Bordo, Michael D.

Position: Board of Governors Professor of Economics / Distinguished Professor of Economics
Specialty: Monetary History, Financial History,  Monetary Policy, International Money
Location: New Jersey Hall 209A
Phone: 848-932-7069



Michael D. Bordo is Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey.  He has held previous academic positions at the University of South Carolina and Carleton University in Ottawa, Canada.  He has been a visiting Professor at the University of California Los Angeles, Carnegie Mellon University, Princeton University, Harvard University, Cambridge Universitywhere he was Pitt Professor of American History and Institutions,  and a Visiting Scholar at the IMF, Federal Reserve Banks of St. Louis and Cleveland, the Federal Reserve Board of Governors the Bank of Canada, the Bank of England and the Bank for International Settlement.  He also is a Research Associate of the National Bureau of Economic Research, Cambridge, Massachusetts.  He has a B.A. degree from McGill University, a M.Sc.(Econ) from the London School of Economics and he received his Ph.D. at the University of Chicago in 1972.  He has published many articles in leading journals and ten books in monetary economics and monetary history.  He is editor of a series of books for Cambridge University Press: Studies in Macroeconomic History.

Selected Publications

  • with Owen Humpage and Anna J. Schwartz, “The Historical Origins of US Exchange Market Intervention”. International Journal of Finance and Economics, Vol. 12, No. 2, April 2007, pp. 109-132.
  •  with Oliver Jeanne, “Monetary Policy and Asset Prices: Does “Benign Neglect Make Sense?”  International Finance (December 2002).
  • with  Barry Eichengreen, Daniela Klingebiel, and Maria Soledad Martinez-Peria.  “Is the Crisis Problem Growing More Severe?”  Economic Policy  (April 2001).
  • with Christopher J.  Erceg and Charles L.  Evans.  “Money, Sticky Wages and the Great Depression.” American Economic Review (December 2000).
  • with Anna J. Schwartz.  "Monetary Policy Regimes and Economic Performance: The Historical Record."  Chapter 2 of the North Holland Handbook of Macroeconomics edited by John Taylor and Michael Woodford.  North Holland, New York.  (1999).
  • with Hugh Rockoff.  "The Gold Standard as a `Good Housekeeping Seal of Approval'."  Journal of Economic History  (June 1996).