Former Treasury Department Assistant Secretary Phillip L. Swagel to Join Georgetown University's McDonough School of Business Fa

April 08, 2009 swagel

Swagel Brings a Mix of Professional and Classroom Teaching Experience to Students; One of 12 New Faculty Members


WASHINGTON, D.C. - Georgetown University McDonough School of Business Dean George G. Daly today announced the appointment of former Assistant Treasury Secretary for Economic Policy Phillip L. Swagel to a professorship at the school. Swagel, who will join the faculty in August, previously has taught at the University of Chicago Booth School of Business and at Northwestern University.

"At a time when the state of the global economy is the foremost issue facing the world, Phill Swagel will share his exceptional knowledge and expertise in this area with the students at Georgetown's McDonough School of Business," Daly said. "He brings an outstanding record of academic research, years of professional service, and significant classroom teaching experience."

While working at the U.S. Treasury Department from 2006 to 2009, Swagel advised Secretary Henry Paulson on all aspects of economic policy, including the development and analysis of the administration's economic initiatives. His responsibilities included the Treasury's daily economic briefings; development of housing and foreclosure avoidance policies; and policies relating to health care, pensions, Social Security, Medicare, insurance, energy, environment, patent reform, homeland security, and financial markets. He also served as a member of the Troubled Assets Relief Program (TARP) investment committee.

In the year prior to his appointment to the Treasury Department, Swagel was a resident scholar at the American Enterprise Institute, where he conducted research on domestic and international economic issues. From 2002 to 2005, he was chief of staff at the White House Council of Economic Advisors, serving as a senior economist there from 2000 to 2001. In addition, he has been an economist at the Federal Reserve Board and the International Monetary Fund. He has published widely in top academic journals as well as in the popular press.

"I look to combine my policymaking experience with solid economic analysis to help students explore the connections between theory and practical business and policy applications," Swagel said. "The McDonough School of Business is known for its superb students and engaging classroom discussion. I look forward to contributing to their professional and intellectual development." Swagel received a bachelor's degree in economics from Princeton University in 1987. He earned a master's degree in 1990 and a Ph.D. in 1993, both in economics from Harvard University.

Swagel is one of 12 new faculty members to join Georgetown's McDonough School of Business in August. Among these 12 are three professors of the practice: Swagel; Bill Novelli, former CEO of AARP and co-founder of the global public relations firm Porter Novelli; and Meg VanDeWeghe, former Senior Vice President of Finance at Lockheed Martin. Additionally, Michael Fitzgerald and Charles Skuba, both currently adjunct professors, will become Professors of the Practice.

The remaining nine new hires are on the tenure track. They include: Bumjean Sohn (UNC Chapel Hill) in finance; Michael O'Leary (Boston College) and Chris Long (Washington University in St. Louis) in management; Kurt Carlson (Duke University) in marketing; Volodymyr Babich (University of Michigan) and Victor Jose (Duke University) in operations and information management; and Daniel Baer (Georgetown University), Jacob Gramlich (Yale University), and David Tan (Emory University) in strategy. The school also hired Jie Yang as a research associate who will teach one finance class.

About Georgetown University's McDonough School of Business

Georgetown University's McDonough School of Business is a premier business school in the nation's capital. Founded in 1957 to educate undergraduate business students through the integration of liberal arts and professional education, the school annually welcomes some 1,400 undergraduates, 1,000 MBA students, and 500 participants in its executive education programs. For more information about Georgetown's McDonough School of Business, visit