Emi Nakamura and Jón Steinsson Are New Co-Directors of Monetary Economics Program
Emi Nakamura, a professor at the Columbia Business School and Department of Economics, and Jón Steinsson, a professor of economics at Columbia University, are the new co-directors of the NBER's Program on Monetary Economics, succeeding Christina Romer and David Romer of the University of California, Berkeley.
Nakamura and Steinsson are frequent co-authors whose research interests touch on many of the core topics in monetary economics. Their work has contributed to the understanding of price setting and inflation, the mechanisms by which monetary policy affects real activity, the impacts of fiscal stimulus, and the measurement of price indices. They have been affiliates of the Monetary Economics Program since 2007.
Nakamura is a co-editor of the American Economic Review and a member of the Congressional Budget Office's Panel of Economic Advisers. She received the Elaine Bennett Research Prize from the American Economic Association (AEA) in 2014. She is currently a member of the AEA's Committee on National Statistics. An undergraduate at Princeton University, she received her PhD from Harvard University.
Steinsson is the foreign editor of the Review of Economic Studies and an associate editor of the Quarterly Journal of Economics and the newly launched American Economic Review: Insights. He is a member of the advisory board of the NBER Macroeconomics Annual. Steinsson also received his undergraduate degree at Princeton and his PhD from Harvard.
In the fall of 2018, Nakamura and Steinsson will join the faculty of the University of California, Berkeley. [back to top]
Erik Hurst Joins Macroeconomics Annual Editorial Team
Erik Hurst, who is the V. Duane Rath Professor of Economics at the University of Chicago Booth School of Business and the deputy director of the Becker Friedman Institute, will be a co-organizer and co-editor of the NBER Macroeconomics Annual beginning in 2019. Hurst is a wide-ranging applied macroeconomist whose work has touched on labor markets, household finance, and household financial behavior. His research has been recognized with the Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship and the TIAA-CREF Paul A. Samuelson Prize for Research on Life-time Financial Security. He is a past co-editor of the Journal of Political Economy.
An NBER affiliate since 2003, Hurst is a research associate in the Economic Fluctuations and Growth, Public Economics, and Aging Programs. He received his BS from Clarkson University and his PhD from the University of Michigan.
Hurst will join current co-organizers Martin Eichenbaum, the Charles Moskos Professor of Economics at Northwestern University, and Jonathan Parker, the Robert C. Merton Professor of Finance at the MIT Sloan School of Management, in convening the 2019 Annual Conference on Macroeconomics. Parker will step down from the organizing team after that meeting, and Eichenbaum and Hurst will organize subsequent conferences. [back to top]
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New NBER affiliates are appointed through a highly competitive process that begins with a call for nominations in January. Candidates are evaluated based on their research records and their capacity to contribute to the NBER's activities by program directors and steering committees. New affiliates must hold primary academic appointments in North America. On January 1, 2020, there were 1,581 NBER-affiliated researchers based at 180 institutions.