2017 Yates Lecture: Anil Kashyap
Macroprudential Regulation: Will it Prevent Financial Crises?
Edward Eagle Brown Professor of Economics and Finance, University of Chicago Booth School of Business
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Anil K. Kashyap, the Edward Eagle Brown Professor of Economics and Finance at the University of Chicago Booth School of Business, focuses his research on focuses on banking, business cycles, corporate finance, price setting, and monetary policy. He is the recipient of numerous awards for his research, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, and a Senior Houblon-Norman Fellowship from the Bank of England.
Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for the Board of Governors for the Federal Reserve System. He currently works as a consultant for the Federal Reserve Bank of Chicago and serves as a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of Economic Research (NBER). He is on the Congressional Budget Office’s Panel of Economic Advisers, serves on the Board of Directors of the Bank of Italy’s Einuadi Institute of Economics and Finance and is an advisor to the Swedish Riksbank and the Economic and Social Research Institute in Japan. He is a member of the Squam Lake Group and serves on the International Monetary Fund’s Advisory Group on the development of a macro-prudential policy framework.
Professor Kashyap is also one of the academic members of the Bellagio Group (whose non-academic members consist of the Deputy Central Bank Governors and Vice Ministers of Finance of the G7 countries). He is a member of both the American Economic Association (AEA) and American Finance Association and is a co-founder of the US Monetary Policy Forum.
He regularly speaks on financial crises, Japan, the global economy, and the direction of economic policy.
He graduated from the University of California at Davis in 1982 with a bachelor’s degree in economics and statistics with highest honors. In 1989, he earned a PhD from the Massachusetts Institute of Technology.