Program Directors
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.
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
A defining feature of the US economy since 2021 has been the unusual tightness of the labor market. The unemployment rate, currently 3.5 percent, not...
In the US labor market, about one-third of all unemployment spells begin with temporary layoffs. Some workers who are placed on temporary layoff, however...
From December 2019 to November 2021, US house prices grew by 23.8 percent, the fastest rate on record. At the same time, the COVID-19 pandemic reshaped...