Simon Business School
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Faculty Profile

Narayana Kocherlakota
Office: 202 Harkness Hall

Bio

Narayana Kocherlakota, Lionel W. McKenzie Professor of Economics, received a PhD in economics from The University of Chicago in 1987, under the guidance of Lars Peter Hansen and Jose Scheinkman (Rochester PhD and Lionel McKenzie student). Since that time, he has held academic appointments at a number of institutions, including Stanford University, Northwestern University, The University of Iowa, and the University of Minnesota. He was the President and CEO of the Federal Reserve Bank of Minneapolis from 2009-2015. As part of his responsibilities in that position, he served on the Federal Open Market Committee (FOMC), the monetary policymaking arm of the Federal Reserve System.<br><br>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. His current research is on monetary policy.<br><br>As a member of the FOMC, he spoke and wrote about a number of aspects of economic policy. As a professor, he intends to continue to write about economic policy. Additionally he holds a joint appointment in the Simon Business School.

Education

The University of Chicago - 1987
Ph D
Economics
Princeton - 1983
AB
Mathematics

Publications

2020
Analytical Formulae for Accurately Sized t-tests in the Single Instrument Case
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Economics Letters
2019
Practical Policy Evaluation
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Monetary Economics
2019
Public Goods with Ambiguity in Large Economies
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Economic Theory
2019
The Future of the Zero Lower Bound Problem
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of International Money and Finance
2017
The Decentralized Central Bank: A Review Essay onThe Power and Independence of the Federal Reserve
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Economic Literature
2016
Rules versus Discretion: A Reconsideration
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Brookings Papers on Economic Activity
2014
"Comment on ‘Quantifying the Lasting Harm of the Financial Crisis to the US Economy,’ by Robert Hall"
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: NBER Macro Annual
2014
Internal Debt Crises and Sovereign Default
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Monetary Economics
2013
"Two Models of Land Overvaluation and Their Implications," in The Origins, History, and Future of the Federal Reserve
Contribution Type: Book, Chapter in Scholarly Book-New
Journal/Publisher/Proceedings Publisher: Cambridge University Press
2012
Central Bank Independence and Sovereign Default
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Banque de France Financial Stability Review
2010
Modern Macroeconomic Models as Tools for Policy
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: 2009 Annual Report, Federal Reserve Bank of Minneapolis
2010
NonseparablePreferences and Optimal Social Security Systems
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Economic Theory
2010
The New Dynamic Public Finance
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: Princeton University Press
various 1990-2009 (see CV)
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