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Meet the Researchers

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Aditya Aladangady

Principal Economist Microeconomic Surveys Section Research and Statistics
[email protected]

Education

  • Ph.D., Economics, University of Michigan, 2014
Current Research Topics
  • Househehold Credit and Expenditures
  • Housing Markets
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2020 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2017 - 2020
  • Economist

    Board of Governors of the Federal Reserve System

    2014 - 2017
  • Locked In: Mobility, Market Tightness, and House Prices
    Aditya Aladangady, Jacob Krimmel, and Tess Scharlemann
    Finance and Economics Discussion Series (2025)
    https://doi.org/10.17016/FEDS.2024.088r1
  • Locked In: Rate Hikes, Housing Markets, and Mobility
    Aditya Aladangady, Jacob Krimmel, and Tess Scharlemann
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.088
  • Greater wealth, greater uncertainty: Changes in racial inequality in the Survey of Consumer Finances
    Aditya Aladangady, Andrew C. Chang, and Jacob Krimmel
    Journal of Economic Inequality (2024)
    https://doi.org/10.1007/s10888-024-09639-4
  • Changes in U.S. Family Finances from 2019 to 2022: Evidence from the Survey of Consumer Finances
    Aditya Aladangady, Jesse Bricker, Andrew C. Chang, Sarena Goodman, Jacob Krimmel, Kevin B. Moore, Sarah Reber, Alice Henriques Volz, and Richard A. Windle
    Survey of Consumer Finances (2023)
    https://doi.org/10.17016/8799
  • Greater Wealth, Greater Uncertainty: Changes in Racial Inequality in the Survey of Consumer Finances
    Aditya Aladangady, Andrew C. Chang, and Jacob Krimmel
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3405
  • Spending Responses to High-Frequency Shifts in Payment Timing: Evidence from the Earned Income Tax Credit
    Aditya Aladangady, Shifrah Aron-Dine, David Cashin, Wendy Dunn, Laura Feiveson, Paul Lengermann, Katherine Richard, and Claudia Sahm
    American Economic Journal: Economic Policy (2023)
    https://doi.org/10.1257/pol.20200590
  • House Price Growth and Inflation During COVID-19
    Aditya Aladangady, Elliot Anenberg, and Daniel Garcia
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3228
  • Excess Savings during the COVID-19 Pandemic
    Aditya Aladangady, David Cho, Laura Feiveson, and Eugenio Pinto
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3223
  • Macroeconomic Implications of Inequality and Income Risk
    Aditya Aladangady, Etienne Gagnon, Benjamin K. Johannsen, and William B. Peterman
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.073
  • Wealth Inequality and the Racial Wealth Gap
    Aditya Aladangady and Akila Forde
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2861
  • The Unusual Composition of Demand during the Pandemic
    Aditya Aladangady and Daniel Garcia
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2831
  • How Much Does Home Equity Extraction Matter for Spending?
    Aditya Aladangady and Kelsey O'Flaherty
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2535
  • From Transactions Data to Economic Statistics: Constructing Real-time, High-frequency, Geographic Measures of Consumer Spending
    Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Paul Lengermann, and Claudia Sahm
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.057
  • Living at Home Ain't Such a Drag (on Spending): Young Adults' Spending In and Out of Their Parents' Home
    Aditya Aladangady, Laura Feiveson, and Andrew Paciorek
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2301
  • High-frequency Spending Responses to the Earned Income Tax Credit
    Aditya Aladangady, Shifrah Aron-Dine, David Cashin, Wendy Dunn, Laura Feiveson, Paul Lengermann, Katherine Richard, and Claudia Sahm
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2199
  • A Not-So-Great Recovery in Consumption: What is Holding Back Household Spending?
    Aditya Aladangady and Laura Feiveson
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2159
  • Housing Wealth and Consumption: Evidence from Geographically-Linked Microdata
    Aditya Aladangady
    American Economic Review (2017)
    https://doi.org/10.1257/aer.20150491
  • The Effect of Sales-Tax Holidays on Consumer Spending
    Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Paul Lengermann, and Claudia Sahm
    FEDS Notes (2017)
    https://doi.org/10.17016/2380-7172.1941
  • The Effect of Hurricane Matthew on Consumer Spending
    Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Paul Lengermann, and Claudia Sahm
    FEDS Notes (2016)
    https://doi.org/10.17016/2380-7172.1888
  • Do Lower Gasoline Prices Boost Confidence?
    Aditya Aladangady and Claudia R. Sahm
    FEDS Notes (2015)
    https://doi.org/10.17016/2380-7172.1501
  • Homeowner Balance Sheets and Monetary Policy
    Aditya Aladangady
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.98
  • Essays on Household Balance Sheets and Consumption
    Aditya Aladangady
    University of Michigan (2014)
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Last Update: November 21, 2025