The Honorable Michael Faulkender

Vice Chair, Center for American Prosperity & Chief Economist

Michael Faulkender is the Dean’s Professor of Finance at the University of Maryland’s Smith School of Business, an institution where he also served from 2008 to 2017, and is AFPI's Chief Economist and Senior Advisor for the Center for American Prosperity. Dr. Faulkender previously served as Assistant Secretary for Economic Policy at the U.S. Department of the Treasury, advising the Secretary on domestic and international economic issues. During the COVID-19 pandemic, he assisted in negotiating the CARES Act and was the senior Treasury official who led the implementation of the Paycheck Protection Program (PPP). He was awarded the Alexander Hamilton Award for Distinguished Leadership, the highest service award granted at the Department of the Treasury. His research areas include public policy, corporate capital structure, risk management, corporate liquidity, and executive compensation. His work has been published in top academic finance journals and has been cited in the Wall Street Journal, Washington Post, and The New York Times, among other publications. Professor Faulkender teaches classes in the MBA and EMBA programs at the Smith School and previously served on faculty at the Wharton School at the University of Pennsylvania, the Kellogg School at Northwestern University, and the Olin School at Washington University in St. Louis.

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