Narayana Kocherlakota
President
Speeches, Articles and Research
How to pronounce his name:
Nair-ah-yah-nah Koach-er-lah-ko-tah
(PDF)
Narayana Kocherlakota became the 12th president of the Federal Reserve Bank of Minneapolis on Oct. 8, 2009.
Prior to becoming president of the Federal Reserve Bank of Minneapolis, Kocherlakota was a professor of economics at the University of Minnesota, where he previously chaired the economics department, and a consultant to the Federal Reserve Bank of Minneapolis. He was also a research associate at the National Bureau of Economic Research. From 1996 to 1998, he was a Research staff member at the Minneapolis Fed.
View Narayana Kocherlakota's full biography
As Minneapolis Fed President
- Making Monetary Policy: Public Contingency Planning Using a Mandate Dashboard,
Stanford, California, November 29, 2011 - Making Monetary Policy: Public Contingency Planning Using a Mandate Dashboard - Transcript of Video Summary,
Stanford, California, November 29, 2011 - Looking Back at Four Years of Federal Reserve Actions,
Winnipeg, Manitoba, Canada, November 22, 2011 - Looking Back at Four Years of Federal Reserve Actions,
Sioux Falls, South Dakota, November 8, 2011 - Further Thoughts on Making Monetary Policy,
Minneapolis, Minnesota, October 21, 2011
Articles, Papers and Messages
- Kocherlakota Discusses FOMC Experiences in an Interview for an Employee Newsletter, Messages, January 2012
- The Value of Outreach, The Region, December 2011
- Kocherlakota Congratulates Thomas Sargent and Christopher Sims, Winners of the 2011 Prize in Economic Sciences in Memory of Alfred Nobel, Messages, October 2011
- The Importance of Teaching Teachers, The Region, September 2011
- Statement by Narayana Kocherlakota on Dissenting Vote at August 9, 2011, Meeting of the Federal Open Market Committee, Messages, August 2011
View all speeches, articles and messages by Kocherlakota
Research as a Minneapolis Fed Economist
- Money and Bonds: An Equivalence Theorem
July 2007 - Staff Report 393 - Household Heterogeneity and Real Exchange Rates
April 2006 - Staff Report 372
Published In: Economic Journal (Vol. 117, 2007, pp. C1-C25) - Optimal Monetary Policy: What We Know and What We Don’t Know
October 2005 - Quarterly Review 2912
Published In: International Economic Review (Vol. 46, No. 2, May 2005, pp. 715-729) - Optimal Indirect and Capital Taxation
September 2001 - Staff Report 293
Published In: Review of Economic Studies (Vol. 70, No. 3, July 2003, pp. 569-587) - Looking for Evidence of Time-Inconsistent Preferences in Asset Market Data
July 2001 - Quarterly Review 2532 - Optimal Indirect and Capital Taxation
June 2001 - Working Paper 615
View all research by Kocherlakota at the Minneapolis Fed
Prior Economic Research
This list includes only a selection of papers; view all prior research for more, sorted by topic and date. See CV [PDF] for full citations.
Asset Pricing and Portfolio Choice
- "Asset Pricing Implications of Pareto Optimality with Private Information," Journal of Political Economy, joint with L. Pistaferri, 2009.
- "Injecting Rational Bubbles," Journal of Economic Theory, 2008.
- "Household Heterogeneity and Real Exchange Rates," Economic Journal, joint with L. Pistaferri, 2007.
Cycles and Growth
- "Creating Business Cycles Through Credit Constraints," Federal Reserve Bank of Minneapolis Quarterly Review, 2000.
- "Using Theory for Measurement: Measuring the Cyclical Behavior of Home Production," Journal of Monetary Economics, joint with B. F. Ingram and N. E. Savin, 1997.
- "Is there Endogenous Long Run Growth? Evidence from the United States and the United Kingdom," Journal of Money, Credit, and Banking, joint with K. Yi, 1997.
Dynamic Contracting and Dynamic Games
- “Nonseparable Preferences and Optimal Social Security Systems,” Journal of Economic Theory, joint with B. Grochulski, forthcoming.
- "Asset Pricing Implications of Pareto Optimality with Private Information," Journal of Political Economy, joint with L. Pistaferri, 2009.
- "Household Heterogeneity and Real Exchange Rates," Economic Journal, joint with L. Pistaferri, 2007.
Money and Banking
- "Internal Debt Crises and Sovereign Defaults," working paper, joint with C. Arellano, 2008.
- "Forbearance and Prompt Corrective Action," Journal of Money, Credit, and Banking, joint with I. Shim, 2007.
- "Model Fit and Model Selection," Federal Reserve Bank of St. Louis Review, 2007.
Optimal Taxation
- “Nonseparable Preferences and Optimal Social Security Systems,” Journal of Economic Theory, joint with B. Grochulski, forthcoming.
- “The New Dynamic Public Finance,” July 2010, Princeton University Press
- “On the Robustness of Laissez-Faire,” Journal of Economic Theory, joint with C. Phelan, 2009.
View all prior research by Kocherlakota sorted by topic and date