Chicago Booth Professor Anil Kashyap Honored By Japanese Government
Last month, University of Chicago Booth School of Business professor Anil Kashyap received the Order of the Rising Sun, Gold Rays with Neck Ribbon award by the Japanese government. This prestigious award honors the renowned economist’s distinguished achievements and contributions to Japan.
Kashyap was honored for the significant role he played in promoting and disseminating high quality research on the Japanese financial system and economic policies. According to the school, he coordinated conferences bringing together Japanese and American researchers in partnership with the Economic and Social Research Institute, the think-tank under the Cabinet Office of Japan.
“It has been an honor and a privilege to work with the Cabinet office on these conferences. They have generated many good research papers, forged some collaborations and hopefully have helped with the policy process,” Kashyap said after receiving the award.
The Order of the Rising Sun was originally established in 1875 by Japanese Emperor Meiji as the first national decoration awarded by the Japanese government. However, a modern version has been awarded to non-Japanese recipients since 1981.
Today the award honors individuals who have made significant contributions to international relations, promotion of Japanese culture, advancements in their field, development in welfare, as well as preservation of the environment. Kashyap was among 149 foreign recipients of the award this year.
Anil Kashyap/Photo via Chicago Booth
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. In addition to his exploits in Japan, he is on the Board of Directors of the Bank of Italy’s Einuadi Institute of Economics and Finance, 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. Since 2016 he has been an external member of the Bank of England’s Financial Policy Committee.
Kashyap is currently the Edward Eagle Brown Professor of Economics and Finance at Chicago Booth. His research has won him numerous other 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.
Kashyap also 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.
Former Head of the Bank of England to Join NYU’s Stern School of Business and School of Law
Lord Mervyn King, the former Governor of the Bank of England, will join the faculty of both the business and law schools, starting in the fall 2014 semester. Lord King will be a visiting professor in Stern’s economic department, after stepping down from his 10 year service as head of Bank of England.
NYU President John Sexton announced that “We are delighted that Lord King will be returning to our campus again this fall,” said NYU President John Sexton. “The presence of a leader of his caliber at our University is a measure of the talent that is understood to reside here in our scholars and our students, and of the part NYU plays in the global public discourse on the most important matters of the day.”
Highlighting the interdisciplinary nature of King’s professorship, NYU School of Law Dean Trevor Morrison and Peter Henry, Dean of NYU Stern School of Business, said in a jointly issued statement: “The world’s most pressing problems—and therefore the greatest opportunities to create value for business and society—do not respect disciplinary boundaries. The fields of law and business are no exception. Lord King’s intellectual contributions—from his leadership at the Bank of England to the class he will teach in our law and business program, to his research on the foundations of economic prosperity—draw heavily on insights from both law and business. Our faculty and students will benefit enormously from his experience, and we look forward to welcoming him to Washington Square.”
