Martin Eichenbaum

Martin Eichenbaum is the Charles Moskos Professor of Economics at Northwestern University's Department of Economics. He is a leading macroeconomist specializing in monetary policy, economic fluctuations, and fiscal policy analysis. His research explores topics such as exchange rate dynamics, the effects of monetary policy on business cycles, and the macroeconomic impacts of epidemics. Eichenbaum holds positions as a Research Associate at the National Bureau of Economic Research (NBER) and a Fellow of both the Econometric Society and the American Academy of Arts and Sciences.

Education:

• PhD in Economics, University of Minnesota (1981)
• B.Comm in Economics, McGill University (1976)

Research Interests:
Eichenbaum's work focuses on understanding aggregate economic fluctuations, particularly through the lens of DSGE models. His recent studies examine the interplay between monetary policy, fiscal policy, and real-world phenomena like pandemics. He has contributed significantly to analyzing the effects of government spending multipliers, the predictability of exchange rates, and the implications of low interest rates for fiscal sustainability.

Notable Contributions:

• Pioneering research on the macroeconomic effects of epidemics, integrating public health dynamics with economic modeling.
• Analysis of state-dependent monetary policy effects, particularly through refinancing channels.
• Studies on fiscal policy effectiveness under imperfect expectations and zero-lower-bound constraints.

Grants & Affiliations:
Eichenbaum has held continuous NSF grants since 1983 and served as a consultant to the Federal Reserve Bank of San Francisco, the IMF, and Goldman Sachs. He co-directs the Center for International Economics at Northwestern and contributes editorially to journals like the American Economic Review and the NBER Macro Annual.

Labs/Teams:
He leads the Macroeconomic Analysis Group at Northwestern, collaborating with researchers like Sergio Rebelo and Mathias Trabandt on projects addressing contemporary economic challenges.