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Biography of N. Gregory - Economist
Biography
N
Nicholas Gregory Mankiw (born February 3, 1958) is a macroeconomics|macroeconomist. In 2003, he became the chairman of George W. Bush|President Bush's Council of Economic Advisors. Mankiw was born in Trenton, New Jersey. He received his high school diploma from The Pingry School in 1976. Graduating from Princeton University summa cum laude in 1980 with an A.B. in Economics, he worked as an staff economist for the Council of Economic Advisers from 1982-83, foreshadowing his later position as chairman of that organization. After leaving the Council, he earned his Ph.D. in Economics from the Massachusetts Institute of Technology in 1984. He taught at MIT for a year and then became an assistant professor of Economics at Harvard University in 1985 and full professor in 1987. He returned to politics when he was appointed Chairman of the Council of Economic Advisors in May 2003. He has since returned to teaching at Harvard, taking over the introductory economics course taught for many years by Martin Feldstein. He has also written two popular college-level textbooks, Principles of Economics and Macroeconomics. Together, one million copies of the books have been sold in seventeen languages. Before working at the CEA, he was regarded as a moderate-to-liberal New Keynesian economics|New Keynesian economist. He did important work on menu costs, which are a source of price stickiness, one of the fundamental tenets of Keynesian economics. However, his advocacy of tax cuts while at the CEA led some other economists, such as Paul Krugman and J. Bradford DeLong, to criticize him as in thrall to Bush administration policies. In 1989, he wrote a paper arguing that the aging of the baby boomers was going to undermine the housing market in the 1990's and 2000's. ==Important Works== * Journal reference | Title=Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly | Author=N. Gregory Mankiw | Journal=Quarterly Journal of Economics | Volume=100 | Year=May 1985 | Pages=529-537 * Journal reference | Title=A Contribution to the Empirics of Economic Growth | Author=N. Gregory Mankiw, David Romer, and David Weil | Journal=Quarterly Journal of Economics | Volume=107 | Year=May 1992 | Pages=407-437 ==External Links== * http://post.economics.harvard.edu/faculty/mankiw/m ankiw.html Mankiw's page at Harvard University * http://www.whitehouse.gov/cea/mankiwbio.html Offical White House Biography (almost identical to the Harvard biography) * http://phoenix.liu.edu/~uroy/Mankiw/Mankiw-CEA3.ht m "Into the Politics of Economics" New York Times article

