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

Speeches

• More on Taxing Risk,
  Montréal, Québec, Canada, July 7, 2010   [PDF]
• Entrepreneurs and the Economy,
  Minneapolis, Minnesota, June 11, 2010   [PDF] [Audio]
• Commencement Address,
  Minneapolis, Minnesota, May 16, 2010   [PDF]
• Economic Outlook and Economic Choices,
  Altoona, Wisconsin, May 13, 2010   [PDF] [Audio]
• Taxing Risk,
  Minneapolis, Minnesota, May 10, 2010   [PDF]

Articles and Messages

• Failure to Communicate?, The Region, June 2010
• Taxing Risk and the Optimal Regulation of Financial Institutions, The Region, June 2010
• Taxing Risk and the Optimal Regulation of Financial Institutions, Economic Policy Papers, May 2010
• Message from the President, The Region, May 2010
• Modern Macroeconomic Models as Tools for Economic Policy, The Region, May 2010

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