Details about Adam Hale Shapiro

Access statistics for papers by Adam Hale Shapiro.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: psh202

Working Papers

2025

1. Are Medicaid and Medicare Patients Treated Equally?
   Working Paper Series, Federal Reserve Bank of San Francisco
2. Inflation Since the Pandemic: Lessons and Challenges
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2025)
3. News Selection and Household Inflation Expectations
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2025)

2024

4. Monetary Tightening and Financial Stress during Supply- versus Demand-Driven Inflation
   Working Paper Series, Federal Reserve Bank of San Francisco

2023

5. A Denial a Day Keeps the Doctor Away
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (12)

2022

6. Decomposing Supply and Demand Driven Inflation
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (9)

2021

7. Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (13)
   See also Journal Article Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis, The Review of Economic Studies, Review of Economic Studies Ltd (2022) View citations (32) (2022)

2020

8. A Simple Framework to Monitor Inflation
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
9. Measuring News Sentiment
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (54)
10. The Costs of Payment Uncertainty in Healthcare Markets
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)

2019

11. De-leveraging or De-risking? How Banks Cope with Loss
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)
    See also Journal Article De-leveraging or de-risking? How banks cope with loss, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (11) (2021)
12. Using Brexit to Identify the Nature of Price Rigidities
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
    See also Chapter Using Brexit To Identify the Nature of Price Rigidities, NBER Chapters, National Bureau of Economic Research, Inc (2020) (2020)

2017

13. Decomposing Medical-Care Expenditure Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2012) View citations (10)
    BEA Working Papers, Bureau of Economic Analysis (2012) View citations (5)
    See also Chapter Decomposing Medical Care Expenditure Growth, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (5) (2016)

2015

14. Does Medicare Part D Save Lives?
    BEA Working Papers, Bureau of Economic Analysis View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) View citations (3)
    See also Journal Article Does Medicare Part D Save Lives?, American Journal of Health Economics, MIT Press (2019) View citations (7) (2019)
15. Physician competition and the provision of care: evidence from heart attacks
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (4)
    See also Journal Article Physician Competition and the Provision of Care: Evidence from Heart Attacks, American Journal of Health Economics, MIT Press (2018) View citations (7) (2018)

2014

16. A Dynamic Model of Price Signaling, Consumer Learning, and Price Adjustment
    Working Paper Series, Federal Reserve Bank of San Francisco
17. Defining Disease Episodes and the Effects on the Components of Expenditure Growth
    BEA Working Papers, Bureau of Economic Analysis View citations (5)

2013

18. Physician Payments Under Health Care Reform
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article Physician payments under health care reform, Journal of Health Economics, Elsevier (2015) View citations (8) (2015)
19. Price Setting in an Innovative Market
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)

2012

20. Developing a Framework for Decomposing Medical-Care Expenditure Growth: Exploring Issues of Representativeness
    BEA Working Papers, Bureau of Economic Analysis
    See also Chapter Developing a Framework for Decomposing Medical-Care Expenditure Growth: Exploring Issues of Representativeness, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (7) (2014)
21. Implications of Utilization Shifts on Medical-Care Price Measurement
    BEA Working Papers, Bureau of Economic Analysis View citations (4)
    See also Journal Article Implications of Utilization Shifts on Medical‐care Price Measurement, Health Economics, John Wiley & Sons, Ltd. (2015) (2015)
22. Physician Market Power and Medical-Care Expenditures
    BEA Working Papers, Bureau of Economic Analysis View citations (14)
    Also in BEA Working Papers, Bureau of Economic Analysis (2011) View citations (2)

2011

23. Geographic Variation in Commercial Medical Care Expenditures: A Decomposition Between Price and Utilization
    BEA Working Papers, Bureau of Economic Analysis View citations (15)
24. Price discrimination and business-cycle risk
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)

2010

25. Consumer Heterogeneity and Markups over the Business Cycle: Evidence from the Airline Industry
    BEA Working Papers, Bureau of Economic Analysis
26. Implications of Consumer Heterogeneity on Price Measures for Technology Goods
    BEA Working Papers, Bureau of Economic Analysis View citations (3)
27. Medical Care Expenditure Indexes: A Comparison of Indexes using MarketScan and Pharmetrics Data
    BEA Working Papers, Bureau of Economic Analysis View citations (1)
28. The Impact of Competition on Technology Adoption: An Apples-to-PCs Analysis
    2010 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in BEA Working Papers, Bureau of Economic Analysis (2010) View citations (4)
    Staff Reports, Federal Reserve Bank of New York (2010) View citations (6)

