Details about Giorgio Topa

E-mail:
Homepage:	http://www.newyorkfed.org/research/economists/topa/index.html
Workplace:	Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC) Federal Reserve Bank of New York, (more information at EDIRC) Institute of Labor Economics (IZA), (more information at EDIRC)

Access statistics for papers by Giorgio Topa.

Last updated 2024-10-08. Update your information in the RePEc Author Service.

Short-id: pto149

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Working Papers

2024

1. The Anatomy of Labor Demand Pre‑ and Post‑COVID
   Liberty Street Economics, Federal Reserve Bank of New York
2. The Survey of Consumer Expectations: A Look Back at the Past Decade
   Liberty Street Economics, Federal Reserve Bank of New York

2023

3. Consumers’ Perspectives on the Recent Movements in Inflation
   Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
4. Estimates of Cost-Price Passthrough from Business Survey Data
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
   Also in Working Papers, Federal Reserve Bank of Cleveland (2023) View citations (1)
   Staff Reports, Federal Reserve Bank of New York (2023) View citations (1)
   Working Papers, Federal Reserve Bank of Cleveland (2023) View citations (1)
5. How Do Firms Adjust Prices in a High Inflation Environment?
   Liberty Street Economics, Federal Reserve Bank of New York
6. What Has Driven the Labor Force Participation Gap since February 2020?
   Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
7. Why Do Forecasters Disagree about Their Monetary Policy Expectations?
   Liberty Street Economics, Federal Reserve Bank of New York

2022

8. A New Approach to Assess Inflation Expectations Anchoring Using Strategic Surveys
   Staff Reports, Federal Reserve Bank of New York View citations (16)
   See also Journal Article A new approach to assess inflation expectations anchoring using strategic surveys, Journal of Monetary Economics, Elsevier (2022) View citations (11) (2022)
9. New SCE Charts Include a Measure of Longer-Term Inflation Expectations
   Liberty Street Economics, Federal Reserve Bank of New York
10. The Curious Case of the Rise in Deflation Expectations
    Staff Reports, Federal Reserve Bank of New York
11. What Are Consumers’ Inflation Expectations Telling Us Today?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
12. What Do Consumers Think Will Happen to Inflation?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2021

13. COVID-19 and Small Businesses: Uneven Patterns by Race and Income
    Liberty Street Economics, Federal Reserve Bank of New York
14. Have Consumers’ Long-Run Inflation Expectations Become Un-Anchored?
    Liberty Street Economics, Federal Reserve Bank of New York
15. Job Seekers’ Beliefs and the Causes of Long-Term Unemployment
    Liberty Street Economics, Federal Reserve Bank of New York
16. Job seekers’ perceptions and employment prospects: heterogeneity, duration dependence, and bias
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (58)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (14)
    See also Journal Article Job Seekers' Perceptions and Employment Prospects: Heterogeneity, Duration Dependence, and Bias, American Economic Review, American Economic Association (2021) View citations (63) (2021)
17. Racial and Income Gaps in Consumer Spending following COVID-19
    Liberty Street Economics, Federal Reserve Bank of New York
18. The Heterogeneous Impact of Referrals on Labor Market Outcomes
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2021) View citations (3)

2020

19. Coronavirus Outbreak Sends Consumer Expectations Plummeting
    Liberty Street Economics, Federal Reserve Bank of New York View citations (5)
20. Did State Reopenings Increase Consumer Spending?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
21. How Did Market Perceptions of the FOMC’s Reaction Function Change after the Fed’s Framework Review?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
22. How Did State Reopenings Affect Small Businesses?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
23. How Economic Crises Affect Inflation Beliefs: Evidence from the COVID-19 Pandemic
    Staff Reports, Federal Reserve Bank of New York View citations (7)
    See also Journal Article How economic crises affect inflation beliefs: Evidence from the Covid-19 pandemic, Journal of Economic Behavior & Organization, Elsevier (2021) View citations (45) (2021)
24. How Robust Are Makeup Strategies to Key Alternative Assumptions?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (13)
25. How Widespread Is the Impact of the COVID-19 Outbreak on Consumer Expectations?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
26. Inflation Expectations in Times of COVID-19
    Liberty Street Economics, Federal Reserve Bank of New York View citations (5)
27. Is the Tide Lifting All Boats? A Closer Look at the Earnings Growth Experiences of U.S. Workers
    Liberty Street Economics, Federal Reserve Bank of New York
28. The Shadow Margins of Labor Market Slack
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article The Shadow Margins of Labor Market Slack, Journal of Money, Credit and Banking, Blackwell Publishing (2020) View citations (8) (2020)

