Prior to this appointment, Dr. Subbarao served as Finance Secretary to the Government of India and as Secretary to the Prime Minister’s Economic Advisory Council.

Dr. Subbarao has been a career civil servant who held several important positions in public finance management. As Finance Secretary to the state government of Andhra Pradesh, he pioneered economic reforms at the sub-national level in India in the mid-1990s.

As a Lead Economist in the World Bank (1999 - 2004), Dr. Subbarao advised a number of developing countries on public finance management. He also task managed a flagship study on decentralisation across major East Asian countries which was acknowledged as innovative policy work.

Dr. Subbarao studied at the Indian Institute of Technology, Kanpur and the Ohio State University. He was a Humphrey Fellow studying public finance at MIT during 1982-83. He earned his PhD in Economics from Andhra University for his thesis on “Fiscal Reforms at the Sub-national Level”.

Dr. Subbarao came into the Reserve Bank just a week before the global financial crisis erupted in full in mid-September 2008. He led the Reserve Bank’s effort to mitigate the impact of the crisis on India and was actively engaged in the G-20 effort to coordinate an international response to the crisis. The challenges ahead for the Reserve Bank, as he sees them, are to bring inflation down, support the growth momentum of the Indian economy, take financial sector reforms forward and deepen financial inclusion.

De Gregorio obtained a doctorate (PhD) in Economics in 1990 at the Massachusetts Institute of Technology (MIT).

De Gregorio has published widely in international academic reviews and books on issues including stabilization policies, foreign exchange regimes and economic growth. He has served as a referee for several academic journals and is an associate editor with the journals International Tax and Public Finance and Latin American Economic Review.

De Gregorio is a full professor at the University of Chile (on leave). In 1997 and 2000 he was professor and head of post-graduate programs at the Center of Applied Economics at the University of Chile, where he has taught macroeconomics and international economics since 1994.

From 1994 to 1997, de Gregorio coordinated economic policy within the Chilean Ministry of Finance.

From 1990 to 1994 de Gregorio worked as an economist in the research department of the International Monetary Fund (IMF). He was a visiting researcher at the IMF and the World Bank, and visiting professor at the Anderson School, University of California - Los Angeles.

De Gregorio was chosen as "The Best Central Bank President in Latin America for 2008" in a poll taken among bankers and economists by British magazine "The Banker", which belongs to the journalism conglomerate of the Financial Times.

Márcio Holland de Brito holds a Ph.D. in Economics from the UNICAMP Institute of Economics, with a post-doctoral degree in Economics from the University of California, Berkeley. He was Visiting Scholar at the CLAS (Center for Latin American Studies) at UC-Berkeley, U.S.A.

He is Professor at the São Paulo School of Economics, Getulio Vargas Foundation and former Director of the Graduate Program in Economics. He was associate researcher at the National Council of Technological and Scientific Development from March 2003 to February 2013.

During his post-doctoral stage at University of California, Berkeley, he was involved with research on debt sustainability, debt intolerance and monetary policy under inflation targeting regimes in emerging economies. Related to these topics, several articles were published in academic journals from 2005 to 2010.

He has had a number of his works published in academic international and Brazilian journals. In 2011, he published a book on the exchange rate in Brazil. His last three articles are related to topics on international finance, monetary policy and economic growth.

Until 2007, she was at Princeton University, as Professor of Economics and International Affairs in the Economics Department and the Woodrow Wilson School. In 2005 she was awarded an Alfred P. Sloan Research Fellowship.

She received the 2006 Bernácer Prize (best European economist working in macroeconomics and finance under the age of 40). In 2012 she received the inaugural Birgit Grodal Award of the European Economic Association. She is a Fellow of the British Academy.

She is associate editor of the Journal of the European Economic Association and of the AEJ: Macroeconomics Journal. She is on the board of the Review of Economic Studies and has been elected member-at-large of the Council of the European Economic Association. She is a CEPR Research Fellow and an NBER Research Associate. She is on the Board of the Autorité de Contrôle Prudentiel, a member of the Commission Economique de la Nation and of the Bellagio Group on the international economy. She is also on the Board of INET. She writes a regular column for the French newspaper Les Echos.

Hélène Rey received her undergraduate degree from ENSAE, a Master in Engineering Economic Systems from Stanford University and her PhDs from the London School of Economics and the Ecole des Hautes Etudes en Sciences Sociales.