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Faculty
Jonathan A. Parker
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Centers & Initiatives
On leave 2019 – 2020
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 on topics such as macroeconomic risks and asset returns, fiscal stabilization policy, national saving, household financial decisions, the measurement of business cycles, and behavioral economics.
Publications
Featured Publication
"Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment."
Parker, Jonathan A. American Economic Journal: Macroeconomics Vol. 9, No. 4 (2017): 153-183. Publisher Page. Online appendix.
Featured Publication
"Optimal Time-Inconsistent Beliefs: Misplanning, Procrastination, and Commitment."
Brunnermeier, Markus K., Filippos Papakonstantinou, and Jonathan A. Parker. Management Science Vol. 63, No. 5 (2017): 1318-1340. Online Appendix.
NBER Macroeconomics Annual 2018, Volume 33.
Eichenbaum, Martin, and Jonathan A. Parker (Eds.). Chicago, IL: University of Chicago Press Journals, Forthcoming.
"Reported Effects vs. Revealed Preference Estimates: Evidence from the Propensity to Spend Tax Rebates."
Parker, Jonathan A. and Nicholas S. Souleles. American Economic Review: Insights. Forthcoming. Online appendix. VoxEU article. Formerly NBER Working Paper 23920.
"The Local Aggregate Effects of Minimum Wage Changes."
Cooper, Daniel, María José Luengo-Prado, and Jonathan A. Parker. Journal of Money, Credit and Banking. Forthcoming. Formerly NBER Working Paper #25761.
"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, July 2019. Online Appendix. NBER Working paper w25108.
Recent Insights
Ideas Made to Matter
MIT Sloan experts map economy in year one of Trump presidency
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