Guillermo Calvo
Encyclopedia
Guillermo Antonio Calvo (born 1941 in Buenos Aires
, Argentina
) is an Argentine economist
who is currently Director of Columbia University
's mid-career Program in Economic Policy Management in their School of International and Public Affairs (SIPA).
He published significant research in macroeconomics
, especially monetary economics and the economics of emerging markets and transition economies
. Calvo, together with Edmund Phelps
and John B. Taylor
, did pioneering work on staggered wage setting as a channel for producing price stickiness. The Calvo pricing approach is named after him.
from Yale University
in 1974. In January 2007, Calvo rejoined the faculty at Columbia University
, where he previously taught from 1973 to 1986.
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...
, Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
) is an Argentine economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
who is currently Director of Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
's mid-career Program in Economic Policy Management in their School of International and Public Affairs (SIPA).
He published significant research in macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
, especially monetary economics and the economics of emerging markets and transition economies
Transition economy
A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a free market. Transition economies undergo economic liberalization, where market forces set prices rather than a central planning organization and trade barriers are removed,...
. Calvo, together with Edmund Phelps
Edmund Phelps
Edmund Strother Phelps, Jr. is an American economist and the winner of the 2006 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Early in his career he became renowned for his research at Yale's Cowles Foundation in the first half of the 1960s on the sources of economic growth...
and John B. Taylor
John B. Taylor
John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution....
, did pioneering work on staggered wage setting as a channel for producing price stickiness. The Calvo pricing approach is named after him.
Biography
Guillermo Calvo earned his Ph.D.Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
from Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
in 1974. In January 2007, Calvo rejoined the faculty at Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
, where he previously taught from 1973 to 1986.