Yale economist William Nordhaus to head Boston Federal Reserve

William Nordhaus, Sterling Professor of Economics, has been promoted to chair of the Federal Reserve Bank of Boston. Nordhaus, who has served as deputy chair, will succeed Kirk A. Sykes, whose term ends in January 2014.

William Nordhaus (Photo by Michael Marsland)

One of the world’s leading economists, Nordhaus was elected president of the American Economic Association for 2014. He is a member of the National Academy of Sciences and the Swedish Academy of Engineering Sciences, as well as a fellow of the American Academy of Arts and Sciences. From 1977 to 1979, he served as a member of the President’s Council of Economic Advisers.

A 1963 graduate of Yale College, Nordhaus returned to New Haven in 1967, after receiving his doctorate from Massachusetts Institute of Technology, and he has taught economics at Yale since then. He is also a professor at the Yale School of Forestry & Environmental Studies. Nordhaus served as provost of the university from 1986 to 1988.

His research focuses on economic growth and natural resources, the economics of climate change, as well as the resource constraints on economic growth.

He is the author of several books, including “Climate Casino: Risk, Uncertainty and Economics for a Warming World” (2013) and “A Question of Balance: Weighing the Options on Global Warming Policies” (2011).

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