University of Chicago GSB

U.S. Monetary Policy Forum

Anil Kashyap ​Frederic S. Mishkin

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business at Columbia University. He is a research associate at the NBER, a member of the Squam Lake Working Group on Financial Reform, and the codirector of the USMPF. From September 2006 to August 2008 he was a member (governor) of the Board of Governors of the Federal Reserve System. He has been a senior fellow at the FDIC Center for Banking Research and is a past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern, Princeton, and Columbia. He has also received an honorary professorship from the People's (Renmin) University of China. From 1994 to 1997 he was executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the FOMC.

Mishkin's research focuses on monetary and regulatory policies and their impact on financial markets and the aggregate economy. He is the author of The Economics of Money, Banking and Financial Markets, the number one-selling textbook in its field. He has published more than 20 other books and over two hundred articles in professional journals and books.

Mishkin served on the editorial board of the American Economic Review and has been an editor of the Federal Reserve Bank of New York's Economic Policy Review. He is currently an associate editor or member of the editorial board at five academic journals. He has been a consultant to the Board of Governors of the Federal Reserve System, the World Bank, the Inter-American Development Bank, the IMF, and numerous central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an advisor to the Institute for Monetary and Economics Research at the Bank of Korea.