413:, is a widely cited and read graduate-level textbook on the theory and evidence concerning long-run economic growth. Barro's research in the 1990s was focused mainly on the theoretical and empirical determinants of growth: he gave fundamental contributions to the theory of endogenous growth, with particular attention to the links between innovation and public investment on one side and growth on the other side. He was a pioneer in the econometric analysis of the main factors associated with growth in the modern era.
352:" in which he argued that information asymmetries would cause real effects as rational economic actors in response to uncertainty but not in response to expected monetary policy changes. In it and other essays, he investigated the real effects of monetary changes through which he could significantly contribute to the clarification of the exact circumstances of the validity of the
282:
in 1970. He first reached wide notice with a 1974 paper, "Are
Government Bonds Net Wealth?" It argued that under certain assumptions, present governmental borrowing would be matched by increased bequests to future generations to pay future taxes expected to pay down the government bonds; thus a
356:. While he has revisited the topic since then and critically appraised the paper, it was important in integrating the role of money into neoclassical economics and into the synthesis of general equilibrium and macroeconomic models.
363:
argument to the role of central banks and concluded that central banks, to have credibility in inflation fighting, must be locked into inflation targets that they cannot violate to reduce unemployment. In the 1970s, economist
322:
to produce the influential 1971 article "A General
Disequilibrium Model of Income and Employment", which for many years held the distinction of being the most cited article published in the
1629:
1624:
1604:
1131:
388:. Numerous sources incorrectly credit Barro with this because of the similarity of name with his own "Barro Misery Index." Barro's version first appeared in a 1999
1437:
1518:
1420:
462:
Barro's work has been central to many of the economic and public policy debates of the last 30 years, including business cycle theory, growth theory, the
459:
is less than one. He believes that for every dollar the government borrows and spends, spending elsewhere in the economy falls by almost the same amount.
1599:
1335:
481:
Finally, Barro has been an outspoken opponent of stimulus spending, calling Obama's stimulus bill "garbage" and "the worst bill since the 1930s."
1538:
1649:
1639:
1442:
1425:
420:
in 1998, and served on its
Executive Committee from 1987 to 1990. He has been a research associate at the NBER since 1978. He was elected a
1644:
1619:
421:
1584:
1579:
1574:
448:
Subsequently, Barro began investigating the influence of religion and popular culture on political economy by working with his wife,
1212:
385:
377:
1273:
1031:
478:
project ranked him as the fifth most influential economist in the world, as of March 2016, based on his academic contributions.
1569:
1609:
1328:
1014:
892:
574:
529:
493:. Together they have made critical contributions to the field of religion and economics. McCleary holds a doctorate from the
429:
1614:
589:
278:, but he realized he "wouldn't be close to the top in those fields." He then turned to economics and earned a Ph.D. from
1091:
1634:
353:
271:
67:
1286:
1277:
303:'s results, which had implied that the long term implications of government borrowing would be compensated for by the
1594:
1589:
556:
1321:
1306:
471:
17:
813:
741:
692:
441:
333:
in one market can have spillover effects to another market, creating a distinction between notional demand and
254:
417:
1452:
1261:
1186:
1160:
960:
Barro, Robert J.; Grossman, Herschel I. (1971). "A General
Disequilibrium Model of Income and Employment".
811:
Barro, Robert J.; Redlick, Charles J. (2011). "Macroeconomic effects from government purchases and taxes".
597:
475:
233:
205:
132:
330:
1500:
782:
827:
755:
706:
1367:
324:
1244:
1508:
1145:
369:
292:
168:
1066:
948:
1564:
1392:
1357:
1344:
1267:
922:
822:
750:
701:
463:
1282:
1039:
655:
Barro, Robert J. (June 20, 1986). "The left and democracy: Recent debates in Latin
America".
494:
360:
345:
312:
194:
186:
1296:
1559:
540:
456:
406:
160:
885:
Productivity growth, inflation, and unemployment: The collected essays of Robert J. Gordon
8:
425:
402:
245:
908:
865:
1528:
840:
799:
768:
719:
674:
622:
614:
279:
249:
229:
120:
76:
1485:
1465:
1161:""The Stimulus Evidence One Year On" Economist Robert Barro, Harvard University, WSJ"
1010:
888:
727:
678:
647:
626:
570:
552:
525:
319:
241:
844:
1475:
1470:
1410:
1377:
1002:
923:"Topping the Charts: Prakash Loungani profiles Harvard macroeconomist Robert Barro"
832:
803:
791:
760:
711:
666:
643:
606:
518:
334:
288:
237:
1533:
1415:
1405:
1187:""Stimulus Spending Doesn't Work" Economist Robert Barro, Harvard University, WSJ"
634:
Barro, Robert J. (1976). "Rational expectations and the role of monetary policy".
