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
Treasury yields spiked during the initial phase of COVID. The 10-year yield increased by 64 bps from March 9 to 18,...
In tight labor markets, expansionary monetary policy has its largest impact on employment growth for demographic groups with lower than average labor...
How the New Fed Municipal Bond Facility Capped Muni-Treasury Yield Spreads in the Covid-19 Recession
For over two centuries, the municipal bond market has been a source of systemic risk, which returned early in the...