Mark Gertler (economist)
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Mark Gertler | |
|---|---|
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| Academic background | |
| Alma mater | Stanford University University of Wisconsin–Madison |
| Duncan K. Foley | |
| Influences | Ben Bernanke |
| Academic work | |
| Discipline | Macroeconomics Monetary economics |
School or tradition | New Keynesian economics |
| Institutions | New York University |
| Website | |
Mark L. Gertler[1] is an American economist, and Henry and Lucy Moses Professor of Economics at New York University (NYU). A specialist in business cycles and monetary policy, he has been an associate and collaborator of former Federal Reserve chairman Ben Bernanke for more than 30 years. He is among the 30 most cited economists in the world.[2]
Career
[edit]Gertler completed his B.A. in May 1973 from the University of Wisconsin–Madison, and his Ph.D. in June 1978 from Stanford University. He worked at Cornell University and the University of Wisconsin–Madison before joining the faculty at NYU.
Gertler and Bernanke published "Should Central Banks Respond to Movements in Asset Prices?" in the American Economic Review in 2001, five years before Bernanke replaced Alan Greenspan as Chairman of the Federal Reserve Board of Governors. The paper, which deals retrospectively with the stock market bubble of the Internet years, has become a widely cited policy paper in economics, outside the field as well as within. Bernanke and Gertler argue that the practice of targeting inflation and price stability, as the Federal Reserve has done since the 1980s, should be continued, while the more aggressive approach of managing "asset price bubbles", which some economists have advocated, would be ineffective or counterproductive.
Recognition
[edit]In 2020 he was awarded the BBVA Foundation Frontiers of Knowledge Award in the category "Economics, Finance and Management".[3]
He was named a Clarivate Citation laureate in Economic Sciences in 2009.[1]
Personal life
[edit]Gertler married Cara Lown, an economist, in 1990.[4]
References
[edit]- 1 2 "Thomson Reuters Predicts Nobel Laureates". PR Newswire. September 24, 2009.
- ↑ "Economist Rankings | IDEAS/RePEc". Retrieved March 23, 2026.
- ↑ BBVA Foundation Frontiers of Knowledge Awards 2020
- ↑ White, Ben (November 20, 2005). "Money: He repays his buddies". The Fresno Bee.
Further reading
[edit]- Bernanke, Ben; —— (2001). "Should Central Banks Respond to Movements in Asset Prices?". The American Economic Review. 91 (2): 253–257. doi:10.1257/aer.91.2.253.
- Interview with Mark Gertler (2013)
- Remarks by Governor Ben S. Bernanke (2002)
- CV of Mark L. Gertler
- Details about Mark Gertler
External links
[edit]
- 1951 births
- 21st-century American economists
- Cornell University faculty
- American macroeconomists
- New Keynesian economists
- New York University faculty
- Stanford University alumni
- University of Wisconsin–Madison alumni
- University of Wisconsin–Madison faculty
- Living people
- Fellows of the Econometric Society
- Fellows of the American Academy of Arts and Sciences