Janice Caryl "Jan" EberlyHilary Hurd Anyaso

Northwestern University Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world. Charte ...

News, Apr. 24, 2013. Accessed Jan. 11, 2014.Debbie Ramsey
Fallbrook grad nominated for U.S. Dept. of Treasury post
''Fallbrook Bonsall Village News'', Aug. 11, 2011. Accessed Jan. 11, 2014. (born c. 1964) is an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

. Since 2002 she has been the James R. and Helen D. Russell Distinguished Professor of Finance at the

Kellogg School of Management The Kellogg School of Management at Northwestern University (also known as Kellogg) is the business school of Northwestern University, a private research university in Evanston, Illinois. Founded in 1908, Kellogg is one of the oldest and most p ...

. She served from 2011 to 2013 as

Assistant Secretary of the Treasury for Economic Policy The Assistant Secretary of the Treasury for Economic Policy is the head of the Office of Economic Policy in the United States Department of the Treasury. The position is held by Ben Harris. President Joe Biden announced he would nominate Ben Ha ...

and chief economist of the

United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and t ...

. She was named a Fellow of the

American Academy of Arts and Sciences The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and ...

in 2013. Her research focuses on the intersection of

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

and

finance 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 fina ...

Early life and education

Eberly grew up on a

citrus ''Citrus'' is a genus of flowering plant, flowering trees and shrubs in the rue family, Rutaceae. Plants in the genus produce citrus fruits, including important crops such as Orange (fruit), oranges, Lemon, lemons, grapefruits, pomelos, and lim ...

and

avocado The avocado (''Persea americana'') is a medium-sized, evergreen tree in the laurel family (Lauraceae). It is native to the Americas and was first domesticated by Mesoamerican tribes more than 5,000 years ago. Then as now it was prized for i ...

ranch in

Fallbrook, California Fallbrook is a CDP in northern San Diego County, California. Fallbrook had a population of 30,534 at the 2010 census, up from 29,100 at the 2000 census. Fallbrook's downtown is not on a major highway route. It is west of Interstate 15 or n ...

. Her father was a Navy veteran and a pilot for

United Airlines United Airlines, Inc. (commonly referred to as United), is a major American airline headquartered at the Willis Tower in Chicago, Illinois.

. She attended

Fallbrook Union High School Fallbrook Union High School (also referred to as FUHS, Fallbrook High School and FHS) is a public high school located in the rural community of Fallbrook, California. Established in 1893, FUHS is the second-oldest high school in San Diego County. ...

and was active in the school's chapter of

Future Farmers of America National FFA Organization is an American 501(c)(3) youth organization, specifically a career and technical student organization, based on middle and high school classes that promote and support agricultural education. It was founded in 1925 at Vi ...

(FFA). After graduating in 1981 as

valedictorian Valedictorian is an academic title for the highest-performing student of a graduating class of an academic institution. The valedictorian is commonly determined by a numerical formula, generally an academic institution's grade point average (GPA ...

she served as the first female California State President of FFA. In 1982 she became the first female national president of FFA. Eberly entered the

University of California, Davis The University of California, Davis (UC Davis, UCD, or Davis) is a public land-grant research university near Davis, California. Named a Public Ivy, it is the northernmost of the ten campuses of the University of California system. The institut ...

as an undergraduate in 1983.Janice C. Eberl
Curriculum vitae
Accessed Jan. 11, 2014. During the 1985–86 school year, when she was a

junior Junior or Juniors may refer to: Arts and entertainment Music * ''Junior'' (Junior Mance album), 1959 * ''Junior'' (Röyksopp album), 2009 * ''Junior'' (Kaki King album), 2010 * ''Junior'' (LaFontaines album), 2019 Films * ''Junior'' (1994 ...

, she was the student member of the

Regents of the University of California The Regents of the University of California (also referred to as the Board of Regents to distinguish the board from the corporation it governs of the same name) is the governing board of the University of California (UC), a state university sy ...

, the governing body of the

University of California The University of California (UC) is a public land-grant research university system in the U.S. state of California. The system is composed of the campuses at Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, ...

system. In this capacity, she voted against continuing the university's management of two national laboratories involved in

nuclear weapons A nuclear weapon is an explosive device that derives its destructive force from nuclear reactions, either fission (fission bomb) or a combination of fission and fusion reactions (thermonuclear bomb), producing a nuclear explosion. Both bomb ...

research:

Lawrence Livermore National Laboratory Lawrence Livermore National Laboratory (LLNL) is a federal research facility in Livermore, California, United States. The lab was originally established as the University of California Radiation Laboratory, Livermore Branch in 1952 in response ...

and

Los Alamos National Laboratory Los Alamos National Laboratory (often shortened as Los Alamos and LANL) is one of the sixteen research and development laboratories of the United States Department of Energy (DOE), located a short distance northwest of Santa Fe, New Mexico, ...