1523:
1513:
1480:
1372:
657:
490:
467:
449:
349:
275:
225:
190:
91:
780:
Barro, Robert J. (March 2000). "Inequality and growth in a panel of countries".
739:
Barro, Robert J. (May 1991). "Economic growth in a cross section of countries".
401:
textbook remains a standard for explaining the subject, and his 1995 book, with
1430:
1400:
308:
221:
176:
110:
1362:
1006:
1001:. Contributions to Economics. Heidelberg/New York/Dordrecht/London: Springer.
795:
337:. Barro and Grossman expanded on their work and produced the classic textbook
1553:
1382:
1257:
1132:"Doctorado HonorĂfico a Robert J. Barro durante el Acto de GraduaciĂłn (2007)"
381:
304:
164:
156:
144:
497:
and teaches at
Harvard. Barro has four children: Jennifer, Lisa, Jason, and
445:, which is influential in thinking about "infinite time horizon" modelling.
1490:
1292:
1053:
731:
390:
373:
300:
296:
172:
1313:
1239:
836:
687:
439:, "A Reformulation of the Economic Theory of Fertility" published in the
436:
365:
1253:
201:
772:
723:
670:
618:
498:
548:
764:
715:
1301:
1248:
610:
435:
Another often-cited work is a 1988 paper that he coauthored with
267:
999:
The Theory of New
Classical Macroeconomics. A Positive Critique
690:(1988). "A reformulation of the economic theory of fertility".
949:
https://scholar.harvard.edu/files/barro/files/vita_073022.pdf
284:
71:
1630:
Distinguished fellows of the
American Economic Association
887:. New York: Cambridge University Press. pp. 226–227.
80:
1056:" at Francisco Marroquin University. Guatemala, May 2007
1116:
Cassidy, John (October 10, 2011). "The Demand Doctor".
569:
Cheriton House, North Way, UK: Cengage
Learning EMEA.
565:
Barro, Robert J.; Chu, Angus C.; Cozzi, Guido. (2017)
1625:
Fellows of the
American Academy of Arts and Sciences
1605:
Harvard Graduate School of Arts and Sciences alumni
538:
517:
344:In 1976, he authored another influential paper, "
1551:
1032:"Reagan vs. Clinton: Who's the Economic Champ?"
1329:
959:
882:
232:. Barro is considered one of the founders of
810:
1343:
685:
1336:
1322:
1600:California Institute of Technology alumni
826:
754:
705:
220:(born September 28, 1944) is an American
1210:
504:
1115:
1072:. American Academy of Arts and Sciences
1067:"Book of Members, 1780–2010: Chapter B"
996:
307:. The paper is among the most cited in
295:. The paper was in direct response to
291:, would have no effect on the public's
14:
1552:
1159:Barro, Robert J. (February 23, 2010).
416:Barro served as Vice President of the
1317:
1211:Robinson, Peter (February 19, 2009).
1184:
1158:
1029:
909:"Institute for New Economic Thinking"
779:
738:
654:
633:
587:
515:
466:and public policy. Barro received an
430:American Academy of Arts and Sciences
244:. He is currently a senior fellow at
1650:Journal of Political Economy editors
1640:National Bureau of Economic Research
1213:"Paul Samuelson Vs. Milton Friedman"
1185:Barro, Robert J. (October 1, 2009).
1059:
944:
942:
940:
476:Research Papers in Economics (RePEc)
1291:
1030:Barro, Robert (February 22, 1999).
858:
329:The article explored the idea that
274:in 1965, where he was a student of
24:
1645:Member of the Mont Pelerin Society
1620:Fellows of the Econometric Society
590:"Are government bonds net wealth?"
588:Barro, Robert J. (November 1974).
