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News Release

IMF Chief Economist to Join Institute for International Economics

July 20, 2001

Contact:    C. Fred Bergsten    (202) 328-9000

Washington, DC—The Institute for International Economics is delighted to announce that Michael Mussa will become a Senior Fellow upon his departure from the International Monetary Fund in early October. Dr. Mussa has been Economic Counselor and Director of Research at the Fund since 1991. He served as a member of President Reagan's Council of Economic Advisers from 1986 to 1988 and was a professor at the Graduate School of Business at the University of Chicago from 1976 until joining the Fund.

Dr. Mussa has been responsible for advising the management of the IMF and its Executive Board on broad issues of economic policy, and in providing analysis of ongoing developments in the world economy. He has supervised the activities of the research department including preparation of the World Economic Outlook, the reports on International Capital Markets and a variety of other materials related to the Fund's economic surveillance of its members. He has frequently briefed the deputy finance ministers and central bankers of the Group of Seven major industrialized countries, and more recently the ministers and governors of the IMF's policymaking International Monetary and Finance Committee, on the global economic outlook and conditions.

Dr. Mussa has published widely on international economics, macroeconomics, monetary economics, and municipal finance. He is a research fellow at the National Bureau of Economic Research and was elected a fellow of the Econometric Society in 1987. He has long been regarded as one of the world's leading monetary and international economists.

Dr. Mussa will be stepping down from his position as Economic Counselor at the Fund at the end of June. He will leave the Fund to join the Institute in early October.

About the Institute

The Institute for International Economics is the only major research center in the United States that is devoted to global economic policy issues. The Institute, directed by C. Fred Bergsten, provides fresh analyses of key economic, monetary, trade and investment issues and recommends practical policy approaches for strengthening public policy toward these important topics. The Institute averages one or more publications per month; holds one or more meetings, seminars, or conferences almost every week; and is widely tapped over its popular Web site. It will celebrate its 20th anniversary in 2001 and plans to move into its new building at 1750 Massachusetts Avenue, NW, in August.