Narayana Kocherlakota
| Narayana Kocherlakota | |
|---|---|
 |
|
| 12th President of the Federal Reserve Bank of Minneapolis | |
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In office October 8, 2009 – December 31, 2015 |
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| Preceded by | Gary H. Stern |
| Succeeded by | Neel Kashkari |
| Personal details | |
| Born |
October 12, 1963 Baltimore, Maryland |
| Nationality | United States |
| Alma mater |
University of Chicago (Ph.D.) Princeton University (A.B.) |
| Profession | Economist |
Narayana Rao Kocherlakota (born October 12, 1963) is an American economist and is the Lionel W. McKenzie Professor of Economics at the University of Rochester. Previously, he served as the 12th president of the Federal Reserve Bank of Minneapolis until December 31, 2015. Appointed in 2009, he joined the Federal Open Markets Committee in 2011. In 2012, he was named one of the top 100 Global Thinkers by Foreign Policy magazine.
Kocherlakota was born in Baltimore, Maryland, to a Caucasian American mother and an Indian American father (of Telugu descent), both of whom earned PhDs in statistics from Johns Hopkins University. They taught at the University of Manitoba in Winnipeg, Manitoba, Canada, where Kocherlakota spent most of his childhood.
He entered Princeton University at age 15 and graduated four years later with an A.B. in Mathematics in 1983. He earned a Ph.D. in economics from the University of Chicago in 1987.
Kocherlakota's first faculty position was at the Kellogg School of Management at Northwestern University. He subsequently was a professor of economics at the University of Iowa, Stanford University, and the University of Minnesota. He served as the chair of the University of Minnesota's economic department from 2006 until 2008, As chair of the University of Minnesota's Economics Department, Kocherlakota decisively "recruited multiple economists to the school at once" (nine new hires within a two-year span), which improved its national rank in the U.S. News & World Report from 15th to 10th place among graduate programs in economics. Kocherlakota's research in monetary economics, asset pricing, and public finance has appeared in Econometrica, Journal of Political Economy, Journal of Economic Theory, Journal of Monetary Economics, and Journal of Money, Credit and Banking.
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