Candidates for Office 2014

Executive Committee:  

For President-Elect

RICHARD H. THALERRICHARD H. THALER, The University of Chicago, Booth School of Business

Previous and Present Positions: Instructor and Assistant Professor, University of Rochester, 1971-1978; Assistant, Associate and Full Professor, Johnson School of Management, Cornell University, 1978-1995;  Ralph and Dorothy Keller Distinguished Service Professor of Economics and Behavioral Science, Booth School of Business, University of Chicago 1995- .

Degrees: Ph.D. University of Rochester, 1974; M.A. University of Rochester, 1970; B.A. Case Western Reserve University, 1967.

Publications: “Toward a Positive Theory of Consumer Choice” Journal of Economic Behavior and Organization, 1980; “An Economic Theory of Self-Control” (with Hersh Shefrin) Journal of Political Economy, 1981; “Mental Accounting and Consumer Choice” Marketing Science, 1985; “Does the Stock Market Overreact” (with Werner De Bondt) Journal of Finance, 1985; “Fairness as a Contraint on Profit-Seeking: Entitlements in the Market” (with Daniel Kahneman and Jack Knetsch) American Economics Review, 1986; “Experimental Tests of the Endowment Effect and the Coase Theorem,” (with Daniel Kahneman and Jack Knetsch) Journal of Political Economy 1990; “Myopic Loss Aversion and the Equity Premium Puzzle” (with Shlomo Benartzi) Quarterly Journal of Economics, 1995; “A Behavioral Approach to Law and Economics” (with Christine Jolls and Cass Sunstein) Stanford Law Review, 1998; “Save More Tomorrow: Using Behavioral Economics to Increase Employee Savings” Journal of Political Economy, 2004; Nudge: Improving Decisions about Health, Wealth and Happiness,(with Cass Sunstein) Yale University Press, 2008; “The Loser’s Curse: Decision Making and Market Efficiency in the National Football League Draft” (with Cade Massey) Management Science 2013. Numerous Anomalies columns, Journal of Economics Perspectives.

AEA Offices, Committee Memberships, and Honors: Nominations Committee 2004, 2011; Vice President, 2010.

Other Affiliations and Honors: Fellow, American Finance Association; Fellow, Econometric Society; Member, American Academy of Arts and Sciences; Honorary Degrees: Case Western Reserve University; University of Rochester; Erasmus University. Research Associate and co-director (with Robert Shiller) of the Behavioral Economics Project, National Bureau of Economic Research.

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For Vice-Presidents

JOHN M. ABOWDDAVID CARD, Class of 1950 Professor of Economics, University of California Berkeley

Previous and Present Positions: Class of 1950 Professor of Economics; Director, Center for Labor Economics (CLE); Director, Econometrics Laboratory (EML) ; Director, Labor Studies Program, National Bureau of Economic Research; Assistant Professor of Business Economics, Graduate School of Business, University of Chicago, 1982‐83; Assistant Professor of Economics, Princeton University, 1983‐87; Professor of Economics, Princeton University, 1987‐1997; Visiting Professor of Economics, Columbia University, 1990‐91; Fellow, Center for Advanced Study in Behavioral Sciences, 1996‐97; Visiting Professor of Economics, Princeton University, 2000‐2001; Visiting Professor of Economics, Harvard University, 2008.

Degrees: Queen's University (Kingston), B.A. 1978; Princeton University, Ph.D. 1983.

Publications: “Does Medicare Save Lives?” (with Carlos Dobkin and Nicole Maestas). Quarterly Journal of Economics 124 (May 2009); “Cash‐on‐Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market.” (with Raj Chetty and Andrea Weber). Quarterly Journal of Economics 122 (November 2007); “Estimating the Effects of a Time‐Limited Earnings Subsidy for Welfare Leavers.” (with Dean R. Hyslop). Econometrica 73 (November 2005); “Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort‐Based Analysis.” (with Thomas Lemieux). Quarterly Journal of Economics 116 (May 2001); "Immigrant Inflows, Native Outflows and the Local Labor Market Impacts of Higher Immigration." Journal of Labor Economics 19 (January 2001); "Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania." (with Alan Krueger). American Economic Review 84 (September 1994); "Does School Quality Matter: Returns to Education and the Characteristics of Public Schools in the United States." (with Alan Krueger). Journal of Political Economy 100 (February 1992); "On the Covariance Structure of Earnings and Hours Changes." (with John Abowd). Econometrica 57 (March 1989); "Measuring the Effect of Subsidized Training Programs on Movements In and Out of Employment." (with Daniel Sullivan). Econometrica 56 (May 1988); "Using the Longitudinal Structure of Earnings to Estimate the Effect of Training Programs." (with Orley Ashenfelter). Review of Economics and Statistics 67 (November 1985).

