Kathryn M. E. Dominguez

Kathryn M. E. Dominguez serves as Professor of Economics and Public Policy at the University of Michigan's Department of Economics and Ford School of Public Policy. She holds dual appointments across these institutions and maintains active affiliations with the Weiser Center for Europe and Eurasia. Her professional network includes significant roles at the National Bureau of Economic Research (NBER), European Systemic Risk Board (Advisory Scientific Committee), and Congressional Budget Office (Panel of Economic Advisers).

Her educational background includes:

• PhD in Economics from Yale University (1987)
• AB from Vassar College (1982)

Dominguez's research focuses on international financial markets and macroeconomics, with specialization in exchange rate behavior, central bank interventions, and global financial crises. Her work examines how foreign exchange reserves impact currency values, the effectiveness of unconventional monetary policy during pandemics, and the transmission mechanisms of financial shocks across borders. She has developed influential frameworks for understanding central bank balance sheet policies and international reserve management during systemic crises.

Analysis of her 15 most recent publications reveals dominant themes in central bank crisis response mechanisms (7 articles), exchange rate dynamics (5 articles), and global financial stability (3 articles). Her 2025-2020 output shows increasing emphasis on pandemic-era monetary policy and evolving central bank roles as market makers of last resort.

Dominguez maintains extensive professional service through appointments at the European Systemic Risk Board and Congressional Budget Office. Her advisory roles extend to major international institutions including the Federal Reserve System, International Monetary Fund, World Bank, and Bank for International Settlements.

At the University of Michigan, she teaches advanced courses including Global Financial Markets (PP741), Macroeconomics (PP556), and PhD-level research seminars. Her teaching spans undergraduate (Econ 140: Jane Austen and Economics) to doctoral levels, emphasizing real-world applications of financial market theory.