NBER Profiles

NBER Reporter: Winter 2006/2007

NBER Profile: Charles H. Dallara

Charles H. Dallara was elected to the NBER's Board of Directors at its fall 2006 meeting. Dallara, who is a Managing Director of the Institute of International Finance (IIF), will serve as a Director-at-Large.

Prior to joining the IIF, Dallara was a Managing Director at J.P. Morgan & Co. from 1991 to 1993. During the 1980s, he served in a variety of senior financial positions in the U.S. government. He was appointed by former President Bush to the position of Assistant Secretary of the U.S. Treasury for International Affairs in May 1989 and served in that position until June 1991.

A native of Spartanburg, South Carolina, Dallara earned a B.S. in economics from the University of South Carolina in 1970 and an honorary doctorate from the university in 1991. He did graduate work at the Fletcher School of Law and Diplomacy, Tufts University, receiving his M.A. in 1975, an M.A. in Law and Diplomacy in 1976, and a Ph.D. in 1986.

Dallara is a member of the Council on Foreign Relations and serves on the International Advisory Board of the Instituto de Empresa. He is also a member of the Board of Overseers of the Fletcher School of Law and Diplomacy of Tufts University. He resides in Oak Hill, Virginia with his wife, Peixin, and has three children, Stephen, Emily, and Bryan.

NBER Profile: Roger W. Ferguson, Jr.

Roger W. Ferguson, Jr. was elected a Director-at-Large by NBER's Board of Directors at its Fall 2006 meeting. Ferguson is the Chairman of Swiss Re America Holding Corporation and Head of Financial Services and member of the Executive Committee for Swiss Re, a global reinsurance company. He joined Swiss Re in June 2006, after serving as vice chairman of the Board of Governors of the Federal Reserve System. Ferguson initially was appointed to the Fed Board in November 1997 to fill an unexpired term ending on January 31, 2000. In July 2001 he was sworn in for a full term, but he resigned in 2006 to return to the private sector.

From 1984 to 1997, before becoming a member of the Federal Reserve Board, Ferguson was a Partner at McKinsey & Company, an international management consulting firm. From 1981 to 1984, he was an attorney at the New York City office of Davis Polk & Wardwell.

Ferguson received his B.A. in economics in 1973, a J.D. in 1979, and a Ph.D. in economics in 1981, all from Harvard University. He is a member of Harvard's Board of Overseers.

Ferguson is married to Annette Nazareth and they have two children.

NBER Profile: Kristin J. Forbes

Kristin Forbes is an NBER Research Associate in the Program on International Finance and an Associate Professor of Economics at MIT's Sloan School of Management. She received her B.A., summa cum laude with highest honors, from Williams College and her PhD in Economics from MIT. Her research focuses on policy-related questions in international finance and development, with recent work on international capital flows, capital controls, financial market contagion, and currency crises.

Over the last few years, Forbes has rotated between academia and economic policy positions in the U.S. government. She served a term as a Member of the White House's Council of Economic Advisers (where she was the youngest person to ever hold this position). She also worked in the U.S. Treasury Department as the Deputy Assistant Secretary of Quantitative Policy Analysis, Latin American and Caribbean Nations. Forbes was recently honored as a "Young Global Leader" as part of the World Economic Forum at Davos and has won several MIT teaching awards.

Forbes grew up hiking and skiing in New Hampshire and continues to enjoy trekking and scaling peaks around the world. She also plays tennis and squash. Currently she lives in Boston with her husband, Steven Calhoun, and their new son, Leighton. Leighton already has taken to hiking, although it may simply reflect an appreciation of his excellent vantage point from his parents' pack.

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