Established in 2008 with comimtments made by Charles and Nancy Clarvit, Jeff and Shari Aronson, Carol and Steven Batoff, Robert and Avis Barbera, Steven and Judith Kaye, Ross and Patricia Margolies, Marshal and Janet Salant, Timothy and Denise Weglicki, Edgar and Jeanne Edwards, David P. Nolan, James and Ann Rickards, Neil and Lenore Sherman, Carl and Rachael Berg, Kevin and Beth Heerdt, Donald E. Kerr Jr., Albert Teplin, and Lawrence and Carol Wolfe in honor of Louis J. Maccini

LOUIS J. MACCINI joined the Department of Economics at The Johns Hopkins University in 1969, chairing the department from 1992 to 2007. Beginning in 2000, he headed the effort to create the Center for Financial Economics; his vision was to create a place where teaching and research in finance would occur in an economics department in a college of Arts and Sciences rather than in a business school. Dr. Maccini’s recent research has explored such issues as the role of inventories in the business cycle, how monetary policy affects inventory investment, whether recent technological innovations such as computerization have enabled businesses to more effectively manage their inventory positions, and whether this phenomenon contributed to the decline in the volatility of GDP growth since the early 1980s. He was selected a fellow of the International Society for Inventory Research in 2004 and served as its president from 2010-12. The Louis J. Maccini Professorship is a fitting tribute to an academic leader whose vision has shaped the unique mission of the Center for Financial Economics.


JON FAUST, the inaugural Louis J. Maccini Professor, joined the faculty at Johns Hopkins in 2006 after nearly 20 years in the Federal Reserve System. At the Federal Reserve Board, he rose to assistant director in the International Finance Division, directing research in international finance and trade. Dr. Faust is widely published in scholarly journals on a broad range of topics at the intersection of finance and macroeconomics. He is currently editor of the Berkeley Journals in Macro. Dr. Faust consults regularly with central banks throughout the world and has held visiting faculty positions at Princeton University, Georgetown University and Indiana University’s Center for Applied Economics and Policy Research.