Curriculum vitæ

Rubén Hernández-Murillo

Biography

Rubén Hernández-Murillo is a senior policy economist at the Federal Reserve Bank of Cleveland. He received a MA and a PhD in economics from the University of Rochester in 1998 and 2001, respectively, and a BA in economics from ITAM (Instituto Tecnológico Autónomo de México) in 1995. His research interests include Public Finance, Public Economics, Real Estate Economics, Regional and Urban Economics, Industrial Organization, and Political Economy.

Education

University of Rochester

2001
PhD in Economics.
1998
MA in Economics.

ITAM (Instituto Tecnológico Autónomo de México)

1995
BA in Economics suma cum laude.

Appointments Held

Federal Reserve Bank of Cleveland

2015–Present
Senior Policy Economist.

Federal Reserve Bank of St. Louis

2005–2015
Senior Economist.
2000–2005
Economist.

Washington University in St. Louis

2013 (summer)
Adjunct Lecturer. Olin Business School.

ITAM (Instituto Tecnológico Autónomo de México)

2002 (spring)
Visiting assistant professor. CIE (Centro de Investigación Económica).
1994–1995
Research assistant. CAIE (Centro de Investigación y Análisis Económico).
1994
Instructor: Introductory Microeconomics.
1992-1994
Teaching assistant. Department of Economics.

University of Rochester

1999, 2000
Research assistant to professor Per Krusell.
1998, 1999
Instructor: Intermediate Microeconomics.

Recent and Selected Publications

For a complete list of publications, visit my publication pages:

