Daniel H. Neilson is an economist at the Institute for New Economic Thinking whose expertise is centred on money, the financial system and their role in the macroeconomy. He has responsibility for the Institute for New Economic Thinking’s financial stability research program. His dissertation research included measurement of liquidity premia in interest-rate derivatives markets. More recent work studies the changing role of the Federal Reserve in the financial system over the course of the financial crisis, raising questions for the future conduct of liquidity and monetary policy. Dan earned his B.A. from Bard College of Simon’s Rock in 2001 and his Ph.D. from Columbia University in 2009. In addition to his work for the institute, he teaches economics at Simon’s Rock.