Jonathan Parker

International Programs Professor in Management
Professor of Finance

Biography | Selected Publications

NBER Macroeconomics Annual 2014, 27. Parker, Jonathan A., and Michael Woodford (eds.). Chicago: University of Chicago Presss, Forthcoming.

“The Benefits of Panel Data in Consumer Expenditure Surveys.” Parker, Jonathan A., Nicholas S. Souleles, and Christopher D. Carroll. In Carroll, Christopher D., Thomas F. Crossley, and John Sabelhaus (eds.), Improving the Measurement of Consumer Expenditures, Studies in Income and Wealth, Volume 74. Chicago: University of Chicago Press, Forthcoming 2015.

“Valuation, Adverse Selection and Market Collapses.” Fishman, Michael J., and Jonathan A. Parker. Review of Financial Studies, Forthcoming.

“The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption.” Broda, Christian, and Jonathan A. Parker (September 2014). Journal of Monetary Economics, 68: S20-S36.

NBER Macroeconomics Annual 2013, 27. Parker, Jonathan A., and Michael Woodford (eds.). Chicago and London: University of Chicago Press: 2014.

“LEADS on Macroeconomic Risks to and from the Household Sector.” Parker, Jonathan A. In Brunnermeier Markus K., and Arvind Krishnamurthy (eds.), Risk Topography: Systemic Risk and Macro Modeling. University of Chicago Press, 2014.

“Consumer Spending and the Economic Stimulus Payments of 2008.” Parker, Jonathan A., Nicholas S. Souleles, David S. Johnson, and Robert McClelland (October 2013). American Economic Review, 103(6): 2530-2553.

NBER Macroeconomics Annual 2012, 26. Acemoglu, Daron, Jonathan A. Parker, and Michael Woodford. Chicago: University of Chicago Press, 2013.

“On Measuring the Effects of Fiscal Policy in Recessions.” Parker, Jonathan A. (September 2011). Journal of Economic Literature, 49(3): 703-718.

“The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares.” Parker, Jonathan A., and Annette Vissing-Jorgensen (2010). Brookings Papers on Economic Activity, 2: 1-55. (2010)

“The Integrated Financial and Real System of National Accounts for the United States: Does it Presage the Financial Crisis?” Palumbo, Michael G., and Jonathan A. Parker (May 2009). American Economic Review, 99(2): 80-86.

“Who Bears Aggregate Fluctuations and How?” Parker, Jonathan A., and Annette Vissing-Jorgensen (May 2009). American Economic Review, 99(2): 399-405.

“Euler Equations.” Parker, Jonathan A. In Durlauf, Steven N., and Lawrence E. Blume (eds.), New Palgrave Dictionary of Economics, 2nd Edition. Palgrave MacMillan, 2008, 1851-1854.

“Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns.” Brunnermeier, Markus K., Christian Gollier, and Jonathan A. Parker (May 2007). American Economic Review97(2): 159-65.

“Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom.” Hsieh, Chang-Tai, and Jonathan A. Parker (Fall 2007). Economia, 8(1): 121-60.

“Household Expenditure and the Income Tax Rebates of 2001.” Johnson, David S., Jonathan A. Parker, and Nicholas S. Souleles (December 2006). American Economic Review, 96(5): 1589-1610.

“Optimal Expectations.” Brunnermeier, Markus K., and Jonathan A. Parker (September 2005). American Economic Review, 95(4): 1092-1118.

“Comment on `Federal Government Debt and Interest Rates' by Eric M. Engen and Glen R. Hubbard.” Parker, Jonathan A. In Gertler, M. and K. Rogoff (eds.), NBER Macroeconomics Annual 2004, 19, 2005, 139-147.

Consumption Risk and the Cross-Section of Expected Returns (2005)

Precautionary Saving and Consumption Fluctuations (2005)

“Luxury Goods and the Equity Premium.” Aït-Sahalia, Yacine, Jonathan A. Parker, and Motohiro Yogo (December 2004). Journal of Finance, 59(6): 2959-3004.

“Consumption Risk and Expected Stock Returns.” Parker, Jonathan A. (May 2003). American Economic Review93(2): 376-382.

“Consumption Over the Life Cycle.” Gourinchas, Pierre-Olivier, and Jonathan A. Parker (January 2002). Econometrica, 70(1): 47- 89.

“Discussion of: Athanasios Orphanides and John Williams, Robust Monetary Policy Rules with Unknown Natural Rates.” Parker, Jonathan A. (2002). Brookings Papers on Economic Activity, 2: 119-126. (2002)

“The Empirical Importance of Precautionary Saving.” Gourinchas, Pierre-Olivier, and Jonathan A. Parker (May 2001). American Economic Review91(2): 406-12.

“The Consumption Risk of the Stock Market.” Parker, Jonathan A. (2001). Brookings Papers on Economic Activity, 33(2): 279-348. (2001)

“Discussion of: "Real Estate and the Macroeconomy.” Parker, Jonathan A. (2000). Brookings Papers on Economic Activity, 2: 150-58. (2000)

“Spendthrift in America? On two decades of decline in the U.S. saving rate.” Parker, Jonathan A. In Bernanke, Ben, and Julio J. Rotemberg (eds.), NBER Macroeconomics Annual 1999, 14. Cambridge, MA: MIT Press, 2000, 317-70. (2000)

“The Reaction of Household Consumption to Predictable Changes in Social Security Taxes.” Parker, Jonathan A. (September 1999). American Economic Review, 89(4): 959-973.

“April 15 Syndrome.” Slemrod, Joel, Charles Christian, Rebecca London, and Jonathan A. Parker (October 1997). Economic Inquiry, 35(4): 695-709.

“Measuring the Cyclicality of Real Wages: How Important is the Composition Bias?” Solon, Gary, Robert Barsky, and Jonathan A. Parker (February 1994). Quarterly Journal of Economics, 109(1): 1-25.

 

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General Expertise
Asset pricing; Bitcoin; Central banks; Currency; Equities; Euro; Exchange rates; Federal budget; Finance; Fiscal austerity; Fiscal cliff; Fiscal policies; Global economics; Great Recession; Intertemporal choice; Investment strategies; Macroeconomics; Monetary policy; Personal finance; Portfolio choice; Recession; Retirement finance; Savings rates; Securitization; Security prices; Stimulus