AEA Offices, Committee Memberships and Honors: Representative to US Census Advisory Committee, 1991‐96; John Bates Clark Medal, 1995; Co‐editor, American Economic Review, 2002 ‐ 2005; Editorial Board, AEJ:Applied Economics, 2007‐2013; Honors & Awards Committee, 2009-2013; Nominating Committee, 2009; Richard T. Ely Lecture, January 2009

Other Affiliations and Honors: Fellow of the Econometric Society, 1992; Douglas Purvis Prize, 1994; Fellow, American Academy of Arts and Sciences, 1998; L.L.D. (Honorary) Queen’s University (Kingston), 1999; Alfred Marshall Lecture, Cambridge University, 2000; Fisher‐Schultz Lecture to Econometric Society, 2002; Fellow, Society of Labor Economics, 2004; IZA Prize in Labor Economics, 2006; Adam Smith Lecture to European Labor Economics Association, 2006; Frisch Medal, 2007; UC Berkeley Distinguished Service Award, 2007; “What Works Clearinghouse” Expert Panel Review (Chair), US Department of Education, October 2008; Elected member of the Council, Econometric Society, 2007‐2013; Elected President of Society of Labor Economics for 2010/11; Woytinsky Lecture, University of Michigan, March 2012.

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JUDITH A. CHEVALIERJUDITH A. CHEVALIER, William S. Beinecke Professor of Economics and Finance, Yale School of Management

Previous and Past Positions: Assistant Professor, Harvard University, 1993-1994; Assistant, 1994-1997, Associate, 1997-1999, and Professor, 1999-2001, University of Chicago Graduate School of Business; Professor, Yale School of Management, 2001-2005; William S. Beinecke Professor of Economics and Finance, Yale School of Management, 2005-; Deputy Provost for Faculty Development, Yale University, 2007-2009.

Degrees: B.A., 1989, Yale University; PhD., Massachusetts Institute of Technology, 1993.

Publications: " “Capital Structure and Product Market Competition: Empirical Evidence from the Supermarket Industry”, American Economic Review, 1995; “Liquidity Constraints and the Cyclical Behavior of Markups”, American Economic Review Papers and Proceedings, 1995; “Capital Market Imperfections and Countercyclical Markups: Theory and Evidence” (with D; Scharfstein), American Economic Review, 1996; “Risk Taking by Mutual Funds as a Response to Incentives” (with G. Ellison), Journal of Political Economy, 1997; “Career Concerns of Mutual Fund Managers” (with G. Ellison), Quarterly Journal of Economics, 1999; “Are Some Mutual Fund Managers Better than Others? Cross-Sectional Patterns in Behavior and Performance” (with G. Ellison), Journal of Finance, 1999; “Free Riding and Sales strategies on the Internet” (with D. Carlton), Journal of Industrial Economics, 2001; “Why don’t prices rise during periods of peak Demand? Evidence from scanner data” (with P. Rossi and A. Kashyap) American Economic Review, 2003; “Measuring prices and price competition online: Amazon vs. Barnes and Noble” (with A. Goolsbee), Quantitative Marketing and Economics, 2003; “What do we know about Cross-subsidization? Evidence from Merging Firms” BE Journal of Economic Analysis and Policy, 2004; “The Effect of Word of Mouth on Sales: Online Book Reviews” (with D. Mayzlin), Journal of Marketing Research, 2006; “State Casket Seller Restrictions: A Pointless Undertaking?” (with F. Scott Morton), Journal of Law and Economics, 2008; “Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks” (with A. Goolsbee), Quarterly Journal of Economics 2009; “Are Women Overinvesting in Education? Evidence from the medical profession” (with K. Chen), Journal of Human Capital, 2012.

AEA Offices, Committee Memberships and Honors: CSWEP’s Elaine Bennett Research Prize, 1998; Associate Editor, Journal of Economic Perspectives, 1999-2003; Associate Editor, American Economic Review, 2001-2002; Board member, Committee on the Status of Women in the Economics Profession (CSWEP), 2002-2004; Co-Editor, American Economic Review, December 2004-June 2007; Executive Committee, American Economic Association, 2005-07; Nominating Committee 2008; Advisory Board, Journal of Economic Perspectives 2009-2012; Committee on Honors and Awards, 2012.

