The Federal Reserve Bank of Chicago announced on May 14 that Gadi Barlevy, currently a senior economist and economic advisor at the bank, will become executive vice president and director of research beginning June 1.
Barlevy has been with the Chicago Fed for over twenty years, focusing on business cycles, labor economics, and asset bubbles. He has advised Chicago Fed president and chief executive officer Austan Goolsbee and authored ‘Asset Bubbles and Macroeconomic Policy,’ published by MIT Press last year.
“Gadi has distinguished himself as a leading researcher both within the Federal Reserve System and across the field of economics. His insights have helped make the Chicago Fed a world class economic research department and have influenced policy and research work here and beyond. It’s exciting to have one of our own lead this great team, and I look forward to working closely with him to build on our tradition of outstanding economic research,” Goolsbee said.
Before joining the Chicago Fed in 2003, Barlevy was an assistant professor at Northwestern University. He earned his Ph.D. from Harvard University under economist John Leahy. His work has appeared in journals such as American Economic Review, Review of Economic Studies, Journal of Economic Perspectives, Review of Economic Dynamics, and Journal of Monetary Economics. Barlevy also serves as a research fellow at IZA Research Institute and is an associate editor at Journal of Economic Theory; he previously co-edited Theoretical Economics as well as Review of Economic Dynamics.
The Board of Directors approved Barlevy’s appointment after a comprehensive search to replace Anna Paulson, who became president and chief executive officer at the Federal Reserve Bank of Philadelphia last year.
The Federal Reserve Bank of Chicago contributes to national monetary policy formulation and implementation while supervising designated financial institutions in Iowa; most parts of Illinois, Indiana, Michigan; Wisconsin; serving within the Seventh District alongside eleven other regional reserve banks.
