Fatih Guvenen, Director

Fatih Guvenen is the Curtis L. Carlson Professor of Economics at the University of Minnesota and a research associate in the NBER’s Economic Fluctuations and Growth Program. He also serves as an adviser to the Federal Reserve Bank of Minneapolis.

Fatih received his bachelor’s degree in electrical engineering from Bilkent University in Turkey and his PhD in economics from Carnegie Mellon University. He has held visiting or full-time academic positions at various institutions, including the University of Rochester, New York University’s Stern School of Business, Yale University, and the Federal Reserve Bank of Chicago. 

Fatih’s research focuses on different types of economic inequality and economic risks and how these interact with the macroeconomy and government policies. His papers have appeared in the American Economic ReviewEconometricaJournal of Political EconomyQuarterly Journal of Economics, and Review of Economic Studies, among others, and have been covered in the media (New York Times, Wall Street Journal, Washington Post, New Yorker, Bloomberg, Fortune, ForbesThe Economist, among others). His work has been supported by grants from the National Science Foundation, the Retirement Research Consortium, the Russell Sage Foundation, and other organizations.

Fatih’s personal research web page:

Loukas Karabarbounis, Co-Director


Loukas Karabarbounis is a Professor of Economics at the University of Minnesota and a Consultant and Senior Scholar at the Federal Reserve Bank of Minneapolis. He is a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Centre for Economic Policy Research.

Loukas serves as Coordinating Editor of the Review of Economic Dynamics, Associate Editor at Econometrica, and member of the Board of Editors at the American Economic Review. He held positions as Associate Professor of Economics at the University of Chicago Booth School of Business, Senior Research Economist at the Federal Reserve Bank of Minneapolis, and Visiting Associate Professor of Economics at Harvard University. He teaches courses in macroeconomics, labor economics, and international finance.

His research focuses on topics such as the global decline in labor’s share of income; productivity, capital flows, and depressions in southern Europe; inequality; the allocation of time; cyclicality and trends in labor markets; and unemployment insurance policy. He is the recipient of the 2019 Bernacer Prize awarded to the best European economist under 40 in macroeconomics and finance, a Sloan Research Fellowship awarded by the Alfred P. Sloan Foundation, an Excellence Award in Global Economic Affairs awarded by the Kiel Institute, and a Distinguished Young Scientist Award for Social Sciences awarded by the Bodossaki Foundation. He received a Ph.D. in Economics from Harvard University and an undergraduate degree from the Athens University of Economics and Business in Greece.

Loukas’s personal web page:

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