Frederic Mishkin

Frederic Stanley "Rick" Mishkin (born January 11, 1951) is an American economist and professor at the Columbia University Graduate School of Business. He served as a member of the Federal Reserve Board of Governors from 2006 to 2008.

Early life and education Mishkin was born in New York City to Sidney Mishkin and Jeanne Silverstein. His father endowed the Mishkin Gallery at Baruch College of the City University of New York.

He attended the Fieldston School, and later earned both a B.S. (1973) and a Ph.D. (1976) in economics from the Massachusetts Institute of Technology. His doctoral advisor was Stanley Fischer. In 1999, he was awarded an honorary professorship by the People's (Renmin) University of China. He was a research associate at the National Bureau of Economic Research from 1980 to 2006,

From 1994 to 1997, Mishkin served as Executive Vice President and Director of Research at the Federal Reserve Bank of New York , and was an associate economist of the Federal Open Market Committee. He also edited the bank’s Economic Policy Review and served on its editorial board. Additionally, he served on the International Advisory Board of South Korea's Financial Supervisory Service

In 2006, he co-authored the report Financial Stability in Iceland, commissioned by the Icelandic Chamber of Commerce in response to international media criticism. The report stated that Iceland's economic fundamentals were strong. Mishkin received $124,000 for co-authoring the report.

Iceland experienced a major financial collapse two and a half years later. The 2010 documentary film Inside Job claimed that Mishkin’s curriculum vitae (CV) had listed the report title as Financial Instability in Iceland instead. Director Charles H. Ferguson responded to Mishkin’s remarks on the same blog.

Mishkin was confirmed as a member of the Federal Reserve Board of Governors on September 5, 2006, to fill an unexpired term ending January 31, 2014.

Authorships and publications Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books and has published articles in professional journals and books. Mishkin has served on the editorial boards of economic journals including American Economic Review, Macroeconomics and Monetary Economics Abstracts,