Program Directors

Emi Nakamura is a Chancellor’s Professor of Economics at the University of California, Berkeley. Her research interests center on monetary and fiscal policy, macroeconomic measurement, and the determinants of business cycles. She has been an NBER affiliate since 2007.

Jón Steinsson is a Chancellor’s Professor of Economics at the University of California, Berkeley. His research interests include price rigidity, the effects of monetary and fiscal policies on economic activity, and monetary policy design. He has been an NBER affiliate since 2007.
Featured Program Content

Ben Bernanke, former chair of the Federal Reserve Board and a senior fellow at the Brookings Institution, delivered a...

In tight labor markets, expansionary monetary policy has its largest impact on employment growth for demographic groups with lower than average labor...

Two recent NBER working papers develop new strategies for measuring the tightness of US labor markets and conclude that during 2021, these markets were...