor
Department of Economics, University of Houston
1991 - 2000
- Where’s the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household's Financial Obligations
Andrew C. Chang, Joanne W. Hsu, Sarah J. Pack, and Michael G. Palumbo
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2213 - Mapping Heat in the U.S. Financial System
David Aikman, Michael T. Kiley, Seung Jung Lee, Michael G. Palumbo, and Missaka N. Warusawitharana
Journal of Banking & Finance (2017)
https://doi.org/10.1016/j.jbankfin.2017.04.013
See also » FRB Working Paper (2015) - Financial Statistics for the United States and the Crisis: What Did They Get Right, What Did They Miss, and How Could They Change?
Matthew J. Eichner, Kohn, and Donald L.Michael G. Palumbo
Measuring Wealth and Financial Intermediation and Their Links to the Real Economy (2015)
See also » FRB Working Paper (2010) - The Finances of American Households in the Past Three Recessions: Evidence from the Survey of Consumer Finances
Kevin B. Moore and Michael G. Palumbo
Finance and Economics Discussion Series (2010)
https://doi.org/10.17016/FEDS.2010.06 - The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?
Michael G. Palumbo and Jonathan A. Parker
American Economic Review: Papers and Proceedings (2009)
https://doi.org/10.1257/aer.99.2.80 - The Effects of Population Aging on the Relationship among Aggregate Consumption, Saving, and Income
Karen E. Dynan, Wendy Edelberg, and Michael G. Palumbo
American Economic Review: Papers and Proceedings (2009)
https://doi.org/10.1257/aer.99.2.380 - The Trajectory of Wealth in Retirement
David A. Love, Michael G. Palumbo, and Paul A. Smith
Journal of Public Economics (2009)
https://doi.org/10.1016/j.jpubeco.2008.09.003
See also » FRB Working Paper (2008) - The Price of Residential Land in Large US Cities
Morris A. Davis and Michael G. Palumbo
Journal of Urban Economics (2008)
https://doi.org/10.1016/j.jue.2007.02.003
See also » FRB Working Paper (2006) - Consumption Smoothing among Working-Class American Families before Social Insurance
John A. James, Michael G. Palumbo, and Mark Thomas
Oxford Economic Papers (2007)
https://doi.org/10.1093/oep/gpm007
See also » FRB Working Paper (1999) - On the Relationships between Real Consumption, Income, and Wealth
Michael Palumbo, Jeremy B. Rudd, and Karl Whelan
Journal of Business & Economic Statistics (2006)
https://doi.org/10.1198/073500105000000225
See also » FRB Working Paper (2002) - Have American Workers always been Low Savers? Patterns of Accumulation among Working Households, 1885-1910
John A. James, Michael G. Palumbo, and Mark Thomas
Research in Economic History (2005)
https://doi.org/10.1016/S0363-3268(05)23004-5 - Integrated Macroeconomic Accounts for the United States: Draft SNA-USA
Albert Teplin, Charles Mead, Brent Moulton, Rochelle Antoniewicz, Susan McIntosh, Michael Palumbo, and Genevieve Solomon
BEA Working Paper Series (2005)
See also » FRB Working Paper (2004) - Integrated Macroeconomic Accounts for the United States: Draft SNA-USA
Rochelle Antoniewicz, Susan Hume McIntosh, Charles Ian Mead, Karin Moses, Brent Moulton, Michael Palumbo, Genevieve Solomon, and Albert M. Teplin
Finance and Economics Discussion Series (2004)
https://doi.org/10.17016/FEDS.2004.54 - Precautionary Saving and Social Learning Across Generations: An Experiment
T. Parker Ballinger, Michael G. Palumbo, and Nathaniel T. Wilcox
Economic Journal (2003)
https://doi.org/10.1111/1468-0297.t01-1-00158 - Distributive Analysis of Fundamental Tax Reform
Peter Mieszkowski and Michael G. Palumbo
United States tax reform in the twenty-first century (2002) - Disentangling the Wealth Effect: A Cohort Analysis of Household Saving in the 1990s
Dean M. Maki and Michael G. Palumbo
Finance and Economics Discussion Series (2001)
https://doi.org/10.17016/FEDS.2001.21 - A Primer on the Economics and Time Series Econometrics of Wealth Effects
Morris A. Davis and Michael G. Palumbo
Finance and Economics Discussion Series (2001)
https://doi.org/10.17016/FEDS.2001.09 - Estimating the Effects of Earnings Uncertainty on Families' Saving and Insurance Decisions
Michael G. Palumbo
Southern Economic Journal (2000)
https://doi.org/10.2307/1061613 - Retirement Saving before Social Security
Mark Thomas, John A. James, and Michael G. Palumbo
Proceedings of the Annual Conference on Taxation (1999) - Policy Interaction in the Provision of Unemployment Insurance and Low-Income Assistance by State Governments
Steven G. Craig and Michael G. Palumbo
