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Paul A. Wachtel

Paul A. Wachtel

Joined Stern 1972

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-87
New York, NY 10012

Personal website


Paul Wachtel, Professor of Economics, joined the faculty of the New York University Stern School of Business in 1972. He has served as the chairperson of the Economics Department, the Vice Dean for Program Development, Academic Director of the BS in Business and Political Economy and the chairperson of the University Faculty Council.

His primary areas of research are monetary policy, central banking, and financial sector reform in economies in transition. His research has been published in numerous journals, including, most recently, Journal of Money Credit and Banking, Journal of Finance, Economic Inquiry, Journal of Banking and Finance and Comparative Economic Studies. He was the co-editor of Comparative Economic Studies and is an Associate Editor of the Journal of Banking and Finance. He has served as the program chair for the Dubrovnik Economic Conferences for over 20 years and was previously a research associate at the National Bureau of Economic Research, a senior economic advisor to the East West Institute. He is the chair of the Academic Board of the International School for Economics in Tbilisi and received a DOCTOR HONORIS CAUSA from the Bucharest University of Economic Studies in 2016.

Wachtel lives in New York City and Sharon CT. He received a Bachelor of Arts from Queens College of CUNY in 1966 and his Master of Arts in 1968 and Doctor of Philosophy in 1971 from the University of Rochester.

Research Interests

  • Monetary policy and central Banking
  • Economic growth & financial sector development
  • Financial sector reform in economies in transition

Courses Taught

  • Economics of Global Business
  • Global Economy
  • Monetary Policy, Banks and Central Banks

Academic Background

Ph.D., Economics, 1971
University of Rochester

M.A., Economics, 1968
University of Rochester

B.A., Economics, 1966
City University of New York

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Professor Paul Wachtel is quoted in a story exploring the shifting relationships between politicians and central bankers

Professor Paul Wachtel explains why the Trump administration’s trade policy could erode confidence in the American economy

Professors Richard Sylla and Paul Wachtel share their financial predictions for 2018

Professor Paul Wachtel is interviewed about the impact of the renegotiation of NAFTA on US trade deficits

Professor Paul Wachtel discusses Alan Greenspan's work

Professor Paul Wachtel is interviewed about the impact of new trade agreements on the cost of consumer products

Professor Paul Wachtel discusses the implications of Donald Trump's presidency for global financial markets

Professor Paul Wachtel argues that the US economy can thrive despite weak global demand

Professor Paul Wachtel shares his predictions for China's economic future

Professor Paul Wachtel on the UN's nuclear deal with Iran

Professor Paul Wachtel comments on how the Iran nuclear deal will affect the world economy

Professor Paul Wachtel discusses the business implications of Iran's nuclear deal

Prof. Paul Wachtel on the establishment of the Asian Infrastructure Investment Bank

Prof. Paul Wachtel on the possible closure of the Export-Import Bank

Prof. Paul Wachtel's research on credit is cited

Prof. Paul Wachtel discusses the hawk and dove analogy used in monetary policy

Areas of Expertise


  • Economics of Transition
  • Federal Reserve Bank/Central bank
  • Globalization & Trade
  • Macroeconomics
  • Monetary Policy