Stanford macro

[economagic]

Can anyone give me their opinion about macro at Stanford. I guess the school is better in micro, but how is the macro dept overall. There are some pretty big names (Hall, Taylor) there but I am not sure how active they are these days. What about the general atmosphere and interaction levels with faculty? Also, can you work with people in the business school. I believe Romer is part of the business school.

Appreciate all the help.

[Bored]

Originally Posted by economagic

Can anyone give me their opinion about macro at Stanford. I guess the school is better in micro, but how is the macro dept overall. There are some pretty big names (Hall, Taylor) there but I am not sure how active they are these days. What about the general atmosphere and interaction levels with faculty? Also, can you work with people in the business school. I believe Romer is part of the business school.

Appreciate all the help.

Hall is fairly active, Taylor less so. Aside from those two Klenow is very active. Adding Monika Piazzesi, and Martin Schneider strengthens the department considerably.

Amador, Bloom, Fitzgerald, and Tertilt all do Macro or related work as well.

(A fair number of them were trained at Stanford too - Klenow, Piazzesi, Schneider and Taylor)

[italos]

Originally Posted by Bored

Hall is fairly active, Taylor less so. Aside from those two Klenow is very active. Adding Monika Piazzesi, and Martin Schneider strengthens the department considerably.

Amador, Bloom, Fitzgerald, and Tertilt all do Macro or related work as well.

(A fair number of them were trained at Stanford too - Klenow, Piazzesi, Schneider and Taylor)

This is a good evaluation!

[econphilomath]

My humble opinion is that I think Stanford is in relative terms not a "good macro" place. As Bored stated, you will not be able to complain much but generally a macro guy with options would probably not go there on average.
NYU, UPenn, Chicago, MIT, Minnesota and Columbia all have larger and more published macro groups. Not sure how Stanford vs NW comes up. I would guess NWU is also better or equal in more applied macro (Christiano, Eichenbaum)
Also depends on your "kind" of macro. We are all optimizing on a flat surface here...but that my opinion...


EDIT : as italos mentions, Princeton also would rank higher, just by Sims all by himself. Even though they have lost Woodford, Bernanke, Svvenson and juniors Ricardo Reis to Columbia and Williams to Wisconsin.

[italos]

Originally Posted by econphilomath

NYU, UPenn, Chicago, MIT, Minnesota and Columbia all have larger and more published macro groups. Not sure how Stanford vs NW comes up. I would guess NWU is also better.
Also depends on your "kind" of macro. Remember we are again optimizing on a flat surface here...

You are forgetting Princeton!

[iugi85]

Originally Posted by econphilomath

EDIT : as italos mentions, Princeton also would rank higher, just by Sims all by himself. Even though they have lost Woodford, Bernanke, Svvenson and junior Ricardo Reis.

don't forget Krussel, he has an excellent tradition in advising graduate students and training economists

[Tatonnement]

Stanford macro is probably better than it has been in a while, but the recent history is not good. (I.e. Sargent leaving, Kocherlakota leaving after 1 year...) Word is that macro is not valued highly within the department and this gets reflected in hiring.

Princeton is down in macro for the moment. It's still a very good group: Sims, Benabou, Krussell, Kiyotaki, Watson, Rossi-Hansberg. But in the last couple years they've lost Svensson, Parker, Williams, and Reis. Look for them to make offers next year.

[Weary]

Where did svensson go???

[econphilomath]

Originally Posted by Weary

Where did svensson go???

Governor of his central bank...

Originally Posted by iugi85

don't forget Krussel, he has an excellent tradition in advising graduate students and training economists

Yea, I know, I was just saying the people who had left. He was actually one of my main reasons for applying to Princeton. poop

[iugi85]

Originally Posted by econphilomath

Yea, I know, I was just saying the people who had left. He was actually one of my main reasons for applying to Princeton. poop

for me too