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Janet Yellen

Eugene E. and Catherine M. Trefethen Professor Emeritus of Business Administration at Haas School of Business

Distinguished Fellow in Residence - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy at Brookings Institution

Schools

  • Haas School of Business
  • Brookings Institution

Links

    Biography

    Haas School of Business

    Education
    PhD, Economics, Yale University
    BA, Economics, Brown University
    Positions Held
    At Haas since 1980
    2014 – present, Chair, Federal Reserve Board of Governors
    2010 – present, Vice Chair, Federal Reserve Board of Governors
    2004 – 2010, President and CEO, Federal Reserve Bank of San Francisco
    1985 – 2006, Professor, Haas School of Business, UC Berkeley
    1997 – 1999, Chair, President’s Council of Economic Advisors
    1994 – 1997, Member, Board of Governors of the Federal Reserve System
    1982 – 1985, Associate Professor, Haas School of Business, UC Berkeley
    1980 – 1982, Assistant Professor, Haas School of Business, UC Berkeley
    1978 – 1980, Lecturer, London School of Economics and Political Science
    1977 – 1978, Economist, Division of International Finance, Trade and Financial Studies Section, Board of Governors of the Federal Reserve System
    1971 – 1976, Assistant Professor, Department of Economics, Harvard University
    1974, Research Fellow, Massachusetts Institute of Technology
    External Service and Assignments
    - Chair, Federal Reserve Board of Governors - President and CEO, Federal Reserve Bank of San Francisco - Fellow, American Academy of Arts and Sciences - Vice President, Western Economics Association - Fellow, Yale Corporation - Member, National Academy of Sciences Panel on Ensuring the Best Presidential Science and Technology Appointments - Research Associate, National Bureau of Economic Research - Advisory Board, Center for International Political Economy - Advisory Board, Brookings Panel on Economic Activity - Chair: Economic Policy Committee of the Organization for Economic Cooperation and Development - President’s Interagency Committee on Women’s Business Enterprise - Member and adviser: Brookings Panel on Economic Activity (senior advisor); Advisor Panel in Economics, National Science Foundation - Advisor: Congressional Budget Office - Research fellow: Yale University, and Massachusetts Institute of Technology

    Current Research and Interests
    - Unemployment and labor markets - Monetary and fiscal policies - International trade and investment policy

    Selected Papers and Publications
    - The Fabulous Decade: Macroeconomic Lessons from the 1990s, _with Alan Binder. New York: The Century Foundation Press, 2001. - “Trends in Income Inequality and Policy Responses.” _Looking Ahead (October 1997). - “The Inequality Paradox: Growth of Income Disparity.” National Policy Association (1998). - “The Continuing Importance of Trade Liberalization.” Business Economics (1998). - “Monetary Policy: Goals and Strategy.” Business Economics (July 1996). - “An Analysis of Out-of-Wedlock Childbearing in the United States,” with George Akerlof and Michael Katz. Journal of Economics (May 1996). - “East Germany In From the Cold: The Economic Aftermath of Currency Union,” with George Akerlof, Andrew Rose, and Helga Hessenius. Brookings Papers on Economic Activity _1991:1. - “How Large Are the Losses from Rule of Thumb Behavior in Models of the Business Cycle?” with George Akerlof, in _Money, Macroeconomics and Economic Policy: Essays in Honor of James Tobin, edited by Willima Brainard, William Nordhaus, and Harold Watts, Cambridge, Mass.: MIT Press, 1991.

    Honors and Awards
    - Fellow, American Academy of Arts and Sciences, 2001 - Fellow, Yale Corporation, 2000 - Honorary Doctor of Humane Letters Degree, Bard College, May 2000 - Honorary Doctor of Laws Degree, Brown University, 1998 - Maria and Sidney Rolfe Award for National Economic Service, Women’s Economic Roundtable, 1997 - Wilbur Lucius Cross Medal, Yale University, 1997 - Honorary Woodrow Wilson Fellowship, 1967 - Guggenheim Fellow, 1986-1987 - Earl F. Cheit Award for Excellence in Teaching (Evening MBA Program), 1988 - Earl F. Cheit Award for Excellence in Teaching (MBA Program), 1985
    Facts and Figures about Janet Yellen

    Brookings Institution

    Janet L. Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, as well as an adviser to the Magellan Group. Dr. Yellen previously served as Chair of the Federal Reserve Board (2014-2018), as Vice Chair of the Federal Reserve Board (2010-2014), as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco (2004-2010), and as Chair of the White House Council of Economic Advisors (1997-1999).

    Dr. Yellen is Professor Emerita at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics (1999-2006) and has been a faculty member since 1980. Prior to Berkeley, she was assistant professor of economics at Harvard University (1971-1976), an economist at the Federal Reserve Board (1977-1978), and a lecturer at the London School of Economics (1978-1988).

    In 2012, Dr. Yellen was appointed Distinguished Fellow of the American Economic Association, for which she served as a Vice President (2004-2005), and where she is currently President. Dr. Yellen is a member of the American Academy of Arts and Sciences, the Council on Foreign Relations, the Economic Strategy Group of the Aspen Institute, the Group of Thirty, and the Climate Leadership Council (for which she was a founding member). She serves on the advisory boards of the Bloomberg New Economic Forum, the Committee for a Responsible Federal Budget and Fix the Debt Coalition (CRFB), and the Washington Center for Equitable Growth Steering Committee. She was elected to the Yale Corporation as an alumni fellow in 2000, serving until 2006.

    Dr. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in economics from Yale University in 1971. Yale awarded Yellen the Wilbur Cross Medal in 1997 for distinguished achievements in scholarship, teaching, academic administration, and public service and an Honorary Doctor of Social Science degree in 2015. In 1998, Brown awarded her an Honorary Doctor of Laws degree, and in 2000, Bard College awarded her a Doctor of Humane Letters. She has also received honorary degrees from NYU, the London School of Economics, the University of Baltimore, and the University of Warwick.

    Her scholarship has covered a range of macroeconomic issues, with a special focus on the causes, mechanisms, and implications of unemployment. She has authored numerous articles, as well as The Fabulous Decade: Macroeconomic Lessons from the 1990s, with Alan Blinder (Century Foundation Press, 2001).

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