Alan Stuart Blinder


                                                                                                                               February 2001



Department of Economics

Princeton University               

Princeton, NJ  08544-1021

Phone:  609-258-3358

FAX:    609-258-5398



Personal Data


Born:  October 14, 1945, Brooklyn, New York.

Marital Status:  married; two sons, ages 28 and 24


Educational Background


Ph.D., Massachusetts Institute of Technology, l97l

M.Sc. (Econ.), London School of Economics, 1968

A.B., Princeton University, summa cum laude in economics, 1967.


Government Service


Vice Chairman, Board of Governors of the Federal Reserve System,  1994-1996.

Member, President's Council of Economic Advisers, 1993-1994.

Deputy Assistant Director, Congressional Budget Office, 1975.




Adam Smith Award, National Association for Business Economics, 1999.

Member, American Philosophical Society, 1996-.

Fellow, American Academy of Arts and Sciences, 1991-.

Member, Council on Foreign Relations, 1997- .

Honorary Fellow, Foreign Policy Association, 2000-.

Fellow, Econometric Society, 1981‑ .



Professional Activities


Partner, Promontory Financial Group, 2000-.

Vice Chairman, The G7 Group, 1997- .

Member, Board of Governors, American Stock Exchange, 1998- .

Chairman, Steering Committee, SSRC Program in Applied Economics, 1997- .

Trustee, Russell Sage Foundation, 1996- .

Member of the Board, Center for Working Capital, AFL-CIO, 1999- .

Member, Board of Advisors, Saber Partners, 2000.-

Member, Board of Advisors, Center for International Political Economy, 1998- .

Member, Advisory Committee on Cyclical Indicators, Conference Board, 1996-.

Member, Advisory Board, Economic Studies Program, Brookings Institution, 1996-.

Member, Board of Advisors, Jerome Levy Economics Institute, 1992-93, 1996-.

Member, Advisory Board, Center for Research on Child Wellbeing, 1997- .

Member, Brookings Panel on Economic Activity, 1981 and 1985;

     Senior Adviser, 1982‑1993, 1996-.

Research Associate, National Bureau of Economic Research, 1978‑1993, 1996-.

Member, Conference on Research in Income and Wealth (NBER), 1988‑1993, 1996-.


Member, Council of Foreign Relations’ Economic Task Force on Japan, 1999-2000.

Member, Research Advisory Board, Committee for Economic Development, 1992-1993, 1996-99.

Vice‑President, American Economic Association, 1989.

     Executive Committee, 1985‑87.

     Commission on Graduate Education, 1988‑1990.

     Committee on Honors and Awards, 1988‑1993.

Vice President, Eastern Economic Association, 1992-93.

Member, Academic Advisory Panel, Federal Reserve Bank of New York, 1990-1993.

Member, Selection Committee, Frank E. Seidman Distinguished Award in Political Economy, 1991-1992.

Member, Board of Directors, Social Science Research Council, 1987‑1990.

     Executive Committee, 1988‑90.

Member, Advisory Committee on Economics, Alfred P. Sloan Foundation, 1984‑1993.

Member, NSF Economics Panel, 1985‑1986.

Chairman, Economic Policy Committee, National Policy Exchange, 1981‑1985.

Member, National Academy of Social Insurance, 1988‑1994.

Member of Advisory Board, Penman Asset Management, 1992-1993.


Editorial and Journalistic Activities


Founding Advisor, Cogito Learning Media, 1997-.

Economics columnist, Business Week, 1985‑1992.

Economics columnist, The Boston Globe, 1981‑1985.

Occasional columnist, Washington Post, 1982‑1990.

Occasional columnist, Newsday, 1987‑1992.

Editorial advisor, Bristlecone Books, 1990-1992.

Member, Board of Editors, Journal of Economic Literature, 1981‑1984, 1988‑1993.

Member, International Advisory Board, World Economics, 2000-.

Member, Editorial Board, Journal of Monetary Economics, 1981‑1993.

Associate Editor, Journal of Public Economics, 1982‑1993.

Member, Editorial Board, Challenge, 1984‑1993.

Member, Board of Editors, The American Prospect, 1989-1993.



Special Lectureships


Sturc Lecturer, Johns Hopkins School of Advanced International Studies, 2000.

Adam Smith Lecturer, National Association for Business Economics, September 1999.

Dunlap Lecturer, University of Dubuque, March 1997.

Robbins Lecturer, London School of Economics, October 1996.

Marshall Lecturer, Cambridge University, May 1995.

Frederick H. Schultz Lecturer, University of North Florida, November 1994.

Bogen Lecturer, Hebrew University of Jerusalem, December 1992.

Joseph L. Lucia Lecturer, Villanova University, October 1992.

Kane Lecturer, Bentley College, November 1991.

Distinguished Speaker, Eastern Economic Association, March 1990.

H. Chase Stone Lecturer, Colorado College, January 1990.

Tennenbaum Lecturer, Georgia Institute of Technology, Nov. 1989.

Henry George Lecturer, University of Scranton, October 1988.

Richard T. Ely Lecturer, American Economic Association, Dec. 1987.

David Kinley Lecturer, University of Illinois, October 1986.

Kathleen Bryan Lecturer, University of North Carolina, Greensboro, March 1986.

W. S. Woytinsky Lecturer, University of Michigan, December 1981.



Teaching Experience


Gordon S. Rentschler Memorial Professor of Economics, Princeton University, 1982‑ .

