Professor JANICE C. EBERLY

President-Elected 2026
The American Economic Association (AEA)

James R. and Helen D. Russell Distinguished Professor of Finance, Kellogg School of Management at Northwestern University.

Statement of Purpose: Economics brings powerful tools to understand and analyze issues in social science. To live up to that promise, we need to attract and retain talent, develop data and analytics, and engage students. The AEA mission to advance the field is dynamic and challenging. As economists, we rely on collaborators, students, researchers, and a host of academic, public and private resources. In a changing field, the AEA needs to be correspondingly resilient. We can apply our tools to evaluate our progress and experiment with new initiatives. As president-elect, I would focus particularly on data access and opportunities for young scholars, plus attention to emerging issues. Economics cannot thrive without growing young scholars — who are often the first to experience new challenges. The AEA consistently supports data innovation through its committees and journals and continues to advise public and private data resources.

Present and Previous Positions: James R. and Helen D. Russell Distinguished Professor of Finance, 2002–, Senior Associate Dean, Strategy and Academics, 2020–23, and John L. and Helen Kellogg Associate Professor of Finance, 1998–2002, Kellogg School of Management at Northwestern University; Distinguished Senior Fellow and Visiting Faculty, 2023–24, Golub Center for Finance and Policy, Sloan School of Management, Massachusetts Institute of Technology; Assistant Secretary for Economic Policy and Chief Economist, 2011–13; Counselor to the Secretary, 2011, US Treasury, Washington, D.C.; Assistant/Associate Professor of Finance, 1991–98, Wharton School of the University of Pennsylvania.

Degrees: Ph.D. Economics, Massachusetts Institute of Technology, 1986–91; (Valedictorian) B.S., University of California, Davis, 1983–86

Publications: “Rents and Intangible Capital: A Q+ Framework,” (with Crouzet), Journal of Finance, 2023; “The Economics of Intangible Capital,” (with Crouzet, Eisfeldt & Papanikolaou), JEP, 2022; “Intangibles, Markups, and the Measurement of Productivity Growth,” (with Crouzet), Journal of Monetary Economics, 2021; “Risk, the College Premium, and Aggregate Human Capital Investment,” (with Athreya), AEJ: Macroeconomics, 2021; “Optimal Inattention to the Stock Market with Information Costs and Transactions Costs,” (with Abel and Panageas), Econometrica, 2013; “How Q and Cash Flow Affect Investment without Frictions: An Analytic Explanation,” (with Abel), Review of Economic Studies, 2011, “Optimal Investment with Costly Reversibility,” (with Abel), Review of Economic Studies, 1996; “Options, the Value of Capital, and Investment,” (with Abel, Dixit, and Pindyck), Quarterly Journal of Economics, 1996; “A Unified Model of Investment Under Uncertainty,” (with Abel), AER, 1994; “Adjustment of Consumers’ Durables Stocks: Evidence from Automobile Purchases,” Journal of Political Economy, 1994.

AEA Offices, Committee Memberships, and Honors: Vice President, 2019–20; Executive Committee Member, 2008–10; AEACGR, 2022–; Job Search Committee for Editor of AER: Insights, 2022–23; Nominating Committee, 2001–02, 2010–11, 2021–22; Chair, Job Search Committee for Editor of the JEP, 2020; Program Committee 2006–07, 2008–09, 2020–21; AEAStat Committee, 2016–21; Honors and Awards Committee, 2017–20; Job Search Committee for Editor of the AEJ: Macroeconomics, 2017; Board of Editors, AER: Insights, 2019–.

Other Affiliations and Honors: Fellow of the Econometric Society, 2024; Fellow of the American Academy of Arts and Sciences, 2013; Dimensional Fund Advisors Award 2024, 1st Prize, Best Capital Markets Paper in the Journal of Finance; Alfred P. Sloan Research Fellow, 1995–99; Sloan Foundation Graduate Fellowship, 1990–91; Executive Editor, Journal of Finance: Insights and Perspectives, 2025; CoEditor, Brookings Papers on Economic Activity, 2015–; Panel of Economic Advisors, Congressional Budget Office, 2010–11; Advisory Board, Bureau of Economic Analysis, US Department of Commerce, 2009–11.

131 Sustainable Regional Development Scientific Journal, Vol. III, (1), 2026

Academic Profile by:

Associate Professor Filipos RUXHO
Sustainable Regional Development Scientific Journal - SRDSJ

References

https://www.aeaweb.org/about-aea/leadership/election-winners