Professor, Economics
MPC Primary Research Areas
Biography
My research is concerned with the aggregate effects of monetary and fiscal policy—in particular, the effects on GDP, investment, the allocation of hours, the stock market, and international capital flows. My recent work reexamines some business cycle puzzles in macroeconomics, considering the fact that some investments are unmeasured. Along with colleague Ed Prescott, I have also been analyzing policy reforms related to financing retirement in economies with aging populations.