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Frederic S. Mishkin

  • Governor, Board of Governors, 2006–2008

Frederic S. Mishkin was appointed to the Board of Governors of the Federal Reserve System on September 5, 2006, to fill an unexpired term ending January 31, 2014. He resigned on August 31, 2008.   

Mishkin was born in New York City. He received a bachelor’s degree in 1973 and a doctorate in 1976, both in economics, from the Massachusetts Institute of Technology. In 1999, he received an honorary professorship from the People’s (Renmin) University of China.

From 1999 to 2006, Mishkin was the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. Before 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 (1980–2006) and a senior fellow at the Federal Deposit Insurance Corporation’s Center for Banking Research (2003–06). In addition, Mishkin has taught at the University of Chicago, Northwestern University, and Princeton University.

Before joining the Board of Governors, 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 for the Federal Open Market Committee. He also was the editor of the New York Fed’s Economic Policy Review and later served on that journal’s editorial board. From 1997 to 2006, he was an academic consultant to and served on the Economic Advisory Panel of the New York Fed. Mishkin has been an academic consultant to the Board of Governors and a visiting scholar at the Board’s Division of International Finance. After leaving the Board, Mishkin returned to his teaching duties at Columbia University.

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. 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.

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.

Mishkin is married and has two children.

Written by the Board of Governors of the Federal Reserve System. See disclaimer.