The 3rd edition -- 2014.
New! The 3rd edition,
with Dietz Vollrath.
Recent Papers"The Facts of Economic Growth" December 2015. In preparation for the Handbook of Macroeconomics.
"A Schumpeterian Model of Top Income Inequality" (with Jihee Kim), July 2015, Version 2.0 (Slides) R&R at the JPE.
"Beyond GDP? Welfare across Countries and Time" (with Pete Klenow), February 10, 2016, Version 5.0. R&R at the AER.
"The Allocation of Talent and U.S. Economic Growth" (with Hsieh, Hurst, and Klenow), February 2013, Version 3.0. R&R at Econometrica.
"Life and Growth" October 17, 2014, Version 4.0. Forthcoming in the JPE.
"Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality" Journal of Economic Perspectives, Winter 2015.
"The Future of U.S. Economic Growth" (with John Fernald), American Economic Review Papers and Proceedings, May 2014.
"Misallocation, Economic Growth, and Input-Output Economics" in Advances in Economics and Econometrics, Tenth World Congress, Volume II, Cambridge University Press, 2013.
"Intermediate Goods and Weak Links in the Theory of Economic Development" American Economic Journal: Macroeconomics, April 2011.
"The Value of Life and the Rise in Health Spending" (with Bob Hall), Quarterly Journal of Economics, February 2007.
What Else is New?
10/16/15: "Growth and Ideas": Teaching slides on my favorite topic. See also "On the 25th Anniversary of Romer (1990)"
01/12/15: Useful Graphs for Teaching: Current updates of many Macroeconomics graphs. (Send me an email if you need this updated.)
01/09/14: Country Snapshots 8.0: Lots of data on every country in the world in a nice, graphical format (updated to Penn World Tables 8.0)
12/08/11: Google Scholar page.
03/29/11: Useful matlab functions, especially for making graphs
06/10/08: My latex style. Especially nice on a computer screen or color printer; hyperlinks throughout.
The third edition of my textbook on economic growth, now coauthored with Dietz Vollrath. Here it is at Amazon. The data in Table C.2 of the book can be downloaded from here.
- MgtEcon 610, Autumn 2015: Topics in Macroeconomics (PhD Course on Economic Growth)
-- Slides: Growth and Ideas | Romer1990Jones2005 | Kortum (1997) | DirectionTechChange | The Very Long Run
- MgtEcon 300: Stanford MBA Macroeconomics, Winter 2014: Syllabus | Lectures+Problems (zip file, 50MB)
- MgtEcon 342, Spring 2015: Business and Macroeconomics in Today's Global Economy (an MBA elective)
- Useful Graphs for Teaching: Contains updates of many time-sensitive graphs from the Short-Run section of Macroeconomics, as well as a number of other useful graphs that haven't yet made it into the text. (I'll update every 6-12 months or so).
- Data and computer programs used in my papers
- Country Snapshots Lots of data in nice graphs.
- Useful matlab functions, especially for making graphs
- My computer tips
- My research tagxedo | Bob Hall (more here)
My Latest Not-a-Blog Listings (complete list): Things I've read and enjoyed...
Seems like it applies to economics as well: "Physicists spend a large part of their lives in a state of confusion. It's an occupational hazard. To excel in physics is to embrace doubt while walking the winding road to clarity. The tantalizing discomfort of perplexity is what inspires otherwise ordinary men and women to extraordinary feats of ingenuity and creativity; nothing quite focuses the mind like dissonant details awaiting harmonious resolution. But en route to explanation -- during their search for new frameworks to address outstanding questions -- theorists must tread with considered step through the jungle of bewilderment, guided mostly by hunches, inklings, clues, and calculations. And as the majority of researchers have a tendency to cover their tracks, discoveries often bear little evidence of the arduous terrain that's been covered. But don't lose sight of the fact that nothing comes easily. Nature does not give up her secrets lightly." -- Brian Greene The Fabric of the Cosmos, Chapter 16.
A fact is worth a thousand theories... (?)
Data Links: FRED | NipaFRED | NIPATables | Quandl | BLS | FedBalanceSheet | Euro | Economist | EconomistHouse | Shiller | Country Snapshots | PennWorldTables | IMF | WB(Google) | FOMC | WSJForecast | SurveyProfFore | CBO | EcReportPresident | ConferenceBoard | WorldBank | TradingEconomics | WDI | OECDOutlook | FRBIntRates | TopIncomes | HHSurveys | REDMicroData | ILOHours | StateofUSA | NSF
Contact Information:Graduate School of Business
655 Knight Way
Stanford, CA 94305-4800
Phone: (650) 725-9265, Fax: (650) 724-7402
(directions to my office)