Money, Banking and Financial Markets

Über die Autorinnen und Autoren

Kermit L. Schoenholtz is ClinicalProfessor Emeritus in the Department of Economics
of New York University’sLeonard N. Stern School of Business, where he taught courses on money andbanking for more than a decade (www.stern.nyu.edu/faculty/bio/kimschoenholtz).He also directed NYU Stern’sCenter for Global Economy and Business (www.stern.nyu.edu/cgeb).Schoenholtz was Citigroup’sglobal chief economist from 1997 until 2005.

Schoenholtz joined Salomon Brothers in 1986, working in itsNew York, Tokyo, and London offices. In 1997, he became chief economist atSalomon, after which he became chief economist at Salomon Smith Barney and laterat Citigroup.

Schoenholtz has published extensively about financial, economic,and policy developments. He is a member of the Council on Foreign Relations.Previously, he served on the Financial Research Advisory Committee of the U.S.Treasury’s Officeof Financial Research, as a panel member of the U.S. Monetary Policy Forum, andas a member of the Executive Committee of the London-based Centre for EconomicPolicy Research.

From 1983 to 1985, Schoenholtz was a Visiting Scholar at theBank of Japan’sInstitute for Monetary and Economic Studies. He received an MPhil in economics fromYale University in 1982 and an AB from Brown University in 1977.

Stephen Cecchetti is currently Professor of International Economics and Finance at the International Business School, Brandeis University, and Director of Research at the Rosenberg Institute for Global Finance. He is also a Research Associate of the National Bureau of Economic Research, an organization of distinguished academic economists who specialize in policy-oriented empirical studies of national and world economies, and a consultant to central banks around the world. He is currently serving as a consultant to the European Central Bank's Inflation Persistence Project. Prior to joining the faculty at Brandeis, he was Professor of Economics at Ohio State University. From August 1997 to September 1999, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York, as well as Associate Economist of the Federal Open Market Committee. Professor Cecchetti received a S.B. in Economics from M.I.T. in 1977, and a Ph.D. in Economics from the University of California at Berkeley in 1982.