Career
Mishkin has been a full professor at Columbia Business School since 1983. He held the A. Barton Hepburn Professorship of Economics from 1991 to 1999,after which he was appointed Alfred Lerner Professor of Banking and Financial Institutions. [3] He was a research associate at the National Bureau of Economic Research from 1980 to 2006,and a senior fellow at the Federal Deposit Insurance Corporation's Center for Banking Research between 2003 and 2006. [4]
From 1994 to 1997,Mishkin served as executive vice president and director of research at the Federal Reserve Bank of New York,and was an associate economist of the Federal Open Market Committee. [5] He also edited the bank’s Economic Policy Review and served on its editorial board. Between 1997 and 2006,he worked as an academic consultant and was a member of the economic advisory panel of the Federal Reserve Bank of New York. He has also served as a consultant to the Federal Reserve Board and as a visiting scholar in its Division of International Finance. [4]
Mishkin has also worked as a consultant to international organizations,including the World Bank,the Inter-American Development Bank,and the International Monetary Fund,and has advised several central banks. [6]
In 2006,he co-authored the report Financial Stability in Iceland,commissioned by the Icelandic Chamber of Commerce in response to international media criticism. The report stated that Iceland's economic fundamentals were strong. [7] Mishkin received $124,000 for co-authoring the report. [8]
Iceland experienced a major financial collapse two and a half years later. The 2010 documentary film Inside Job claimed that Mishkin’s curriculum vitae (CV) had listed the report title as Financial Instability in Iceland instead. His CV no longer lists any work related to Iceland. [6] In a 2010 blog post for the Financial Times,he explained his participation in the film. [9] Director Charles H. Ferguson responded to Mishkin’s remarks on the same blog. [10]
Mishkin was confirmed as a member of the Federal Reserve Board of Governors on September 5,2006,to fill an unexpired term ending January 31,2014. [4] He resigned from the board effective August 31,2008,to revise his textbook and return to teaching at Columbia Business School. [11]
Authorships and publications
Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than fifteen books and has published numerous articles in professional journals and books. Mishkin has served on the editorial boards of major economic journals,including the American Economic Review ,the Journal of Economic Perspectives,and the Journal of Money,Credit and Banking. [6]
Mishkin is the author of the textbook Economics of Money,Banking,and Financial Markets (What's New in Economics) (13th edition,2021) ISBN 978-0134733821
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