Program Co-Directors

Nakamura headshot

Emi Nakamura is a Chancellor’s Professor of Economics at the University of California, Berkeley. Her research interests center on monetary and fiscal policy, macroeconomic measurement, and the determinants of business cycles. She has been an NBER affiliate since 2007.

Jon Steinsson Profile.jpg

Jón Steinsson is a Chancellor’s Professor of Economics at the University of California, Berkeley. His research interests include price rigidity, the effects of monetary and fiscal policies on economic activity, and monetary policy design. He has been an NBER affiliate since 2007.

Featured Program Content

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  • Article
Consumers who experience extreme changes in grocery prices are more likely to base inflation expectations on those...
  • Working Paper
We evaluate the efficacy of the Secondary Market Corporate Credit Facility (SMCCF), a program designed to stabilize...
  • Working Paper
This paper reconsiders the degree to which macroeconomic stabilization is possible when the zero lower bound is a...
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