Featured Researcher: Richard B. Berner

Richard B. Berner, a Managing Director and Chief U.S. Economist at Morgan Stanley, represents the National Association for Business Economics (NABE) on the NBER's Board of Directors. He is a Past President and a Fellow of NABE, as well as a winner of their forecasting award.

Berner received his bachelor's degree from Harvard College and his Ph.D. from the University of Pennsylvania. Before joining Morgan Stanley in 1999, he was Executive Vice President and Chief Economist at Mellon Bank, and a member of Mellon's Senior Management Committee. Prior to that, he served as a Principal and Senior Economist for Morgan Stanley, as a Director and Senior Economist for Salomon Brothers, as Economist for Morgan Guaranty Trust Company, and as Director of the Washington office of Wharton Econometrics. He also served for seven years on the research staff of the Board of Governors of the Federal Reserve System.

Berner is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York and of the Advisory Committee of the Bureau of Economic Analysis. He lives in Rye, New York, with his wife Bonnie. They have two children, Matt and Laura, who are respectively a junior and a freshman at Princeton University. In his free time, he enjoys golf and aspires to a single-digit handicap.