CV


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Primary Appointments

  • Assistant Professor of Economics, Southern Methodist University, Aug. 2018–current
  • Senior Research Economist, Federal Reserve Bank of Dallas, Jan. 2016–Aug. 2019
  • Research Economist, Federal Reserve Bank of Dallas, Aug. 2012–Jan. 2016

Secondary Appointments

  • Visiting Scholar, Federal Reserve Bank of Philadelphia, Aug. 2023
  • Visiting Scholar, Dept. of Economics, Kobe University, Jun. 2022
  • Bradley Visitor, Dept. of Economics, University of Rochester, Mar. 2022
  • Visiting Scholar, Federal Reserve Bank of St. Louis, Jun. 2011–Aug. 2012

Education

  • Ph.D. Economics, University of Iowa, 2012
  • M.S. Economics, University of North Carolina at Charlotte, 2007
  • American Economic Association Summer Program, Duke University, 2005
  • B.A. Economics and Operations Research, Central Connecticut State University, 2005

  Peer-Reviewed Publications

  • Ravikumar, B., Santacreu, A. M., Sposi, M. “Trade Liberalization versus Protectionism: Dynamic Welfare Asymmetries.” 2023, Forthcoming, European Economic Review
  • Ravikumar, B., Santacreu, A. M., Sposi, M. “TFP, Capital Deepening, and Gains from Trade.” Federal Reserve Bank of St. Louis Review, 2023, 105(3):150-176
  • Sposi, M. “Demographics and the Evolution of Global Imbalances.” Journal of Monetary Economics, 2022, 126:1-14
  • Lewis, L., Monarch, R., Sposi, M., Zhang, J., 2021. “Structural Change and Global Trade.” Journal of the European Economic Association, 2022, 20(1):476-512
  • Sposi, M., Yi, K.-M., Zhang, J. “Trade Integration, Global Value Chains, and Capital Accumulation.” IMF Economic Review, 2021, 69:505-539
  • Ravikumar, B., Santacreu, A. M., Sposi, M. “Capital Accumulation and Dynamic Gains from Trade.” Journal of International Economics, 2019, 119:93-110
  • Sposi, M. “Evolving Comparative Advantage, Sectoral Linkages, and Structural Change.” Journal of Monetary Economics, 2019, 103:75-87
  • Mutreja, P., Ravikumar, B., Sposi, M. “Capital Goods Trade, Relative Prices, and Economic Development.” Review of Economic Dynamics, 2018, 27:101-122
  • Sposi, M. “Trade Barriers and the Relative Price of Tradables.” Journal of International Economics, 2015, 96(2):398-411
  • Mutreja, P., Ravikumar, B., Riezman, R., Sposi, M. “Price Equalization Does Not Imply Free Trade.” Federal Reserve Bank of St. Louis Review, 2015, 97(4):323-339
  • Mutreja, P., Ravikumar, B., Riezman, R., Sposi, M. “Price Equalization, Trade Flows, and Barriers to Trade.” European Economic Review, 2014, 70:383-398

Working Papers

  • Sposi, M., Yi, K.-M., and Zhang, J. “Deindustrialization and Industry Polarization” 2024 (revise and resubmit at Econometrica)
  • Santacreu, A. M., Sposi, M., and Zhang, J. “What Determines State Heterogeneity in Response to US Tariff Changes?” 2023 (revise and resubmit at International Economic Review)
  • Sposi, M., Yi, K.-M., Zhang, J. “Accounting for Structural Change Over Time: A Case Study of Three Middle-Income Countries” 2018
  • Sposi, M. “Evolving Comparative Advantage, Structural Change, and the Composition of Trade” 2012

Book

  • Yi, K.-M., Sposi, M., Zhang, J., ed. “Recent Developments in the Economics of Structural Change.” A collection of papers, with an introduction by the editors, in The International Library of Critical Writings in Economics, Edward Elgar, May 2019

