Michal Kowalik
Part-time Faculty
Biography
My name is Michal Kowalik. I'm a financial economist and a manager in the Supervision and Regulation Department of the Federal Reserve Bank of Boston. My research interests lie in theoretical and empirical corporate finance, banking and household finance. On the policy front, I'm heavily engaged in stress testing of the largest banking institutions in the country and offer ad hoc support to the Boston Fed president on all policy matters. I have been an adjunct professor at BC since Fall 2019 and I have been conducting guest lectures on using econometric/statistical tools in bank supervision for the Fed audiences and at MIT's Math Department. I did my PhD at the University of Mannheim in Germany and worked for some time at the Federal Reserve Bank of Kansas City before moving to Boston. I was also a visiting researcher at the Golub Center for Finance and Policy at MIT Sloan. As a manager I lead a team consisting of Ph.D. economists, research assistants and quantitative analysts. Our team focuses on academic (both theoretical and empirical) research in many fields of finance (banking, corporate, household, asset pricing, financial stability) as well all aspects of financial stability policy. In addition, I supervise two modelling teams for the Fed-run stress tests, who model losses in retail portfolios.