George S. Tavlas
George S. Tavlas in 2016
Nationality	Greek-American
Occupation	Economist

George S. Tavlas is a Greek-American economist. Tavlas has been the Alternate to the Governor of the Bank of Greece for the European Central Bank since 2008. He is also a Distinguished Visiting Fellow at the Hoover Institution at Stanford University. ^[1]

Tavlas was the Director General of the Bank of Greece from 2010-2013, and a member of the General Council and the Monetary Policy Council of the Bank of Greece from 2013 to 2020. ^{[1] [2] [3] [4]} He was also an advisor to the bank's governors when the country entered the Eurozone, and was involved in the management and resolution of the Greek government-debt crisis. ^[5]

Life and work

Tavlas was born in Worcester, Massachusetts to parents who immigrated to the United States from Greece. He earned his B.A. from Babson College and his M.A. from New York University (NYU). He then earned his Ph.D. from NYU in 1977 after completing his dissertation titled: Essays on the Doctrinal Development of Milton Friedman’s Monetary Economics. ^{[1] [4]}

Tavlas started his career as an economist in the U.S. Department of State. He was an advisor for the World Bank and the Organization of Economic Cooperation and Development. Before joining the Bank of Greece, he was a Division Chief at the International Monetary Fund. ^{[1] [4]}

In addition to his roles at the Bank of Greece, from 2016 to 2019, Tavlas formed a part of the Supervisory Board of the Hellenic Corporation for Assets and Participations (HCAP), the sovereign wealth fund of the Greek state. During his tenure, he assisted in the creation and implementation of the policies responsible for the privatization of state-held assets in Greece as well as the supervision of the portfolio of state-held assets in Greece. ^{[1] [3]}

Academia

Tavlas is an active researcher in the areas of monetary policy, monetary doctrine, and time-series econometrics, with numerous academic publications. ^[6] His book, The Monetarists: The Making of the Chicago Monetary Tradition, 1927 to 1960, was published by the University of Chicago Press in June 2023. ^[7] Tavlas is Editor-in-Chief of Open Economies Review (published by Springer). ^[8]

Tavlas is also a Distinguished Visiting Fellow at the Hoover Institution at Stanford University. ^[1] He was a Visiting Professor at Leicester University ^[9] and a Visiting Scholar at the Brookings Institution, the Becker Friedman Institute at the University of Chicago, the South African Reserve Bank, the Lebow School of Business at Drexel University, and Duke University’s Center for the History of Political Economy. ^[1]

Selected publications

• Tavlas, George S. (1981) “Keynesian and Monetarist Theories of the Monetary Transmission Process: Doctrinal Aspects.” Journal of Monetary Economics 7, issue 3 (May): 317-337.
• Tavlas, George S. (1991) On the International Use of Currencies: The Case of the Deutsche Mark. Essays in International Finance (Princeton University, International Finance Section of the Department of Economics, No. 181 (March). Reprinted in Functioning of the International Monetary System, edited by J. Frenkel and M. Goldstein (International Monetary Fund: Washington, D.C., 1996), pp. 806–50.
• Tavlas, George S. (1993) "The ‘New’ Theory of Optimum Currency Areas." World Economy 16, no. 6 (November): 663-685.
• Tavlas, George S. (1997) “Chicago, Harvard, and the Doctrinal Foundations of Monetary Economics.” Journal of Political Economy 105, no. 1 (February): 153-177.
• Christou, Costas, Swamy, P.A.V.B., and George S. Tavlas (1998) “A Generalized Framework for Predicting Returns in Multicurrency Investments.” Journal of Economic Dynamics and Control 22, issue 7 (July): 977-1000.
• Dellas, Harris and George S. Tavlas (2005) “Wage Rigidity and Monetary Union.” Economic Journal 115, issue 506 (October): 907-927.
• Swamy, P.A.V.B. and George S. Tavlas (2007) “The New Keynesian Phillips Curve and Inflation Expectations: Re-specification and Interpretation.” Economic Theory 31, issue 2 (May): 293-306.
• Tavlas, George, Dellas, Harris, and Alan C. Stockman (2008) "The Classification and Performance of Alternative Exchange-Rate Systems." European Economic Review 52, no. 6 (August): 941-963.
• Tavlas, George S. (2015) “In Old Chicago: Simons, Friedman and the Development of Monetary-Policy Rules.” Journal of Money, Credit and Banking 47, no. 1 (February): 99-121.
• Dellas, Harris and George S. Tavlas (2022) “Retrospectives: On the Evolution of the Rules versus Discretion Debate in Monetary Policy.” Journal of Economic Perspectives 36, issue 3 (summer): 245-60.
• Hall, Stephen G., Wang, Yongli, and George S. Tavlas (2023) “Drivers and Spillover Effects of Inflation: The United States, the Euro Area, and the United Kingdom.” Journal of International Money and Finance 131 (March): 1-31.

References