Amy Higgins |

Research Analyst

Amy Higgins, Research Analyst

Amy Higgins is a research analyst in the Research Department of the Federal Reserve Bank of Cleveland. Her primary interests include microeconomics, regional, urban, and development economics, labor economics, econometrics, and learning how to apply linear, nonlinear, and dynamic programming and stochastic modeling to economics.

Ms. Higgins joined the bank as in intern in the Community Development Department in 2013 and moved to the Research Department as a full-time employee later that year.

Ms. Higgins earned a BS in economics and applied mathematics from the University of Akron and a master of science in management, with specialization in operations research and supply chain management, from Case Western Reserve University.

  • Fed Publications
Title Date Publication Author(s) Type


August, 2014 Amy Higgins; Randal J Verbrugge; Economic Trends
Abstract: Recently, the overall rate of inflation has risen, owing partly to inflation in Owners’ Equivalent Rent (OER). But many wonder if the current rate of OER inflation, which is now at levels not seen since 2009, is simply a blip. We apply a forecasting approach to estimate whether OER inflation will continue to be elevated going forward, or whether it will revert back to the lower levels that have been more typical over the last several years. We find that OER inflation is likely to remain elevated over the next year.



July, 2014 Amy Higgins; Daniel R Carroll; Economic Trends
Abstract: Many parents believe their children must get a college degree—especially if they want to have at least as comfortable a lifestyle as their parents had; yet the price of a college degree has been rising rapidly over the past three decades. As costs have risen, more and more students and their families have turned to education loans for financing. This trend, combined with the strong propensity for households to form among individuals of similar education levels, has led to much larger student loan debt burdens for households headed by young adults who have attended college.



October, 2013 Amy Higgins; Yuliya Demyanyk; Economic Trends
Abstract: Household debt has been shrinking since 2009, and the latest data show the trend continues. While auto and student loans have been increasing, credit card and other debt has been declining. Aggregate mortgage debt also continues to decline, despite growing numbers of existing home sales.