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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. |
| 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. |
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. |
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John Leahy |
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.
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| 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 |
| Mark Gertler, 07/06-12/07 Henry and Lucy Moses Professor of Economics at New York University and Chair of the Economics Department |
| Suresh M. Sundaresan, 01/06-07/06 Chase Manhattan Bank Foundation Professor of Financial Institutions at Columbia Business School |
| Nobuhiro Kiyotaki, 08/05-07/06 Cassel Professor of Economics at the London School of Economics |
| Jiang Wang, 09/04-04/05 Nanyang Technological University Professor of Finance, Sloan School of Management, MIT |
