Munnell joins historian Doris Kearns Goodwin and opera singer Beverly Sills among the 146 new fellows and 22 foreign honorary members chosen in recognition of their contributions to science, scholarship, public affairs and the arts.
"I am very honored and very pleased," said Munnell. "It's a wonderful organization and I am thrilled to be a part of it."
Prior to accepting the Drucker chair appointment in 1997, Munnell was a member of the President's Council of Economic Advisers, focusing on domestic economic issues, as well as health, labor and environmental matters. Before serving on the council, she was assistant secretary for economic policy in the US Treasury Department from 1993 to 1995, where she contributed to nearly every aspect of administration policy.
Drucker Professor Alicia Munnell.
Munnell worked at the Federal Reserve Bank in Boston from 1973 through 1993, the last nine years of which she was senior vice president and director of research.
The American Academy of Arts and Sciences, founded in 1780, brings together the nation's leading figures from higher education, government, business and the creative arts to exchange ideas and promote knowledge for public interest.
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