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John G. Fernald

John G. Fernald is a Senior Research Adviser in the Economic Research Department of the Federal Reserve Bank of San Francisco. He is on sabbatical in 2015, visiting INSEAD, the Banque de France, and the Einaudi Institute for Economics and Finance.

Prior to taking up his current position, Mr Fernald was Vice President and team leader of the Macroeconomics Research Group of the Federal Reserve Bank of San Francisco. He previously served at the Federal Reserve Bank of Chicago and the Board of Governors in Washington D.C. In the late 1990s, he spent a year as Senior Economist for International Economics on the staff of the President’s Council of Economic Advisers. He has also taught at the University of Michigan and the University of Chicago’s Booth School of Business. Mr Fernald received AB and PhD degrees in economics from Harvard University and an MSc in economics from the London School of Economics.

His research interests include measuring productivity and technology, understanding the cyclical effects of technology shocks and estimating the effects of Chinese monetary policy. He has published articles in the Journal of Political Economy, the American Economic Review, the Journal of Monetary Economics and the NBER Macroeconomics Annual.