Academic Areas Macroeconomics Faculty and Research

The macroeconomics academic area at Chicago Booth includes world-class researchers who are generating insights into many of the most critical economic issues of today, including price setting, labor economics, monetary policy, and how economic agents cope with changing environments.

In addition to being a part of the National Bureau of Economic Research, macroeconomics faculty at Booth have played key roles in government and advised world leaders. Steven J. Davis serves as an advisor to the US Congressional Budget Office. Randall S. Kroszner served as a governor of the Federal Reserve System and took a leading role in developing responses to the 2008 financial crisis. Anil K Kashyap serves on the Bank of England’s Financial Policy Committee.

The research of our macroeconomics faculty is published regularly in the leading economic journals, including the American Economic Review, the Quarterly Journal of Economics, and the Journal of Political Economy. Our macroeconomics professors regularly receive some of the most prestigious awards in this area, including the Bernácer Prize, the Carlo Alberto Medal, and Alfred P. Sloan Research Fellowships.

From the New York Times and the Economist to NPR and the Washington Post, major media outlets regularly look to our macroeconomics professors to provide clarity to today’s topical issues, including the labor market, unemployment, and inflation.

Macroeconomics Faculty

Students can expect a number of innovative courses from our macroeconomics faculty.

Courses such as The Wealth of Nations use quantitative analytical frameworks and case studies to examine the role of institutional factors on the performance of firms in emerging markets versus wealthy countries. Other courses such as Advanced Macroeconomics take an applied approach, covering topics that are organized around the impact of the pandemic on the macroeconomy.

Discover more about our macroeconomics faculty, including the classes they teach, below.

Featured Research in Chicago Booth Review

Discover some of the latest research from our macroeconomics professors.

Read More in Chicago Booth Review

Awards and Honors

Kilian Huber

Kilian Huber

Winner of the 2025 De la Vega Prize for his innovative and impactful contributions to financial research. 

Kilian Huber

Our MBA Concentrations in This Area

Professor Luigi Zingales pointing to a projection screen while teaching a class

Economics

Study economics with the scholars whose insights and analyses have reshaped the face of business, markets, and the global economy.

Economics

Our PhD Dissertation Areas in This Area

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Economics

Chicago Booth is renowned for economics faculty whose insights and analyses have changed the course of modern-day research in the field.

Economics

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Macroeconomics Faculty in the News



More factories. More jobs. Will Trump’s tariff promises pan out?
June 29, 2025 | USA Today
“When you expected to see the employment gains and reshoring the administration was talking about, there is not much evidence of that,” says Chicago Booth’s Rodrigo Adao of Trump’s first-term tariffs. “That puts a little bit of a question mark going forward.”

What if the U.S. just deleted government spending from GDP?
March 3, 2025 | Marketplace
Chicago Booth’s Guido Lorenzoni said if the U.S. were to delete government spending from gross domestic produce reports, it would likely be a publicity stunt.

Will politics or economics win out in 2024?
January 25, 2024 | Financial Times
Booth’s Elisa Rubbo has developed a “Divine Coincidence index” that tracks supply shocks alongside demand swings in inflation forecasts to better model current economic realities.

Partnering across the University of Chicago and Beyond

Our macroeconomics faculty are active in and outside of the University of Chicago. Every macroeconomics faculty member is an affiliate at the National Bureau of Economic Research. In addition:

Research Centers in This Area

Research centers across Booth and the University of Chicago are hubs for innovation and world-changing research. The centers provide our faculty with research support, and our faculty members lend their expertise to the centers, enriching the student experience and the broader academic community at Booth.

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