Barry Eichengreen
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Barry Julian Eichengreen (born 1952) is an American economist and
economic historian Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of ...
who is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the
University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a Public university, public Land-grant university, land-grant research university in Berkeley, California, United States. Founded in 1868 and named after t ...
, where he has taught since 1987. Eichengreen 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 ...
and a research fellow at the
Centre for Economic Policy Research The Centre for Economic Policy Research (CEPR) is an independent, non-partisan, pan-European non-profit organisation. It aims to enhance the quality of policy decisions through providing policy-relevant research, based soundly in economic schola ...
.


Early life and education

Barry Eichengreen was born to German-Jewish parents Dan and
Lucille Eichengreen Lucille Eichengreen (''née'' Cecilie Landau; February 1, 1925 – February 7, 2020)Holocaust survivor Holocaust survivors are people who survived the Holocaust, defined as the persecution and attempted annihilation of the Jews by Nazi Germany and Collaboration with Nazi Germany and Fascist Italy, its collaborators before and during World War II ...
who emigrated to the United States after
World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...
, meeting her husband in New York.Martin Doerry
"Lucille Eichengreen on Surviving the Holocaust"
''
Der Spiegel (, , stylized in all caps) is a German weekly news magazine published in Hamburg. With a weekly circulation of about 724,000 copies in 2022, it is one of the largest such publications in Europe. It was founded in 1947 by John Seymour Chaloner ...
International'', 2006, retrieved December 10, 2011
She never spoke to her sons about her experiences during the
Holocaust The Holocaust (), known in Hebrew language, Hebrew as the (), was the genocide of History of the Jews in Europe, European Jews during World War II. From 1941 to 1945, Nazi Germany and Collaboration with Nazi Germany and Fascist Italy ...
, and only informed them that she was, in fact, a Holocaust survivor when they went off to college. "They both studied history—one has a history degree—they know what transpired. But we don't talk about it." Eichengreen earned a B.A. from UC Santa Cruz in 1974. He followed this with an M.A. in economics, an M.Phil. in economics, an M.A. in history, and a Ph.D. in economics, all from
Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...
in
New Haven, Connecticut New Haven is a city of the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound. With a population of 135,081 as determined by the 2020 United States census, 2020 U.S. census, New Haven is List ...
.


Career

Eichengreen has done research and published widely on the history and current operation of the international monetary and financial system. He was a senior policy advisor to 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 ...
in 1997 and 1998, although he has since been critical of the IMF. In 1997, he became 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 ...
.


Research

Eichengreen's best known work is the book ''Golden Fetters: The Gold Standard and the Great Depression, 1919–1939'', published by
Oxford University Press Oxford University Press (OUP) is the publishing house of the University of Oxford. It is the largest university press in the world. Its first book was printed in Oxford in 1478, with the Press officially granted the legal right to print books ...
in 1992. In his own book on the
Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...
,
Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Insti ...
summarized Eichengreen's thesis as follows: The main evidence Eichengreen adduces in support of this view is the fact that countries that abandoned the gold standard earlier saw their economies recover more quickly. His recent books include ''Global Imbalances and the Lessons of Bretton Woods'' (MIT Press 2006), ''The European Economy Since 1945'' (Princeton University Press 2007), ''Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System'' (Oxford University Press 2011), ''The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era'' (Oxford University Press 2018), and ''In Defense of Public Debt'' (Oxford University Press 2021). His most cited paper is Bayoumi and Eichengreen "Shocking Aspects of European Monetary Unification" (1993) which argued that the European Union was less suitable as a Single Currency Area than the United States. This diagnosis was confirmed in 2011 when external shocks caused the
Eurozone The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency ...
Crisis. He has been President of the
Economic History Association The Economic History Association (EHA) was founded in 1940 to "encourage and promote teaching, research, and publication on every phase of economic history and to help preserve and administer materials for research in economic history". It publi ...
(2010–2011). In addition to this, he is a non-resident Senior Fellow at the Centre for International Governance Innovation and a regular contributor to '' Project Syndicate'' since 2003. He was convener of the Bellagio Group from 2008 to 2020.


