Posted by: Louis Lavelle on March 9, 2011
Axel Weber, the outgoing president of the German central bank, Deutsche Bundesbank, will soon be teaching MBA classes at the University of Chicago’s Booth School of Business (Booth Full-Time MBA Profile), the school announced today.
Weber’s appointment to the b-school faculty is a coup for Booth’s new dean Sunil Kumar, who is looking forward to having Weber on campus. “The faculty and I are very enthusiastic about the possibility of having Dr. Weber join us,” Kumar said in a statement. “Not only will our MBA students benefit from hearing him the classroom, but the entire Booth community will benefit from his out-of-classroom involvement here at seminars, workshops, and many other opportunities we offer for students, faculty and alumni to hear from leading thinkers.”
Weber, who is expected to join the Booth faculty when he steps down from his position at the Bundesbank at the end of next month, will teach MBA courses in central banking. Weber has been president of the Bundesbank since 2004. Earlier he was director of the Center for Financial Studies in Frankfurt, a professor of applied monetary economics at the Johann Wolfgang Goethe University in Frankfurt, and a professor of economic theory at the Rheinische Friedrich Wilhelms University in Bonn.
He’ll be joining a faculty that includes Randall Kroszner, former governor of the U.S. Federal Reserve System, and Raghuram Rajan, former chief economist for the International Monetary Fund and current adviser to Indian Prime Minister Manoham Singh, among many other faculty notables.
“After seven years as a practitioner as the head of a central bank I have decided to return to economic research in order to help answer the many questions posed by economic policy after the financial crisis,” Weber said in the Booth statement. The Booth School, he added, “is an excellent place for me because its faculty includes many distinguished researchers who have already worked for several years on issues related to the crisis and how to cope with it, and I personally know them.”