Macroeconomics is the study of the aggregate economic behavior of individuals. Macroeconomic theories consider the phenomena of output and income, interest rates, exchange rates, unemployment, and inflation as well as how monetary and fiscal policy tools can achieve certain policy objectives.

Selected faculty research:

Oded Galor
“The Out of Africa Hypothesis, Human Genetic Diversity and Comparative Economic Development” (with Quamrul Ashraf)  American Economic Review, 102, 1-46 (February 2013).

“Dynamics and Stagnation in the Malthusian Epoch: Theory and Evidence” (with Quamrul Ashraf) American Economic Review, 101, 2003-2041 (August 2011).

“Natural Selection and the Origin of Economic Growth” (with Omer Moav) Quarterly Journal of Economics, 117, 1133-1192, (November 2002).

"Population, Technology, and Growth: From the Malthusian Regime to the Demographic Transition and Beyond,"  (with David Weil). American Economic Review, 90, 806-828, (September 2000).

"The Gender Gap, Fertility, and Growth,” (with David Weil) American Economic Review, 86, 374-387, (June 1996).

"Income Distribution and Macroeconomics" (with Joseph Zeira), Review of Economics Studies, 60, 35-52, (January, 1993).

Peter Howitt
How Inflation Affects Macroeconomic Performance: An Agent-Based Computational Investigation” with Quamrul Ashraf and Boris Gershman. Macroeconomic Dynamics, forthcoming.

“Adaptive Consumption Behavior,” with Ӧmer Ӧzak. Journal of Economic Dynamics and Control, forthcoming.

David Weil
“Health and Economic Growth,” in Philippe Aghion and Steven Durlauf, eds., Handbook of Economic Growth, Volume 2, North Holland, forthcoming.

"Malaria and Early African Development: Evidence from the Sickle Cell Trait," with Emilio Depetris Chauvin.  NBER Working Paper 19603, October 2013.