Director, Center for Economic Policy Studies, Princeton University, 1989-1993, 1996-.

Chairman, Department of Economics, Princeton University, 1988‑1990.

Professor of Economics, Princeton University, 1979‑1982.

Associate Professor of Economics, Princeton University, 1976‑1979.

Bicentennial Preceptor, Princeton University, 1975‑1978.

Assistant Professor of Economics, Princeton University, 1971-1976.

Instructor in Economics, Boston State College, Boston, MA, 1969.

Instructor in Finance, Rider College, Trenton, NJ, 1968‑1969.



Visiting Appointments


Visiting Fellow, The Brookings Institution, 1999-2000.

Visiting Scholar, Russell Sage Foundation, 1991-1992.

Visiting Scholar, Economic Planning Agency, Tokyo, Summer 1991.

Visiting Fellow, The Brookings Institution, 1985‑1986.

Bryan Visiting Professor, University of North Carolina at Greensboro, March 1986.

Visiting Professor, Institute for International Economic Studies, Stockholm, Summer 1983.

Visiting Professor, Institute for Advanced Studies, Vienna, Summer 1982.

Fellow, Institute for Advanced Studies, Hebrew University of  Jerusalem, 1976‑1977.

Visiting Assistant Professor, Stanford University, 1974.







Asking About Prices: A New Approach to Understanding Price Stickiness, Russell Sage Foundation, 1998 (with E. Canetti, D. Lebow, and J. Rudd).


Central Banking in Theory and Practice, MIT Press, 1998. (Spanish translation published by Antoni Bosch, Barcelona, 1999; Portuguese translation published by Editora (Brazil), 1999; Japanese translation published by Toyo Kezei, 1999; Polish translation, 2001.)


Growing Together: An Alternative Economic Strategy for the 1990s, Whittle, 1991.


Paying for Productivity, Brookings, 1990 (edited volume).


Macroeconomics Under Debate, Harvester‑Wheatsheaf, 1989.


Inventory Theory and Consumer Behavior, Harvester‑Wheatsheaf, 1989.


Hard Heads, Soft Hearts:  Tough‑Minded Economics for a Just Society, Addison‑Wesley, 1987; paperback edition: 1988; Japanese translation: 1988.


Economics:  Principles and Policy, Harcourt Brace (Dryden Press), First edition 1979; Second edition 1982; Third edition 1985; Fourth edition 1988; Fifth edition 1991; Sixth edition 1994; Seventh edition 1997; Eighth edition, 2000 (with William J. Baumol); also Canadian, Australian, and Japanese editions.


Economic Opinion, Harcourt Brace Jovanovich, First edition 1989; Second edition 1991.


Private Pensions and Public Pensions: Theory and Fact, The University of Michigan, 1983.


Economic Policy and the Great Stagflation, Academic Press, 1979, 229 pp. (paperback edition: 1981; Japanese edition: 1982).



Natural Resources, Uncertainty and General Equilibrium Systems:  Essays in Memory of Rafael Lusky, Academic Press, 1977 (co‑edited with Philip Friedman).


Toward an Economic Theory of Income Distribution, The MIT Press, 1974, 176 pp. (paperback edition: 1977). Chapter 5 reprinted in W. Darity, Jr., Economics and Discrimination, Vol. II, Edgar Elgar Publishing, 1995.









          "Are Two Heads Better than One?: An Experimental Analysis of Group vs. Individual Decisionmaking," processed, June 2000 (with John Morgan).


         “Life Imitates Art: How the Economy Came to Resemble the Model,” Business Economics, January 2000, pp. 16-25.


          "The Internet and the New Economy," The Internet Policy Institute Briefing, January 2000 (also Brookings Policy Brief No. 60, June 2000.)


            “Central Bank Credibility: Why Do We Care? How Do We Build It?”, American Economic Review, December 2000, forthcoming.


            “Monetary Policy at the Zero Lower Bound: Balancing the Risks,” Journal of Money, Credit, and Banking, November 2000 (Part 2), pp. 1092-1099.


          "Critical Issues for Modern Central Bankers," in European Central Bank, Monetary Policymaking under Uncertainty, 2000, pp. 64-74.





            “Economics Becomes a Science—Or Does It?,” in A. Bearn (ed.), Useful Knowledge: The American Philosophical Society Millennium Program (Philadelphia: American Philosophical Society), 1999.


            “Eight Steps to a New Financial Order,” Foreign Affairs, September/October 1999, pp. 50-63.




            "Stop Me Before I Inflate Again: The Rules-versus-Discretion Debate Revisited," Federal Reserve Bank of Chicago, Payments Systems in the Global Economy: Risks and Opportunities, May 1998, pp. 502-508.





            "The Computer and the Economy," The Atlantic Monthly, December 1997, pp. 26-32.


            "Fact and Fancy in the Growth Debate," The American Prospect, September-October 1997, pp. 57-62 (followed-up in "Controversy: Growth" in the November-December issue, pp. 70-73.)


            "Is Government Too Political?" Foreign Affairs, vol. 76, no. 6 (Nov/Dec 1997), pp. 115-126.


            "What Central Bankers Could Learn from Academics--and Vice Versa," Journal of Economic Perspectives, Vol. 11, No. 2, Spring 1997, pp. 3-19.