354:policy-ineffectiveness proposition
272:California Institute of Technology
261:
68:California Institute of Technology
25:
1661:
1240:Barro's Harvard Professor Webpage
1233:
937:
252:and co-editor of the influential
27:American classical macroeconomist
1585:21st-century American economists
1580:20th-century American economists
1575:Economists from New York (state)
1307:Library of Economics and Liberty
484:
428:in 1980, and was elected to the
339:Money, Employment, and Inflation
187:Ricardian equivalence hypothesis
1287:Universidad Francisco MarroquĂn
1278:Universidad Francisco MarroquĂn
1204:
1178:
1152:
1138:
1124:
1109:
1084:
1046:
1023:
547:(2nd ed.). Massachusetts:
472:Universidad Francisco Marroquin
266:Barro graduated with a B.S. in
1054:Interview with Robert J. Barro
990:
981:
972:
953:
915:
901:
876:
814:Quarterly Journal of Economics
742:Quarterly Journal of Economics
693:Quarterly Journal of Economics
442:Quarterly Journal of Economics
287:, financed by the issuance of
255:Quarterly Journal of Economics
13:
1:
1570:Scientists from New York City
1270:Article on Barro from the IMF
1146:"Economist Rankings at IDEAS"
852:
636:Journal of Monetary Economics
418:American Economic Association
368:developed the concept of the
1610:University of Chicago alumni
1453:New classical macroeconomics
1262:Research Papers in Economics
925:. Imf.org. September 1, 2007
648:10.1016/0304-3932(76)90002-7
598:Journal of Political Economy
567:Intermediate Macroeconomics.
234:new classical macroeconomics
133:New classical macroeconomics
7:
883:Solow, Robert, ed. (2004).
581:
489:Robert Barro is married to
10:
1666:
1615:Harvard University faculty
1501:Real business cycle school
1247:Barro discusses growth on
1096:www.econometricsociety.org
783:Journal of Economic Growth
386:1980 presidential campaign
378:1976 presidential campaign
311:. Its implications of his
293:spending on consumer goods
228:Professor of Economics at
1635:Economics journal editors
1499:
1451:
1391:
1353:
1274:Honorary Doctoral Degrees
1007:10.1007/978-3-319-17578-2
516:Barro, Robert J. (1984).
315:are still being debated.
211:
200:
182:
150:
138:
126:
116:
106:
101:
97:
87:
63:
41:
34:
1595:New classical economists
1590:American macroeconomists
1368:Francis Ysidro Edgeworth
962:American Economic Review
509:
455:Barro believes that the
359:In 1983, he applied the
325:American Economic Review
318:Barro collaborated with
1346:Neoclassical economists
1297:"Robert Barro Podcasts"
1245:Podcast featuring Barro
1191:The Wall Street Journal
1165:The Wall Street Journal
997:Galbács, Peter (2015).
796:10.1023/A:1009850119329
501:, who is a journalist.
206:IDEAS / RePEc
169:George-Marios Angeletos
1358:William Stanley Jevons
464:neoclassical synthesis
376:publicized during his
1421:Jean-Michel Grandmont
541:Sala-i-Martin, Xavier
505:Selected bibliography
495:University of Chicago
361:information asymmetry
346:Rational expectations
313:Ricardian equivalence
457:Keynesian multiplier
407:Xavier Sala-i-Martin
384:did the same in his
283:lowering of current
161:Xavier Sala-i-Martin
1438:Jean-Pascal BĂ©nassy
1393:Walrasian economics
524:. New York: Wiley.
426:Econometric Society
403:Columbia University
246:Stanford University
218:Robert Joseph Barro
58:New York City, U.S.
1529:Edward C. Prescott
1268:Topping the Charts
837:10.1093/qje/qjq002
686:Barro, Robert J.;
671:10.3817/0686068049
539:Barro, Robert J.;
468:honorary doctorate
280:Harvard University
250:Hoover Institution
230:Harvard University
121:Harvard University
77:Harvard University
52:September 28, 1944
1547:
1546:
1486:Thomas J. Sargent
1466:Axel Leijonhufvud
1283:Audiovisual Media
1092:"Current Fellows"
1016:978-3-319-17578-2
894:978-0-521-53142-9
870:ineteconomics.org
575:978-1-4737-2509-6
531:978-0-471-87407-2
320:Herschel Grossman
242:Thomas J. Sargent
215:
214:
16:(Redirected from
1657:
1476:Bennett McCallum
1471:Robert Lucas Jr.
1434:
1411:Edmond Malinvaud
1378:John Bates Clark
1338:
1331:
1324:
1315:
1314:
1310:
1228:
1227:
1225:
1223:
1208:
1202:
1201:
1199:
1197:
1182:
1176:
1175:
1173:
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1156:
1150:
1149:
1142:
1136:
1135:
1128:
1122:
1121:
1113:
1107:
1106:
1104:
1102:
1088:
1082:
1081:
1079:
1077:
1071:
1063:
1057:
1050:
1044:
1043:
1042:on July 2, 2012.
1038:. Archived from
1027:
1021:
1020:
994:
988:
985:
979:
978:Spolaore (2008).
