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Ryan Monarch

Ryan Monarch

Contact Information:

338 Eggers Hall

Office Hours:

Mondays and Wednesdays 11:30 - 12:30


  • 2024 Spring
    • ECN 367 Economics of Globalization
    • ECN 465 International Trade Theory and Policy
  • 2023 Fall
    • ECN 765 Advanced International Trade
    • ECN 465 International Trade Theory and Policy
  • 2023 Spring
    • ECN 865 Topics International Economics
  • 2022 Fall
    • ECN 465 International Trade Theory and Policy
  • 2022 Spring
    • ECN 465 International Trade Theory and Policy

Highest degree earned

Ph.D., University of Michigan - Ann Arbor, 2014


Ryan Monarch researches buyer-supplier relationships in international trade and how the recent tariff war affected U.S. exports and supply chains. He served as a Principal Economist for the International Finance division of the Board of Governors of the Federal Reserve from 2014-2021. His work has been published in the Review of Economics and Statistics, the Journal of International Economics and other publications. His research has been cited by The Wall Street Journal, The New York Times, Bloomberg, The Economist and Reuters, among others. He received a Ph.D. in economics from the University of Michigan in 2014.

Areas of Expertise

International trade, supply chains, U.S.-China trade

Research Interests

Import prices for different consumer groups, the effects of tariffs on supply chains

Research Grant Awards and Projects

"Import Price Inflation across Different U.S. Demographic Groups ", Sponsored by Appleby-Mosher Fund for Faculty Research.

"Trade Shocks and U.S. Firms' Global Supply Chains", Sponsored by National Bureau of Economic Research.

Selected Publications

Presentations and Events

Empirical Investigations in International trade Conference, Syracuse University, "Discussion of "Retailers and Import Penetration: Evidence from US Dollar Stores"" (October 14, 2023)

University of Albany, "Who's Most Exposed to International Shocks? Estimating Differences in Import Price Sensitivity across U.S. Demographic Groups" (March, 2023)

Syracuse University (2021)

Monarch, R., Martin, J., Mejean, I., Parenti, M., "Relationship Stickiness and Economic Uncertainty" (September, 2020)

IMF, George Washington University, University of Virginia, Empirical Trade Online Seminar, CEPR/CEBRA "Adjustments to and in an Uncertain World", University of Maryland (2020)

Comparative Analysis of Enterprise Development Conference, Peking University NSD, Federal Reserve Board (x2), Mid-Atlantic Trade Workshop (Duke) (2019)

Honors and Accolades

Research Grant, NBER: Trade Shocks and U.S. Firms' Global Supply Chains (2021 - 2022)

Sasakawa Young Leaders Fellowship (August, 2013 - December, 2013)

Rackham One-Term Dissertation Fellowship, Economics (3 Awarded) (2013)

Travel Award, Michigan Institute for Teaching and Research in Economics (MITRE) (May, 2013 - August, 2013)

Outstanding Graduate Student Instructor (1 Awarded), University of Michigan Economics (2011)