The Federal Reserve Bank of Minneapolis announced today that President Narayana Kocherlakota has accepted a position as the inaugural Lionel W. McKenzie Professor of Economics at the University of Rochester. His appointment is effective Jan. 1, 2016.
“I am truly honored to have been selected to serve as the first Lionel McKenzie Professor at the University of Rochester,” Kocherlakota said. “The university has a long, rich academic history with eight Nobel prize winners among its faculty and alumni, and I am excited to become a member of such a distinguished institution.”
Before his appointment as president the Federal Reserve Bank of Minneapolis, Kocherlakota served as a member of the Minneapolis Fed’s Research staff, as well as a Research consultant for the Bank. His prior experience also includes professorships at the University of Minnesota, where he was chair of the Economics Department, and at Stanford University.
Randy Hogan, chairman of the Minneapolis Fed’s board of directors, expressed his appreciation for Kocherlakota’s service. “On behalf of the board of directors, we want to express our appreciation and gratitude to Narayana for his visionary leadership and great contributions to the Bank and to the Federal Reserve System. We wish him the greatest success at the University of Rochester.”
For more information, please see the University of Rochester’s announcement.