

Narayana Kocherlakota Former President and Chief Executive Officer (2009-2015)
Ph.D. in economics from the University of Chicago; A.B. in mathematics from Princeton
Narayana Kocherlakota was president and chief executive officer of the Federal Reserve Bank of Minneapolis from October 8, 2009 through December 31, 2015. In that capacity, Kocherlakota served on the Federal Open Market Committee, the policymaking arm of the Federal Reserve System. In addition to his responsibilities as a monetary policymaker, Kocherlakota oversaw all operations of the bank, including supervision and regulation, and payments services.
Before his appointment as president, Kocherlakota served as a member of the Minneapolis Fed’s Research staff, as well as a Research consultant for the Bank. His prior experience also includes professorships at the University of Minnesota, where he was chair of the Economics Department, and at Stanford University. Kocherlakota has published more than 30 articles in academic journals on a variety of topics, including monetary and financial economics. His work includes theoretical and empirical contributions to monetary economics and financial economics. Kocherlakota was named one of the top 100 Global Thinkers by Foreign Policy magazine in 2012.
Kocherlakota earned a Ph.D. in economics from the University of Chicago in 1987 and an A.B. in mathematics from Princeton in 1983.
Content by Narayana
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Communication
December 18, 2015Article
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Monetary Policy Renormalization
December 4, 2015Speech
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Still Room for Improvement
October 8, 2015Speech
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Discussion of: “Should the FOMC Have a Ternary Mandate?”
Speech on October 2, 2015Speech
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Raising Rates Now Would Be a Mistake
September 29, 2015Article
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Public Debt and the Long-Run Neutral Real Interest Rate
September 8, 2015Speech
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Opening Remarks
September 3, 2015Speech
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Public Debt and the Long-Run Neutral Real Interest Rate
August 19, 2015Speech
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A step in the wrong direction
August 18, 2015Article
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Fiscal Policy and the Long-Run Neutral Real Interest Rate
July 9, 2015Speech
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Persistent Poverty on Indian Reservations: New Perspectives and Responses
June 9, 2015Article
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Room for Improvement
May 28, 2015Speech
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Message from the President
May 18, 2015Article
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Opening Remarks
May 5, 2015Speech
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Opening Remarks
April 14, 2015Speech
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We Can Do Better
April 10, 2015Speech
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We Can Do Better
April 7, 2015Speech
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Persistent Poverty on Indian Reservations: New Perspectives and Responses
April 3, 2015Speech
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Thoughts on Monetary Policy and Community Banks
February 3, 2015Speech
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Goal-Based Monetary Policy Report
January 16, 2015Speech
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Goal-Based Monetary Policy Report
January 13, 2015Speech
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Opening Remarks
Speech on January 8, 2015Speech
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An Evening with Narayana Kocherlakota
Event on January 8, 2015Event
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Rules Versus Discretion: A Reconsideration
January 4, 2015Speech
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Statement on Dissenting Vote at December 17, 2014 Meeting of the FOMC
December 19, 2014Article
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Clarifying the Meaning of Price Stability
December 1, 2014Article
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Clarifying the Objectives of Monetary Policy
November 18, 2014Speech
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State of the West Symposium
November 13, 2014Speech
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Clarifying the Objectives of Monetary Policy
November 12, 2014Speech
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2014 Bank of Canada Annual Conference
November 7, 2014Speech
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Clarifying the Objectives of Monetary Policy
November 5, 2014Speech
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Clarifying the Objectives of Monetary Policy
October 16, 2014Speech
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Clarifying the Objectives of Monetary Policy
October 7, 2014Speech
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On the Objectives of Monetary Policy
September 22, 2014Speech
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The Current and Future State of Community Banking
September 16, 2014Article
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Opening Remarks
September 4, 2014Speech
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The Current and Future State of Community Banking
August 15, 2014Speech
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An Evening with Narayana Kocherlakota - held in Helena
Event on September 4, 2014Event
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Monetary Policy Report to the Minnesota Business Partnership
July 8, 2014Speech
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Conversation With Students at Eastview High School
July 1, 2014Speech
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Reflections on Diversity
June 13, 2014Article
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Low Real Interest Rates
June 5, 2014Speech
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Monetary Policy Report to the Economic Club of Minnesota
May 21, 2014Speech
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Reflections on Diversity
May 9, 2014Speech
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Message from the President
April 30, 2014Article
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Opening Remarks
April 15, 2014Speech
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Discussion of Robert Hall's Paper
