January 20, 2024

Christopher D. Carroll

Professor of Economics 410–516–7602 (o) Department of Economics 410–516–7600 (f) Johns Hopkins University ccarroll@jhu.edu Baltimore, MD 21218-2685 http://econ.jhu.edu/people/ccarroll Education

BA in Economics, magna cum laude, Harvard College, 1986.

PhD in Economics, Massachusetts Institute of Technology, 1990. Current Appointments

2016-present National Bureau of Economic Research, Research Associate 2001-present Professor of Economics, Johns Hopkins University 2000-present Member, Conference on Research in Income and Wealth 2006-present Member, Center for Financial Studies, Goethe University, Frankfurt
Previous Appointments and Visiting Positions
2014-2015 Chief Economist and Director, Office of Research, CFPB 2011-2014 National Bureau of Economic Research, Governing Board Member 2001-2013 National Bureau of Economic Research, Research Associate 2010-Fall Visiting Professor, University College, London (2010-10 to 2010- 11) 2010-Fall Visiting Professor, Einaudi Institute, Rome (2010-11 to 2010-12) 2009-2010 Senior Economist, President’s Council of Economic Advisers 2002-Fall Visiting Professor, European University Institute, Florence 1999-Fall Visiting Fellow, Center on Social and Economic Dynamics, Brookings Institution 1997-1998 Senior Economist, President’s Council of Economic Advisers 1996-2001 Associate Professor of Economics, Johns Hopkins University 1995-1996 Assistant Professor of Economics, Johns Hopkins University 1995-2001 National Bureau of Economic Research, Faculty Research Fellow 1990-1995 Staff Economist, Board of Governors of the Federal Reserve System 1986-1990 Research Assistant to Professor Lawrence H. Summers
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Recent Professional Activities
Recent Grants and Related Projects
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Teaching

Ten Recent Publications and Working Papers *Working Papers

   “Theoretical Foundations of Buffer Stock Saving.” Christopher D. Carroll and Akshay Shanker. Revise and Resubmit, Quantitative Economics 2023

   “Welfare and Spending Effects of Consumption Stimulus Policies.” Christopher D Carroll, Edmund Crawley, Ivan Frankovic, and Håkon Tretvoll. Under Revision, Quantitative Economics 2023a

   “Even Self-Aware Consumers Are Overconfident.” Christopher Carroll, Daniel Grodzicki David Low, and Matthew N. White. working paper 2023b

   “Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects.” Christopher D. Carroll, Jiri Slacalek, and Martin Sommer. Manuscript, Johns Hopkins University 2019

*Publications

   “Epidemiological Expectations.” Christopher D. Carroll and Tao Wang. In Handbook of Economic Expectations volume 1. Elsevier November 2022. econ-ark.github.io/EpiExp

   “Liquidity constraints and precautionary saving.” Christopher D Carroll, Martin B Holm, and Miles S Kimball. Journal of Economic Theory 195:105276 2021a. Available at llorracc.github.io/LiqConstr

   “Modeling the consumption response to the CARES Act.” Christopher D Carroll, Edmund Crawley, Jiri Slacalek, and Matthew N White. International Journal of Central Banking 67 March 2021b. Available at econ-ark.github.io/Pandemic

   “Sticky Expectations and Consumption Dynamics.” Christopher D. Carroll, Edmund Crawley, Jiri Slacalek, Kiichi Tokuoka, and Matthew N. White. American Economic Journal: Macroeconomics 12 (3):40–76 July 2020

   “The Econ-ARK and HARK: Open Source Tools for Computational Economics.” Christopher D. Carroll, Alexander M. Kaufman, Jacqueline L. Kazil, Nathan M. Palmer, and Matthew N. White. In Fatih Akici, David Lippa, Dillon Niederhut, and M Pacer, editors, Proceedings of the 17th Python in Science Conference pages 25 – 30 2018

   “The Distribution of Wealth and the Marginal Propensity to Consume.” Christopher D. Carroll, Jiri Slacalek, Kiichi Tokuoka, and Matthew N. White. Quantitative Economics 8:977–1020 November 2017. At https://www.econ2.jhu.edu/people/ccarroll/papers/cstwMPC

   “Buffer-Stock Saving in a Krusell–Smith World.” Christopher D Carroll, Jiri Slacalek, and Kiichi Tokuoka. Economics Letters 132:97–100 2015. At https://www.econ2.jhu.edu/people/ccarroll/papers/cstKS/; extended version available as ECB Working Paper number 1633, https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1633.pdf