Program Director(s)


Yale has a long and storied tradition of excellence in macroeconomics and is currently one of the most vibrant macro research groups in the world. It includes faculty leading the field in both theory and empirical research as well as several faculty influencing current policy debates. It consistently trains and places macroeconominists in leading universities and policy institutions around the world.

Overview of Courses

The graduate macro sequence consists of the two core courses (510 and 511) and two advanced courses (525 and 526). The core courses analyze short-run determination of aggregate employment, income, investment, saving, prices, interest rates, asset prices, as well as growth, fiscal and monetary policy. To this purpose, core courses extensively train students in the methodology of modern dynamic economics: Dynamic Programming, Vector Autoregressions, Equilibrium concepts, computational methods. The advanced courses are topical and track frontier research in macroeconomics. Prominent examples of recently covered topics are heterogeneous agent economics with adjustment costs to capital and labor, wealth inequality in incomplete market economies with financial market imperfections, optimal taxation, search theory of unemployment.


We have a weekly Macroeconomics Workshop at which faculty from other universities and advanced graduate students make presentations. The department also sponsors a weekly Macro Lunch where Yale faculty and graduate students present work in early stages.

Activities during Academic Year

Program Conferences

See the Conference page for all listings (formally called Structural Microeconomics).


(for contact info, see Visiting Faculty page)






