Anil K Kashyap's research focuses on banking, business cycles, corporate finance, price setting, and monetary policy. His research has won him numerous awards, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, and a Senior Houblon-Norman Fellowship from the Bank of England.
Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for the Board of Governors for the Federal Reserve System. He currently works as a consultant for the Federal Reserve Bank of Chicago, and serves as a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of Economic Research (NBER). He is one of the international advisors to the Economic and Social Research Institute of the Cabinet Office of the Government of Japan, is on the Congressional Budget Office's Panel of Economic Advisers, serves on the Board of Directors of the Bank of Italy’s Einuadi Institute of Economics and Finance, and is an advisor to the Swedish Riksbank. He is a member of the Squam Lake Group and serves on the International Monetary Fund’s Advisory Group on the development of a macro-prudential policy framework.
Kashyap is also one of the academic members of the Bellagio Group (whose nonacademic members consist of the Deputy Central Bank governors and vice ministers of Finance of the G7 countries). This experience, along with his research and other consulting and advising to central banks and finance ministries around the world, has helped him create his two unique elective courses, Understanding Central Banks and The Analytics of Financial Crises.
Kashyap serves as co-organizer of the NBER's Working Group on the Japanese Economy and is a member of the American Economic Association (AEA), the American Finance Association, and the Executive Committee of the AEA. He is one of the two faculty directors of Chicago Booth’s Initiative on Global Markets and a cofounder of the U.S. Monetary Policy Forum.
He regularly speaks on the financial crisis, Japan, the global economy, and the direction of economic policy.
He graduated from the University of California at Davis in 1982 with a bachelor's degree in economics and statistics with highest honors. In 1989, he earned a PhD from the Massachusetts Institute of Technology. He enjoys rotisserie baseball, bridge, and the Indianapolis 500.