- Academic Advisory Council
- Erzo G.J. LUTTMER
Erzo G.J. Luttmer is professor of economics at the University of Minnesota and a visiting scholar at the Federal Reserve Bank of Minneapolis. He holds a PhD in economics from the University of Chicago and has previously taught at Northwestern University and the London School of Economics. He has published papers on the effects of transaction costs and borrowing constraints on asset prices. He has also shown how equilibrium asset prices are determined when consumers have time-inconsistent preferences. And he has developed a number of analytically tractable models that tie together firm heterogeneity, knowledge diffusion, and long-run growth. In some of his current research, he explores the role of asset price bubbles and organization capital in accounting for slow recoveries.