Robert C. Merton (1970) Professor of Finance
Jonathan A. Parker is the Robert C. Merton (1970) Professor of Finance at MIT's Sloan School of Management and co-director of the MIT Center for Finance and Policy. An expert in finance, macroeconomics, and household behavior, he has published widely on topics such as macroeconomic risks and asset returns, fiscal stabilization policy, national saving, household financial decisions, the measurement of business cycles, and modeling human economic behavior.
Parker has held numerous government service and consulting positions during his career, including special adviser on financial stability for the Office of Financial Stability in the U.S. Department of the Treasury in 2009. He is currently an Economic Adviser for the Congressional Budget Office, a Visiting Scholar at the Federal Reserve Bank of Boston, a Research Associate at the National Bureau of Economic Research, a member of the Board of Editors of the American Economic Review, and a co-editor of the NBER Macroeconomics Annual.
Parker holds a BA in economics and mathematics from Yale University and a PhD in economics from MIT.
Current Research Focus: Parker works on issues in household finance, financial markets, and public policy. Current projects include the efficacy of recent policies like economic stimulus payments and the "Cash for Clunkers" program at stimulating demand, the support of lending in markets with adverse selection, and portfolio choice.
General Expertise: Asset pricing; Bitcoin; Central banks; Currency; Equities; Euro; Exchange rates; Federal budget; Finance; Fiscal austerity; Fiscal cliff; Fiscal policies; Global economics; Great Recession; Intertemporal choice; Investment strategies; Macroeconomics; Monetary policy; Personal finance; Portfolio choice; Recession; Retirement finance; Savings rates; Securitization; Security prices; Stimulus
For more background on this faculty member's research and academic initiatives, please visit the MIT Sloan faculty directory.