Janice C. Eberly

Janice Eberly is a nonresident senior fellow at Brookings Institution in Economic Studies and co-editor of Brookings Papers on Economic Activity (BPEA). She is the James R. and Helen D. Russell Professor of Finance and former Chair of the Finance Department at Kellogg School of Management at Northwestern University. She is the distinguished senior fellow at MIT’s Golub Center for Finance and Policy for 2023-24. Eberly served as the assistant secretary for economic policy and chief economist at the U.S. Treasury from 2011 to 2013, where she lead the Office of Economic Policy in analysis of the U.S. and global economies, financial markets, and development of policy recommendations on micro and macroeconomic issues.

Eberly’s research focuses on finance and macroeconomics. Her work studies firms’ capital budgeting decisions and household consumption and portfolio choice. She also examines the interaction of these spending and investment choices with the macroeconomy. Her current research emphasizes household finance and intangible capital. Her work has been published in the American Economic Review, the Journal of Political Economy, Econometrica, the Quarterly Journal of Economics, and the Journal of Finance, among other academic journals. She was a Sloan Foundation Research Fellow and a NSF research grant recipient.

Janice Eberly has been an associate editor of the American Economic Review and other academic journals and senior associate editor of the Journal of Monetary Economics. Previously, Eberly served on the staff of the President’s Council of Economic Advisors and on the advisory committees of the Bureau of Economic Analysis (BEA) and the Congressional Budget Office (CBO). She was elected vice president of the American Economic Association in 2019 and elected a fellow of the American Academy of Arts and Sciences in 2013. She is on the Board of Trustees of the TIAA CREF mutual funds and is president of the Society for Financial studies. Janice Eberly received her Ph.D. in Economics from MIT.