Non-Peer-Reviewed Publications

  • Lewis, L., Monarch, R., Sposi, M., Zhang, J. April 2021. “The Increasing Importance of Services Expenditures and the Dampening Effect on Global Trade.” Chicago Fed Letter No. 456
  • Sposi, M., Virdi, K., April 2018. “Steeling the U.S. Economy for the Impacts of Tariffs.” Federal Reserve Bank of Dallas Economic Letter 13(5)
  • Sposi, M., Virdi, K., December 2017. “Brexit Through the Gift Shop: No Refunds.” Federal Reserve Bank of Dallas Economic Letter 12(15)
  • Sposi, M., Virdi, K., October 2016. “U.S. Productivity Growth Flowing Downstream.” Federal Reserve Bank of Dallas Economic Letter 11(12)
  • Sposi, M., 2016. “Navigating the Structure of the Global Economy.” Federal Bank of Dallas, Globalization and Monetary Policy Institute 2015 Annual Report 10-17
  • Parasrampuria, K., Sposi, M., June 2015. “A Real Appreciation for Recent Exchange-Rate Movements.” Federal Reserve Bank of Dallas Economic Letter 10(7)
  • Sposi, M., Grossman, V., September 2014. “Deindustrialization Redeploys Workers to Growing Service Sector.” Federal Reserve Bank of Dallas Economic Letter 9(11)
  • Ravikumar, B., Shao, L., Sposi, M., October 2013. “Why Was the Decline in U.S. Trade Larger This Time? A Global View.” Federal Reserve Bank of St. Louis Regional Economist 21(4)
  • Sposi, M., Koech, J., July 2013. “Value-Added Data Recast the U.S.-China Trade Deficit.” Federal Reserve Bank of Dallas Economic Letter 8(5)

Grants

  • PI, £23,508 ($31,500 at initial fx rate). Center for Economic and Policy Research – Structural Transformation and Economic Growth research initiative. November 2021-October 2022

Seminar Presentations

  • 2023: University of Southern California; Federal Reserve Bank of Philadelphia; Sam Houston State University; Federal Reserve Bank of Chicago 2022: Texas Tech University; University of Missouri; ISER – Osaka University; Kobe University; University of Rochester; ESADE 2021: University of Texas at El Paso; Bank of Spain 2020: Boston College; Honk Kong University of Science and Technology; Wayne State University 2019: Bank of Mexico 2018: University of Houston; University of Richmond; Federal Reserve Board; International Monetary Fund; Southern Methodist University; University of North Carolina at Charlotte 2017: University of Toronto; Bank of Canada; University of Connecticut; Penn State University 2016: Purdue University; University of Texas at Austin; Arizona State University; University of Exeter 2014: University of Winnipeg; Texas A&M University; University of North Carolina at Charlotte; Seoul National University; Tsinghua School of Economics and Management; University of Houston 2013: University of Alicante; Swiss National Bank; Durham University≤ 2012: Federal Reserve Bank of Dallas; Texas Tech University; University of Southern California; Federal Reserve Bank of St. Louis

Conference Presentations

  • 2023: Midwest International Trade 2022: NBER Summer Institute – ITM; Kobe Workshop on International Trade and Macroeconomic Dynamics; STEG Annual Conference 2021: Annual Meeting of the Southern Economic Association; Society for Economic Dynamics; Singapore Management University Trade Workshop 2019: Philly Fed International Trade Workshop; Sixth Annual International Conference of New Structural Economics; Society for Economic Dynamics; Midwest Macroeconomics Meetings 2018: NBER Summer Institute-ITM; Society for Economic Dynamics; Midwest Macroeconomics Meetings; System Committee on International Economic Analysis 2017: Midwest International Trade Meetings; Midwest Macroeconomics Meetings; Minnesota Workshop in Macroeconomic Theory; Society for Economic Dynamics; North American Summer Meeting of the Econometric Society; System Committee on International Economic Analysis 2016: RIDGE Workshop on Trade and Firm Dynamics; Midwest International Trade Meetings; Society for Economic Dynamics; System Committee on International Economic Analysis; Midwest Macroeconomics Meetings 2015: RIDGE Workshop on Trade and Firm Dynamics; Midwest International Trade Meetings; System Committee on International Economic Analysis; Midwest Macroeconomics Meetings 2014: Annual Meeting of the Southern Economic Association; Dynamics, Economic Growth, and International Trade Conference XIX; 89th Annual Meeting of the Western Economic Association International; System Committee on International Economic Analysis; Micro-Foundations of International Trade, Global Imbalances, and Implications on Monetary Policy; XVII Workshop in International Economics and Finance 2013: Annual Meeting of the Southern Economic Association; IV CICSE Conference: Structural Change, Dynamics, and Economic Growth; 88th Annual meeting of the Western Economics Association International; North American Summer Meeting of the Econometric Society; System Committee on International Economic Analysis ≤ 2012: Midwest Macroeconomics Meetings (x2); Midwest International Trade Meetings (x2)

Teaching

Southern Methodist University Macroeconomics (PhD); International Economics (PhD); Macroeconomics (Master’s); International Macroeconomics (Bachelor’s)

Kobe University International Macroeconomics (Master’s)

University of Iowa Principles of Microeconomics (Bachelor’s)