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| party = [[Republican Party (United States)|Republican]] (Before 2019)<br />[[Independent politician|Independent]] (2019–present)
| spouse = Deb Roloff
| education = [[Princeton University]] ([[Bachelor of Arts|
| module = {{Infobox Economist
|child = yes
|field = [[Macroeconomics]]
|school_tradition = [[New Keynesian economics]]
|doctoral_advisor = [[Stanley Fischer]]<ref>{{cite web|url=http://gregmankiw.blogspot.jp/2013/02/a-profile-of-stanley-fischer.html |title=A Profile of Stanley Fischer |publisher=GREG MANKIW'S BLOG |date=September 19, 2016}}</ref>
|doctoral_students = [[Miles Kimball]]<br />[[Xavier Sala-i-Martin]]<ref>{{cite web|url=http://gregmankiw.blogspot.com/2013/02/a-profile-of-stanley-fischer.html|title=Greg Mankiw's Blog: A Profile of Stanley Fischer}}</ref><br />[[Karen Dynan]]<br />[[Jason Furman]]<br />[[Ricardo Reis]]
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| url = http://gregmankiw.blogspot.com/
| title = GREG MANKIW'S BLOG / Random Observations for Students of Economics
}}</ref> and has since 2007 written approximately monthly for the Sunday business section of ''[[The New York Times]].''<ref>{{cite web|url=http://scholar.harvard.edu/mankiw/content/columns-and-talks|title=Columns and Talks}}</ref> According to the [[Open Syllabus Project]], Mankiw is the most frequently
Mankiw is a conservative,<ref>{{cite news| url=https://www.economist.com/blogs/freeexchange/2009/03/lets_pick_on_greg_mankiw | newspaper=The Economist | title=Let's pick on Greg Mankiw | date=March 10, 2009}}</ref><ref>{{cite news | title=Alan Krueger's New White House Job | work=[[The New York Times]] | date=August 29, 2011 | author=Rampell, Catherine| author-link=Catherine Rampell }}</ref><ref>{{cite news | title=From the GOP, Old Lines for New Times; On Tax Cuts, Capital Gains, the Budget and Other Issues, Republicans Return to an '80s Hit | newspaper=[[The Washington Post]] | date=October 2, 1994 | author=Chandler, Clay}}</ref><ref>{{cite news | title=Deconstructing the Deficit | work=[[National Journal]] | date=October 11, 2003 | author=Maggs, John}}</ref> and has been an economic adviser to several [[Republican Party (United States)|Republican]] politicians. From 2003 to 2005, Mankiw was Chairman of the [[Council of Economic Advisers]] under President [[George W. Bush]]. In 2006, he became an economic adviser to [[Mitt Romney]], and worked with Romney during his presidential campaigns in 2008 and 2012. In October 2019, he announced that he was no longer a Republican because of his discontent with President [[Donald Trump]] and the [[Republican Party (United States)|Republican Party]].<ref name="Trump" />
==Early life and education==
