Andrew Abel
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Andrew Bruce Abel (born December 3, 1952) is an American
economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
who has served as a professor of economics at the
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
since 1987, and as the Ronald A. Rosenfeld Professor at the
Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...
since 2003.https://faculty.wharton.upenn.edu/wp-content/uploads/2016/11/Abel-CV.pdf


Biography

Born in 1952, Abel received an AB (''
summa cum laude Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Sout ...
'') in
economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...
from
Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...
in 1974, and a
PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...
in economics from the
Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...
in 1978, where his doctoral adviser was
Rudi Dornbusch Rüdiger "Rudi" Dornbusch (June 8, 1942 – July 25, 2002) was a German economist who worked in the United States for most of his career. Early life and education Dornbusch was born in Krefeld in 1942. After completing his secondary education ...
. He was an
assistant professor Assistant professor is an academic rank just below the rank of an associate professor used in universities or colleges, mainly in the United States, Canada, Japan, and South Korea. Overview This position is generally taken after earning a doct ...
at the
University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...
from 1978 to 1980, and then an assistant professor at
Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...
from 1980 to 1983, where he was the John L. Loeb
Associate Professor Associate professor is an academic title with two principal meanings: in the North American system and that of the ''Commonwealth system''. In the ''North American system'', used in the United States and many other countries, it is a position ...
of the Social Sciences from 1983 to 1986. In 1986, he left Harvard for the
Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...
at the
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
, where he has been a professor of economics since 1987, and was appointed the Ronald A. Rosenfeld Professor within the Department of Finance in 2003. Abel has held visiting positions at several universities, including
UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California, United States. Its academic roots were established in 1881 as a normal school then known as the southern branch of the C ...
, Chicago Booth,
Tel Aviv University Tel Aviv University (TAU) is a Public university, public research university in Tel Aviv, Israel. With over 30,000 students, it is the largest university in the country. Located in northwest Tel Aviv, the university is the center of teaching and ...
, and the
Hebrew University of Jerusalem The Hebrew University of Jerusalem (HUJI; ) is an Israeli public university, public research university based in Jerusalem. Co-founded by Albert Einstein and Chaim Weizmann in July 1918, the public university officially opened on 1 April 1925. ...
. Abel has been a research associate at the NBER since 1983, and was elected a
Fellow A fellow is a title and form of address for distinguished, learned, or skilled individuals in academia, medicine, research, and industry. The exact meaning of the term differs in each field. In learned society, learned or professional society, p ...
of the
Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians o ...
in 1991. He served on the
Congressional Budget Office The Congressional Budget Office (CBO) is a List of United States federal agencies, federal agency within the United States Congress, legislative branch of the United States government that provides budget and economic information to Congress. I ...
’s Panel of Economic Advisors from 2001 to 2005. With
Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Insti ...
(and, in later editions, Dean Croushore), he co-authored a widely used
macroeconomics Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output (econ ...
textbook.


Honors, fellowships and grants

*
Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States. It was founded in 1776 at the College of William & Mary in Virginia. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, ...
(1974) *National Science Foundation Graduate Fellowship (1974–77) *Research Fellowship, Federal Reserve Bank of Boston (1977–78) *Grant from U.S. Department of Energy (1981–82) *Grants from National Science Foundation (1982–91, 1993–1996) *John Kenneth Galbraith Award for Excellence in Teaching (1984) *Sloan Research Fellowship (1986–1988) *Fellow of the Econometric Society (1991-) *MBA Core Curriculum Cluster Award (1996–1997)


Publications


Books

*Investment and the Value of Capital, Garland Publishing, Inc., New York, New York (1979) *Federal Reserve Bank of Boston, Report 65 (December 1978) *The Collected Papers of Franco Modigliani (editor), M.I.T. Press, Cambridge, Massachusetts, Volumes I, II, and III (1980) *Macroeconomics, Addison-Wesley Publishing, Reading Massachusetts, with Ben S. Bernanke (1992); sixth edition with Dean Croushore *Macroeconomics translated into Italian; second edition (1995) *Macroeconomics translated into Japanese; third edition (1998), fourth edition (2001) *Macroeconomics translated into Greek; fifth edition (2005) *Macroeconomics translated into Chinese; sixth edition (2008) *Macroeconomics, Canadian Edition, Addison-Wesley Publishers Limited, Don Mills, Ontario, Canada, with Ben S. Bernanke and Gregor W. Smith, Ronald D. Kneebone, first edition (1995) *Macroeconomics, European Edition, Addison Wesley Longman Limited, Essex, England, with Ben S. Bernanke and Robert McNabb (1998)


References


External links

* {{DEFAULTSORT:Abel, Andrew 1952 births Living people 21st-century American economists MIT School of Humanities, Arts, and Social Sciences alumni Princeton University alumni Wharton School of the University of Pennsylvania faculty Fellows of the Econometric Society