Michael E. Waugh
Monetary Advisor
Michael Waugh joined the Federal Reserve Bank of Minneapolis in 2020 as a monetary advisor. He is also a Professor of Economics and the William R. Berkley Term Professor of Economics and Business at New York University's Stern School of Business and a research associate at the National Bureau of Economic Research. Previously, he was a visiting professor at the Center for Monetary and Financial Studies in Madrid, Spain and a research economist at the Federal Reserve Bank of Minneapolis.
Michael received a B.A. from Saint Anselm College, an M.A. from Fordham University, and a Ph.D. from the University of Iowa. His research concerns the relationship between international trade and growth and development. Recently his research has focused on trade-induced distributional issues and the US-China trade war.
Michael has published articles in venues such as the American Economic Review, Quarterly Journal of Economics, Journal of Monetary Economics and the Journal of International Economics. He currently serves as an associate editor for the International Economic Review.
Refereed Publications
Equilibrium Technology Diffusion, Trade, and Growth
2021 | American Economic Review, 111(1): 73-128 | With Jesse Perla and Christopher Tonetti
Can Global Uncertainty Promote International Trade?
2020 | Journal of International Economics, 126: article 103347 | With Isaac Baley and Laura Veldkamp
Migration Costs and Observational Returns to Migration in the Developing World
2020 | Journal of Monetary Economics, 113: 138-154 | With David Lagakos, Samuel Marshall, Ahmed Mushfiq Mobarak, and Corey Vernot
International Trade and Intertemporal Substitution
2019 | Journal of International Economics, 117: 158-174 | With Fernando Leibovici
Redistributing the Gains From Trade Through Progressive Taxation
2018 | Journal of International Economics, 115: 185-202 | With Spencer Lyon
Firm Dynamics and Immigration: The Case of High-Skilled Immigration
2018 | High-Skilled Migration to the United States and Its Economic Consequences, Gordon H. Hanson, William R. Kerr, and Sarah Turner, eds., ch. 6, pp. 205-238
Measuring Openness to Trade
2016 | Journal of Economic Dynamics and Control, 72: 29-41 | With B. Ravikumar
Agricultural Productivity Differences across Countries
2014 | American Economic Review, Papers and Proceedings, 104(5): 165-170 | With Douglas Gollin and David Lagakos
The Agricultural Productivity Gap
2014 | The Quarterly Journal of Economics, 129(2): 939-993 | With Douglas Gollin and David Lagakos
The Elasticity of Trade: Estimates and Evidence
2014 | Journal of International Economics, 92(1): 34-50 | With Ina Simonovska
Selection, Agriculture, and Cross-Country Productivity Differences
2013 | American Economic Review, 103(2): 948-980 | With David Lagakos
International Trade and Income Differences
2010 | American Economic Review, 100(5): 2093-2124
