NBER Working Paper Number 15265 August 2009. "A Tractable Model of Buffer Stock Saving." Christopher D. I credit my father for sparking my interest in economics at an early age: He recently retired from a career as professor of economics at the University of Tennessee, where he taught industrial organization for many years. I live in Columbia, MD with my wife, Jennifer Manning. This focus flows from a career-long interest in consumer sentiment and its determinants. (In addition to articles in economic journals, I’ve authored Encyclopedia Britannica articles on consumption related topics.) My most recent research has focused on the dynamics of expectations formation, particularly on how expectations reflect households’ learning from each other and from experts. My research has primarily focused on consumption and saving behavior, with an emphasis on reconciling the empirical evidence from both microeconomic and macroeconomic sources with theoretical models. Aside from my current work at Hopkins and the NBER, I am also an associate editor at the Review of Economics and Statistics,(ReStat) the Journal of Business and Economic Statistics, (JBES) and the Berkeley Electronic Journal of Macroeconomics (BEJM). I moved to Johns Hopkins University in 1995 and also spent 1997-98 working at the Council of Economic Advisors in Washington, where I analyzed Social Security reform proposals, tax and pension policy, and bankruptcy reform. After graduating from M.I.T., I worked at the Federal Reserve Board in Washington DC, where I prepared forecasts for consumer expenditure. from the Massachusetts Institute of Technology in 1990. in Economics from Harvard University in 1986 and a Ph.D.
Originally from Knoxville, Tennessee, I received my A.B. I am a professor of economics at JHU and co-chair of the National Bureau of Economic Research’s working group on the Aggregate Implications of Microeconomic Consumption Behavior.