Spencer Krane

Spencer Krane

Senior Vice President and Senior Research Advisor

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Spencer Krane is a senior vice president and senior research advisor in the economic research department at the Federal Reserve Bank of Chicago. In this capacity, Krane manages the forecasts and briefings that the staff prepares for the Chicago Fed President in advance of each meeting of the Federal Open Market Committee, coordinates other policy analyses for the Chicago Fed President and conducts research in domestic macroeconomics.

Before joining the Chicago Fed in 2001, Krane was on the staff of the Board of Governors of the Federal Reserve System in Washington, DC. Krane's responsibilities included managing part of the team that prepares the Board staff's forecasts of the U.S. economy and conducting research and current analysis in domestic nonfinancial macroeconomics. During his career at the Board of Governors, Krane took one-year leaves of absence to serve as a senior economist on the staff of the President's Council of Economic Advisers (1991–92) and to lecture at the Haas School of Business at the University of California at Berkeley (1988–89).

Krane's research has been published in the American Economic Journal – Macroeconomics, the Brookings Papers on Economic Activity, the Journal of Econometrics, the International Economic Review, the Journal of Political Economy, the Journal of Monetary Economics and the Review of Economics and Statistics.

Krane received a B.A. in mathematics and economics from Kalamazoo College and a Ph.D. in economics from the University of California at Berkeley.

Chicago Fed Letter
Jonas D. M. Fisher, François Gourio, Spencer Krane | 2017 | No. 377 Download
Jonas D. M. Fisher, Spencer Krane | 2006 | No. 233a | December Download
Economic Perspectives
Mariacristina De Nardi, Phil Doctor, Spencer Krane | 2007 | Vol. 31 | 4th Quarter Download
Jeffrey R. Campbell, Spencer Krane | 2005 | Vol. 29 | No. 4 | November | 4th Quarter Download
Spencer Krane | 2003 | Vol. 27 | No. 1 | January Download
Working Papers
Spencer Krane, Leonardo Melosi, Matthias Rottner | 2023 | No. 2023-22 | June Download
Scott A. Brave, Michael Fogarty, Daniel Aaronson, Ezra Karger, Spencer Krane | 2021 | No. 2021-05 | March Download
Charles L. Evans, Jonas D. M. Fisher, François Gourio, Spencer Krane | 2015 | No. 2015-03 | March Download
Spencer Krane | 2006 | No. 2006-19 Download
Economic Developments and Monetary Policy Environment

Presented before the Federal Reserve Bank of Chicago Academic Advisory Council
Chicago, IL
October 9, 2020

Economic Developments and Monetary Policy Environment

Presented before the Federal Reserve Bank of Chicago Academic Advisory Council
Chicago, IL
May 15, 2020

Economic Outlook

Presented before the Bloomberg Grant Thornton Future Ready Business
Chicago, IL
October 17, 2019

Behind the Scenes of the FOMC

Presented before the Discovery Series
Federal Reserve Bank of Chicago
February 21, 2019

Economic Outlook and Monetary Policy

Presented before the Advanced Workshop for Central Bankers
Northwestern University
September 9, 2018

Federal Reserve Communications and Transparency
Celebration in Honor of Michael H. Moskow
Presentation with Daniel Sullivan before the Chicago Council on Global Affairs
January 23, 2018
Economic Outlook and Monetary Policy

Federal Reserve Bank of Chicago Mock Board of Directors Meeting
November 1, 2017

Making Monetary Policy at the Fed

Ohnward Bank and Trust Board of Directors
August 25, 2016

Making Monetary Policy at the Fed

American Economic Association Summer Program, Federal Reserve Bank of Chicago
July 1, 2016

Monetary Policy – Conventional and Otherwise

Kalamazoo College, Kalamazoo, MI
March 2, 2016

Making Monetary Policy at the Fed

Kalamazoo College, Kalamazoo, MI
March 2, 2016

Economic Outlook and Monetary Policy
European Union Economic Counselor luncheon, Chicago
May 19, 2015
Economic Outlook and Monetary Policy

Enterprise Risk Management Symposium

September 30, 2014

U.S. Economic Outlook and Monetary Policy

Bank of Portugal

February 24, 2014

Presentation to Academic Advisory Council

November 22, 2013

The Economy; Monetary Policy Developments; Structure of the Fed and FOMC Meetings

Kalamazoo, MI

November 20, 2013

The Economic Outlook and Recent Monetary Policy Developments

Presentation to the American Economic Association Conference on Teaching and Research on Economic Education

May 29, 2013

Presentation to FRB Chicago Academic Advisory Council
April 19, 2013
The Fed and Monetary Policy, 2007-2013

Presentation at DePaul University

February 14, 2013

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