Person
Willem Van Zandweghe
Vice President
Areas of Expertise
macroeconomics, monetary economics
Department
Research
Education
- Licentiaat,
- Economics,
- KU Leuven,
- 1998
- DES,
- Econometrics,
- Université catholique de Louvain,
- 2000
- PhD,
- Economics,
- Carnegie Mellon University,
- 2008
Willem Van Zandweghe is a vice president in the Research Department at the Federal Reserve Bank of Cleveland. He oversees the department’s team of research analysts. His research focuses on questions regarding business fluctuations, inflation dynamics, and monetary policy.
Prior to joining the Bank in 2019, Dr. Van Zandweghe spent eleven years with the Federal Reserve Bank of Kansas City, where he joined the Research Department as an economist in 2008 and was appointed assistant vice president and economist in 2013. He obtained his undergraduate degree from KU Leuven in Belgium and a PhD in economics from Carnegie Mellon University.
Featured Publications
- “Monetary Policy and Macroeconomic Stability Revisited.” With Yasuo Hirose and Takushi Kurozumi. 2020. Review of Economic Dynamics, 37 (July): 255–274.
- “Discretionary Monetary Policy in the Calvo Model.” With Alexander L. Wolman. 2019. Quantitative Economics, 10 (January): 387–418.
- “Labor Market Search, the Taylor Principle, and Indeterminacy.” With Takushi Kurozumi. 2010. Journal of Monetary Economics, 57 (October): 851–858.
- “Output-Inflation Trade-offs and the Optimal Inflation Rate.” With Takushi Kurozumi. 2024. Journal of Economic Dynamics and Control, 164 (July): article 104874.
- “Inflation Gap Persistence, Indeterminacy, and Monetary Policy.” With Yasuo Hirose and Takushi Kurozumi. 2023. Review of Economic Dynamics, 51 (December): 867-887.
- “A Theory of Intrinsic Inflation Persistence.” With Takushi Kurozumi. 2023. Journal of Money, Credit and Banking, 55 (December): 1961-2000.
- “Macroeconomic Changes with Declining Trend Inflation: Complementarity with the Superstar Firm Hypothesis.” With Takushi Kurozumi. 2022. European Economic Review, 141 (January): article 103998.
- “Monetary Policy and Macroeconomic Stability Revisited.” With Yasuo Hirose and Takushi Kurozumi. 2020. Review of Economic Dynamics, 37 (July): 255–274.
- “Discretionary Monetary Policy in the Calvo Model.” With Alexander L. Wolman. 2019. Quantitative Economics, 10 (January): 387–418.
- “Trend Inflation and Equilibrium Stability: Firm-Specific versus Homogeneous Labor.” With Takushi Kurozumi. 2017. Macroeconomic Dynamics, 21 (June): 947–981.
- “Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability.” With Takushi Kurozumi. 2016. Review of Economic Dynamics, 20 (April): 240–257.
- “Learning about Monetary Policy Rules when Labor Market Search and Matching Frictions Matter.” With Takushi Kurozumi. 2012. Journal of Economic Dynamics and Control, 36 (April): 523–535.
- “Determinacy under Inflation Targeting Interest Rate Policy in a Sticky Price Model with Investment (and Labor Bargaining).” With Takushi Kurozumi. 2011. Journal of Money, Credit and Banking, 43 (August): 1019–1033.
- “Labor Market Search, the Taylor Principle, and Indeterminacy.” With Takushi Kurozumi. 2010. Journal of Monetary Economics, 57 (October): 851–858.
- “On-the-Job Search, Sticky Prices, and Persistence.” 2010. Journal of Economic Dynamics and Control, 34 (March): 437–455.
- “Investment, Interest Rate Policy, and Equilibrium Stability.” With Takushi Kurozumi. 2008. Journal of Economic Dynamics and Control, 32 (May): 1489–1516.
- “Do Bivariate SVAR Models with Long-Run Identifying Restrictions Yield Reliable Results? An Investigation into the Case of Germany.” With Jan Gottschalk. 2003. Swiss Journal of Economics and Statistics, 139 (March): 55–81.
Federal Reserve Bank of Kansas City Working Papers
- “The Cyclical Behavior of Labor Force Participation.” With Didem Tüzemen. 2018. Federal Reserve Bank of Kansas City, Working Paper No. 18-08.
- “A Pitfall of Expectational Stability Analysis.” With Takushi Kurozumi. 2014. Federal Reserve Bank of Kansas City, Working Paper No. 14-07.
Federal Reserve Bank of Kansas City Publications
- “The Phillips Curve and the Missing Disinflation from the Great Recession.” 2019. Federal Reserve of Kansas City, Economic Review, (second quarter).
- “Do Changes in the Stock Market Affect Consumer and Business Confidence?” 2019. Federal Reserve of Kansas City, Macro Bulletin (January 9).
- “Why Has Inflation Persistence Declined?” With Takushi Kurozumi. 2018. Federal Reserve of Kansas City, Macro Bulletin (April 11).
- “The Changing Cyclicality of Labor Force Participation.” 2017. Federal Reserve of Kansas City, Economic Review (third quarter): 5–34.
- “Wage Leaders and Laggards: Decomposing the Growth in Average Hourly Earnings.” 2017. Federal Reserve of Kansas City, Macro Bulletin (February 15).
- “The Drag of Energy and Manufacturing on Productivity Growth.” 2016. Federal Reserve of Kansas City, Macro Bulletin (April 18).
- “The Lasting Damage from the Financial Crisis to US Productivity.” With Michael Redmond. 2016. Federal Reserve of Kansas City, Economic Review (first quarter): 39–64.
- “Monetary Policy and Firm Entry and Exit.” With Yoonsoo Lee. 2015. Federal Reserve of Kansas City, Macro Bulletin (August 20).
- “Monetary Policy Shocks and Aggregate Supply.” 2015. Federal Reserve of Kansas City, Economic Review (third quarter): 31–56.
- “Has Durable Goods Spending Become Less Sensitive to Interest Rates?” With John Carter Braxton. 2013. Federal Reserve of Kansas City, Economic Review (fourth quarter): 5–27.
- “Interpreting the Recent Decline in Labor Force Participation.” 2012. Federal Reserve of Kansas City, Economic Review (first quarter): 5–34.
- “Why Have the Dynamics of Labor Productivity Changed?” 2010. Federal Reserve of Kansas City, Economic Review (third quarter): 5–30.
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