Bernanke wrote his doctoral dissertation on the implications of uncertainty for investment and the dynamics of the business cycle under the supervision of Stanley Fischer, Rudiger Dornbusch, and Robert Solow.
He taught at Stanford’s Graduate School of Business for several years before joining the Princeton faculty, where he remained until 2002. After serving on the MIT faculty for one year, he joined the University of Chicago faculty where he has been, in various capacities, ever since.
Between 20, Bernanke served as a Governor of the Federal Reserve Board. Later that year, President Bush nominated him to succeed Alan Greenspan as Chairman of the Federal Reserve Board. He is a leading expert in industrial organization, and is well known for his theoretical and empirical examinations of demand uncertainty, price rigidity, and his wide ranging work in antitrust economics including most recently work on tie-in sales. In 1977, Carlton became associated with and eventually became president of Lexecon, an economics consulting firm that today has more than 100 employees and is one of the nation’s leading litigation support firms.
He has served as Chairman of the Federal Reserve Board since February 1, 2006. Carlton has recently put his industrial organization expertise to work in a policy-making context.
He is responsible for supervising the Division’s economists and for providing research to support the antitrust activities of the Justice Department. From 1997 to 2000 he was a Professor and head of post-graduate studies at the Center of Applied Economics at the Universidad de Chile.
In 2000, he entered the government, simultaneously occupying three cabinet positions as minister of Economy, Mining, and Energy, and also serving as Chairman of the Board of the publicly owned mining companies.
Our Graduates These former students, featured in our brochure, illustrate some of the varied accomplishments of MIT Economics alumni. Prior to entering public service, he compiled a stellar record as a scholar and teacher in the field of monetary economics.
In 2001 he was named to the board of the Central Bank of Chile. from the MIT Economics Department in 1976 and a Ph. in Financial Economics from the Sloan School of Management in 1982.In 2003 he became Vice-Governor, and then in 2007 became the Governor. Hawkins is the Chief Risk Officer for Global Real Estate and Mortgages at Citigroup. He began his career as a faculty member at the University of California, Berkeley, and then left academia a few years later for a position at Solomon Brothers.He was the sole economist to serve on the Antitrust Modernization Commission, a twelve member Congressional commission that issued a major report on reexamination of the antitrust laws. From 1990 to 1994 he worked as an economist in the research department of the International Monetary Fund.In 2006, he became the Deputy Assistant Attorney General for Economic Analysis in the Antitrust Division at the Department of Justice. He then returned to Chile where he served from 1994 to 1997 as the Coordinator of Economic Policy at the Ministry of Finance.Bernanke’s research focused on the role of monetary policy in affecting economic activity, and on the historical analysis of the causes of the Great Depression. Carlton was a member of the Economics Department faculty from 1976 until 1980, and a member of the University of Chicago Law School faculty from 1980 to 1984.
In addition to his research activities, he was department chair at Princeton from 1996 to 2002, editor of the American Economic Review, co-author of two textbooks, and director of the Monetary Economics Program at the National Bureau of Economic Research. 1983) as Chairman of the President’s Council of Economic Advisers. In 1984, Carlton became a professor at the Chicago Graduate School of Business. 1976) are the co-authors of Modern Industrial Organization, a leading textbook in that field.