April 12, 2014Speech
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Monetary Policy Report to the People of Rochester, Minnesota
April 8, 2014Speech
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2014 International Research Forum on Monetary Policy
March 21, 2014Speech
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Discussion of 2014 USMPF Monetary Policy Report
February 28, 2014Speech
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Opening Remarks
January 9, 2014Speech
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Economics at the Federal Reserve Banks
January 4, 2014Speech
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Fed Marks 100 Years
December 12, 2013Article
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Lessons from Lars
December 3, 2013Speech
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Too-Big-to-Fail: The Role of Metrics
November 18, 2013Speech
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A Time of Testing
November 12, 2013Speech
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An Evening with Narayana Kocherlakota
Event on January 9, 2014Event
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Better Health Through Better Collaboration
November 1, 2013Speech
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A Time of Testing
October 17, 2013Speech
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A Time of Testing
October 4, 2013Speech
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La Crosse Town Hall
October 3, 2013Article
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A Time of Testing
September 26, 2013Speech
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A Time of Testing - Executive Summary
September 26, 2013Speech
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Optimal Outlooks
September 20, 2013Speech
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Opening Remarks
September 4, 2013Speech
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Achieving the Dual Mandate, Together
June 10, 2013Article
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Evaluating the Appropriateness of U.S. Monetary Policy
June 1, 2013Speech
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Connecting Asset and Labor Markets in a Heterogeneous Agent Model
June 1, 2013Speech
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61st Annual Management Conference of the University of Chicago Booth School of Business
May 17, 2013Speech
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Impact of a Land Price Fall When Labor Markets are Incomplete
April 22, 2013Article
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Low Real Interest Rates - Executive Summary
April 18, 2013Speech
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Low Real Interest Rates
April 18, 2013Speech
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Improving the Outlook with Better Monetary Policy
April 16, 2013Speech
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Operational Implications of the FOMC's Principles Statement
April 13, 2013Speech
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Improving the Outlook with Better Monetary Policy
April 2, 2013Speech
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Improving the Outlook with Better Monetary Policy
March 27, 2013Speech
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Better Policy through Better Communication: Two Conversations with Narayana Kocherlakota
March 4, 2013Article
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Message from the President
March 4, 2013Article
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Past, Present and Future: The Macroeconomy and Federal Reserve Actions
January 16, 2013Speech
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Past, Present and Future: The Macroeconomy and Federal Reserve Actions
January 16, 2013Speech
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Past, Present and Future: The Macroeconomy and Federal Reserve Actions
January 15, 2013Speech
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Conversations with the Fed
January 10, 2013Speech
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An Evening with Narayana Kocherlakota
Event on January 10, 2013Event
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Public Policy, Public Input
December 21, 2012Article
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Conference on Macro-Finance Linkages
November 30, 2012Speech
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Directors Tour the Bakken Oil Patch
November 5, 2012Article
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Duluth Town Hall
October 30, 2012Speech
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Message from the President
October 25, 2012Article
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More Thoughts on a Liftoff Plan
October 10, 2012Speech
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Planning for Liftoff - Video Summary
September 20, 2012Speech
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Planning for Liftoff
September 20, 2012Speech
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Welcoming Remarks
August 27, 2012Speech
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The Role of Federal Reserve Bank Directors
August 15, 2012Speech
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Q&A with Ninth District Teachers Following Chairman Bernanke’s Teacher Town Hall
August 7, 2012Speech
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Remarks for Helena Branch Director Joe McDonald's Retirement
August 2, 2012Speech
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Incomplete Labor Markets - Presentation Slides
July 13, 2012Article
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Welcome Remarks for Beyond the Border Conference
June 28, 2012Speech
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Sargent and Sims: Only Connecting
June 15, 2012Article
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Optimal Outlooks - Executive Summary
June 8, 2012Speech
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Monetary Policy Transparency: Changes and Challenges
June 7, 2012Speech
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Optimal Outlooks - Executive Summary
June 3, 2012Speech
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Monetary Policy Transparency: Changes and Challenges
May 23, 2012Speech
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Monetary Policy Transparency: Changes and Challenges
May 10, 2012Speech
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Toward a More Transparent FOMC
May 9, 2012Speech
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What's Different about Economic Development in Indian Country?