Other Affiliations and Honors: Faculty Research Fellow, 1993- 1999, and Research Associate, 1999-present, National Bureau of Economic Research; Smith Breeden Distinguished Paper Prize, Journal of Finance, 1995; Associate editor, 1996-2004 and Co-editor, 2009-2013, Rand Journal of Economics; Alfred P. Sloan Foundation Research Fellow, 1997-1999; Associate Editor, Journal of Finance, 2000-2004; Co-Editor, BE Journals in Economic Analysis and Policy, 2003-2004; Fellow, American Academy of Arts and Sciences, 2006- present; Economics Review Panel, National Science Foundation, 2007-2009; William F. O’Dell Award, Journal of Marketing Research, 2011.

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N. GREGORY MANKIWN. GREGORY MANKIW, Robert M. Beren Professor of Economics and Chairman of Economics Department, Harvard University

Previous and Present Positions: Staff Economist, Council of Economic Advisors, 1982-83; Instructor, MIT, 1984-85; Assistant Professor, Harvard University, 1985-87; Chairman, Council of Economic Advisers, 2003-2005; Professor, Harvard University, 1987-present.

Degrees: A.B. Princeton University, 1980; Ph.D., MIT, 1984.

Publications: “Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly,” Quarterly Journal of Economics, 1985; “Free Entry and Social Inefficiency,” (with Michael Whinston), Rand Journal of Economics, 1986; “Are Output Fluctuations Transitory?” (with John Campbell), Quarterly Journal of Economics, 1987; “The New Keynesian Economics and the Output Inflation Trade-off,” (with Laurence Ball and David Romer), Brookings Papers on Economic Activity, 1988; “Assessing Dynamic Efficiency: Theory and Evidence," (with Andrew Abel, Lawrence Summers, and Richard Zeckhauser), Review of Economic Studies, 1989; “Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence,” (with John Campbell), NBER Macroeconomics Annual, 1989; “The Consumption of Stockholders and Non-Stockholders,” (with Stephen Zeldes), Journal of Financial Economics, 1991; “A Contribution to the Empirics of Economic Growth,” (with David Romer and David Weil), Quarterly Journal of Economics 107, 1992; “Capital Mobility in Neoclassical Models of Growth,” (with Robert Barro and Xavier Sala-i-Martin), American Economic Review, 1995; “Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve,” (with Ricardo Reis), Quarterly Journal of Economics, 2002; “Disagreement about Inflation Expectations,” (with Ricardo Reis and Justin Wolfers), NBER Macroeconomics Annual, 2003; “The Politics and Economics of Offshore Outsourcing,” (with Phillip L. Swagel), Journal of Monetary Economics, 2006; “Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design,” (with Laurence Ball), Journal of Political Economy, 2007; “The Optimal Taxation of Height: A Case Study in Utilitarian Income Redistribution,” (with Matthew Weinzierl, American Economic Journal: Economic Policy, 2010; “An Exploration of Optimal Stabilization Policy,” (with Matthew Weinzierl), Brookings Papers on Economic Activity, 2011.

AEA Offices, Committee Memberships and Honors: Associate Editor, Journal of Economic Perspectives, 1988-1998; Member, Committee on Economic Education, 2001-2003.

Other Affiliations and Honors: Faculty Research Fellow and Research Associate, National Bureau of Economic Research, 1985-present; Director, Monetary Economics Program, National Bureau of Economic Research, 1993-2000, 2002-2003; Panel of Academic Advisers, Congressional Budget Office, 1995-present (with some brief interruptions); Harry Johnson Lecture, Royal Economic Society, 2000; Member, Test Development Committee for AP Exam in Economics, 2001-2003; Fellow, American Academy of Arts and Sciences, elected 2007; Coeditor, Brookings Papers on Economic Activity, 2007-2009; Columnist, NY Times, approximately monthly, 2007-present; Trustee, Urban Institute, 2012-present.

