Elliott School Professors Martha Finnemore and Michael Barnett were listed as the No. 1 and No. 11 scholars, respectively, who produced the most interesting scholarship in the past five years in the 2011 Teaching, Research and International Policy (TRIP) survey 
, which included responses from 1,582 international relations faculty members.
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Jay Shambaugh
Associate Professor of Economics and International Affairs
Office: 1957 E Street, NW, Suite 502D
Phone: (202) 994-9208
E-mail: jshambaugh@gwu.edu
Web: www.gwu.edu/~iiep/jshambaugh
Education:
Ph.D., U.C. Berkeley
Expertise:
International Macroeconomics
Background:
Jay Shambaugh's area of research is macroeconomics and international economics. His work includes analysis of the interaction of exchange rate regimes with monetary policy, capital flows, and trade flows as well as studies of international reserves holdings, country balance sheet exchange rate exposure, the cross-country impact of fiscal policy, and the current crisis in the euro area. In addition to his book, Exchange Rate Regimes in the Modern Era (MIT Press, 2009), Shambaugh has published in The American Economic Review, The Quarterly Journal of Economics, and other leading journals.
Prior to joining the faculty at George Washington, Shambaugh taught at Georgetown and Dartmouth and served as first Senior Economist for International Economics and then Chief Economist at the White House Council of Economic Advisers. He is also a Faculty Research Fellow at the NBER and a visiting scholar at the IMF. Shambaugh received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.