Jonathan L. Willis

Vice President and Economist
Research Department
Federal Reserve Bank of Kansas City
1 Memorial Drive
Kansas City, Mo. 64198
Curriculum Vitae


Jon Willis is an Assistant Vice President and Economist at the Federal Reserve Bank of Kansas City. He joined the Economic Research Department in September 2000. A native of Iowa, Willis received a B.A. degree in economics from Grinnell College in 1993 and a Ph.D. degree in economics from Boston University in 2001. Willis conducts research on labor market dynamics over the business cycle and the relationship between the price-setting behavior of firms and inflation dynamics. In addition to working at the Bank, he has served as a visiting assistant professor at the University of Texas at Austin.

Professional Journals and Books

  • The Cost of Labor Adjustment: Inferences from the Gap"
    with Russell Cooper, Review of Economic Dynamics, 2009, vol 12(4).
  • "A Comment on the Economics of Labor Adjustment:  Mind the Gap: Evidence from a Monte Carlo Experiment: Reply" 
    with Russell Cooper, American Economic Review, 2009, vol 99(5).
  • "Sticky Information and Sticky Prices"
    with Peter Klenow, Journal of Monetary Economics, September 2007.
  • "Search Frictions: Matching Aggregate and Establishment Observations"
    with Russell Cooper and John Haltiwanger, Journal of Monetary Economics, September 2007.
  • "Magazine Prices Revisited"
    Journal of Applied Econometrics, April 2006.
  • "A Comment on the Economics of Labor Adjustment: Mind the Gap"
    American Economic Review, September 2004.

Economic Review Articles

Research Working Papers

Macro Bulletins

Work in Progress

  • "General Equilibrium of a Monetary Model with State-Dependent Pricing"