Mankiw was born in [[Trenton, New Jersey]]. His grandparents were all [[Ukrainian Americans|Ukrainians]].<ref>{{cite web|url=http://conversationswithbillkristol.org/video/n-gregory-mankiw/|title=N. Gregory Mankiw: America's Economy and the Case for Free Markets}}</ref><ref>{{cite web|url=http://conversationswithbillkristol.org/transcript/n-gregory-mankiw-transcript/|title=N. Gregory Mankiw Transcript - Conversations with Bill Kristol}}</ref><ref>{{cite web|url=http://gregmankiw.blogspot.ca/2006/06/my-familys-flatware.html|title=Greg Mankiw's Blog: My Family's Flatware|website=gregmankiw.blogspot.ca}}</ref><ref>http://scholar.harvard.edu/files/mankiw/files/confirm.pdf {{Bare URL PDF|date=March 2022}}</ref> He grew up in [[Cranford, New Jersey]], where he worked in Republican politics,<ref>[[Edmund L. Andrews|Andrews, Edmund L.]] [https://www.nytimes.com/2004/02/26/business/economics-adviser-learns-the-principles-of-politics.html "Economics Adviser Learns the Principles of Politics"], ''[[The New York Times]]'', February 26, 2004. Accessed September 19, 2019. "He describes himself as a lifelong Republican, which sets him apart from many Harvard colleagues. He distributed campaign literature for Richard Nixon in the early 1970's, and he grew up in Cranford, a fairly affluent suburb in New Jersey, the son of an engineer and a teacher."</ref> and graduated from the [[Pingry School]] in 1976.<ref>[http://www.nber.org/vitae/vita354.htm CV for N. Gregory Mankiw], [[National Bureau of Economic Research]]. Accessed September 19, 2019. "The Pingry School. Graduated, 1976."</ref> In 1975, he studied [[astrophysics]] at the [[Summer Science Program]].<ref name=NMTpr>{{cite web |url=http://www.nmt.edu/news/all-news/98-2003/2578-17june04g |title=New Mexico Tech News |publisher=New Mexico Tech |date=June 17, 2004 |access-date=November 29, 2010 |archive-url=https://web.archive.org/web/20100528061126/http://www.nmt.edu/news/all-news/98-2003/2578-17june04g |archive-date=May 28, 2010 |url-status=dead }}</ref> He graduated from [[Princeton University]] ''[[summa cum laude]]'' in 1980 with a [[Bachelor of Arts]] in [[economics]].<ref>Andres, Edmund L. [https://query.nytimes.com/gst/fullpage.html?res=9502EFDD133CF93BA15751C0A9659C8B63 "A Salesman for Bush's Tax Plan Who Has Belittled Similar Ideas"], ''[[The New York Times]]'', February 28, 2003.</ref> Mankiw completed a 72-page long senior thesis titled "Understanding Employment Fluctuation
After college, Mankiw spent a year working on his [[Doctor of Philosophy|doctoral degree]] at the [[Massachusetts Institute of Technology]] (MIT) and a subsequent year studying at [[Harvard Law School]]. He worked as a staff economist for the [[Council of Economic Advisers]] from 1982 to 1983, which he went on to chair two decades later. After leaving the council, he earned his PhD in economics from MIT in 1984 under the supervision of [[Stanley Fischer]]. He returned to Harvard Law School for a year, but having completed his PhD and realizing that he was better at economics,<ref>{{cite web|url=http://gregmankiw.blogspot.com/2006/06/jd-vs-phd-my-story.html|title=Greg Mankiw's Blog: JD vs PhD: My Story}}</ref> he left to teach at MIT for a year, and then became an [[assistant professor]] of economics at [[Harvard University]] in 1985. He was promoted to [[Professors in the United States|professor]] in 1987, at the age of 29.
