Susan M. Collins (economist)

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Susan M. Collins
Susan M. Collins at Ford School.jpg
President of the Federal Reserve Bank of Boston
Assumed office
July 1, 2022
Preceded byEric S. Rosengren
Personal details
BornScotland, UK
Spouse(s)Donald Vereen
EducationHarvard University (BA)
Massachusetts Institute of Technology (PhD)
Academic background
ThesisDevaluations, Fixed Exchange Rates and Credibility Crises (1984)
Academic work
DisciplineEconomics
Sub-disciplineInternational Macroeconomics
InstitutionsHarvard University
Georgetown University
University of Michigan
Brookings Institution

Susan M. Collins is an American scholar in the fields of economics and public policy. On July 1, 2022, Collins began her tenure as the 14th president and CEO of the Federal Reserve Bank of Boston.[1] Before the Fed appointment, she served as provost and executive vice president for academic affairs at University of Michigan.[2]

Early life and education[edit]

Collins is a naturalized U.S. citizen of Jamaican descent, born in Scotland and raised in New York City.[3][4] She received her B.A. in economics summa cum laude from Harvard University in 1980 and her Ph.D. from the Massachusetts Institute of Technology in 1984.

Career[edit]

Collins has held various teaching positions at Harvard, Georgetown University and the University of Michigan, served on the President's Council of Economic Advisers from 1989 to 1990 and was a visiting scholar at the International Monetary Fund in 2001.[5]

She was a senior fellow in the Economic Studies program at the Brookings Institution[6] from 2007 to 2017 and became a nonresident senior fellow after her move to Michigan.

She served on the Federal Reserve Bank of Chicago board of directors from 2013 to 2022.[7]

Collins is the Edward M. Gramlich Professor of Public Policy and a professor of economics at the University of Michigan, where she also served as dean of the Ford School from 2007 to 2017.[8] She retains the designation of a professor at the university, on unpaid leave. In January 2020, Collins was appointed provost and executive vice president for academic affairs at the University of Michigan. As she stepped down as provost in June 2022, Michigan's Board of Regents awarded her a Regents' Citation of Honor for her dedication and service to the university.[9]

Collins was involved in the controversy surrounding the University of Michigan's reopening during the COVID-19 pandemic. On September 8, 2020, the university's graduate student employees went on strike because of concerns related to the university's pandemic response.[10] As the university's chief academic officer, Collins was involved in negotiations with the graduate students while also urging students not to disrupt campus operations and claiming that the strike was illegal because it was not directly related to "wages, hours, or working conditions." The students disagreed, claiming that the strike directly related to the university's failure to provide a safe working environment which was required by the contract it agreed to only months prior[11] In a publicly broadcast question and answer session on September 15, 2020, Collins said of the administration's pandemic response: “We have not done nearly as well as we needed to.”[12]

Federal Reserve Bank of Boston[edit]

In February 2022, Collins was selected to become president and CEO of the Federal Reserve Bank of Boston, becoming the first woman of color to lead any of the 12 regional Reserve Banks.[13] She took office on July 1, 2022.

Selected publications[edit]

  • Bosworth, Barry, and Susan M. Collins. "Accounting for growth: comparing China and India." Journal of Economic Perspectives 22, no. 1 (2008): 45–66.
  • Collins, Susan M., Barry P. Bosworth, and Dani Rodrik. "Economic growth in East Asia: accumulation versus assimilation." Brookings papers on economic activity 1996, no. 2 (1996): 135–203.
  • Bosworth, Barry P., Susan M. Collins, and Carmen M. Reinhart. "Capital flows to developing economies: implications for saving and investment." Brookings papers on economic activity 1999, no. 1 (1999): 143–180.
  • Razin, Ofair, and Susan M. Collins. Real exchange rate misalignments and growth. No. w6174. National Bureau of Economic Research, 1997.
  • Collins, Susan M. "On becoming more flexible: Exchange rate regimes in Latin America and the Caribbean." Journal of Development Economics 51, no. 1 (1996): 117–138.

References[edit]

  1. ^ "Susan Collins Takes Office as Boston Fed Chief, Making History". Bloomberg.com. 1 July 2022. Retrieved 5 July 2022.
  2. ^ "Susan Collins approved as next provost at U-M". University of Michigan News. 16 July 2020. Retrieved 2021-04-09.
  3. ^ "Susan M. Collins becomes first woman of color to lead Boston Federal Reserve Bank - the Boston Globe". The Boston Globe.
  4. ^ "American Economic Association".
  5. ^ Jennifer Derstine (2017-10-02). "Susan M. Collins" (PDF). Gerald R. Ford School of Public Policy, University of Michigan. Retrieved 2021-04-25.
  6. ^ "Susan M. Collins". brookings.edu. 11 January 2013. Retrieved 2021-04-25.
  7. ^ "Susan M. Collins - Federal Reserve Bank of Chicago". chicagofed.org. Retrieved 2021-04-25.
  8. ^ "Susan Collins | Gerald R. Ford School of Public Policy". fordschool.umich.edu. Retrieved 2021-04-25.
  9. ^ "Outgoing Provost Susan M. Collins to receive Regents' Citation of Honor | The University Record". record.umich.edu. Retrieved 2022-07-26.
  10. ^ Terranella, Slone (September 8, 2020). "University of Michigan graduate instructors hit the picket line". Detroit Free Press. Retrieved 2020-09-12.
  11. ^ "U-M deans push on with classes as graduate students strike". The Michigan Daily. 9 September 2020. Retrieved 2021-04-25.
  12. ^ "University of Michigan president, provost address university's pandemic response". mlive.com. 15 September 2020. Retrieved 2021-04-25.
  13. ^ Edelman, Larry (2022-02-09). "Susan Collins becomes first Black woman, woman of color to lead Boston Federal Reserve Bank". The Boston Globe. Retrieved 2022-02-09.
Other offices
Preceded by President of the Federal Reserve Bank of Boston
2022–present
Incumbent