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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.
 
About the Program
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 scholars are considered members of the Research Group, and are offered access to resources on the same basis as other key Bank staff.

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.
 
Current Resident Scholars

This year, the Research and Statistics Group is pleased to host two resident scholars: John Leahy, professor of economics at New York University, and Eric Ghysels, Edward M. Bernstein Distinguished Professor of Economics at the University of North Carolina at Chapel Hill and professor of finance at the university’s Kenan-Flagler Business School. Professor Leahy’s term runs through the end of 2008; Professor Ghysels will be in residence through June 2009.

Professor Leahy is a nationally prominent researcher in the fields of macroeconomics, economic theory, and behavioral economics. His work has appeared in the Journal of Economic Theory, the American Economic Review, the Journal of Monetary Economics, and the Journal of Political Economy. Professor Leahy is an associate editor of the American Economic Review and the Review of Economics and Statistics. He has served on the editorial boards of several other academic journals and has been a co-organizer of several NBER research meetings and workshops.

For the past six years, Professor Leahy has been a visiting scholar at the Federal Reserve Banks of New York, Philadelphia, and Kansas City.

John Leahy offsite

Professor Ghysels is a highly respected authority on time series econometrics and finance. He has published extensively in such leading journals as the Journal of the American Statistical Association, the Journal of Econometrics, the Journal of Finance, the Journal of Financial Economics, the Review of Economics and Statistics, and the Review of Financial Studies. Professor Ghysels is past co-editor of the Journal of Business and Economic Statistics and current co-editor of the Journal of Financial Econometrics. He has served on the editorial boards of several other academic journals, was chair of the Business and Economic Statistics Section of the American Statistical Association, and is the founding co-president of the Society for Financial Econometrics.

For the past fifteen years, Professor Ghysels has been an occasional visiting scholar at the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York.
Eric Ghysels offsite

 
Resident Scholar, 2009-10
Mark Flannery will be our resident scholar for the 2009-10 academic year, beginning in August 2009. He is the BankAmerica Eminent Scholar in Finance at the Graduate School of Business Administration at the University of Florida.

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 a co-director of the Federal Deposit Insurance Corporation's Center for Financial Research, and is incoming 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 visitor here in the fall of 2006.
Mark Flannery offsite
 
Previous Resident Scholars
Mark Gertler, 07/06-12/07 offsite
Henry and Lucy Moses Professor of Economics at New York University and Chair of the Economics Department
Suresh M. Sundaresan, 01/06-07/06 offsite
Chase Manhattan Bank Foundation Professor of Financial Institutions at Columbia Business School
Nobuhiro Kiyotaki, 08/05-07/06 offsite
Cassel Professor of Economics at the London School of Economics
Jiang Wang, 09/04-04/05 offsite
Nanyang Technological University Professor of Finance, Sloan School of Management, MIT