==Academic writings==
Mankiw is considered a [[New Keynesian economics|New Keynesian economist]],<ref>{{Cite journal |last=Mankiw |first=N. Gregory |date=1989-08-01 |title=Real Business Cycles: A New Keynesian Perspective
In 2002, Mankiw and [[Ricardo Reis]] proposed an alternative to the widely-used New Keynesian [[Phillips curve]] that is based on the slow diffusion of information among the population of price setters. Their sticky-information model displays three related properties that are more consistent with accepted views about the effects of monetary policy. Firstly, disinflations are always contractionary,
A related 2003 article by Mankiw, Reis, and [[Justin Wolfers]] analyzed data on inflation expectations and documented substantial disagreement among both consumers and professional economists about expected future inflation. That disagreement is shown to vary over time and to move with inflation, the absolute value of the change in inflation, and relative price variability. The paper argues that a satisfactory model of economic dynamics must address those business-cycle moments. Noting that most macroeconomic models do not endogenously generate disagreement, they show that a sticky-information model broadly matches many of those facts. The model is also consistent with other observed departures of inflation expectations from full rationality, including autocorrelated forecast errors and insufficient sensitivity to recent macroeconomic news.<ref>https://www.nber.org/chapters/c11444.pdf {{Bare URL PDF|date=March 2022}}</ref>
Mankiw has also written several papers on the empirical analysis of consumer behavior
Mankiw's most widely-cited paper is "A Contribution to the Empirics of Economic Growth
Beyond his work in macroeconomics, Mankiw has also written several other notable papers. In 1989, he coauthored a paper with David Weil that examined the demographic determinants of housing demand and predicted that the aging of [[baby boomers]] would undermine the housing market in the 1990s and 2000s.<ref>{{cite journal | last = Mankiw | first = N. Gregory |author2=Weil, David N. | year = 1990 | title = The Baby Boom, The Baby Bust, and the Housing Market | journal = NBER Working Paper | volume = W2794 | issue = 2| pages = 235–58| doi = 10.1016/0166-0462(89)90005-7 | pmid = 12283640 | ssrn = 245837 | url = http://www.nber.org/papers/w2794.pdf }}</ref> In 1986, he coauthored a paper with [[Michael Whinston]] in microeconomic theory that showed that under imperfect competition, entry tends to be excessive in homogeneous-goods industries because entrants fail to take into account the business-stealing externality that they impose on their rivals. When goods are heterogeneous, it is ambiguous whether free entry produces too many or too few firms because of offsetting business-stealing and product-variety externalities.<ref>http://www.nuff.ox.ac.uk/users/klemperer/IO_Files/free%20entry%20%20Mankiw%20and%20Whinston.pdf {{Bare URL PDF|date=March 2022}}</ref>
==Textbooks==
Mankiw has written two popular college-level textbooks: the intermediate-level ''Macroeconomics'' (now in its
When the first edition of the ''Principles'' book was published in 1997, ''The Economist'' magazine stated,<ref>{{cite news|url=https://www.economist.com/node/154859|title=Play it again, Samuelson|newspaper=The Economist|date=1997-08-21}}</ref>
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===2004 Economic Report of the President===
Several controversies arose from CEA's February 2004 Economic Report of the President. In a press conference, Mankiw spoke of the gains from [[free trade]] and noted that the [[outsourcing]] of jobs by US companies is "probably a plus for the economy in the long run."<ref>{{cite news| url=http://www.cnn.com/2004/US/02/12/bush.outsourcing | work=CNN | title=Bush adviser backs off pro-outsourcing comment | date=February 11, 2004 | access-date=May 19, 2010}}</ref><ref>https://dash.harvard.edu/bitstream/handle/1/2770517/Mankiw_PoliticsEconomics.pdf {{Bare URL PDF|date=March 2022}}</ref>
Controversy also arose from a rhetorical question posed by the report and repeated by Mankiw in a speech about the report:<ref>[https://georgewbush-whitehouse.archives.gov/cea/economic_report-20040217.html Remarks on the 2004 Economic Report of the President to the National Economists Club and Society of Government Economists<!-- Bot generated title -->] {{webarchive|url=https://web.archive.org/web/20100604100247/http://georgewbush-whitehouse.archives.gov/cea/economic_report-20040217.html |date=2010-06-}}</ref> "when a fast-food restaurant sells a hamburger, is it providing a service or combining inputs to manufacture a product?" He intended to point out that the distinction between manufacturing jobs and service industry jobs is somewhat arbitrary and so is a poor basis for policy. Even though the issue was not raised in the report, a news account led to criticism that the administration was seeking to cover up job losses in manufacturing by redefining jobs like cooking hamburgers as manufacturing.<ref>[https://query.nytimes.com/gst/fullpage.html?res=9D02EFDC113DF933A15751C0A9629C8B63 "In the New Economics: Fast-Food Factories?"], ''[[The New York Times]]'', February 20, 2004. Retrieved March 28, 2008.</ref>
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===2019 departure from Republican Party===
On October 28, 2019, Mankiw left the Republican Party and registered as an independent.
