Stephen Cecchetti

Stephen G. Cecchetti is the Rosen Family Chair in International Finance at the Brandeis International Business School (Brandeis University). He also serves as Vice Chair of the European Systemic Risk Board's Advisory Scientific Committee, a Research Associate at the National Bureau of Economic Research (NBER), and a Research Fellow at the Centre for Economic Policy Research (CEPR). Previously, he was Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements (2008–2013), Executive Vice President and Director of Research at the Federal Reserve Bank of New York (1997–1999), and editor of the Journal of Money, Credit, and Banking (1992–2001). His research focuses on monetary policy, financial regulation, macroeconomics, and central banking.

Education: B.S. in Economics from MIT, Ph.D. in Economics from the University of California, Berkeley, and an honorary doctorate from the University of Basel (2016). His honors include the Distinguished Lecturer title from Ohio State University (2002) and the O. John Olcay Lecture at the Peterson Institute for International Economics (2019). His work emphasizes global financial stability, banking reform, and the intersection of monetary and fiscal policy.

Recent publications highlight central bank interventions during financial crises, the fiscal consequences of central bank losses, and the future of banking in a digital era. He advocates for stricter regulatory frameworks post-2008 crisis and emphasizes the evolving role of central banks in addressing systemic risks. Cecchetti’s blog Money and Banking provides insights on current economic and financial issues.