Andrew Metrick
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Andrew Metrick is an American economist who is the current Janet L. Yellen Professor of Finance and Management at the
Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives ...
. His research has touched on topics including game theory, venture capital and private equity, and most recently on financial stability. He is also the director of the Yale Program on Financial Stability.


Education

Metrick graduated from
Yale Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wor ...
in 1989 with a joint bachelor's and master's degree in economics. While an undergraduate at Yale, Metrick was a research assistant for Nobel Laureate and Sterling Professor of Economics and Finance
James Tobin James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He devel ...
for three years. Metrick received his Ph.D. in economics from
Harvard Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...
in 1994, where his advisor was
Eric Maskin Eric Stark Maskin (born December 12, 1950) is an American economist and mathematician. He was jointly awarded the 2007 Nobel Memorial Prize in Economic Sciences with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism d ...
, who won the Nobel Prize in Economics in 2007.


Academic

After receiving his Ph.D., Metrick worked as an assistant professor at Harvard for five years. His dissertation and early work focused on how individuals made decisions. When he moved to
Wharton Wharton may refer to: Academic institutions * Wharton School of the University of Pennsylvania * Wharton County Junior College * Paul R. Wharton High School * Wharton Center for Performing Arts, at Michigan State University Places * Wharton, Ch ...
as an assistant professor in 1999, he transitioned to concentrate on writing finance papers. In January 2008, Metrick moved to the
Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives ...
. At Yale, he was a Professor of Finance until 2009 when he became the Theodore Nierenberg Professor of Corporate Governance. He became the Michael H. Jordan Professor of Finance and Management in 2011 and the Janet L. Yellen Professor of Finance and Management in 2018. Metrick served as Deputy Dean of the Yale School of Management from 2010 to 2016. Beginning in 2008, Metrick has focused on studying financial crises. In August 2009, Metrick joined the
Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...
as the senior economist for finance, where he worked on policy related to the
Financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...
and
Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At ...
, including what would become the
Dodd–Frank Wall Street Reform and Consumer Protection Act The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Recessi ...
. He was promoted to Chief Economist at the Council of Economic Advisers in 2010. Metrick has published in many of the economics profession's best journals, including The American Economic Review, The Quarterly Journal of Economics, The Journal of Finance and many others. He became a
National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...
research fellow in 1998, and a research associate in 2009. He has also co-organized the "Macro, Money and Financial Frictions" meeting at the NBER Summer Institute. Metrick also served as a director of the
American Finance Association The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the ''Journal of Finance'', was first published in 1946. ...
from 2014 to 2016, and as a member of the Financial Research Advisory Committee for the
Office of Financial Research The Office of Financial Research (OFR) is an independent bureau within the United States Department of the Treasury that was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative ...
.


Yale Program on Financial Stability

After his work with the CEA, Metrick established the Yale Program on Financial Stability, a research group with a mission "to create, disseminate, and preserve knowledge about financial crises." Metrick has been the Director of the Yale Program on Financial Stability since its founding and has overseen its creation of the Systemic Risk Symposium, its annual Financial Crises Academic Conference, and its annual Financial Crisis Forum for senior central bankers. In 2017, Metrick led the Yale Program on Financial Stability in raising $10 million from
Jeff Bezos Jeffrey Preston Bezos ( ;; and Robinson (2010), p. 7. ''né'' Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. He is the founder, executive chairman, and former preside ...
,
Bill Gates William Henry Gates III (born October 28, 1955) is an American business magnate and philanthropist. He is a co-founder of Microsoft, along with his late childhood friend Paul Allen. During his career at Microsoft, Gates held the positions ...
,
Michael Bloomberg Michael Rubens Bloomberg (born February 14, 1942) is an American businessman, politician, philanthropist, and author. He is the majority owner, co-founder and CEO of Bloomberg L.P. He was Mayor of New York City from 2002 to 2013, and was a ca ...
, and
Peter G. Peterson Peter George Peterson (June 5, 1926 – March 20, 2018) was an American investment banker who served as United States Secretary of Commerce from February 29, 1972, to February 1, 1973, under the Richard Nixon administration. Before serving as Sec ...
. The donation supported the Yale Program on Financial Stability's effort to catalog past financial crises and the policy actions associated with them. As part of his work for the Yale Program on Financial Stability, he has also overseen the creation of the first of its kind masters program in systemic risk at the
Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives ...
, taught the MBA and undergraduate course "The Global Financial Crisis" with former Treasury Secretary
Timothy F. Geithner Timothy Franz Geithner (; born August 18, 1961) is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank o ...
. He also created an online
Coursera Coursera Inc. () is a U.S.-based massive open online course provider founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, ...
class joint with former Treasury Secretary
Timothy F. Geithner Timothy Franz Geithner (; born August 18, 1961) is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank o ...
titled "The Global Financial Crisis." The Coursera class had 30,000 active learners as of June 2017, and 3,000 course completers.


References

{{DEFAULTSORT:Metrick, Andrew Year of birth missing (living people) Living people Yale College alumni 20th-century American economists 21st-century American economists Yale University faculty Harvard University alumni