Fatih Guvenen, Director

Fatih Guvenen is the Curtis L. Carlson Professor of Economics at the University of Minnesota and a research associate in the NBER’s Economic Fluctuations and Growth Program. He also serves as an adviser to the Federal Reserve Bank of Minneapolis.

Fatih received his bachelor’s degree in electrical engineering from Bilkent University in Turkey and his PhD in economics from Carnegie Mellon University. He has held visiting or full-time academic positions at various institutions, including the University of Rochester, New York University’s Stern School of Business, Yale University, and the Federal Reserve Bank of Chicago. 

Fatih’s research focuses on different types of economic inequality and economic risks and how these interact with the macroeconomy and government policies. His papers have appeared in the American Economic ReviewEconometricaJournal of Political EconomyQuarterly Journal of Economics, and Review of Economic Studies, among others, and have been covered in the media (New York Times, Wall Street Journal, Washington Post, New Yorker, Bloomberg, Fortune, ForbesThe Economist, among others). His work has been supported by grants from the National Science Foundation, the Retirement Research Consortium, the Russell Sage Foundation, and other organizations.

Loukas Karabarbounis, Co-Director

Loukas Karabarbounis is an associate professor of economics at the University of Minnesota. He is also a consultant at the Federal Reserve Bank of Minneapolis and a research associate at the National Bureau of Economic Research. He serves as a member of the board of editors at the American Economic Review and as an associate editor at the Journal of Monetary Economics. Prior to joining the University of Minnesota, he was an associate professor of economics at the University of Chicago Booth School of Business. He has served as a senior research economist at the Federal Reserve Bank of Minneapolis.

His research interests are in macroeconomics, labor economics, and international finance. His latest research has focused on topics such as the global decline in labor’s share of income, productivity and capital flow in southern Europe, cyclicality and dispersion in labor markets, and the effects of unemployment insurance policy on macroeconomic outcomes. He is the recipient of a Sloan Research Fellowship awarded by the Alfred P. Sloan Foundation.

He received a PhD in economics from Harvard University and an undergraduate degree from the Athens University of Economics and Business in Greece.

Junior Members

  • Anmol Bhandari
  • Kyle Herkenhoff
  • Hannes Malmberg
  • Joseph Mullins