Lutz Kilian, Professor of Economics, received his Ph.D. in Economics from the University of Pennsylvania in 1996 and his M.A. in Development Banking from The American University in 1988. He
joined the faculty at Michigan in 1996. Prior to his Ph.D., he worked for the research department of the Inter-American Development Bank in Washington, DC. During 2001-03 he served as an
adviser to the European Central Bank in Frankfurt/M., Germany. Professor Kilian has been a research visitor at the Federal Reserve Board, the European Central Bank, and the International Monetary
Fund. He has also been a consultant for the International Monetary Fund, the Inter-American Development Bank, the World Trade Organization, the European Central Bank, the Bank of Canada, the
European Parliament, and the U.S. Energy Information Administration, among others.
Professor Kilian has published over 80 articles. His work has appeared in leading general interest and field journals in economics and statistics. His research interests include time
series econometrics, empirical macroeconomics, and energy economics. Much of his recent research is concerned with the sources of fluctuations in the price of oil, with the transmission
of oil price shocks, with the role of speculation in oil markets, with measuring oil price expectations in financial markets, and with oil price forecasting. He has also published on
topics in empirical macroeconomics and in international finance including the stagflation of the 1970s, the specification of monetary policy rules, the quantification of deflation risks,
the role of sticky prices in business cycle models, and tests of exchange rate models. Finally, he has worked extensively on topics in time series
econometrics with a special focus on bootstrap methods of inference for autoregressions, on impulse response analysis, on the estimation of structural parameters in DSGE models, on the
specification and identification of structural VAR models, on forecasting and forecast scenarios, and on testing predictability. Professor Kilian has been an Associate Editor of the
Journal of Business and Economic Statistics, the Journal of Development Economics, and the Journal of Economic Dynamics and Control, among other journals. He is a
research fellow of the Centre for Economic Policy Analysis, the Center for Financial Studies, and the Euro Area Business Cycle Network.