            "Is There A Core of Practical Macroeconomics That We Should All Believe?", American Economic Review, May 1997, pp. 240-243. (Reprinted as "A Core of Macroeconomic Beliefs?" in Challenge, July/August 1997, pp. 36-44; in D. Cole (ed.), Macroeconomics 1998/1999, Dushkin, McGraw-Hill, pp. 23-25; and in Polish translation in Gospodarka Narodowa, May-June 1998, pp. 120-124.)





            "Central Banking in a Democracy," Federal Reserve Bank of Richmond Economic Quarterly, vol. 82, no. 4 (Fall 1996), pp. 1-14.

(Reprinted in D. Cole (ed.), Macroeconomics 1998/1999, Dushkin, McGraw-Hill, pp. 119-126, and in Italian as "Il Ruolo della Banca Centrale in ma Democracia," Rivista di Politica Eocnomica, Feb. 1998, pp. 143-161.)


            "Labor Turnover in the USA and Japan:  A Tale of Two Countries," Pacific Economic Review 1:1, 1996, pp. 27-57 (with Alan B. Krueger).


            "The Role of the Dollar as an International Currency," Eastern Economic Journal, Spring 1996, pp. 127-136. Also published in W. Gruber, D. Gould, and C. Zarazaga (eds.), Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy, Kluwer, 1997.





            "Should the Formerly Socialist Economies Look East or West for a Model?", International Economic Association, Economics in a Changing World, Volume 5, Economic Growth and Capital and Labour Markets, edited by Jean-Paul Fitoussi, St. Martin's Press, 1995, pp. 3-24.




     "On Sticky Prices: Academic Theories Meet the Real World," in Monetary Policy, University of Chicago Press, 1994, edited by N. Gregory Mankiw, pp. 117-150.





            "A Simple Note on the Japanese Firm," in Journal of the Japanese and International Economy, 7(3), September 1993,

pp. 238-55.


            "Free Trade," in D. Henderson (ed.), Fortune Encyclopedia of Economics, pp. 526-529, 1993.


            "Keynesian Economics," in D. Henderson (ed.), Fortune Encyclopedia of Economics, 1993, pp. 118-123.





            "More Like Them?", American Prospect, Winter 1992, pp. 51-62.


            "International Perspective:  Trading with Japan:  Why the U.S. Loses--Even on a Level Playing Field," Business Economics, Vol. 27, No. 1, January 1992.


    "The Federal Funds Rate and the Channels of Monetary Transmission" (with Ben Bernanke), American Economic Review, Vol. 82, No. 4, September 1992, pp. 901-921.


            "Consumer Durables:  Evidence on the Optimality of Usually Doing Nothing," Journal of Money, Credit, and Banking, Vol. 24, No. 2 (May 1992), pp. 258-272 (with Avner Bar-Ilan).




            "The Resurgence of Inventory Research:  What Have We Learned?", Journal of Economic Surveys, Vol. 5, No. 4 (1991), pp. 291-328 (with Louis J. Maccini). Reprinted in A. Chikan, A. Milne, and L. G. Sprague (eds.), Reflections on Firm and National Inventories, International Society for Inventory Research, Budapest, 1996.


            "Report of the Commission on Graduate Education in Economics," Journal of Economic Literature, Vol. 29 (September 1991), pp. 1035-1053 (with other members of the Commission).


            "Profit Maximization and International Competition," Forthcoming in Richard O'Brien (ed.), Finance and the International Economy: 5--The AMEX Bank Review Prize Essays, Oxford University Press, 1991.


            "Is the National Debt Really--I Mean, Really--A Burden?" in Debt and the Twin Deficits Debate, edited by James Rock, Mayfield Publishing Company, 1991.


            "Why Are Prices Sticky?  Preliminary Results from an Interview Study," American Economic Review, May 1991, pp. 89-96. Reprinted in E. Sheshinski and Y. Weiss, Optimal Pricing, Inflation, and the Cost of Price Adjustment (MIT Press, 1993).


            "The Supply of and Demand for Macroeconomic Advice" (printed in Finnish as "Talouspoliittinen neuvonanto - kysyntä ja tarjonta"), Finnish Economic Journal, Vol. 87, January 1991, pp. 80-90.


            "Taking Stock:  A Critical Assessment of Recent Research on Inventories," Journal of Economic Perspectives, Winter 1991, pp. 73-96 (with Louis J. Maccini).





     "A Shred of Evidence on Theories of Wage Stickiness," Quarterly Journal of Economics, Vol. 55, Issue 4, November 1990 (with Don H. Choi), pp. 1003-1015.


            "Learning By Asking Those Who Are Doing," Eastern Economic Journal, Vol. 16, No. 4, October/December 1990, pp. 297-306.


            "Economic Policy and Economic Science:  The Case of Macroeconomics," in Perspective 2000, edited by K. Newton, T. Schweitzer, and J.-P Voyer, Economic Council of Canada, 1990.


     "A Report on the Evidence:  Pay, Participation, and Productivity," The Brookings Review, Winter 1989/90.





     "In Honor of Robert M. Solow: Nobel Laureate in 1987," Journal of Economic Perspectives, Vol. 3, No. 3, Summer 1989.


     "The Monetary‑Fiscal Transition in the United States," Institute of Fiscal and Monetary Policy, Financial Review (Tokyo), May 1989 (published in Japanese translation).