===Advocacy of Pigovian taxation===
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* 2012: The [[Princeton Review]] named Mankiw one of the 300 best professors in the nation.<ref>{{cite web|url=http://www.princetonreview.com/press/best-professors|title=Best 300 Professors Press Release - Public Relations - The Princeton Review - The Princeton Review|website=www.princetonreview.com}}</ref><ref>https://hedp.osu.edu/sites/hedp.osu.edu/files/news-bestprofessors.pdf {{Bare URL PDF|date=March 2022}}</ref>
* 2014: Along with [[David Card]], Mankiw was elected vice president of the [[American Economic Association]].<ref>{{cite web|url=https://www.aeaweb.org/honors_awards/officerspast.php#VP|title=American Economic Association|website=www.aeaweb.org}}</ref>
* 2017: The [[Council for Economic Education]] honored Mankiw with its Visionary Award.<ref>{{cite web|url=https://www.councilforeconed.org/visionaryawards/past-honorees/|title=Visionary Awards: Celebrate with CEE the leaders of Economic Education|access-date=2019-01-04|archive-date=2022-01-30|archive-url=https://web.archive.org/web/20220130222625/https://www.councilforeconed.org/visionaryawards/past-honorees/|url-status=dead}}</ref>
* 2019: [[Omicron Delta Epsilon]], the international honor society for economics, awarded Mankiw the biennial John R. Commons Award.<ref>{{Cite web|url=https://www.omicrondeltaepsilon.org/awards.html|title = Omicron Delta Epsilon - the International Economics Honor Society}}</ref>
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Mankiw is referenced in the 2011 film [[Elles (film)|''Elles'']], which shows an episode in the life of Anne ([[Juliette Binoche]]), a journalist writing an article about female student prostitution. When asked about her classes, one of the students, the [[Polish American|Polish]] immigrant Alicja ([[Joanna Kulig]]), replies that she has been studying the [[neoliberal]] economist Greg Mankiw.<ref>{{cite web|url=https://www.villagevoice.com/2012/04/25/elles/|title=Elles|date=25 April 2012}}</ref>
In addition, Mankiw is briefly mentioned in the novels ''[[Nineteen Minutes]]'' by [[Jodi Picoult]]<ref>{{Cite book | url=https://archive.org/details/nineteenminutes00jodi | url-access=registration | page=[https://archive.org/details/nineteenminutes00jodi/page/449 449] | quote=mankiw picoult. | title=Nineteen Minutes| publisher=Simon and Schuster | isbn=9780743496735| last1=Picoult| first1=Jodi| date=2008-02-05}}</ref> and ''The Female Persuasion'' by [[Meg Wolitzer]].<ref>{{Cite book | url=https://books.google.com/books?id=2qYrDwAAQBAJ&q=mankiw+wolitzer&pg=PT26 | title=The Female Persuasion: A Novel| isbn=9780525533221| last1=Wolitzer| first1=Meg| date=2018-04-03| publisher=Penguin}}</ref>
On February 18, 2019, Mankiw was mentioned in a clue on the television show [[Jeopardy!]]:<ref>{{cite web|url=http://gregmankiw.blogspot.com/2019/02/a-clue-in-todays-jeopardy.html|title=Greg Mankiw's Blog: A Clue in Today's Jeopardy!}}</ref> "N. Gregory Mankiw has penned texts on these 'large' and 'small' fields, relating to how governments spend & how you do."
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{{commons category|N. Gregory Mankiw}}
{{wikiquote}}
* {{oweb|
* [http://economics.harvard.edu/faculty/mankiw Mankiw's page at Harvard University] ({{Webarchive|url=https://web.archive.org/web/20091104223401/http://www.economics.harvard.edu/faculty/mankiw |date=2009-11-04 }})
* {{C-SPAN|1002129}}
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[[Category:Harvard University faculty]]
[[Category:Living people]]
[[Category:
[[Category:MIT School of Humanities, Arts, and Social Sciences alumni]]
[[Category:New Keynesian economists]]
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