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Lee E. Ohanian



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Lee Ohanian is a consultant to the Federal Reserve Bank of Minneapolis, a professor of economics at the University of California–Los Angeles, and a Senior Fellow at the Hoover Institution at Stanford University. He has been affiliated with the Bank since 1993 and has also taught at the University of Minnesota, the University of Pennsylvania, Arizona State University, and the Stockholm School of Economics.

Lee’s research focuses on macroeconomic policy, business cycle theory, and economic growth. Recently he has examined the dynamics of major depressions, and he is writing a macroeconomics textbook with Thomas Cooley. His work has appeared in journals such as the Journal of Political Economy, the American Economic Review, Econometrica, and the Review of Economic Studies.

Lee received his B.A. in economics from the University of California–Santa Barbara in 1979 and his Ph.D. from the University of Rochester in 1993. Before earning his Ph.D., he worked as an economist in the airline and banking industries. He is also a research associate at the National Bureau of Economic Research and, with Jeremy Greenwood, directs the NBER working group Macroeconomics Across Time and Space.

Recent Minneapolis Fed Work

Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America
May 2018 - Staff Report
Published In: American Economic Review (vol. 108 no. 12, December 2018, pp. 3541-3582)

Who Defaults on Their Mortgage, and Why? Policy Implications for Reducing Mortgage Default
September 2017 - Economic Policy Papers

Foreclosure Delay and the U.S. Labor Market
May 2016 - Economic Policy Papers

Competition and the Decline of the Rust Belt
December 2014 - Economic Policy Papers

Paychecks or Promises? Lessons from the Death Spiral of Detroit
September 2014 - The Region

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