|Macroeconomist’s name||IDEAS rank||Political affiliation||Views on fiscal stimulus|
|Robert J. Barro||3||Republican?, no political appointments||Tax-cuts not spending|
|Robert E. Lucas||5||?||Con, but concerned about sudden drop in consumption|
|Edward C. Prescott||7||He signed a statment opposing Obama’s tax/trade policy||?|
|Martin S. Feldstein ((Feldstein has a short NBER paper on fiscal policy (with no model) and he’s also written against Ricardian equivalence but he doesn’t usually write on macro stuff.))||8||“conservative”||Pro, likes military spending|
|Daron Acemoglu ((Technically Acemoglu is a growth economist, but he writes about everything. EVERYTHING.))||10||?||Con, worries about long term consequences|
|Mark L. Gertler||14||?||?, but he says monetary policy can still be effective|
|Thomas J. Sargent||17||?||Con|
|Lars E. O. Svensson||21||?||?, but has written on the effectiveness of monetary policy when interest rates are zero|
|N. Gregory Mankiw||22||Republican||Con|
|Jordi Galí||25||?||?, his research is the only legitimately modern macro that shows fiscal stimuls can work|
|Ben S. Bernanke||33||Republican appointee||His public statements are Pro, but I’m not sure what his private opinions are. His research is all money all the time.|
|Michael Woodford||34||?||?, but in a survey has said the consensus is “fiscal measures are not suitable for accurate ‘fine-tuning’, even if it is not agreed that they have little effect.”|
|John B. Taylor||49||Republican appointee||Pro, but has shown the recent tax rebate was ineffective at stimulus|
It seems most macro folks are conservative or Republican. The Gali paper on effective fiscal policy seems like it might be worth taking a look at.
You’ll notice Delong and Krugman (and Alesina, Becker, Cochrane, Fama, Murphy, and Zingales) are missing from this list of MACROeconomists. This is because they are not macroeconomists.
It seems to me the historians were calling the finance people boneheads for their ideas on macroeconomics. I wonder what the planetary scientists think about the exobiologist’s views on theoretical cosmology.