NBER profile: Christopher Carroll.

Christopher Carroll is an NBER Research Associate in the Programs on Monetary Economics and Economic Fluctuations and Growth and Professor of Economics at the Johns Hopkins University in Baltimore. Originally from Knoxville, Tennessee, he received his A.B. in Economics from Harvard University in 1986 and his Ph.D. from the MIT in 1990.

After graduating from MIT, he worked at the Federal Reserve Board in Washington, where his responsibilities included preparation of the forecast for consumer expenditure. He moved to the Johns Hopkins University in 1995, but spent 1997-8 working at the President's Council of Economic Advisers in Washington; there, his responsibilities included analysis of Social Security reform proposals, tax and pension policy, and bankruptcy reform.

Carroll's research has focused primarily on consumption and saving behavior, with an emphasis on reconciling the empirical evidence from both microeconomic and macroeconomic sources with theoretical models.

In addition to articles in economics journals, he has written Encyclopedia Britannica articles on consumption-related topics. He was also the...