Adam S. Posen is senior fellow at the Peterson Institute for International Economics (PIIE), where he has been working since 1997. He is also currently a member of the Monetary Policy Committee of the Bank of England, by appointment of the UK Chancellor of the Exchequer, until September 2012. His research focuses on macroeconomic policy and performance, European and Japanese political economy, central banking issues, and the resolution of financial crises.
A widely cited expert on monetary policy, he was previously a visiting scholar at central banks worldwide, including on multiple occasions at the Federal Reserve Board, the European Central Bank, and the Deutsche Bundesbank. He has also been a consultant to several US government agencies (including the Departments of State and Treasury, the Council of Economic Advisors, and the National Intelligence Council), the European Commission, the Japanese Ministry of Economy, Trade, and Industry, the UK Cabinet Office, and to the International Monetary Fund on a variety of economic and foreign policy issues. He is in his second two-year term as a member of the Panel of Economic Advisers to the US Congressional Budget Office, until summer 2011.
As the Institute's deputy director from 2007 to 2009, he led the Institute's outreach initiatives to press and the general public, including the creation of the in-house media center, organized investment and oversight of the Institute's new endowment with the Institute's Board, established relationships with a growing range of foundations and corporate supporters, and coordinated with partner research institutions on a number of joint multi-author projects. He also oversaw administration and finance for the Institute's $10 million annual budget and staff of over 50.
Dr. Posen is the author of the book Restoring Japan's Economic Growth (Institute for International Economics, 1998; Japanese translation, 1999), the coauthor with Ben Bernanke et al. of Inflation Targeting: Lessons from the International Experience (Princeton University Press, 1999), and the editor and part-author of three collected volumes: The Euro at 10: The Next Global Currency? (PIIE, 2009); The Euro at Five: Ready for a Global Role? (PIIE, 2005); and The Japanese Financial Crisis and its Parallels with U.S. Experience (PIIE, 2000; Japanese translation, 2001). He has also published more than three dozen papers on monetary and fiscal policy in leading economics journals, academic, and central bank conference volumes. His new book, The Limits of Export-Led Growth: Germany and the Future of Capitalism, will be published by the Institute in early 2010.
He writes a monthly column for the Eurointelligence Syndicate and for the German newspaper Welt am Sonntag. He has been a frequent contributor to the opinion pages and blogs of leading global publications, including the Financial Times, Foreign Affairs, National Journal, New York Times, Wall Street Journal, Washington Post, Die Zeit, and Nihon Keizai Shimbun, as well as a columnist for The International Economy magazine.
From 1994 to 1997, he was an economist at the Federal Reserve Bank of New York, where he advised senior management on monetary strategies, the G-7 economic outlook, and European monetary unification. In 1993–94, he was Okun Memorial Fellow in Economic Studies at the Brookings Institution and won the Amex Bank Review Awards Silver Medal for his dissertation research on central bank independence. In 1992–93, he was resident in Germany as a Bosch Foundation Fellow. He received his PhD and his AB (Phi Beta Kappa) from Harvard University, where he was a National Science Foundation Graduate Fellow. He is a member of the Council on Foreign Relations, the Trilateral Commission, the British-American Project, and the American Council on Germany and was a public policy fellow of the American Academy in Berlin in 2001 and a Houblon-Norman Fellow of the Bank of England in 2006.