2009

29. Decomposing the foreclosure crisis: House price depreciation versus bad underwriting
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (11)

2008

30. Foreclosures, house-price changes, and subprime mortgages in Massachusetts cities and towns
    Interactive Maps and Charts, Federal Reserve Bank of Boston
31. Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures
    2008 Meeting Papers, Society for Economic Dynamics View citations (64)
    Also in Working Papers, Federal Reserve Bank of Boston (2007) View citations (122)
32. Summary of \"subprime outcomes: risky mortgages, homeownership experiences, and foreclosures\"
    Proceedings, Federal Reserve Bank of Chicago View citations (7)

2007

33. The effects of competition on price dispersion in the airline industry: a panel analysis
    Working Papers, Federal Reserve Bank of Boston View citations (11)

2006

34. Estimating the New Keynesian Phillips curve: a vertical production chain approach
    Working Papers, Federal Reserve Bank of Boston View citations (8)
    See also Journal Article Estimating the New Keynesian Phillips Curve: A Vertical Production Chain Approach, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (17) (2008)

2002

35. Phillips Meets Beveridge
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Chapter Phillips Meets Beveridge, NBER Chapters, National Bureau of Economic Research, Inc (2024) View citations (4) (2024)

Journal Articles

2025

1. Does Monetary Policy Tightening Reduce Inflation?
   FRBSF Economic Letter, 2025, 2025, (3), 6
2. Pandemic-Era Demand Squeezed Housing Inventories
   FRBSF Economic Letter, 2025, 2025, (01), 6

2024

3. How Much Has the Cooling Economy Reduced Inflation?
   FRBSF Economic Letter, 2024, 2024, (30), 5
4. Pandemic-Era Liquid Wealth Is Running Dry
   FRBSF Economic Letter, 2024, 2024, (21), 6 View citations (1)
5. The Rise and Fall of Pandemic Excess Wealth
   FRBSF Economic Letter, 2024, 2024, (06), 6 View citations (1)

2023

6. How Much Do Labor Costs Drive Inflation?
   FRBSF Economic Letter, 2023, 2023, (13), 6 View citations (3)

2022

7. Can the News Drive Inflation Expectations?
   FRBSF Economic Letter, 2022, 2022, (31), 6 View citations (1)
8. How Much Do Supply and Demand Drive Inflation?
   FRBSF Economic Letter, 2022, 2022, (15), 06 View citations (50)
9. Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis
   The Review of Economic Studies, 2022, 89, (5), 2768-2805 View citations (32)
   See also Working Paper Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis, Working Paper Series (2021) View citations (13) (2021)
10. What’s the Best Measure of Economic Slack?
    FRBSF Economic Letter, 2022, 2022, (04), 05 View citations (2)
11. Will Rising Rents Push Up Future Inflation?
    FRBSF Economic Letter, 2022, 2022, (03), 05 View citations (2)

2021

12. De-leveraging or de-risking? How banks cope with loss
    Review of Economic Dynamics, 2021, 39, 100-127 View citations (11)
    See also Working Paper De-leveraging or De-risking? How Banks Cope with Loss, Working Paper Series (2019) View citations (14) (2019)
13. Is the American Rescue Plan Taking Us Back to the ’60s?
    FRBSF Economic Letter, 2021, 2021, (27), 06 View citations (8)

2020

14. Administration above Administrators: The Changing Technology of Health Care Management
    AEA Papers and Proceedings, 2020, 110, 274-78 View citations (1)
15. Monitoring the Inflationary Effects of COVID-19
    FRBSF Economic Letter, 2020, 2020, (24), 01-06 View citations (4)
16. News Sentiment in the Time of COVID-19
    FRBSF Economic Letter, 2020, 2020, (08), 05 View citations (36)

2019

17. Does Medicare Part D Save Lives?
    American Journal of Health Economics, 2019, 5, (1), 126-164 View citations (7)
    See also Working Paper Does Medicare Part D Save Lives?, BEA Working Papers (2015) View citations (2) (2015)
18. The Brexit Price Spike
    FRBSF Economic Letter, 2019
19. The Evolution of the FOMC’s Explicit Inflation Target
    FRBSF Economic Letter, 2019

