She grew up in Providence, earned bachelor’s and master’s degrees at Brown in mathematics and then rather adventurously headed west, teaching at two universities in Texas in the 1920s before completing her Ph.D. and then teaching at the University of Wisconsin.
Although oil prices have moderated recently, upside risks remain, and a challenge we face in the Bank is to keep inflation within the inflation target range in the face of significant exogenous shocks as posed by the oil price movements. Research on the first and second-round inflationary effect of oil price increases is therefore important for making good monetary policy decisions.