Mark Gertler (economist)

Short description: American economist

Mark Gertler

Born|  (1951-03-31) March 31, 1951 (age 75)
Nationality| American
Institution| New York University
Field| Macroeconomics
Monetary economics
School or
tradition| New Keynesian economics
Alma mater| Stanford University
University of Wisconsin–Madison
Doctoral
advisor| Duncan K. Foley
Influences| Ben Bernanke
Information at IDEAS / RePEc

Mark Lionel Gertler (born March 31, 1951) 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 Federal Reserve Chairman Ben Bernanke for more than 30 years. He is among the 20 most cited economists in the world.[1]

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.

In 2020 he was awarded the BBVA Foundation Frontiers of Knowledge Award in the category "Economics, Finance and Management".[2]

Gertler married Cara Lown, a Ph.D. economist, in 1991.

## References

1. ↑ "Economist Rankings | IDEAS/RePEc". https://ideas.repec.org/top/top.person.all.html.
2. ↑ BBVA Foundation Frontiers of Knowledge Awards 2020

## Further reading

* Bernanke, Ben; Mark Gertler (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

* Personal web page
* Publications and Working Papers

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normal;">Keynesians

Founder|

* John Maynard Keynes

Neo-Keynesians|

* Gardner Ackley
* Robert Solow
* William Baumol
* James Duesenberry
* Robert Eisner
* Trygve Haavelmo
* Alvin Hansen
* Roy Harrod
* Walter Heller
* John Hicks
* Lawrence Klein
* James Meade
* Lloyd Metzler
* Franco Modigliani
* Robert Mundell
* Arthur Melvin Okun
* Don Patinkin
* William Phillips
* William Poole
* Paul Samuelson
* James Tobin

Post-Keynesians|

* Victoria Chick
* Paul Davidson
* Evsey Domar
* James K. Galbraith
* John Kenneth Galbraith
* Myron J. Gordon
* Geoff Harcourt
* Michael Hudson
* Richard Kahn
* Nicholas Kaldor
* Michał Kalecki
* Steve Keen
* Jan Kregel
* Marc Lavoie
* Abba P. Lerner
* Hyman Minsky
* Bill Mitchell
* Basil Moore
* Steven Pressman
* Joan Robinson
* G. L. S. Shackle
* Pavlina R. Tcherneva
* Anthony Thirlwall
* Sidney Weintraub
* L. Randall Wray

New Keynesians|

* George Akerlof
* Ben Bernanke
* Olivier Blanchard
* Alan Blinder
* Guillermo Calvo
* Richard Clarida
* Brad DeLong
* Huw Dixon
* Stanley Fischer
* Jordi Galí
* Mark Gertler
* Robert J. Gordon
* Stephany Griffith-Jones
* Nobuhiro Kiyotaki
* Paul Krugman
* Greg Mankiw
* Marc Melitz
* Maurice Obstfeld
* Edmund Phelps
* Ricardo Reis
* Kenneth Rogoff
* David Romer
* Julio Rotemberg
* Nouriel Roubini
* Robert Shiller
* Andrei Shleifer
* Joseph Stiglitz
* Lawrence Summers
* John B. Taylor
* Michael Woodford

Related|

Keynesian economics

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