  • Eeckhout, Jan,
    Universitat Pompeu Fabra, University College London



  • Akcigit, Ufuk, University of Pennsylvania
  • Atkeson, Andy, UC-Los Angeles
  • Borovicka, Jaroslav, NYU
  • Doepke, Matthias, Northwestern University
  • Guvenen, Fatih, University of Minnesota
  • Holz, Carsten, Hong Kong University
  • Krusell, Per, Stockholm University
  • Lindenlaub, Ilse, NYU
  • Luttmer, Erzo G. J., University of Minnesota
  • Nakamura, Emi, Columbia Business School
  • Neiman, Brent, University of Chicago-Booth
  • Shourideh, Ali, University of Pennsylvania-Wharton
  • Steinsson, Jon, Columbia University
  • Townsend, Robert, MIT
  • Ursúa, José, Goldman, Sachs & Co.
  • Venkateswaran, Venky, NYU-Stern
  • Yared, Pierre, Columbia University
  • Zhu, Xiaodong, University of Toronto
  • Atkeson, Andy, University of California-Los Angeles
  • Bigio, Saki, Columbia University Business School
  • Engel, Eduardo, Universidad de Chile
  • Krusell, Per, Stockholm University
  • Lagos, Ricardo, NYU
  • Schaal, Edouard, NYU
  • Yashiv, Eran, Tel Aviv University
  • Hellwig, Christian, Toulouse School of Economics
  • Jin, Keyu, London School of Economics
  • Kehoe, Patrick, University of Minnesota
  • Krusell, Per, Stockholm University
  • Lopes de Melo, Rafael, University of Chicago
  • Mertens, Thomas, NYU-Stern School of Business
  • Nosal, Jaromir, Columbia University
  • Lagakos, David, Arizona State University
  • Peters, Michael, MIT
  • Piazzesi, Monika, Stanford University
  • Primiceri, Giorgio, Northwestern University
  • Rogerson, Richard, Princeton University
  • Schneider, Martin, Stanford University
  • Su, Che-Lin, University of Chicago
  • Troshkin, Maxim, University of Minnesota
  • Waugh, Michael, NYU-Stern School of Business
  • Yared, Pierre, Columbia University
  • Alessandria, George, Federal Bank of Philadelphia
  • Beaudry, Paul, University of British Columbia
  • Fernandez-Villaverde, Jesus, University of Penn
  • Gabaix, Xavier, New York University
  • Galenianos, Manolis, Pennsylvania State
  • Gorodnichenko, Yuriy, University of California-Berkeley
  • Gourio, Francois, Boston University
  • Giumaraes, Bernardo, FGV/SP
  • Klenow, Peter, Stanford University
  • Krusell, Per, Stockholm University
  • Lagakos, David, Arizona State University
  • Mertens, Thomas, NYU-Stern School of Business
  • Parker, Jonathan, Northwestern University
  • Philippon, Thomas, NYU-Stern School of Business
  • Ramey, Valerie, University of California-San Diego
  • Reis, Ricardo, Columbia University
  • Rios-Rull, Jose-Victor, University of Minnesota
  • Shourideh, Ali, University of Pennsylvania
  • Troshkin, Maxim, University of Minnesota
  • Ventura, Gustavo, Arizona State University
  • Waugh, Michael, NYU-Stern School of Business
  • Aguiar, Mark, University of Rochester
  • Atkeson, Andy, University of California-Los Angeles
  • Canova, Fabio, Universite Pompeu Fabra
  • Chari, V. V., University of Minnesota
  • Gabaix, Xavier, New York University
  • Hopenhayn, Hugo, University of California-Los Angeles
  • Jovanovic, Boyan, New York University
  • Kortum,Samuel, University of Chicago
  • Krusell, Per, Stockholm University-IIES
  • Kurlat, Pablo, MIT
  • Maziero, Pricila, University of Pennsylvania
  • Menzio, Guido, University of Pennsylvania
  • Nosal, Jaromir, Columbia University
  • Ohanian, Lee, University of California-Los Angeles
  • Pasten, Ernesto, Toulouse School of Economics
  • Piskorski, Tomasz, Columbia University
  • Pistaferri, Luigi, Stanford University
  • Santos, Andres, University of California-San Diego
  • Watson, Joel, University of California-San Diego
  • Saint-Paul, Gilles, University of Toulouse
  • Yared, Pierre, Columbia University
  • Alvarez, Fernando, University of Chicago
  • Bachmann, Ruediger, University of Michigan
  • Bloom, Nicholas, Stanford University
  • Buera, Francisco, University of California-Los Angeles
  • Caselli, Francesco, London School of Economics
  • Chari, V. V., University of Minnesota
  • Doepke, Matthias, Northwestern University
  • Farhi, Emmanuel, Harvard University
  • Guevenen, Fatih, University of Minnesota
  • Jaimovich, Nir, Stanford University
  • Jones, Larry, University of Minnesota
  • Kaboski, Joseph, Ohio State University
  • Khan, Aubhik, Ohio State University
  • Krueger, Dirk, University of Pennsylvania
  • Krusell, Per, Princeton University
  • Lippi, Francesco, University of Sassari
  • Maziero, Pricila, University of Pennsylvania
  • Midrigan, Virgiliu, New York University
  • Ohanian, Lee, University of California-Los Angeles
  • Roussanov, Nikolai, University of Pennsylvania
  • Shimer, Robert, University of Chicago
  • Sonin, Konstantin, Northwestern University
  • Thomas, Julia, Ohio State University
  • Vives, Xavier, University of Navarra
  • Yared, Pierre, Columbia University
  • Azzimonti, Marina, University of Texas-Austin
  • Burstein, Ariel, University of California
  • Chari, V. V., University of Minnesota
  • Gureiv, Sergie, New Economic School
  • Guerrieri, Veronica, University of Chicago
  • Hellwig, Christian, University of California-Los Angeles
  • Kehoe, Patrick, University of Minnesota
  • Lorenzoni, Guido, MIT
  • Prat, Julien, University of Vienna
  • Yared, Pierre, Columbia University
  • Fernandez-Villaverde, Jesus, University of Pennsylvania
  • Golosov, Mike, Harvard University
  • Tsyvinski, Aleh, Harvard University
  • Gali, Jordi, CREI
  • Guvenen, Fatih, University of Texas-Austin
  • Krusell, Per, University of Pennsylvania
  • Postel-Vinay, Fabien, University of Bristol
  • Reiter, Michael, Universitat Pompeu Fabra
  • Wright, Randall, University of Pennsylvania
  • Caballero, Ricardo, MIT
  • Marino, Alexandre, University of Paris
  • Storesletten, Kjetil, University of Oslo
  • Violante, Gianluca, New York University