. Stanley Sheinbaum was the only one of the other 12 regents to vote with her. The University of California ceased direct management of these laboratories in 2007 and 2006 respectively. She graduated in June 1986 with a

Bachelor of Science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University of ...

agricultural economics Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specif ...

and was named valedictorian.Janice C. Eberly

. Accessed Jan. 11, 2014. After becoming interested in

during her undergraduate years, Eberly went on to graduate work in economics at the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

Olivier Blanchard Olivier Jean Blanchard (; born December 27, 1948) is a French economist and professor who is a senior fellow at the Peterson Institute for International Economics. He was the chief economist at the International Monetary Fund from September 1, 20 ...

was her advisor.Sharron Kahn Luttrell
Janice Eberly, Phd '92
''MIT Technology Review'', Oct. 24, 2012. Accessed Jan. 11, 2014. She was a

National Science Foundation The National Science Foundation (NSF) is an independent agency of the United States government that supports fundamental research and education in all the non-medical fields of science and engineering. Its medical counterpart is the National I ...

Graduate Research Fellow from 1986 to 1989 and a

Sloan Fellow The Sloan Fellows program is the world's first mid-career and senior career master's degree in general management and leadership. It was initially supported by a grant from Alfred P. Sloan, the late CEO of General Motors, to his alma mater, MIT ...

from 1990 to 1991. During graduate school she spent one year as a junior economist in

George H. W. Bush George Herbert Walker BushSince around 2000, he has been usually called George H. W. Bush, Bush Senior, Bush 41 or Bush the Elder to distinguish him from his eldest son, George W. Bush, who served as the 43rd president from 2001 to 2009; pr ...

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 ...

. She earned her

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

in 1991.

Career

After earning her Ph.D., Eberly joined the faculty of the

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

of the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

as an

assistant professor Assistant Professor is an academic rank just below the rank of an associate professor used in universities or colleges, mainly in the United States and Canada. Overview This position is generally taken after earning a doctoral degree and general ...

in 1991. Between 1995 and 1996 she had visiting appointments at MIT and

Harvard University 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 ...

. She became an

associate professor Associate professor is an academic title with two principal meanings: in the North American system and that of the ''Commonwealth system''. Overview In the ''North American system'', used in the United States and many other countries, it is a ...

of finance in 1997. After spending 1997–98 as a visiting associate professor at

Kellogg Graduate School of Management The Kellogg School of Management at Northwestern University (also known as Kellogg) is the business school of Northwestern University, a private research university in Evanston, Illinois. Founded in 1908, Kellogg is one of the oldest and most p ...

, she moved to Kellogg full-time in 1998. In 2002 she was named the James R. and Helen D. Russell Distinguished Professor of Finance. She has been a visiting scholar at the

Federal Reserve Board of Governors The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the mon ...

, and the Federal Reserve Banks of

Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...

and

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

. She was named a Fellow of the

in 2013. Eberly took a leave from Kellogg to serve as

and chief economist of the

President President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the U ...

announced he would nominate her to the position in May 2011, and the

U.S. Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powe ...

confirmed In Christian denominations that practice infant baptism, confirmation is seen as the sealing of the covenant created in baptism. Those being confirmed are known as confirmands. For adults, it is an affirmation of belief. It involves laying on ...

her the following October. In this position she led the Office of Economic Policy, which analyzes the U.S. and world economies, and made policy recommendations in areas ranging from the budget to education and housing.Francesca Di Meglio
White House economic adviser returns to Kellogg
''

Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

'', May 7, 2013. Accessed Jan. 11, 2014. She stepped down in April 2013 to return to Kellogg.Catherine Hollander
Treasury Department's chief economist bids farewell
''

National Journal ''National Journal'' is an advisory services company based in Washington, D.C., offering services in government affairs, advocacy communications, stakeholder mapping, and policy brands research for government and business leaders. It publishes da ...

'', Apr. 26, 2013. Accessed Jan. 11, 2014. Later in 2013 the Obama administration considered appointing Eberly to a vacant seat on the Fed Board of Governors.Annie Lowrey
Lael Brainard to step down from Treasury post
''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'', Nov. 5, 2013. Accessed Jan. 11, 2014.

Research

Eberly trained as a macroeconomist at MIT but has taught in finance departments at business schools since 1991. She described her research in general as exploring the intersection between the two fields. Specifically, she thinks about decision making in both firms and households and how these impact the broader economy.

References

External links

Website

Official faculty web page at Northwestern

Treasury Department profile

''Econ Focus'' interview
Federal Reserve Bank of Richmond, Fourth Quarter 2019 {{DEFAULTSORT:Eberly, Janice Living people Economists from California People from Fallbrook, California University of California regents University of California, Davis alumni MIT School of Humanities, Arts, and Social Sciences alumni Wharton School of the University of Pennsylvania faculty Northwestern University faculty Fellows of the American Academy of Arts and Sciences United States Department of the Treasury officials Macroeconomists American finance and investment writers 1964 births Place of birth missing (living people) American women economists 21st-century American economists 21st-century American women