Nicholas Gregory Mankiw 101: Who is an American Macroeconomist? In our article of Zatrun.com, we will cover in detail everything you need to know about Nicholas Gregory Mankiw, the American Macroeconomist whom our readers are curious about.
His Life and Educational Life:
Nicholas Gregory “Greg” Mankiw is a famous American macroeconomist, born on February 3, 1958 in Trenton, New Jersey. Mankiw was an outstanding student and graduated with the highest degree in economics from Princeton University in 1980. Nicholas Gregory Mankiw started working as an economist at the Council of Economic Advisors in 1982 after graduating. He continued his academic studies and completed his doctorate in economics at the Massachusetts Institute of Technology.
Mankiw’s important work on price rigidity and menu costs has been widely accepted in the field of economics. He then went on to study law at Harvard University, but left without completing his degree because he felt he was not good enough in his field.
After completing his doctoral degree, Mankiw continued his academic career as a teacher. he started teaching at MIT in 1984 and became an assistant professor at Harvard University a year later. Mankiw’s outstanding teaching skills and research work have made him a popular figure in the academic world. in 1987, he became a professor at Harvard University, where he taught economics for several years. He returned to politics in May 2003 when he was appointed by Bush as chairman of the Council of Economic Advisers.
Nicholas Gregory Mankiw’s academic contributions in the field of economics have been very great. He has authored many books and research articles that have gained international recognition. Mankiw’s research works on macroeconomics, monetary policy and fiscal policy have been widely cited by economists worldwide.
In addition to his academic pursuits, Mankiw has also made significant contributions to the world of politics. from 2003 to 2005, President George W. He served as chairman of Bush’s Council of Economic Advisers. During his tenure, Mankiw played a critical role in shaping the administration’s economic policies, especially tax cuts.
His Academic Works
Nicholas Gregory “Greg” Mankiw has written two popular university textbooks that have been translated into 17 languages and sold more than a million. He is a proponent of Keynesian economics and has conducted important research on price stickiness in terms of menu costs.
During his time on the Council of Economic Advisers, he advocated tax reduction policies, which provoked criticism from some economists. Nicholas Gregory Mankiw has become one of the leading figures in the world of economics with the use of the Internet, which he writes in his blog. Originally created to help its students, the blog has reached a wider readership beyond introductory economics students.