Globalization and Monetary Policy Institute 2009 Annual Report • FEDERAL RESERVE BANK OF DALLAS 41 Who’s Who at the Institute

Director of the Institute Senior Fellows Mark A. Wynne joined the Federal Reserve Bank Marianne Baxter is a professor of economics at of Dallas in 1989 and is currently a senior econo- . Her research interests include mist and vice president. He is widely published macroeconomics, international economics and in many leading professional journals. During finance. Baxter’s current work studies the effect 1997–98, Wynne worked on issues related to of alternative monetary policy rules in highly monetary policy strategy under economic and integrated, globalized industrial economies. She monetary union for the European Monetary previously taught at the Universities of Virginia, Institute and, later, the European Central Bank. Rochester and California, Santa Barbara. She also He holds first-class honors B.A. and M.A. degrees served on the president’s advisory committee at from the National University of Ireland (University the Federal Reserve Bank of New York and has College, Dublin) and an M.A. and a Ph.D. from the been a visiting scholar at the Federal Reserve . Banks of Richmond, New York, Chicago and Min- neapolis. Baxter received a B.A. in economics and Advisory Board Chairman statistics from the University of Rochester and her John B. Taylor is Mary and Robert Raymond Ph.D. in economics from the . Professor of Economics at Stanford University. He is a globally recognized expert on international W. Michael Cox is director of the O'Neil Center for monetary and financial issues and has produced Global Markets and Freedom at Southern Method- extensive research on monetary policy, fiscal ist University's Cox School of Business and former policy and international economic policy. Taylor senior vice president and chief economist at the is recognized throughout the economics profes- Dallas Fed. He is author of a host of essays and sion and within monetary policy circles as the reports that have received extensive attention from originator of the Taylor rule, a guiding principle for leading publications including the Wall Street Jour- macroeconomic stabilization followed by many nal, New York Times and USA Today. He is also central banks. He also serves as senior fellow at widely published in the nation's leading economic the Hoover Institution and Stanford Institute for journals. Cox received an undergraduate degree Economic Policy Research, was founding director in business and economics from Hendrix College of the Stanford Introductory Economics Center and a Ph.D in economics from Tulane University. and is a research associate at the National Bureau of Economic Research. Taylor has many years of Mario Crucini is an associate professor of eco- distinguished service with the U.S. government, nomics at Vanderbilt University. He is currently most recently as undersecretary of Treasury for an associate editor of the Journal of International international affairs from 2001 to 2005. He was a Economics and the Journal of Money, Credit and member of the president’s Council of Economic Banking. He is also a member of the board of Advisers from 1989 to 1991. He received a B.A. in editors of the Review of International Economics. economics from Princeton University and a Ph.D. Crucini has written widely on international busi- in economics from Stanford University. ness cycles, the contribution of trade policy to the 42 Federal Reserve Bank of Dallas • Globalization and Monetary Policy Institute 2009 Annual Report

