The chair is named for the eminent management theoretician and author, and was established by University Trustee John A. McNeice Jr. '54, and his wife Margarete.
"We are extremely lucky to welcome her to our faculty," said CSOM Dean John Neuhauser. "It is a real coup to have someone like Alicia, with such an unusual record of accomplishment in both the private and public sectors. Her research and professional experience will greatly enhance the school's expertise. But it's also wonderful to see how eager she is to participate fully in the life of the University."
"This professorship offers some wonderful opportunities," Munnell said. "It's a chance to catch up on developments in the fields where I've worked, and to continue pursuing my research interests in areas like financial institutions, retirement issues and Social Security.
"Most of all, though, I want to learn to teach well," she added. "Boston College represents the highest commitment to teaching excellence, and I feel strongly that this is where I will become an effective educator."
Munnell plans to teach classes on monetary and fiscal policies to graduate and undergraduate students. She also hopes to be involved in organizing special events or initiatives under the Drucker Chair's sponsorship.
Prior to her appointment to the CEA, Munnell was assistant secretary for economic policy in the US Treasury Department from 1993-95. Previously, she spent 20 years at the Federal Reserve Bank of Boston, the last nine of which she was senior vice president and director of research.
Munnell has previous experience in academia, having worked as an assistant professor of economics at Wellesley College in 1974, and a teaching fellow in the Harvard University Economics Department from 1971-73.
Among her numerous publications, Munnell has authored the books The Economics of Private Pensions, Pensions for Public Employees , and The Future of Social Security .
Munnell's professional activities have included membership in the National Academy of Sciences, National Academy of Social Insurance - which she co-founded - and The American Prospect editorial board. She also served in the International Monetary Fund Technical Assistance Program and the World Bank Advisory Committee to the Study on Old Age Security Arrangements.
After earning her bachelor's degree in economics from Wellesley College in 1964, Munnell earned a master's degree in economics from Boston University in 1966 and a doctorate in economics from Harvard University in 1973.
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