Media Releases
Published Date: 23 May 2016

Eminent economist Alan Krueger appointed MAS Term Professor at NUS Business School

Monetary Authority of Singapore                                        National University of Singapore

Singapore, 23 May 2016…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Alan Krueger, Bendheim Professor of Economics and Public Affairs at Princeton University, as the MAS Term Professor in Economics and Finance from 23 to 29 May 2016. Professor Krueger will be hosted by the NUS Business School during the term of the Professorship.

Professor Krueger is a renowned economist and prolific researcher, who has published widely in many areas including the economics of education, terrorism, unemployment, labour demand, income distribution, social insurance, labour market regulation and environmental economics, and has authored books such as Myth and Measurement: The New Economics of the Minimum Wage, as well as Inequality in America: What Role for Human Capital Policies?

He has also served in various capacities in the public sector. Notably, he was the Chairman of President Barack Obama’s Council of Economic Advisers, as well as a Member of his Cabinet from 2011 to 2013. He was previously Assistant Secretary for Economic Policy and Chief Economist of the U.S. Department of the Treasury from 2009 to 2010, and Chief Economist of the U.S. Department of Labour from 1994 to 1995.

As the MAS Term Professor, Professor Krueger will be speaking at a forum based on his latest book, What Makes a Terrorist: Economics and the Roots of Terrorism, on the psychological motivation and the economics of terrorism, at the NUS Shaw Foundation Alumni House on 25 May 2016.

During the term of his appointment, he will also meet with NUS faculty members, advise students on their research, and engage senior policymakers and economists at MAS on macroeconomic issues.

At the Asian Bureau of Finance and Economic Research (ABFER) Annual Conference, Professor Krueger will participate in the Industry Panel and Roundtable discussing “Growth in the Face of Headwinds: What to Do?”. He will also be attending the 3rd Asian Monetary Policy Forum (AMPF), which aims to bring together high-level central bankers, academics and private sector analysts to share perspectives on pressing monetary policy issues in Asia. The ABFER Annual Conference will be held from 23 to 26 May 2016 at The Shangri-La Hotel, Singapore, followed by the AMPF which will take place from 26 to 27 May 2016 at the same venue.

“We are honoured to welcome Professor Krueger to NUS Business School. Professor Krueger is a world-class academic and a globally-renowned policy adviser, who has demonstrated how economics can have a wide impact on our lives. The appointment of Professor Krueger will certainly contribute towards the advancement of knowledge at the School,” said Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor at NUS Business School.

Mr Edward Robinson, Assistant Managing Director (Economic Policy) and Chief Economist at MAS, said, “Professor Krueger is a highly regarded economist who has published extensively on labour economics, income inequality and education. In addition to shaping policymakers’ understanding of these issues, he has made direct and substantial contributions to U.S. public policy. It is a great opportunity and privilege for us to engage such an internationally recognised economist as the MAS Term Professor and we look forward to learning from him.”

First established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at both the NUS Business School and the Department of Economics at the NUS Faculty of Arts and Social Sciences. It aims to strengthen Singapore’s financial and economics research infrastructure and contribute to a vibrant research community and culture at local universities.

The MAS Term Professorship in Economics and Finance has been awarded to 13 distinguished scholars over the last seven years.

About National University of Singapore (NUS)

A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education and research, with a focus on Asian perspectives and expertise.
NUS has 17 faculties and schools across three campuses. Its transformative education includes a broad-based curriculum underscored by multi-disciplinary courses and cross-faculty enrichment. Over 38,000 students from 100 countries enrich the community with their diverse social and cultural perspectives.
NUS has three Research Centres of Excellence (RCE) and 26 university-level research institutes and centres. It is also a partner in Singapore’s fifth RCE. NUS shares a close affiliation with 16 national-level research institutes and centres. Research activities are strategic and robust, and NUS is well-known for its research strengths in engineering, life sciences and biomedicine, social sciences and natural sciences. It also strives to create a supportive and innovative environment to promote creative enterprise within its community.  

For more information on NUS, please visit .

About NUS Business School

The National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.

The school has consistently received top rankings in the Asia-Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit, and QS Top MBA, in recognition of the quality of its programmes, faculty research and graduates. In the Financial Times Global Rankings, the NUS MBA was ranked 32nd in 2016, while the NUS-UCLA Executive MBA and Asia-Pacific Executive MBA were ranked 5th and 25th respectively in 2015.

In the biannual Forbes rankings for two-year MBA programmes, NUS Business School was ranked 7th among business schools outside the United States in 2015. Quacquarelli Symonds (QS) has also ranked the school 12th in the world for accounting and finance.

The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards for business education. The school is also a member of the GMAC Council, Executive MBA Council, Partnership in Management (PIM) and CEMS (Community of European Management Schools).

For more information, please visit, or go to the Think Business portal, which showcases the School’s research.

About Monetary Authority of Singapore

As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore -- banks, insurers, capital market intermediaries, financial advisors, and the stock exchange. Being an integrated supervisor allows the MAS to adopt a consistent and progressive regulatory and supervisory approach and framework, thereby ensuring a level playing field across all market segments, sectors and activities. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre.

For more information, please visit