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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Board Members

Frederic S. Mishkin

Photo of Frederic S. Mishkin

Frederic S. Mishkin took office on September 5, 2006, to fill an unexpired term ending January 31, 2014.

Before becoming a member of the Board, Dr. Mishkin was the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University, from 1999 to 2006. Prior to that he was the A. Barton Hepburn Professor of Economics from 1991 to 1999 and professor at the Graduate School of Business from 1983 to 1991. He was also a research associate at the National Bureau of Economic Research (1980 to 2006) and a senior fellow at the Federal Deposit Insurance Corporation's Center for Banking Research (2003 to 2006). Dr. Mishkin has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia University.

Before joining the Board, Dr. Mishkin served the Federal Reserve System in several roles. 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 Federal Open Market Committee of the Federal Reserve System. Dr. Mishkin was the editor of the Federal Reserve Bank of New York's Economic Policy Review and later served on that journal's editorial board. From 1997 to 2006, he also was an academic consultant to and served on the Economic Advisory Panel of the Federal Reserve Bank of New York. Dr. Mishkin has been an academic consultant to the Board of Governors and a visiting scholar at the Board's Division of International Finance.

Dr. Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than fifteen books and has published numerous articles in professional journals and books. Dr. Mishkin has served on the editorial board of the American Economic Review and has been an associate editor at the Journal of Business and Economic Statistics, the Journal of Applied Econometrics, and the Journal of Economic Perspectives. He is currently an associate editor (member of the editorial board) at the Journal of Money, Credit and Banking; Macroeconomics and Monetary Economics Abstracts; Journal of International Money and Finance; International Finance; and Finance India.

Dr. Mishkin has been a consultant to the World Bank, the Inter-American Development Bank, and the International Monetary Fund, as well as to 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 adviser to the Institute for Monetary and Economic Research at the Bank of Korea.

Dr. Mishkin was born in January 1951 in New York, New York. He received a B.S. (1973) and Ph.D. (1976), both in economics, from the Massachusetts Institute of Technology. In 1999, he received an honorary professorship from the Peoples (Renmin) University of China.

Dr. Mishkin is married and has two children.

 
Last update: February 22, 2008