Nellie Liang

Director, Division of Financial Stability, Federal Reserve Board

Nellie Liang is the Director of the Division of Financial Stability at the Federal Reserve Board. She started the division in 2010 to focus greater attention at the Fed on identifying risks to financial stability and developing macroprudential policies to mitigate systemic risks. Ms. Liang’s recent research has focused on financial vulnerabilities and macroeconomic dynamics, fragilities in short-term funding markets, effect of creditor rights on real economic activity, and the cost of equity capital.

Her research has been published in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Journal of Public Economics, among other places. She holds a Ph.D. in economics from the University of Maryland, and a B.A. in economics from the University of Notre Dame.

Content by this Author

CEPR Policy Research


  • 17 - 18 August 2019 / Peking University, Beijing / Chinese University of Hong Kong – Tsinghua University Joint Research Center for Chinese Economy, the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, the Guanghua School of Management at Peking University, the Stanford Center on Global Poverty and Development at Stanford University, the School of Economics and Management at Tsinghua University, BREAD, NBER and CEPR
  • 19 - 20 August 2019 / Vienna, Palais Coburg / WU Research Institute for Capital Markets (ISK)
  • 29 - 30 August 2019 / Galatina, Italy /
  • 4 - 5 September 2019 / Roma Eventi, Congress Center, Pontificia Università Gregoriana Piazza della Pilotta, 4, Rome, Italy / European Center of Sustainable Development , CIT University
  • 9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey