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Program Directors

Nicolas Bloom Profile.jpg

Nicholas A. Bloom is a Professor in the Department of Economics at Stanford University and a Senior Fellow of the Stanford Institute for Economic Policy Research. His research focuses on measuring and explaining management practices and their consequences across a wide range of firms and countries. He has been an NBER affiliate since 2006.


Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at the Harvard Business School. His research focuses on venture capital, private equity, and the determinants of innovation and productivity growth. He has been an NBER affiliate since 1999.

Featured Program Content

Article The Role of Mega Firms in Patenting and Follow-On Innovation figure 31460
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“Mega firms,” defined as the 50 publicly traded firms in the US with the highest annual sales, hold a disproportionate share of novel patents and may play...
Article Financial Stress Can Squeeze the ‘R’ Out of R&D figure w31521
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A financial crisis can affect the economy’s long-term trajectory if it alters investment behavior. In Research and/or Development? Financial...
This figure is a line graph titled, Inflation in Food product Groups, 2006 to 2015. The y-axis is labeled, Food price index normalized to 1 in quarter 4 2006. It ranges from 1 to 1.09, increasing in increments of 0.01 The x-axis is time and ranges from 2006 quarter 4 to 2015 quarter 4, increasing in increments of one year. There are two lines on the graph: traditional index and hedonic index. From 2006 quarter 4 to 2008 quarter 4. Both lines are nearly identical before diverging. They follow the same trajec
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One of the perennial challenges of constructing price indices like the Consumer Price Index (CPI) is that products change over time. This is often cited as...
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