Adam Posen
Encyclopedia
Adam S. Posen is an American economist
, a member of the Monetary Policy Committee
of the Bank of England
(2009–present) and a senior fellow at the Peterson Institute for International Economics (1997–present; deputy director 2007 - 2009). He also sits on the panel of economic advisers to the United States Congressional Budget Office
.
Posen's other positions include being a member of the Council on Foreign Relations
and the Trilateral Commission
, a research associate of the Center for the Japanese Economy and Business of Columbia University
, a fellow of the CESifo Research Network, and a member of the Bellagio Group of the international finance officials and scholars. He has been the recipient of major research grants from the European Commission
, the Sloan Foundation, the Ford Foundation
, and the German Marshall Fund
of the United States. He is currently married and living in London.
in Political Economy and Government from Harvard University, where he was a National Science Foundation (NSF) Graduate Fellow, after graduating from Harvard College in 1988. His research focuses on macroeconomic policy in the industrial democracies, G-20 economic relations, the resolution of financial crises, and central banking issues. He has been a consultant to the IMF and to several US government agencies, as well as to the British and Japanese Cabinet Offices, and a visiting scholar at central banks worldwide. From 1994 to 1997, he was an economist in international research at the Federal Reserve Bank of New York
and from 1993 to 1994 was Okun Memorial Fellow in Economic Studies at the Brookings Institution
. He was a Bosch Foundation Fellow
in Germany in 1992 to 1993, where he worked for the Bundesbank in Frankfurt and for Deutsche Bank
in Berlin. He has also been a Public Policy Fellow at the American Academy in Berlin
(2001). In 2006 he was a Houblon-Norman Senior Fellow at the Bank of England
, on sabbatical from PIIE. From 2004 until his appointment to the MPC, Posen played a leadership role at PIIE in the recruitment of senior scholars, corporate fundraising and endowment management, and strategic planning, under C. Fred Bergsten
, the Institute's Director.
, Chairman of the Board of Governors of the Federal Reserve System in the US, et al), and a series of articles on the political economy of central bank independence, as well as more recent works on the global roles of the dollar and the euro. Posen previously was a columnist for the International Economy magazine, the German newspaper Welt am Sonntag
and for Eurointelligence syndicate. He has been published and cited frequently in Business Week, the Economist
, the Financial Times
, Foreign Affairs
, Handelsblatt
, The Independent
, National Journal
, New York Times, Wall Street Journal, Washington Post, Die Zeit
, and Nihon Keizai Shimbun
, among other publications globally.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
, a member of the Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
(2009–present) and a senior fellow at the Peterson Institute for International Economics (1997–present; deputy director 2007 - 2009). He also sits on the panel of economic advisers to the United States Congressional Budget Office
Congressional Budget Office
The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides economic data to Congress....
.
Posen's other positions include being a member of the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
and the Trilateral Commission
Trilateral Commission
The Trilateral Commission is a non-governmental, non-partisan discussion group founded by David Rockefeller in July 1973 to foster closer cooperation among the United States, Europe and Japan.-History:...
, a research associate of the Center for the Japanese Economy and Business of Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
, a fellow of the CESifo Research Network, and a member of the Bellagio Group of the international finance officials and scholars. He has been the recipient of major research grants from the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
, the Sloan Foundation, the Ford Foundation
Ford Foundation
The Ford Foundation is a private foundation incorporated in Michigan and based in New York City created to fund programs that were chartered in 1936 by Edsel Ford and Henry Ford....
, and the German Marshall Fund
German Marshall Fund
The German Marshall Fund of the United States is a nonpartisan American public policy and grantmaking institution dedicated to promoting greater cooperation and understanding between North America and Europe....
of the United States. He is currently married and living in London.
Biography
Posen received a PhDPHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
in Political Economy and Government from Harvard University, where he was a National Science Foundation (NSF) Graduate Fellow, after graduating from Harvard College in 1988. His research focuses on macroeconomic policy in the industrial democracies, G-20 economic relations, the resolution of financial crises, and central banking issues. He has been a consultant to the IMF and to several US government agencies, as well as to the British and Japanese Cabinet Offices, and a visiting scholar at central banks worldwide. From 1994 to 1997, he was an economist in international research at the Federal Reserve Bank of New York
Federal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,...
and from 1993 to 1994 was Okun Memorial Fellow in Economic Studies at the Brookings Institution
Brookings Institution
The Brookings Institution is a nonprofit public policy organization based in Washington, D.C., in the United States. One of Washington's oldest think tanks, Brookings conducts research and education in the social sciences, primarily in economics, metropolitan policy, governance, foreign policy, and...
