CHICAGO (May 14, 2026) - The Federal Reserve Bank of Chicago announced today that Gadi Barlevy, senior economist and economic advisor at the Chicago Fed, will become executive vice president and the director of research starting June 1.
For more than two decades, Barlevy has been a leading researcher at the Chicago Fed, serving as a senior economist and economic advisor with deep expertise in business cycles, labor economics, and asset bubbles. He has served as an advisor to Chicago Fed president and chief executive officer Austan Goolsbee and is the author of Asset Bubbles and Macroeconomic Policy published by MIT Press last year.
“Gadi has distinguished himself as a leading researcher both within the Federal Reserve System and across the field of economics. His insights have helped make the Chicago Fed a world class economic research department and have influenced policy and research work here and beyond. It’s exciting to have one of our own lead this great team, and I look forward to working closely with him to build on our tradition of outstanding economic research,” Goolsbee said.
Prior to joining the Chicago Fed in 2003, Barlevy was an assistant professor of economics at Northwestern University. He received his Ph.D. from Harvard University where his thesis advisor was economist John Leahy.
Barlevy’s research is widely published in leading academic journals including the American Economic Review, theReview of Economic Studies, the Journal of Economic Perspectives, the Review of Economic Dynamics, and the Journal of Monetary Economics. He also serves as a research fellow at IZA Research Institute and as an associate editor at the Journal of Economic Theory. He previously served as co-editor at Theoretical Economics as well as the Review of Economic Dynamics.
The Board of Directors of the Chicago Fed approved the appointment of Barlevy as part of a comprehensive search to replace Anna Paulson. She became the president and chief executive officer of the Federal Reserve Bank of Philadelphia last year.
Federal Reserve Bank of Chicago Background
At the Chicago Fed, we serve the public, fostering economic opportunity by advancing a healthy economy and promoting a trusted financial system. We contribute to the formulation and implementation of national monetary policy, supervise and regulate designated financial institutions, and provide financial services to depository institutions and the U.S. government. We serve the Seventh Federal Reserve District, which comprises Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. We are part of the Federal Reserve System, which is made up of 12 regional Reserve Banks and the Board of Governors in Washington, D.C.