2017
“Clustered Housing Cycles.” Hernández-Murillo, Rubén; Michael T. Owyang; and Margarita Rubio. Regional Science and Urban Economics, September 2017, 66. pp. 185–197. DOI:10.1016/j.regsciurbeco.2017.06.003. PDF available at: http://research.stlouisfed.org/wp/2013/2013-021.pdf.
2015
“Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?” Ghent, Andra C.; Rubén Hernández-Murillo; and Michael T. Owyang. Real Estate Economics, Winter 2015, 43(4), pp. 820–854. DOI:10.1111/1540-6229.12110. PDF available at: http://research.stlouisfed.org/wp/2012/2012-005.pdf.
2015
“Risk Aversion at the Country Level.” Gandelman, Néstor; and Rubén Hernández-Murillo. Federal Reserve Bank of St. Louis Review, First Quarter 2015, 97(1), pp. 53–66. PDF available at: http://research.stlouisfed.org/publications/review/2015/q1/53-66GandelmanHernandez.pdf.
2014
“Differences in Subprime Loan Pricing Across Races and Neighborhoods.” Ghent, Andra C.; Rubén Hernández-Murillo; and Michael T. Owyang. Regional Science and Urban Economics, September 2014, 48. pp. 199–215. DOI:10.1016/j.regsciurbeco.2014.07.006. PDF available at: http://research.stlouisfed.org/wp/2011/2011-033.pdf.
2013
“What Do Happiness and Health Satisfaction Data Tell Us About Relative Risk Aversion?” Hernández-Murillo, Rubén; and Néstor Gandelman. Journal of Economic Psychology, December 2013, 39. pp. 301–312. DOI:10.1016/j.joep.2013.09.005. PDF available at: http://research.stlouisfed.org/wp/2011/2011-039.pdf.
2011
“Regional Aggregation in Forecasting: An Application to the Federal Reserve’s Eighth District.” Engemann, Kristie M.; Rubén Hernández-Murillo; and Michael T. Owyang. Federal Reserve Bank of St. Louis Review, may/jun 2011, 93(3), pp. 207–222. PDF available at: http://research.stlouisfed.org/publications/review/11/05/207-222Engemann.pdf.
2011
“Patterns of Interstate Migration in the United States from the Survey of Income and Program Participation.” Hernández-Murillo, Rubén; Lesli S. Ott; Michael T. Owyang; and Denise Whalen. Federal Reserve Bank of St. Louis Review, may/jun 2011, 93(3), pp. 169–186. PDF available at: http://research.stlouisfed.org/publications/review/11/05/169-186Hernandez.pdf.
2010
“Nonlinear Effects of School Quality on House Prices.” Chiodo, Abbigail; Rubén Hernández-Murillo; and Michael T. Owyang. Federal Reserve Bank of St. Louis Review, may/jun 2010, 92(3), pp. 185–204. PDF available at: http://research.stlouisfed.org/publications/review/10/05/Chiodo.pdf.
2010
“Strategic Online Banking Adoption.” Hernández-Murillo, Rubén; Gerard Llobet; and Roberto Fuentes. Journal of Banking and Finance, July 2010, 34(7), pp. 1650–1663. DOI:10.1016/j.jbankfin.2010.03.011. PDF available at: http://research.stlouisfed.org/wp/2006/2006-058.pdf.
2009
“Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach.” Armesto, Michelle T.; Rubén Hernández-Murillo; Michael T. Owyang; and Jeremy Piger. Journal of Money, Credit and Banking, February 2009, 41(1), pp. 35–55. DOI:10.1111/j.1538-4616.2008.00186.x. PDF available at: http://research.stlouisfed.org/wp/2007/2007-010.pdf.
2007
“Experiments in Financial Liberalization: The Mexican Banking Sector.” Hernández-Murillo, Rubén. Federal Reserve Bank of St. Louis Review, sep/oct 2007, 89(5), pp. 415–432. PDF available at: http://research.stlouisfed.org/publications/review/07/09/HernandezMurillo.pdf.
2006
“The Geography, Economics, and Politics of Lottery Adoption.” Coughlin, Cletus C.; Thomas A. Garrett; and Rubén Hernández-Murillo. Federal Reserve Bank of St. Louis Review, may/jun 2006, 88(3), pp. 165–180. PDF available at: http://research.stlouisfed.org/publications/review/06/05/Coughin.pdf.
2006
“The Information Content of Regional Employment Data for Forecasting Aggregate Conditions.” Hernández-Murillo, Rubén; and Michael T. Owyang. Economics Letters, March 2006, 90(3), pp. 335–339. DOI:10.1016/j.econlet.2005.08.023. PDF available at: http://research.stlouisfed.org/wp/2004/2004-005.pdf.
2006
“Patent Licensing Revisited: Heterogeneous Firms and Product Differentiation.” Hernández-Murillo, Rubén; and Gerard Llobet. International Journal of Industrial Organization, January 2006, 24(1), pp. 149–175. DOI:10.1016/j.ijindorg.2005.03.008. PDF available at: http://research.stlouisfed.org/wp/2002/2002-031.pdf.
2005
“Does Consumer Sentiment Predict Regional Consumption?” Garrett, Thomas A.; Rubén Hernández-Murillo; and MichaelT. Owyang. Federal Reserve Bank of St. Louis Review, mar/apr 2005, 87(2, Part 1), pp. 123–135. PDF available at: http://research.stlouisfed.org/publications/review/05/03/part1/GarrHernOwy.pdf.
2005
“The Diffusion of Electronic Business in the United States.” Dinlersoz, Emin M.; and Rubén Hernández-Murillo. Federal Reserve Bank of St. Louis Review, jan/feb 2005, 87(1), pp. 11–34. PDF available at: http://research.stlouisfed.org/publications/review/05/01/Dinlersoz.pdf.
2004
“Racial Profiling or Racist Policing? Bounds Tests in Aggregate Data.” Hernández-Murillo, Rubén; and John Knowles. International Economic Review, August 2004, 45(3), pp. 959–989. DOI:10.1111/j.0020-6598.2004.00293.x. PDF available at: http://research.stlouisfed.org/wp/2004/2004-012.pdf.
2004
“Tax Competition and Tax Harmonization with Evasion.” Gandelman, Néstor; and Rubén Hernández-Murillo. Topics in Economic Analysis and Policy, May 2004, 4(1), DOI:10.2202/1538-0653.1219. PDF available at: http://research.stlouisfed.org/wp/2002/2002-015.pdf.
2003
“Strategic Interaction in Tax Policies Among States.” Hernández-Murillo, Rubén. Federal Reserve Bank of St. Louis Review, may/jun 2003, 85(3), pp. 47–56. PDF available at: http://research.stlouisfed.org/publications/review/03/05/Hernandez.pdf.
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