Mark Gertler
Department of Economics
New York University
269 Mercer Street, 7th Floor
New York, NY 10003
Tel: 212/998-8931
Fax: 212/995-4186
E-Mail: 
WWW: http://www.econ.nyu.edu/user/gertlerm/
NBER Program Affiliations:
EFG
,
ME
,
AP
NBER Affiliation: Research Associate
Institutional Affiliation: New York University
Information about this author at RePEc
NBER Working Papers and Publications
| July 2019 | Economic Fluctuations and Growth Program Report
with Pete Klenow NBER Reporter 2019 number 2
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| June 2018 | What Happened: Financial Factors in the Great Recession
with Simon Gilchrist: w24746
Published: Mark Gertler & Simon Gilchrist, 2018. "What Happened: Financial Factors in the Great Recession," Journal of Economic Perspectives, vol 32(3), pages 3-30. citation courtesy of 
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| December 2017 | A Macroeconomic Model with Financial Panics
with Nobuhiro Kiyotaki, Andrea Prestipino: w24126
Published: Mark Gertler & Nobuhiro Kiyotaki & Andrea Prestipino, 2020. "A Macroeconomic Model with Financial Panics," The Review of Economic Studies, vol 87(1), pages 240-288.
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| August 2017 | Rethinking the Power of Forward Guidance: Lessons from Japan
w23707
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| June 2016 | Comment on "Macrofinancial History and the New Business Cycle Facts"
in NBER Macroeconomics Annual 2016, Volume 31, Martin Eichenbaum and Jonathan A. Parker, editors
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| Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
with Christopher Huckfeldt, Antonella Trigari: w22341
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| February 2016 | Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
with Diego Anzoategui, Diego Comin, Joseba Martinez: w22005
Published: Diego Anzoategui & Diego Comin & Mark Gertler & Joseba Martinez, 2019. "Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence," American Economic Journal: Macroeconomics, vol 11(3), pages 67-110. citation courtesy of
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| January 2016 | Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises
with Nobuhiro Kiyotaki, Andrea Prestipino: w21892
Published: M. Gertler, N. Kiyotaki, A. Prestipino, Chapter 16 - Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises, Editor(s): John B. Taylor, Harald Uhlig, Handbook of Macroeconomics, Elsevier, Volume 2, 2016, Pages 1345-1425, ISSN 1574-0048, ISBN 9780444594877, https://doi.org/10.1016/bs.hesmac.2016.03.009.
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| August 2014 | Comment on "Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination"
in NBER Macroeconomics Annual 2014, Volume 29, Jonathan A. Parker and Michael Woodford, editors
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| June 2014 | Monetary Policy Surprises, Credit Costs and Economic Activity
with Peter Karadi: w20224
Published: Mark Gertler & Peter Karadi, 2015. "Monetary Policy Surprises, Credit Costs, and Economic Activity," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(1), pages 44-76, January. citation courtesy of
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| October 2013 | Monetary Policy Surprises, Credit Costs and Economic Activity
with Peter Karadi
in Lessons from the Financial Crisis for Monetary Policy, Mark Gertler, organizer
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| June 2013 | Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy
with Nobuhiro Kiyotaki: w19129
Published: Mark Gertler & Nobuhiro Kiyotaki, 2015. "Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy," American Economic Review, American Economic Association, vol. 105(7), pages 2011-43, July. citation courtesy of
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| August 2012 | Comment on "Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009"
in NBER Macroeconomics Annual 2012, Volume 27, Daron Acemoglu, Jonathan Parker, and Michael Woodford, editors
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| February 2010 | Front matter, table of contents
with Jordi Gali
in International Dimensions of Monetary Policy , Jordi Galí and Mark J. Gertler, editors
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| List of contributors, Indexes
with Jordi Gali
in International Dimensions of Monetary Policy , Jordi Galí and Mark J. Gertler, editors
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| June 2009 | Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations
with Diego A. Comin, Ana Maria Santacreu: w15029
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| June 2008 | Comment on "Aggregate Implications of Credit Market Imperfections"
in NBER Macroeconomics Annual 2007, Volume 22, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
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| April 2008 | Current Account Dynamics and Monetary Policy
with Andrea Ferrero, Lars E.O. Svensson: w13906
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| October 2007 | Macroeconomic Modeling for Monetary Policy Evaluation
with Jordi Galí: w13542
Published: Jordi Galí & Mark Gertler, 2007. "Macroeconomic Modeling for Monetary Policy Evaluation," Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 25-46, Fall. citation courtesy of