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JEFFREY M. WOOLDRIDGEJEFFREY M. WOOLDRIDGE, University Distinguished Professor of Economics, Michigan State University

Previous and Present Positions: Assistant Professor, 1986-91, Massachusetts Institute of Technology; Associate Professor, 1991-93, Professor, 1993-01, University Distinguished Professor, 2001-, Michigan State University; Co-Director, Economics of Education Specialization, 2009-, Michigan State University

Degrees: B.A., University of California, Berkeley, 1982; Ph.D., University of California, San Diego, 1986

Publications: “Quasi-Maximum Likelihood Estimation and Testing for Nonlinear Models with Endogenous Explanatory Variables,” forthcoming, Journal of Econometrics; “Econometric Analysis of Cross Section and Panel Data,” second edition, MIT Press, 2010; “Recent Developments in the Econometrics of Program Evaluation” (with G.W. Imbens), Journal of Economic Literature, 2009; “Panel Data Methods for Fractional Response Variables with an Application to Test Pass Rates” (with L.E. Papke), Journal of Econometrics, 2008; “Inverse Probability Weighted M-Estimation for General Missing Data Problems,” Journal of Econometrics, 2007; “Simple Solutions to the Initial Conditions Problem for Dynamic, Nonlinear Panel Data Models with Unobserved Heterogeneity,” Journal of Applied Econometrics, 2005; “Cluster-Sample Methods in Applied Econometrics,” American Economic Review, 2003; “Applications of Generalized Method of Moments Estimation,” Journal of Economic Perspectives, 2001; “Asymptotic Properties of Weighted M-Estimators for Variable Probability Samples,” Econometrica, 1999; “Distribution-Free Estimation of Some Nonlinear Panel Data Models,” Journal of Econometrics, 1999; “Econometric Methods for Fractional Response Variables with an Application to 401(k) Plan Participation Rates” (with L.E. Papke), Journal of Applied Econometrics, 1996; “Selection Corrections for Panel Data Models Under Conditional Mean Independence Assumptions,” Journal of Econometrics, 1995; “Quasi-Maximum Likelihood Estimation and Inference in Dynamic Models with Time-Varying Covariances” (with T. Bollerslev), Econometric Reviews, 1992; “Specification Testing and Quasi-Maximum Likelihood Estimation,” Journal of Econometrics, 1991; “A Unified Approach to Robust, Regression-Based Specification Tests,” Econometric Theory, 1990.

AEA Offices, Committee Memberships, and Honors: Editorial Board, Journal of Economic Literature, 2004-10.

Other Affiliations and Honors: Fellow, Econometric Society, 2002; Fellow, Journal of Econometrics, 1995; Plura Scripsit Award, Econometric Theory, 2001; Sir Richard Stone Prize (with L.E. Papke), Journal of Applied Econometrics, 1998; A.W. Phillips Lecture, Econometric Society Australasian Meeting, 2012; Keynote Speaker, Health Econometrics Workshop, 2010; Featured Speaker, National Value-Added Modeling Conference, 2008; National Bureau of Economic Research Summer Institute (with G.W. Imbens), “What’s New in Econometrics?” 2007; Editor, Journal of Business and Economic Statistics, 1998-00; Co-Editor, Journal of Econometric Methods, 2010-; Co-Editor, Econometric Theory, 2003-05; Co-Editor, Economics Letters, 1995-98; IZA Fellow 2009. President, Midwest Economics Association, 2010-11; Alfred P. Sloan Research Fellowship,1991-94.

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For Executive Committee

DORA L. COSTADORA L. COSTA, University of California, Los Angeles

Previous and Present Positions: Assistant Professor, MIT (July 1993-June 1997); Ford Career Development Associate Professor, MIT (July 1997-June 2000); Associate Professor with tenure, MIT (July 2000-June 2003); Professor, MIT (July 2003-2008); Professor, UCLA (July 2007-present). 

Degrees: Ph.D. (Economics) 1993, University of Chicago.

