2019 Elected AEA Officers

Congratulations to President-Elect Janet Yellen and all the new officers



JANET L. YELLEN, Distinguished Fellow in Residence, Economic Studies, The Brookings Institution

Previous and Present Positions: Assistant Professor, Harvard University, 1971-76; Economist, Federal Reserve Board, 1977-78; Lecturer, London School of Economics, 1978-80; Assistant, Associate, Full Professor, Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics, University of California at Berkeley, 1980-2006; Member, Federal Reserve Board, 1994-97; Chairman, Council of Economic Advisers, 1997-99; President and CEO, Federal Reserve Bank of San Francisco, 2004-10; Vice Chair, Federal Reserve Board, 2010-14; Chair, Federal Reserve Board, 2014-18.

Degrees: Brown University, B.A. in Economics, 1967; Yale University, Ph.D. in Economics, 1971.

Publications: “Commodity Bundling and the Burden of Monopoly,” (with Adams), Quarterly Journal of Economics, 1976; “Factor Mobility, Regional Development and the Distribution of Income,” (with McCulloch), Journal of Political Economy, 1977; “Efficiency Wage Models of Unemployment,” AER, 1984; “Unemployment through the Filter of Memory,” (with Akerlof), Quarterly Journal of Economics, 1985; “A Near-Rational Model of the Business Cycle with Wage and Price Inertia,” (with Akerlof), Quarterly Journal of Economics, 1985; “Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?” (with Akerlof), AER, 1985; “Job Switching and Job Satisfaction in the U.S. Labor Market,” (with Akerlof and Rose), Brookings Papers on Economic Activity, 1988; “The Fair Wage/Effort Hypothesis and Unemployment,” (with Akerlof), Quarterly Journal of Economics, 1990; “East Germany In From the Cold: The Economic Aftermath of Currency Union,” (with Akerlof, Rose and Hessenius), Brookings Papers on Economic Activity, 1991; “An Analysis of Out-of-Wedlock Childbearing in the United States,” (with Akerlof and Katz), Quarterly Journal of Economics, 1996; The Fabulous Decade: Macroeconomic Lessons from the 1990s, (with Blinder), New York: The Century Foundation Press, 2001; “Stabilization Policy: A Reconsideration,” (with Akerlof), Presidential Address to the Western Economic Association, Economic Inquiry, 2006.

AEA Offices, Committee Memberships, and Honors: Nominating Committee, 1988-90; Vice President, 2004-05; Distinguished Fellow, 2012.

Other Affiliations and Honors: Guggenheim Fellow, 1986-87; Committee of Visitors, National Science Foundation Economics Program, 2004; Honorary Doctor of Laws Degree, Brown University, 1998; Member, Council on Foreign Relations, 2006; President, Western Economics Association, 2003-04; Fellow, American Academy of Arts and Sciences, 2001; Fellow, Econometric Society, 2014; Honorary Doctor of Commercial Science, New York University, 2014; Honorary Doctor of Science Degree, London School of Economics, 2015; Honorary Doctor of Social Science, Yale University, 2015; Radcliffe Medal, 2016; Paul H. Douglas Award for Ethics in Government, 2017.



LAWRENCE F. KATZ, Elisabeth Allison Professor of Economics, Harvard University

Previous and Present Positions: Assistant Professor, School of Business Administration, University of California, Berkeley, 1985-86; Assistant and Associate Professor of Economics, Harvard University, 1986-91; Professor of Economics, Harvard University, 1991-2003; Chief Economist, U.S. Department of Labor, 1993-94; Elisabeth Allison Professor of Economics, Harvard University, 2003-.

Degrees: A.B. (Economics), University of California, Berkeley, 1981; Ph.D. (Economics), Massachusetts Institute of Technology, 1985.

Publications: “A Most Egalitarian Profession: Pharmacy and the Evolution of a Family-Friendly Occupation,” (with Goldin), Journal of Labor Economics, 2016; “The Effects of Exposure to Better Neighborhoods on Children: New Evidence from the Moving to Opportunity Experiment,” (with Chetty and Hendren), AER, 2016; “The For-Profit Postsecondary School Sector: Nimble Critters or Agile Predators?,” (with Deming and Goldin), JEP, 2012; “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” (with Bertrand and Goldin), AEJ: Applied Economics, 2010; “Trends in U.S. Wage Inequality: Revising the Revisionists,” (with Autor and Kearney), Review of Economics and Statistics, 2008; The Race between Education and Technology, (with Goldin), Harvard University Press, 2008; “Experimental Analysis of Neighborhood Effects,” (with Kling and Liebman), Econometrica, 2007; “The Power of the Pill: Oral Contraceptives and Women’s Career and Marriage Decisions,” (with Goldin), Journal of Political Economy, 2002; “Computing Inequality: Have Computers Changed the Labor Market?” (with Autor and Krueger), Quarterly Journal of Economics, 1998; “Regional Evolutions,” (with Blanchard), Brookings Papers on Economic Activity, 1992; “Changes in Relative Wages, 1963-87: Supply and Demand Factors,” (with Murphy), Quarterly Journal of Economics, 1992;  “Efficiency Wage Theories: A Partial Evaluation,” NBER Macroeconomics Annual, 1986.