     "The Stylized Facts About Credit Aggregates," in Macroeconomics Under Debate, Harvester‑Wheatsheaf, 1989.


     "The Comparative Statics of a Credit‑Rationing Bank," in Macroeconomics Under Debate, Harvester‑Wheatsheaf, 1989.





     "The Fall and Rise of Keynesian Economics," The Economic Record, December 1988. Reprinted in P. Maxwell (ed.), Macroeconomics: Contemporary Australian Readings, Harper & Row, 1991.


     "The Challenge of High Unemployment," American Economic Review, Vol. 78, No. 2, May 1988.


     "Credit, Money, and Aggregate Demand," American Economic Review Papers and Proceedings, Vol. 78, No. 2, May 1988 (with Ben S. Bernanke). Reprinted in N. G. Mankiw and D. Romer (eds.), New Keynesian Economics (MIT Press, 1991), and in D. Laidler (ed.), The Foundations of Monetary Economics (Edward Elgar, 1999).


     "The Life‑Cycle Permanent‑Income Model and Consumer Durables," Annales d'Economie et de Statistique, Jan.‑Mar. 1988 (with Avner Bar‑Ilan).


     "Why Is the Government in the Pension Business?", in Susan Wachter (ed.), Social Security and Private Pensions: Providing for Retirement in the Twenty‑First Century, D.C. Heath, 1988.


     "The Rules‑versus‑Discretion Debate in the Light of Recent Experience," Weltwirtschaftliches Archiv, September 1987 (reprinted in H. Giersch (ed.), Macro and Micro Policies for More Growth and Employment, J. C. B. Mohr, 1988, pp. 45‑63).





     "Credit Rationing and Effective Supply Failures," Economic Journal, June 1987, pp. 327‑352.


     "Keynes, Lucas, and Scientific Progress," American Economic Review, May 1987, pp. 130‑136 (reprinted in John Maynard Keynes (1883-1946), Volume II, edited by Mark Blaug (Edgar Elger Publishing Co.), 1991, pp. 188-194).


     "Credit Rationing and Aggregate Supply in Economies with

Less‑Developed Financial Systems," Conference on Economic Development and Social Welfare in Taiwan, Volume I, Institute of Economics, Academia Sinica, Taipei, Taiwan, January 6‑7, 1987, pp. 41‑53.




     "Keynes After Lucas," Eastern Economic Journal, July‑September 1986, pp. 209‑216.


     "Can the Production Smoothing Model of Inventory Behavior be Saved?" Quarterly Journal of Economics, August 1986, pp. 431‑453.


     "More on the Speed of Adjustment in Inventory Models," Journal of Money, Credit and Banking, August 1986, pp. 355‑365.


     "A Skeptical Note on the New Econometrics," in M. H. Peston and R. E. Quandt (eds.), Prices, Competition and Equilibrium:  Essays in Honor of William J. Baumol (London: Philip and Alan), 1986.


     "Inventory Fluctuations in the United States Since 1929," in R. J. Gordon (ed.) The American Business Cycle:  Continuity and Change, National Bureau of Economic Research, 1986 (with Douglas Holtz‑Eakin).


     "Macroeconomics, Income Distribution, and Poverty," in S. Danziger (ed.), Fighting Poverty:  What Works and What Does Not, Harvard University Press, 1986 (with Rebecca M. Blank), pp. 180-208.




     "The Time Series Consumption Function Revisited," Brookings Papers on Economic Activity 2: 1985, pp. 465‑511 (with Angus S. Deaton).


     "The Policy Mix:  Lessons from the Recent Past," in The Economic Outlook for 1986, University of Michigan, 1985.  (Reprinted with changes in Economic Outlook USA, First Quarter 1986, pp. 3‑8.)


     "Notches," American Economic Review, September 1985 pp. 736‑747 (with Harvey S. Rosen).





     "A Keynesian Revival ...?" in A. Heertje (ed.), The U.S.A. in the World Economy (Freeman Cooper), 1984, pp. 106-113.


     "Public Opinion and the Balanced Budget," American Economic Review, May 1984, pp. 144‑149 (with Douglas Holtz‑Eakin).


     "Reaganomics and Growth:  The Message in the Models," in C. Hulten and B. Sawhill (eds.), The Legacy of Reaganomics, Urban Institute, 1984, pp. 199-227.


    "Aggregation and Stabilization Policy in a Multi‑Contract Economy," Journal of Monetary Economics, January 1984 (with N. Gregory Mankiw).





     "Money, Credit Constraints, and Economic Activity," American Economic Review, May 1983, pp. 297‑302 (with Joseph E. Stiglitz).


     "Issues in the Coordination of Monetary and Fiscal Policy," in Monetary Policy Issues in the 1980s, Federal Reserve Bank of Kansas City, 1983, pp. 3‑34.  (Partially reprinted in T. M. Havrilesky (ed.), Modern Concepts in Macroeconomics, Harlan Davidson, 1985.)


     "On the Monetization of Deficits," in L. H. Meyer (ed.), The Economic Consequences of Government Deficits, Center for the Study of American Business, 1983).  Also reprinted in Spanish, "Acerca de la monetizacion de los deficit," in Cuadernos Economicos de Ice, No. 28, 1984/3, pp. 39‑68.


     "Social Security, Bequests, and the Life‑Cycle Theory of Savings: Cross‑Sectional Tests," in R. Hemming and F. Modigliani (eds.), The Determinants of National Savings and Wealth, International Economic Association, 1983 (with Roger Gordon and Donald Wise).


