Program for Resident Scholars

The Research and Statistics Group's Program for Resident Scholars brings to the Bank, for at least six months, outstanding researchers with an international reputation.

About the Program
resident scholar pictureResident 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 sixty-seven 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.
Current Resident Scholars
For the 2015-16 academic year, the Research and Statistics Group is pleased to have in residence Professor Robert Townsend of MIT and the University of Chicago, and Professor S. “Vish” Viswanathan of the Fuqua School of Business, Duke University.

Robert Townsend is the Elizabeth and James Killian Professor of Economics at MIT and a Research Professor at the University of Chicago. A theorist, macroeconomist, and development economist, Professor Townsend analyzes the role and impact of economic organization and financial systems through applied general equilibrium models, contract theory, and the use of micro data. He is known for his seminal work on costly state verification, the revelation principle, optimal multi-period contracts, decentralization of economies with private information, models of money with spatially separated agents, forecasting the forecasts of others, and insurance and credit in developing countries.
Robert Townsend

S. “Vish” Viswanathan is the F. M. Kirby Professor of Investment Banking at the Fuqua School of Business, Duke University. Professor Viswanathan’s research interests include financial intermediation, collateral, the interaction of financial intermediation and market microstructure, and the regulation of financial markets and the banking system. His recent research focuses on collateral, leverage, and market liquidity and on the definition of “illegal price manipulation.” He has served on the Federal Reserve Bank of New York Working Group on Capital Markets and the National Bureau of Economic Research Working Group on Market Microstructure.
S. “Vish” Viswanathan 

Previous Resident Scholars
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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