Academic Advisory Council
The purpose of the Academic Advisory Council is to promote communications between the Chicago Fed and representatives from the academic and business economics communities. The council meets twice a year to provide views on current policy issues to Chicago Fed President Austan Goolsbee and other senior officials of the Bank.
Council Communications Guidelines
External panelists are free to share information and opinions as desired and as permitted by their respective institutions. Participation by President Goolsbee and Federal Reserve Bank of Chicago (FRBC) staff will be governed by the rules of the FRBC and the communications guidelines of the Federal Open Market Committee’s Policies on External Communications of Committee Participants and of Federal Reserve Staff. Notably, Federal Reserve participants are prohibited from discussing confidential monetary policy, supervisory or other non-public information. Furthermore, the opinions they express are solely their own and do not necessarily reflect the views of the Federal Reserve Bank of Chicago or the Federal Reserve System.
The membership of the Academic Advisory Council is posted on the FRBC public website along with other standing FRBC advisory councils. The agenda and the FRBC staff presentations for each meeting are posted on this website; we encourage (but do not require) that external panelists making presentations allow them to be posted there or on their personal or business web pages. Outside of these public postings, the meetings will be governed by the Chatham House Rule; namely, unless otherwise specified, participants are free to use information they receive, but neither the identity nor affiliation of the speaker(s) may be revealed.
Council Members
Katharine Abraham
Distinguished University Professor of Economics
University of Maryland, College Park
Alan Auerbach
Robert D. Burch Professor of Economics
and Law
University of California, Berkeley
Ricardo Caballero
Ford International Professor of Economics
MIT
Seth Carpenter
Managing Director and Chief Global Economist at Morgan Stanley
Janice Eberly
James R. and Helen D. Russell Distinguished Professor of Finance
Northwestern University
Martin Eichenbaum
Charles Moskos Professor of Economics
Northwestern University
Michael Feroli
Chief U.S. Economist
J.P. Morgan
Robert Gordon
Stanley G. Harris Professor in the Social Sciences; Department of Economics
Northwestern University
Joanne Hsu
Director, University of Michigan Surveys of Consumers; Research Associate Professor
University of Michigan, Institute for Social Research, Survey Research Center
Anil K. Kashyap
Edward Eagle Brown Professor of Economics and Finance, Booth School of Business
University of Chicago
Arvind Krishnamurthy
John S. Osterweis Professor of Finance
Stanford University
Randall Kroszner
Norman R. Bobins Professor of Economics, Booth School
of Business
University of Chicago
Andrew Metrick
Janet L. Yellen Professor of Finance and Management
Yale School of Management
Matthew Shapiro
Lawrence R. Klein Collegiate Professor of Economics
University of Michigan
Robert Shimer
George J. Stigler Distinguished Service Professor in Economics and the College, Kenneth C. Griffin Department of Economics
University of Chicago
Eric Sims
Professor and Department Chair; Department of Economics
University of Notre Dame
Chad Syverson
George C. Tiao Distinguished Service Professor of Economics
Linda Tesar
Professor of Economics
University of Michigan