            Conversations with Neo-Keynesian Economists:  The "Younger Generation," in A. Klamer, Conversations with Economists, Rowman & Allenheld, 1983, pp. 151-169.





     "Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics," American Economic Review, June 1982, pp. 334‑348. Reprinted in J. P. Benassy (ed.), Macroeconomics and Imperfect Competition, Edward Elgar Publishing Co., 1995, pp. 245-262.


     "The Anatomy of Double Digit Inflation in the 1970s," in Robert E. Hall (ed.), Inflation, University of Chicago Press for NBER, 1982, pp. 26l‑282.


     "On Making the Tradeoff between Equality and Efficiency Operational," in G. Feiwel (ed.), Samuelson and Neoclassical Economics, Kluwer‑Nijhoff, 1982, pp. 317‑328.





     "Retail Inventory Behavior and Business Fluctuations," Brookings Papers on Economic Activity, 2: 1981, pp. 443‑505.


     "Monetary Accommodation of Supply Shocks under Rational Expectations," Journal of Money, Credit, and Banking, November 1981, pp. 425‑438.


     "Inventories, Rational Expectations, and the Business Cycle," Journal of Monetary Economics, November 1981, pp. 277‑304 (with Stanley Fischer).


     "The 1971‑1974 Controls Program:  An Econometric Post‑Mortem," Journal of Monetary Economics, July 1981, pp. 1‑23 (with William Newton).


     "Inventories and the Structure of Macro Models," American Economic Review, May 1981, pp. 11‑16.


     "Supply‑Shock Inflation:  Money, Expectations, and Accommodation," in M. J. Flanders and A. Razin (eds.), Development in an Inflationary World, Academic Press, 1981, pp. 61‑101.


     "Temporary Income Taxes and Consumer Spending," Journal of Political Economy, February 1981, pp. 26‑53.





     "The Consumer Price Index and the Measurement of Recent Inflation," Brookings Papers on Economic Activity, 2: 1980, pp. 539‑565.


      "Market Wages, Reservation Wages, and Retirement Decisions," Journal of Public Economics, October 1980, pp. 277‑308 (with Roger Gordon).


     "Reconsidering the Work Disincentive Effects of Social Security," National Tax Journal, December 1980, pp. 431‑442 (with Roger Gordon and Donald Wise).


     "Inventories in the Keynesian Macro Model," Kyklos, Vol. 33, Fasc. 4, 1980, pp. 585‑614.


     "The Level and Distribution of Economic Well‑Being," in M. S. Feldstein (ed.), The American Economy in Transition, University of Chicago Press for NBER, 1980, pp. 415‑479.





     "Macroeconomic Activity and Income Distribution in the Postwar United States," Review of Economics and Statistics, November 1978, pp. 604‑609 (with Howard Y. Esaki).





     "Indexing the Economy Through Financial Intermediation," in K. Brunner and A. H. Meltzer (eds.), Stabilization of the Domestic and International Economy, Carnegie‑Rochester Conference Series (a supplement to the Journal of Monetary Economics), Vol. 5, 1977, pp. 69‑105.


     "A Difficulty with Keynesian Models of Aggregate Demand," in A. S. Blinder and P. Friedman (eds.), Natural Resources, Uncertainty and General Equilibrium Systems:  Essays in Honor of Rafael Lusky (1977).





     "New Measures of Monetary and Fiscal Policy, 1958‑1973," American Economic Review, December 1976, pp. 780‑796 (with Stephen M. Goldfeld).


     "Inequality and Mobility in the Distribution of Wealth," Kyklos, No. 4, 1976, pp. 607‑638.


     "Human Capital and Labor Supply:  A Synthesis," Journal of Political Economy, June 1976, pp. 449‑472 (with Yoram Weiss).


     "Intergenerational Transfers and Life Cycle Consumption," American Economic Review, May 1976, pp. 87‑93.


     "On Dogmatism in Human Capital Theory," Journal of Human Resources, Winter 1976, pp. 8‑22.





     "Distribution Effects and the Aggregate Consumption Function," Journal of Political Economy, June 1975, pp. 447‑475.





     "Analytical Foundations of Fiscal Policy," in A. S. Blinder, et. al., The Economics of Public Finance, The Brookings Institution, 1974, pp. 3‑115 (with Robert M. Solow).  Portions reprinted in R. L. Teigen (ed.), Readings in Money, National Income, and Stabilization Policy, 1978.


     "A Micro Simulation Model of the Size Distribution of Income," Journal of Economics and Business, Fall 1974, pp. 1‑9.


     "The Economics of Brushing Teeth," Journal of Political Economy, July‑August 1974, pp. 887‑891.  (Swedish translation reprinted in Ekonomisk Debatt, 1987.)





     "Does Fiscal Policy Matter?," Journal of Public Economics, November 1973, pp. 319‑337 (with Robert M. Solow), ("A Correction" appears in the same Journal in 1976, pp. 183‑184).  Reprinted in T. M. Havrilesky and J. T. Boorman (eds.), Current Issues in Monetary Theory and Policy (AMH Publishing: 1976). Reprinted in Anthony Atkinson (ed.), Modern Public Finance, 1991. Reprinted in T. Mayer and S. M. Sheffrin (eds.), Fiscal and Monetary Policy: Volume I, Edward Elgar Publishing Co., 1995, pp. 266-284.


