Professor JAMES H. STOCK

Vice President of the American Economic Association - AEA

Vice Provost for Climate and Sustainability, Director, Salata Institute for Climate and Sustainability, and Professor, Department of Economics and Kennedy School, Harvard University.

Statement of Purpose: Every day, economists produce credible and important analyses, train the leaders of tomorrow, and generate creative solutions to practical problems. Yet our field is under stress: trust in expertise is waning, federal funding is diminishing, and the academic job market is tightening. The AEA cannot solve all these trends, but it can help while adhering to its nonpartisan mission. We can do more to educate the press and the public about the credible, important, relevant, and viewpoint-diverse work done by economists. We can promote alternative research funding sources while demonstrating the returns to public support. We can strengthen connections with non-academic economists and showcase their value and impact in the private, public, and nonprofit sectors. Such education about the profession for the public and for a diverse pipeline is especially important now, and I would be honored and eager to help.

Present and Previous Positions: Vice Provost for Climate and Sustainability, 2021–, Harold Hitchings Burbank Professor of Political Economy, Department of Economics, 2007–, Chair, Department of Economics, 2006–09, Professor, Kennedy School, 1991–, and Assistant and Associate Professor, Kennedy School, 1983–90, Harvard University; Director, 2021–, Salata Institute for Climate and Sustainability; Member, 2013–14, Council of Economic Advisers; Co-Editor, 2015–23, Brookings Papers on Economic Activity; Co-Editor, 2018–22, Environmental and Energy Policy and the Economy (NBER); Co-Editor, 2009–12, Econometrica; Managing Editor and Chair, Board of Editors, 1992–2003, The Review of Economics and Statistics; Professor of Economics, 1990–91, University of California, Berkeley; National Fellow, 1986–87, Hoover Institution.

Degrees: Ph.D. in Economics, University of California, Berkeley, 1983; M.A. in Statistics, University of California, Berkeley, 1982; B.S. in Physics, Yale University, 1978.

Publications: “The Macroeconomic Impact of Europe’s Carbon Taxes,” (with Metcalf), AEJ: Macroeconomics, 2023;
“The Size–Power Tradeoff in HAR Inference,” (with Lazarus and Lewis), Econometrica, 2021; “Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments,” (with Watson), Economic Journal, 2018; “The Cost of Reducing Greenhouse Gas Emissions,” (with Gillingham), JEP, 2018; “Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve,” (with Mavroeidis and PlagborgMøller), JEL, 2014; “Forecasting Using Principal Components from a Large Number of Predictors,” (with Watson), Journal of the American Statistical Association, 2002; “Instrumental Variables Regression with Weak Instruments,” (with Staiger), Econometrica, 1997; “Stochastic Trends and Economic Fluctuations,” (with King, Plosser, and Watson), AER, 1991; “Asymptotic Properties of Least Squares Estimators of Cointegrating Vectors,” Econometrica, 1987; Introduction to Econometrics, (with Watson), (2003, 2007, 2011, 2015, 2019).

Other Affiliations and Honors: Member, NBER Business Cycle Dating Committee, 2009–12, 2016–; Member, Panel of Economic Advisers, Congressional Budget Office, 2017–; Member, Climate-related Financial Risk Advisory Committee of the Financial Stability Oversight Council, 2023–; University Fellow, Resources for the Future, 2019–;
Member, American Academy of Arts and Sciences, elected 2006; Fellow, The Econometric Society, elected 1992; Member, Economic Advisory Panel, Federal Reserve Bank of New York, 2021–25; Member, Massachusetts Council of Economic Advisers, 2008–12; Co-chair, NBER–NSF Conference on Time Series, 2001–12; Sloan Research Fellowship, 1988.

Academic Profile by:

Professor Assistant Filipos Ruxho, Sustainable Regional Development Scientific Journal

References

https://www.aeaweb.org/about-aea/leadership/election-winners