2018

29. Do the Employed Get Better Job Offers?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
30. Job Referrals and Skills
    2018 Meeting Papers, Society for Economic Dynamics View citations (1)
31. Whither Labor Force Participation?
    Liberty Street Economics, Federal Reserve Bank of New York

2017

32. How Do People Find Jobs?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
33. How Much Is Priced In? Market Expectations for FOMC Rate Hikes from Different Angles
    Liberty Street Economics, Federal Reserve Bank of New York
34. Job Search Behavior among the Employed and Non-Employed
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (71)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (52)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (5)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (4)
    See also Journal Article Job Search Behavior Among the Employed and Non‐Employed, Econometrica, Econometric Society (2022) View citations (14) (2022)
35. Job Search and the Gender Wage Gap
    2017 Meeting Papers, Society for Economic Dynamics

2016

36. An overview of the Survey of Consumer Expectations
    Staff Reports, Federal Reserve Bank of New York View citations (10)
    See also Journal Article An overview of the Survey of Consumer Expectations, Economic Policy Review, Federal Reserve Bank of New York (2017) View citations (46) (2017)
37. How Do People Revise Their Inflation Expectations?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (3)
38. Subjective Intertemporal Substitution
    2016 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2015) View citations (28)
    See also Journal Article Subjective intertemporal substitution, Journal of Monetary Economics, Elsevier (2022) View citations (22) (2022)
39. Who Is Driving the Recent Decline in Consumers Inflation Expectations?
    Liberty Street Economics, Federal Reserve Bank of New York
40. Working Hard in the Wrong Place: A Mismatch-Based Explanation to the UK Productivity Puzzle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2016) View citations (28)
    Staff Reports, Federal Reserve Bank of New York (2016) View citations (21)
    See also Journal Article Working hard in the wrong place: A mismatch-based explanation to the UK productivity puzzle, European Economic Review, Elsevier (2016) View citations (26) (2016)

2015

41. Searching for Higher Wages
    Liberty Street Economics, Federal Reserve Bank of New York
42. The Survey of Consumer Expectations Turns Two!
    Liberty Street Economics, Federal Reserve Bank of New York

2014

43. Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (17)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (25)
    Staff Reports, Federal Reserve Bank of New York (2012) View citations (15)
    See also Journal Article Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System, Journal of Labor Economics, University of Chicago Press (2016) View citations (80) (2016)
44. Neighborhood and Network Effects
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    See also Chapter Neighborhood and Network Effects, Handbook of Regional and Urban Economics, Elsevier (2015) View citations (48) (2015)
45. Why Is the Job-Finding Rate Still Low?
    Liberty Street Economics, Federal Reserve Bank of New York

2013

46. Introducing the FRBNY Survey of Consumer Expectations: Household Finance Expectations
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
47. Introducing the FRBNY Survey of Consumer Expectations: Labor Market Expectations
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
48. Introducing the FRBNY Survey of Consumer Expectations: Measuring Price Inflation Expectations
    Liberty Street Economics, Federal Reserve Bank of New York View citations (3)
49. Introducing the FRBNY Survey of Consumer Expectations: Survey Goals, Design and Content
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2012

50. Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs?
    2012 Meeting Papers, Society for Economic Dynamics
    Also in Staff Reports, Federal Reserve Bank of New York (2011) View citations (9)
    Liberty Street Economics, Federal Reserve Bank of New York (2011) View citations (33)
    See also Journal Article INFLATION EXPECTATIONS AND BEHAVIOR: DO SURVEY RESPONDENTS ACT ON THEIR BELIEFS?, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2015) View citations (88) (2015)
51. Measuring Mismatch in the US Labor Market
    2012 Meeting Papers, Society for Economic Dynamics View citations (7)
52. Mismatch Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Staff Reports, Federal Reserve Bank of New York (2012) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (21)
    See also Journal Article Mismatch Unemployment, American Economic Review, American Economic Association (2014) View citations (119) (2014)
53. Nudging Inflation Expectations: An Experiment
    Liberty Street Economics, Federal Reserve Bank of New York
54. The price is right: updating of inflation expectations in a randomized price information experiment
    Staff Reports, Federal Reserve Bank of New York View citations (27)
    See also Journal Article The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment, The Review of Economics and Statistics, MIT Press (2016) View citations (168) (2016)

2011

55. Do Referrals Lead to Better Matches? Evidence from a Firm's Employee
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)
56. Expectations of inflation: the biasing effect of thoughts about specific prices
    Staff Reports, Federal Reserve Bank of New York View citations (47)
    See also Journal Article Expectations of inflation: The biasing effect of thoughts about specific prices, Journal of Economic Psychology, Elsevier (2011) View citations (50) (2011)
57. The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Staff Reports, Federal Reserve Bank of New York (2011) View citations (11)
58. What Is Driving the Recent Rise in Consumer Inflation Expectations?
    Liberty Street Economics, Federal Reserve Bank of New York

2010

59. Mismatch in the Labor Market
    2010 Meeting Papers, Society for Economic Dynamics View citations (8)
60. The effect of question wording on reported expectations and perceptions of inflation
    Staff Reports, Federal Reserve Bank of New York View citations (9)

2009

61. Cultural transmission, socialization and the population dynamics of multiple-trait distributions
    PSE-Ecole d'économie de Paris (Postprint), HAL View citations (24)
    Also in Post-Print, HAL (2009) View citations (22)
    See also Journal Article Cultural transmission, socialization and the population dynamics of multiple‐trait distributions, International Journal of Economic Theory, The International Society for Economic Theory (2009) View citations (31) (2009)
62. Household inflation experiences in the U.S.: a comprehensive approach
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
63. Measuring consumer uncertainty about future inflation
    Staff Reports, Federal Reserve Bank of New York View citations (7)
    See also Journal Article Measuring consumer uncertainty about future inflation, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2011) View citations (69) (2011)
64. Neighborhood Effects: Accomplishments and Looking Beyond Them
    Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University View citations (7)
    See also Journal Article NEIGHBORHOOD EFFECTS: ACCOMPLISHMENTS AND LOOKING BEYOND THEM*, Journal of Regional Science, Wiley Blackwell (2010) View citations (48) (2010)
65. Peer Effects vs Personal Preferences in Smoking Choices: Estimating a Social Interactions Model
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)

2008

66. Rethinking the measurement of household inflation expectations: preliminary findings
    Staff Reports, Federal Reserve Bank of New York View citations (27)

2007

67. Risk Sharing, Informal Networks and Living Arrangements
    2007 Meeting Papers, Society for Economic Dynamics

2006

68. The Empirical Content of Models with Multiple Equilibria
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)

2005

69. Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2005) View citations (58)
    Working papers, University of Connecticut, Department of Economics (2005) View citations (61)
    Working Papers, Economic Growth Center, Yale University (2005) View citations (81)
    Working Papers, U.S. Census Bureau, Center for Economic Studies (2005) View citations (58)
    See also Journal Article Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes, Journal of Political Economy, University of Chicago Press (2008) View citations (516) (2008)

2001

70. Does Microcredit Reach the Poor and Vulnerable? Evidence from Northern Bangladesh
    CID Working Papers, Center for International Development at Harvard University View citations (6)
    Also in CID Working Papers, Center for International Development at Harvard University (1999) View citations (29)
    Working Papers, Chicago - Graduate School of Business (2000) View citations (2)
    See also Journal Article Does microcredit reach the poor and vulnerable? Evidence from northern Bangladesh, Journal of Development Economics, Elsevier (2003) View citations (137) (2003)

