Randall S. Kroszner Appointed to Council of Economic Advisers

Randall S. Kroszner, a professor of economics at the University of Chicago Graduate School of Business, was sworn in November 30, 2001 as a member of President Bush's Council of Economic Advisers.

Kroszner's appointment by the president received unanimous consent from the Senate.

The Council of Economic Advisers consists of a chairman and two members who are confirmed by the Senate and provide the President with economic analysis and advice. Kroszner will be working on the development and implementation of international economic policy, U.S. macroeconomic policy, and a number of regulatory issues.

The Council chairman is R. Glenn Hubbard and the other member is Mark B. McClellan.

Chicago GSB has a long history of involvement with the Council of Economic Advisers. Beryl W. Sprinkel, MBA '48, PhD '52, a former GSB faculty member, served as chairman of the council under President Reagan from 1985 to 1989.

Sam Peltzman, Ralph and Dorothy Keller Distinguished Service Professor of Economics at the GSB, was a senior staff economist for the council from 1970 to 1971.

John Cochrane, Theodore O. Yntema Professor of Finance at the GSB, was on the economics staff of the council from 1981 to 1982, as was Thomas Hubbard, assistant professor of economics and strategy, from 1991 to 1992.

Earlier in his career, Kroszner served as a staff economist on the council under President Reagan.

Kroszner's research activities include international and domestic banking and financial institutions and their regulation. He also studies political economy, organization design, corporate governance, law and economics, and monetary economics.

Kroszner is associate director of the George J. Stigler Center for the Study of the Economy and the State and a faculty research associate at the National Bureau of Economic Research.

Kroszner joined the GSB faculty in 1990 after receiving a PhD in economics from Harvard University. He earlier received an M.A. in economics from Harvard and an Sc.B. in applied mathematics and economics from Brown.

He is currently on leave from the GSB while he serves on the Council in Washington. 

The University of Chicago Graduate School of Business is one of the oldest and largest business schools in the world. It offers full-time and part-time MBA programs, a PhD program, and open enrollment executive education.