. He was a Bosch Foundation Fellow
Bosch fellowship
The Robert Bosch Fellowship Program was established in 1984 to promote closer US-German ties. It is fully funded by Robert Bosch Foundation , one of the largest foundations in Germany....
in Germany in 1992 to 1993, where he worked for the Bundesbank in Frankfurt and for Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
in Berlin. He has also been a Public Policy Fellow at the American Academy in Berlin
American Academy in Berlin
The American Academy in Berlin is a research and cultural institution in Berlin whose stated mission is to foster a greater understanding and dialogue between the people of the United States and the people of Germany.The American Academy was founded in September 1994 by a group of prominent...
(2001). In 2006 he was a Houblon-Norman Senior Fellow at the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
, on sabbatical from PIIE. From 2004 until his appointment to the MPC, Posen played a leadership role at PIIE in the recruitment of senior scholars, corporate fundraising and endowment management, and strategic planning, under C. Fred Bergsten
C. Fred Bergsten
C. Fred Bergsten is an American economist, author, and political adviser. He has served as Assistant Secretary for International Affairs at the U.S. Treasury Department and has been director of the Peterson Institute for International Economics, formerly the Institute for International Economics,...
, the Institute's Director.
Writing
His most cited and influential publications include the books Restoring Japan's Economic Growth (1998) and Inflation Targeting: Lessons from the International Experience (1999, co-authored with Ben BernankeBen Bernanke
Ben Shalom Bernanke is an American economist, and the current Chairman of the Federal Reserve, the central bank of the United States. During his tenure as Chairman, Bernanke has overseen the response of the Federal Reserve to late-2000s financial crisis....
, Chairman of the Board of Governors of the Federal Reserve System in the US, et al), and a series of articles on the political economy of central bank independence, as well as more recent works on the global roles of the dollar and the euro. Posen previously was a columnist for the International Economy magazine, the German newspaper Welt am Sonntag
Welt am Sonntag
Welt am Sonntag is a German national Sunday newspaper published by Axel Springer AG, and established in 1948. Its head office is in Berlin, and it has local editions for Berlin, Hamburg, Munich and Düsseldorf....
and for Eurointelligence syndicate. He has been published and cited frequently in Business Week, the Economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
, the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
, Foreign Affairs
Foreign Affairs
Foreign Affairs is an American magazine and website on international relations and U.S. foreign policy published since 1922 by the Council on Foreign Relations six times annually...
, Handelsblatt
Handelsblatt
The Handelsblatt is a leading German language business newspaper, published in Düsseldorf by the Verlagsgruppe Handelsblatt. It has a circulation of 145.437 daily copies. Its editor-in-chief is Gabor Steingart...
, The Independent
The Independent
The Independent is a British national morning newspaper published in London by Independent Print Limited, owned by Alexander Lebedev since 2010. It is nicknamed the Indy, while the Sunday edition, The Independent on Sunday, is the Sindy. Launched in 1986, it is one of the youngest UK national daily...
, National Journal
National Journal
National Journal is a nonpartisan American weekly magazine that reports on the current political environment and emerging political and policy trends. National Journal was first published in 1969. Times Mirror owned the magazine from 1986 to 1997, when it was purchased by David G. Bradley...
, New York Times, Wall Street Journal, Washington Post, Die Zeit
Die Zeit
Die Zeit is a German nationwide weekly newspaper that is highly respected for its quality journalism.With a circulation of 488,036 and an estimated readership of slightly above 2 million, it is the most widely read German weekly newspaper...
, and Nihon Keizai Shimbun
Nihon Keizai Shimbun
is one of the largest media corporations in Japan. Nikkei specializes in publishing financial, business and industry news. Its main news publications include:* Nihon Keizai Shimbun , a leading economic newspaper....
, among other publications globally.