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Steven Kamin: The Federal Reserve in the Global Economy
April 21, 2021 @ 11:00 am - 12:00 pm
On April 21, 2021, Steven Kamin was a guest lecturer in Professor Menzie Chinn’s course: Macroeconomic Policy and International Financial Regulation in the Master of International Public Affairs (MIPA).
This presentation will review the spillovers of U.S. monetary policy to foreign economies, the centrality of the dollar in the global financial system, and that actions taken by the Federal Reserve to stabilize financial markets and support economic activity during the pandemic.
Steven B. Kamin is a resident scholar at the American Enterprise Institute (AEI), where he studies international macroeconomic and financial issues. Before joining AEI, Dr. Kamin was the director of the Division of International Finance at the Federal Reserve Board, where he guided the direction of economic research and the formulation of the staff’s global economic forecast, which he presented to the Federal Open Market Committee. Dr. Kamin was a principal adviser on international economic and financial policy matters to the Federal Reserve’s chair and other board members. He represented the Fed before international groups such as the G7, the G20, and the Bank for International Settlements (BIS) Committee on the Global Financial System. In addition to holding a range of other positions during his 32 years at the Fed, Dr. Kamin served as a visiting economist at the BIS, a senior economist at the White House Council of Economic Advisers, and a consultant for the World Bank. His writings on international macroeconomics and finance have been published widely, including in International Finance, Journal of Development Economics, Journal of International Money and Finance, Journal of Money, Credit and Banking, Journal of Policy Modeling, and Review of International Economics. Dr. Kamin has a BA in economics and history from the University of California, Berkeley, and a doctorate in economics from the Massachusetts Institute of Technology.