Mark Gertler | |
|---|---|
 | |
| Born | (1951-03-31)March 31, 1951 (age 74) |
| Academic background | |
| Alma mater | Stanford University University of Wisconsin–Madison |
| Doctoral advisor | Duncan K. Foley |
| Influences | Ben Bernanke |
| Academic work | |
| Discipline | Macroeconomics Monetary economics |
| School or tradition | New Keynesian economics |
| Institutions | New York University |
| Website | |
Mark Lionel Gertler (born March 31, 1951) is an Americaneconomist, and Henry and Lucy Moses Professor of Economics atNew York University (NYU). A specialist in business cycles and monetary policy, he has been an associate and collaborator ofFederal Reserve ChairmanBen Bernanke for more than 30 years. He is among the 20 most cited economists in the world.[1]
Gertler completed hisB.A. in May 1973 from theUniversity of Wisconsin–Madison, and hisPh.D. in June 1978 fromStanford University. He worked atCornell 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 theAmerican Economic Review in 2001, five years before Bernanke replacedAlan Greenspan as Chairman of the Federal Reserve Board of Governors. The paper, which deals retrospectively with thestock 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 theBBVA Foundation Frontiers of Knowledge Award in the category "Economics, Finance and Management".[2]
Gertler married Cara Lown, a Ph.D. economist, in 1991.
