Laurence M. Ball
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Laurence M. Ball (born March 19, 1959) is an American economist and Professor at the Zanvyl Krieger School of Arts and Sciences of
Johns Hopkins University The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, J ...
in
Baltimore, Maryland Baltimore is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 United States census, 2020 census and estimated at 568,271 in 2024, it is the List of United States ...
. He is a specialist in the field 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 ...
.Laurence M. Ball, CV (January 2021)
Johns Hopkins University website
Archive copy (February 20, 2022)


Education and career

Born in
Boston, Massachusetts Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
, he attended Groveton High School in
Fairfax County, Virginia Fairfax County, officially the County of Fairfax, is a County (United States), county in the Commonwealth (U.S. state), Commonwealth of Virginia. With a population of 1,150,309 as of the 2020 United States census, 2020 census, it is the most p ...
and received a Bachelor of Arts degree in economics in 1980 from
Amherst College Amherst College ( ) is a Private college, private Liberal arts colleges in the United States, liberal arts college in Amherst, Massachusetts, United States. Founded in 1821 as an attempt to relocate Williams College by its then-president Zepha ...
, then a Doctor of Economics degree in 1986 from 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 ...
, where he was the recipient of graduate fellowships from the
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 ...
(1981–1982, 1983–1985). He was assistant professor of economics at the Graduate School of Business Administration at
New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...
from 1985 to 1989 and assistant professor of economics at
Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...
from 1989 to 1994. He was appointed professor of economics at Johns Hopkins University in 1994 and was department chairman from 2015 to 2019. He was Professorial Fellow in Monetary Economics,
Victoria University of Wellington Victoria University of Wellington (), also known by its shorter names "VUW" or "Vic", is a public university, public research university in Wellington, New Zealand. It was established in 1897 by Act of New Zealand Parliament, Parliament, and w ...
and
Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) () is the central bank of New Zealand. It was established in 1934 and is currently constituted under the ''Reserve Bank of New Zealand Act 2021''. The current acting governor of the Reserve Bank, Christian ...
in 1996 and a visiting professor of economics at
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 ...
in the autumn of 2008. He received a Houblon- Norman Fellowship from the
Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one ...
in 2000–2001 and a
Wim Duisenberg Willem Frederik "Wim" Duisenberg (; 9 July 1935 – 31 July 2005) was a Dutch politician and economist who served as President of the European Central Bank from 1 June 1998 until 31 October 2003. He was a member of the Labour Party (PvdA). Du ...
Fellowship from the
European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...
in 2019. He has been a visiting scholar at reserve banks in numerous countries, including the
Federal Reserve Bank of Philadelphia The Federal Reserve Bank of Philadelphia — also known as the Philadelphia Fed or the Philly Fed — headquartered at 10 Independence Mall in Philadelphia, Pennsylvania, is responsible for the Third District of the Federal Reserve, which cover ...
(1991–1993), the
Bank of Italy The Bank of Italy (Italian language, Italian: ''Banca d'Italia'', , informally referred to as ''Bankitalia'') is the National central bank (Eurosystem), national central bank for Italy within the Eurosystem. It was the Italian central bank from ...
(1993), the US
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 ...
(1993, 1996, 1999, 2008), the
Federal Reserve Bank of Kansas City The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri, and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexic ...
(1995–2000), the
Reserve Bank of Australia The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. Th ...
(1996–1997), the Central Bank of Norway (1999), the
Bank of Japan The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It is headquartered in Nihonbashi, Chūō, Tokyo, Chūō, Tokyo. The said bank is a corporate entity ...
(2002), the
Hong Kong Monetary Authority The Hong Kong Monetary Authority (HKMA) is the central bank, central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merge ...
(2001–2002), and the
Federal Reserve Bank of Boston The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers New England: Maine, Massachusetts, New Hampshire, Rhode Island, Vermont and all of Connecticut excep ...
(2009). Ball is a research associate at the
National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic co ...
, an Honorary Senior Fellow at the
Rimini Rimini ( , ; or ; ) is a city in the Emilia-Romagna region of Northern Italy. Sprawling along the Adriatic Sea, Rimini is situated at a strategically-important north-south passage along the coast at the southern tip of the Po Valley. It is ...
Centre for Economic Analysis, a visiting scholar in the Research Department of the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
, and an Honorary Senior Fellow of the International Centre for Economic Analysis.


Works

He became an associate editor for the magazine ''Open Economies Review'' in 2009, has authored 4 books and more than 50 articles and papers on economics. His 2010 book ''The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster'' was harshly critical of the Federal Reserve and its role in the collapse of
Lehman Brothers Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merril ...
during the economic crisis of 2008. His current research is focused on the long term effects of the
Great Recession The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.
and the case being made for raising central banks inflation targets to four percent.


Publications

*Ball, Laurence M. ''The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster''. Cambridge, United Kingdom: Cambridge University Press, 2018. *Ball, Laurence M. ''Money, Banking, and Financial Markets''. New York, NY: Worth Publishers, 2012. **Chinese translation by Jing Liu, and Yuan He. Bao'er huo bi jin rong xue. Beijing: Zhongguo ren min da xue chu ban she, 2012.


Most cited articles


References

{{DEFAULTSORT:Ball, Laurence M. 1959 births Living people Writers from Boston 20th-century American economists Amherst College alumni Massachusetts Institute of Technology alumni Johns Hopkins University faculty Princeton University faculty American macroeconomists 21st-century American economists