May 1, 2012Speech
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Thoughts about the Outlook
April 12, 2012Speech
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Thoughts about the Outlook
April 10, 2012Speech
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Central bank independence and sovereign default
April 1, 2012Article
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On the Limits to Monetary Policy - Executive Summary
March 31, 2012Speech
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Incomplete Labor Markets
March 21, 2012Article
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On the Limits to Monetary Policy - Executive Summary
March 20, 2012Speech
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The Value of Outreach
December 21, 2011Article
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Making Monetary Policy: Public Contingency Planning Using a Mandate Dashboard - Transcript of Video Summary
November 29, 2011Speech
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Making Monetary Policy: Public Contingency Planning Using a Mandate Dashboard
November 29, 2011Speech
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Looking Back at Four Years of Federal Reserve Actions
November 22, 2011Speech
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Looking Back at Four Years of Federal Reserve Actions
November 8, 2011Speech
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Further Thoughts on Making Monetary Policy
October 21, 2011Speech
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The Importance of Teaching Teachers
October 20, 2011Speech
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Making Monetary Policy
October 13, 2011Speech
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The Importance of Teaching Teachers
September 27, 2011Article
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Central Bank Independence and Sovereign Default
September 26, 2011Speech
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Communication, Credibility and Implementation: Some Thoughts on Current, Past and Future Monetary Policy
September 6, 2011Speech
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Communication, Credibility and Implementation: Some Thoughts on Current, Past and Future Monetary Policy
August 30, 2011Speech
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Labor Markets and Monetary Policy
August 2, 2011Article
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Message from the President
August 2, 2011Article
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Re-thinking Leverage Subsidies
June 27, 2011Speech
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Re-thinking Leverage Subsidies - Transcript of Video Summary
June 27, 2011Speech
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Economic Development in Indian Country
June 1, 2011Article
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Some Contingent Planning for Monetary Policy
May 25, 2011Speech
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Some Contingent Planning for Monetary Policy
May 11, 2011Speech
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Some Contingent Planning for Monetary Policy
May 5, 2011Speech
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Economic Development in Indian Country
April 14, 2011Speech
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The Future of Mortgage Lending
April 5, 2011Speech
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Central Bank Independence and Sovereign Default
April 1, 2011Speech
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Bubbles and Unemployment
March 25, 2011Speech
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Labor Markets and Monetary Policy
March 3, 2011Speech
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It’s a Wonderful Fed
February 22, 2011Speech
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It’s a Wonderful Fed
February 3, 2011Speech
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It’s a Wonderful Fed
January 11, 2011Speech
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On the Road: A Two-Way Street
December 1, 2010Article
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Monetary Policy Actions and Fiscal Policy Substitutes
November 30, 2010Speech
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Monetary Policy, Labor Markets, and Uncertainty
November 22, 2010Speech
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Monetary Policy Actions and Fiscal Policy Substitutes
November 18, 2010Speech
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The Tools of the FOMC
October 19, 2010Speech
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The Tools of the FOMC
October 14, 2010Speech
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Economic Outlook and the Current Tools of Monetary Policy
September 29, 2010Speech
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Back Inside the FOMC
September 8, 2010Speech
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An Introduction to the FOMC
September 1, 2010Article
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Inside the FOMC
August 17, 2010Speech
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More on Taxing Risk
July 7, 2010Speech
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Entrepreneurs and the Economy
June 11, 2010Speech
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Taxing Risk and the Optimal Regulation of Financial Institutions
June 1, 2010Article
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Failure to Communicate?
June 1, 2010Article
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Taxing Risk and the Optimal Regulation of Financial Institutions
May 18, 2010Article
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Commencement Address
May 16, 2010Speech
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Economic Outlook and Economic Choices
May 13, 2010Speech
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Taxing Risk
May 10, 2010Speech
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Modern Macroeconomic Models as Tools for Economic Policy
May 4, 2010Article
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Message from the President
May 4, 2010Article
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Economic Recovery and Balance Sheet Normalization
April 8, 2010Speech
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Economic Recovery and Balance Sheet Normalization
April 6, 2010Speech
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The Economy and Why the Federal Reserve Needs to Supervise Banks
March 2, 2010Speech
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Remarks on: “Financial Conditions Indexes:
A Fresh Look at the Crisis”February 26, 2010Speech -
The Economy and Why the Federal Reserve Needs to Supervise Banks
February 16, 2010Speech
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Work to be Done
December 1, 2009Article
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Money and Bonds: An Equivalence Theorem
July 1, 2007Research
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Household Heterogeneity and Real Exchange Rates
April 1, 2006Research
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Optimal Monetary Policy: What We Know and What We Don’t Know
October 1, 2005Research
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Optimal Indirect and Capital Taxation
September 1, 2001Research
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Looking for Evidence of Time-Inconsistent Preferences in Asset Market Data
August 1, 2001Research
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Optimal Indirect and Capital Taxation
June 1, 2001Research
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Building Blocks for Barriers to Riches
March 1, 2001Research
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Finite Memory and Imperfect Monitoring
March 1, 2001Research
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Finite Memory and Imperfect Monitoring
September 1, 2000Research
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Creating Business Cycles Through Credit Constraints
August 1, 2000Research
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Risky Collateral and Deposit Insurance
August 1, 2000Research
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Societal Benefits of Nominal Bonds
August 1, 2000Research
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Explaining the Fiscal Theory of the Price Level
November 1, 1999Research
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Efficient Allocations with Hidden Income and Hidden Storage
June 1, 1999Research
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Dynamic Games With Hidden Actions and Hidden States
September 1, 1998Research
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The Technological Role of Fiat Money
August 1, 1998Research
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Zero Nominal Interest Rates: Why They’re Good and How to Get Them
May 1, 1998Research
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Dynamic Games With Hidden Actions and Hidden States
July 1, 1997Research
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A Microfoundation for Incomplete Security Markets
March 1, 1997Research
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Optimal Allocations With Incomplete Record-Keeping and No Commitment
February 1, 1997Research
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Money is Memory
October 1, 1996Research
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Why Should Older People Invest Less in Stocks Than Younger People?
August 1, 1996Research
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The Equity Premium: It's Still a Puzzle
August 1, 1995Research
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Measuring the Cyclical Behavior of Home Production: A Macroeconomic Analysis
August 1, 1995Research