About

Dr. Michael M. Hutchison

Dr. Michael M. Hutchison is Distinguished Professor of Economics at the University of California, Santa Cruz. Hutchison is on the editorial boards of Journal of International Money and Finance and Japan and the World Economy.

Dr. Hutchison’s research centers on topics related to international finance and open economy macroeconomics. He has published widely in academic journals and other venues, including eight books and monographs with major publishers (including MIT Press and Cambridge U. Press) and more than 150 articles, book chapters, monographs and policy briefs (including Review of Economics and Statistics, Economic Journal, J. of International Economics, J. of Development Economics, J. of Money, Credit and Banking, etc.). His most recent work is on the costs of financial crises, the effectiveness of international capital controls, the role of fiscal rules in stabilizing public finances and the business cycle, monetary policy in India, China and Japan, and official foreign exchange market intervention. 

Hutchison joined the UC Santa Cruz faculty in 1985. He served as UCSC Economics Department Chair (2001-2003) and Dean of the Division of Social Sciences (2003-2006).He received his PhD in Economics from the University of Oregon in 1983, and previously worked as an economist at the Federal Reserve Bank of San Francisco (1983-85), Head of Section in the Monetary and Economic Department at the Bank for International Settlements in Basle, Switzerland (1989-91), and Professor at the Institute of International Economics and Management at the Copenhagen Business School (1995-97). His short-term visiting appointments have included: Federal Reserve Bank of San Francisco, Federal Reserve Bank of New York,  Osnabrück University, Joint Vienna Institute, Lund University, Dutch Central Bank, Victoria University, INSEAD, Swedish Central Bank, PerCent Institute at the Copenhagen Business School, Reserve Bank of New Zealand,  Bank of Japan, Hong Kong Monetary Authority, International Monetary Fund, EPRU at the University of Copenhagen, the University of Gothenburg, and the University of California at Berkeley.

Dr. Hutchison is also a principal of the firm California International Economic Consultants where he consults with private business and public agencies in the areas of finance, statistics and forecasting. His firm focuses on providing modern technical analysis to management, especially in the financial sector and credit card industry. His clients include large private sector firms, central banks and international institutions. 

Curriculum Vitae (pdf file)

Short Bio (pdf file)