976:
970:
969:
957:
951:
946:
935:
934:
932:
930:
919:
913:
912:
905:
899:
898:
880:
874:
873:
862:
848:
830:
807:
776:
758:
735:
709:
682:
651:
630:
605:(6): 1095–1117.
594:
562:
535:
523:
348:and the role of
335:effective demand
289:government bonds
238:Robert Lucas Jr.
195:Time consistency
55:
51:
49:
32:
31:
21:
1665:
1664:
1660:
1659:
1658:
1656:
1655:
1654:
1550:
1549:
1548:
1543:
1524:Charles Plosser
1514:Finn E. Kydland
1495:
1481:Patrick Minford
1447:
1428:
1387:
1373:Alfred Marshall
1349:
1342:
1236:
1231:
1221:
1219:
1209:
1205:
1195:
1193:
1183:
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1125:
1114:
1110:
1100:
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1069:
1065:
1064:
1060:
1051:
1047:
1028:
1024:
1017:
995:
991:
986:
982:
977:
973:
958:
954:
947:
938:
928:
926:
921:
920:
916:
907:
906:
902:
895:
881:
877:
864:
863:
859:
855:
828:10.1.1.207.1087
765:10.2307/2937943
756:10.1.1.312.3126
716:10.2307/1882640
707:10.1.1.334.5711
688:Becker, Gary S.
592:
584:
559:
545:Economic growth
532:
512:
507:
491:Rachel McCleary
487:
450:Rachel McCleary
411:Economic Growth
350:monetary policy
276:Richard Feynman
264:
262:Academic career
226:Paul M. Warburg
193:
191:Economic growth
189:
175:
171:
167:
163:
159:
152:
140:
128:
102:Academic career
92:Rachel McCleary
75:
59:
56:
53:
47:
45:
37:
28:
23:
22:
18:Robert J. Barro
15:
12:
11:
5:
1663:
1653:
1652:
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1642:
1637:
1632:
1627:
1622:
1617:
1612:
1607:
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1582:
1577:
1572:
1567:
1562:
1545:
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1536:
1531:
1526:
1521:
1516:
1511:
1505:
1503:
1497:
1496:
1494:
1493:
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1483:
1478:
1473:
1468:
1463:
1457:
1455:
1449:
1448:
1446:
1445:
1440:
1435:
1423:
1418:
1413:
1408:
1403:
1401:Maurice Allais
1397:
1395:
1389:
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1370:
1365:
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1318:
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1311:
1289:
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1271:
1265:
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1242:
1235:
1234:External links
1232:
1230:
1229:
1203:
1177:
1151:
1137:
1123:
1118:The New Yorker
1108:
1083:
1058:
1045:
1022:
1015:
989:
980:
971:
952:
936:
914:
900:
893:
875:
866:"Robert Barro"
856:
854:
851:
850:
849:
808:
777:
749:(2): 407–443.
736:
683:
652:
631:
611:10.1086/260266
583:
580:
579:
578:
563:
557:
536:
530:
520:Macroeconomics
511:
508:
506:
503:
486:
483:
399:Macroeconomics
331:disequilibrium
309:macroeconomics
263:
260:
222:macroeconomist
213:
212:
209:
208:
198:
197:
184:
180:
179:
177:Michael Kremer
154:
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142:
136:
135:
130:
127:School or
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111:Macroeconomics
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1576:
1573:
1571:
1568:
1566:
1565:Living people
1563:
1561:
1558:
1557:
1555:
1540:
1539:Alan Stockman
1537:
1535:
1534:SĂ©rgio Rebelo
1532:
1530:
1527:
1525:
1522:
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1517:
1515:
1512:
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1419:
1417:
1416:Jacques Drèze
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1407:
1406:GĂ©rard Debreu
1404:
1402:
1399:
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1293:Roberts, Russ
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1214:
1207:
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1188:
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1166:
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1155:
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1133:
1127:
1119:
1112:
1097:
1093:
1087:
1068:
1062:
1055:
1049:
1041:
1037:
1033:
1026:
1018:
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1008:
1004:
1000:
993:
984:
975:
967:
963:
956:
950:
945:
943:
941:
924:
918:
910:
904:
896:
890:
886:
879:
871:
867:
861:
857:
846:
842:
838:
834:
829:
824:
821:(1): 51–102.
820:
816:
815:
809:
805:
801:
797:
793:
789:
785:
784:
778:
774:
770:
766:
762:
757:
752:
748:
744:
743:
737:
733:
729:
725:
721:
717:
713:
708:
703:
699:
695:
694:
689:
684:
680:
676:
672:
668:
665:(68): 49–70.
664:
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645:
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628:
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558:9780262025539
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