Stephen G Cecchetti

Stephen G. Cecchetti is the Economic Adviser and the Head of the Monetary and Economic Department. Prior joining the BIS in July 2008, Mr. Cecchetti held a number of positions including Barbara and Richard M. Rosenberg Professor of Global Finance at the Brandeis International Business School, Executive Vice President and Director of Research at the Federal Reserve Bank of New York and editor of the Journal of Money, Credit and Banking. In addition to a textbook entitled Money, Banking and Financial Markets, Professor Cecchetti has authored numerous articles on macroeconomics and monetary policy. He has been a regular contributor to the Financial Times and is a founding contributor of VOX a policy portal. Mr. Cecchetti holds an undergraduate degree from the Massachusetts Institute of Technology and a doctorate from the University of California Berkeley.

Fields of interest

• Macroeconomics and finance

Selected Publications

• "The Future of Public Debt," in Challenges to Central Banking in the Context of the Financial Crisis, proceedings of the Reserve Bank of India conference, 2010. (w M Mohanty and F Zampolli)
• Asset Prices and Central Bank Policy. Geneva Reports on the World Economy, No. 2, International Center for Monetary and Banking Studies and Centre for Economic Policy Research, July 2000 (w. H. Genberg, J. Lipsky, and S. Wadhwani).
• "Measuring Core Inflation" in N. Gregory Mankiw (Ed.), Monetary Policy (Chicago: University of Chicago Press for NBER, 1994), 195-215 (w. M. Bryan).
• "The Case of the Negative Nominal Interest Rates: New Estimates of the Term Structure of Interest Rates during the Great Depression," Journal of Political Economy, 96 (December 1988), 1111-1141.
• "The Frequency of Price Adjustment: A Study of the Newsstand Prices of Magazines," Journal of Econometrics, 31 (April 1986), 255-274.