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Andrew Bruce Abel (born December 3, 1952) is an American economist, a professor in the Department of Finance in The Wharton School of the University of Pennsylvania.[2][3][4]

Andrew B. Abel
Born (1952-12-03) December 3, 1952 (age 66)
Alma materMassachusetts Institute of Technology
Princeton University
Scientific career
Doctoral advisorRudi Dornbusch[1]
Doctoral studentsAndrew Lo


Abel was born on December 3, 1952.[5] He has been named the Ronald A. Rosenfeld Professor since July 1, 2003[6] and the Professor of the Department of Finance in The Wharton School of the University of Pennsylvania. He received a PhD at the Massachusetts Institute of Technology (M.I.T.) in 1978 and BA, at Princeton University in 1974.[3][7]


Abel is a research associate at the National Bureau of Economic Research, a member of the advisory committee at the Carnegie-Rochester Conference Series, the Panel of Economic Advisors and the Long-Term Modeling Group of the Congressional Budget Office, and a visiting scholar at the Federal Reserve Bank of Philadelphia. He was a former faculty for economics at the University of Chicago and Harvard University. He also has been a visiting faculty member for economics departments at the Hebrew University of Jerusalem and Tel-Aviv University.[3][6][8] He has written an intermediate-level macroeconomics textbook coauthored with Ben Bernanke (and also Dean Croushore in later editions).

Honors, fellowships and grantsEdit

  • Phi Beta Kappa (1974)[5]
  • National Science Foundation Graduate Fellowship (1974–77)[5]
  • Research Fellowship, Federal Reserve Bank of Boston (1977–78)[5]
  • Grant from U.S. Department of Energy (1981–82)[5]
  • Grants from National Science Foundation (1982–91, 1993–1996)[5]
  • John Kenneth Galbraith Award for Excellence in Teaching (1984)[5]
  • Sloan Research Fellowship (1986–1988)[5]
  • Fellow of the Econometric Society (1991-)[5]
  • MBA Core Curriculum Cluster Award (1996–1997)[5]



  • Investment and the Value of Capital, Garland Publishing, Inc., New York, New York (1979)
  • Federal Reserve Bank of Boston, Report 65 (December 1978)
  • The Collected Papers of Franco Modigliani (editor), M.I.T. Press, Cambridge, Massachusetts, Volumes I, II, and III (1980)
  • Macroeconomics, Addison-Wesley Publishing, Reading Massachusetts, with Ben S. Bernanke (1992); sixth edition with Dean Croushore
  • Macroeconomics translated into Italian; second edition (1995)
  • Macroeconomics translated into Japanese; third edition (1998), fourth edition (2001)
  • Macroeconomics translated into Greek; fifth edition (2005)
  • Macroeconomics translated into Chinese; sixth edition (2008)
  • Macroeconomics, Canadian Edition, Addison-Wesley Publishers Limited, Don Mills, Ontario, Canada, with Ben S. Bernanke and Gregor W. Smith, Ronald D. Kneebone, first edition (1995)
  • Macroeconomics, European Edition, Addison Wesley Longman Limited, Essex, England, with Ben S. Bernanke and Robert McNabb (1998)


  1. ^ Abel, Andrew B. (1978). Investment and the value of capital (Ph.D.). MIT. Retrieved 22 October 2016.
  2. ^ "Andrew Abel's Upenn website". Retrieved February 1, 2015.
  3. ^ a b c Andrew B. Abel (February 15, 2010). "Financing the Federal Government: History and Prospects". Swarthmore College. Retrieved February 1, 2015.
  4. ^ "Andrew Abel on google scholar". Retrieved February 1, 2015.
  5. ^ a b c d e f g h i j "Andrew B. Abel's Curriculum Vitae" (PDF). Retrieved February 1, 2015.
  6. ^ a b "Ronald Rosenfeld Professor:Dr. Abel". Retrieved February 1, 2015.
  7. ^ "Wharton Upenn Profile". Retrieved February 1, 2015.
  8. ^ "Tel-Aviv". Retrieved February 1, 2015.

External linksEdit