1997

71. Social Interactions, Local Spillovers and Unemployment
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (16)
    See also Journal Article Social Interactions, Local Spillovers and Unemployment, The Review of Economic Studies, Review of Economic Studies Ltd (2001) View citations (456) (2001)

Journal Articles

2024

1. Gasoline price changes and consumer inflation expectations: Experimental evidence
   Journal of Economic Behavior & Organization, 2024, 220, (C), 66-80

2022

2. A new approach to assess inflation expectations anchoring using strategic surveys
   Journal of Monetary Economics, 2022, 129, (S), S82-S101 View citations (11)
   See also Working Paper A New Approach to Assess Inflation Expectations Anchoring Using Strategic Surveys, Staff Reports (2022) View citations (16) (2022)
3. Job Search Behavior Among the Employed and Non‐Employed
   Econometrica, 2022, 90, (4), 1743-1779 View citations (14)
   See also Working Paper Job Search Behavior among the Employed and Non-Employed, IZA Discussion Papers (2017) View citations (71) (2017)
4. Subjective intertemporal substitution
   Journal of Monetary Economics, 2022, 126, (C), 118-133 View citations (22)
   See also Working Paper Subjective Intertemporal Substitution, 2016 Meeting Papers (2016) View citations (3) (2016)

2021

5. How economic crises affect inflation beliefs: Evidence from the Covid-19 pandemic
   Journal of Economic Behavior & Organization, 2021, 189, (C), 443-469 View citations (45)
   See also Working Paper How Economic Crises Affect Inflation Beliefs: Evidence from the COVID-19 Pandemic, Staff Reports (2020) View citations (7) (2020)
6. Job Seekers' Perceptions and Employment Prospects: Heterogeneity, Duration Dependence, and Bias
   American Economic Review, 2021, 111, (1), 324-63 View citations (63)
   See also Working Paper Job seekers’ perceptions and employment prospects: heterogeneity, duration dependence, and bias, LSE Research Online Documents on Economics (2021) View citations (58) (2021)

2020

7. The Shadow Margins of Labor Market Slack
   Journal of Money, Credit and Banking, 2020, 52, (S2), 355-391 View citations (8)
   See also Working Paper The Shadow Margins of Labor Market Slack, NBER Working Papers (2020) View citations (8) (2020)

2019

8. Social and spatial networks in labour markets
   Oxford Review of Economic Policy, 2019, 35, (4), 722-745 View citations (5)

2017

9. An overview of the Survey of Consumer Expectations
   Economic Policy Review, 2017, (23-2), 51-72 View citations (46)
   See also Working Paper An overview of the Survey of Consumer Expectations, Staff Reports (2016) View citations (10) (2016)
10. The Advantages of Probabilistic Survey Questions
    Review of Economic Analysis, 2017, 9, (1), 1-32 View citations (4)

2016

11. Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System
    Journal of Labor Economics, 2016, 34, (1), 161 - 209 View citations (80)
    See also Working Paper Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System, IZA Discussion Papers (2014) View citations (17) (2014)
12. The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment
    The Review of Economics and Statistics, 2016, 98, (3), 503-523 View citations (168)
    See also Working Paper The price is right: updating of inflation expectations in a randomized price information experiment, Staff Reports (2012) View citations (27) (2012)
13. Working hard in the wrong place: A mismatch-based explanation to the UK productivity puzzle
    European Economic Review, 2016, 84, (C), 42-56 View citations (26)
    See also Working Paper Working Hard in the Wrong Place: A Mismatch-Based Explanation to the UK Productivity Puzzle, CEPR Discussion Papers (2016) View citations (28) (2016)

2015

14. INFLATION EXPECTATIONS AND BEHAVIOR: DO SURVEY RESPONDENTS ACT ON THEIR BELIEFS?
    International Economic Review, 2015, 56, (2), 505-536 View citations (88)
    See also Working Paper Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs?, 2012 Meeting Papers (2012) (2012)

