Ray Lombra is Senior Adviser to the Dean and Professor of Economics. He joined the faculty in 1977 after serving as a senior staff economist at the Board of Governors of the Federal Reserve System, and became associate dean in 1992. A specialist in monetary economics with a focus on central bank policy, financial markets and international finance, he was a popular and award winning teacher of macro economics. He has published over 75 scholarly articles and six books. His money and banking text (co-authored with Maureen Burton) recently won an award as text of the year and his current published work has helped explain some anomalies in asset pricing.