Steven J. Davis

Senior Fellow
Biography: 

Steven Davis is a senior fellow at the Hoover Institution and William H. Abbott Distinguished Service Professor of International Business and Economics at the University of Chicago Booth School of Business.  

He is a research associate of the National Bureau of Economic Research, an economic adviser to the U.S. Congressional Budget Office, visiting scholar at the Federal Reserve Bank of Atlanta, elected fellow of the Society of Labor Economics, member of the CNE Growth Commission for Puerto Rico, senior adviser to the Brookings Papers on Economic Activity, and senior academic fellow of the Asian Bureau of Finance and Economic Research (ABFER). He also serves on the ABFER executive committee.

Past positions include Deputy Dean of the Faculty at Chicago Booth from 2012 to 2015, member of the governing committee of the Becker Friedman Institute at the University of Chicago from 2012 to 2015, and editor and founding co-editor of the American Economic Journal: Macroeconomics from 2006 to 2011.

Davis studies business dynamics, labor markets, economic fluctuations and public policy.

He is known for his influential work using longitudinal data on firms and establishments to explore job creation and destruction dynamics and their relationship to economic performance. He is a creator of the Economic Policy Uncertainty Indices and the DHI Hiring Indicators. He co-organizes the Asian Monetary Policy Forum, held annually in Singapore. In 2013, he received the Addington Prize in Measurement for his research on “Measuring Economic Policy Uncertainty.” 

In addition to his scholarly work, Davis has written for the Atlantic, Bloomberg View, Chicago Tribune, Financial Times, Forbes, Los Angeles Times, and the Wall Street Journal and appeared on Bloomberg TV, Channel News Asia, CNBC, CNN, Fox News, NBC Network News and the U.S. Public Broadcasting System.

Davis was a national fellow at the Hoover Institution in 1988-89 and has held visiting faculty appointments at the Massachusetts Institute of Technology, the University of Maryland at College Park and the National University of Singapore. He received his undergraduate degree in economics from Portland State University and his masters and PhD degrees in economics from Brown University.

 

Awards and Honors:

Addington Prize in Measurement (2013)
Society of Labor Economics, Elected Fellow (2015)

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Recent Commentary

COVID-19 Is Also a Reallocation Shock

by Jose Maria Barrero, Nick Bloom, Steven J. Davisvia Economics Working Papers
Thursday, June 25, 2020
Economics Working Paper 20113
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COVID-19 Is Also A Reallocation Shock

by Jose Maria Barrero, Nick Bloom, Steven J. Davisvia Brookings
Thursday, June 25, 2020

The COVID-19 pandemic is driving a massive shift in jobs and businesses—within industries, across industries, and across locations, concludes a paper to be discussed at the Brookings Papers on Economic Activity conference June 25, and government policies that impede that process could make a potentially slow and painful recovery even worse.

Interviews

Steven Davis: Paradigm Shift Reengineering Your Workforce For The COVID 19 Era And Beyond Final Cut

interview with Steven J. Davisvia EPAY Systems
Wednesday, June 24, 2020

Hoover Institution fellow Steven Davis analyzes re-engineering your workforce for the COVID 19 Era.

The Unprecedented Stock Market Reaction to COVID-19

by Scott R. Baker, Nicholas Bloom, Steven J. Davis, Kyle Kost, Marco Sammon, Tasaneeya Viratyosinvia Economics Working Papers
Tuesday, June 16, 2020

Economics Working Paper 20112

Economic Uncertainty Before and During the COVID-19 Pandemic

by David Altig, Scott R. Baker, Jose Maria Barrero, Nick Bloom, Phil Bunn, Scarlet Chen, Steven J. Davis, Julia Leather, Brent Meyer, Emil Mihaylov, Paul Mizen, Nick Parker, Thomas Renault, Pawel Smietanka, Greg Thwaitesvia Economics Working Papers
Thursday, June 11, 2020

Economics Working Paper 20111

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Steven J. Davis And Lee Ohanian: Unemployment, The Stock Market And Our Economic Future | Hoover Virtual Policy Briefing

interview with Steven J. Davis, Lee Ohanianvia Hoover Podcasts
Thursday, May 28, 2020

AUDIO ONLY

Steven J. Davis And Lee Ohanian discuss Unemployment, The Stock Market And Our Economic Future.

Steven J. Davis and Lee Ohanian: Unemployment, the Stock Market and our Economic Future

interview with Steven J. Davis, Lee Ohanianvia Hoover Virtual Policy Briefings
Thursday, May 28, 2020

A Hoover Virtual Policy Briefing with Steven J. Davis And Lee Ohanian: Unemployment, the Stock Market and our Economic Future  
Thursday, May 28, 2020 at 11AM PT/ 2PM ET

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Steven Davis: Pandemic Economics: A Case For Optimism

interview with Steven J. Davisvia The 1A
Thursday, May 28, 2020

Hoover Institution fellow Steven Davis discusses what an economic recovery might look like, what lawmakers and the private sector need to do, and how long the recovery process could take.

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Firms Expect Working From Home To Triple

by Steven J. Davisvia Federal Reserve Bank of Atlanta
Thursday, May 28, 2020

The coronavirus and efforts to mitigate its impact are having a transformative impact on many aspects of economic life, intensifying trends like shopping online rather than visiting brick-and-mortar stores and increasing the incidence of working from home. Indeed, many tech giants have already made working from home a permanent option for employees.

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Steven J. Davis: How COVID-19 Is Disrupting Business, Financial Markets, And Public Policy

interview with Steven J. Davisvia Chicago Booth Review
Tuesday, May 26, 2020

Hoover Institution fellow Steven Davis discusses how COVID-19 has disrupted the financial markets, economy, and public policy.

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