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

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...

Most of the growth in earnings inequality in the United States over the last several decades can be explained by employment growth and changes in...

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