Joseph S. Tracy is a nonresident senior fellow at the American Enterprise Institute (AEI), where he is working with the Economic Policy department and the AEI Housing Center. Before joining AEI, he served for more than two decades at the Federal Reserve Bank of New York and the Federal Reserve Bank of Dallas, where he was most recently executive vice president and senior adviser to the president. He joined the New York Fed after appointments in the economics departments at Yale and Columbia universities.

At AEI, Dr. Tracy focuses on housing markets, housing finance, and labor markets.

Dr. Tracy’s work has been widely published in policy journals, including in Economic Policy Review, Journal of Applied Econometrics, Journal of Economic Perspectives, Journal of Labor Economics, Journal of Urban Economics, and Real Estate Economics. In addition to research and working papers, Dr. Tracy has written for the Dallas Fed Economics blog and the Liberty Street Economics blog.

The coeditor of Principles of Housing Finance Reform (University of Pennsylvania Press, 2016), Dr. Tracy is also the coauthor of many book chapters, including “The Capital and Governance of a Mortgage Securitization Utility” in Principles of Housing Finance Reform, “The Supply Side of the Housing Boom and Bust of the 2000s” and “A New Look at Second Liens” in Housing and the Financial Crisis (University of Chicago Press, 2013), and “A Private Lender Cooperative Model for Residential Mortgage Finance” in The American Mortgage System: Crisis and Reform (University of Pennsylvania Press, 2011).

Dr. Tracy has a PhD in economics from the University of Chicago and a BA from the University of Missouri.