Janet Yellen

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Janet Yellen (Born August 13, 1946 in Brooklyn, NY) is an economist and president of the Federal Reserve Bank of San Francisco. She is currently on leave from her position as a professor at the Haas School of Business at the University of California, Berkeley.

Dr. Yellen holds a B.A. in economics from Brown University, and a Ph.D. in economics from Yale University. She was awarded an honorary doctorate in Humane Letters by Bard College and Laws by Brown University. Since 1980, she has been conducting research at the Haas School and teaching macroeconomics to full-time and part-time MBA students. Twice she has been awarded the Haas School's outstanding teaching award. In addition, she served as chair of the President's Council of Economic Advisers from 1997 to 1999, and was a member of the Federal Reserve System's Board of Governors from 1994 to 1997. She has taught at Harvard University and at the London School of Economics. Yellen serves as president of the Western Economic Association International and is a former vice president of the American Economic Association. She is a fellow of the Yale Corporation.

Is considered by many on Wall Street to be an Inflation Dove (as concerned with economic growth as inflation) and as such is less likely to advocate Federal Reserve interest rate hikes, as compared, for example, to William Poole (St. Louis Fed President) an Inflation Hawk (see definitions under Inflation)

She is married to George Akerlof, a Nobel prize-winning economist and professor at the University of California, Berkeley.

Contents 1 Positions Held: 2 External Service and Assignments 3 Current Research and Interests 4 Selected Papers and Publications 4.1 External links

[edit] Positions Held:

2004- present, President and CEO, Federal Reserve Bank of San Francisco
1997 - 99 Chair, President's Council of Economic Advisors
1994 - 97 Member, Board of Governors of the Federal Reserve System
1985 - present Professor, Haas School of Business, UC Berkeley
1982 - 85 Associate Professor, Haas School of Business, UC Berkeley
1980 - 82 Assistant Professor, Haas School of Business, UC Berkeley
1978 - 80 Lecturer, London School of Economics and Political Science
1977 - 78 Economist, Division of International Finance, Trade and Financial Studies Section, Board of Governors of the Federal Reserve System
1971 - 76 Assistant Professor, Department of Economics, Harvard University
1974 Research Fellow, Massachusetts Institute of Technology

[edit] External Service and Assignments

* President and CEO, Federal Reserve Bank of San Francisco
* Fellow, American Academy of Arts and Sciences, 2001
* Vice President, Western Economics Association, 2001
* Fellow, Yale Corporation 2000-
* Member, National Academy of Sciences Panel on Ensuring the Best Presidential Science and Technology Appointments, 2000
* Research Associate, National Bureau of Economic Research, 1999-
* Advisory Board, Center for International Political Economy, 1999-
* Advisory Board, Brookings Panel on Economic Activity, 1999
* Chair: Economic Policy Committee of the Organization for Economic Cooperation and Development 1997-1999
* President's Interagency Committee on Women's Business Enterprise (1997)
* Member and adviser: Brookings Panel on Economic Activity (senior advisor); Advisor Panel in Economics, National Science Foundation;
* Advisor: Congressional Budget Office
* Research fellow: Yale University, and Massachusetts Institute of Technology

[edit] Current Research and Interests

* Unemployment and labor markets
* Monetary and fiscal policies
* International trade and investment policy

[edit] Selected Papers and Publications

* "The Fabulous Decade: macroeconomic Lessons from the 1990's" (with Alan Binder), The Century Foundation Press, New York, 2001
* "Trends in Income Inequality and Policy Responses," Looking Ahead, October 1997 and James Auerbach and Richard Belous, eds., "The Inequality Paradox: Growth of Income Disparity," National Policy Association, 1998
* "The Continuing Importance of Trade Liberalization," Business Economics (1998).
* "Monetary Policy: Goals and Strategy," Business Economics (July 1996).
* "An Analysis of Out-of-Wedlock Childbearing in the United States," (with George Akerlof and Michael Katz). Journal of Economics (May 1996).
* "East Germany In From the Cold: The Economic Aftermath of Currency Union" (with George Akerlof, Andrew Rose, and Helga Hessenius), Brookings Papers on Economic Activity 1991:1.
* "How Large are the Losses from Rule of Thumb Behavior in Models of the Business Cycle?" (with George Akerlof) in Willima Brainard, William Nordhaus, and Harold Watts, eds. Money, Macroeconomics and Economic Policy: Essays in Honor of James Tobin, Cambridge, Mass.: MIT Press (1991).

[edit] External links

• Biography on San Francisco Fed's web site

Preceded by Joseph E. Stiglitz

Chairman of the Council of Economic Advisers 1997-1999

Succeeded by Martin Neil Baily