ROBERT H. FRANK

Professor Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at the Johnson Graduate School of Management at Cornell University, where he has taught since 1972. His “Economic Scene” column appears monthly in The New York Times. After receiving his B.S. from Georgia Tech in 1966, he taught math and science for two years as a Peace Corps Volunteer in rural Nepal. He received his M.A. in statistics in 1971 and his Ph.D. in economics in 1972 from The University of California at Berkeley. During leaves of absence from Cornell, he has served as chief economist for the Civil Aeronautics Board (1978–1980), a Fellow at the Center for Advanced Study in the Behavioral Sciences (1992–93), and Professor of American Civilization at l’École des Hautes Études en Sciences Sociales in Paris (2000–01).

Professor Frank is the author of a best-selling intermediate economics textbook—Microeconomics and Behavior, Seventh Edition (Irwin/McGraw-Hill, 2008). He has published on a variety of subjects, including price and wage discrimination, public utility pricing, the measurement of unemployment spell lengths, and the distributional consequences of direct foreign investment. His research has focused on rivalry and cooperation in economic and social behavior. His books on these themes, which include Choosing the Right Pond (Oxford, 1995), Passions Within Reason (W. W. Norton, 1988), and What Price the Moral High Ground? (Princeton, 2004), have been translated into 10 languages. The Winner-Take-All Society (The Free Press, 1995), co-authored with Philip Cook, received a Critic’s Choice Award, was named a Notable Book of the Year by The New York Times, and was included in BusinessWeek’s list of the 10 best books of 1995. Luxury Fever (The Free Press, 1999) was named to the Knight-Ridder Best Books list for 1999.

Professor Frank has been awarded an Andrew W. Mellon Professorship (1987–1990), a Kenan Enterprise Award (1993), and a Merrill Scholars Program Outstanding Educator Citation (1991). He is a co-recipient of the 2004 Leontief Prize for Advancing the Frontiers of Economic Thought. He was awarded the Johnson School’s Stephen Russell Distinguished Teaching Award in 2004 and the School’s Apple Distinguished Teaching Award in 2005. His introductory microeconomics course has graduated more than 6,000 enthusiastic economic naturalists over the years.

BEN S. BERNANKE

Professor Bernanke received his B.A. in economics from Harvard University in 1975 and his Ph.D. in economics from MIT in 1979. He taught at the Stanford Graduate School of Business from 1979 to 1985 and moved to Princeton University in 1985, where he was named the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs, and where he served as Chairman of the Economics Department.

Professor Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. Professor Bernanke also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. He was appointed as a member of the Board of a full 14-year term, which expires January 31, 2020, and to a four-year term as Chairman, which expires January 31, 2010. Before his appointment as Chairman, Professor Bernanke was Chairman of the President’s Council of Economic Advisers, from June 2005 to January 2006.

Professor Bernanke’s intermediate textbook, with Andrew Abel, Macroeconomics, Sixth Edition (Addison-Wesley, 2008) is a best seller in its field. He has authored more than 50 scholarly publications in macroeconomics, macroeconomic history, and finance. He has done significant research on the causes of the Great Depression, the role of financial markets and institutions in the business cycle, and measuring the effects of monetary policy on the economy.

Professor Bernanke has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. He served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER’s Business Cycle Dating Committee. In July 2001, he was appointed Editor of the American Economic Review. Professor Bernanke’s work with civic and professional groups includes having served two terms as a member of the Montgomery Township (N.J.) Board of Education.

JAY J. SQUALLI

Professor Squalli is an associate professor of economics at the American University of Sharjah, where he has taught since 2008. Prior to Sharjah, he taught at the University of Delaware, Al Akhawayn University in Ifrane, Morocco, the American University in Dubai, and Zayed University, Dubai, UAE. At Zayed University, he held a joint appointment as an assistant professor within the College of Business Sciences and as a researcher for the Economic & Policy Research Unit.

Professor Squalli’s published research covers a variety of subjects, including airline safety, airline advertising, growth competitiveness, international trade, energy and ecology, and various topics related to the Middle East. His publications include, amongst others, a paper co-authored with Kenneth Wilson that introduces a new measure of trade openness (The World Economy, 2011), one that assesses the relationship between immigration and environmental emissions (Ecological Economics, 2010), and one that analyzes the exchange rate regime of the largest economies of the Gulf Cooperation Council (Journal of International Financial Markets, Institutions and Money, 2011).

Professor Squalli has participated in the completion of research reports for several UAE ministries, including on the Abu Dhabi labor market (for the Ministry of Presidential Affairs), the UAE exchange rate regime (for the Ministry of Economy), and the impact of the global financial crisis on UAE trade and capital flows (for the Ministry of Foreign Trade). He has also received funding from the National Research Foundation, Dubai, UAE, for research on competitiveness and from the Economic Research Forum, Cairo, Egypt, for research on the UAE airline industry.

Professor Squalli received his B.A. in Economics from the University of Massachusetts at Amherst his M.S. in Economics from the University of North Carolina at Charlotte, and his Ph.D. in Economics from the University of Delaware.