Nobuhiro Kiyotaki

Nobuhiro Kiyotaki is the Harold H. Helm ’20 Professor of Economics and Banking at Princeton University. He received his Ph.D. from Harvard University in 1985. He has published widely in macroeconomics and monetary economics, including “Monopolistic Competition and the Effects of Aggregate Demand,” with Olivier Blanchard in 1987, “On Money as a Medium of Exchange,” with Randall Wright in 1989, “Credit Cycles,” with John Moore in 1997, and “Banking, Liquidity and Bank Runs in an Infinite Horizon Economy,” with Mark Gertler in 2015. Kiyotaki also worked at the University of Wisconsin-Madison, the University of Minnesota and the London School of Economics and Political Science before Princeton. Among professional honors, Kiyotaki received the 1999 EEA Yrjo Jahnsson Award and the 2010 Stephen A. Ross Prize in Financial Economics, together with John Moore, and also the 2014 Banque de France-TSE Senior Prize in Monetary Economics and Finance.