Codirectors
Mark Gertler is the Henry and Lucy Moses Professor of Economics at New York University. His research ranges widely within macroeconomics, touching on business cycles, monetary economics, and the links between the financial and real sectors of the economy. He has been an NBER affiliate since 1986.
Pete Klenow is the Ralph Landau Professor in Economic Policy at Stanford University, and the Gordon Moore Senior Fellow at the Stanford Institute for Economic Policy Research. His research interests center on macroeconomics and productivity analysis. He has been an NBER affiliate since 1997.
Featured Program Content
One leading view in finance is that the high volatility of the stock market valuations of US corporations is driven by large fluctuations in expected returns....
Over the past century, transportation costs have fallen dramatically, yielding substantial economic benefits. In The Long-Run Effects of Transportation...
In Why Didn’t the US Unemployment Rate Rise at the End of WWII? (NBER Working Paper 33041), Shigeru Fujita, Valerie A. Ramey, and Tal Roded investigate why the...