Financial Update (Third Quarter 2007)

Altig Named Atlanta Fed Research Director

David AltigDavid E. Altig has been named senior vice president and director of research at the Federal Reserve Bank of Atlanta. Altig currently serves as vice president and associate director of research at the Federal Reserve Bank of Cleveland. His start date has yet to be determined.

Responsibilities at Atlanta Fed
In his new role, Altig will advise Dennis Lockhart, president and chief executive officer of the Atlanta Fed, on monetary policy and related economic issues. In addition, Altig will direct the work of the Bank's research, public affairs, and financial statistics and structure analysis departments and serve on the Bank's management committee and discount committee.

"Dave is an experienced and well-respected macroeconomist," Lockhart said. "Through his work at the Cleveland Fed and in academia, he has earned a strong reputation in the areas of monetary policy, fiscal policy, and international economic research."

David Altig biography

Experienced researcher and professor
A prolific researcher, Altig's work has appeared in publications such as the American Economic Review, the Journal of Money, Credit, and Banking, and the Journal of Monetary Economics. He has served as editor of several conference volumes on a wide range of economic topics.

In addition to his responsibilities at the Cleveland Fed, Altig serves as an adjunct professor of business economics in the graduate school of business at the University of Chicago, the Fisher School of Business at Ohio State University, and the Chinese Executive MBA program sponsored by the University of Minnesota and Lignan College of Sun Yat-Sen University.

Altig joined the Cleveland Fed in 1991 as an economist and was promoted to vice president and associate director of research in 1997. Before joining the Cleveland Fed, he served as an assistant professor of business economics and public policy at Indiana University from 1986 to 1991. He received his bachelor's degree in business administration from the University of Iowa and his master's and doctoral degrees in economics from Brown University.

July 30, 2007