Matthew Shapiro's general area of expertise is macroeconomics. He has carried out research on investment and capital utilization, business-cycle fluctuations, consumption and saving, financial markets, fiscal policy, monetary policy, time-series econometrics, economics of aging, economic measurement, and survey methodology.
Among his current research interests are modeling saving, retirement, health, insurance, and portfolio choices of older Americans; using surveys to address questions in macroeconomics and individual decision-making; modeling how changes in tax policy affect consumption, investment, employment, and output; improving the quality of national economic statistics; and using naturally-occurring data such as account records and social media to measure and understand economic activity.
During 1993-1994, Shapiro served as senior economist at the Council of Economic Advisers, with responsibilities for macroeconomic analysis and the weekly economic briefing of the president. He was also a junior staff economist at the Council during 1979–80. Prior to joining the faculty of the University of Michigan in 1989, Shapiro was an assistant professor of economics at Yale and a member of the Cowles Foundation for Research in Economics. He chaired the Department of Economics at the University of Michigan from 2003 to 2007.
From 1997 to 2000, Shapiro was co-editor of the American Economic Review, and he is currently an editor of the American Economic Journal: Economic Policy. He is a research associate of the National Bureau of Economic Research. He chairs the Federal Economic Statistics Advisory Committee (FESAC)—the official advisory committee of the Census Bureau, the Bureau of Labor Statistics, and the Bureau of Economic Analysis. He is also a member of the Academic Advisory Panel of the Federal Reserve Bank of Chicago.
Shapiro was awarded the TIAA-CREF Paul A. Samuelson Certificate of Excellence for Outstanding Scholarly Writing (jointly with R. Barsky, F.T. Juster, and M. Kimball. He also won the LSA Excellence in Research Award and the Rackham Faculty Fellowship Enhancement Award from the University of Michigan.
Shapiro received BA and MA degrees in economics from Yale in 1979 and a PhD in economics from M.I.T. in 1984.