Ellen McGrattan is an American macroeconomist who is Professor of Economics at the University of Minnesota and past director of the Heller-Hurwicz Economics Institute, and consults for the Federal Reserve Bank of Minneapolis.
[1] McGrattan's professional honors include being a research associate at the National Bureau of Economic Research, a Fellow of the Econometric Society, a Fellow of the Society for the Advancement of Economic Theory.
[1] McGrattan is a macroeconomist who studies the effects of monetary policy and fiscal policy on observable economic outcomes, such as gross domestic product, investment, time allocation, stock market variables, and international capital flows.
[1][3][4] She has extended real business-cycle theory and reexamined puzzles in the study of business cycles, including (in joint work with Edward C. Prescott) the role of unmeasured investment in the 1990s United States boom.
[6] Other joint work with Prescott has studied the financing of pensions in countries with population aging.