Adam Posen

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Adam Posen
Adam Posen 2015.jpg
Posen in 2015
Born
Adam Simon Posen

(1966-01-01) January 1, 1966 (age 53)
ResidenceWashington, D.C.
EducationHarvard University
(BA, PhD)
TitlePresident of the Peterson Institute for International Economics
Websitepiie.com/experts/senior-research-staff/adam-s-posen

Adam Simon Posen (born 1966 in Brookline, Massachusetts) is an American economist and President of the Peterson Institute for International Economics. He became President of the Peterson Institute on January 1, 2013, having first joined PIIE in July 1997.[1] Under his leadership, the Peterson Institute has been named the top think tank in international economics by the Prospect Think Tank Awards [2] and in the UPenn Global Go To Think Tank Index [3].

Life and career[edit]

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, and in the US Federal Reserve System. 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).[4] 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.

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.[4] He has been a member of the faculty of the World Economic Forum and of the WEF Think Tank Leaders Forum, and of the Working Group of the Coalition for Inclusive Capitalism. From 2005 to 2019, he was a member of the Panel of Economic Advisers to the Congressional Budget Office. He has been the recipient of major research grants from the Bank of England, the Centre for International Governance Innovation, the European Commission, the International Monetary Fund, the Sloan Foundation, the Ford Foundation, and the German Marshall Fund of the United States. In February 2019, he was appointed a Distinguished Fellow of the Centre for Economic Policy Research [CEPR].

He resides in the Washington metropolitan area with his wife.

Writing[edit]

His most cited and influential publications include the books Restoring Japan's Economic Growth (1998)[5] and Inflation Targeting: Lessons from the International Experience[6] (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.[7] Prior to joining the MPC, Posen was 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, The Independent, The New York Times, Wall Street Journal, The Washington Post, Handelsblatt, Die Welt, "Asahi Shimbun", and Nihon Keizai Shimbun, among other publications globally. He is a contributor to the 360 Viewpoint column of the Nikkei.

References[edit]

  1. ^ "Adam S. Posen to become new President". Peterson Institute. Retrieved May 19, 2012.
  2. ^ https://www.prospectmagazine.co.uk/magazine/think-tank-awards-results-2018
  3. ^ https://repository.upenn.edu/cgi/viewcontent.cgi?article=1017&context=think_tanks
  4. ^ a b "After the conventions: the race to the White House". The United States Diplomatic Mission to Germany. 9 September 2008. Archived from the original on May 27, 2010. Retrieved April 3, 2010.
  5. ^ Adam Simon Posen (1998). Restoring Japan's Economic Growth. Peterson Institute. ISBN 978-0-88132-262-0.
  6. ^ Ben S. Bernanke; Thomas Laubach; Frederic S. Mishkin; Adam S. Posen (2001). Inflation Targeting: Lessons from the International Experience. Princeton University Press. ISBN 978-0-691-08689-7.
  7. ^ "Adam S. Posen". The Peterson Institute for International Economics. Archived from the original on 2 April 2010. Retrieved April 3, 2010.

External links[edit]

 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.