Jon Steinsson joined the department in 2018 as Chancellor's Professor of Economics. He received a bachelor‘s degree in economics from Princeton University in 2000 and a Ph.D. from Harvard University in 2007. Jon taught at Columbia University from 2008 to 2018 before moving to Berkeley. He is Co-Director for the Monetary Economics program of the National Bureau of Economic Research. His main area of research is empirical macroeconomics. His work has focused on characterizing price rigidity and its macroeconomic consequences, identifying the effects of monetary and fiscal policies, and understanding the effects of forward guidance on the economy among other things. He grew up in Iceland and participates actively in the political and economic discourse in that country.
Research Expertise and Interest
June 10, 2021
The U.S. Department of Labor reported yesterday that the Consumer Price Index rose 5% in May, following a 4.2% jump in April. But at UC Berkeley, high-level economists are offering some calming advice: A measure of inflation is inevitable as the U.S. economy comes back online, but it will likely be modest. And it will almost certainly blow over as the economy stabilizes.