Publications: Heroes and Cowards: The Social Face of War (joint with Matthew Kahn). 2008.  Princeton University Press; The Evolution of Retirement: An American Economic History 1880-1990.1998.University of Chicago Press; “Leaders: Privilege, Sacrifice, Opportunity and Personnel Economics in the American Civil War.”  Forthcoming.  Journal of Law, Economics, and Organization; “Energy Conservation ‘Nudges’ and Environmental Ideology: Evidence from a Randomized Residential Electricity Field Experiment.”  Forthcoming. Journal of the European Economic Association; “Understanding the Solar Home Price Premium: Electricity Generation and ‘Green’ Social Status” (joint with Samuel Dastrup, Joshua Graff Zivin, and Matthew Kahn). European Economic Review.  July 2012. 56(5): 961-973; “Scarring and Mortality Selection Among Civil War POWs: A Long-Term Mortality, Morbidity, and Socioeconomic Follow-Up” Demography.  November 2012. 49(4):1185-206; “Pensions and Retirement Among Black Union Army Veterans.”  Journal of Economic History.  70(3), September 2010: 567-92; “Health, Wartime Stress, and Unit Cohesion:  Evidence from Union Army Veterans” (joint with Matthew Kahn).  Demography. February 2010. 47(1): 45-66; "The Economics and Demography of Aging." Proceedings of the National Academy of Sciences. 2007. 104: 13217-13218; "Race, Infectious Disease, and Arteriosclerosis." (joint with Lorens Helmchen and Sven Wilson) Proceedings of the National Academy of Sciences. 2007. 104: 13219-13224; "Surviving Andersonville: The Benefits of Social Networks in POW Camps." (joint with Matthew Kahn) 2007. American Economic Review. 97(4): 1467-1487; "Deserters, Social Norms, and Migration." (joint with Matthew Kahn). 2007. Journal of Law and Economics. 50: 323-53; "Forging a New Identity: The Costs and Benefits of Diversity in Civil War Combat Units for Black Slaves and Freemen." (joint with Matthew Kahn) Journal of Economic History. 2006. 66(4): 936-62.

AEA Offices, Committee Membership and Honors: Search Committee for Editor of Journal of Economic Literature, 2012; AEA Program Committee, 2011.

Other Affiliations and Honors: Research Associate, NBER; Associate Director, California Center for Population Research, UCLA.

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GUIDO W. IMBENSGUIDO W. IMBENS, Professor of Economics, Graduate School of Business, Stanford University

Previous and Present Positions: Assistant Professor, 1990-1994, Harvard University, Associate Professor, 1994-1997, Harvard University, Visiting Associate Professor, Arizona State University, 1997, Professor, 1997-2001, University of California, Los Angeles, Professor of Economics, 2001-2006, University of California, Berkeley, Professor of Economics, 2006-2012, Harvard University, Professor of Economics, 2012-present, Graduate School of Business, Stanford University.

Degrees: MA, University of Hull, UK, 1986, MSc, Brown University, 1988, PhD, Brown University, 1991.

Publications: “Optimal Bandwidth Choice for the Regression Discontinuity Estimator”, (K. Kalyanaraman), Review of Economic Studies, 2012.; “Recent Developments in the Econometrics of Program Evaluation” (with Jeffrey Wooldridge),  Journal of Economic Literature, Vol 47(1), 5-86, 2009.; “Identification and Inference in Nonlinear Difference-In-Differences Models,” (with Susan Athey),  Econometrica, Vol 74(2), 431-497, 2006.; “Large Sample Properties of Matching Estimators for Average Treatment Effects,” (with Alberto Abadie), Econometrica, Vol 74(1) 235-267, 2006.; “The Interpretation of Instrumental Variables Estimators in Simultaneous Equations Models with an Application to the Demand for Fish”, (with J. Angrist and K. Graddy), Review of Economic Studies, 67,  July, 499-527, 2000.; “Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score”, (with Kei Hirano and Geert Ridder), Econometrica, Vol. 71, No. 4, 1161-1189, 2003.; “Sensitivity to Exogeneity Assumptions in Program Evaluation,” American Economic Review, Papers and Proceedings, 93(2), 126-132, 2003.; “Estimating the Effect of Unearned Income on Labor Supply, Earnings, Savings and Consumption: Evidence from a Sample of Lottery Players”, (with Donald Rubin and Bruce Sacerdote), American Economic Review, Vol. 91, No. 4, 778-794, 2001.; “Identification of Causal Effects Using Instrumental Variables”,(with J. Angrist and D. Rubin), (with discussion), Journal of the American Statistical Association, Vol. 91, No. 434, 444-472, 1996.; “Combining Micro and Macro data in Microeconometric Models”, (with T. Lancaster), Review of Economic Studies, Vol. 61, No. 4, 655-680, 1994.; “Identification and Estimation of Local Average Treatment Effects”, (with J. Angrist), Econometrica, Vol. 62, No. 2, 467-476, 1994.

AEA Offices, Committee Memberships, and Honors: Instructor, Continuing Education Program, 2009, 2012.

