Nathan Sheets recently joined Citi as Global Head of International Economics. In that role, he will help lead the Firm’s team of economists around the world, with a special focus on coordinating the international forecast. His own research will focus on global themes, with a particular emphasis on the position of the United States in the world economy.
Previously, Mr. Sheets worked at the Federal Reserve Board for 18 years in a variety of positions. From September 2007 to August 2011, he served as the Director of the Board’s Division of International Finance. In this capacity, he supervised the monitoring of the global economy and other analysis, research, and forecasting done in the division. He also served as one of three Economists to the Federal Open Market Committee. He advised the Committee on macroeconomic and financial developments in foreign economies and discussed the outlook for U.S. trade, the dollar, and commodity prices. He played a key role in the design and implementation of the Fed’s swap line program that was implemented during the financial crisis. Mr. Sheets also represented the Federal Reserve at many international meetings and was a member of the Committee on the Global Financial System sponsored by the Bank for International Settlements.
During his tenure at the Federal Reserve, Mr. Sheets worked on a range of issues including the adjustment of U.S. current account imbalances, approaches to resolving emerging market financial crises, and reform of the International Monetary Fund. His research has been published in the Journal of Money, Credit and Banking, the Journal of International Money and Finance, the Journal of International Economics and the Review of International Economics. From 2006-07, while on leave from the Board, Mr. Sheets worked as a Senior Advisor to the U.S. Executive Director at the International Monetary Fund. He was a visiting faculty member at Brigham Young University from 1996-97.
Mr. Sheets received his B.A. in economics in 1989 from Brigham Young University. He graduated Valedictorian and summa cum laude. As a recipient of the National Science Foundation Fellowship, Mr. Sheets completed his Ph.D. studies at the Massachusetts Institute of Technology in 1993.