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Program Directors

Gertler Headshot

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.

Peter Klenow Profile.jpg

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

This figure is a vertical stacked bar graph titled, Source of Inflation, 2020 Q1 to 2023 Q1. The y-axis represents percent and ranges from negative four to positive ten percent, increasing in increments of 2. The x-axis is time and ranges from 2020 quarter 1 until 2023 quarter 1.  There are 5 categories of bars on the figure: Initial conditions, Energy prices, food prices, vacancy to unemployment ratio, and shortages. Additionally, there are two lines. One is a solid line labeled, Actual price inflation, an
  • Article
After several decades of relatively low and stable inflation, in 2021 the US experienced a sharp rise in the pace of price increases. The annual inflation...
Evaluating the Effect of Deferred Student Loan Repayments
  • Article
A pandemic-driven debt relief measure freezing student loan repayments provided a large stimulus to the economy while raising long-term debt burdens,...
Estimating the Macroeconomic Impacts of Fed Policies
  • Article
How monetary policy actions affect the trajectory of the macroeconomy is a key question for central bankers and macroeconomists. Researchers face formidable...
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