Jeffrey Frankel
Encyclopedia
Jeffrey Alexander "Jeff" Frankel (born November 5, 1952 in San Francisco, California
San Francisco, California
San Francisco , officially the City and County of San Francisco, is the financial, cultural, and transportation center of the San Francisco Bay Area, a region of 7.15 million people which includes San Jose and Oakland...

) is the James W. Harpel Professor of Capital Formation and Growth at Harvard University's
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

 Kennedy School of Government. A member of the Council of Economic Advisors under President Bill Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...

, Frankel is a noted international macroeconomist. Frankel's contributions include showing econometrically that openness is good for economic growth, by means of a gravity model of trade
Gravity model of trade
The gravity model of trade in international economics, similar to other gravity models in social science, predicts bilateral trade flows based on the economic sizes of and distance between two units. The model was first used by Tinbergen in 1962...

 (with David Romer
David Romer
David Romer is the Herman Royer Professor of Political Economy at the University of California, Berkeley, the author of a standard textbook in graduate macroeconomics as well as many influential economic papers, particularly in the area of New Keynesian economics...

).

Frankel directs the Program in International Finance and Macroeconomics at the National Bureau of Economic Research
National Bureau of Economic Research
The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...

 and is also on the Business Cycle Dating Committee, which officially declares US recessions.

He called for a decrease in lower-class taxes and middle-class taxes in a discussion with Glenn Beck
Glenn Beck
Glenn Edward Lee Beck is an American conservative radio host, vlogger, author, entrepreneur, political commentator and former television host. He hosts the Glenn Beck Program, a nationally syndicated talk-radio show that airs throughout the United States on Premiere Radio Networks...

 on Fox News, and was referred to as "Stalin" in response.

See also

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