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| June 2007 | Introduction to "International Dimensions of Monetary Policy"
with Jordi Gali
in International Dimensions of Monetary Policy , Jordi Galí and Mark J. Gertler, editors
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| Current Account Dynamics and Monetary Policy
with Andrea Ferrero, Lars E. O. Svensson
in International Dimensions of Monetary Policy , Jordi Galí and Mark J. Gertler, editors
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| August 2006 | Unemployment Fluctuations With Staggered Nash Wage Bargaining
with Antonella Trigari: w12498
Published:
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| April 2006 | Front matter, table of contents
with Kenneth Rogoff
in NBER Macroeconomics Annual 2005, Volume 20, Mark Gertler and Kenneth Rogoff, editors
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| Editorial, Abstracts
with Kenneth Rogoff
in NBER Macroeconomics Annual 2005, Volume 20, Mark Gertler and Kenneth Rogoff, editors
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| January 2006 | A Phillips Curve with an Ss Foundation
with John Leahy: w11971
Published: Gertler, Mark and John Leahy. "A Phillips Curve with an Ss Foundation." Journal of Political Economy 116, 3 (2008). citation courtesy of
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| November 2005 | Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
with Jordi Gali, David Lopez-Salido: w11788
Published: Gali, Jordi & Gertler, Mark & David Lopez-Salido, J., 2005. "Robustness of the estimates of the hybrid New Keynesian Phillips curve," Journal of Monetary Economics, Elsevier, vol. 52(6), pages 1107-1118, September. citation courtesy of
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| April 2005 | Front matter, table of contents
with Kenneth Rogoff
in NBER Macroeconomics Annual 2004, Volume 19, Mark Gertler and Kenneth Rogoff, editors
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| Editorial, abstracts
with Kenneth Rogoff
in NBER Macroeconomics Annual 2004, Volume 19, Mark Gertler and Kenneth Rogoff, editors
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| July 2004 | Front matter, table of contents,
with Kenneth Rogoff
in NBER Macroeconomics Annual 2003, Volume 18, Mark Gertler and Kenneth Rogoff, editors
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| Editorial in "NBER Macroeconomics Annual 2003, Volume 18"
with Kenneth Rogoff
in NBER Macroeconomics Annual 2003, Volume 18, Mark Gertler and Kenneth Rogoff, editors
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| Abstracts
with Kenneth Rogoff
in NBER Macroeconomics Annual 2003, Volume 18, Mark Gertler and Kenneth Rogoff, editors
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| December 2003 | External Constraints on Monetary Policy and the Financial Accelerator
with Simon Gilchrist, Fabio Natalucci: w10128
Published:
- Gertler, Mark, Simon Gilchrist, and Fabio Natalucci. "External Constraints on Monetary Policy and the Financial Accelerator," Proceedings, Federal Reserve Bank of San Francisco, March 2-3, 2001 citation courtesy of
- Gertler, Mark, Simon Gilchrist, and Fabio Natalucci. "External Constraints on Monetary Policy and the Financial Accelerator," Journal of Money, Credit and Banking 39(2-3): 295-330, March/April 2007 citation courtesy of
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| September 2003 | Medium Term Business Cycles
with Diego Comin: w10003
Published: Comin, Diego and Mark Gertler. "Medium-Term Business Cycles," American Economic Review, 2006, v96(3,Jun), 523-551. citation courtesy of
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| June 2003 | Inflation Dynamics: Combining Measurement with Theory
with Jordi Gali NBER Reporter Summer 03
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| January 2003 | Front matter, table of contents
with Kenneth Rogoff
in NBER Macroeconomics Annual 2002, Volume 17, Mark Gertler and Kenneth Rogoff, editors
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| Editorial in "NBER Macroeconomics Annual 2002, Volume 17"
with Kenneth Rogoff
in NBER Macroeconomics Annual 2002, Volume 17, Mark Gertler and Kenneth Rogoff, editors
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| Abstracts
with Kenneth Rogoff
in NBER Macroeconomics Annual 2002, Volume 17, Mark Gertler and Kenneth Rogoff, editors
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| April 2002 | A Simple Framework for International Monetary Policy Analysis
with Richard Clarida, Jordi Gali: w8870
Published: Clarida, Richard, Jordi Gali and Mark Gertler. "A Simple Framework For International Monetary Policy Analysis," Journal of Monetary Economics, 2002, v49(5,Jul), 879-904. citation courtesy of
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| March 2002 | Markups, Gaps, and the Welfare Costs of Business Fluctuations
with Jordi Gali, J. David Lopez-Salido: w8850
Published: Jordi Galí & Mark Gertler & J. David López-Salido, 2007. "Markups, Gaps, and the Welfare Costs of Business Fluctuations," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 44-59, November. citation courtesy of
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| November 2001 | Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
with Richard Clarida, Jordi Gali: w8604
Published: Clarida, Richard, Jordi Gali and Mark Gertler. "Optimal Monetary Policy In Open Versus Closed Economies," American Economic Review, 2001, v91(2,May), 248-252.
