▁and ▁Econom ic ▁Department ▁ ▁of ▁the ▁Bank ▁for ▁International ▁S ett lement s ▁( B IS ) ▁and ▁a ▁member ▁of ▁the ▁Executive ▁Committee ▁of ▁the ▁B IS . ▁His ▁dis sert ation ▁( Ph D , ▁ 1 9 8 1 ) ▁covered ▁infl ation . ▁His ▁more ▁recent ▁contributions ▁to ▁academic ▁research ▁have ▁focused ▁on ▁the ▁role ▁of ▁deb t ▁and ▁fin ance ▁in ▁Econom ic ▁growth , ▁and ▁on ▁impro ving ▁the ▁res ili ence ▁of ▁the ▁financial ▁system ▁> ▁At ▁the ▁B IS , ▁he ▁managed ▁the ▁research , ▁statistics ▁and ▁publications ▁produced ▁by ▁the ▁B IS . ▁▁ ▁In ▁the ▁winter ▁of ▁ 2 0 1 3 ▁he ▁returned ▁to ▁Bran de is ▁University ▁Business ▁School ▁as ▁a ▁ten ured ▁professor , ▁ ▁> ▁ ▁Other ▁activities ▁▁ ▁From ▁August ▁ 1 9 9 7 ▁to ▁September ▁ 1 9 9 9 , ▁Cec ch etti ▁was ▁Executive ▁Vice ▁President ▁and ▁Director ▁of ▁Research ▁at ▁the ▁Federal ▁Reserve ▁Bank ▁of ▁New ▁York . ▁▁ ▁Ear lier , ▁he ▁had ▁been ▁for ▁short ▁periods ▁ ▁a ▁Vis iting ▁Sch olar ▁at ▁the ▁Federal ▁Reserve ▁Bank ▁of ▁Kansas ▁City ▁( W inter - Spring ▁ 1 9 8 6 ), ▁and ▁a ▁Research ▁Econom ist ▁at ▁the ▁National ▁Commission ▁for ▁Emp loyment ▁Policy , ▁Washington , ▁D . C ., ▁Summer ▁ 1 9 8 1 . ▁ ▁Publications ▁▁ ▁Cec ch etti ▁was ▁editor ▁of ▁the ▁Journal ▁of ▁M oney , ▁Cred it ▁and ▁Bank ing ▁from ▁