US Federal Reserve official seconded to Aston Business School

Dr Binner and Richard Anderson
Dr Jane Binner and Federal Reserve's Richard Anderson
18 January 2009

The Vice President of a Federal Reserves branch – the United State’s central banking system – has been seconded to Aston Business School (ABS) for eight months, carrying out lecturing and research in economic recovery.

Dr Richard Anderson, Vice President of the Federal Reserve Bank in St Louis and an esteemed economist in the US, will be visiting ABS to carry out joint research. The research, in collaboration with Dr Jane Binner from the School’s Economics and Strategy Group, will focus on the reaction of households and firms to government monetary policy in the US and the UK, how this has affected the financial climate and how it can assist economic recovery. The secondment will be funded by a Leverhulme Trust award which brings researchers to the UK from overseas who have skills and experience not otherwise readily available.

Richard will also be meeting with ABS staff and PhD students to share his expertise in finance and will present the ‘Monetary Policy in Practice’ lecture on undergraduate and postgraduate programmes.

In addition, Dr. Anderson will deliver a series of lectures at a number of UK and European research institutions.

Aston Business School has enjoyed a well-established relationship with the Federal Reserve banking system since 2005. The Federal Reserves places significant importance on ongoing research and has worked jointly with Aston on a number of research projects. 

Dr Richard Anderson, Vice President of the Federal Reserves in St Louis, USA, said:

“I’m delighted to have been given the opportunity to work at Aston Business School on an eight month secondment. The School has an international reputation for delivering excellent economics courses and for engaging in high quality business research. To work with the Economics and Strategy Group on important research into economic recovery and to play a small role in educating the economists of tomorrow is a great privilege.”

Dr Jane Binner, Economics and Strategy Group, Aston Business School, added:

“We’re delighted to have Dr Anderson on board for such a significant period of time. His contributions, as an extremely high profile economist in the US, will be invaluable to Aston’s research and teaching practices.

“Richard has visited the University many times before and he is always an inspiration to both faculty and students alike.  His role as vice president of the Federal Reserve Bank of St Louis, and his experience as an economist for the Board of Governors of the Federal Reserve System and the Federal Open Market Committee, will bring a wealth of knowledge and experience to staff and students, as well as key policymakers at the Bank of England and European Central Bank whom he’ll be working with during his visit.”

Find out more about Aston Business School’s Economics teaching and research programmes.


For more information contact Laura Plotnek, PR Officer, Aston Business School on 0121 204 4540 or l.plotnek@aston.ac.uk.

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