Great Depression and, most recently, international Francis E. Warnock is associate professor of pricing. He received a B.A. from the University of business administration at the Darden Graduate Western Ontario and an M.A. and Ph.D. from the School of Business at the . University of Rochester. He is currently a faculty research fellow at the National Bureau of Economic Research and a Michael B. Devereux is professor of economics research associate at the Institute for International at the University of British Columbia and a visiting Integration Studies at Trinity College Dublin. He scholar at the International Monetary Fund in was recently a consultant at the International Washington, D.C. He is widely published in leading Monetary Fund and a research fellow at the Hong economic journals and is associate editor of the In- Kong Monetary Authority. In addition, he served ternational Journal of Central Banking. He received for several years as senior economist in the Inter- a B.A. in economics and politics and an M.A. in national Finance Division at the Federal Reserve economics from University College, Dublin, and a Board. Warnock received a B.A. from Johns Hop- Ph.D. from Queen’s University, Kingston, Ontario. kins University and Ph.D. from the University of North Carolina at Chapel Hill. Charles Engel is professor of economics at the University of Wisconsin–Madison and a research Institute Staff Economists associate of the National Bureau of Economic Simona E. Cociuba joined the Dallas Fed in 2007. Research. He has written extensively on exchange Her major fields of concentration are macroeco- rate determination. He is currently coeditor of the nomics, growth and development. She received Journal of International Economics and has been a a Ph.D. in economics from the University of Min- visitor or consultant to many central banks, includ- nesota. ing the Board of Governors of the Federal Reserve, De Nederlandsche Bank, Reserve Bank of Austra- Anthony Landry joined the Federal Reserve Bank lia, Bank of England and several Federal Reserve of Dallas in 2006. Previously, he worked at the Banks. He received a B.A. from the University of Bank of Canada. Landry’s recent research focuses North Carolina at Chapel Hill and a Ph.D. from the on the effects of nominal rigidities in the context of University of California–Berkeley. open-economy macroeconomic models. He holds an M.A. in economics from McGill University and Karen Lewis is the Joseph and Ida Sondheim Pro- a Ph.D. in economics from Boston University. fessor in International Economics and Finance at the University of Pennsylvania’s Wharton School. Enrique Martínez-García’s main research In that position, she also serves as codirector of the interests are in the fields of international macro- Weiss Center for International Financial Research. economics and finance, monetary economics and She has served as associate editor for a host of applied econometrics. Previously, Martínez-García publications and is regularly cited for her work in was a teaching and research assistant at the Univer- international financial markets and monetary eco- sity of Wisconsin–Madison and at the university’s nomics. Lewis received a B.A. from the University Center for World Affairs and the Global Economy. of Oklahoma and an M.A. and a Ph.D. from the He also worked at the Bank of England. He holds University of Chicago. a B.A. from the University of Alicante in Spain, an M.A. from the University of Pennsylvania and a Ph.D. from UW–Madison, all in economics. Globalization and Monetary Policy Institute 2009 Annual Report • FEDERAL RESERVE BANK OF DALLAS 43

Ananth Ramanarayanan joined the Dallas Fed Advisory Board Members in 2007, after receiving a Ph.D. in economics from Charles Bean the University of Minnesota. His research interests Deputy Governor are in the fields of international trade and macro- Bank of England economics. Martin Feldstein Jian Wang is a senior economist with primary George F. Baker Professor of Economics research interests in open-economy macroeco- nomics, international finance and monetary and President Emeritus economics. Prior to joining the Bank, he taught at National Bureau of Economic Research the University of Wisconsin–Madison. He holds an M.A. from the University of Arkansas and a Ph.D. Heng Swee Keat in economics from UW–Madison. Managing Director Monetary Authority of Singapore Support Staff Janet Koech has been an economic analyst for the R. Glenn Hubbard Globalization and Monetary Policy Institute since Dean, Graduate School of Business October 2007. Koech holds B.A. and M.A. degrees Columbia University in economics from the University of Kansas. She is from Kenya. Otmar Issing President, Center for Financial Studies Hector Mendoza has been a research analyst for Frankfurt am Main, Germany the Globalization and Monetary Policy Insti- tute since November 2009. He graduated from Finn Kydland Northwestern University with a B.S. in industrial Henley Professor of Economics engineering and received an M.S. in financial University of California, Santa Barbara and industrial economics from the University of Nobel Laureate (2004) London Royal Holloway College. He is a native of Mexico. Guillermo Ortiz Governor Patrick Roy began working at the Dallas Fed as a Banco de México research assistant in November 2007. He gradu- ated from Bentley College in 2005 with a B.S. in Kenneth Rogoff economics. Roy was deployed to Iraq as a platoon Thomas D. Cabot Professor of Public Policy leader in 2006–07 and still serves as an officer in Harvard University the Texas Army National Guard. Masaaki Shirakawa Governor Bank of Japan

William White Former Economic Adviser and Head Monetary and Economic Department Bank for International Settlements 44 Federal Reserve Bank of Dallas • Globalization and Monetary Policy Institute 2009 Annual Report

Research Associates Erasmus Kersting Raphael Auer Southern Methodist University Swiss National Bank Enisse Kharroubi Chikako Baba Bank of France International Monetary Fund Robert Kollmann Claudio Borio European Centre for Advanced Research in Bank for International Settlements Economics and Statistics

Alessandro Calza Fabio Milani European Central Bank University of California, Irvine

Andrew Filardo Philippe Moutot Bank for International Settlements European Central Bank

Andreas Fischer Shigenori Shiratsuka Swiss National Bank Bank of Japan

Marcel Fratzscher Jens Søndergaard European Central Bank Bank of England

Bill Gruben Giovanni Vitale Texas A&M International University European Central Bank

Sophie Guilloux Yu Yuan Bank of France University of Iowa

Ping He Tsinghua University