Faculty Directors


The primary goal of BFI’s Macroeconomics Research Initiative is to support research in the area of macroeconomics within the Chicago economics community, with an emphasis on junior faculty. Macroeconomics is a broad field including, but not limited to, monetary and fiscal policy, income distribution, labor markets and employment, inequality, and long-run growth. We particularly support and encourage research that studies the implications of microeconomic heterogeneity for the macroeconomy, from the point of view of both firms and households, and research that incorporates insights from other subfields and disciplines to better improve our understanding of the aggregate economy.

Associated Scholars

Associated Working Papers

BFI Working Paper Jan 16, 2019

Dynamism Diminished: The Role of Housing Markets and Credit Conditions

Steven J. Davis, John Haltiwanger
Topics:  Monetary Policy, Employment & Wages, Fiscal Studies, Economic Mobility & Poverty
BFI Working Paper Jan 16, 2019

The Aggregate Implications of Regional Business Cycles

Martin Beraja, Juan Ospina, Erik Hurst
Topics:  Fiscal Studies, Monetary Policy, Economic Mobility & Poverty, Technology & Innovation
BFI Working Paper Dec 12, 2018

The Benchmark Inclusion Subsidy

Anil Kashyap, Natalia Kovrijnykh, Jian Li, Anna Pavlova
Topics:  Financial Markets

Associated News

Media Mention Mar 23, 2019

Greg Kaplan discusses his work on inequality and monetary policy, the wealthy hand-to-mouth and HANK models

Central Banking Podcast
Topics:  Monetary Policy, Economic Mobility & Poverty
BFI News Jan 30, 2019

Professor Greg Kaplan Wins Award for Economics in Central Banking

University of Chicago Professor Greg Kaplan and Princeton University Professors Benjamin Moll and Gianluca Violante have been awarded the 2019 Central Banking Award for Economics in Central Banking. This prestigious award is given...