     "A Model of Inherited Wealth," Quarterly Journal of Economics, November 1973, pp. 608‑626.


    "Wage Discrimination:  Reduced Form and Structural Estimates," Journal of Human Resources, Fall 1973, pp. 436‑455. Reprinted in W. Darity, Jr. (ed.), Economics and Discrimination, Volume II, Edward Elgar Publishing Co., 1995, pp. 295-301.


     "Can Income Tax Increases Be Inflationary?  An Expository  Note," National Tax Journal, June 1973, pp. 295‑301.





     "Some Implications of Endogenous Stabilization Policy," Brookings Papers on Economic Activity 3, 1972, pp. 585‑640 (with Stephen M. Goldfeld).



            Notes, Comments, Discussions, Etc.


         Comment and discussion of paper by Akerlof, Dickens, and Perry, Brookings Papers on Economic Activity, 1:2000, pp. 50-55.


          Discussion of paper by Frankel, Schmukler, and Servan, forthcoming in Brookings Trade Forum, 2000, pp. 51-56.


            Comment and discussion of paper by Corsetti and Pesenti, in Brookings Papers on Economic Activity, 2: 1999, pp. 359-365.


            “Let Exchange Rates Float,” in P. Kenen and A. Swoboda (eds.), Reforming the International  Monetary and Financial System, International Monetary Fund, 2000, pp. 47-51.


            Comment on paper by R. Barro, January 1999, forthcoming in conference volume from American Enterprise Institute.


            “Commentary: Monetary Policy and the Well-Being of the Poor,” in Federal Reserve Bank of Kansas City, Income Inequality: Issues and Policy Options, 1998, pp. 203-209.


            "Commentary" (on paper by S. Cecchetti), Federal Reserve Bank of St. Louis Review, May/June 1997.


            "Commentary:  Deja Vu All Over Again," in M. Belongia and M. Garfinkel (eds.), The Business Cycle:  Theories and Evidence, Kluwer, 1992, pp. 189-196.


            Panel Discussion of "U.S.-Japan Relations After the Gulf War," Center for Japan-U.S. Studies, Occasional Paper Series, Vol. 1, No. 2, 1991, pp. 27-32 and 67-71.


            "Research on Economic Education and the Teaching of Economics," Journal of Economic Education, Vol. 22, No. 3, summer 1991, pp. 251-254.


     "Introduction" in A. Blinder (ed.), Paying for Productivity, Brookings, 1990, pp. 1-13.


            Discussion of paper by George Peterson, in A. H. Munnell (ed.), Is There a Shortfall in Public Investment, Federal Reserve Bank of Boston Conference, Series No. 34, 1990, pp. 131-135.


            "Political Effects of the Social Security Surpluses," in Social Security's Looming Surpluses, edited by Carolyn Weaver, American Enterprise Institute for Public Policy Research, 1990.


            Discussion of "Educating and Training New Economics Ph.D.s:  How Good a Job Are We Doing?" by W. Lee Hansen.  AEA Papers and Proceedings, Vol. 80, No. 2, May 1990.


     Comments and Discussion of paper by Barry Bosworth, Brookings Papers on Economic Activity 1: 1989, pp. 111‑114.


     Comments and Discussion of paper by S. Fazzari, G. Hubbard, and B. Petersen, Brookings Papers on Economic Activity 1: 1988, pp. 196‑200.


     Comments on paper by Franco Modigliani, in Modelling the Accumulation and Distribution of Wealth, edited by Denis Kessler and Andre Masson, Clarendon Press, 1988, pp. 68‑76.


     Comments and Discussion of paper by L. H. Summers and C. Carroll, Brookings Papers on Economic Activity 2: 1987, pp. 636‑638.


     Comments on paper by C. Y. Cyrus Chu, in Conference on Economic Development and Social Welfare in Taiwan, Volume I, Institute of Economics, Academia Sinica, Taipei, Taiwan, January 6‑8, 1987, pp. 265‑267.


     Comments on paper by Joan C. C. Lo, in Conference on Economic

Development and Social Welfare in Taiwan, Volume I, Institute of Economics, Academia Sinica, Taipei, Taiwan, January 6‑8, 1987, pp. 403‑406.


     Comment on paper by M. Weitzman, in NBER Macroeconomic Annual, 1986, pp. 335‑343.


     Comment on paper by L. H. Summers in Federal Reserve Bank of Kansas City, Debt, Financial Stability, and Public Policy, 1986, pp. 193‑201.


     Comments on paper by V. Fuchs, Journal of Labor Economics, July 1986.


     "Ruminations on Karl Brunner's Reflections," R. W. Hafer (ed.), The Monetary versus Fiscal Policy Debate:  Lessons from Two Decades (Rowman & Littlefield), 1986.


     Discussion of paper by Bennett T. McCallum in Federal Reserve Bank of Kansas City, Price Stability and Public Policy, 1985, pp. 129‑135.


    Discussion of paper by D. Ellwood and L. Summers, in U.S. Bureau of the Census, Conference on the Measurement of Noncash Benefits, Williamsburg, December 1985, Volume I, pp. 28‑31.


     Discussion of paper by J. Slemrod in Federal Reserve Bank of Boston, Economic Consequences of Tax Simplification, Conference Series No. 29, October 1985, pp. 92‑98.


