Michael Gapen is a Managing Director and Head of US Economics Research at Barclays. Based in New York, he is responsible for the firm’s outlook for the US economy and, in particular, US monetary policy and the impact of financial markets on the economy. Prior to taking on this role, Michael was a Senior US Economist and, following his appointment as Asset Allocation Strategist in January 2012, he took on additional responsibility for forming the firm’s asset allocation views and marketing them to clients.
Michael joined Barclays in 2010 from the Board of Governors of the Federal Reserve, where he was a Section Chief responsible for monetary and financial market analysis. In that capacity, he assisted the Board and the FOMC in the formulation of monetary policy and the Federal Reserve’s response to the financial crisis.
Prior to that, he served as an Economist with the International Monetary Fund. He has also taught Finance and Economics at institutions including Kelly School of Business and Department of Economics at Indiana University, Mendoza College of Business at the University of Notre Dame, and the Department of Economics at Johns Hopkins University. Michael holds a Ph.D. in Economics from the Department of Economics at Indiana University.