He and Thomas J. Sargent shared the prize in 2011 for devising statistical tools to help guide economic policymakers.

May 23, 2025, Paper: "Articles from the 1970s applied a general-disequilibrium framework to the determination of output and employment with sticky nominal prices and wages. Quantities are determined ...

You’re invited to join Seth Hill, Professor of Political Science, University of California San Diego, for an American Politics Speaker Series discussion sponsored by the Ash Center for Democratic ...

Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

The Federal Reserve's recent interest rate cut signals a slowing economy and concerns over current economic policies. Tariffs and immigration restrictions are contributing to job losses and rising ...

I describe nine implications of the interconnectedness of fiscal and monetary policy that surface in Heterogeneous Agent New Keynesian (HANK) models. Not all are unique to HANK models. (i) Long run ...

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized, sold as signs of ...

Market economics has failed the majority of outer islands. Do we abandon the islands – or a failed economic model? Rod Dixon asks. The Cook Islands economy is a hybrid economy that operates outside ...