Ryan Monarch

Assistant Professor, Economics Department

Director, Trade, Development, and Political Economy Working Group

Courses

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

Bio

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

Journal Articles
- Monarch, R., Schmidt-Eisenlohr, T., "Longevity and the value of trade relationships." Journal of International Economics, 2023.
- Monarch, R., "It's Not You, It's Me: Price, Quality, and Switching in U.S.-China Trade Relationships." Review of Economics and Statistics, 2022.
- Lewis, L., Monarch, R., Sposi, M. and Zhang, J., "Structural Change and Global Trade." Journal of the European Economic Association, 2021.
- Hottman, C., Monarch, R., "A matter of taste: Estimating import price inflation across U.S. income groups." Journal of International Economics, 2020.
- Kamal, F., Monarch, R., "Identifying Foreign Suppliers in U.S. Import Data." Review of International Economics, 2018.
- Monarch, R., Park, J. and Sivadasan, J., "Domestic Gains to Offshoring? Evidence from TAA-Linked U.S. Microdata." Journal of International Economics, 2017.
- Yang, D., Chen, V. and Monarch, R., "Rising Wages: Has China Lost its Global Labor Advantage?." Pacific Economic Review, 2010.
Policy Writings
- Lewis, L. T., Monarch, R., Sposi, M., Zhang, J. and Fenske, C. B., "The Increasing Importance of Services Expenditures and the Dampening Effect on Global Trade." In Chicago Fed Letter. , 2021.
- Handley, K., Kamal, F. and Monarch, R., "Beyond Imports: The Supply Chain Effects of Trade Protection on Export Growth." In FEDS Note. , 2020.
- Handley, K., Kamal, F. and Monarch, R., "Beyond Imports: The Supply Chain Effects of Trade Protection on Export Growth." In VoxEU Column. , 2020.
- Hottman, C., Monarch, R., "Distributional Consequences of Trade for U.S. Consumers: Estimating Group-Specific Import Price Inflation." In IFDP Note. Board of Governors of the Federal Reserve System, 2018.
- Lewis, L., Monarch, R., "Causes of the Global Trade Slowdown." In IFDP Note. Board of Governors of the Federal Reserve System, 2016.

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)