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| April 2001 | European Inflation Dynamics
with Jordi Gali, J. David Lopez-Salido: w8218
Published: Gali, Jordi, Mark Gertler and J. David Lopez-Salido. "European Inflation Dynamics," European Economic Review, 2001, v45(7,Jun), 1237-1270. citation courtesy of
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| February 2000 | The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications
with Cara S. Lown: w7549
Published: Gertler, Mark & Lown, Cara S, 1999. "The Information in the High-Yield Bond Spread for the Business Cycle: Evidence and Some Implications," Oxford Review of Economic Policy, Oxford University Press, vol. 15(3), pages 132-50, Autumn. citation courtesy of
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| Inflation Dynamics: A Structural Econometric Analysis
with Jordi Gali: w7551
Published: Journal of Monetary Economics, Vol. 44, no. 2 (1999): 195-222. citation courtesy of
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| Monetary Policy and Asset Price Volatility
with Ben Bernanke: w7559
Published:
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| May 1999 | The Science of Monetary Policy: A New Keynesian Perspective
with Richard Clarida, Jordi Gali: w7147
Published: Journal of Economic Literature, Vol. 37, no. 2 (December 1999): 1661-1707. citation courtesy of
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| October 1998 | "Overreaction" of Asset Prices in General Equilibrium
with S. Rao Aiyagari: w6747
Published: Review of Economic Dynamics, Vol. 2, no. 1 (January 1999): 3-35 citation courtesy of
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| March 1998 | The Financial Accelerator in a Quantitative Business Cycle Framework
with Ben Bernanke, Simon Gilchrist: w6455
Published:
- Review of Economics and Statistics, Vol. 78, no. 1 (February 1996): 1-15.
- Bernanke, Ben S. & Gertler, Mark & Gilchrist, Simon, 1999. "The financial accelerator in a quantitative business cycle framework," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 21, pages 1341-1393 Elsevier.
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| Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
with Richard Clarida, Jordi Gali: w6442
Published: Quarterly Journal of Economics, Vol. CXV, issue 1 (2000): 147-180. citation courtesy of
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| November 1997 | Monetary Policy Rules in Practice: Some International Evidence
with Richard Clarida, Jordi Gali: w6254
Published: European Economic Review, Vol. 42 (June 1998): 1033-1067. citation courtesy of
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| April 1997 | Government Debt and Social Security in a Life-Cycle Economy
w6000
Published: Carnegie-Rochester Conference Series on Public Policy, Vol. 50, no. 1 (June 1999): 61-110 citation courtesy of
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| January 1997 | How the Bundesbank Conducts Monetary Policy
with Richard H. Clarida
in Reducing Inflation: Motivation and Strategy, Christina D. Romer and David H. Romer, Editors
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| May 1996 | How the Bundesbank Conducts Monetary Policy
with Richard Clarida: w5581
Published: Reducing Inflation: Motivation and Strategy, C. Romer and D. Romer, eds.(Chicago: University of Chicago Press, 1997)
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| June 1995 | Inside the Black Box: The Credit Channel of Monetary Policy Transmission
with Ben S. Bernanke: w5146
Published: Journal of Economic Perspectives, Fall 1995, vol. 9, no. 4, pp. 27-48. citation courtesy of
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| February 1995 | Are Banks Dead? Or Are the Reports Greatly Exaggerated?
