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Bill English joined Yale University in 2016.  He had previously been at the Board of Governors of the Federal Reserve System, including, from 2010 to 2015, as Director of the Division of Monetary Affairs and Secretary to the Federal Open Market Committee.  In that position, Bill oversaw the development of monetary policy, working extensively on issues related to asset purchases, policy normalization, and policy communication.  His research has focused on issues related to monetary policy, including unconventional policy, and banking issues. 

In 2002-03, Bill was a Senior Economist at the Bank for International Settlements, and in 1996-97, he was a Senior Economist at the Council of Economic Advisers.  Prior to joining the Federal Reserve, Bill taught at the University of Pennsylvania, where he won the Irving Kravis Prize for Undergraduate Teaching in Economics.

Education

  • PhD, Massachusetts Institute of Technology, 1986
  • BA, Yale University, 1982

Selected Works

Articles

The “Marketization” of Bank Business Loans in the United States
W. English
Working Paper
October 2021

Money-Financed Fiscal Programs: A Cautionary Tale
W. English, C. J. Erceg, and D. Lopez-Salido
Working Paper
August 2021

Monetary Policy and Central Banking in the Covid Era: Key Insights and Challenges for the Future
W. English, K. Forbes, and Á. Ubide
Monetary Policy and Central Banking in the Covid Era, Issue London: CEPR
2021

Designing the Main Street Lending Program: Challenges and Options
W. English and N Liang
Journal of Financial Crises
Volume 2, Issue 3, pp 1-40

2020

Interest Rate Risk and Bank Equity Valuations 
W. English, S. Van den Heuvel, and E. Zakrajsek
Journal of Monetary Economics
2018

The Federal Reserve's Framework for Monetary Policy: Recent Changes and New Questions 
W. English, D. Lopez-Salido, and R. Tetlow
IMF Economic Review
2015

The Federal Reserve's Large-Scale Asset Purchase Programmes: Rationale and Effects
S. D'Amico, W. English, D. Lopez-Salido, and E. Nelson
Economic Journal
2012

Books

Monetary Policy and Central Banking in the Covid Era
W. English, K. Forbes, and Á. Ubide
2021