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| Program for Resident Scholars |
| The Research and Statistics Group's Program for Resident Scholars brings to the Bank, for at least six months, outstanding researchers with an international reputation. |
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| Resident scholars are selected from the top academic and policy institutions in fields relating to the Bank’s broad policy interests. The scholars pursue their own research while providing intellectual leadership by advising and collaborating with our staff of more than fifty economists. They present their own work at Research Group seminars and attend presentations by others.
The resident scholars also work closely with the director of research, and have the opportunity to contribute to the Bank's main policymaking discussions on topics such as monetary policy and macroeconomics, international economics, banking supervision and regulation, capital markets, financial stability, and applied microeconomics with an emphasis on regional and national issues. The program complements our Visiting Scholars Program, in which economists from major research institutions are invited to present their own work and make themselves available to discuss our staff's current research. |
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| For the 2009-10 academic year, the Research and Statistics Group is pleased to have in residence two outstanding researchers: Mark Flannery, BankAmerica Eminent Scholar in Finance at the University of Florida’s Graduate School of Business Administration, and Douglas Gale, Silver Professor and professor of economics at New York University.
Professor Flannery is a prolific and influential scholar who has written on a wide variety of topics in banking and finance. His work has appeared in leading journals such as the American Economic Review, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Monetary Economics. He served as an editor of the Journal of Money, Credit, and Banking and has been an associate editor at numerous other finance journals. He was codirector of the Federal Deposit Insurance Corporation’s Center for Financial Research and is president of the Financial Intermediation Research Society. Professor Flannery has been a member of the Federal Reserve Bank of New York’s Financial Advisory Roundtable since its inception in 2006 and was a visiting scholar here in the fall of 2006. Mark Flannery  |
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| Professor Gale enjoys an international reputation in the field of financial economics. He has taught at the London School of Economics, the University of Pennsylvania, and the Massachusetts Institute of Technology. In addition to authoring and coauthoring several scholarly volumes, he has published on money and banking, the microstructure of markets, and the foundations of macroeconomics in such journals as the American Economic Review, Econometrica, and the Review of Financial Studies.
Professor Gale has served on various editorial boards, including the boards of Econometrica, the Journal of Economic Theory, and the Review of Economic Studies. He is a fellow of the Econometric Society and a former member of the Economics Advisory Panel of the National Science Foundation. He has been a visiting scholar at the Federal Reserve Bank of New York, and was chair of New York University’s Economics Department from 1999 to 2003. Douglas Gale
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| Eric Ghysels, 12/08 - 08/09 Professor of Economics at the University of North Carolina at Chapel Hill |
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| John Leahy, 01/08-12/08 Professor of Economics at New York University |
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| Mark Gertler, 07/06-12/07 Henry and Lucy Moses Professor of Economics at New York University and Chair of the Economics Department |
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| Suresh M. Sundaresan, 01/06-07/06 Chase Manhattan Bank Foundation Professor of Financial Institutions at Columbia Business School |
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| Nobuhiro Kiyotaki, 08/05-07/06 Cassel Professor of Economics at the London School of Economics |
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Jiang Wang, 09/04-04/05 |
