Career
He has written two popular college-level textbooks: one in intermediate macroeconomics and the more famous Principles of Economics. More than one million copies of the books have been sold in seventeen languages.
Mankiw is a New Keynesian economist. He did important work on menu costs, which are a source of price stickiness. In 1989, he wrote a paper predicting that the aging of the baby boomers would undermine the housing market in the 1990s and 2000s (decade).
Mankiw has become an influential figure in the Blogosphere and online journalism since launching his blog. The blog, originally designed to assist his Ec10 students, has gained a readership that extends far beyond students of introductory economics. In particular, he has used it as a platform to advocate the implementation of pigovian taxes such as a revenue-neutral carbon tax; to this end Mankiw founded the informal Pigou Club.
From 2003 to 2005, Mankiw was one of President George W. Bush's top economic advisers, and was chairman of the national Council of Economic Advisers (CEA). In November 2006, Mankiw became an official economic adviser to then-Massachusetts governor Mitt Romney's political action committee, Commonwealth PAC. In 2007, he signed on as an economic adviser to Romney's presidential campaign.
The Research Papers in Economics project ranked him as the 25th most influential economist in the world as of August 2011 based on his academic contributions.
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