Program for Resident Scholars
The Research and Statistics Group's Program for Resident Scholars brings to the Bank outstanding researchers with an international reputation.
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About the Program
Resident scholars are selected from the top academic and policy institutions in fields related to the Bank’s broad policy interests. The scholars pursue their own research while providing intellectual leadership by advising and collaborating with our staff of more than sixty economists. They present their own work at Research Group seminars and attend presentations by others.

The resident scholars also work closely with the director of research, and have the opportunity to contribute to the Bank's main policymaking discussions on topics such as monetary policy and macroeconomics, international economics, banking supervision and regulation, capital markets, financial stability, and applied microeconomics with an emphasis on regional and national issues.

The program complements our Visiting Scholars Program, in which economists from major research institutions present their own work and make themselves available to discuss our staff's current research.
Resident Scholar for 2023-24
For the 2023-2024 academic year, the Research and Statistics Group is pleased to have in residence Viral V. Acharya, the C.V. Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business.

Acharya was a Deputy Governor at the Reserve Bank of India from January 2017 to July 2019, in charge of monetary policy, financial markets, financial stability, and research. He is a Research Associate of the National Bureau of Economic Research in corporate finance, a Research Affiliate at the Center for Economic Policy Research, and Research Associate of the European Corporate Governance Institute. He is or has been an Academic Advisor to the Federal Reserve Banks of Chicago, Cleveland, Kansas City, New York, and Philadelphia, as well as the Board of Governors, and provided academic expert service to the Bank for International Settlements, the International Monetary Fund, and the World Bank. He is a member of the Climate-related Financial Risk Advisory Committee of the Financial Stability Oversight Council for 2023-26, an invited member of the Bellagio Group of academics and policy makers from central banks and finance ministries since 2021, and a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York since 2020.

His primary research interest is in theoretical and empirical analysis of systemic risk of the financial sector, its regulation, and its genesis in government- and policy-induced distortions—an inquiry that cuts across several other strands of research: credit risk and liquidity risk, their interactions and agency-theoretic foundations, and their general equilibrium consequences, as well as climate-change related risks.

Viral V. Acharya 9/23-1/24

Previous Resident Scholars
Darrell Duffie 9/22-3/23  
Professor of Management and Professor of Finance at Stanford Graduate School of Business.
Simon Gilchrist 5/19-12/20 
Professor of Economics at New York University
Peter Diamond 04/19 
Institute Professor Emeritus at MIT
Peter Diamond 03/18 - 05/18 
Institute Professor Emeritus at MIT
Peter Diamond 03/17 - 05/17 
Institute Professor Emeritus at MIT
Kenneth D. West 01/17 - 06/17 
John D. MacArthur and Ragnar Frisch Professor of Economics at the University of Wisconsin-Madison
S. “Vish” Viswanathan 11/15 - 07/16 
F. M. Kirby Professor of Investment Banking, Fuqua School of Business, Duke University
Peter Diamond 02/16 - 05/16
Institute Professor Emeritus at MIT
Robert Townsend 09/14 - 05/15
Elizabeth and James Killian Professor of Economics, MIT, and Research Professor, University of Chicago
Peter Diamond 01/14 - 05/14
Institute Professor Emeritus at MIT
Simon Gilchrist 01/14 - 05/14
Professor of economics at Boston University and research associate at the National Bureau of Economic Research
Christopher Sims 01/12 - 12/13
Co-recipient of the 2011 Nobel Prize in Economics and John F. Sherrerd ’52 University Professor of Economics at Princeton University
Mark J. Flannery, 01/09 - 12/10
Bank of America Eminent Scholar in Finance at the University of Florida
Douglas Gale, 01/09 - 12/10
Silver Professor and Professor of Economics at New York University
Eric Ghysels, 12/08 - 08/09
Professor of Economics at the University of North Carolina at Chapel Hill
John Leahy, 01/08-12/08
Professor of Economics at New York University
Mark Gertler, 07/06-12/07
Henry and Lucy Moses Professor of Economics at New York University and Chair of the Economics Department
Suresh M. Sundaresan, 01/06-07/06
Chase Manhattan Bank Foundation Professor of Financial Institutions at Columbia Business School
Nobuhiro Kiyotaki, 08/05-07/06 
Cassel Professor of Economics at the London School of Economics
Jiang Wang, 09/04-04/05
Nanyang Technological University Professor of Finance at the MIT Sloan School of Management
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