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 advisors to the Cabinet Office of the Government of Japan for its research project on “The Japanese Economy and Macroeconomic Policies over Last Twenty-Five Years,” 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 a member of the Squam Lake Group on Financial Regulation.
Kashyap also is one of the academic members of the Bellagio Group (whose non-academic 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 of the NBER’s Working Group on the Functioning of Financial Firms and Resolution of their Distress. He is a member of both the American Economic Association and American Finance Association, and cofounded the US Monetary Policy Forum. He is one of the two faculty directors of the Chicago Booth’s Initiative on Global Markets.
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.
Kashyap will be participating in the Session A Panel, The Future of the Financial Regulation, during this year's Management Conference.
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