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Christopher D. Cotton

Federal Reserve Bank of Boston

600 Atlantic Avenue

Boston, MA 02210

United States

SCHOLARLY PAPERS

18

DOWNLOADS

1,815

TOTAL CITATIONS

8

Scholarly Papers (18)

1.

Monetary Policy and Stock Prices

Number of pages: 21 Posted: 23 May 2022
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 525 (132,764)
Citation 2

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monetary policy, stock prices, yield curve

2.

Debt, Deficits, and Interest Rates

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 93543
Number of pages: 31 Posted: 27 Dec 2021
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 127 (569,079)

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debt, interest rates, deficit, Ricardian equivalence

3.

Forecasting CPI Shelter Under Falling Market-Rent Growth

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 95664
Number of pages: 20 Posted: 05 May 2023
Christopher D. Cotton and John O’Shea
Federal Reserve Bank of Boston and Independent
Downloads 122 (588,531)

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rent, housing, CPI, PCE

Consumption Heterogeneity by Occupation: Understanding the Impact of Occupation on Personal Consumption During the COVID-19 Pandemic

Number of pages: 33 Posted: 01 Nov 2020
Christopher D. Cotton, Vaishali Garga and Justin Rohan
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 67 (912,349)

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Consumption, Occupation, Unemployment Risk, COVID-19, CARES Act

Consumption Heterogeneity by Occupation: Understanding the Impact of Occupation on Personal Consumption During the Covid-19 Pandemic

FRB of Boston Working Paper No. 20-16
Number of pages: 30 Posted: 04 Jan 2021
Christopher D. Cotton, Vaishali Garga and Justin Rohan
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 53 (1,049,673)

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consumption, occupation, unemployment risk, COVID-19, CARES act

5.

The Predictability of Global Monetary Policy Surprises

FRB of Boston Working Paper No. 25-14
Number of pages: 54 Posted: 02 Dec 2025
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 115 (621,896)

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monetary policy surprise, central bank, global interest rate cycle, predictability

6.

To What Degree and through Which Channel Do Central Banks Other Than the Federal Reserve Cause Spillovers?

Number of pages: 41 Posted: 23 Sep 2022
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 104 (669,616)

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monetary policy spillovers, central bank, global financial cycle

Looking Beyond the Fed: Do Central Banks Cause Information Effects?

FRB of Boston Working Paper No. 22-21
Number of pages: 18 Posted: 21 Dec 2022
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 51 (1,083,731)

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information effect, forecasts, monetary policy surprise, central bank

Looking Beyond the Fed: Do Central Banks Cause Information Effects?

Number of pages: 18 Posted: 21 Sep 2022
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 50 (1,083,731)

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information effect, forecasts, monetary policy surprise, central bank

8.

Consumption Spending During the Covid-19 Pandemic

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 93430
Number of pages: 41 Posted: 08 Dec 2021
Christopher D. Cotton, Vaishali Garga and Justin Rohan
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 91 (736,406)
Citation 2

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consumption, inequality, COVID-19, economic factors, demographic factors

9.

What is Driving Inflation—Besides the Usual Culprits?

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 96859
Number of pages: 9 Posted: 22 Sep 2023
Christopher D. Cotton and Vaishali Garga
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 87 (759,537)

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Inflation, CPI, supercore

10.

A Faster Convergence of Shelter Prices and Market Rent: Implications for Inflation

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 2024-4
Number of pages: 8 Posted: 26 Jun 2024
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 83 (783,685)

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CPI, PCE, housing, disinflation, COVID-19

11.

The Role of Industrial Composition in Driving the Frequency of Price Change

FRB of Boston Working Paper No. 22-9
Number of pages: 63 Posted: 16 Aug 2022
Christopher D. Cotton and Vaishali Garga
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 73 (867,774)
Citation 2

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industrial composition, inflation, services, price rigidity, Phillips curve

12.

Forecasting the Price of Shelter: The Importance of the Market-Shelter Gap

Number of pages: 31 Posted: 09 Oct 2024
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 58 (980,173)

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CPI, shelter, housing, rent, market-shelter gap

13.

The Pass‐Through of Gaps between Market Rent and the Price of Shelter

FRB of Boston Working Paper No. 24-6
Number of pages: 25 Posted: 25 Jun 2024
Christopher D. Cotton
Federal Reserve Bank of Boston
Downloads 53 (1,041,696)
Citation 1

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CPI, housing

14.

Impact of Occupational Unemployment Risk on Household Spending

FRB of Boston Working Paper No. 22-7
Number of pages: 33 Posted: 31 May 2022
Christopher D. Cotton, Vaishali Garga and Justin Rohan
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 53 (1,031,043)

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unemployment risk, expenditures, life-cycle consumption, permanent income

15.

The Distribution of Sectoral Price Changes and Recent Inflation Developments

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 96665
Number of pages: 10 Posted: 05 Sep 2023
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 51 (1,052,702)
Citation 1

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inflation persistence, bimodality, sectoral price change distribution, underlying inflation

16.

Transitory or Persistent? What the Frequency of Price Changes May Tell Us about Inflation

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 25-11
Number of pages: 8 Posted: 02 Sep 2025
Christopher D. Cotton and Vaishali Garga
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 33 (1,277,121)

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sticky prices, inflation, prices, persistence, spillover, Consumer Price Index

17.

The Price-Change Statistics We’ve Weighted For

FRB of Boston Working Paper No. 26-2
Number of pages: 88 Posted: 24 Apr 2026
Christopher D. Cotton and Vaishali Garga
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 11 (1,541,665)

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Frequency of price changes, size of price changes, price stickiness, price distribution, monetary non-neutrality, consumer price index, expenditure weights

18.

Pricing in the New Year: Why Inflation Behaves Differently at the Start of the Year

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 26-1
Number of pages: 5 Posted: 05 Feb 2026
Christopher D. Cotton, Anna Durall and Vaishali Garga
Federal Reserve Bank of Boston, Independent and Federal Reserve Bank of Boston
Downloads 8 (1,555,090)

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residual seasonality, January inflation, Frequency of price changes