Economists

Alexander W. Richter

Vice President
Federal Reserve Bank of Dallas

Alexander Richter

Alexander Richter is a vice president at the Federal Reserve Bank of Dallas. He joined the Dallas Fed as a research economist in May 2016 and became director of the BigTex High Performance Computing Cluster in June 2019. Prior to joining the Bank, Richter was an assistant professor in the Department of Economics at Auburn University for four years.

His research interests include monetary policy, fiscal policy, macro-labor, computational economics and macro-econometrics. His recent work examines the business cycle and nonlinear implications of search and matching frictions, macroeconomic uncertainty and the Fed’s zero interest rate policy.

Richter received his PhD from Indiana University.

Publications

“Valuation Risk Revalued,” with Oliver de Groot and Nathaniel A. Throckmorton, Quantitative Economics, vol. 13, no. 2, May 2022, pp. 723-759. https://doi.org/10.3982/QE1779.
“Complementarity and Macroeconomic Uncertainty,” with Tyler Atkinson, Michael Plante and Nathaniel A. Throckmorton, Review of Economic Dynamics, vol. 44, April 2022, pp. 225-243. https://doi.org/10.1016/j.red.2021.03.003.
“Cyclical Net Entry and Exit,” with Joshua Bernstein and Nathaniel A. Throckmorton, European Economic Review, vol. 136, July 2021. https://doi.org/10.1016/j.euroecorev.2021.103752.
“The Zero Lower Bound and Estimation Accuracy,” with Tyler Atkinson and Nathaniel A. Throckmorton, Journal of Monetary Economics, vol. 115, November 2020, pp. 249-264. https://doi.org/10.1016/j.jmoneco.2019.06.007.
See also: Federal Reserve Bank of Dallas Working Paper no. 1804, May 2018.
“Uncertainty Shocks in a Model of Effective Demand: Comment,” with O. de Groot and N. A. Throckmorton, Econometrica, vol. 86, no. 4, July 2018, pp. 1513-1526. https://doi.org/10.3982/ecta15405.
See also: Federal Reserve Bank of Dallas Working Paper no. 1706, May 2017.
“The Zero Lower Bound and Endogenous Uncertainty,” with M. Plante and N. A. Throckmorton, Economic Journal, vol. 128, no. 611, June 2018, pp. 1730-1757. https://doi.org/10.1111/ecoj.12445.
See also: Federal Reserve Bank of Dallas Working Paper no. 1405, May 2014.
“Forward Guidance and the State of the Economy,” with W. T. Gavin, B. D. Keen, and N. A. Throckmorton, Economic Inquiry, vol. 55, no. 4, October 2017, pp. 1593-1624. https://doi.org/10.1111/ecin.12466.
See also: Federal Reserve Bank of Dallas Working Paper no. 1612, November 2016.
“Is Rotemberg Pricing Justified by Macro Data?” with N. A. Throckmorton, Economics Letters, vol. 149, December 2016, pp. 44-48. https://doi.org/10.1016/j.econlet.2016.10.011.
“The Zero Lower Bound, the Dual Mandate, and Unconventional Dynamics,” with W. T. Gavin, B. D. Keen and N. A. Throckmorton, Journal of Economic Dynamics & Control, vol. 55, June 2015, pp. 14-38. https://doi.org/10.1016/j.jedc.2015.03.007.
“Finite Lifetimes, Long-Term Debt and the Fiscal Limit,” Journal of Economic Dynamics & Control, vol. 51, February 2015, pp. 180-203. https://doi.org/10.1016/j.jedc.2014.10.008.
“The Consequences of an Unknown Debt Target,” with N. A. Throckmorton, European Economic Review, vol. 78, August 2015, pp. 76-96. https://doi.org/10.1016/j.euroecorev.2015.05.002.
“The Zero Lower Bound: Frequency, Duration, and Numerical Convergence,” with N. A. Throckmorton, B E Journal of Macroeconomics, vol. 15, no. 1, January 2015, pp. 157-182. https://doi.org/10.1515/bejm-2013-0185.
“Accuracy, Speed and Robustness of Policy Function Iteration,” with N. A. Throckmorton and T. B. Walker, Computational Economics, vol. 44, no. 4, December 2014, pp. 445-476. https://doi.org/10.1007/s10614-013-9399-2.
“Quantitative Effects of Fiscal Foresight,” with E. M. Leeper and T. B. Walker, American Economic Journal-Economic Policy, vol. 4, no. 2, May 2012, pp. 115-144. https://doi.org/10.1257/pol.4.2.115.

