Adam Simon Posen (born 1966 in Brookline, Massachusetts) is an American economist and President of the Peterson Institute for International Economics (where he has worked since July 1997). He succeeded C. Fred Bergsten as President of the Peterson Institute on January 1, 2013. He resides in the Washington metropolitan area with his wife.
He also sits on the panel of economic advisers to the United States Congressional Budget Office, where he is in his sixth two-year term. Posen's other appointments 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, and a member of the Bellagio Group of international finance officials and scholars. He is a member of the faculty of the World Economic Forum and is a member of the WEF Think Tank Leaders Forum. He is a member of the Working Group of the Coalition for Inclusive Capitalism. He is a member of the Board of Trustees of the American Academy in Berlin, and a member of the American Council on Germany. He is the US co-chair of the High-Level Japan-US Working Group on Common Economic Challenges, sponsored by the Sasakawa Peace Foundation. He has been the recipient of major research grants from the Centre for International Governance Innovation, the European Commission, the Sloan Foundation, the Ford Foundation, and the German Marshall Fund of the United States.
Life and career
Posen received a PhD 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 in Europe and East Asia. 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 Peterson Institute for International Economics.
From September 1, 2009 to August 31, 2012, he was a voting External Member of the Monetary Policy Committee of the Bank of England, by appointment of the UK Chancellor of the Exchequer. During this critical period for the world economy, he was a prominent advocate of activist policy response to the financial crisis, successfully led the MPC into quantitative easing, pushed efforts to stimulate business investment to the top of the UK economic agenda, and accurately forecast global inflation developments. He consulted for the UK Cabinet Office on the successful London G-20 Summit of 2009, prior to being appointed to the MPC. In April 2012, an article in the Atlantic magazine named Dr. Posen to its international team of "superstar central bankers," and in December 2012 he was profiled in the New York Times Magazine article "God Save the British Economy." He was later made an Honorary Commander of the Most Excellent Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II for his service to the United Kingdom.
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 Bernanke, Thomas Laubach, and Frederic Mishkin), a series of articles on the political economy of central bank independence, and more recent works on the global roles of the dollar and the euro. Posen used to be a columnist for the International Economy magazine, the German newspaper Welt am Sonntag and for the Eurointelligence syndicate. He has been published and/or 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. He is a contributor to the Financial Times' The Exchange blog and appears frequently in Nikkei Asian Review.
- "Adam S. Posen to become new President". Peterson Institute. Retrieved May 19, 2012.
- "Adam Posen, Monetary Policy Committee Member". The Bank of England. Retrieved April 3, 2010.
- "After the conventions: the race to the White House". The United States Mission to Germany. 9 September 2008. Retrieved April 3, 2010.
- "Adam S. Posen". The Peterson Institute for International Economics. Archived from the original on 2 April 2010. Retrieved April 3, 2010.
This article incorporates public domain material from the United States Department of State document "After the conventions: the race to the White House" by the US mission to Germany (retrieved on 3 April 2010).
|The Bank of England's Monetary Policy Committee|
|June 2009 – August 2009:||King | Bean | Barker | Tucker | Besley | Sentance | Dale | Fisher | Miles|
|September 2009 – July 2010:||King | Bean | Barker | Tucker | Sentance | Dale | Fisher | Miles | Posen|
|August 2010 – May 2011:||King | Bean | Tucker | Sentance | Dale | Fisher | Miles | Posen | Weale|
|June 2011 – August 2012:||King | Bean | Tucker | Dale | Fisher | Miles | Posen | Weale | Broadbent|