Other Affiliations and Honors: Laffont Lecture, Econometric Society European Meetings, Barcelona, 2009; Otis Dudley Duncan Memorial Lecture, Annual Meetings of the American Sociological Association, Boston, August 2008; Alfred P. Sloan Research Fellowship; Fellow of the Econometric Society; Fellow of the American Academy of Arts and Sciences.

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DAVID I. LAIBSONDAVID I. LAIBSON, Harvard College Professor, Robert I. Goldman Professor of Economics, Harvard University

Previous and Present Positions: Assistant Professor of Economics, Harvard University, 1994-1998; Research Fellow, National Bureau of Economic Research, 1997-1998; Paul Sack Associate Professor of Political Economy, 1998-2002; Professor of Economics, 2002-2007; Robert I. Goldman Professor of Economics, 2007-; Harvard College Professor, 2008-, Harvard University.

Degrees: A.B., Harvard University, 1988; M.Sc., London School of Economics, 1990; Ph.D., Massachusetts Institute of Technology, 1994.

Publications: “Golden Eggs and Hyperbolic Discounting”, Quarterly Journal of Economics, 1997; “Measuring Trust” (with E. Glaeser, J. Scheinkman and C. Soutter), Quarterly Journal of Economics, 2000; “Dynamic Choices of Hyperbolic Consumers” (with C. Harris), Econometrica, 2001; “A Cue-Theory of Consumption”, Quarterly Journal of Economics, 2001; “The 6D Bias and the Equity Premium Puzzle” (with X. Gabaix), NBER Macroeconomics Annual, 2001; “How does the Internet Affect Trading? Evidence from Investor Behavior in 401(k) Plans” (with J. Choi and A. Metrick), Journal of Financial Economics, 2002; “Separate Neural Systems Value Immediate and Delayed Monetary Rewards” (with S. McClure, G. Loewenstein, and J. Cohen), Science, 2004; “Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets” (with X. Gabaix), Quarterly Journal of Economics, 2006; “Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model” (with X. Gabaix, G. Moloche, and S. Weinberg), American Economic Review, 2006; “Reinforcement Learning and Savings Behavior” (with J. Choi, B. Madrian, and A. Metrick), Journal of Finance, 2009; “Optimal Defaults and Active Decisions” (with G. Carroll, J. Choi, B. Madrian, and A. Metrick), Quarterly Journal of Economics, 2009; “Mental Accounting in Portfolio Choice: Evidence from a Flypaper Effect” (with J. Choi and B. Madrian), American Economic Review, 2009; “Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds” (with J. Choi and B. Madrian), Review of Financial Studies, 2010; “Natural Expectations, Macroeconomic Dynamics, and Asset Pricing” (with A. Fuster and B. Hebert), NBER Macroeconomics Annual, 2011; “Instantaneous Gratification” (with C. Harris), Quarterly Journal of Economics, 2013.

AEA Offices, Committee Memberships and Honors: Board of Editors, Macroeconomics, AEJ, 2007-; Committee on Honors and Awards, AEA, 2012-.

Other Affiliations and Honors: Marshall Scholarship, 1988; National Science Foundation Graduate Fellowship, 1990; National Science Foundation Career Grant Recipient, 1995; Research Associate (Asset Pricing, Economic Fluctuations, and Aging), National Bureau of Economic Research, Institutional Review Board, 1995-; Russell Sage Foundation Behavioral Economics Roundtable, 1998-; Alfred P. Sloan Foundation Research Fellowship, 2001; Co-organizer, Russell Sage Foundation Summer Institute in Behavioral Economics, 2002-; Co-organizer, Stanford Institute for Theoretical Economics, Behavioral Economics, 2003-; Theodore Schultz Lecture, University of Chicago, 2005; Editorial Board, Annual Reviews – Economics, 2006-; Ely Lectures, Johns Hopkins University, 2006; Lionel Robbins Lectures, London School of Economics, 2007; TIAA-CREF Paul Samuelson Prize (with J. Choi and B. Madrian), 2011; Elected Fellow, American Academy of Arts and Sciences, 2011; Elected Fellow, Econometric Society, 2011.

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JOHN C. WILLIAMSJOHN C. WILLIAMS, President and CEO, Federal Reserve Bank of San Francisco

Previous and Present Positions: Economist, 1994-97, Senior Economist, 1998-2002, Federal Reserve Board; Senior Economist, Council of Economic Advisers, 1999-2000; Research Advisor, 2002-2004, Senior Vice President, 2004-08, Executive Vice President and Director of Research, 2009-11, President and Chief Executive Officer, 2011-, Federal Reserve Bank of San Francisco.

