Christopher Carroll is Professor of Economics at the Johns Hopkins University in Baltimore and an NBER Research Associate in the programs on Monetary Economics and Economic Fluctuations and Growth.
He received his A.B. in Economics from Harvard University in 1986 and his Ph.D. from the Massachusetts Institute of Technology in 1990. After graduating from M.I.T., he worked at the Federal Reserve Board in Washington DC, where his responsibilities included preparation of the forecast for consumer expenditure. After moving to the Johns Hopkins University in 1995, he spent 1997-98 working at the Council of Economic Advisors in Washington, where his responsibilities included analysis of Social Security reform proposals, tax and pension policy, and bankruptcy reform.
Professor Carroll's research has primarily focused on consumption and saving behavior, with an emphasis on reconciling the empirical evidence from both microeconomic and macroeconomic sources with theoretical models. In addition to articles in economics journals, he is the author of Encyclopedia Britannica articles on consumption related topics. He was the recipient of an Alfred P. Sloan foundation early career fellowship and of the TIAA-CREF/Samuelson Certificate of Excellence for his work on precatuionary saving behavior over the life cycle. He is an associate editor at the Review of Economics and Statistics, (ReStat) the Journal of Business and Economic Statistics, (JBES) and the Berkeley Electronic Journal of Macroeconomics (BEJM).
His recent research has focused on the dynamics of expectations formation, particularly on how expectations reflect households' learning from each other and from experts. This focus flows from a career-long interest in consumer sentiment and its determinants. He lives in Columbia Maryland with his wife, Jennifer Manning.
Recent Blog Posts by Christopher Carroll
- Treasury Rewards Waiting
- Bolder and more forceful
- Punter Of Last Resort
- Banks and turtles
- A green stimulus: tax credits for home energy efficiency
- Recent Stock Declines: Panic or Just the End of “Irrational Exuberance?”
- Scary Story: Global Stock Declines and the Baby Boom
- Tarp And The Ruin Of Pompeii: An Analogy
- Should ‘Mark to Market’ Meet Its Maker?
- Credit Crisis Versus Credit Crunch
- A Warranted Buy-In
- Revolting Economists
- Let Bankruptcy Judges Make Bankruptcy Judgments
- What To Do (and Not To Do) In A Financial Panic
- Capitalism and Skepticism