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Narayana Kocherlakota

Assumed office 
October 8, 2009
Preceded by Gary H. Stern

Born October 12, 1963 (1963-10-12) (age 46)
Baltimore, Maryland
Nationality  United States
Alma mater University of Chicago (Ph.D.)
Princeton University (A.B.)
Profession Economist

Narayana Kocherlakota (born October 12, 1963, in Baltimore, Maryland) is an American economist and is the 12th and current president of the Federal Reserve Bank of Minneapolis.

Kocherlakota was born in Baltimore, but lived in Winnipeg, Manitoba for most of his childhood. He entered Princeton University at age 15 and graduated four years later with an A.B. in Mathematics in 1983. He earned a Ph.D. in economics from the University of Chicago in 1987.[1]

Kocherlakota's first faculty position was in the Kellogg Graduate School of Business at Northwestern University. He subsequently was a professor of economics at the University of Iowa, Stanford University, and the University of Minnesota.[2][3] Kocherlakota's research in monetary economics, asset pricing, and public finance has appeared in Econometrica, the Journal of Political Economy, the Journal of Economic Theory, the Journal of Monetary Economics and the Journal of Money, Credit and Banking.

He is one of the founders of the New Dynamic Public Finance. His contributions include articles on optimal tax and optimal unemployment insurance. He has written a graduate textbook on the subject.

On October 8, 2009 Kocherlakota assumed the presidency of the Federal Reserve Bank of Minneapolis, following the retirement of Gary H. Stern. Kocherlakota he had been a Consultant at the Minneapolis Fed since 1999.


  1. ^ Serres, Chris (2009-12-13). "New chief rocks Minneapolis Fed". Minneapolis Star Tribune: p. D1. 
  2. ^ Jon Hilsenrath; Mark Whitehouse (2009-10-01). "Unconventional Thinker Gets Fed Post". Wall Street Journal: p. A2. 
  3. ^ Serres, Chris (2009-10-01). "U economics chair is new head of Minneapolis Federal Reserve". Minneapolis Star Tribune: p. D1. 

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