Economist Joins Business Center

Victor Zarnowitz, an internationally recognized economist, has joined Columbia's Center for International Business Cycle Research as co-director and senior research scholar, it was announced by CIBCR director Geoffrey H. Moore.

"Victor is an eminent authority on the business cycle, a long-time professional associate and a close personal friend," Moore said. "He will make a major contribution to our expanding work in economic research and forecasting."

Professor emeritus of economics and finance at the University of Chicago's Graduate School of Business, Zarnowitz joined that faculty in 1959.

He had previously been a visiting professor in economics at Columbia and a full-time staff member of the National Bureau of Economic Research, a private, nonprofit research agency founded by Wesley C. Mitchell, an economist who taught at Columbia and pioneered the science of business cycle research.

Zarnowitz is the author or co-author of many articles and books on the business cycle, most recently Business Cycles: Theory, History, Indicators and Forecasting (University of Chicago Press/NBER, 1992). From 1963 to 1990 he directed studies of economic forecasting for NBER and the American Statistical Association. He is currently a research associate of both NBER and CIBCR.

A native of Poland, Zarnowitz earned an A.M. in 1949 and a Ph.D. in 1951, summa cum laude, from the University of Heidelberg, Germany. He has been a U.S. citizen since 1957.

The Center for International Business Cycle Research is a major economic forecasting agency whose world-wide reputation is based on its ability to anticipate and identify turning points in world economies.

Columbia University Record -- September 23, 1994 -- Vol. 20, No. 3