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University of Chicago Booth School of Business professor Anil Kashyap has been reappointed by UK Chancellor of the Exchequer Philip Hammond as an external member of the Financial Policy Committee (FPC) at the Bank of England.

This is Kashyap’s second term. The three-year term will begin on Oct. 1, 2019. His first term ends Sept. 30, 2019.

The FPC was created in the wake of the banking crises by the Financial Services Act of 2012 to protect and enhance the stability of the UK’s financial system by identifying, monitoring and addressing systemic risks.

Mark Carney, Governor of the Bank of England, said, “I look forward to the FPC benefiting further from Anil’s insights from academia, creative thinking and willingness to challenge and to sharpen our communications.”

Kashyap is the Edward Eagle Brown Professor of Economics and Finance at Chicago Booth, where he teaches classes on central banking and financial crises. His research focuses on monetary policy, financial intermediation and regulation, and business cycles.

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 as a research associate for the National Bureau of Economic Research (NBER). He is also a research fellow for the Centre for Economic Policy Research (CEPR).

Kashyap graduated from the University of California at Davis in 1982 with a bachelor’s degree in economics and statistics, and he earned a PhD from the Massachusetts Institute of Technology in 1989.

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