Marvin Goodfriend

The Friends of Allan H. Meltzer Professor
Professor of Economics

PHONE

412-268-8459

OFFICE

POS - Posner Hall - Room 257C

AREA OF EXPERTISE

Economics

EDUCATION

Brown University - Ph D - 1980
Union College - BS - 1972

TEACHING AND RESEARCH INTERESTS

Macroeconomic fluctuations; monetary theory and policy; banking and financial markets; economic development

BIOGRAPHY

Marvin Goodfriend is the Friends of Allan Meltzer Professor of Economics at Carnegie Mellon’s Tepper School of Business where his teaching and research focus on macroeconomic fluctuations, money and banking, international finance, and economic development. Before coming to Carnegie Mellon he was director of research and policy advisor at the Federal Reserve Bank of Richmond, regularly attending meetings of the Federal Open Market Committee at the Board of Governors of the Federal Reserve System in Washington, DC. from 1993 to 2005. Dr. Goodfriend was a visiting economist at the Federal Reserve Board in 1982-3. He served as a senior staff economist for the President’s Council of Economic Advisors at the White House in 1984-5. He was a visiting professor of business economics at the University of Chicago’s Graduate School of Business from September 1988 to June 1990. He has taught at the universities of Rochester, Stanford, and Virginia. He has been a visiting scholar at the Bank of Japan, the European Central Bank, de Nederlandsche Bank, the Federal Reserve Board, the Institute for International Economic Studies at the University of Stockholm, the International Monetary Fund, the Swiss National Bank, and the Federal Reserve Banks of Atlanta, Cleveland, Kansas City, and New York. He has served on three-person panels to evaluate research and policy advice at the European Central Bank, Norges Bank, the Swedish Riksbank, and the Swiss National Bank. He has taught short courses on monetary theory and policy in China, Germany, Japan, Korea, and Switzerland. Dr. Goodfriend is a research associate of the National Bureau of Economic Research. He is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York and a past member of its Monetary Policy Panel. He is an honorary advisor of the Institute for Monetary and Economic Studies at the Bank of Japan and a member of the Shadow Open Market Committee. Dr. Goodfriend is coeditor of the Carnegie Rochester Conference Series on Public Policy and has served on the editorial boards of the Journal of Money, Credit, and Banking, the International Journal of Central Banking, and the Journal of Monetary Economics. Dr. Goodfriend holds a Ph.D. in economics from Brown University and a B.S. in mathematics from Union College. October 2012

PUBLICATIONS

  • Review of the Riksbank's Monetary Policy 2010-2015

    (author(s): Marvin Goodfriend, Mervyn King) Swedish Riksdag (Swedish Parliament), 2016; 144 pages

  • Federal Reserve Policy Today in Historical Perspective (2012)

    Federal Reserve Bank of Clevelend, 2015

  • Lessons from a Century of Fed Policy: Why Monetary and Credit Policies Need Rules and Boundaries
    Conference Volume: Frameworks for Central Banking in the Next Century: A Special Issue on the Occasion of the Centennial of the Founding of the Federal Reserve, Guest Editors M. Bordo, W. Dupor, and J. B. Taylor

    Elsevier 49(December 2014), 2014; 112-120

  • Monetary Policy as a Carry Trade

    Bank of Japan 32(November 2014), 2014; 29-44

See More

AWARDS AND HONORS

  • MBA Program, Tepper School of Business - George Leland Bach Excellence in Teaching Award (2016)
  • Undergraduate Economics Program, Tepper School of Business - Excellence in the Classroom Teaching Award (2007)
Marvin Goodfriend