Ethan.McClure@bos.frb.org
Personal Website
Biography
Ethan M. L. McClure is an economist in the Federal Reserve Bank of Boston Research Department. He joined the Boston Fed in 2025 after earning his PhD in economics from the University of California, Berkeley. McClure is a macroeconomist interested in monetary and fiscal policy. His research focuses on public-debt management, inflation expectations, and fiscal stimulus. He received an MS in economics and computation from Duke University and a dual BS in electrical engineering and mathematics from the University of Rhode Island.
Work Experience
Federal Reserve Bank of Boston
Economist, 2025–
Education
PhD, Economics, University of California, Berkeley, 2025
MS, Economics and Computation, Duke University, 2019
BS (dual), Electrical Engineering and Mathematics, University of Rhode Island, 2017
Primary fields of research
Macroeconomics, monetary economics, and public economics
Publications
Journal articles
“The Macroeconomic Expectations of U.S. Managers,” with Vitallia Yaremko, Olivier Coibion, and Yuriy Gorodnichenko. 2024. Journal of Money, Credit and Banking https://doi.org/10.1111/jmcb.13163
“A Kinky Consistency: Experimental Evidence of Behavior under Linear and Nonlinear Budget Constraints,” with Emiliano Huet-Vaughn and Juan Carlos Suárez Serrato. 2024. American Economic Journal: Microeconomics 16(3): 424–458. https://doi.org/10.1257/mic.20220086
Working papers
“Optimal Debt Policy and Liquidity Taxation.” 2025.
“High-frequency Identification of Defense News Shocks,” with Anders Yding. 2025.