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Hesna Genay

Vice President and Director of Policy and Communications

Hesna Genay is a vice president and director of the policy and communications group in the economic research department at the Federal Reserve Bank of Chicago. Genay provides policy advice to the president of the bank in his role in the Federal Open Market Committee (FOMC), participating in all aspects of the policy discussions. Genay also provides economic and financial policy input to the Board of Directors of the Federal Reserve Bank of Chicago and participates in the Board meetings. In addition, she contributes to the bank’s public outreach functions and frequently gives presentations to business and academic audiences on the economic outlook, financial markets and monetary policy.

Genay’s areas of expertise are in evaluating the interplay between monetary policy and financial regulation and their impact on economic activity and financial markets; analyzing the role of financial stability in monetary policy; and assessing the systemic risk of financial institutions.

In the past, Genay has conducted research on the Japanese banking system, corporate finance and governance, small business financing and venture capital. Her research appeared in the Journal of Money, Credit and Banking, the Journal of the Japanese and International Economies and Brookings-Wharton Papers on Financial Services. Genay received a bachelor's degree in economics and a Ph.D. in international economics from the University of Rochester.

Chicago Fed Letter
Hesna Genay, Mike Mei | 2013 | No. 315 | October Download
Sumit Agarwal, Hesna Genay, Robert McMenamin | 2010 | No. 281 | December Download
Hesna Genay | 2004 | No. 208 | November Download
Hesna Genay | 1999 | No. 144 | August Download
Elijah Brewer III , Hesna Genay, William Jackson III, Paula R. Worthington | 1997 | No. 113 | January Download
Economic Perspectives
Elijah Brewer III , Hesna Genay, George G. Kaufman | 2003 | Vol. 27 | No. 2003-3 | July | 3rd Quarter Download
Hesna Genay | 1998 | Vol. 22 | No. 1998-4 | December | 4th Quarter Download
Hesna Genay, Prakash Loungani | 1997 | Vol. 21 | No. 1997-3 | April | 3rd Quarter Download
Elijah Brewer III , Hesna Genay, William Jackson III, Paula R. Worthington | 1996 | Vol. 20 | No. 1996-6 | November | 4th Quarter Download
Elijah Brewer III , Hesna Genay, William Jackson III, Paula R. Worthington | 1996 | Vol. 20 | No. 1996-5 | September | 3rd Quarter Download
Elijah Brewer III , Hesna Genay | 1994 | Vol. 18 | No. 1994-3 | May | 2nd Quarter Download
Hesna Genay | 1991 | Vol. 15 | No. 1991-1 | January Download
Working Papers
Elijah Brewer III , Hesna Genay, William C. Hunter, George G. Kaufman | 2002 | No. 2002-20 Download
Allen N. Berger, Robert DeYoung , Hesna Genay, Gregory F. Udell | 1999 | No. 1999-25 Download
Elijah Brewer III , Hesna Genay, William Jackson III, Paula R. Worthington | 1997 | No. 1997-22 Download
Resources for Chicago Fed Letter, July 2014, No. 324
Resources for Chicago Fed Letter, October 2013, No. 315
Presentations

U.S. Economic Outlook and Monetary Policy: Navigating the Recent Cross-Currents
Realty Club of Chicago
Chicago, IL
February 8, 2019

Monetary Policy Determination
Driehaus College of Business; DePaul University Finance 513 – Money and Capital Markets Lecture
Chicago, IL
February 5, 2019

Presentation at the Joint Federal Reserve-Bank of Italy Policy Meeting on Financial Markets and Institutions
Rome, Italy
October 4, 2018

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