with John H. Boyd: w5045
Published:
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| July 1994 | The Financial Accelerator and the Flight to Quality
with Ben Bernanke, Simon Gilchrist: w4789
Published: Review of Economics and Statistics, vol. LXXVIII, no. 1, February 1996, pp. 1-15 citation courtesy of
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| June 1994 | Financial Conditions and Macroeconomic Behavior
NBER Reporter Reporter_archive
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| July 1993 | U.S. Commercial Banking: Trends, Cycles, and Policy
with John H. Boyd: w4404
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| January 1993 | U.S. Commercial Banking: Trends, Cycles, and Policy
with John H. Boyd
in NBER Macroeconomics Annual 1993, Volume 8, Olivier Jean Blanchard and Stanley Fischer, editors
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| November 1991 | Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms
with Simon Gilchrist: w3892
Published: Gertler, Mark & Gilchrist, Simon, 1994. "Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms," The Quarterly Journal of Economics, MIT Press, vol. 109(2), pages 309-40, May citation courtesy of
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| Corporate Financial Policy, Taxation, and Macroeconomic Risk
with R. Glenn Hubbard: w3902
Published: Rand Journal of Economics, 24 (Summer 1993), 286-303 citation courtesy of
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| January 1991 | Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation
with R. Glenn Hubbard, Anil Kashyap
in Financial Markets and Financial Crises, R. Glenn Hubbard, editor
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| October 1990 | Asset Returns with Transactions Cost and Uninsured Risk: A Stage III Exercise
with S. Rao Aiyagari: w3481
Published: "Asset Returns with Transactions Costs and Uninsurable Individual Risk." Journal of Monetary Economics 27(3):311-331, June 1991. citation courtesy of
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| Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation
with R. Glenn Hubbard, Anil Kashyap: w3495
Published: Financial Markets and Financial Crises, ed. R. Glenn Hubbard, University of Chicago Press, 1991.
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| January 1990 | Taxation, Corporate Capital Structure, and Financial Distress
with R. Glenn Hubbard
in Tax Policy and the Economy: Volume 4, Lawrence H. Summers, editor
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| December 1989 | Taxation, Corporate Capital Structure, and Financial Distress
with R. Glenn Hubbard: w3202
Published:
- Tax Policy and the Economy 4, edited by Lawrence H. Summers, pp. 43-71. Cambridge, MA: MIT Press, 1990.
- Gertler, Mark and R. Glenn Hubbard. "Corporate Financial Policy, Taxation, And Macroeconomic Risk," Rand Journal of Economics, 1993, v24(2), 286-303.
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| March 1989 | Developing Country Borrowing and Domestic Wealth
with Kenneth Rogoff: w2887
Published:
- "Developing Country Borrowing and Domestic Wealth," Proceedings, Federal Bank of San Francisco, 1989. citation courtesy of
- "North-South Lending and Endogenous Domestic Capital Market Inefficiencies," Journal of Monetary Economics, Vol. 26, No. 2, October 1990.
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| November 1988 | Financial Factors in Business Fluctuations
with R. Glenn Hubbard: w2758
Published: Mark Gertler & R. Glenn Hubbard, 1988. "Financial factors in business fluctuations," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 33-78. citation courtesy of
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| Financial Capacity, Reliquification, and Production in an Economy with Long-Term Financial Arrangements
w2763
Published: "Financial Capacity and Output Fluctuations in an Economy with Multiperiod Financial Relationships." Review of Economic Studies, July 1992,p. 455-492
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| April 1988 | Financial Structure and Aggregate Economic Activity: An Overview
w2559
Published:
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| July 1987 | Financial Fragility and Economic Performance
with Ben Bernanke: w2318
Published: Quarterly Journal of Economics, Vol. 105, No. 1, pp. 87-114, February 1990. citation courtesy of
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| September 1986 | Agency Costs, Collateral, and Business Fluctuations
with Ben S. Bernanke: w2015
Published:
- Bernanke, Ben and Mark Gertler, "Agency Costs, Net Worth, and Business Fluctuations," American Economic Review, vol. 79, no. 1, pp. 14-31, March 1989
- Ben Bernanke & Mark Gertler, 1986. "Agency costs, collateral, and business fluctuations," Proceedings, Federal Reserve Bank of San Francisco citation courtesy of
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| June 1985 | Banking in General Equilibrium
with Ben S. Bernanke: w1647
Published: Bernanke, Ben and Mark Gertler. "Banking and Macroeconomic Equilibrium," New Approaches to Monetary Economics, ed. W. Barnett and K. Singleton, New York: Cambridge University Press, 1987. with Mark Gertler
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