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Expectations Surveys, Central Banks and the Economy - Speakers

Luis de Guindos

Luis de Guindos has been Vice-President of the ECB since June 2018. In this capacity, he is also a member of the Executive Board, Governing Council and General Council of the ECB.

Welcome speech

He was Spanish Minister of Economy, Industry and Competitiveness (2016-18) and Minister of Economy and Competitiveness (2011-16). He served as Secretary of State for Economic Affairs and a member of the Economic and Financial Committee of the EU (2002-04). Prior to that, he was Secretary General for Economic and Competition Policy (2000-02) and Director General (1996-2000).

Mr de Guindos was Director of IE Business School in Madrid and the PricewaterhouseCoopers/IE Center for the Finance Sector (2010-11). He was previously Head of Financial Services at PwC (2008-09). He was Chief Executive Officer Iberia at Lehman Brothers and Chief Executive Officer at Nomura Securities (2006-08).

He received a BSc in economics with honours from CUNEF Universidad in Spain in 1982 and qualified as State Economist and Trade Expert in 1984.

Yuriy Gorodnichenko

Yuriy Gorodnichenko, a native of Ukraine, is Quantedge Presidential professor at the Department of Economics, University of California – Berkeley.

Presentation

He received his B.A. and MA at EERC/Kyiv-Mohyla Academy (Kyiv, Ukraine) and his Ph.D. at the University of Michigan. A significant part of his research has been about monetary policy, fiscal policy, inequality, economic growth, and business cycles. Yuriy serves on many editorial boards, including American Economic Review and VoxUkraine. He is the leader of CEPR's Ukraine Initiative. Yuriy is a prolific researcher. His work was published in leading economics journals and was cited in policy discussions and media. Yuriy has received numerous awards for his research.

Kim P. Huynh

Kim P. Huynh is the Director of Economic Research and Analysis in the Currency Department at the Bank of Canada.

Presentation

His research interests include industrial economics and applied econometrics. 

Luc Laeven

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank.

Prior to this he worked at the International Monetary Fund and the World Bank. His research focuses on banking and international finance issues, and has been widely published in academic journals, including the American Economic Review, the Review of Economic Studies, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He has also published books on Systemic Risk, Crises and Macroprudential Regulation (MIT Press), Systemic Financial Crises: Containment and Resolution (Cambridge University Press), and Deposit Insurance Around the World: Issues of Design and Implementation (MIT Press). He is a Professor of Finance at Tilburg University, Research Fellow of the Centre for Economic Policy Research (CEPR), Chair of the ESCB Heads of Research Committee, Chair of the Steering Committee of the Euro Area Business Cycle Network, Editor of the Journal of Money, Credit, and Banking, and Member of the Board of Directors of TalentNomics. He studied at Tilburg University, the University of Amsterdam, and the London School of Economics.

Philip R. Lane

Philip R. Lane joined the ECB as a member of the Executive Board in June 2019. He is responsible for the Directorate General Economics and the Directorate General Monetary Policy.

Slides on Expectations and Monetary Policy

Before joining the ECB, he was Governor of the Central Bank of Ireland. He has also chaired the Advisory Scientific Committee and Advisory Technical Committee of the European Systemic Risk Board and was Whately Professor of Political Economy at Trinity College Dublin. He is also a research fellow at the Centre for Economic Policy Research.

A graduate of Trinity College Dublin, he was awarded a PhD in economics from Harvard University in 1995 and was Assistant Professor of Economics and International Affairs at Columbia University from 1995 to 1997, before returning to Dublin. In 2001 he was the inaugural recipient of the Germán Bernácer Prize for outstanding contributions to European monetary economics.

Annamaria Lusardi

Annamaria Lusardi is a Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR), and the Director of the Initiative for Financial Decision-Making, a collaboration between SIEPR, the Graduate School of Business (GSB), and the Economics Department at Stanford University.

Keynote

She is also Professor of Finance (by courtesy) at the GSB. Previously, she was University Professor at The George Washington University and, before that, she was the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where she started her academic career. She has also taught at Princeton University, the University of Chicago’s Harris School of Public Policy and Booth School of Business, Columbia Business School and she was a visiting scholar at Harvard Business School. She holds a Ph.D. in Economics from Princeton University and an honorary doctorate from the University of Vaasa in Finland.

Tarun Ramadorai

Tarun Ramadorai is Professor of Financial Economics at Imperial College London.

Keynote

He has a broad range of research interests, spanning household finance, financial economics, behavioural economics, real estate, and international finance. He has published on these topics in a number of scholarly journals in finance and economics. He has received several awards for his research, including the Brattle prize for best paper in the Journal of Finance.

Tarun currently serves as Executive Editor of the Review of Financial Studies. He is currently a Director of the European Finance Association, a Research Fellow of the Centre for Economic Policy Research (CEPR), a Senior Academic Fellow of the Asian Bureau of Finance and Economics Research (ABFER), and a Nonresident Senior Fellow at the National Council of Applied Economic Research (NCAER).

He has served in a range of policy and practice roles in addition to his academic work, including Chairman of the Inter-Regulatory Committee on Household Finance constituted by the Reserve Bank of India, Visiting Scholar at the Economic Advisory Council to the Prime Minister of India, Economic Adviser to the European Securities and Markets Authority, and Allocation Advisory Board Member for the Norwegian Sovereign Wealth Fund (NBIM). He currently serves as co-Chair of the Fintech workstream of the India-UK Financial Partnership.

Tarun has a BA in Mathematics and Economics from Williams College, an MPhil in Economics from the University of Cambridge, and a PhD in Business Economics from Harvard University. Prior to his role at Imperial, Tarun spent over a decade at the University of Oxford.

Isabel Schnabel

Isabel Schnabel has been a member of the Executive Board of the ECB since January 2020 and is responsible for the Directorates General Market Operations, Research and Statistics.

She is on leave from the University of Bonn, where she was Professor of Financial Economics. Before joining the ECB she was a member of the German Council of Economic Experts and Co-Chair of the Franco-German Council of Economic Experts. Ms Schnabel studied economics at the universities of Mannheim, Paris 1 Panthéon-Sorbonne and UC Berkeley, and received her PhD in economics from the University of Mannheim.

Wilbert van der Klaauw

Wilbert van der Klaauw is an Economic Research Advisor on Household and Public Policy Research and Director of the Centre for Microeconomic Data.

Presentation

He is a labour economist and applied econometrician whose research interests include the study of life cycle labour supply, household financial behaviour and expectations, and econometric approaches to program evaluation. He serves as co-editor of Labour Economics and associate editor of the Journal of Political Economy. Prior to joining the New York Fed, Dr. van der Klaauw was a Professor of Economics at the University of North Carolina at Chapel Hill and Assistant Professor of Economics at New York University. He holds a Ph.D. from Brown University.