The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President. The council is made up of its chairperson and generally two to three additional member economists. Its chairperson requires appointment and Senate confirmation, and its other members are appointed by the President.
Economic statistics is a topic in applied statistics and applied economics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is closely related to business statistics and econometrics. It is also common to call the data themselves "economic statistics", but for this usage, "economic data" is the more common term.
Richard H. Thaler is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.
Hirsh Zvi Griliches was a Lithuanian-born economist at Harvard University. The works by Zvi Griliches mostly concerned the economics of technological change, including empirical studies of diffusion of innovations and the role of R & D, patents, and education. In 2023 he had 126 publication listed in Web of Science and a Hirsch index of 49, which places him into 2% of most productive economics professors in the USA.
Jonathan David Levin is an American economist and the 13th President of Stanford University. He was previously the 10th Dean of the Stanford Graduate School of Business.
Timur Kuran is a Turkish-American economist and political scientist currently serving as a Professor of Economics and Political Science, and Gorter Family Professor of Islamic Studies at Duke University. His research lies at the intersection of economics, political science, history, and law.
In economics, an agent is an actor in a model of some aspect of the economy. Typically, every agent makes decisions by solving a well- or ill-defined optimization or choice problem.
Mainstream economics is the body of knowledge, theories, and models of economics, as taught by universities worldwide, that are generally accepted by economists as a basis for discussion. Also known as orthodox economics, it can be contrasted to heterodox economics, which encompasses various schools or approaches that are only accepted by a minority of economists.
An internality is the long-term benefit or cost to an individual that they do not consider when making the decision to consume a good or service. One way this is related to behavioral economics is by means of the concept of hyperbolic discounting, in which immediate consequences of a decision are disproportionately weighed compared to the future consequences. A potential cause is lack of access to full information regarding the associated costs and benefits prior to consumption. This contrasts with traditional economic theory, which makes the assumption that individuals are rational decision makers who take all personal costs into account when paying for goods and services.
Structural estimation is a technique for estimating deep "structural" parameters of theoretical economic models. The term is inherited from the simultaneous equations model. Structural estimation is extensively using the equations from the economics theory, and in this sense is contrasted with "reduced form estimation" and other nonstructural estimations that study the statistical relationships between the observed variables while utilizing the economics theory very lightly. The idea of combining statistical and economic models dates to mid-20th century and work of the Cowles Commission.
"The Use of Knowledge in Society" is a scholarly article written by Austrian-British academic economist Friedrich Hayek, first published in the September 1945 issue of The American Economic Review.
Margaret Gilpin Reid was an economist in the area of household production, housework and non-market activities.
Emi Nakamura is a Canadian-American economist. She is the Chancellor's Professor of Economics at University of California, Berkeley. Nakamura is a research associate and co-director of the Monetary Economics Program of the National Bureau of Economic Research, and a co-editor of the American Economic Review.
Jonah E. Rockoff is an American education economist and currently works as Professor of Finance and Economics at the Columbia Graduate School of Business. Rockoff's research interests include the economics of education and public finance. His research on the management of public schools has been awarded the 2016 George S. Eccles Research Award in Finance and Economics by Columbia Business School.
Melissa Dell is an American economist who is the Andrew E. Furer Professor of Economics at Harvard University. Her research interests include development economics, political economy, and economic history.
Kathleen M. McGarry is the Thomas Muench Endowed Chair of Economics at Stony Brook University and a Research Associate of the National Bureau of Economic Research. She is also a co-investigator of the Health and Retirement Survey. She has also been a professor of economics at the University of California, Los Angeles. From 2007 to 2009, she was Joel Z. and Susan Hyatt ‘72 Professor in the Department of Economics at Dartmouth College. She has served on the Editorial Boards of the American Economic Journal: Public Policy, the American Journal of Health Economics, and the Journal of Pension Economics.
Robert Allen Moffitt is an American economist; he is currently the Krieger-Eisenhower Professor of Economics at Johns Hopkins University. His areas of research include the economics of tax and transfer programs, especially welfare programs, the analysis of earnings instability in the labor market, the economics of the family, and applied microeconometrics.
Luc Laeven is a Dutch economist, director-general of the research department of the European Central Bank 2015–present. Previously he held senior posts at the International Monetary Fund and the World Bank. He was also a Professor Finance at Tilburg University from 2009 to 2019. He has been a research fellow at the Centre for Economic Policy Research in London since 2009.
Isaiah Andrews is an American economist who is a professor of economics at the Massachusetts Institute of Technology and a research associate of the National Bureau of Economic Research. He is also a co-editor of the American Economic Review. In 2018, The Economist named him one of the 8 "best young economists of the decade." He was named a MacArthur Fellow in 2020 and in 2021, the American Economic Association awarded him the John Bates Clark Medal.
In economics, the credibility revolution was the movement towards improved reliability in empirical economics through a focus on the quality of research design and the use of more experimental and quasi experimental methods. Developing in the 1990s and early 2000s, this movement was aided by advances in theoretical econometric understanding, but was especially driven by research studies that focused on the use of clean and credible research designs.