     Comments on paper by G. Kirchgassner, European Economic Review, June/July 1985, pp. 269‑272.


     Discussion of paper by Gerald Dwyer, Journal of Money, Credit, and Banking, 1985.


     Comments and Discussion of paper by Olivier Blanchard and Lawrence Summers, Brookings Papers on Economic Activity 2: 1984, pp. 325‑330.


     Comments and Discussion of paper by Thomas D. Simpson, Brookings Papers on Economic Activity 1: 1984, pp. 266‑272.


     Discussion of papers by Sargent and Perry, American Economic Review, May 1984, pp. 417‑419.


     Review of Core Inflation by Otto Eckstein, Journal of Political Economy, December 1982, pp. 1306‑1309.


     Discussion of paper by Gregory Jump in Saving and Government Policy, Federal Reserve Bank of Boston, Conference Series No. 25, October 1982.


     "Rhetoric and Reality in Social Security Analysis‑‑A Rejoinder," National Tax Journal, December 1981, pp. 473‑478 (with Roger Gordon and Donald Wise).


    "Thoughts on the Laffer Curve," in L. H. Meyer (ed.), The Supply‑Side Effects of Economic Policy, 1981, pp. 81‑92.


    Comment on paper by R. Barro and M. Rush, in Stanley Fischer (ed., Rational Expectations and Economic Policy, University of Chicago Press for NBER, 1980, pp. 49‑54.


     Discussion of paper by M. Feldstein, American Economic Review, May 1980, pp. 189‑190.


     "What's 'New' and What's 'Keynesian' in the 'New Cambridge'

Keynesianism?," in K. Brunner and A. H. Meltzer (eds.), Public Policies in Open Economics, Carnegie‑Rochester Conference Series, Vol. 9, 1979.


     "Does Fiscal Policy Matter?  A View from the Government Budget

Restraint," Public Finance, 1978 (with R. M. Solow).


     Comments on E. F. Denison's paper in Henry J. Aaron (ed.), Inflation and the Income Tax, Brookings, 1976, pp. 261‑264.


     "Does Fiscal Policy Still Matter?  A Reply," Journal of Monetary Economics, November 1976, pp. 50l‑510 (with Robert M. Solow).



            Pamphlets, Reports, etc.


     "Governor Bush's Individual Account Proposal: Implications for Retirement Benefits," Issue Brief No. 11, The Century Foundation, June 2000 (with H. Aaron, A. Munnell, and P. Orszag).


     "Maintaining Competitiveness with High Wages," Occasional Papers No. 26, International Center for Economic Growth, 1992.


     “The Keynesian Revolution:  Fifty Years After:  Policy Implications" in Lawrence Klein's The Keynesian Revolution: 50 Years After.  Conference Proceedings of the 12th Annual Economics Day, Department of Economics, University of Pennsylvania, April 10, 1992.


     "Fourth Presentation," in Social Security and the Budget, Proceedings of the First Conference of the National Academy of Social Insurance, edited by Henry J. Aaron, Washington, DC., 1989.


     "The Fiscal Transition," in The Conference Board, U.S. Economic Outlook 1987‑1988, May 1987.


     "The 1983 Economy:  Principles and Policies," Kansas Business Review, Jan.‑Feb. 1983, pp. 1‑6.


     "Dealing with the Shortage of Mathematics and Science Teachers:  An Economic Analysis," report to the Advisory Council on Math/Science Teacher Supply and Demand, State of New Jersey, July 1983 (with Madeline Blinder).


     "The Truce in the War on Poverty:  Where Do We Go From Here?"

National Policy Papers, No. 3, May 1982.


     "An Empirical Study of the Effects of Pensions on the Saving and Labor Supply Decisions of Older Men," (with Roger H. Gordon and Donald E. Wise), for the U.S. Department of Labor, May 1980.


    Inflation and Unemployment:  A Report on the Economy, Congressional Budget Office, June 30, 1975, 80 pp. (with Frank de Leeuw and Nancy Barrett).


    Recovery:  How Fast and How Far?, Congressional Budget Office,

September 15, 1975, 65 pp. (with Frank de Leeuw, Cornelia Motheral and Nancy Barrett).


    "The Macroeconomic Impact of Immediate Decontrol of Old Oil Prices," Congressional Budget Office, November 1975, 44 pp.


    "Indexing for Inflation: Some Formal Models and an Informal Policy Proposal," Technical Analysis Paper No. 30, Office of Evaluation, Office of the Asst. Secretary for Policy, Evaluation and Research, U. S. Department of Labor, May 1975, 51 pp.


    Fiscal Policy in Theory and Practice, General Learning Press, 1973, 42 pp.


    Activities by Various Central Banks to Promote Economic and Social Welfare Programs, Staff Report, House Committee on Banking and Currency, December 1970, 332 pp. (with L. Thurow, P. Temin, J. Quinn and E. Tironi).




Congressional Testimony


            Testimony to the U.S. Trade Deficit Review Commission, Washington, December 10, 1999.


            “Understanding the President’s Plan for Social Security,” Testimony before the Committee on Ways and Means, U.S. House of Representatives, February 23, 1999.


            Testimony before the Committee on Banking and Financial Services, U.S. House of Representatives, September 14, 1998.


            "Is This the Healthiest Economy in Three Decades?" testimony before the Joint Economic Committee, United States Congress, March 22, 1996.


