Photo of Byron Lutz

Byron Lutz

Education

  • Ph.D., Economics, Massachusetts Institute of Technology, 2005
  • B.A., Economics and History, University of North Carolina, 1997
Current Research Topics
  • Economic Effects of the Paycheck Protection Program (PPP)
  • Effect of Pandemic on State and Local Government Finances
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2020 - present
  • Chief of Fiscal Analysis

    Board of Governors of the Federal Reserve System

    2014 - 2020
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2010 - 2014
  • Economist

    Board of Governors of the Federal Reserve System

    2005 - 2010
  • Across the Universe: Policy Support for Employment and Revenue in the Pandemic Recession
    Ryan A. Decker, Robert J. Kurtzman, Byron F. Lutz, and Christopher J. Nekarda
    American Economic Review: Papers and Proceedings (2021)
    https://doi.org/10.1257/pandp.20211058
    See also » FRB Working Paper (2021)
  • The Sustainability of State and Local Government Pensions: A Public Finance Approach
    Jamie Lenney, Byron Lutz, Finn Schüle, and Louise Sheiner
    Brookings Papers on Economic Activity (2021)
  • Effects of COVID-19 on Federal, State, and Local Government Budgets
    Alan J. Auerbach, William G. Gale, Byron Lutz, and Louise Sheiner
    Brookings Papers on Economic Activity (2020)
  • Vestiges of Transit: Urban Persistence at a Microscale
    Leah Brooks and Byron Lutz
    Review of Economics and Statistics (2019)
    https://doi.org/10.1162/rest_a_00817
  • Can Fiscal Rules Constrain the Size of Government? An Analysis of the 'Crown Jewel' of Tax and Expenditure Limitations
    Paul Eliason and Byron Lutz
    Journal of Public Economics (2018)
    https://doi.org/10.1016/j.jpubeco.2018.07.008
  • Fiscal Policy and Aggregate Demand in the USA Before, During and Following the Great Recession
    David Cashin, Jamie Lenney, Byron Lutz, and William Peterman
    International Tax and Public Finance (2018)
    https://doi.org/10.1007/s10797-018-9497-0
    See also » FRB Working Paper (2017)
  • From Today's City to Tomorrow's City: An Empirical Investigation of Urban Land Assembly
    Byron Lutz and Leah Brooks
    American Economic Journal: Economic Policy (2016)
    https://doi.org/10.1257/pol.20130399
  • Quasi-experimental Evidence on the Connection between Property Taxes and Residential Capital Investment
    Byron Lutz
    American Economic Journal: Economic Policy (2015)
    https://doi.org/10.1257/pol.20120017
  • The Fiscal Stress Arising from State and Local Retiree Health Obligations
    Byron Lutz and Louise Sheiner
    Journal of Health Economics (2014)
    https://doi.org/10.1016/j.jhealeco.2014.06.002
  • Fiscal Rules: What Does the American Experience Tell Us?
    Glenn Follette and Byron F. Lutz
    Fiscal Policy: Lessons from the Crisis (2012)
    See also » FRB Working Paper (2012)
  • School Desegregation, School Choice, and Changes in Residential Location Patterns by Race
    Nathaniel Baum-Snow and Byron F. Lutz
    American Economic Review (2011)
    https://doi.org/10.1257/aer.101.7.3019
    See also » FRB Working Paper (2008)
  • The End of Court-Ordered Desegregation
    Byron Lutz
    American Economic Journal: Economic Policy (2011)
    https://doi.org/10.1257/pol.3.2.130
  • The Housing Crisis and State and Local Government Tax Revenue: Five Channels
    Byron Lutz, Raven Molloy, and Hui Shan
    Regional Science and Urban Economics (2011)
    https://doi.org/10.1016/j.regsciurbeco.2011.03.009
    See also » FRB Working Paper (2010)
  • Fiscal Policy in the United States: Automatic Stabilizers, Discretionary Fiscal Policy Actions, and the Economy
    Glenn Follette and Byron F. Lutz
    Banca d'Italia (2011)
    See also » FRB Working Paper (2010)
  • Taxation with Representation: Intergovernmental Grants in a Plebiscite Democracy
    Byron Lutz
    Review of Economics and Statistics (2010)
    https://doi.org/10.1162/rest.2010.12258
    See also » FRB Working Paper (2006)
  • The Effects of School Desegregation on Crime
    David A. Weiner, Byron F. Lutz, and Jens Ludwig
    NBER Working Paper Series (2009)
    https://doi.org/10.3386/w15380
  • Schools and the Equal Opportunity Problem
    Byron F. Lutz
    Economica (2008)
    https://doi.org/10.1111/j.1468-0335.2008.00704.x
  • The Connection between House Price Appreciation and Property Tax Revenues
    Byron F. Lutz
    National Tax Journal (2008)
    See also » FRB Working Paper (2008)
  • State and Local Finances and the Macroeconomy: The High-Employment Budget and Fiscal Impetus
    Glenn Follette, Andrea Kusko, and Byron Lutz
    National Tax Journal (2008)
    See also » FRB Working Paper (2009)
  • The Impact of Employer-Provided Health Insurance on Dynamic Employment Transitions
    Donna B. Gilleskie and Byron F. Lutz
    Journal of Human Resources (2002)
    https://doi.org/10.2307/3069606
Awards
  • 2019

    National Tax Association

    National Tax Journal Referee of the Year

  • 2011

    Lincoln Institute for Land Policy

    David C. Lincoln Fellowship

  • 2005

    National Tax Association

    Doctoral Dissertation First Runner-Up

  • 2005

    American Educational Research Association

    Dissertation Grant

  • 2003

    MIT Economics Department

    George Schultz Fund Grant

  • 2000

    National Science Foundation

    Graduate Fellowship

Referee
  • American Economic Review
  • Quarterly Journal of Economics
  • Journal of Political Economy
  • Review of Economic Studies
  • American Economic Journal: Applied Economics
  • American Economic Journal: Public Policy
  • Review of Economics and Statistics
  • Journal of the European Economic Association
  • Journal of Public Economics
  • Journal of Urban Economics
  • National Tax Journal
  • Regional Science and Urban Economics
  • Journal of Human Resources
  • The B.E. Journal of Economic Analysis & Policy
  • Journal of Policy Analysis and Management
  • Journal of Law, Economics, and Organization
  • Health Economics
  • Land Economics
  • Economic Inquiry
  • Journal of Housing Economics
  • Real Estate Economics
  • Public Finance Review
  • International Tax and Public Finance
Professional Affiliation
  • Board Member, National Tax Association, 2019-2022
Last update: March 7, 2022