Ellen McGrattan is a professor of economics at the University of Minnesota, a consultant at the Federal Reserve Bank of Minneapolis, a visiting fellow at the Hoover Institution, a fellow of the Econometric Society, a fellow of the Society for the Advancement of Economic Theory, and a research associate at the NBER. Her research is concerned with the aggregate effects of monetary and fiscal policy—in particular, the effects on GDP, investment, the allocation of hours, the stock market, and international capital flows. She received her B.S. in Economics and Mathematics from Boston College and her Ph.D. in Economics from Stanford University. Her work has appeared in journals such as Econometrica, Journal of Political Economy, Quarterly Journal of Economics, American Economic Review, Review of Economic Studies, and the Review of Economic Dynamics.