William C. "Bill" Brainard (born c. 1935) is an American economist. He is the Arthur Okun Professor Emeritus of Economics at Yale University,[1] and he served as the provost of the university from 1981 to 1986. Brainard is the namesake of the William C. Brainard chair, which current Yale provost Ben Polak holds.[2] Brainard earned both his economics M.A. (1959) and Ph.D. (1963) at Yale. He has been teaching at Yale since 1962.[2]
William C. Brainard | |
|---|---|
| Born | c. 1935 (age 88–89) |
| Nationality | American |
| Academic career | |
| Institution | Yale University |
| Alma mater | Yale University |
| Doctoral advisor | James Tobin |
Along with his frequent collaborator James Tobin, Brainard developed the theory of Tobin's q. The concept first appeared in Brainard and Tobin's 1968 article "Pitfalls in Financial Model Building"[3] The letter "Q," however, was not introduced until Tobin's 1969 article "A general equilibrium approach to monetary theory."[4] So, while references to "Q theory" generally carry only Tobin's name, Brainard and Tobin jointly introduced the concept.[5] Brainard was co-editor with George Perry of the Brookings Papers on Economic Activity from 1980 through 2007, and continues to serve on its advisory panel. Brainard's fields of interest are: Microeconomics, microeconomics and macroeconomic theory, monetary theory and policy, market valuation of firms, and models of financial markets.[6]
References
edit- ^ "William C. Brainard". Cowles.econ.yale.edu. Retrieved 2013-10-14.
- ^ a b "YaleNews | Chair Pays Tribute to Economist William Brainard's Leadership". News.yale.edu. 2008-11-14. Retrieved 2013-10-14.
- ^ Brainard, W. C.; Tobin, J. (1968). "Pitfalls in Financial Model Building". American Economic Review. 58 (2): 99–122. JSTOR 1831802.
- ^ Tobin, J. (1969). "A General Equilibrium Approach To Monetary Theory". Journal of Money, Credit and Banking. 1 (1): 15–29. doi:10.2307/1991374. JSTOR 1991374.
- ^ "Biography of William C. Brainard" (PDF). American Economic Association. Retrieved 2013-10-14.
- ^ "William Brainard | Department of Economics". economics.yale.edu. Retrieved 2019-04-22.