John Muellbauer | |
|---|---|
| Born | July 17, 1944 |
| Nationality | German and British |
| Academic background | |
| Alma mater | King's College, Cambridge; University of California, Berkeley |
| Academic work | |
| Discipline | Applied microeconomics and macroeconomics |
| Institutions | University of Oxford |
| Notable ideas | Almost Ideal Demand System (AIDS) |
| Awards | Fellow of the British Academy; [1] Fellow of the Econometric Society; [2] Emeritus Fellow of the European Economic Association [3] |
John Norbert Joseph Muellbauer FBA (born 17 July 1944) is a British economist noted for influential contributions to applied microeconomics and macroeconomics,especially in consumer demand,housing economics,and macro-financial modelling. [4] He co-developed the Almost Ideal Demand System (AIDS) [5] with Angus Deaton and co-authored the graduate text Economics and Consumer Behaviour (1980). [6]
Beginning in the late 1980s,he was one of the first economists to focus on the complex interactions between housing markets and the economy. Over subsequent decades,he extended his research to the roles of household balance sheets,credit constraints,and housing markets,developing econometric techniques to measure unobserved credit conditions and demonstrating how housing booms and busts transmit to the real economy. [4] [7] [8] [9] In 2014,Muellbauer wrote a famous call for a 'quantitative easing for people' in the Eurozone. [10]
He is Senior Research Fellow of Nuffield College,Oxford [11] and of the Institute for New Economic Thinking at the Oxford Martin School, [12] University of Oxford. [13]
Muellbauer was elected Fellow of the Econometric Society (1975),Fellow of the British Academy (1997),and Fellow of the European Economic Association (2006). [4] He has served on the editorial boards of Econometrica [14] and The Review of Economic Studies. [4] He continues to advise central banks and policy institutions worldwide,including recently conducting an independent review for the Czech National Bank. [15]
Deaton,A &Muellbauer,J (1980) Economics and Consumer Behaviour,Cambridge University Press
Deaton,A.,&Muellbauer,J. (1980). An almost ideal demand system. The American economic review,312–326.