Janice Caryl "Jan" EberlyHilary Hurd Anyaso

Northwestern University Northwestern University (NU) is a Private university, private research university in Evanston, Illinois, United States. Established in 1851 to serve the historic Northwest Territory, it is the oldest University charter, chartered university in ...

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 Northwestern University Kellogg School of Management (branded as Northwestern Kellogg) is the graduate business school of Northwestern University, a Private university, private research university in Evanston, Illinois. History Early ...

. 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 Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments. ...

. She was named a Fellow of the

American Academy of Arts and Sciences The American Academy of Arts and Sciences (The Academy) 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 other ...

in 2013. Her research focuses on the intersection of

macroeconomics Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output (econ ...

and

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

Early life and education

Eberly grew up on a

citrus ''Citrus'' is a genus of flowering trees and shrubs in the family Rutaceae. Plants in the genus produce citrus fruits, including important crops such as oranges, mandarins, lemons, grapefruits, pomelos, and limes. ''Citrus'' is nativ ...

and

avocado The avocado, alligator pear or avocado pear (''Persea americana'') is an evergreen tree in the laurel family (Lauraceae). It is native to Americas, the Americas and was first domesticated in Mesoamerica more than 5,000 years ago. It was priz ...

ranch in Fallbrook, California. Her father was a Navy veteran and a pilot for

United Airlines United Airlines, Inc. is a Major airlines of the United States, major airline in the United States headquartered in Chicago, Chicago, Illinois that operates an extensive domestic and international route network across the United States and six ...

. She attended Fallbrook Union High School and was active in the school's chapter of Future Farmers of America (FFA). After graduating in 1981 as

valedictorian Valedictorian is an academic title for the class rank, highest-performing student of a graduation, graduating class of an academic institution in the United States. The valedictorian is generally determined by an academic institution's grade poin ...

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 university, public Land-grant university, land-grant research university in Davis, California, United States. It is the northernmost of the ten campuses of the University ...

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, 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 sys ...

, the governing body of the

University of California The University of California (UC) is a public university, public Land-grant university, land-grant research university, research university system in the U.S. state of California. Headquartered in Oakland, California, Oakland, the system is co ...

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 nuclear fission, fission (fission or atomic bomb) or a combination of fission and nuclear fusion, fusion reactions (thermonuclear weap ...

research:

Lawrence Livermore National Laboratory Lawrence Livermore National Laboratory (LLNL) is a Federally funded research and development centers, federally funded research and development center in Livermore, California, United States. Originally established in 1952, the laboratory now i ...

and

Los Alamos National Laboratory Los Alamos National Laboratory (often shortened as Los Alamos and LANL) is one of the sixteen research and development Laboratory, laboratories of the United States Department of Energy National Laboratories, United States Department of Energy ...

. 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, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Scienc ...

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 university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

Olivier Blanchard Olivier Jean Blanchard (; born December 27, 1948) is a French economist and professor. He is Robert M. Solow Professor Emeritus of Economics at the Massachusetts Institute of Technology, Professor of Economics at the Paris School of Economics, an ...

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 U.S. National Science Foundation (NSF) is an Independent agencies of the United States government#Examples of independent agencies, independent agency of the Federal government of the United States, United States federal government that su ...

Graduate Research Fellow from 1986 to 1989 and a Sloan Fellow from 1990 to 1991. During graduate school she spent one year as a junior economist in

George H. W. Bush George Herbert Walker BushBefore the outcome of the 2000 United States presidential election, he was usually referred to simply as "George Bush" but became more commonly known as "George H. W. Bush", "Bush Senior," "Bush 41," and even "Bush th ...

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. in 1991.

Career

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

Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

of the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

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, Canada, Japan, and South Korea. Overview This position is generally taken after earning a doct ...

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

Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...

. 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''. In the ''North American system'', used in the United States and many other countries, it is a position ...

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

's Kellogg Graduate School of Management, 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 mo ...

, and the Federal Reserve Banks of

Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...

and

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

. 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: Arts and entertainment Film and television *'' Præsident ...

Barack Obama Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. O ...

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

U.S. Senate The United States Senate is a chamber of the bicameral United States Congress; it is the upper house, with the U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the ...

confirmed 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'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...

'', 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 ...

'', 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'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

'', 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 1964 births 21st-century American economists 21st-century American women American finance and investment writers American women economists Economists from California Fellows of the American Academy of Arts and Sciences Living people American macroeconomists MIT School of Humanities, Arts, and Social Sciences alumni Northwestern University faculty People from Fallbrook, California Place of birth missing (living people) United States Department of the Treasury officials University of California regents University of California, Davis alumni Wharton School of the University of Pennsylvania faculty Fellows of the Econometric Society