Publications

* ''Elusive Stability: Essays in the History of International Finance 1919–1939.''
Cambridge University Press Cambridge University Press was the university press of the University of Cambridge. Granted a letters patent by King Henry VIII in 1534, it was the oldest university press in the world. Cambridge University Press merged with Cambridge Assessme ...
, 1990 * ''Golden Fetters: The Gold Standard and the Great Depression, 1919–1939.''
Oxford University Press Oxford University Press (OUP) is the publishing house of the University of Oxford. It is the largest university press in the world. Its first book was printed in Oxford in 1478, with the Press officially granted the legal right to print books ...
, 1992, * ''International Monetary Arrangements for the 21st Century.'' Brookings Institution Press, 1994, * ''Reconstructing Europe's Trade and Payments: The European Payments Union.'' University of Michigan Press, 1994, * ''Globalizing Capital: A History of the International Monetary System.'' Princeton University Press, 1996, ; 2. Auflage ebd. 2008, ** ''Vom Goldstandard zum EURO. Die Geschichte des internationalen Währungssystems.'' Wagenbach, Berlin 2000, * ''European Monetary Unification: Theory, Practice, Analysis.'' The MIT Press, 1997 * with José De Gregorio, Takatoshi Ito & Charles Wyplosz: ''An Independent and Accountable IMF.'' Centre for Economic Policy Research, 1999, * ''Toward A New International Financial Architecture: A Practical Post-Asia Agenda.'' Institute for International Economics, 1999, * ''Financial Crises and What to Do About Them.'' Oxford University Press, 2002, * with Erik Berglöf, Gérard Roland,
Guido Tabellini Guido Enrico Tabellini (born January 26, 1956) is an Italian economist, rector of Bocconi University from November 2008 until July 2012. Tabellini received his Laurea in 1980 from the University of Turin, and his Ph.D. in 1984 from UCLA. He firs ...
& Charles Wyplosz: '' Built to Last: A Political Architecture for Europe.'' CEPR, 2003, * ''Capital Flows and Crises.'' The MIT Press, 2004, * ''Global Imbalances and the Lessons of Bretton Woods.'' The MIT Press, 2006, * ''The European Economy Since 1945: Co-ordinated Capitalism and Beyond.'' Princeton University Press, 2008, * ''Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System'', Oxford University Press, New York 2010 * with Dwight H. Perkins and Kwanho Shin: ''From Miracle to Maturity: The Growth of the Korean Economy'', Harvard University Asia Center. 2012, * ''Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History'', Oxford University Press, New York 2015 * ''How Global Currencies Work: Past, Present, and Future'' 2017 * ''The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era'', Oxford University Press, New York 2018 * ''In Defense of Public Debt'', Oxford University Press, New York 2021


References


External links


Barry Eichengreen
at the
University of California at Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a public land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkele ...

Column archive
at Project Syndicate
Column archive
at ''
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardi ...
''
Barry Eichengreen
at ''
The Economist ''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. M ...
''
Barry Eichengreen
at
East Asia Forum East Asia Forum (EAF) is an English-language international policy forum directed by Peter Drysdale and based at the Australian National University's Crawford School of Public Policy. It was launched in 2006 by then Australian Treasurer Peter ...
*
Barry Eichengreen in the Editorial Board of
'' Financial History Review'' * ''The Use and Abuse of Monetary History'', April 2013 – A guest commentary about the US
Federal Reserve System The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...
and 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 ...
's monetary policie

at '' CFO Insight'' * * {{DEFAULTSORT:Eichengreen, Barry 20th-century American economists 21st-century American economists 20th-century American historians 21st-century American historians American economic historians American financial economists American macroeconomists International economists Monetary economists Jewish American economists > Presidents of the Economic History Association University of California, Berkeley College of Letters and Science faculty Fellows of the American Academy of Arts and Sciences Institute for New Economic Thinking Peterson Institute for International Economics Yale Graduate School of Arts and Sciences alumni University of California, Santa Cruz alumni American people of German-Jewish descent 1952 births Living people