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Simon Johnson, Senior Fellow, Peterson Institute for International Economics

Biography provided by participant

Simon Johnson, senior fellow from September 2008 at the Peterson Institute for International Economics, was previously the International Monetary Fund's Economic Counselor and Director of the Research Department (2007-08). At the IMF, Professor Johnson led the global economic outlook team, helped formulate responses to worldwide financial turmoil, and was among the first to propose new forms of engagement for sovereign wealth funds. He was also the first IMF chief economist to have a blog. Professor Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT's Sloan School of Management, a position he has held since 2004. His previous appointments include Assistant Director in the IMF's Research Department (2004-06) and visiting fellow at the Institute (2006-07). As an academic, in policy roles, and with the private sector, over the past 20 years Professor Johnson has worked on practical strategies for dealing with major economic disruptions in Eastern Europe, the former Soviet Union, Africa, East Asia, and Latin America. His current research focuses on how policymakers can limit the impact of negative shocks, manage the risks faced by their countries, and sustain growth. Recent papers have appeared or are forthcoming in the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics, the Journal of Financial Economics, and the Journal of Finance. He is on the editorial board of the Journal of Financial Economics, the Review of Economics and Statistics, the Journal of Comparative Economics, and Cliometrica (a new Journal of Historical Economics and Econometric History).

Recent Responses

June 17, 2009 12:27 PM

RE: Will Obama's New Regulatory Package Work?

This is a disappointing announcement, with one exception. Most of the proposals here have been watered down by financial industry lobbying -- very little here amounts to fundamental change. It's bubble-inducing business as usual for the financial sector going forward; quite a sad day. The only exception is consumer protection -- if the proposed agency gets real teeth, that will help protect people as consumers. But as investors and taxpayers, our worst days still lie ahead.…  Read more

March 24, 2009 09:38 AM

RE: Will The New Rescue Plan Work?

Geithner's plan isn't money in the bank   There are reasons to be concerned about the Treasury secretary's proposal to clean up the financial system's toxic assets. By Simon Johnson and James Kwak March 24, 2009 Monday's proposal by Treasury Secretary Timothy F. Geithner is the government's latest shot -- and perhaps its last clean shot -- at extricating up to a trillion dollars' worth of toxic assets from the financial system and making an economic recovery possible. But will it work? We believe the best mechanism for solving the banking-sector crisis is government-supervised bankruptcy, also known as receivership.…  Read more
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