German and American economist who has been a Financial Counsellor of the International Monetary Fund and Head of their Monetary and Capital Markets Department since 2017. He was previously employed at the Federal Reserve Bank of New York, where he was a Senior Vice President and the Associate Director of the Research and Statistics Group. His research covers aspects of risk to the wider economy of developments in capital markets. In particular, he is known for his work on the global financial crisis, monetary policy transmission, and the yield curve. While working at the Federal Reserve, Adrian made substantial contributions to the role of financial intermediaries in monetary policy transmission, with Hyun-Song Shin. [7][9] He also documented how the inversion of the yield curve can be viewed as a causal transmission channel for monetary policy tightening, with Hyun-Song Shin and Estrella.
Close