AEA Offices, Committee Memberships and Honors: Chair, Oversight Committee for the Registry of Randomized Control Trials, 2012-; Honors and Awards Committee, 2014-17; Committee for Oversight of Operations and Publishing, 2009-10; Search Committee, Editor of the Journal of Economic Perspectives, 2007-08; Executive Committee, 2006-08; Search Committee, Editor of AEJ: Applied Economics, 2006;  AEA Meetings, Invited Lecture, “Recent Developments in Labor Economics,” 1992.

Other Affiliations and Honors: Editor, Quarterly Journal of Economics, 1991-; Co-Scientific Director and Co-Founder, J-PAL North America, 2013-; Member, National Academy of Sciences, 2014-; Fellow, American Academy of Political and Social Sciences, 2012-; Fellow, American Academy of Arts and Sciences, 2001-; Fellow, Econometric Society, 1993-; Fellow, Society of Labor Economists, 2005-, President 2013-14; Member, Board of Trustees, Russell Sage Foundation, 2009-; Member, Board of Directors, MDRC, 2009-; Member, Panel of Economic Advisers, Congressional Budget Office, 2004-16; Susan C. Eaton Scholar-Practitioner Award of the Labor and Employment Relations Association, 2009; H. Gregg Lewis Prize, Journal of Labor Economics, 1993; Research Associate, 1990-, Faculty Research Fellow, 1985-90, NBER.

DAVID H. ROMER, Herman Royer Professor in Political Economy, University of California, Berkeley

Previous and Present Positions: Royer Professor in Political Economy, University of California, Berkeley, 2000-; Senior Resident Scholar, International Monetary Fund, 2009-10; University of California, Berkeley: Professor, 1993-2000, Associate Professor, 1990-93, Acting Associate Professor, 1988-90; Assistant Professor, Princeton University, 1985-88.

Degrees: A.B., Princeton University, 1980; Ph.D., Massachusetts Institute of Technology, 1985.

Publications: Advanced Macroeconomics, fifth edition, McGraw-Hill, 2019; “Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises” (with C. Romer), Economica, 2018; “New Evidence on the Aftermath of Financial Crises in Advanced Countries” (with C. Romer), AER, 2017; “Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952-1991” (with C. Romer), AEJ: Macroeconomics, 2016; “The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era” (with C. Romer), AEJ: Economic Policy, 2014; “The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks” (with C. Romer), AER, 2010; “Do Firms Maximize? Evidence from Professional Football,” Journal of Political Economy, 2006; “A New Measure of Monetary Shocks: Derivation and Implications” (with C. Romer), AER, 2004; “Federal Reserve Information and the Behavior of Interest Rates” (with C. Romer), AER, 2000; “Keynesian Macroeconomics without the LM Curve,” JEP, 2000; “Does Trade Cause Growth?” (with Frankel), AER, 1999; “A Contribution to the Empirics of Economic Growth” (with Mankiw and Weil), Quarterly Journal of Economics, 1992; “Real Rigidities and the Non-Neutrality of Money” (with Ball), Review of Economic Studies, 1990; “Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz” (with C. Romer), NBER Macroeconomics Annual, 1989; “The New Keynesian Economics and the Output-Inflation Trade-off” (with Ball and Mankiw), Brookings Papers on Economic Activity, 1988.

AEA Offices, Committee Memberships and Honors: Executive Committee, 2007-10; Editorial Boards: AEJ: Economic Policy, 2014-, AEJ: Macroeconomics, 2007-13, AER, 1996-2002; Editor Search Committee, AEJ: Economic Policy, 2014; Program Committee, 2003, 2006, 2008; AER Excellence in Refereeing Award.

Other Affiliations and Honors: Director (with C. Romer), Monetary Economics program, National Bureau of Economic Research, 2003-2018; editor (with Wolfers), Brookings Papers on Economic Activity, 2009-15; Fellow, American Academy of Arts and Sciences, 2006-; National Bureau of Economic Research: Faculty Research Fellow, 1986-93, Research Associate, 1993-; University of California Social Sciences Distinguished Teaching Award, 2014; Alfred P. Sloan Foundation Research Fellowship, 1991-93.



Executive Committee

MARTHA BAILEY, Professor of Economics, University of Michigan

Previous and Present Positions: Department of Economics, Professor, 2017-; Department of Economics, Associate Professor (with tenure), 2013-17; Department of Economics, Assistant Professor, 2007-13.

