An economist who joined AEI after a career at the Federal Reserve Board that spanned more than 25 years, Stephen Oliner held a number of high-level positions at the Fed, most recently serving as a senior adviser in the Division of Research and Statistics. He was actively involved in the Fed's analysis of the U.S. economy and financial markets, and his research spanned a wide range of topics, including monetary policy, business capital spending, productivity growth, commercial real estate and the measurement of capital. Concurrent to his position at AEI, Mr. Oliner is a senior fellow at the UCLA Ziman Center for Real Estate. He also maintains an economic consulting practice. 

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