Authors:

  • N. Gregory Mankiw

Excerpt

May 18, 2024, Paper: "I began my study of economics in the 1970s, when inflation was one of the dominant macroeconomic issues of the day. The ongoing struggles to tame inflation focused the mind, and they led me and many of my classmates into careers as macroeconomists. In my first job in the policy world, I spent the summer of 1978 as an intern at the Congressional Budget Office, where I was assigned the task of estimating various specifications for the Phillips curve. The goal was to better understand the forces driving inflation."