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Kim Schoenholtz

Kim Schoenholtz

Joined Stern 2009

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street,
New York, NY 10012

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Kim Schoenholtz is Clinical Professor Emeritus in the Economics Department of NYU Stern School of Business, where he taught courses for more than a decade on money and banking and macroeconomics, and directed the Stern Center for Global Economy and Business. His research focuses on monetary policy and financial regulation. In 2017, he received a Faculty Leadership award from NYU Stern. From 2015 to 2019, he served on the Stern Faculty Council.

Previously, Schoenholtz was Citigroup's global chief economist from 1997 until 2005. He began his career as a market economist at Salomon Brothers in 1986, working in its New York, Tokyo and London operations. He was named Salomon's chief economist in 1997, and subsequently became chief economist at Salomon Smith Barney and at Citigroup.

Schoenholtz received an M.Phil. in economics from Yale University in 1982 and an A.B. from Brown University in 1977. He was a visiting scholar at the Bank of Japan's Institute for Monetary and Economic Studies from 1983 to 1985.

Schoenholtz became a member of the Council on Foreign Relations in 2016. He has been a panel member of the U.S. Monetary Policy Forum since its founding in 2007 and a participant in the U.S.-China Track II Economic Dialogue since 2011. From 2015 to 2022, he served on the Financial Research Advisory Committee of the U.S. Treasury’s Office of Financial Research. Previously, he was a member of the Executive Committee of the Centre for Economic Policy Research in London..

Schoenholtz is the co-author of a popular textbook on money, banking and financial markets and of a blog on the same topic at

Research Interests

  • Monetary Policy
  • Financial Regulation
  • Financial Markets
  • Macroeconomics

Courses Taught

  • Financial Crisis and the Policy Response
  • Global Economy
  • Global Perspectives on Enterprise Systems
  • Monetary Policy and Banking

Academic Background

M.Phil., Economics, 1982
Yale University

A.B., 1977
Brown University

Related News & Research

The Russian Invasion and the Risks to Global Financial Stability.

Let Crypto Burn.

Corporate Greed Isn't to Blame For High Inflation.

Russian Sanctions: Some Questions and Answers

Professors Richard Berner and Kim Schoenholtz offer thoughts on banking, capital markets and the Fed’s response to COVID-19

Professor Kim Schoenholtz weighs in on how Japan and other advanced economies can tackle the challenges of high government debt and aging populations

If the Fed Puts its Stress Test Results in the Shadows, It Will Backfire

The Euro Area in the Age of COVID-19

In a co-authored column, Professor Kim Schoenholtz argues that the global financial system will continue to operate on a dollar system for at least the next 10 years

Joint research from Professor Kim Schoenholtz on the challenges facing the global financial system is highlighted; Systemic Risk (SRISK) analysis from Stern's Volatility Laboratory (V-Lab) is cited

Monetary Policy in the Next Recession?

Professor Kim Schoenholtz's joint research on corporate capital expenditure is referenced

Libra: A Dramatic Call to Regulatory Action

Improving US Monetary Policy Communications

Lowering the Bar on Financial Regulation is Fraught with Risk

Professor Kim Schoenholtz's joint research on improving US monetary policy communications is spotlighted

Professor Kim Schoenholtz's joint research on improving US monetary policy communications is spotlighted

Professor Kim Schoenholtz's joint research on improving U.S.monetary policy communications is featured

Financial Stress Tests for an Interconnected World

Fireside Chat with Roberto Azevêdo

Areas of Expertise


  • Currencies & Foreign Exchange
  • Federal Reserve Bank/Central bank
  • International Economic Policy
  • Macroeconomics
  • Monetary Policy


  • Derivatives