Randall Kroszner

Randall S. Kroszner
Randall S. Kroszner
Born	June 22, 1962 (age 64); Englewood, New Jersey, U.S.
Occupation(s)	Economist, academic
Years active	1990–present
Known for	Member of the Federal Reserve Board of Governors (2006–2009), Norman R. Bobins Professor of Economics at University of Chicago Booth School of Business

Randall S. Kroszner (born June 22, 1962) is an American economist who was a member of the Federal Reserve Board of Governors from 2006 until 2009. During the 2008 financial crisis, he chaired the Committee on Supervision and Regulation of Banking Institutions. Since the 1990s, he has held a professorship in economics at the University of Chicago, being named the Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business in 2009. Presently, he acts as a senior advisor at Patomak Partners.

Early life and education

Born in Englewood, New Jersey, Kroszner completed his undergraduate studies at Brown University in 1984, graduating magna cum laude with a B.A. in applied mathematics and economics. He then pursued graduate education at Harvard University, where he earned an M.A. in 1987 and a Ph.D. in economics in 1990.

Professional career

Kroszner holds the title of Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business. His academic career advanced from assistant professor (1990–1994) to full professor by 1999. He has led the George J. Stigler Center for the Study of the Economy and the State and served as editor for the Journal of Law and Economics. His professional associations include roles as a visiting scholar at the American Enterprise Institute, research associate at the National Bureau of Economic Research, director at the National Association for Business Economics, and membership on the Federal Economic Statistics Advisory Committee within the Bureau of Labor Statistics.

Internationally, Kroszner has been a visiting scholar at institutions such as the Securities and Exchange Commission, International Monetary Fund (IMF), Stockholm School of Economics, Free University of Berlin, Stockholm University, and London School of Economics. Additionally, he was appointed John M. Olin Visiting Fellow in Law and Economics at the University of Chicago Law School and served as Bertil Danielson Visiting Professor of Banking and Finance at Stockholm School of Economics.

Currently, he is engaged as a senior professional with Patomak Global Partners LLC.

George W. Bush administration

Between 2001 and 2003, Kroszner was a member of the President's Council of Economic Advisers (CEA), where he contributed significantly to policy development addressing corporate governance crises. His advisory scope encompassed banking and financial regulation, government-sponsored enterprises, pension reforms, terrorism risk insurance, tax policies, currency crisis interventions, sovereign debt restructuring, IMF matters, international trade issues, and economic development strategies.

Federal Reserve career

Prior to his appointment to the Board of Governors, Kroszner occupied various positions within the Federal Reserve System. These included serving as a visiting scholar at the Board of Governors and acting as a research consultant for the Federal Reserve Bank of Chicago. He also held visiting scholar appointments with several Federal Reserve Banks including those in New York City, St. Louis, Kansas City, and Minneapolis.

Economic views

Kroszner's economic philosophy aligns with principles associated with the Chicago school of economics.

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