About

Brent Neiman is the Edward Eagle Brown Professor of Economics at Chicago Booth. He conducts research on international macroeconomics, finance, and trade. He has served as Counselor to the Secretary and Deputy Undersecretary for International Finance at the U.S. Treasury, working on international economic issues including the bilateral relationship with China, the response to Russia’s war in Ukraine, and global financial regulation.

Research topics

• Economics
• Computer Science
• Business
• Finance
• Macroeconomics
• Monetary economics
• Labour economics
• Demographic economics
• Financial economics
• International trade
• Financial system
• International economics

Selected publications

• The Incidence of Tariffs: Rates and Reality

  SSRN Electronic Journal · 2026-01-01 · 1 citations

  preprintOpen accessSenior author
  PublisherDOI

• The Incidence of Tariffs: Rates and Reality

  SSRN Electronic Journal · 2026-01-01

  preprintOpen accessSenior author
  PublisherDOI

• Financial Sanctions and the Global Payments Network

  SSRN Electronic Journal · 2026-01-01

  preprintOpen accessSenior author
  PublisherDOI

• The Incidence of Tariffs: Rates and Reality

  National Bureau of Economic Research · 2026-01-01 · 4 citations

  reportOpen accessSenior author

  In 2025, statutory tariff rates on U.S. imports rose to levels not seen in over one hundred years.What are the implications for prices?On the one hand, shipping lags, exemptions, and enforcement gaps have kept the actual implemented rates at only half of the statutory rates, moderating the tariffs' impact.On the other hand, tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs.We study the incidence of the 2018-2019 and 2025 U.S. tariffs and discuss implications for U.S. sourcing, domestic manufacturing costs, and the dollar.

  PublisherDOI

• Comments and Discussion

  Brookings Papers on Economic Activity · 2025-01-01

  article1st authorCorresponding
  PublisherDOI

• Corporate Debt Structure with Home and International Currency Bias

  IMF Economic Review · 2024-08-30

  article
  PublisherDOI

• Corporate Debt Structure with Home and International Currency Bias

  SSRN Electronic Journal · 2023-01-01 · 3 citations

  articleOpen access
  PublisherDOI

• Corporate Debt Structure with Home and International Currency Bias

  SSRN Electronic Journal · 2023-01-01 · 3 citations

  articleOpen access
  PublisherDOI

• Corporate Debt Structure with Home and International Currency Bias

  National Bureau of Economic Research · 2023-11-01 · 1 citations

  reportOpen access

  We explore the consequences of global capital market segmentation by currency for the optimal currency composition of borrowing by firms.Global bond portfolios are driven by the currency of denomination of assets as investors prefer to lend in their home currency or the international currency, the US Dollar.Larger and more productive firms select into foreign currency issuance.International segmentation results in a quantity-dimension of the exorbitant privilege whereby US firms that only issue in the domestic currency benefit from being able to more easily borrow from global investors.

  PublisherOA PDFDOI

• The Rise of Niche Consumption

  American Economic Journal Macroeconomics · 2023-06-30 · 36 citations

  articleOpen access1st authorCorresponding

  Over the last 15 years, individual households have concentrated their spending on a few preferred products. However, this is not driven by “superstar” products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result, aggregate spending concentration has decreased. We develop a model of heterogeneous household demand and use it to conclude that increasing product variety drives these divergent trends. When more products are available, households select products better matched to their tastes. This delivers welfare gains from selection equal to about half a percent per year in the categories covered by our data. (JEL D12, D91, E21, L66)

  PublisherOA PDFDOI

Recent grants

• Policy and Social Implications of Declining Labor Shares

  NSF · $410k · 2014–2020

Frequent coauthors

• Matteo Maggiori

  194 shared

• Jesse Schreger

  Center for Economic and Policy Research

  185 shared

• Andrew Lilley

  71 shared

• Loukas Karabarbounis

  Federal Reserve Bank of Minneapolis

  54 shared

• Andrew Lilley

  52 shared

• Gita Gopinath

  38 shared

• Samuel Kortum

  Yale University

  36 shared

• Jonathan Eaton

  32 shared

Labs

• Brent Neiman LabPI

Education

• Ph.D., Economics

  University of Chicago

  2001

• B.A., Economics

  Harvard University

  1996

Awards & honors

• Sloan Research Fellowship (2014)
• Economics in Central Banking Award
• AQR Insight Award
• Thouron Fellowship