2018

20. Has Inflation Sustainably Reached Target?
    FRBSF Economic Letter, 2018
21. How Do Banks Cope with Loss?
    FRBSF Economic Letter, 2018 View citations (1)
22. Physician Competition and the Provision of Care: Evidence from Heart Attacks
    American Journal of Health Economics, 2018, 4, (2), 226-261 View citations (7)
    See also Working Paper Physician competition and the provision of care: evidence from heart attacks, Working Paper Series (2015) View citations (4) (2015)

2017

23. What's Down with Inflation?
    FRBSF Economic Letter, 2017 View citations (4)
24. What's in the News? A New Economic Indicator
    FRBSF Economic Letter, 2017

2016

25. Energy's impact on inflation expectations
    FRBSF Economic Letter, 2016 View citations (5)
26. Medicare payment cuts continue to restrain inflation
    FRBSF Economic Letter, 2016 View citations (11)
27. Price Setting and Rapid Technology Adoption: The Case of the PC Industry
    The Review of Economics and Statistics, 2016, 98, (3), 601-616 View citations (6)

2015

28. Did Massachusetts health-care reform affect prices?
    FRBSF Economic Letter, 2015
29. Implications of Utilization Shifts on Medical‐care Price Measurement
    Health Economics, 2015, 24, (5), 539-557
    See also Working Paper Implications of Utilization Shifts on Medical-Care Price Measurement, BEA Working Papers (2012) View citations (4) (2012)
30. Physician payments under health care reform
    Journal of Health Economics, 2015, 39, (C), 89-105 View citations (8)
    See also Working Paper Physician Payments Under Health Care Reform, Working Paper Series (2013) View citations (1) (2013)

2014

31. Do Physicians Possess Market Power?
    Journal of Law and Economics, 2014, 57, (1), 159 - 193 View citations (37)
32. How much do Medicare cuts reduce inflation?
    FRBSF Economic Letter, 2014 View citations (12)
33. Will inflation remain low?
    FRBSF Economic Letter, 2014

2013

34. Geographic variation in commercial medical-care expenditures: A framework for decomposing price and utilization
    Journal of Health Economics, 2013, 32, (6), 1153-1165 View citations (13)
35. What’s driving medical-care spending growth?
    FRBSF Economic Letter, 2013, (mar11) View citations (1)
36. Why do measures of inflation disagree?
    FRBSF Economic Letter, 2013 View citations (1)

2012

37. Price Dispersion Over the Business Cycle: Evidence from the Airline Industry
    Journal of Industrial Economics, 2012, 60, (3), 347-373 View citations (23)
38. Strategic alliance as a response to the threat of entry: Evidence from airline codesharing
    International Journal of Industrial Organization, 2012, 30, (6), 735-747 View citations (23)

2009

39. Does Competition Reduce Price Dispersion? New Evidence from the Airline Industry
    Journal of Political Economy, 2009, 117, (1), 1-37 View citations (231)

2008

40. Estimating the New Keynesian Phillips Curve: A Vertical Production Chain Approach
    Journal of Money, Credit and Banking, 2008, 40, (4), 627-666 View citations (17)
    See also Working Paper Estimating the New Keynesian Phillips curve: a vertical production chain approach, Working Papers (2006) View citations (8) (2006)

Chapters

2024

1. Phillips Meets Beveridge
   A chapter in Inflation in the COVID Era and Beyond, 2024 View citations (4)
   See also Working Paper Phillips Meets Beveridge, Federal Reserve Bank of San Francisco (2002) (2002)

2020

2. Using Brexit To Identify the Nature of Price Rigidities
   A chapter in NBER International Seminar on Macroeconomics 2020, 2020
   See also Working Paper Using Brexit to Identify the Nature of Price Rigidities, Federal Reserve Bank of San Francisco (2019) View citations (1) (2019)

2016

3. Decomposing Medical Care Expenditure Growth
   A chapter in Measuring and Modeling Health Care Costs, 2016, pp 81-111 View citations (5)
   See also Working Paper Decomposing Medical-Care Expenditure Growth, National Bureau of Economic Research, Inc (2017) View citations (2) (2017)

2014

4. Developing a Framework for Decomposing Medical-Care Expenditure Growth: Exploring Issues of Representativeness
   A chapter in Measuring Economic Sustainability and Progress, 2014, pp 545-574 View citations (7)
   See also Working Paper Developing a Framework for Decomposing Medical-Care Expenditure Growth: Exploring Issues of Representativeness, Bureau of Economic Analysis (2012) (2012)