Mark Bils

Last updated
Mark Bils
Born1958 (age 6364)
Institution University of Rochester
Alma mater MIT, Ohio State University
Doctoral
advisor
Stanley Fischer [1]

Mark Bils (December 1, 1958) is a macroeconomist at the University of Rochester. [2] Bils obtained his PhD in economics from MIT in 1985 and BA in economics from Ohio State University in 1979. He has taught at the University of Chicago GSB and is currently professor and chair of the Department of Economics at the University of Rochester.

In 1987, Bils published The Cyclical Behavior of Marginal Cost and Price in the American Economic Review where he argued that marginal cost is procyclical. This is driven from the counterintuitive fact that employment is high when wages are high. Thus, Bils argues, an increase untrained labor must increase marginal costs (in the same way an increase in demand increases wages). He is in the top 5% of most cited economists.

Selected publications

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References

  1. Bils, Mark (1985). Essays on the cyclical behavior of cost and price (Ph.D.). MIT . Retrieved 27 May 2017.
  2. "Shopping for the Consumer Price Index". NPR. 19 July 2006. Retrieved 9 May 2011.