Degrees: Agnes Scott College, B.A. in Economics and German Literature, 1997; Vanderbilt University, M.A. in Economics, 2003; Vanderbilt University, Ph.D. in Economics, 2005.

Publications: “More Power to the Pill: The Impact of Contraceptive Freedom on Women’s Lifecycle Labor Supply,” The Quarterly Journal of Economics, 2006; “The Wage Gains of African-American Women in the 1940s” (with Collins), Journal of Economic History, 2006; “Momma’s Got the Pill: How Anthony Comstock and Griswold v. Connecticut Shaped U.S. Childbearing,” AER, 2010; “Did Improvements in Household Technology Cause the Baby Boom? Evidence from Electrification, Appliance Diffusion, and the Amish” (with Collins), AEJ:Macro-economics, 2011; “The Opt-In Revolution? Contraception, Fertility Timing and the Gender Gap in Wages” (with Hershbein and Miller), AEJ:Applied Economics, 2012; “Reexamining the Impact of U.S. Family Planning Programs on U.S. Fertility: Evidence from the War on Poverty and Early Years of Title X,” AEJ:Applied Economics, 2012; “Fifty Years of U.S. Family Planning: New Evidence on the Long-Run Effects of Increasing Access to Contraception,” Brookings Papers on Economic Activity, 2013; “How the U.S. Fought the War on Poverty: The Economics and Politics of Funding at the Office of Economic Opportunity” (with Duquette), Journal of Economic History, 2014; Legacies of the War on Poverty (edited volume, with Danziger), 2013; “The War on Poverty’s Experiment in Public Medicine: The Impact of Community Health Centers on the Mortality of Older Americans” (with Goodman-Bacon), AER, March 2015; “Hope for America’s Next Generation” (with Timpe), Science, 2016.

AEA Offices, Committee Memberships, and Honors: Director, CeMENT Workshop for Faculty in Doctoral Programs and CSWEP Board Member, 2017-20; Associate Editor, AER, 2018-; Board of Editors, JEL, 2015-.

Other Affiliations and Honors: Research Associate, National Bureau of Economic Research 2013-; Arthur H. Cole Prize for best article published in the Journal of Economic History, 2014; IZA Young Labor Economist Award, 2013; Deputy Editor, Demography, 2013-16; Editorial Board, Journal of Economic History, 2008-11; University of Michigan, Class of 1923 Memorial Teaching Award, June 2013; University of Michigan, John Dewey Teaching Award for outstanding teaching of undergraduates, June 2017.

SUSANTO BASU, Professor of Economics, Boston College

Previous and Present Positions: Assistant Professor, University of Michigan, 1992–98; Associate Professor, University of Michigan, 1998–2003; Professor, University of Michigan, 2003-05; Professor, Boston College, 2005-; Visiting faculty, Harvard University, 1997, 2002, 2003, 2014.

Degrees: Harvard University A.B., 1986; Ph.D., 1992.

Publications: “Intermediate Goods and Business Cycles: Implications for Productivity and Welfare,” AER, 1995; “Are Apparent Productive Externalities a Figment of Specification Error?” (with Fernald), Journal of Monetary Economics, 1995; “Procyclical Productivity: Increasing Returns or Cyclical Utilization?” Quarterly Journal of Economics, 1996; “Returns to Scale in U.S. Production: Estimates and Implications” (with Fernald), Journal of Political Economy, 1997; “Appropriate Technology and Growth” (with Weil), Quarterly Journal of Economics, 1998; “Business Cycles in International Historical Perspective” (with Taylor), JEP, 1999; “Aggregate Productivity and Aggregate Technology” (with Fernald), European Economic Review, 2002; “The Case of the Missing Productivity Growth” (with Fernald, Oulton and Srinivasan), NBER Macroeconomics Annual, 2003; “Are Technology Improvements Contractionary?” (with Fernald and Kimball), AER, 2006; “The Value of Risk: Measuring the Service Output of U.S. Commercial Banks” (with Inklaar and Wang), Economic Inquiry, 2011; “Some Evidence on the Importance of Sticky Wages” (with Barattieri and Gottschalk), AEJ: Macroeconomics, 2014; “Allocative and Remitted Wages: New Facts and Challenges for Keynesian Models” (with House), Handbook of Macroeconomics, 2016; “Uncertainty Shocks in a Model of Effective Demand” (with Bundick), Econometrica, 2017.

AEA Offices, Committee Memberships, and Honors: Board of Editors, AER, 1997-2000; Member, AEA Committee on Economic Statistics, 2012-14.

Other Affiliations and Honors: Hoover Institution National Fellow, 1994-95; National Science Foundation CAREER award, 1995; Alfred P. Sloan Foundation Research Fellowship, 1997; University of Michigan Class of 1923 Memorial Teaching Award, 1998; Research Associate, NBER, 1998-; Executive Committee, Conference on Research in Income and Wealth (CRIW), 2006-.