Working Papers

Revisiting the Interest Rate Effects of Federal Debt Michael D. Plante, Alexander W. Richter and Sarah ZubairyFederal Reserve Bank of Dallas Working PaperNo. 2513April 2025.
The Postpandemic U.S. Immigration Surge: New Facts and Inflationary Implications Anton Cheremukhin, Sewon Hur, Ronald Mau, Karel Mertens, Alexander W. Richter and Xiaoqing ZhouFederal Reserve Bank of Dallas Working PaperNo. 2407October 2024.
Geopolitical Oil Price Risk and Economic Fluctuations Lutz Kilian, Michael D. Plante and Alexander W. RichterFederal Reserve Bank of Dallas Working PaperNo. 2403 (Revised November 2024)May 2024.

“Jointly Estimating Macroeconomic News and Surprise Shocks,” with Lutz Kilian and Michael D. Plante, Federal Reserve Bank of Dallas Working Paper no. 2304, April 2023.
“Macroeconomic Responses to Uncertainty Shocks: The Perils of Recursive Orderings,” with Lutz Kilian and Michael D. Plante, Federal Reserve Bank of Dallas Working Paper no. 2223, November 2022.
“Countercyclical Fluctuations in Uncertainty are Endogenous,” with Joshua Bernstein, Michael Plante and Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 2109, July 2021.
“Nonlinear Search and Matching Explained,” with Joshua Bernstein and Nathaniel Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 2106, May 2021.
“The Business Cycle Mechanics of Search and Matching Models,” with Joshua Bernstein and Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 2026, August 2020.
“Entry and Exit, Unemployment, and Macroeconomic Tail Risk,” with Joshua Bernstein and Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 2018, June 2020.
“COVID-19: A View from the Labor Market,” with Joshua Bernstein and Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 2010, April 2020.
“Complementarity and Macroeconomic Uncertainty,” with Tyler Atkinson, Michael D. Plante and Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 2009, March 2020.
“Valuation Risk Revalued,” with Nathaniel A. Throckmorton and Oliver de Groot, Federal Reserve Bank of Dallas Working Paper no. 1808, July 2018.
“A New Way to Quantify the Effect of Uncertainty,” with Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 1705, May 2017.
“Are Nonlinear Methods Necessary at the Zero Lower Bound?” with Nathaniel A. Throckmorton, Federal Reserve Bank of Dallas Working Paper no. 1606, August 2016.

Dallas Fed Publications

Geopolitical oil price risk not a major driver of global macroeconomic fluctuations Lutz Kilian, Michael D. Plante and Alexander W. RichterDallas Fed EconomicsFebruary 18, 2025.

“Job vacancy, unemployment relationship clouds ‘soft landing’ prospects,” with Nathaniel Throckmorton, Dallas Fed Economics, February 7, 2023.
“What Might Inflation Look Like Next Year?” with Tyler Atkinson and Jonah Danziger, Dallas Fed Economics, October 14, 2021.
“Pandemic Disproportionately Affects Women, Minority Labor Force Participation,” with Tyler Atkinson, Dallas Fed Economics, November 10, 2020.
“Entry, Exit of Firms Amplify the Business Cycle,” with Joshua Bernstein and Nathaniel A. Throckmorton, Dallas Fed Economics, July 14, 2020.
“The Production Process Drives Fluctuations in Output and Uncertainty,” with Tyler Atkinson, Michael D. Plante and Nathaniel A. Throckmorton, Dallas Fed Economics, June 30, 2020.
“COVID-19’s Unprecedented Impact Alters U.S. Labor Market,” with Joshua Bernstein and Nathaniel A. Throckmorton, Dallas Fed Economics, June 23, 2020.
“Consumer Surveys Suggest Economic Conditions Remain Healthy but Growth Is Slowing,” with Tyler Atkinson, Dallas Fed Economics, November 5, 2019.
“Changes in Labor Force Participation Help Explain Recent Job Gains,” with Tyler Atkinson and Laton Russell, Dallas Fed Economics, February 19, 2019.
“Declining U.S. Labor Force Participation Rates Stand Out,” with Daniel Chapman and Emil Mihaylov, Economic Letter, vol. 13, no. 6, April 2018.
“Fed’s Effective Lower Bound Constraint on Monetary Policy Created Uncertainty,” with Michael D. Plante and Nathaniel A. Throckmorton, Economic Letter, vol. 12, no. 11, November 2017.