The Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies was founded by Alan S. Blinder in 1989, to support policy-related research in the Department of Economics at Princeton University, and to foster communication among members of the academic, business, and government communities. Alan S. Blinder ’67, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, is a regular columnist for The Wall Street Journal, a former vice chairman of the Board of Governors of the Federal Reserve System, and a former member of President William J. Clinton’s original Council of Economic Advisers.
Blinder co-directed the Center with Harvey S. Rosen, John L. Weinberg Professor of Economics and Business Policy Emeritus and a former chair of the Council of Economic Advisers under President George W. Bush. Blinder and Rosen were succeeded by Hyun Song Shin and the late Uwe E. Reinhardt in 2011.
Christopher A. Sims succeeded Shin in 2013 and Ilyana Kuziemko succeeded Reinhardt in 2016. Sims is the John J. F. Sherrerd ’52 University Professor of Economics; and co-winner with Thomas Sargent of the 2011 Nobel Memorial Prize in Economic Sciences for their independent work on the cause and effect on the macroeconomy. Kuziemko is the Theodore A. Wells ’29 Professor of Economics in the Department of Economics; and served as deputy assistant secretary at the U.S. Department of the Treasury from 2009-2010, working primarily on the development and early implementation of the Affordable Care Act.
Sims transferred to emeritus status, effective July 1, 2021, but continues to serve as a member of the Griswold Center’s faculty steering committee. Stephen J. Redding has been a member of our faculty steering committee and we are very grateful, and honored, that he has assumed the co-directorship role. Redding is the Harold T. Shapiro *64 Professor in Economics in the Department of Economics and School of Public and International Affairs, and director of the International Trade and Investment (ITI) Program of the National Bureau of Economic Research (NBER).
Sound economic policy depends on rigorous research informed by the expertise of economists, policymakers, and business leaders. The Griswold Center for Economic Policy Studies (GCEPS) supports policy-related research in the Department of Economics through our visiting scholars program, public talks, faculty and graduate student funding, and our undergraduate research forums. Research fields include debt and deficits, changes in asset management, monetary policy, international trade policy, job security for U.S. workers, tax policy, healthcare, and financial market regulation.
GCEPS fosters communication among members of the academic, business, and government communities through a number of highly successful programs each academic year. The strength of our programs is reflected in the strong ties the Center has established with leading policymakers through our advisory board and among our members and program speakers. Members are invited to participate in forums and symposia that bring together experts to discuss a wide range of timely economic and financial policy issues, share their insights, and share research results and business perspectives amongst targeted private- and public-sector policymakers.
GCEPS activities are supported by individual and corporate memberships and the generous endowment from Benjamin H. Griswold IV. Investment banking executive Benjamin H. Griswold IV, a member of Princeton’s Class of 1962, and his family made a substantial gift to endow the Center for Economic Policy Studies (CEPS) in 2011 and the Center was renamed the Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies, in honor of Griswold’s father, a member of Princeton’s Class of 1933.