Skip to main content
photo of Terry J. Fitzgerald

Terry J. Fitzgerald Vice President & Assistant Director, Economic Analysis

Minneapolis, Minnesota USA

Research interests

Monetary economics, Labor economics, Business cycle theory

Terry advises the Bank’s president on monetary policy and coordinates policy briefings in preparing for Federal Open Market Committee meetings. He also oversees and provides support for other key policy initiatives and for the Bank’s board of directors.

Terry speaks regularly to public audiences on the role of the Federal Reserve in promoting a healthy economy.

Terry’s Fed career spans more than 30 years. He worked at the Minneapolis Fed while attending graduate school at the University of Minnesota. He joined the Bank as a visiting scholar in 2001 and as a full-time economist in 2006 before being promoted to assistant vice president in 2009 and to vice president in 2012.

Terry holds a B.S. in economics from the University of Iowa and a Ph.D. in economics from the University of Minnesota.

The Band Pass Filter
2003 | International Economic Review, 44(2): 435-465 | With Lawrence J. Christiano
Previously: NBER Working Paper No. 7257

Inflation and Monetary Policy in the Twentieth Century
2003 | Federal Reserve Bank of Chicago, Economic Perspectives 27(1), 22-45 | With Lawrence J. Christiano

Understanding the Fiscal Theory of the Price Level
2000 | Federal Reserve Bank of Cleveland, Economic Review, 36(2): 1-37 | With Lawrence J. Christiano

The Business Cycle: It's Still a Puzzle
1998 | Federal Reserve Bank of Chicago, Economic Perspectives 22(4), 56-83 | With Lawrence J. Christiano

Work Schedules, Wages, and Employment in a General Equilibrium Model with Team Production
1998 | Review of Economic Dynamics, 1(4): 809-834

An Introduction to the Search Theory of Unemployment
1998 | Federal Reserve Bank of Cleveland, Economic Review, 34(3): 2-15

Inventories and the Business Cycle: An Overview
1997 | Federal Reserve Bank of Cleveland, Economic Review, 33(3): 11-22

Reducing Working Hours
1996 | Federal Reserve Bank of Cleveland, Economic Review, 32(4): 13-22

Banking in Computable General Equilibrium Economies
1992 | Journal of Economic Dynamics and Control, 16(3-4): 533-559 | With Edward C. Prescott, Javier Díaz-Giménez, and Fernando Alvarez

A Simple Way to Estimate Current-Quarter GNP
1989 | Federal Reserve Bank of Minneapolis, Quarterly Review 1343 | With Preston J. Miller