Pearson eText Access Card for The Economics of Money, Banking and Financial Markets, Global Edition

Frederic S. Mishkin is the Alfred LernerProfessor of Banking and Financial Institutions at the Graduate School ofBusiness, Columbia University. He is also a Research Associate at the NationalBureau of Economic Research, co-director of the US Monetary Policy Forum, amember of the Squam Lake Working Group on Financial Reform, and past presidentof the Eastern Economics Association. Since receiving his PhD from theMassachusetts Institute of Technology in 1976, he has taught at the Universityof Chicago, Northwestern University, Princeton University, and Columbia. He hasalso received an honorary professorship from the People's (Renmin) Universityof China. From 1994 to 1997, he was Executive Vice President and Director of Researchat the Federal Reserve Bank of New York and an associate economist of theFederal Open Market Committee of the Federal Reserve System. From September2006 to August 2008, he was a member (governor) of the Board of Governors ofthe Federal Reserve System.

Professor Mishkin's research focuses on monetary policy and itsimpact on financial markets and the aggregate economy. He is the author of morethan twenty books, including Macroeconomics: Policy and Practice, 2ndEdition (Pearson, 2015); Financial Markets and Institutions, 9thEdition (Pearson, 2018); Monetary Policy Strategy (MIT Press,2007); The Next Great Globalization: How Disadvantaged Nations CanHarness Their Financial Systems to Get Rich (Princeton UniversityPress, 2006); Inflation Targeting: Lessons from the InternationalExperience (Princeton University Press, 1999); Money, InterestRates, and Inflation (Edward Elgar, 1993); and A RationalExpectations Approach to Macroeconometrics: Testing Policy Ineffectivenessand Efficient Markets Models (University of Chicago Press, 1983). Inaddition, he has published more than 200 articles in such journals as AmericanEconomic Review, Journal of Political Economy, Econometrica, QuarterlyJournal of Economics, Journal of Finance, and Journal of MonetaryEconomics.



Professor Mishkin has served on the editorial board of AmericanEconomic Review and has been an associate editor at Journal ofBusiness and Economic Statistics, Journal of Applied Econometrics, Journal ofEconomic Perspectives, Journal of International Money and Finance, and Journalof Money, Credit and Banking; he also served as the editor of the FederalReserve Bank of New York's Economic Policy Review. He is currentlyan associate editor (member of the editorial board) at six academic journals,including International Finance; Finance India; Review of DevelopmentFinance; Borsa Economic Review; PSU Research Review and EmergingMarkets, and Finance and Trade. He has been a consultantto the Board of Governors of the Federal Reserve System, the World Bank, andthe International Monetary Fund, as well as to many central banks throughoutthe world. He was also a member of the International Advisory Board to theFinancial Supervisory Service of South Korea and an advisor to the Institutefor Monetary and Economic Research at the Bank of Korea. Professor Mishkin wasa Senior Fellow at the Federal Deposit Insurance Corporation's Center forBanking Research and was an academic consultant to and serves on the EconomicAdvisory Panel and Monetary Advisory Panel of the Federal Reserve Bank of NewYork.
Frederic S. Mishkin is the Alfred LernerProfessor of Banking and Financial Institutions at the Graduate School ofBusiness, Columbia University. He is also a Research Associate at the NationalBureau of Economic Research, co-director of the US Monetary Policy Forum, amember of the Squam Lake Working Group on Financial Reform, and past presidentof the Eastern Economics Association. Since receiving his PhD from theMassachusetts Institute of Technology in 1976, he has taught at the Universityof Chicago, Northwestern University, Princeton University, and Columbia. He hasalso received an honorary professorship from the People's (Renmin) Universityof China. From 1994 to 1997, he was Executive Vice President and Director of Researchat the Federal Reserve Bank of New York and an associate economist of theFederal Open Market Committee of the Federal Reserve System. From September2006 to August 2008, he was a member (governor) of the Board of Governors ofthe Federal Reserve System.

Professor Mishkin's research focuses on monetary policy and itsimpact on financial markets and the aggregate economy. He is the author of morethan twenty books, including Macroeconomics: Policy and Practice, 2ndEdition (Pearson, 2015); Financial Markets and Institutions, 9thEdition (Pearson, 2018); Monetary Policy Strategy (MIT Press,2007); The Next Great Globalization: How Disadvantaged Nations CanHarness Their Financial Systems to Get Rich (Princeton UniversityPress, 2006); Inflation Targeting: Lessons from the InternationalExperience (Princeton University Press, 1999); Money, InterestRates, and Inflation (Edward Elgar, 1993); and A RationalExpectations Approach to Macroeconometrics: Testing Policy Ineffectivenessand Efficient Markets Models (University of Chicago Press, 1983). Inaddition, he has published more than 200 articles in such journals as AmericanEconomic Review, Journal of Political Economy, Econometrica, QuarterlyJournal of Economics, Journal of Finance, and Journal of MonetaryEconomics.



Professor Mishkin has served on the editorial board of AmericanEconomic Review and has been an associate editor at Journal ofBusiness and Economic Statistics, Journal of Applied Econometrics, Journal ofEconomic Perspectives, Journal of International Money and Finance, and Journalof Money, Credit and Banking; he also served as the editor of the FederalReserve Bank of New York's Economic Policy Review. He is currentlyan associate editor (member of the editorial board) at six academic journals,including International Finance; Finance India; Review of DevelopmentFinance; Borsa Economic Review; PSU Research Review and EmergingMarkets, and Finance and Trade. He has been a consultantto the Board of Governors of the Federal Reserve System, the World Bank, andthe International Monetary Fund, as well as to many central banks throughoutthe world. He was also a member of the International Advisory Board to theFinancial Supervisory Service of South Korea and an advisor to the Institutefor Monetary and Economic Research at the Bank of Korea. Professor Mishkin wasa Senior Fellow at the Federal Deposit Insurance Corporation's Center forBanking Research and was an academic consultant to and serves on the EconomicAdvisory Panel and Monetary Advisory Panel of the Federal Reserve Bank of NewYork.