            Testimony before the Committee on Banking and Financial Services, Subcommittee on Domestic and International Monetary Policy of the United States House of Representatives, October 11, 1995.


            Testimony before Committee on Environment and Public Works, United States Senate, September 22, 1992.


            "Trickle Down or Percolate Up?", Testimony before Senate Appropriations Subcommittee for Labor, Health, and Human Services, May 6, 1992.


            Testimony before House of Representatives, Committee on Ways and Means, December 17, 1991.


            Testimony before House of Representatives, Committee on the Budget, May 22, 1991.


            Testimony before Senate Finance Committee, Subcommittee on Deficits, Debt Management, and International Debt, April 12, 1991.


          "Shortchanging Our Future," Testimony before the Joint Economic Committee, July 19, 1989.


           Testimony before Senate Banking Committee on Monetary Policy,

Washington, DC, July 12, 1988.


         "Policy Guidelines for 1988," Testimony to the Joint Economic Committee, January 22, 1988.


         Testimony on the economic outlook to the Joint Economic Committee, July 2, 1987.


        "Tax Reform and Tax Progressivity," Testimony before the Joint Economic Committee, July 15, 1986.


        "Budget Targets for Fiscal 1987 and Beyond," Testimony before the House Budget Committee, February 21, 1986.


        "Presentation of Alan Blinder," in A Symposium on the 40th Anniversary of the Joint Economic Committee, January 16, 1986, pp. 137‑139.


        "Problems with the Gramm‑Rudman Proposal," Testimony before the Joint Economic Committee, October 11, 1985.


        "Monetary Policy After Monetarism," Testimony before the Senate Banking Committee, July 2l, 1983.


        "Indexing and the Consumer Price Index," Testimony before the Subcommittee on Congressional Operations & Oversight of the Senate Committee on Governmental Affairs, U. S. Senate, April 20, 1982.


        "Research on the Economic Effects of Social Security," Testimony before the Subcommittee on Monetary and Fiscal Policy of the Joint Economic Committee, September 23, 1981.


        "Fighting Inflation by Monetary Policy," Testimony before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking, Finance and Urban Affairs, July 28, 1981.


       "Economic Policy for 1980: Short Term Problems and Long Term

Remedies," testimony before the Joint Economic Committee, U. S. Congress, May 29, 1980.



Newspaper and Magazine Articles


"Bush's Shaky Retirement Plan," Washington Post, August 24, 2000 (with Henry Aaron).


"Bush Plan Misses Mark," USA Today, June 21, 2000.


"Bush Unties the Social Compact," The New York Times, May 26, 2000.


"How the U.S. Expansion Defies All Odds," Fortune, April 17, 2000.


"Saving the Surplus Will Save Social Security," The Wall Street Journal, March 31, 2000 (with Frank Newman).


“Save It,” The New Republic, August 9, 1999.


“Strange but True Economics,” The New York Times, March 9, 1999.


“Set to Keep Rollin’ Along,” Financial Times, December 29, 1998.


“Where to Focus Our Economic Jitters?”, New York Times, August 25, 1998.


“Shrewd Politics, Sound Policy,” The New York Times, March 3, 1998.


“A Modest Proposal for Capital Gains,” The Washington Post, June 11, 1997.


“Needed: Planet Insurance,” The New York Times, October 22, 1997.


“Fed Urged to Be More Forward-Looking,” The Washington Post, May 27, 1997.


“Constitutional Clutter,” The Washington Post, February 5, 1997.


"Can We Grow Faster?", Challenge, Nov/Dec 1996, pp. 8-14.


“The Republican Riverboat Gamble,” The New York Times, August 20, 1996.


"The Federal Reserve in the Nation's Service," Princeton Alumni Weekly, June 5, 1996, pp. 22-24.


“The $5.15 Question,” The New York Times, May 23, 1996.


"How to Run A Central Bank," The International Economy, September/October 1995, pp. 33-35 and 61-63.


"Princeton Economist Alan Blinder Makes Economics Understandable for All," The Margin, Fall 1992, pp. 9-11.


"A Keynesian Restoration Is Here," Challenge, September-October 1992, pp. 11-18.


"Growing Together," Princeton Alumni Weekly, March 4, 1992.


"Why Does Good Economics Make Bad Politics?", The Senior Economist, Vol. 5, No. 3, March 1990, pp. 3-4.


"Focus on the Deficit is Blocking Critical Long‑Term Investments," Northeast Midwest Economic Review, Vol. 2, No. 15, August 7, 1989,

pp. 5‑8.


"A Tip on Hard‑Headed Investing," State Legislatures, July 1988,

p. 46.


"Monetarism is Obsolete," Challenge, Sept./Oct., 1981, pp. 35‑41 (reprinted in R. D. Bartel (ed.), The Challenge of Economics, 1983).


“Tax Cuts and Investment Incentives," Challenge, Nov./Dec. 1980, pp. 56‑57.


"... A Bottle Half Full," Challenge, Nov./Dec. 1986, pp. 51‑52.


"Tight Money and Loose Fiscal Policy," Society, July/August 1987, pp. 80‑83.  (Reprinted in special 35th Anniversary Issue, Jan./Feb. 1998, pp. 319-323.)


Over 100 articles in Business Week, The Boston Globe, The Washington Post, The New York Times and elsewhere (available on separate list).