2014

15. Mismatch Unemployment
    American Economic Review, 2014, 104, (11), 3529-64 View citations (119)
    See also Working Paper Mismatch Unemployment, NBER Working Papers (2012) View citations (17) (2012)

2013

16. Measuring Inflation Expectations
    Annual Review of Economics, 2013, 5, (1), 273-301 View citations (66)

2012

17. The effect of question wording on consumers’ reported inflation expectations
    Journal of Economic Psychology, 2012, 33, (4), 749-757 View citations (57)

2011

18. Expectations of inflation: The biasing effect of thoughts about specific prices
    Journal of Economic Psychology, 2011, 32, (5), 834-845 View citations (50)
    See also Working Paper Expectations of inflation: the biasing effect of thoughts about specific prices, Staff Reports (2011) View citations (47) (2011)
19. Measuring consumer uncertainty about future inflation
    Journal of Applied Econometrics, 2011, 26, (3), 454-478 View citations (69)
    See also Working Paper Measuring consumer uncertainty about future inflation, Staff Reports (2009) View citations (7) (2009)

2010

20. Improving survey measures of household inflation expectations
    Current Issues in Economics and Finance, 2010, 16, (Aug/Sep) View citations (18)
21. NEIGHBORHOOD EFFECTS: ACCOMPLISHMENTS AND LOOKING BEYOND THEM*
    Journal of Regional Science, 2010, 50, (1), 343-362 View citations (48)
    See also Working Paper Neighborhood Effects: Accomplishments and Looking Beyond Them, Discussion Papers Series, Department of Economics, Tufts University (2009) View citations (7) (2009)

2009

22. Cultural transmission, socialization and the population dynamics of multiple‐trait distributions
    International Journal of Economic Theory, 2009, 5, (1), 139-154 View citations (31)
    See also Working Paper Cultural transmission, socialization and the population dynamics of multiple-trait distributions, PSE-Ecole d'économie de Paris (Postprint) (2009) View citations (24) (2009)

2008

23. Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes
    Journal of Political Economy, 2008, 116, (6), 1150-1196 View citations (516)
    See also Working Paper Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes, NBER Working Papers (2005) View citations (65) (2005)

2007

24. Estimating dynamic local interactions models
    Journal of Econometrics, 2007, 140, (1), 282-303 View citations (31)

2006

25. Challenges facing the New York metropolitan area economy
    Current Issues in Economics and Finance, 2006, 12, (Jan) View citations (3)

2005

26. Urban dynamics in New York City: conference overview and summary of papers
    Economic Policy Review, 2005, (Dec), 1-4

2004

27. Cooperation as a Transmitted Cultural Trait
    Rationality and Society, 2004, 16, (4), 477-507 View citations (68)
28. Religious Intermarriage and Socialization in the United States
    Journal of Political Economy, 2004, 112, (3), 615-664 View citations (216)

2003

29. Does microcredit reach the poor and vulnerable? Evidence from northern Bangladesh
    Journal of Development Economics, 2003, 70, (1), 59-82 View citations (137)
    See also Working Paper Does Microcredit Reach the Poor and Vulnerable? Evidence from Northern Bangladesh, CID Working Papers (2001) View citations (6) (2001)
30. Empirical Models of Cultural Transmission
    Journal of the European Economic Association, 2003, 1, (2-3), 363-375 View citations (36)
31. Identification of local interaction models with imperfect location data
    Journal of Applied Econometrics, 2003, 18, (5), 605-618 View citations (21)

2001

32. Social Interactions, Local Spillovers and Unemployment
    The Review of Economic Studies, 2001, 68, (2), 261-295 View citations (456)
    See also Working Paper Social Interactions, Local Spillovers and Unemployment, Working Papers (1997) View citations (16) (1997)

Chapters

2024

1. Comment on "Partisan Expectations and COVID-Era Inflation"
   A chapter in Inflation in the COVID Era and Beyond, 2024

2015

2. Neighborhood and Network Effects
   Elsevier View citations (48)
   See also Working Paper Neighborhood and Network Effects, C.E.P.R. Discussion Papers (2014) View citations (7) (2014)