

Thomas J. HolmesConsultant
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Thomas Holmes joined the Bank as an economist in 1993. He is currently a research consultant in the Research Department and holds the Curtis L. Carlson Chair in Economics at the University of Minnesota. Before joining the Bank, he taught at the University of Wisconsin–Madison.
Tom’s research focuses on industrial organization, urban economics, and international trade. One recent publication in the Journal of Political Economy examines the differential effects of international trade on small and large manufacturing plants. Another recent publication in Econometrica examines the rapid spread of Wal-Mart stores.
Tom received his Ph.D. in economics from Northwestern in 1985, and a B.S. in economics and B.A. in mathematics from the University of Pennsylvania in 1981. In 2011, he was elected a Fellow of the Econometric Society. He is current president of the Midwest Economics Association and past president of the Urban Economics Association. He is also a research associate at the National Bureau of Economic Research.
Content by Thomas
- Working Paper 739 (March 2017)Thomas J. Holmes and Ethan Singer
- Staff Report 486 (February 2015)Thomas J. Holmes, Ellen R. McGrattan, and Edward C. Prescott
Published in: Review of Economic Studies (2015, pp. 1-40) https://doi.org/10.1093/restud/rdv008.
See related papers:
Staff Report 396: Openness, Technology Capital, and Development
Staff Report 406: Technology Capital and the U.S. Current Account
Staff Report 487: Technical Appendix for Quid Pro Quo: Technology Capital Transfers for Market Access in China
Staff Report 488: Patent Data Appendix for Quid Pro Quo: Technology Capital Transfers for Market Access in China[Additional Files](https://researchdatabase.minneapolisfed.org/downloads/0k225b05z?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Staff Report 487 (August 2014)Edward C. Prescott, Ellen R. McGrattan, and Thomas J. Holmes
Published in: Review of Economic Studies (2015, pp. 1-40) https://doi.org/10.1093/restud/rdv008.
See related papers:
Staff Report 486: Quid Pro Quo: Technology Capital Transfers for Market Access in China
Staff Report 488: Patent Data Appendix for Quid Pro Quo: Technology Capital Transfers for Market Access in China[Additional Files](https://researchdatabase.minneapolisfed.org/downloads/0k225b05z?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Staff Report 501 (July 2014)Thomas J. Holmes and Lee E. Ohanian
- Staff Report 488 (July 2013)Edward C. Prescott, Ellen R. McGrattan, and Thomas J. Holmes
Published in: Review of Economic Studies (2015, pp. 1-40) https://doi.org/10.1093/restud/rdv008.
See related papers:
Staff Report 486: Quid Pro Quo: Technology Capital Transfers for Market Access in China
Staff Report 487: Technology Appendix for Quid Pro Quo: Technology Capital Transfers for Market Access in China - Working Paper 687 (November 2011)Edward C. Prescott, Ellen R. McGrattan, and Thomas J. Holmes
- Staff Report 445 (April 2010)Thomas J. Holmes and John J. Stevens
- Staff Report 439 (February 2010)James A. Schmitz, Jr. and Thomas J. Holmes
Published in: Annual Review of Economics (Vol. 2, September 2010, pp. 619-642) https://doi.org/10.1146/annurev.economics.102308.124407.
- Working Paper 668 (June 2009)Thomas J. Holmes, Soohyung Lee, and Sanghoon Lee
Published in: The Review of Economics and Statistics (Vol. 94, No. 1, February 2012, pp. 1-19), https://doi.org/10.1162/REST_a_00149.
- Working Paper 669 (March 2009)Thomas J. Holmes and Julia Thornton Snider
Published in: American Economic Journal: Microeconomics (Vol. 3, No. 2: pp. 38-59), https://doi.org/10.1257/mic.3.2.38.
- Staff Report 402 (December 2008)James A. Schmitz, Jr., Thomas J. Holmes, and David K. Levine
Published in: American Economic Journal: Microeconomics (Vol. 4, No. 3, August 2012, pp. 1-33) https://doi.org/10.1257/mic.4.3.1.
- Staff Report 368 (January 2006)Thomas J. Holmes
- Staff Report 325 (October 2003)Thomas J. Holmes and Matthew F. Mitchell
Published in: RAND Journal of Economics (Vol. 39, No. 2, Summer 2008, pp. 329-351) https://doi.org/10.1111/j.0741-6261.2008.00017.x.
- Staff Report 304 (April 2002)Thomas J. Holmes and John J. Stevens
- Staff Report 298 (January 2002)Thomas J. Holmes
- Quarterly Review 2521 | Spring 2001 (Vol. 25 No. 2)James A. Schmitz, Jr. and Thomas J. Holmes
- Staff Report 264 (March 2000)Thomas J. Holmes and Gautam Gowrisankaran
- Staff Report 261 (May 1999)Thomas J. Holmes
Published in: RAND Journal of Economics (Vol. 32, No. 4, Winter 2001, pp. 708-725)
- Staff Report 245 (March 1998)James A. Schmitz, Jr. and Thomas J. Holmes
- Staff Report 221 (November 1996)Thomas J. Holmes
- Staff Report 219 (October 1996)Thomas J. Holmes
Published in: Journal of Urban Economics (Vol. 45, No. 2, March 1999, pp. 240-263) https://doi.org/10.1006/juec.1998.2096.
- Staff Report 205 (September 1996)Thomas J. Holmes
Published in: Journal of Political Economy (Vol. 106, No. 4, August 1998, pp. 667-705) https://doi.org/10.1086/250026.
- Working Paper 544 (May 1995)Thomas J. Holmes
Published in: Quarterly Review, (Vol. 19, No. 2, pp. 29-39).
- Quarterly Review 1922 | Spring 1995 (Vol. 19 No. 2)Thomas J. Holmes
- Staff Report 190 (April 1995)Thomas J. Holmes
Published in: Review of Economics and Statistics (Vol. 81, No. 2, May 1999, pp. 314-325) https://doi.org/10.1162/003465399558102.
- Working Paper 545 (March 1995)James A. Schmitz, Jr. and Thomas J. Holmes
Published in: Journal of Political Economy (Vol. 103, Issue 5, October 1995, pp. 1005-1038), https://doi.org/10.1086/262011.
Published in: Innovation, Evolution of Industry and Economic Growth, D. B. Audretsch, S. Klepper, Eds., (Vol. 2, 2000, pp. 29-62). - Quarterly Review 1911 | Winter 1995 (Vol. 19 No. 1)James A. Schmitz, Jr. and Thomas J. Holmes
- Staff Report 184 (October 1994)James A. Schmitz, Jr. and Thomas J. Holmes