Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions

at the Graduate School of Business, Columbia University. He is also a Research Associate at the

National Bureau of Economic Research, a Senior Fellow at the FDIC Center for Banking

Research, and is currently the President of the Eastern Economic Association. Since receiving

his Ph.D. from the Massachusetts Institute of Technology in 1976, he has taught at the

University of Chicago, Northwestern University, Princeton University and Columbia. He has

also received an honorary professorship from the Peoples (Renmin) University of China. 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 of the Federal Open Market Committee of the

Federal Reserve System.

Professor Mishkin's research focuses on monetary policy and its impact on financial

markets and the aggregate economy. He is the author of The Economics of Money, Banking and

Financial Markets, 7th Edition (Addison Wesley Longman, 2004), the number one selling

textbook in its field. In addition he is the author of more than ten other books, including

Inflation Targeting: Lessons from the International Experience (Princeton University Press,

1999), Money, Interest Rates, and Inflation (Edward Elgar, 1993), Financial Markets and

Institutions, 4th edition (Addison Wesley Longman, 2003), A Rational Expectations Approach

to Macroeconometrics: Testing Policy Ineffectiveness and Efficient Markets Models (University

of Chicago Press, 1983), and has published over one hundred articles in professional journals

and books.

Professor Mishkin has served on the editorial board of the American Economic Review,

has been an associate editor at the Journal of Business and Economic Statistics, Journal of

Applied Econometrics, and the Journal of Economic Perspectives, and was the editor of the

Federal Reserve Bank of New York's, Economic Policy Review. He is currently an associate

editor (member of the editorial board) at six academic journals, including the Journal of Money,

Credit and Banking, Macroeconomics and Monetary Economics Abstracts, Journal of

International Money and Finance, International Finance, Finance India, and Economic Policy

Review. He has been a consultant to the Board of Governors of the Federal Reserve System, 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. He is

currently an academic consultant to and serves on the Economic Advisory Panel of the Federal

Reserve Bank of New York.