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Kim Schoenholtz

Kim Schoenholtz

Joined Stern 2009

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street,
New York, NY 10012

E-mail kermit.schoenholtz@stern.nyu.edu
Personal website
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Kim Schoenholtz is Professor of Management Practice in the Economics Department and teaches courses on money and banking and on macroeconomics. He also directs the Stern Center for Global Economy and Business. Previously, Schoenholtz served as Citigroup's global chief economist from 1997 until 2005.

Schoenholtz started his career as a market economist at Salomon Brothers in 1986, working in its New York, Tokyo and London operations. He was named Salomon's chief economist in 1997, and subsequently became chief economist at Salomon Smith Barney and at Citigroup.

Schoenholtz was a visiting scholar at the Bank of Japan's Institute for Monetary and Economic Studies from 1983 to 1985. He received an M.Phil. in economics from Yale University in 1982 and an A.B. from Brown University in 1977. He also studied for one year in Marburg, Germany (1978-79) and completed a one-year intensive Japanese language program at Cornell (1979-80).

Schoenholtz was named in 2015 as a member of the Financial Research Advisory Committee of the U.S. Treasury’s Office of Financial Research. He also is a panel member of the U.S. Monetary Policy Forum and a member of the Council on Foreign Relations. Previously, he served as a member of the Executive Committee of the Centre for Economic Policy Research in London.

Schoenholtz is the co-author of a popular textbook on money, banking and financial markets and of a blog on the same topic at www.moneyandbanking.com.

Research Interests

  • Monetary Policy
  • Financial Regulation
  • Financial Markets
  • Macroeconomics

Courses Taught

  • Financial Crisis and the Policy Response
  • Global Economy
  • Global Perspectives on Enterprise Systems
  • Monetary Policy and Banking

Academic Background

M.Phil., Economics, 1982
Yale University

A.B., 1977
Brown University

Related News & Research

Stern Faculty Examine the Implications of “Brexit”

Professor Kim Schoenholtz comments on increasingly difficult stress tests for banks

Professor Kim Schoenholtz's blog post on the anonymity of cash is highlighted

Donald Trump, Treasury Debt and the Dollar

In a co-authored op-ed, Professor Kim Schoenholtz discusses the impact of negative interest rates

How Low Can They Go?

Professor Kim Schoenholtz comments on the Federal Reserve's decision to leave interest rates unchanged

In a co-authored op-ed, Professor Kim Schoenholtz discusses how "The Big Short" highlights the financial crisis and common misconceptions about the financial crisis

The Scandal Is What's Legal

Professor Kim Schoenholtz's blog post on the significance of paper currency is highlighted

Economic Outlook Forum

Falling Interest Rates and Government Investment

In a co-authored op-ed, Professor Kim Schoenholtz discusses how the Federal Reserve is tightening policy

How the Fed Tightened

Professors Nouriel Roubini and Kim Schoenholtz's comments on the Federal Reserve's monetary policy are highlighted

Professor Kim Schoenholtz reflects on the current stock market rally

In a co-authored op-ed, Professor Kim Schoenholtz explains how an independent Central Bank might operate

A Primer on Central Bank Independence

In a co-authored op-ed, Professor Kim Schoenholtz calculates the economic value of increased safety delivered by driverless cars

Professor Kim Schoenholtz reacts to speculation that the Federal Reserve will raise interest rates in December

Areas of Expertise


  • Currencies & Foreign Exchange
  • Federal Reserve Bank/Central bank
  • International Economic Policy
  • Macroeconomics
  • Monetary Policy


  • Derivatives