Degrees: B.A., University of California, Berkeley, 1984; MSc., London School of Economics, 1989; Ph.D., Stanford University, 1994.

Publications: “Measuring the Social Rate of Return to R&D,” (with C. Jones), Quarterly Journal of Economics, 1998; “Robustness of Simple Monetary Policy Rules under Model Uncertainty,” (with A. T. Levin and V. Wieland), in John Taylor, ed. Monetary Policy Rules, 1999; “Too Much of a Good Thing? The Economics of Investment in R&D,” (with C. Jones), Journal of Economic Growth, 2000; “Putty-Clay and Investment: A Business Cycle Analysis,” (with S. Gilchrist), Journal of Political Economy, 2000; “Three Lessons for Monetary Policy in a Low Inflation Era,” (with D. Reifschneider), Journal of Money, Credit and Banking, 2000; “Robust Monetary Policy Rules with Unknown Natural Rates,” (with A. Orphanides), Brookings Papers on Economic Activity, 2002; “The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty,” (with A.T. Levin and V. Wieland), American Economic Review, 2003; “Robust Monetary Policy with Competing Reference Models,” (with A. T. Levin), Journal of Monetary Economics, 2003; “Measuring the Natural Rate of Interest,” (with T. Laubach), Review of Economics and Statistics, 2003; “Monetary Policy under Uncertainty in Micro-founded Macroeconomic Models,” (with A. T. Levin, A. Onatski, and N. Williams), NBER Macroeconomics Annual 2005; “Using a Long-Term Interest Rate as the Monetary Policy Instrument,” (with B. McGough and G. D. Rudebusch), Journal of Monetary Economics, 2005; “Monetary Policy with Imperfect Knowledge,” (with A. Orphanides), Journal of the European Economic Association, 2006; “Learning and Shifts in Long-Run Productivity Growth,” (with R. M. Edge and T. Laubach), Journal of Monetary Economics, 2007; “A Black Swan in the Money Market,” (with J. B. Taylor), American Economic Journal: Macroeconomics, 2009; “Simple and Robust Rules for Monetary Policy,” (with J. B. Taylor), in Benjamin Friedman and Michael Woodford, eds., Handbook of Monetary Economics, 2011.

AEA Offices, Committee Memberships and Honors: Associate Editor, American Economic Review, 2005-2008.

Other Affiliations and Honors: Managing Editor, International Journal of Central Banking, 2011-; Associate Editor, Journal of Economic Dynamics and Control, 2001-05; Research Associate, Centre for Applied Macroeconomic Analysis, 2008-.

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Contents of Current Issues

April 2014 AER

April 2014 AEJ: Applied

April 2014 AEJ: Macro

March 2014 JEL

Winter 2014 JEP

February 2014 AEJ: Policy

February 2014 AEJ: Micro

Virtual Field Journals

In the News:

A recent article in The Economist examines higher education endowments and university behaviors including new research presented in a paper from the latest edition of the American Economic Review.

"Pulling forth statements on political issues is a distraction from the real and important work of economic research and education," explains AEA President Nordhaus, when asked about the AEA's historically non-partisan stand on public policy. Read the whole story in the latest issue of The Chronicle of Higher Education (subscribers only).

From ASSA 2014: The Wall Street Journal reports on the AEA's CSWEP committee's efforts in mentoring early-career female economists and the program's expanding influence on similar programs being developed overseas. Read the full article here.

"The job market could be picking up for economics grad students," reports Brenda Cronin in the Wall Street Journal. Get the inside story on what her sources are saying before you head to ASSA in January!

The Chronicle of Higher Education just published "Cool Head on Global Warming," an in-depth look at the new book by 2014 AEA President, William Nordhaus entitled, "The Climate Casino: Risk, Uncertainty and Economics for a Warming World" (Yale University Press).

The Atlantic Cities provides a thorough examination of Clifford Winston's (Brooking Institution) research, "On The Performance of the U.S. Transportation System: Caution Ahead," from the latest edition of the Journal of Economic Literature (JEL).

Upcoming research by Yang Wang, a health economist at Lafayette College, indicates that some smokers believe age, race, and parental longevity influence their life expectancy more than smoking does. Access the news brief here, or the forthcoming article from the American Economic Journal: Applied Economics.

AEA in News Archive

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