Narayana Kocherlakota, most recently president of the Federal Reserve Bank of Minneapolis and a leading scholar of monetary and financial economics, has been appointed as the inaugural Lionel W. McKenzie Professor of Economics. The Board of Trustees approved the appointment in January.
Kocherlakota served as the president of the Minneapolis Federal Reserve Bank for the past six years. Previously, he held faculty positions at Northwestern University, the University of Iowa, Stanford University, and at the University of Minnesota, where he also served as the chair of the economics department.
His past research includes theoretical and empirical contributions to many fields in economics, including the economics of money and payments, business cycles, financial economics, public finance, and dynamic games/contracts. He has published more than 50 articles in academic journals, and, in 2010, Princeton University Press published his book “The New Dynamic Public Finance.” He was named a Fellow of the Econometric Society in 2005. His current research is on monetary policy.
Kocherlakota received his bachelor’s degree in mathematics from Princeton University and a PhD in economics from the University of Chicago.