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Fed economist leads research at Aston.

An esteemed Federal Reserve economist has joined Aston Business School for an eight-month secondment where his lecturing and research will focus on economic recovery.

Dr Richard Anderson, vice-president of the Federal Reserve Bank in St Louis and an pre-eminent economic researcher in the US, will be visiting Aston Business School to carry out joint research in collaboration with Dr

His work will focus on the reaction of households and firms to government monetary policy in the US and the UK, how this has affected the financial climate and how it can assist economic recovery.

The secondment will be funded by a Leverhulme Trust award which brings researchers to the UK from overseas who have skills and experience not otherwise readily available.

Dr Anderson will also be meeting with Aston Business School staff and PhD students to share his expertise in finance and will present the 'Monetary Policy in Practice' lecture on undergraduate and postgraduate programmes.

He will also deliver a series of lectures at a number of UK and European research institutions.

Aston Business School has enjoyed a well-established relationship with the Federal Reserve banking system since 2005.

The Fed places significant importance on ongoing research and has worked jointly with Aston on a number of research projects.

Dr Anderson said: "I'm delighted to have been given the opportunity to work at Aston Business School on an eight month secondment.

"The school has an international reputation for delivering excellent economics courses and for engaging in high quality business research.

"To work with the economics and strategy group on important research into economic recovery and to play a small role in educating the economists of tomorrow is a great privilege."

Dr Jane Binner, economics and strategy group, Aston Business School, added: "We're delighted to have Dr Anderson on board for such a significant period of time.

"His contributions, as an extremely high profile economist in the US, will be invaluable to Aston's research and teaching practices.

"Richard has visited the university many times before and he is always an inspiration to both faculty and students alike.

"His role as vice president of the Federal Reserve Bank of St Louis, and his experience as an economist for the board of governors of the Federal Reserve System and the Federal Open Market Committee, will bring a wealth of knowledge and experience to staff and students, as well as key policymakers at the Bank of England and European Central Bank whom he'll be working with during his visit."

The St. Louis Fed is one of the 12 regional Reserve banks in the Federal Reserve system, with each of the banks sharing similar duties but maintaining their independence from one another.

The secondment comes as Aston Business School earlier this month announced it was launching a groundbreaking Islamic Finance and Business Centre - the first of its kind in Europe.

The centre has been developed as a result of a pounds 1.5 million grant from Dubai business Surgi-Tech, the largest gift on record for the university.

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Dr Jane Binner and Dr Richard Anderson at Aston University's central Birmingham campus.
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Jan 28, 2010
Words:516
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