Journal of Regional Science (1999)
https://doi.org/10.1111/1467-9787.00133 - Uncertain Medical Expenses and Precautionary Saving Near the End of the Life Cycle
Michael G. Palumbo
Review of Economic Studies (1999)
https://doi.org/10.1111/1467-937X.00092 - Simulation of Multinomial Probit Probabilities and Imputation of Missing Data
Victor Lavy, Michael Palumbo, and Steven Stern
Messy data--Missing observations, outliers, and mixed-frequency data (1998) - Optimal Intertemporal Consumption Decisions under the Threat of Starvation
Gerhard Glomm and Michael G. Palumbo
Journal of Development Economics (1993)
https://doi.org/10.1016/0304-3878(93)90021-E - Health Uncertainty and Optimal Consumption Near the End of the Life Cycle
Michael Palumbo
University of Virginia (1992)
conference
May 2015Chief Economist Workshop on "The Future of Money", Centre for Central Banking Studies, Bank of England
Strategies for Improving the U.S. Payments System
conference
October 2013Confernce on "New Perspectives on Consumer Behavior in Credit and Payment Markets," Federal Reserve Bank of Philadelphia
Discussion of "Financial Constraints and Consumers' Response to Cash-Flow News: Direct Evidence from Federal Tax Return Filings" by Brian Baugh, et al
conference
September 2012Conference on "Improving Data and Analysis for Financial Stability," Federal Reserve Bank of Philadelphia
A Framework for Monitoring Systemic (Financial) Risks
conference
March 2011Conference on "Household Portfolio Choice and Investment Decisions," The Wharton School of the University of Pennsylvania
A Perspective on Housing and Mortgage Markets in the U.S. Five Years after the Peak
conference
November 2010Annual Research Conference of the National Tax Association, Denver, Colorado
Quantifying the Role of Federal and State Taxes in Mitigating Income Inequality
conference
November 2010Conference on Research in Income and Wealth, "Wealth, Financial Intermediation, and the Real Economy," Washington, DC
Financial Statistics for the United States and the Crisis: What Did They Get Right, What Did They Miss, and How Should They Change?
conference
October 20105th European Central Bank Conference on Statistics, "Central Bank Statistics: What Did the Financial Crisis Change?" Frankfurt, Germany
Financial Statistics for the United States and the Crisis: What Did They Get Right, What Did They Miss, and How Should They Change?
conference
April 2010Annual Research Conference of the Royal Economic Society, Surry, England
The Finances of American Households in the Past Three Recessions: Evidence from the Survey of Consumer Finances
seminar
March 2010Institute for Fiscal Studies, London, England
Understanding the Distribution of Wealth at Retirement: Is It What Folks Earned or What They Did with It?
conference
October 2009Conference on "Household Finance and Macroeconomics," Banco de Espana, Madrid, Spain
The Finances of American Households in the Past Three Recessions: Evidence from the Survey of Consumer Finances
conference
March 2009Conference on "Housing, Debt, and Financial Market Expectations," Judge School of Business at the University of Cambridge, Cambridge, England
Home Prices and the Supply of Mortgage Credit: Feedback in the U.S. Housing Market Boom and Bust
conference
February 20092nd IMF Roundtable Meeting to Enhance Collaboration on Financial Stability Analysis, Bank for International Settlements, Basel, Switzerland
A Case Study of Financial Stability Analysis and Policy Reform: The Run on U.S. Money Market Funds in September 2008
conference
January 2009Annual Research Conference of the American Economic Association, San Francisco, CA
The Effects of Population Aging on the Relationship among Aggregate Consumption, Saving, and Income
conference
January 2009Annual Research Conference of the American Economic Association, San Francisco, CA
The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?
Conference Organization
November 2010 | Board of Governors of the Federal Reserve System
NBER/CRIW Conference on "Wealth, Financial Intermediation, and the Real Economy"
Co-organizer with C. Hulten and M. Reinsdorf
Referee
- American Economic Review
- American Economic Journal: Economic Policy
- Journal of Applied Econometrics
- Journal of Business and Economic Statistics
- Journal of Human Resources
- Journal of Political Economy
- Quarterly Journal of Economics
- Review of Economics and Statistics
Professional Affiliation
- American Economic Association (AEA)
- Conference on Research in Income and Wealth