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Home > Macroeconomic Issues Thinkers > Nouriel Roubini

Macroeconomic Issues Thinkers

Nouriel Roubini

Leading economic policy adviser

Timeline

1959
Born in Istanbul, Turkey.
1976
Attended Hebrew University, Jerusalem.
1982
Received BA in economics from Bocconi University, Milan.
1988
Received PhD from Harvard University.
1988
Became a faculty research fellow, National Bureau of Economic Research.
1988
Appointed visiting economist and consultant, International Monetary Fund, Washington, DC.
1991
Became a research fellow at the Centre for Economic Policy Research, London.
1993
Appointed associate professor at the Department of Economics, Yale University.
1995
Appointed associate professor at Stern School of Business, New York University.
1995
Became a consultant for the World Bank, Washington, DC.
1997
Founded RGE Monitor.
1998
Appointed senior economist for international affairs, White House Council of Economic Advisors.
1999
Appointed director of the Office of Policy Development and Review at the US Treasury Department.
2000
Appointed adviser to the US Treasury Department.
2000
Appointed senior adviser to the Under Secretary for International Affairs.
2004
Publication of Bailouts or Bail-ins? Responding to Financial Crises in Emerging Economies.
2006
Publication of New International Financial Architecture.

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Life and Career

Nouriel Roubini is Professor of Economics and International Business, Stern School of Business, New York University, and founder and chairman of Roubini Global Economics. After gaining his PhD from Harvard, and joining the faculty of NBER, he worked for the IMF, before returning to academia at Yale, and then Stern School of Business. He has been a Senior Economist for International Affairs on the staff of the President’s Council of Economic Advisors, and has served in various roles at the Treasury Department. He is a Member of the Bretton Woods Committee, the Council on Foreign Relations Roundtable on the International Economy, the Academic Advisory Committee, Fiscal Affairs Department, International Monetary Fund, and the Council on Foreign Relation’s Roundtable on the International Economy. He also founded the RGE website, a respected economic information resource.

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Key Thinking

  • Nouriel Roubini is an internationally known expert in international macroeconomics, and a long-time consultant to the International Monetary Fund, and a number of other public and private institutions, including the US government.

  • He has published numerous policy papers and books on key international macroeconomic issues, and is regularly cited as an authority in the media for his views on the future course of the economy.

  • He has been a participant and speaker at G20 meetings of deputy finance ministers, and Central Bank governors’ meetings, where he worked on the Asian and global financial crises of 1997–1998, and the subsequent reform of the international financial architecture.

  • As Chairman of RGE Monitor, an economic consultancy for financial analysis, he provides strategic financial guidance to businesses.

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In Perspective

  • Nouriel Roubini’s research focuses on international macroeconomics and finance, fiscal policy, political economy, growth theory, and European monetary issues.

  • He is known for his bearish views, and was one of the first to forecast a recession in 2006.

  • In the book, Bailouts or Bail-ins?, he argued that economic policy for troubled emerging markets needed to recognize that each crisis is different and needs to be handled within a framework that provides consistency and predictability to borrowing countries, as well as those who invest in their debt.

  • In Political Cycles and the Macroeconomy, he explains that the dynamics of political cycles are not short-termist, but more complex, underpinned by an analysis of the relationship between macroeconomic and political policies.

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Quotation

“Global imbalances are growing, cross-border financing needs are increasing and a smooth-functioning financial system is now essential for this.”

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Further reading on Nouriel Roubini

Books:

  • Alesina, Alberto, and Nouriel Roubini. Political Cycles and the Macroeconomy. Cambridge, MA: MIT Press, 1997. Examines the relationship between political and economic cycles, the timing of elections, government ideology, and how the nature of competition among political parties can influence economic matters.
  • Roubini, Nouriel, and Brad Setser. Bailouts or Bail-ins? Responding to Financial Crises in Emerging Economies. Washington, DC: Institute for International Economics, 2004. Discusses emerging markets, international capital markets, rescue loans, currency devaluations, debt default, and what options are available to resolve the critical issues.
  • Roubini, Nouriel, and Marc Uzan (eds). New International Financial Architecture. Cheltenham, UK: Edward Elgar, 2006. A collection of articles that consider the evolution of international finance during the 1990s.

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