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Klaus Schmidt-Hebbel
Born	(1955-02-26) 26 February 1955 (age 69) Santiago, Chile
Academic career
Institution	Massachusetts Institute of Technology
Alma mater	Pontificia Universidad Católica de Chile (B.S.) Pontificia Universidad Católica de Chile (M.A.) Massachusetts Institute of Technology (Ph.D.)
Doctoral advisor	Rudi Dornbusch and Paul Krugman
Awards	Distinguished as Economist of the Year, elected by his peers, Economía y Negocios de El Mercurio (2008) Awarded the Vicente Pérez Rosales Order by the Chilean-German League (2012). Awarded the Club Monetario Prize of Universidad Finis Terrae
Information at IDEAS / RePEc
Website	www.kschmidt-hebbel.com

Klaus Schmidt-Hebbel (Santiago, Chile, February 26, 1955) is a Chilean economist, researcher, consultant, and public speaker. He has held prominent positions in national and international institutions, including the position of Chief Economist and Director of the Economic Department of the Organisation of Economic Cooperation and Development (OECD) in 2008 and 2009.

He is Full Professor of Economics at Universidad del Desarrollo and Pontificia Universidad Católica de Chile (Catholic University of Chile). He is a public speaker and board member of corporations and foundations.

Academic training

He studied economics at Pontificia Universidad Católica de Chile, receiving a B.A. in 1976 and a M.Sc. in 1978 with a summa cum laude distinction.

Subsequently, he received his Ph.D. in economics from the Massachusetts Institute of Technology (MIT) in 1986. His doctoral advisors were the prominent economists Rudi Dornbusch and Paul Krugman, Nobel Prize in Economics.

Professional career

Klaus Schmidt-Hebbel has a distinguished academic and professional career in public and private organizations:

• The World Bank (1988–1996): Principal Economist in the Bank's Research Department in Washington, DC, leading research in fiscal policy, saving, pension reform, and economic growth.

• Central Bank of Chile (1996–2008): As its first Research Manager, he led the Bank's research program and participated in the design and implementation of the monetary policy regime based on inflation targeting and a flexible exchange-rate system, contributing to Chile's macroeconomic stability.

• OECD (2008–2009): In his position as Chief Economist and Director of the Economics Department, he led the OECD's global and country studies on economic policy, stabilization, structural reforms, and growth. His leadership included advice on the policy response of member countries to the Global Financial Crisis and presentation of the OECD's flagship reports “Economic Outlook” and “Going for Growth”.

• Consultancy and advisory: he has advised and provided consultancy to more than 40 governments (including New Zealand, Finland, Mexico, Uruguay, Colombia and Chile; 30 central banks (including the European Central Bank, the Bank of Canada, the Reserve Bank of Australia, and the Central Bank of Brazil), international institutions (including the Group of Twenty, the IMF, the World Bank, and the Inter-American Development Bank), and many private corporations and associations. His advice has comprised monetary and fiscal policies, pension reform, capital markets, growth policies, and economic projections.

Schmidt-Hebbel is a member of boards and advisory councils of corporations and foundations, including Banco de Crédito e Inversiones, The Nature Conservancy, Fundación Chilena del Pacífico, Reforestemos6 and Make-a-Wish.

Teaching

Professor Schmidt-Hebbel has taught at several institutions and universities. He is Full Professor at Pontificia Universidad Católica de Chile and Universidad del Desarrollo. He was an instructor at the Massachusetts Institute of Technology (MIT) and adjunct professor at Georgetown University. His teaching comprises undergraduate and graduate courses in macroeconomics, international finance, and economic development.

Research and publications

Schmidt-Hebbel has published or edited 20 books and more than 100 articles in professional journals. His main research areas comprise macroeconomic policies, saving, pension systems, growth, and development. He has also published in the economic fields of energy, crime, and happiness.

He is a founding editor and/or editorial board member of several professional journals, including the International Journal of Central Banking, Journal of International Economics and Economic Policy, Economía Chilena, Revista de Análisis Económico and the Book Series of the Central Bank of Chile Banco Central de Chile. He is a referee of articles submitted to many professional journals.

He has organized dozens of international conferences in economics and is President of Exponencial, the annual interdisciplinary conference of Universidad del Desarrollo. Public Policy.

In addition to his consultancy work, he contributes regularly to analysis and reform proposals of public policy, publishing opinion pieces at CIES - Universidad del Desarrollo), newspaper columns and op-ed contributions (El Mercurio), and participating in policy panels, book presentations, and interviews in Chile and other countries.

Distinctions and awards

• Distinguished as one of the most cited Latin American economists by RePEc

• Distinguished as Economist of the Year, elected by his peers, Economía y Negocios de El Mercurio (2008).

• Awarded the Vicente Pérez Rosales Order by the Chilean-German League (2012)

• Awarded the Club Monetario Prize of Universidad Finis Terrae(2013).

References

• 1955 births
• Living people
• International finance economists
• MIT School of Humanities, Arts, and Social Sciences faculty
• Pontifical Catholic University of Chile alumni
• 21st-century Chilean economists
• 20th-century Chilean economists