For well over 50 years, Dr. Albert Wojnilower has been an economist active in the New York financial community. He started in 1951 at the Federal Reserve Bank of New York, where he became chief of the Domestic Research Division. After a short stint at Citibank, he served for 22 years, until 1986, as chief economist of Credit Suisse First Boston, a leading international investment bank. He has published many essays dealing with faults in the financial structure. His 1980 article in the Brookings Papers — “The Central Role of Credit Crunches in Recent Financial History” — popularized that subject in academic discourse.
On Wall Street, Dr. Wojnilower is particularly well known for his interest rate forecasts, which, though often outliers when they are made, generally turn out to be correct. Features about him have appeared in many business publications. Dr. Wojnilower is currently housed at Craig Drill Capital, a small investment partnership in New York, and is also a consultant to several other institutions and individuals. He earned his Ph.D. from Columbia University, and he has been an adjunct professor at NYU and a director of the American Finance Association.
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