He is also a research consultant at the Federal Reserve Bank of Minneapolis and a research associate in the NBER’s Economic Fluctuations and Growth Program and International Finance and Macroeconomics Program. He serves as a member of the board of editors of the American Economic Review and as an associate editor of the Journal of Monetary Economics. Prior to joining the University of Minnesota, he was an associate professor of economics at the University of Chicago's Booth School of Business. He has served as a senior research economist at the Federal Reserve Bank of Minneapolis.