Jonathan A. Parker


Jonathan A. Parker


Jonathan A. Parker is the Robert C. Merton (1970) Professor of Finance at MIT's Sloan School of Management and CoDirector of the MIT Golub 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 coeditor 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.


NBER Macroeconomics Annual 2017, Volume 32.

Eichenbaum, Martin, and Jonathan A. Parker (Eds.). Chicago, IL: University of Chicago Press Journals, Forthcoming.

"Belief Disagreement and Portfolio Choice."

Meeuwis, Maarten, Jonathan A. Parker, Antoinette Schoar, and Duncan I. Simester, MIT Sloan Working Paper 5553-18. Cambridge, MA: MIT Sloan School of Management, September 2018.

"Asymmetric Consumption Response of Households to Positive and Negative Anticipated Cash Flows."

Baugh, Brian, Itzhak Ben-David, Hoonsuk Park, Jonathan A. Parker, MIT Sloan Working Paper 5554-18. Cambridge, MA: MIT Sloan School of Management, August 2018.

"The Local Aggregate Effects of Minimum-Wage Changes."

Cooper, Daniel, María José Luengo-Prado, and Jonathan Parker, Working Paper. 2018.

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